Bearcoin Bitcoin

Back in December, when Bitcoin was $20,000 momentarily, we thought by this time of year, we’d be dollar millionaires.

Well that hasn’t quite worked out, has it?

So what you gonna do?

Do what you did back in the last bear market, in the aftermath of the Mt Gox crash. Focus on bitcoin’s fundamentals by bonding yourself to, for example, Andreas’s videos.

Bitcoin ain’t going away. This unhackable Internet of Money; this peer to peer digital gold/store of value will ultimately come back.

A couple of years ago, if memory serves me correctly, our holy bitcoin rose a hundred percent. And in the following year, at its peak in December, it was up 20 fold.

So there’s nothing wrong with a massive pull back, which for long term holders, is standard operating procedure.

No, Roger Ver, bitcoin is not a horrible user experience. It is the future of money, and no, Bcash is not the real Bitcoin. Bitcoin is the real Bitcoin.

As you know, I’m not your financial advisor, but if I had some spare cash lying around, I’d be buying up these super bargains.

(The photo was taken yesterday in a Keihan train in Kyoto. We can see the Japanese bitcoin exchange, GMO Coin, advertising its services. Japan is indeed a bitcoin friendly nation.)