This has been a long time coming

in cryptocurrencies •  7 years ago 

First, I'm excited about this platform. Years ago, I had a blog that detailed some of my military life and the early parts of the war in Iraq. While my blog didn't get the attention of my command or any major news networks, I did have some journalists contact me asking to use excerpts from it. I tried to change the direction of it to avoid any negative attention from my superiors, but I just didn't have any passion for some of the random content I was trying to create.

Perpetual Wins was born out of my obsession with finding fun niches in life and making some profits along the way. I built out my social media accounts and just wanted to interact with people and give away plays (I don't believe in selling plays). The gambling side included playing blackjack and betting on sports. While those are fairly successful ventures, they aren't my full-time job and the sports betting side takes a ton of time to stay on top of things (which in turns sucks out the fun). Then toss in some day trading and boom... all your time is absorbed and it all starts feeling like stress.

I have studied economic theories and the history of money; how our fractional reserve fiat system grows the debt and how our debt has influenced global politics. These roads led me to physical silver and gold and later down the path of mining stocks (to include OTC and the wild west of mining, TSX). Miles later I stumbled upon the manipulation of futures contracts on precious metals and the work done by GATA to expose it. Such great work was basically ignored though by the CFTC and the price fixing continues. Sprinkle some "Flash Boys" (a book by Michael Lewis) and this last presidential election on top and you find yourself standing smack in the middle a manipulated society where doing the right things will just help you get along, but never ahead like those pulling the strings.

While my head was deep in precious metals, I quickly glanced at bitcoin; but was completely turned off by the mining aspect (this was circa 2011). After several months of hard OTC trading the last quarter of 2016, I once again stepped away from Wall St. games. The risk is high and the reward is clipped heavily by taxes, and then there was one other thing... getting my money. Settling times for trades and waiting "x" amount of business days before I could even initiate a transfer back into my bank account just fueled my anger. What's even worse than that, is then getting cash into your hands. Banks now want several days notice for withdrawals as little as 5k dollars. Now, granted most Americans can't come up with $500 dollars ( http://money.cnn.com/2017/01/12/pf/americans-lack-of-savings/index.html), but not only do they want notice; sometimes they want to know why I want so much cash. Where is the privacy?

Earlier this year while I was in bed. My best friend texted me and said Bitcoin had gone over 2k dollars. This was my defining moment when I understood it was taking hold. I set up a coinbase account that day and after days of verification I was finally able to make my first purchase. I was immediately turned off by the surcharge, but soon learned of bitcoin's volatility. Several more days, I was on Poloniex and looking at other cryptos... and the rest is history. Once I started shifting my bankroll and trading money over to crypto, I haven't looked back.

This year has been wild and eye opening. My best friend became a millionaire yesterday as Populous continues to moon. I expect some bumps along the way, but so far, it's much better than anything Wall St. gave us. I feel like my quest for blogging, freedom, trading/gambling and making money have all converged.

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