An Inner Monologue
I feel physically ill writing my first note to the void. A symptom of taking the right step in life is general uncomfortable-ness, so I know I’m doing the right thing. The same thing happened when I started a blog in 2012 to document my world tour. Breathe, continue, and …
What is this? I’ve lived an interesting life and think I’ve got a unique view of stuff. Time to share. If no one joins this enterprise of mine, I’ll know I’m drowning in my own hubris — it wouldn’t be the first time. All the internet marketing geniuses say it’s a waste of life to just write about any old topic without having a set game plan. But that is my plan. Be authentic, see what sticks, and move forward.
My days living out of a backpack taught me that the paths worth traveling aren’t from the head but in the heart. And figuring out the heart’s desires takes forward motion — literally being in the body and feeling. Today’s note is forward motion. That’s it. Ok, and maybe something interesting to someone.
Favorite Thing of Today
My favorite bit of daily discovered content. Feel free to send me something you think is worthy.
Bitcoin
Bitcoin’s price is hitting that part of the cycle again where friends and relatives who know I’m passionate about the digital critter are starting to hit me up. I’ll break it into two sections: price and thoughts.
Price
Price is what attracts everyone to the digitally native organism. This is a chart-free update meant for non-traders but is based on a deep understanding of technical analysis.
Today is another “up and to the right day.” Bitcoin broke above $17k already and is showing no signs of slowing its roll. A range of $16.5k - $18k is most likely today.
The continual grind upwards, which started mid-October, shows there’s a good chance that this accumulation by smart money is set to take us past the previous all-time high of $20k before too much longer. This is Bitcoin’s fourth cycle and if history is a good gauge of the future, pricing the next top is a fool’s errand, but I am anticipating pricing reaching a blow-off top in the $100k-$350k range. If you think Bitcoin is too expensive now, you don’t get Bitcoin.
Thoughts
The Bitcoin bug bites everyone eventually. It’s because the design of the system uses human greed as its adoption mechanism, and part of being human is being greedy. Like it or hate it, it just is the way it is.
How does Bitcoin utilize human greed to grow? The price increases, aka Number Go Up, attracting humans like moths to a flame.
Why does the price go up? A fixed supply of Bitcoin against increasing demand causes Number Go Up.
How do greedy people help? We either buy Bitcoins causing more pressure on the price or we mine the Bitcoins. Those that mine are rewarded with new Bitcoin for ensuring transactions are secure on the network. The more miners, the more secure the network.
Enough Bitcoin for one day. It’s complex and worth taking in small bites.
Thanks for reading,
Kent
Reply and get a response from the real Kent. No bots here.
Nice post!! Look forward to the next💪