Real Money Moves Markets Good morning, nothing really technical here today folks just a reminder that one Geopolitical Event In Ukraine caused the market to move sharply to the upside. The power of real money cannot be denied during times of Bank Freezes or even Invasions & Occupations. Bitcoin passed the test once again, when millions of people donated BTC to fund Ukraine's Military. Over the last few weeks a colleague approached me in different ways sneakily trying to ask for crypto advice. I have to be honest, to people who aren't in the market & are clueless about the technology Bitcoin seems like some secret Cabal. Every few years people ask me randomly what coin they should buy. After six years the answer is always the same. I suggest starting with Bitcoin. If anyone is managing a portfolio BTC is the best way to start, it's the best investment, the best money, the most liquid cash, the most secure, it goes on & on. But for some strange reason, they think I'm lying or keeping secrets, or worse yet, I'm supposed to teach them portfolio management FOR FREE. This colleague, said his organization had access to large sums of cash sitting in a bank acct. A regular acct not a business acct. He asked what was the best thing to do? I suggested buying BTC & collateralizing it back into dollars 50% at 1% interest. The Org would have had tens of thousands of dollars to advertise, to do community events or for projects within the facility...The following week the conversation shifted to Akoin being some kind of solution for people in Senegal & potentially for black Americans here in the US. I was floored. After six years of teaching BTC, I had to start all over with the basics. My new approach is not to bash sh!tcoins but to allow people to fail, I do research on the projects then get back to "investors" with the good the bad & the ugly about their latest lotto dreams. After a few short conversations about the idealism behind Akoin or rather the appeal my colleague told me he hoped I was wrong or that he didn't want what I'd said to be true. I have no other choice but to believe he bought Akoin when BTC was dipping. The weight of the words "I don't want to believe that & I hope that's not true" were devastating. And this is the reason portfolio management conversations cost money.
What do you think?
Did you buy the BTC dip?
How do you handle no coiners?
Most diplomatic way to handle sh!tcoiners?
Disclaimer: In no way should my remarks or the context of coin discussion surrounding Geopolitics, Nation or Country of Origin to be considered disparaging. In fact if you're interested please see the latest developments regarding Senegal's adoption of Bitcoin.
