On The Path To A Fairer Future!

in #joy7 years ago (edited)

Cryptocurrencies are the best investments of all-time and still the best performing financial assets of the last 3 years. Assets with such charateristics are exactly what the richest and most powerful people are always looking for and exactly what the poorest of the poorest can only dream of.

Not only are these assets the best investments of all time and still the best performing of the last years but they are reducing governments power and redistributing them in the hand of the people. This is also exactly what everyone is looking for rich or poor.

Everyone is under the threat of a government. Everyone is trying to protect themselves and their wealth from governments' reach.

Cryptocurrencies Are The Only Logical Investment Left

National Currencies Are A Bad Investment


Cryptocurrencies aren't backed by much, some microchips a few lines of codes and a bit of electricity, yet this makes them infinitely more valuable than any national currencies which are in fact created by some unknown man with the sole purpose of accruing their power on all of us, dividing and pitting us against one another.

Company stocks are also leading to the same kind of destructive competition while cryptocurrencies are creating beneficial competition. They are also much better investment than company stocks. This is discussed in more depth at the end of this post.

Fun fact, steam-electric power plants, produce about 86% of all electricity human generate. [unreferrenced: wikipedia]

Governments Are Oppressors


Governments are a mafia because no one can enter in an agreement with someone who are threatening to imprison them if they don't agree with them. In this situation no real agreement is possible.

Whether or not these nations are controlled by some shadow governments or not is beside the point, the situation billions of people currently live in is so terrible than most of us don't even dare to think about it, even less speak about it publicly or imagine ourselves in those people's situation.

Goverments Lead To Genocides

As Jean Ziegler, UN Special Rapporteur on the Right to Food said: "Anyone dying from hunger was dying from murder". [source]

"Thirty-five million people die each year from hunger or its immediate aftermath. – One billion people are permanently and severely malnourished" [source]

No matter what the exact numbers on this are, the whole situation is even worst, all of this by government's design, lack of power or will. Don't fool yourself, the current situation is a designed one.

The numbers aren't even taking into account those who have something to eat but live under the constant threat of being attacked by those who don't or because their vile environment has given them no better option.

The numbers also don't take all the other hardships humanity is going through which are the direct results of governments' policies.

"Almost 70% of the 1.3 billion people living in extreme poverty are women." [WHO]

Note: The United Nation is a supra National agency and is not a solution to governments. It was in fact created by them.

Freeing Ourselves From Governments


Government are never going to solve these issues, they're the one in power and the one who created them. They have used money they created out of thin air to divide and rule over nations and we will use cryptocurrencies created out of human ingenuity, code and electricity to unite and free ourselves from those same governments.

How things will turn out is pretty much out of our hands but whether or not we try is not.

Learning To Invest Into Cryptocurrencies

The Best Time To Invest Is Now!

The best way to begin benefiting from cryptocurrencies is by investing now. Don't wait. Don't push it back. Just don't. I waited and waited and waited for whatever reasons. This was back in 2011 when Bitcoin was around 10$. I lost tons of potential profit, hundreds of thousands if not millions. We all waited and regret it.

So if you want to invest, don't wait. That's my first advice. Back then it was much harder to buy Bitcoin and it's still much harder to buy Bitcoin than buying most thing but that wasn't a valid reason to push it back back then and it isn't one either today.

Look Bitcoin has gone up 71% in the last month, 655% in the last year. I think the case for people not to wait is overwhelming.

Your Initial Investment Is Crucial!


My second advice would be, if you plan on investing, go as big as you can possibly afford right from the start whether it be by taking a loan or just maxing out a credit card. I'm not saying anyone should risk all of their life savings or anyone's long term well-being if they were to lose all of their investments. I actually advice against this.

I maxed out my credit card 2-3 years ago to buy more Bitcoin than I already had but if I had lost all of them that wouldn't compromised my whole life, it would have been a very saddening experience but that's pretty much it.

My point about the initial investment is that nothing can makeup for it. If someone invest 1,000$ in Bitcoin and the price of Bitcoin rise 654% in the next year like it did in the last 365 days then it is pretty easy to see no amount of future investments could ever makeup for the missed opportunity the initial investment presents.

Security!


You are in charge of it now. There's no bank to refund you. If someone gets hold of your cryptocurrencies that's it, they're gone. This is something we need to learn nowadays, just like we need to learn to drive a car, use a computer, ATM, and cellphone, we need to learn how to use and secure cryptocurrencies.

The basics are pretty simple and the reasons to learn them and learned about cryptocurrencies have been made clear above. Once those basics are learn, that's it, they're pretty much learned for life.

Finding An Exchange

To begin with I would recommend people look at this list and try to see if their national currency is listed there. This is a list of excnahges where Bitcoin can be bought. Under the column pair are the type of currencies which are paired with Bitcoin, meaning which are use to buy Bitcoin.

The bigger the daily traded volume, the higher the pair is listed. If you can find your national currency listed there, then clicking on the pair will get you to that exchange. Very often, the bigger the daily volume, the better the Bitcoin price compare to other exchanges and also the higher the reputation of the exchanges but that's far from being an absolute correlation.

I highly recommend using 2 factor authentication on all the exchanges you will be using.

Transfering Your Money On An Exchange


Sign up on an exchange of your choice and follow the instruction to transfer money there. You can google the name of the exchange to find reviews about its reputation. Also if you didn't find your currency listed on the previous list, google "buy Bitcoin + the name of your country" and you'll most probably find one way or another to buy Bitcoin. You can also ask a friend who are into cryptocurrencies to sell you some, both ways have their advantages.

I'm in Canada and I use quadrigacx.com. There are a couple of ways to transfer Canadian Dollars there among them bank wire and interac online. For the first transfer I did the smallest transfer I could and I would recommend everyone test their exchange with the small process but that's up to everyone. The transfer could be instantaneous or take a couple of days depending on the transfer method.

Buying Your First Bitcoin


From there, buy Bitcoin is pretty straight forward. Place a buy order and wait to see if someone sell their Bitcoin at the price you are offering or buy from the lowest sell order price. It's rarely a good idea to buy from the sell orders as cryptocurrencies tend to go down quite substantially before going back up even more and even on a daily basis when prices move mostly sideways they still fluctuate quite a lot.

Don't Hold Your Bitcoin On Exchanges


After buy your first Bitcoin and maybe initiating your second larger transfer of fiat currency to the exchange, it's time to securely store your Bitcoin on a Bitcoin wallet.

There's many reasons not to store Bitcoin on exchanges. Exchanges hold a lot of cryptocurrencies and are prime targets for hackers. Big hacks can make exchanges insolvent which most of the time translate in everyone losing all of the cryptocurrencies they were holding there.

This happens more than once, on big exchanges. This isn't some minor risk. It is a very real risk and needs to be taken seriously.

Storing Your Bitcoin On Your Computer

Offline Bitcoin wallets are the most secure way to store your Bitcoin. They are super easy to use. There exist hardware wallets too. I recommend hardware wallets for more advanced users or when investing larger sums of money. There exist a large number of Bitcoin wallets software and a few Bitcoin wallets hardware. A simple google search will reveal a lot of results listing the most popular and how to use them.

Using Electrum

I personally use Electrum. The link below is the official download link at the moment of writing my post. Make sure to have the right link.

https://electrum.org/#download

Below are 3 of the best tutorial on how to create a wallet, transfer money to any wallet, restore a wallet and more. There's no need to have the computer connected to the internet to create a wallet. That's why it's called a offline wallet. It might sound counter-intuitive at first, at least it did to me but that's how it is.

The first link is the most straight forward and easy to use. It is really easy to use. Anyone can learn in a couple of minutes. Always begin with small amount of Bitcoin when doing transaction for the first time.

To create an offline wallet just unplug your internet cable after having downloaded the Electrum software and begin the process detailed in one of the link below.

Storing Your Seed And Password

Make sure to store your seed and password in multiple safe places, be it paper or USB keys.

Using A Password Manager

I recommend using a password manager to store all your passwords. Password managers can also generate unbreakable password with one simple click. Password managers are a must.

The only password you'll need to remember when using a password manager is the master password. This master password will gives access to all your other passwords and will keep them encrypted.

Password managers also have many other options like auto-fill form. I use a password manager called Keepass.

Learn more about the different password managers below.

Diversifying Your Blockfolio

Altcoins are also bought on the exchanges, most of the time in Bitcoin and some can also be bought with fiat currencies.

If the altcoin you want to buy is not the exchange you initially bought your Bitcoin, you can send your newly acquired Bitcoin to another exchange without having to go through all the verification process necessary for transferring fiat currencies. Only a simple sign up will be needed. Look for the receiving Bitcoin address there and send your Bitcoin to this address.

I'll comeback on this subject in an upcoming post.

Money Is Just A Tool, It's What We Use It For That Matters

Empowering Others, Empowers Oneself!


What the world truly need is more empowered people and empowerment comes from knowledge. Knowledge are made of bits of information linked and accessed in a meaningful way. Cryptocurrencies are just that, information linked and accessed in a meaningful way.

People who mine cryptocurrencies are indirectly stating they want power to shift away from governments and back to the individuals. Not only are they stating it but they are making it happen whether they realize it or not.

People who are spreading empowering knowledge are doing the same as those who are mining cryptocurrencies but in a much more fundamental manner.

A big part of Steem is about spreading empowering knowledge.

On Steem, the closer someone is to empowering themselves at the expense of everyone else, the closer they are to get down voted by everyone else. And on the contrary the more empowering someone is, the closer they are to get upvoted by everyone else.

Our Most Valuable Thing The Whole


Information is what truly sustain us. We are information in the form of DNA and energy. If we cannot sustain our body with information/DNA/food no amount of digital information/cryptocurrencies can makeup for it.

A single gram of DNA can store 215 petabytes (215 million gigabytes). In principal, DNA could store every bit of datum ever recorded by humans in a container about the size and weight of a couple of pickup trucks. [Source]

DNA create everything we need to thrive. DNA is the very foundation of who we are and what sustain us in the form of food and biosphere.

Cryptocurrencies are just tools, an extension of who we are, to influence our biosphere and make it more enjoyable.

Money Is Neutral

Whether it be fiat or cryptocurrencies, money is neutral and can be use to create or destroy. The more disempowered people feel, the more threaten and desperate their actions will become. This is normal behavior and we shouldn't expect anything else from these people. It is up to the rest of us to bring about the world we long for.

Company Stocks VS National Currency

Rich people prefer to hold company stocks rather than holding national currencies is because nations are debasing their currencies by constantly creating more, while companies have incentives to out performed national currencies and the other competing companies.

In a sense, governments are constantly fleecing their "shareholders", its citizenry, while companies are trying to enrich theirs. Companies keep their specialized knowledge to themselves. Companies can't look to benefit everyone because that would mean benefiting even their competitors.

Company Stocks VS Cryptocurrencies

Cryptocurrencies are better than company stocks because companies always try to accrue more power even at the expense of some of its employees while cryptocurrencies empower everyone fairly. They are open-source. Every cryptocurrencies benefit every other cryptocurrencies.

A Brighter Future Is Emerging!


Governments and companies are bad for everyone. In 2008, two judges were convicted of giving harsher sentence than necessary in return of money by for-profit prison to increase the number of residents in the centers. Those longer sentences translated into more profit for those prison centers. [wikipedia]

Many for-profit prison companies have lobbyist working to get everyone on Earth into a big giant prison, so to speak, no matter what the offence, just to increase their profit. As for the armament companies, they're all trying to get us into any war they can, while big pharmaceutical companies are pushing any treatments possible, never truly empowering us about the true source of health which are nutrition and lifestyle.

Cryptocurrencies Are Empowering Us!

Company stocks and national currencies are a threat to all of us. I proudly hold cryptocurrencies. And for all the reasons I've already shared, these have been the best financial assets of all time. Whether you can currently invest in them or not, they are changing the world for the better and will continue to do so to the benefit of everyone.

If this post reach 7,000 views and you've read it you'll be roughly 1 in a million Earthling who did. Consider yourself lucky or not, depending on what you think about it but if you didn't enjoyed it than the joke's on you.

Invite Your Friends!

Steem is a cryptocurrency. It allows for new feature Bitcoin and other cryptocurrencies don't have. Click here to learn more.

Steemit.com, which give access to the Steem Blockchain, is still quite small but its popularity is rocketing at a very impressive rate!

Share the fun by inviting your friends!

Approving My Witness!

Witness #51

Would you consider voting for my witness to help us Steeming the world we all long for? https://steemit.com/~witnesses

Thank you for reading and for commenting! I read all comments!

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Not sure if we approve of this sort of thing. Crypto-currency, eh? Who prints this stuff? Have you been audited lately sir?

Hahahahahaha! What about you? How long since you've been audited?

You're priceless!

Where this hate for governements is coming from?

From first principal.

The art of war is of vital importance to the State. It is a matter of life and death, a road either to safety or to ruin. - Sun Tzu - The Art of War

All warfare is based on deception. - Sun Tzu - The Art of War

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Trusted 2014 - 2017

I hope you were joking with this post. If not......let the Blockchain discover who you are and receive your just deserts ! ;-)

The nerve of this guy!

Hear! Hear! Well said sir! More of this sort of thing. We need to get some order and discipline around this place. Bloody liberals, anarchists and hippies! A good first step in the right direction. Let me know if you need any help. Happy to lend you the necessary funds... at the usual interest of course .

Chaps, one has been trying to draw one's attention, but one is seemingly being ignored. One has another question.
Could one please explain this voting thingy to one? Phillip doesn't understand it, and quite frankly, neither does oneself. One awaits one's answer.

TEAMSTEEM BLOWING EVERYONE'S MIND YET AGAIN!!

Hahaha! Thanks! That's very flattering! I mean the comment!

@teamsteem yah your right man the right time to invest Cryptocurrencies is now but i think if they are less knowledgeable about it they may lose some of it like what happen to my friend...
by the way well said... following you tnx

As some countries like japan are rotating this currency in their country people getting aware about it and as the time passes present investment in cryptocurrency will give good returns.

You are the hero I want to be like you and I would be grateful if you supported me

Nice post. very useful for me. Thanks friends .. follow me @ bakabou159704

STEEMIT - facebook and twitter greatest fear.. :)

Now he will sail the sheep :P

Gracias por tu post

Yeah agree

Great post, and also a little sad in a way. One of the first reasons I got into engineering and science back in the day was because I really wanted to help solve the problems of world hunger and fresh water availability. At that time my uncle, who was/is a tenured professor of mechanical engineering told me that I shouldn't go into those areas, because almost all famines are contrived by governments and corruption. That was actually a really defining moment that's always stuck with me... Anyway, like you said, crypto/blockchain technologies can be a step towards a better world. I'm finally re-evaluating my witness votes and added one for your witness. Hope it helps.

Best,
Trogdor

We still need engineers. They are an important part of our society.

Thank you very much for supporting my witness @trogdor!

Your post on the eclipse is pretty awesome! Everyone should check it out!

Really good post and great explanation

@teamsteem thispost is very useful to my campaign to call all freelance bloggers all over the world.So surprising that they do not have idea what is cryptocurrency and bitcoin .I will share this post to them
voting you as our witness:)

You are Welcome... It is a Great post. And yes cryptocurrencies are the best investments of all-time and still the best performing financial asset...

Really awesome to see you comment @trogdor never see you comment before and actually tried to contact you before also.
Also great to see you have reconsidered your witness votes. Lots of them are either inactive or not really contributing. @teamsteem is so involved and contributes so much to this community. He absolutely deserves a vote!

SteemoN!

Thanks! Did you try to contact me before? I must have missed it! Unfortunately I don't have as much time as I would like to spend on Steemit :)

Hey!

Yes I have tried to contact you before though did not hear back from you. I am sure your busy and at the time it didn't appear you commented or made posts much at all.

Its great to hear from you. Hope you are doing well and hope to see more of you on Steemit!

Indeed a very informative post by @teamsteem, Crypto currencies are transforming the way we perceive society and its operations. The main technology on which crypto-currency is based is Block-Chain and block chain has immense potential to disrupt almost every market which involves dealing with data and communications. It eliminates the need of middle-men and thus creating a fair market for everybody. I am looking forward to exploring more and more into this field.

nice post... I am a new steemians, maybe i should study first with you, regards know me
https://steemit.com/@cuteaniamals please follow me
I followed and upvoted.Would you like to follow and upvote me.
!

OMG You nailed it bro..keep it up.Thanks for sharing

So far this is one of the bests post about crypto, investments and the best advice in this matters. You have my support. From Venezuela, where crypto is making My life much more easier and practical. It's not just Me, some months, Venezuela moves more than 30M USD in Bitcoins. I think that talks by itself. Makes the crypto more promising, accesible and achievable than any other actual investment. Sorry for taking this comment to talk about my experience about bitcoin but your post is inspiring me in the best possible way. It took me about 2 weeks. two very long weeks thinking, searching, seeking for the best advice and then, I bought my first bitcoin. It was an amazing feeling, finally, reaching a true and unique asset within "My grasp". That is why I gave up to a "normal" job and now crypto is what I do. I truly believe in that, as you said, "Invest". I would agree, for my experience, Invest knowing what you are going to do with that crypto and take the best of it.
You have my vote, my support and also my vote as a witness. Count on me anytime. One of my works in steemit is to promote, educate and share this true opportunity of real and constructive richness. Thanks for sharing this amazing post my friend. Sorry for my bad french (I live 3 years in Morocco)
"Je pense que la vie se mieux avec crypto. Merci Beaucoup Satoshi Nakamoto"

Saturno Mangieri - Blockchain Tech Adviser

Steemit || Sitio Web

Such a nice testimony that crypto brings good into this world. In particular for countries that have been the most severely rob by the globalists.

Very well said! Great post!

Nice post and I agree with much of what you said.

However, this should also include a big BOLD warning label somewhere that advises people, those that might not fully comprehend otherwise, that investing in crypto, especially with funds you cannot afford to lose 100%, is a horrible horrible idea.

Crypto is still very new, and the investments you make could be worth absolutely nothing in a year or two. Do I think that'll be the case, no, but no one is to say that's not a fair possibility.

PLEASE be smart about what money you invest. Investments in crypto are still consider very risky by all accounts.

Agree, invest only what you can afford to lose!

It's implied. It's a true thing. It's a possibility but the odds are growing against this happening still it's a possibility.

Please don't assume it's implied though. The crypto community needs to be careful to self regulate and educate as new people enter the market. This is not obvious knowledge to all. If we don't regulate and take responsible action, regulation will be slapped down. And, the longer that can be pushed off, and the more time crypto has to mature prior, the better off we'll all be.

I'm not saying anyone should risk all of their life savings or anyone's long term well-being if they were to lose all of their investments. I actually advice against this.

I maxed out my credit card 2-3 years ago to buy more Bitcoin than I already had but if I had lost all of them that wouldn't compromised my whole life, it would have been a very saddening experience but that's pretty much it.

It's kind of explicit then. Also this post is part of a series and in an earlier post where I said it even more explicitly.

I heed your warning. It's a valuable one.

Regardless of which side of the fence you are on, even the crypto/bitcoin haters silently agree we are moving towards a cashless society. If they don't admit it, just follow one of them around for a few days until they make a $2.00 purchase with a credit card.

That being said, in the next 10 years, cash will be a dinosaur. And at this point Bitcoin has billions of $$$ in application and corporate investment. I'm near Chicago, and have Bitcoin ATM's within miles of my house. Once the miners get the fees down, who's going to want to pay $3.00 to get cash out of their own bank account when they can do it for $.50c with bitcoin?

Where is exactly implied? Before or after the advice to max off credit cards for gambling in crypto?

I actually advice against this.

If there was no risk then I would not advice against investing everything. Also this post is not a all encompassing thing. It's also part of a series. People who invest, they are the people investing. People who are still alive today knows nothing is risk free ever, even risk free investment at the bank, these aren't truly risk free, nothing is.

Please always state at the top of the article that it's part of a series, then link to previous articles (extra readers for free). Additionally, try to use a naming scheme in your title to indicate that it's article X of series Y.

I tried this in the past with some previous series. It has its pluses and drawback. I might mention the series at the start but all the posts can be read on their own also.

Very informative and while touching many bases important for those beginning to trade, or needing a reminder of basic safety, it sure as hell doesn't tell us how to kick the eff back while watching said investments rise ... take a gander at this post it's both informative and, well, ;)
https://steemit.com/cryptotrading/@mspowderedtoast/pounded-by-the-estonian-crypto-trading-garden-gnome

This was the most informative post on the subject, I've read yet, to me anyway, seeming to piggy back on our short exchange about wishing we had started sooner. In any case, it is simple to understand the way you have outlined it here, I'm bookmarking it and will return to it often. Thank you again, friend.

Very helpful comment. Thanks!

Agréable !
J'aime ton travail.
Suivez-moi, je vous suivez maintenant, vous me suivez et upvote, nous allons travailler ensemble

Amazing and motivating post, soaked with euphoria and believing in better future through cryptotrading. But some of your arguments does not seem to be persuading. E.G. you state that national currencies is not good financial instrument any more, but let me remind, that DAYLY market cap on FOREX is about $4 trillion!. Daily! So in fact cryptomarket can be controlled easily.

Keep in mind that many exchanges offer access to only some US States. NY is one of the most difficult since many exchanges refuse to pay for the license to conduct business here. For NY, Gemini is a great stable option for BTC and ETH, Coinbase/GDAX for BTC, ETH, and LTC, and Bittrex for most of the alt coins. Bittrex is a bit riskier of an exchange, so please use carefully.

Great points. I don't agree Bittrex is riskier than others.

Fair enough - it's worth it anyway for my primary access to getting alts, but most aren't compatible with most hardware wallets just yet to need to sit on the exchange (not best practice). One other point is that you can't use USD or fiat on Bittrex. Gemini has a $500 USD deposit per business day that resets at 5 PM. This is a pre-credited amount you can instantly purchase coins with, BUT you can't withdraw $500 USD worth out of your account until the transaction fully clears between your bank and Gemini (about 4-5 business days). This is an important note to remember for new users looking to buy BTC/ETH to transfer out to buy alts with because your funds will be stuck. You can also wire in larger amounts via your bank if you need. Coinbase is unique as it allows for credit card charges to fund your account, but they usually have pretty small limits for new account holders.

For some reasons I erroneously thought USD was on Bittrex. It was USDT. Then I might understand the caution on these kind of exchange which don't have fiat currencies thus possibly less regulation.

What you think is the best then Bittrex, please suggest a good one..

Depends on what you're looking to buy and where you live in the world. If you could elaborate, I can help.

Bittrex is okay to transact altcoin. It is one of the best exchanges for altcoins. It has a high volume and a pretty good reputation.

Bittrex don't pay your generated gas if you are holding NEO. Binance does. https://www.binance.com/

Knowledge is power and educating everyone is important .Older people who are set in their ways do not want to even hear about this well ...most of them. Target ppl who really need it is our children.My son is 17 and he knows more about bitcoin.cryptocurrencies than I.
But then again he is homeschooled ,the government would never incorporate such information .. Very sad as these people r our future and these kids need to ve educated in this. Education in this state ranks as one of lowest in the country

about 70% of graduates cannot even read,very sad. They are passed as long as their attending.

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