Curiousity
Daily Ramble
Curiosity may have killed the cat, but it helped me find my place in life. What do I mean? My life history has been traveled by following my nose: leaving life on the cranberry farm to pursue a Computer Engineering degree, only to abandon it for sandwich-making skills followed by a career in solar construction, world travel, and a fascination with money itself. Along the way, it was curiosity that drove each move. When the combination of boredom and creative interest alighted in a new passion, a new chapter in my life was born. While this may not have been a great way to craft a perfectly secure future for myself and my family, it’s been immensely gratifying and led to a life with few regrets.
Security is the bane of curiosity, though. It convinces folks that they need to cut off their noses to keep the bread flowing in their life. Unfortunately, I don’t think many truly understand that curiosity is the essence of you trying to express itself. Before I get too hippied out here, let me give a little breakdown of the human experience that most everyone I know has found acceptable. Do you believe you’re more than your five senses? If yes, you fall into the same camp 98.9% of people do — at least by my informal survey skills. What’s beyond the five senses can be argued about until kingdom comes, but it just means most agree there’s more to us than we can see, hear, touch, taste, or feel.
While I’m not going to label that “outside of the senses” part of us, I’m firmly convinced it’s what gives us our curiosity in life. As a parent, I feel it one of my biggest duties in life to be a sweeper for my daughter’s life path, to use a curling metaphor. That means I’ve got to keep my curiosity piqued to notice what’s catching her interest, then help her experience more of that. If she gets satiated of playing legos but earns a fascination in digging holes, I better find a shovel for her. Curiosity is the spark that, when properly flamed, turns into the driving passion, or passions, in our lives. And is there nothing better than living passionately?
Right now, my passion has coalesced into spreading Bitcoin knowledge. I’ll be sharing that on Saturday from 10 AM-12 PM at Coop Aldea in Janas. If you’re in the area, come by and say hello!
Favorite Things on the Interwebs Today
Stupid human tricks at their finest. Shout out to Hugo for the laugh!
Bitcoin Price Prediction
Yesterday: $53k - $60k
Today: $53k - $58k
Tomorrow: $53k - $58k
Boy, these last couple of days, the market put on its fear hat, going from $100k calls last week to $40k calls this week. When Bitcoin is in a bull market, and the market turns fearful, it’s a good bet that the bottom is close. It’s not to say we won’t go lower, but irrational fear on an asset that has the world on fire with interest does not compute. We’ve either bottomed or are very close to it. The real question is if this is a local bottom or a more permanent anchor to climb to new heights. We’ll know better when/if Bitcoin gets back to the infamous $60k target again. Most fascinating is how the $54k price range is also where Bitcoin gains or loses the $1T market cap evaluation. Until Bitcoin is firmly a $1T asset for a few months, I suspect some large institutional buyers will continue to sit on their hands.
What do I expect for the price here? A pivot and slow grind up to $58k - $60k.
Bitcoin Q & A
Q: Should I buy anything other than Bitcoin?
A: That depends on your risk tolerance and emotional fortitude.
Bitcoin is already a fairly risky asset for most, not because of the long-term investment thesis, but because it tends to emotionally unhinge people who can’t help looking at the daily price. It has a funny way of dropping 20% in a day, causing emotional tantrums at the paper losses…only to recover eventually.
Going into other cryptocurrencies can be quite rewarding, but if the moves of Bitcoin are too much to take, then alternative cryptocurrencies are not a good investment. If you can emotionally take the drawdowns and can’t help taking on more risk, I do not recommend dabbling more than 20-30% of your Bitcoin allocation into alternatives.
Thanks for reading,
Kent
Have you got questions or a “Favorite Thing on the Interwebs”? Comment below or reply and drop me a line!
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Me? I offer personal and corporate Bitcoin Implementation Strategies: setup, investing strategy, security, tax management, and inheritance. Contact me for a free initial consultation.