As a retired boomer, my impressions of Bitcoin coincided with my transition away from the traditional financial system. It is as if I was suddenly awakened, liberated from tyranny, and set on a new course in tune with present and future realities. Let me explain. I was . . .
Awakened. . . from the stupor of a lifetime of participating in the financial marketplace that feeds on people like me and my hard-earned savings.
Liberated. . . from the tyranny of the so-called wisdom of self-serving financial experts whose dictum is “Buy and hold.” / “You can’t time the market.” / “Over time, the market goes up — see the graph of historic growth?” / “If you cash out and wait for the risks to pass, you will miss the days with the greatest increases.” Are these scare tactics that financial experts use to keep people invested in THEIR funds? Methinks so.
Traders, brokers, and financial advisors take rich salaries, work in beautiful offices in glass skyscrapers, earn income for shareholders, and pay dividends to the richest of the rich. That money comes from somewhere — from people like you and me.
Disruption
Stepping away from that system, I had to invest time to learn about the marketplace. The greatest lesson is the history of how and why currencies are created and why today’s dominant fiat currency, the U.S. dollar, is collapsing: years of quantum easing (printing money) increases the money supply, which reduces…
