Follow these 4 rules will change your life.
Money is something that a majority of people do not master. The more I talk about money with people, the more I realize that many have a total ignorance of the subject.
It’s not that surprising. The education system has never taught you what money is, and even worse, how to manage your money in order to make the right decisions for your future.
There is one basic rule that you should have in mind, and it applies to all areas, and therefore to money:
“In life, it’s your ignorance that costs you money.”
So the less you know about money, the more you risk losing a lot of it. Whether you are very rich or very poor, this rule applies equally. …
The combination of these 3 properties is unprecedented.
Bitcoin is a unique invention in the history of mankind. The decentralized payment network created by Satoshi Nakamoto is unique. I repeat this constantly, as do all other Bitcoiners. However, many non-Believers or Altcoiners doubt the uniqueness of Bitcoin.
These people believe that Bitcoin will be technologically outdated in the future. Many take the example of Myspace, which had the first-mover advantage in the field of social networks but was quickly dethroned by Facebook.
Today, Myspace represents nothing, while Facebook is the undisputed leader in the world of social networks.
Bitcoin should be seen as a protocol before anything else
The first thing I want to say is that this comparison is totally wrong. It does not take into account that Bitcoin is a protocol. It operates at a lower level than Myspace. When you think Bitcoin, you have to think TCP/IP layer of the Internet. Bitcoin is the money protocol for the Internet that comes in addition to the other protocols that support the Internet…
The attacks that have been multiplying against Bitcoin over the last month are proof of this.
The year 2020 will have reminded us all that the world we lived in was more uncertain than ever. A pandemic on a scale not seen in decades suddenly hit the world. It then unleashed an economic crisis of phenomenal violence.
All the certainties that some people thought they had collapsed.
The only certainty about the monetary and financial system that we could have afterward was that central bankers and governments would do everything to save it. The citizens of the world were going to foot the bill, but that system would be saved. …
The Fed dictates the game, you have to adapt to take advantage of it.
In the world of investment, some adages are often repeated. Among these adages, there is one that is perfectly suited to the situation we have been experiencing since the beginning of the COVID-19 crisis. This adage is easy to remember:
“Don’t fight the Fed”
This adage is based on a rather simple observation.
In today’s monetary and financial system, central banks dictate the rules of the game. As the central bank of the world’s leading economic power, the Fed is obviously the one dictating the rules of the game to the rest of the world.
When the Fed decides to print more than $3,500 billion out of thin air as it has done since March 2020, other central banks generally follow the same approach. Thus, the Fed exports the monetary inflation of the U.S. dollar. This is the famous exorbitant privilege that the U.S. dollar confers on the United States. …
Bitcoin responds to the problem of trust in society.
Often referred to as a logic diagram, a Venn diagram is a diagram used to show all possible logical relationships in a finite collection of different sets. Venn diagrams were invented in 1880 by John Venn, who was a renowned British mathematician and logician.
Recently, I saw a Venn diagram appear on Twitter to show what was driving more and more people to buy Bitcoin. Here is the famous tweet:
First of all, I must say that I find Joumanna Bercetche’s idea very interesting. …
His ability to always learn new things is key.
In the first days of 2021, a small event shook the world of the ultra-rich. Jeff Bezos lost his position as the richest man in the world. This is an event because Jeff Bezos had held this position for many months now. The surprise was even greater for some to see that the one who had just passed Jeff Bezos was none other than Elon Musk.
The founder of Tesla and SpaceX had a fortune of “only” $20 billion at the beginning of 2020. …
They sell too early.
More than 90% of the people who come to buy Bitcoin do so in the hope of becoming rich. When I write these kinds of numbers, I always have some sad spirits coming at me with comments saying something like: why 90%, what’s your source?
Yes, I don’t have a precise source to say that the number of people who come to buy Bitcoin just to get rich is 90%. It’s just a feeling I share with you here. The number could be 88% as well.
In the end, what I’m trying to highlight with this number is that the majority of people still see Bitcoin as a get rich quick scheme. I constantly repeat that Bitcoin is not about money, but rather about power. This message needs to be repeated constantly because all newcomers to this world always think of making a fortune first. …
The U.S. dollar is the favorite currency of criminals.
January 20, 2021, is a special day for Joe Biden. It is indeed the day he will become the 46th president in the history of the United States. Everyone hopes that the departure of Donald Trump from the White House will lead to a more peaceful presidency in the coming months.
In recent weeks, appointments to key positions in the Joe Biden administration have been announced. Among the important positions is the one that Gary Gensler is expected to hold as head of the SEC (Securities and Exchange Commission). …
Profits are scalable, Labor is not.
In the world of personal development, Jim Rohn is a true legend. You may not have heard of Jim Rohn, but you must have read one of his famous quotes at least once in your life.
Born in 1930, Jim Rohn made his fortune in the 70s and 80s in the United States. He was an entrepreneur with a true business sense. He was a mentor to Mark R. Hughes, the founder of Herbalife International, and the famous coach Tony Robbins. Robbins is full of praise for Jim Rohn.
Here is an excerpt from the book “Unlimited Power” where Tony Robbins talks about the essential things that Jim Rohn passed on to…
Freedoms Bitcoin gives you are priceless.
Bitcoin is the only truly free market in the world. Its network is constantly in operation. The uptime of the Bitcoin network is 99.985% since its launch by Satoshi Nakamoto on January 3, 2009. Bitcoin users can freely send, receive, and hold Bitcoin at any time.
They are free to sell their BTC against fiat currencies if they wish to do so. De facto, Bitcoin’s price volatility is a feature, not a bug. In March 2020, the price of Bitcoin dropped more than 50% in a few hours, and its price hit an annual low of $3.8K.
At this time, nobody has stopped trading in the Bitcoin world. Nobody can stop the Bitcoin network. Users are the only ones able to decide on the equilibrium price for Bitcoin. Here you can see a notable difference with what is happening in the stock market in the United States where circuit breakers are applied. …
