Wednesday, November 22, 2017

This Woman Thinks Bitcoin Is The Devil

This women is slightly insane, which means that I like her. That said, she also thinks technology (primarily in the form of cell phones) has turned us all into children. I understand -- the image of a teenager and an iPhone does not connote human progress, but this is the illusion.

At the heart of all her fears is an argument against "de-materialization" -- this is an agenda by the government to move everyone away from using money. The easier it is for you to spend your labor, the less you think about it. This is a valid concern, but the argument is specious. If bitcoin exits the room, the issue of "de-materialization" does not follow. Credit cards, debit cards and electronic wallets like Paypal are still present.

"I'm used to privacy and cash", she proclaims proudly. "Using bitcoin is akin to being microchipped." This is ironic because privacy, autonomy, decentralization and low transaction fees are the main reasons why people like bitcoin.

About mid-way into her interview it becomes clear that she doesn't really know what bitcoin is.  Her argument is old, stale. It sounds ignorant. What a brutal word, but it fits here -- I promise.

Why Am I Highlighting This Video?

I wanted to highlight this to show how someone with logic and sense can have no clue about bitcoin. Even the die-hard libertarian with disdain for the federal reserve still sees bitcoin as the devil.

Final Thoughts: Bitcoin Has Arrived

It's always good to understand how others perceive an asset. In this case, I see the misperceptions as opportunity.

If this woman knew the truth about bitcoin, she would be investing everything in it. She would see that the market, the free-market she so ardently believes in, has created a tool that the government cannot manipulate.

Bitcoin is an automation tool that gives back privacy. A tool that provides an alternative to the dollar and gold. A tool that connects all of us together, with no intermediary, no clearinghouse. We now have the ability to send an unlimited amount of money instantaneously across the globe for free.

There's no going back.

Bitcoin is the Internet of money.

If you like what you're reading, please join my mailing list to receive blog posts and updates as they occur. If you're an investor with all of your assets tied up in the stock market and cash, you might want to consider a few diversification strategies. Gold is the oldest asset in the world and it's inflation proof. Bitcoin is the gold standard for the cryptocurrency world, which is the fastest growing asset class in the world. Diversifying your portfolio into one or both of these assets can help to insure your portfolio against a stock market crash or inflation. Most importantly, it can help to safeguard the gains you've made over the last 10 years.

Please note that there are other companies that sell gold and Bitcoin on the market, and you should always do your research when making decisions about your portfolio. Just like your personal health, if you're planning on having major surgery, you need to get a second, and sometimes a third, opinion. You want to make sure your surgeon is good and has performed the procedure many, many times.  In the same way, you need to trust your broker and you need to make sure they are reputable. This is the process I used when looking for a broker to recommend.

Full disclosure: RegalAssets compensates me for everyone I send their way, but I would receive compensation from any company I chose to recommend. The only broker I'm recommending is Regal, primarily due to its innovative product offering in my favorite commodities - gold, precious metals and cryptocurrency like Bitcoin. They also have a distinguished track record for success (see below).

Next Steps: Use Regal as one of your options and compare against them. Your other brokers should be able to offer the same level of service and the same low rates. The kit is free and it will provide you with a basis for comparison. Don't wait, get started today. Fill out the form below to get your free investment kit.

If you're interested in learning more about gold investments, click here to receive a free gold investment kit from Regal Assets.

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