.. however, part of the problem is then attempting to figure out where I would like to put such extra cashing out value... There will be a bit of a dilemma for me, that it would be better for me to attempt to resolve ahead of time, rather than trying to figure out that channeling of funds issue during another exponential BTC price rise, if that were to come again.
Help others ... give them both the advice of your more than 30 years experience as well as a little start ... your prodigy just might be the next Warren Buffet.
But that is exactly what JJG does. Be could blooded, not frozen, not boiling and thread lightely so no bull or whale or bear hears your steps... .
Some dislike JJG long discours, but mostly he is saying interesting things. And just as everyone of us he also sometimes has a grumpy day... .
I meant something more substantial than just ... more than words ... There are people out there who are less fortunate than others, who don't have a roof over their heads, who don't know where to get their next meal, but could, one day pay it forward if only given the chance.
The younger generations are always the future.
He does say the right things particularly about traditional investing because those things do have 30 to 50 year histories. The stock market as we know it has been around for at least a hundred years, and before that ownership of corporations or large entities have existed for hundreds of years before that.
Trades were made on paper, on the "trade floor" ... eventually running on sophisticated software on mainframes and computers.
In all that time, or at least the most recent 50 years, the stock market of the entire world has been going up relentlessly, because all corporations exist to make profits, and those that remain on the major indexes, like the DOW JONES or the S&P500 ... they are "self-cleaning" ... Amazon and Microsoft were not in any of them 20 years ago. Today they are.
Just like, bitcoin did not exist 10 years ago. Now it's 200 billion total market capitalization with an absent founder, who hasn't touched any of the mined coins, coins mined because no one else would at the time, and that continues to evolve. It has a life of it's own, aided by the tens of thousands of full nodes and hundreds of countries around the world, and the millions of miners and 100 exahashes of computations per second, with a conglomerate of non-related and often competitive exchanges that provide the most liquid asset class across international borders, that now even world leaders pay attention this whole bitcoin thing.
Nothing else comes close.
The institutions are coming.
The bulls are coming.
Some of us won't be able to ride the wave (I am thinking I am one of them) because they've got nothing else and lost it all or are even negative.
Bitcoin is going to provide a lot of opportunities that were not available through traditional investing over the last 100 years like you mentioned because those investments were largely unavailable to regular peeps in terms of being able to invest in small quantities and not needing permission.
Therefore, anyone can get into bitcoin, and likely be able to profit from bitcoin, whether that is directly through their personal investments into bitcoin or indirectly because of the more responsible sound money incentives that bitcoin creates and likely will inspire traditional institutions and existing governments to be more responsible with their monetary policies.
Of course, if you personally know about bitcoin, then you are in a much better place to be able to profit directly from where bitcoin is and where bitcoin is likely to go and currently, based on such knowledge should be inspired to attempt to get your financial matters in order to the best of your abilities, even if you can only afford $5 per week or some other modest investment amount.
Thereafter, the more that any of us strives towards getting our financial houses in order by either saving more or spending less (or maybe even attempting to earn more or to pay off our debts), then the more we will be able to invest into bitcoin and to directly profit from seemingly likely upcoming BTC price appreciations that are likely to continue for the next 50 years or more and if matters play out more or less in a sound money direction.
From my own perspective, it seems that it still is not too late for peeps who know about bitcoin to work towards accumulating and holding whatever BTC that s/he can get his/her hands on without getting distracted by shitcoins, scams or other forms of desperation, gambling or over-leveraging to attempt to find a balanced financial and psychological approach to the bitcoin situation that we currently have in front of us.
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Is this your best JJG?
Your observation seems quite correct, Hueristic. My words remain materially inadequate and insufficient in the eyes of Dabs.
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