RE: Market rebounding nicely. But research the fundamentals

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Market rebounding nicely. But research the fundamentals

in bitcoin •  7 years ago  (edited)

I got in recently in the world of blockchain, and this is what I have been telling my friends who also are interested in this new revolution. Sure, right now, we can make some profits by trading, but this only focuses on the price of coins. There is a much bigger opportunity here. We are witnessing the creation of probably the most sophisticated social, economical and political system EVER. The system is already complex but try complaining to the people who will start entering it few years from now. They will claim that we got it easy, because the system was still relatively simple to comprehend. They would not be wrong. This system will exponentially grow in size and complexity. You think reading a white paper now is hard? Try in 5 years ;-)

We need to start imposing some control over the short-term desire for rewards, and dedicate some time to actually getting the philosophy of each coin. The more time passes, the more noise will enter the sphere in the form of information. The longer one waits, the more reading and filtering one has to do in order to isolate the philosophy/principles of a coin. Believe me, I am no saint. Every day I say to myself "I should read the white paper I downloaded last night...." and then my twitter says "buy ***! It is about to shoot!!!". Then the primal in me takes over and I see nothing but numbers, instead of the future.

If we fail to comprehend the philosophy of crypto, our early entry advantage will begin gradually to disappear. This reminds me of an old story. I had an early entry on the internet back in 1994. I remember that most people didn't know how to use it and i was a big user. But never really cared to learn the technology. Then it wasn't long before two of my friends invited me to do my first geopages site using html. I was like "oh no! I hear this html is really hard. I will stick to clicking on things in my Netscape". So, I never jumped on that. Then around 2002 I got on the web development train. It was already too full! I felt I was overwhelmed. Too many things to learn too quickly. I am not saying that it was impossible for me to become profitable in the web development business in 2002, but it was 10 times harder than it would have been 7 years earlier.
So, get on these white paper and start thinking. The market will stabilize in 2 years and these big profits will be gone. By that time the action will be in knowing and feeling the system.
Now, I got to go read my white paper, but before that, let me check twitter for some trading tips ;-)

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