BTCwriter: Bitcoin in 2021 & Price Relativity - A New Day
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BTCwriter: Bitcoin in 2021 & Price Relativity - A New Day

By Thomas Wolf | wickedthewolf | 5 Jan 2021


Relativity has to be the single most important thing in my day to day operations; from the opportunity cost of relationships and an excessively expensive, tiresome education to profit and loss margins between the lines on graphs.

“I believe in intuitions and inspirations.  I sometimes feel that I am right.  I do not know that I am.” Albert Einstein

As you may already know, becoming COVID-Positive hit my portfolio particularly hard.  I’ve rolled in sickness with FUD (Fear, Uncertainty, and Doubt) until recovering to a point where I knew I was very late to the party.  With not enough capital remaining to buy into the bull run’s FOMO (Fear of Missing Out) I, out of rational thought to build enough money to work the markets safely first; I barely invested.  Suddenly, I regained enough clarity to see I’d gone against my beliefs and needed to restore the essential need to practice what I preach regardless of my current circumstances.

Far too many have felt left out of Bitcoin and other cryptocurrencies in the last decade, but this is a bent matter of perspective.  I pulled out of the market entirely because I had to cash out the entirety of my portfolio to survive without missing a credit card payment.  As much as it pains me, I would do it again.  I live with no regrets, only hard lessons.  Going back to relativity, with Einstein as one of my many idols, I have a poster of his quotes by my bed, and one stood out to me this morning.

The relativity quote that struck me is not highlighted in this article because Einstein also operated as a human being.  At the same time, E = mc2 is truly priceless in the sciences, particularly in relation to physics/mathematics.  The theory of relativity is undoubtedly a result of Einstein’s deep passion for understanding nature and the universe - and to him, it didn’t remove the human element of life, and how this influences all markets, he saw it in everything.  When I became ill, Bitcoin was worth just under $16,000 USD, being up from $3K early in the year; selling it seemed logical at the time.  Christmas made easy work of a ride to $25,000+ USD, New Years’ laid the path for $30,000+ USD, and 2021 brings about prices north of $34,500 USD in its first week of Q1.

No one can say what will come, but we can put aside any notion that the game is anywhere near over; this is only the beginning.  I bought Bitcoin at $29,825 USD with the last of my nest egg this morning during a dip.  I wish I’d woken up an hour sooner, although I have no regrets as I am sitting in a fair profit range.  0.01 Bitcoin flipped from 29.8K to 31.3 is profit.  0.098 Bitcoin flipped from 31.6K to 31.25K is still profit.

One must hate breaking the general rule of only buying below their initial sell point, covering the fee difference at a minimum.  Still, one must also identify there is more money to be made between the lines; they are highly volatile and go up and down all day, after all.  It makes absolute sense that many chase daily highs and lows, but I argue that there is more profit in faster-paced active trading because there is.  The margins for profit regularly ensure it, but not all know how to safely or confidently approach them.  FIAT value brought high can often buy a lot more Bitcoin at a daily low, assuming it doesn’t keep going up endlessly - what goes up must go down, at least a reasonable amount, anyway.

It would be ideal not to have to concern ourselves with money, with my mind often in a very different place focused on creating a better world with knowledge instead of making financial gains a means to an end.  But, without that end, there can be no beginning for the progress yet to be made.  Research and development are expensive.  Changing minds is difficult, if not damn near impossible, and money is an effective motivator in a world so desperate.  Still, solutions can be found for all problems time cannot solve - I believe that.

I would rather be deep into EOSIO developer lessons and immersed in nature, reading on my new Kindle, listening to music, tending to my garden, various projects, and wrapped lovingly by a woman that loves me for me than sit and stare at graphs all day.  Sadly, the market has no conscience, and time waits for no one.  Nothing is without sacrifice or risk, and I feel compelled to keep taking and making them to move forward.  Making time for the present and the future appears vital to success if we consider our positions now as relative to our roles in the future.

Let us not forget the lessons of yesterday but learn from them and continue to make progress in all aspects of life.  Eventually, Bitcoin will be shadowed by a better currency, and if we remain too focused on a singularity, we can’t expect to make genuine changes in the long-term.  God bless limit buy, sell, and stop orders; without them, many would be left out of trading as life has other demands of time, such as research, family, food, and much-needed sleep.

A musician I follow recently called for a music deal in Bitcoin on Twitter known as Ollie continually focuses on the grind for progress:


I’m happy to see people from new demographics such as the NFL and good music exploring cryptocurrencies as ideal ways to be paid, and this article is recognizing Ollie’s music as worthy of it.  Crypto in music has come a long way since YTCracker’s crappy nerd-core hip hop - cheers to that, I’d never wished I was deaf so much in my life!  I wonder if NFT’s could be applied to music, if not something similar.  I don’t see why not.

“Yeah, I came a long way, had a tough few years, still I wouldn’t change shit, that’s the reason I am here, had to battle my thoughts, had to fight my fears, no I wouldn’t change shit, that’s the reason I am here, they can say what they like about me, I’m just moving at a different speed, everybody was the first to doubt me, not too many saw what I can see, yeah, we came a long way, had a tough few years, no I wouldn’t change shit - that’s the reason I am here.” -Ollie in 2017, Wouldn’t Change (Prod. Mike Squires)

Like picking Einstein quotes, picking an Ollie song is very difficult because there are so many good ones; he’s dropping new ones now and they only improve.  Here’s another favorite of mine.

What do you see coming next?  I see the architecture for a new future, a foundation to build a new world with blockchain technology… do you agree?

As always, comments, suggestions, and friendly debates are highly encouraged.

Stay smart & Stay safe.

-Thomas Wolf

Cryptowriter is now conducting podcasts which can be found on PocketCasts, YouTube, Spotify, Anchor, and more to come.

DISCLAIMER

I am not a certified financial, tax, or legal advisor, analyst, or planner.  The above information should not be considered advice but as an opinion intended to share information and ideas for entertainment and independent research purposes.  Cryptowriter and its writers are not responsible for any losses or damages incurred as a result of misinterpreting personal opinions for professional advice.


This article was originally published on Voice.com

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Thomas Wolf
Thomas Wolf

Cryptowriter & NFTwriter Head of Artist Recruitment. I am a cryptocurrency advocate, a STEM undergraduate student, a nature enthusiast, a survivalist, a DIY specialist, and I'm a little crazy at times.


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