Why Bitcoin and Cryptoassets are NOT Stupid

Did you read Mr. Money Mustache’s newest post titled Why Bitcoin is Stupid? You should, regardless of what you think about bitcoin and cryptoassets. I like Mr. Money Mustache and have been following his blog for years. Probably 3 or 4 years. I’ve read every single one of his posts, because he always gives great advice.

With that being said, I have to say that his latest article on bitcoin and cryptoassets has to be one of his worst posts of all time. I, usually, agree with everything he says and writes about, but that didn’t happen this time.

After reading his post, I got the impression of someone who didn’t do all the research they claimed to have done. MMM (Mr. Money Mustache) claims to have done his homework, but I didn’t get that vibe at all. It sounded like he found a few articles on the subject and shortly after felt confident enough to write an article trashing bitcoin and cryptoassets.

Of course, I know that bitcoin and the crypto world has its flaws (we probably are in a giant bubble), but to recommend that people completely stay away from ALL cryptocurrencies is stupid.

Should you take out a mortgage and invest it into bitcoin? Hell no.

Should you dump your checking account into bitcoin? No way.

Should you empty out your savings account into bitcoin? Don’t do that.

Should you take out credit cards and max them out on bitcoin? Definitely, not a good idea.

But, should you invest zero dollars into bitcoin and the other cryptocurrencies? Hell no!

It would be equally as stupid to completely stay away from all cryptocurrencies, as it would be to over/ dangerously invest in them.

Cryptocurrencies are here and they’re not going anywhere. Blockchain technology is here too and it’s not going anywhere.

It would be ridiculously stupid to watch it all unfold completely from the sidelines. Why not dive in and research some of these amazing projects? Find out which ones you think are great companies. You have a brain and you probably have your own opinions. And, if you get the urge, what’s the harm in investing a few hundred dollars on your favorite coins? Just be very smart about it. Read The Intelligent Investor and Cryptoassets: The Innovative Investors’s Guide to Bitcoin and Beyond if you decide to go that route.

Back in the dot com bubble some people invested in Amazon, Ebay and Priceline, and those turned out to be great companies. The thing is, the next Amazon is on Coin Market Cap dot com. Why not take the time to learn about a few of these cryptoassets, and educate yourself? Everyone agrees that blockchain will be a part of the future, so why would you choose to remain ignorant on the topic? Now, that’s stupid.

If you don’t believe any of the cryptocurrencies you’ve researched have future potential (there are a lot, so you won’t be able to get to them all), then don’t invest your hundred dollars. That’s perfectly fine. At least, at that point, you’ll have a decent understanding of what bitcoin and blockchain is.

MMM’s article really surprised me. Comparing bitcoin to his nail clippings? Come on, are you serious? If you don’t want to invest, that’s fine, but don’t continue to go about your days thinking that bitcoin is as valueless as your nail clippings and tulips. That’s plain stupid.

****This is not financial advise. I’m not a financial adviser.****

On being sad and depressed

Why is it that you’re so sad and depressed? Especially, if you live in a prosperous country (U.S.A.) and live a relatively good life?

The issue can be that your life is so good that you actually have time to get bored and sad. People who live in more challenging areas, such as Brazil, don’t have time to get sad and depressed. They always have to remain on the move to survive. Having the time to be sad would be a luxury for them.

If you’re sad and depressed, try to challenge yourself day in and day out. Clearly, you have too much time on your hands to dwell on those few things you don’t happen to have in life. Create a list of tasks that’ll pose a challenge for you to complete.

Do something before you become addicted to the negative and depressed emotions. Embrace your emotions, but then get over it. You can’t waste your entire life sitting around being sad and depressed. It’s time for you to create a challenge for yourself, and purpose to your days.

Sometimes an alcohol hangover, bad diet, lack of sunlight or lack of exercise can be exacerbating the issue. If you know you’re slacking in those areas of your life, then it’s time to get them fixed. Now is the time to get the ball rolling.

I’ve visited family in Mexico who are so poor that they can’t afford to live in a home equipped with an indoor kitchen. Their kitchen is a grill outside. When I went to their house to visit, with my Uncle, they offered us corn on the cob. They mentioned that they had been eating corn on the cob all week, for every meal of the day. That’s all they could afford to eat for the week. They weren’t even sad about it, because they mentioned it casually.

They were very fun to be around. They spent most of their time smiling and joking around. They had a difficult life in Mexico, but were a lot more happy than some of my family and friends here in the good ol’ U.S.

That’s probably one of the biggest realization I made while visiting Mexico. That you don’t need anything to be happy. Happiness is a choice. So, if you’re sad or depressed right now, make the choice to be happy.

Bitcoin is Digital Gold

Have you heard of Bitcoin and blockchain technology? If you haven’t, then do yourself the favor and look into it. This is the next technological revolution and you’re still not too late. You can learn about blockchain, Bitcoin, cryptocurrencies, ICOs and hopefully make a few moves that will pay off for you, financially, in 1 – 3 years.

I’m not a financial adviser, nor is this financial advice.

I’ve wondered how cool it would have been to be aware of the internet revolution while it was happening during the 90’s. Imagine the websites I could have launched, domain names I could have bought and investments I could have made (Amazon at $1 per share!).

Well, here is my new chance. It’s call blockchain technology. It all started in 2008 with the creation of Bitcoin. Yes, I wish I would have known about this world years ago, but there’s no point in thinking about that anymore. I finally looked into Bitcoin around 4 months ago and I’ve been learning as much as possible every single day. It’s a new and insanely exciting world. The more you learn, the more you realize you don’t know.

Yes, I do own Bitcoin and a few other coins. Once you dive into this world you quickly begin to realize that blockchain is going to change everything (like the internet did). Some believe that it will take over 10 years for that to happen. I think back at how quickly smart phones took over, apps, and social media. Taking that into consideration, it’s likely that blockchain tech will change everything a lot sooner than 10 years.

As new technologies continue to emerge, we’re adopting them at a quicker rate. We’re far more accepting of life changing technologies than we were before the internet.

They’re saying that Bitcoin is digital gold, and from what I’ve learned I agree. Today, Bitcoin hit an all time high which was slightly over $8,000 per bitcoin.

Morning Routines are Important

I like to think that morning routines are important, but there are many people out there who get along perfectly fine without a specific morning routine. If you listen to the Tim Ferriss podcast you’ll notice that a lot of successful people have specific morning routines, and a lot of others have no such thing.

Some of those successful people wake up, eat a specific breakfast, meditate a certain way, perform a specific exercise routine, while others simply roll out of bed and begin working. But, maybe rolling out of bed and beginning their work, immediately, is their morning routine.

Who says a morning routine has to involve more than one activity?

If you’re the type of person that feels perfectly fine getting out of bed and heading to work right away, then maybe that’s for you. If you’re unhappy with your days, and productivity levels, then maybe you’ll do better with added structure to your morning.

I noticed that I have better days when I execute my morning routine. I can ignore it for a few days and feel fine. But, if I skip my morning routine for more than four days I begin to feel off. It’s hard to explain, but I’ve come to the conclusion that I like waking up early and doing my usual morning routine.

I’ve told close family/ friends, and they think it’s odd that I wake up so early to mediate, read and eat breakfast. But, I think it’s odd that they wake up, and 15 mins later they’re heading to work 🙂 .

We’re all different. If you like how things are going for you, then keep your morning routine. If you feel like there’s room for improvement, then experiment and try something different tomorrow morning. Life is a big experiment, and there are very few out there who know how to live it right.