Crypto Prophecies
Thanks to @dougkarr for the amazing Photoshopping job.
A little more than seven years ago, on May 22, 2010, a developer bought two pizzas from Papa John’s Pizza using 10,000 units of a currency few on the planet had ever heard of, Bitcoin.
Things have changed drastically since then. Cryptocurrency is transforming people’s lives profoundly. Last week I purchased a 2016 Toyota Prius for the equivalent of 1.5 Bitcoin (based on BTC’s value when I bought the car.) I know it’s not a Lambo but it does get 55 miles to a gallon of gas. The Prius is like piloting a spaceship compared with driving my previous car, a 2010 Honda Fit and seems like a logical choice before I eventually make the leap to a Tesla. Technology, and the world, are moving at such a rapid pace.
It’s easy to lose sight of just how valuable cryptocurrency is if it’s locked up in a wallet or on an exchange. I think it’s good, even for the HODL’rs to cash out a small bit from time to time to truly remember and appreciate the incredible value of this crypto/blockchain sector. Cryptocurrency becomes very real when you make a purchase with it and experience its value in real world terms.
I realize there’s even more gravitas surrounding the crypto/blockchain sector in the developing world. In their case, cryptocurrency can make the difference as to whether or not they, or their children, have enough food in their stomachs to survive another week. It doesn’t get any more real than that.
This morning, as I type this, my portfolio is in slow recovery from the recent crash. At its worst, it was down nearly forty percent. Volatility is the price we pay for being early adopters. I’ve been in the game long enough to know it will bounce back but dips like this still leave a psychological mark, each and every time. Market corrections are healthy and each time the market bounces back and blows past old price ceilings I have more faith in the resiliency of digital currency and more hope for the future.
From the news of Korea barring crypto trading to China’s recent announcement of banning its citizens from foreign exchanges, to Jamie Dimon’s nonsense, through these last few months I’ve watched, wave after wave of orchestrated efforts to strike at the heart of the market and bring this crypto/blockchain movement down or manipulate it for their own gains.
What Will The Future Bring?
No one really knows what tomorrow will bring. A good rule in crypto (as in life), if someone claims to be a prophet, run the other way quickly. That said, the people whose opinions I value the most are predicting this will be another record year for the crypto sector. I’ve shifted my focus away from low sat coins to only quality coins that have stellar dev teams and real world uses for their tech.
I’m, slowly, beginning to inhabit more and more in this crypto space and less in the “old world.” As I do this, I see my perspectives shifting, my world shrinking, and my potential expanding. I really do think this technology is the key to making our world a better place, or at least the spark that will start the fire.
This adventure has turned into so much more than I ever could have imagined when I began writing on Steemit in July of 2016. In the past eighteen months have quit my job to pursue my passion, have traveled to Europe twice, have spoken at two SteemFests, and am working on what we hope will be transformative film series (HardFork) with a team of friends that I love.
In a few days we’ll load up the Prius for a road trip to Brooklyn to spend two weeks of intensive writing on the HardFork series. This is truly living. If it all ended tomorrow I’d still be smiling for the rest of my days. That’s all that really matters.
Please follow our official Steemit account for the film series @hardfork-series. Did you miss our last post? If so CLICK HERE to read it!
*I am an American novelist, poet, traveler, and crypto-enthusiast. If you’ve enjoyed my work please sign up for my author newsletter at my website. Newsletter subscribers will receive exclusive updates and special offers and your information will never be sold or shared.
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Looks like a Lambo to me! Woot woot!
Next stop BROOKLYN!
Can't wait!!
It’s the closest I’ll ever own to a Lambo. 😊 can’t wait for Brooklyn, brother!
Awesome! I am considering buying at new car this year using crypto profits as well...it's nice to make the digital physical!
Thanks! I'm looking forward to seeing what you get. I'm loving the Prius so far.
I like how you said "its good to cash out and use a little bit of crypto from time to time to remember just how real and valuable it is!"
Its ReALLY hard for me to do because every couple months its worth MORE than it is NOW. Soooo being the BIG PICTURE guy all I see is LOOSING MONEY hhahahaa though I am very happy with my simple life and got used to living on less than homeless people YEARS ago!
Love ur posts, thanks for sharing!
SteemON!
wow.. nice car,, I hope someday I get that car ahahaha. By the way nice post
Thank you!
Yes ....cryptocurrencies changed our life completely but i believe that good things are yet to come. Very beautiful car by the way.
Thank you! I believe the best is yet to come too. I think blockchain itself will be the big game-changer and will make our world more more transparent and equitable.
Enjoy your new car! It's the right colour too! ;)
Thanks, I am Michelle! We just drove it to NYC and it averaged 52mpg at an average of 75mpg. Not too bad.
Cryptocurrency doesn't seem like real money until you actually buy something with it. I felt the same way, and then I saw it in my bank account and that was the epiphany moment for me.
You're right, that's when it stops becoming "magic internet money" and is real. It's a pretty crazy epiphany at first.
By the way, I wonder if the person that spent 10,000 bitcoin on a pizza regrets it? :)
Perseguir los sueños es de personas muy valientes arriesgar y apostar por lo que se quiere es una decisión que cambiara tu vida y el destino de esta dependerá de la fe y confianza en dios. puedes transmitirle eso a muchas personas que necesitan ese empujon.
Sí, es una lección que aprendí más tarde en la vida, pero cada vez que tengo fe y sigo mi pasión las puertas se abren. ¡Gracias por tomarse el tiempo de leer la publicación y dejar un comentario!
NO gracias a ti porque a veces necesitamos que alguien nos guié y nos de con sus propias experiencias eso que nos hace falta que es creer en nosotros mismo desde mi corazón te deseo todo el éxito del mundo y que muchas personas aprendan de ti
There are few feelings as satisfying as living in the center of one’s purpose.
Have to agree about cashing out some crypto here and there - it helps it all feel more real.
It's such a good idea to pull little bits out on a regular basis, it's a good hedge against all of the risks and why shouldn't people pay themselves? This is a lesson that @dougkarr convinced me of.