Bitcoin price explosion with Luis Fernando Mises (video/podcast)

3 months ago

bitcoin price explosion steemit.jpg

In late 2013, the price of Bitcoin started exploding, going from around $120, to close to $1200, within 3 months. People in the digital currency realm were stunned and amazed, and many people (including myself) started buying up currencies, chasing the Bitcoin bullet train. "This time it's different," we thought. "Who knows if the price will ever come down?" we thought. A few months later, the price came rolling down, eventually settling around $450. A lot of people surely lost a lot of money in those months, buying high and selling low. That was when I learned a simple lesson: the best time to buy an asset is when nobody gives a shit about it.

Now it's June 2017, and in the past three months we've seen Bitcoin shoot up from around $1000 to more than $2500 - even to $3000 in some markets. I see people on social media boasting about their winnings, parading the fact that they have assets worth hacking. I tell them to be careful, that trading at all time highs can be a recipe for disaster. They tell me "The dollar is crashing against crypto!" and "This time it's different!" I know some will probably lose a lot when the bull market ends, still believing that they're digital currency genii and know how to pick winners. Others will prudently and consistently take profits, and wait for another opportunity to buy big.

In this episode, I welcome back Luis Fernando Mises, business consultant, entrepreneur, spiritual healer and digital currency investor, to discuss the latest rise in Bitcoin and altcoins, and what pitfalls people should look out for. We talk about ease of use in virtual currency, potential problems with Bitcoin, and spiritual perspectives to be gained when you lose a lot of money. We also discuss the problems with gossip in the liberty movement, how many are focused on the "telenovela" of liberty, and how that energy can be directed into something more fulfilling.

Join us on another bank-breaking episode of ... The Paradise Paradox!

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View the full shownotes here: Bitcoin Price Explosion - Luis Fernando Mises: The Paradise Paradox Episode 167


About us

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The Paradise Paradox is a podcast where we talk about crazy ideas for open-minded people. We cover topics such as crypto-currency, technology, politics, economics, freedom, free-thinking, and psychedelic experiences.

We're reposting our content from our website. To confirm that it's really us, or to read the full shownotes including related episodes and pertinent links, go to The Paradise Paradox

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I am a fan of Luis F Mises and love that you are sharing and promoting what he shares

Great post Thanks :)
And I like the sound of your Podcast Ideas!
You have a new follower and Up Vote!!

this was so much fun <3

Yeah. I wish I got in 3 years ago.

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Still plenty of opportunities to make money in crypto... it's still early days really.

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Yes and no. For the ones coming in now I think the timing is off unless they will surely buy and hold longterm. It is early days but for anyone who's been around long enough in Crypto knows this run can't go on forever without retracing some gains back first.

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Right, I agree. I didn't mean to buy right now.

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Oh of course. That's why in now. Especially with steem.

Good points in this article. Interesting to see I'm not the only one that is thinking about this. The current total market cap of all cryptos might seem high but blockchain is here to stay and will involve all our lives. I do see a bright future for everyone that's hold's their coins with a long term vision. Does anyone know about: https://www.coincheckup.com I'm really enthusiastic about this site, they let you analyze every single coin out there. Check: https://www.coincheckup.com/coins/Bitcoin#analysis For a complete Bitcoin Investment and research analysis.