(IJCH) Mike Maloney's Newest Video: Cryptos, Stocks, Gold & Silver: Things to Come in 2018 - "Why Every Steemian Should View the Video, an Overview and my Biggest Take-Away"

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IJCH - Inside JaiChai's Head (meaning: My warped, personal opinions and musings)

From the Author

Salutations. I am JaiChai. And if I haven't had the pleasure to make your acquaintance, it's always nice to meet a fellow Steemian.

"About Mike Maloney"

I have been a Mike Maloney fan since the first time I watched his Hidden Secrets of Money video series. He not only is an amazing spotter of trends in the investment world, a globally renowned investment educator and best-selling author, his life story is truly inspiring.

Suffering from dyslexia, school was understandably painful for him. But the dyslexia made him aware that he had a special "phonographic memory" (akin to eidetic memory - "photographic memory", but in the context of hearing and auditory recall).

Later on, his dyslexia was overcome by the advent of text-to-speech technology; enabling him to explain complex economic and financial topics in a simple way that any layman can understand.

He also learned early in life that he had a knack for seeing trend factors and hidden insights of an investment by simply glancing at their charts and "hearing" (in his mind) the loud and obvious message from the numbers.

By listening to an investment's historical performance within its industry, matching it with his estimate of current macro-socioeconomic conditions, and projecting far out into the future, Mike has consistently made far superior profits than his cohorts in the precious metals investment space.

...His sincerity, sarcastic wit and down-to-Earth demeanor - seen in all of his videos - puts him solidly on my "Most Respected Heroes" list.

(https://steemit.com/money/@jaichai/ijch-silver-and-the-yellow-brick-road-prompted-by-a-brilliant-post-from-nolnocluap)

"Why Every Steemian Should View the Video"

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After watching Mike Maloney's Newest Video "Cryptos, Stocks, Gold & Silver: Things to Come in 2018", I immediately wanted to share it with all Steemians.

Why?

Because we Steemians are enthusiastically crypto-friendly.

I agree with my Steemian friend @vimukthi:

As a community, Steemians are far more knowledgeable than the general public on cryptocurrency, ICO's, decentralized platforms, etc.

(BTW, if you want to put your mind through a great workout - and laugh while you're doing it, visit @vimukthi's blog. The dude is scary smart and his mental agility approaches the speed of light!

And if you're wondering why this post's title is unusually long, it's just my juvenile way of trying to beat @vimukthi's trademarked titles that occupy vast real estate and take, at minimum, two breaths to speak!

Ok. Leaving tangents and returning on topic now.)

And quite a few of us have enough knowledge and experience to be rightly dubbed as pundits of the cryptocurrency space.

"Steemit - A Wealth of Knowledge,"

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The Steemit platform is unique in that - on a daily basis - all Steemians are exposed to (and educated on) hundreds of opportunities to become "early adopters" of new blockchain technology, next-level decentralization architecture, promising ICO's and an array of new, fast, no-fee, privacy-centric, quantum resistant, and infinitely scalable cryptocurrencies.

Our highly vocal, "In-House" community of experts make us think twice before succumbing to FOMO.

And they have no qualms about submitting honest opinions, nor are they reticent about debunking what they believe is bogus hype.

For example, knowledgeable Steemians immediately throw down the bullsh*t flag whenever an ICO comes along with an anonymous development team (AKA: "We claim we need to protect ourselves when this thing goes to the moon"; but in reality it means, "You won't be able to find us after we run off with your money!").

Just as ludricrous is the ICO with a "team" of two or three new, unproven developers boasting ridiculously lofty claims. Of course, when asked to substantiate their claims with hard data, they can't.

Why?

Because they have no Proof of Concept and no pre-Alpha version of their "miracle algorithm" - not even a reasonable facsimile of a working prototype!

In short, they're peddling "vaporware".

Yes, all Steemians should feel fortunate to be here to soak up the FREE, collective knowledge, experience and wisdom from all the seasoned cryptocurrency mentors, traders and HODL'ers.

But if we are not careful, we can easily slip into dangerous territory...

"Where Confidence Ends and Stupidity Begins"

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Let's face it.

Most of WallStreet is pretty ignorant about cryptocurrency and only in it because of all the huge, flashing dollar signs running 24/7 on the electronic stock-tickers inside their heads.

The rest of the world, especially the formerly anti-cryptocurrency Nation-States, the Global Banking Elite, and Wall Street, are just now starting to wake up and open their eyes to the disruptive power, freedom, disintermediation and of course, the massive potential for ultra-lucrative investments.

And while the average Steemian knows far more than the average Wall Street Opportunist, very few Steemians have any experience on Wall Street, Daytrading in the FOREX market, or managing a private/public investment firm.

Just because you have superior knowledge in any subject does not mean you can automatically make money from it - especially when it comes to cryptocurrency.

In this, we must remain humbly smart.

After you stop patting yourself on the back for "getting it", you will quickly realize (hopefully) that you probably only know just enough to be dangerous - to yourself.

"Wall Street Whales"

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Wall Street Whales usually have decades of market experience; oftentimes coming from a family with generations of investment and trading history.

With very, very deep pockets, they can outlast 99.9% of the people and entities participating in any market.

These Whales are experts of manipulating investor emotions and overall market sentiment. At the drop of a hat, they can cause sudden shifts of market trends that immediately spawn waves of "blind-buyng" greedy investors or stampedes of "panic-selling", over-leveraged margin traders.

Even worse, a careless Whale can trigger an algorithmic selling cascade by manipulating an Index price into the automatic action parameters of the formidable institutional and exchange trading bots.

These massive bots are so efficient and powerful that exchanges are devastated before corrective measures can be implemented by a trusted human - and that's if you can find one with the proper security access and technical skills.

This legacy scenario has only one result.

The Whales get richer, the Sheep get fleeced, the Pigs get slaughtered, and no matter how many winners and losers play, "The House Always Wins".

Just do a little research and you'll easily find hundreds of legacy financial instruments being proposed for Bitcoin (e.g., derivatives, hedge funds, ETF's, FUTURES, etc.).

And the proliferation of optional margin trading on cryptocurrency exchanges only serves to lure tons of neophyte traders into the "Land of Big Dreams and even Bigger Margin Calls"!

So please, remember this:

If you are not humbly smart, you'll never know where confidence ends and stupidity begins.

"Overview and Biggest Take-Away"

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Although it's ~24 minutes long, the video is well worth the time spent viewing (or simply listening to it).

It's jam-packed with "Pearls of Wisdom" and witty, but relevant quotes like:

"History doesn't repeat itself, but it does rhyme." - Mark Twain

In the video, Mike explains much of the market jargon and phenomena of investing and trading in equities (e.g., volatility, P/E's, Indexed Funds, algorithmic selling, pitfalls of margin trading, Keynesian "negative interest rates" - and much more) in plain, easy-to-understand language.

And the biggest " Take-Away" - at least for me - was the belief that cryptocurrency should be held in the same regard as precious metals for protecting your family's wealth and way of life from the effects of the inevitable market correction that will catch all the unprepared (meaning: Everyone except the very few possessing cryptocurrency and/or precious metals) with their "pants down, butt to the sky, and privates swinging in the wind"...

By JaiChai

Thanks for stopping by.

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About the Author

He is a retired U.S. Military veteran. Believing that school was too boring, he dropped out of High School early; only to earn an AA, BS and MBA in less than 4 years much later in life – while working full-time as a Navy/Marine Corps Medic.

In spite of a fear of heights and deep water, he freefall parachuted out of airplanes and performed diving ops in very deep, open ocean water.

He spends his days on an island paradise with his teenage daughter, longtime girlfriend and three dogs.

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