Nick Hodge,
Publisher
Feb. 16, 2022
Is there ever a bad time to buy Bitcoin?
I guess that depends on your frame of reference.
If you think that there's a paradigm shift going on… That Bitcoin represents a native digital currency serving as a foundation for a new financial system, then it's like your retirement plan: There's no bad time to buy.
That's obviously completely different from trading, where you would want to buy at specific times and exit specific times.
Those are very different things: investing and holding versus trading.
But it's that paradigm shift that I wanted to talk about today — the more longer term view.
Because I saw a Senator say this morning that the Senators are thinking about passing a bill to deal with inflation.
And I had to laugh out loud.
Because I immediately thought: Well, why didn't they just pass a bill to prevent inflation if it were that simple?
It’s because that's not how the system is built.
The system is built to be inflationary.
There always will be inflation.
It's why you can look back over time at the cost of bread being so much cheaper when you were little. Or just talk to your parents or grandparents.
That inflation is inherently built into the system and it's what steals from the middle class, especially when it's high, like it is now.
We're experiencing the highest inflation, at least by CPI numbers, in 40 years — since 1982.
The government that says it can solve inflation is the same government that caused it by continually printing more dollars, which makes the inflation worse.
When we were in lockdowns, which the government mandated by the way, they then printed money as a stimulus to help the people who couldn't make ends meet.
And why can't they make the ends meet? Because of the system that steals from them via inflation.
It's a vicious circle.
No congressman — no government official — can wave a magic wand or pass a bill to get rid of it.
You're in a framework such that you can't deal with it with policy because it’s the policy that got us into the framework.
The debt numbers are too big to pass legislation to deal with effectively. It’s simply too much to ever be paid back via the tax base.
We're approaching the point where there needs to be a paradigm shift.
And a lot of people recognize this, whether they realize it or not.
And they’re recognizing it in very different ways.
We talk about a global reset… Or a new type of Bretton Woods system… Or going back to a gold-linked dollar, for example.
Of course, one of the major alternatives that has popped up is cryptocurrencies.
Because Bitcoin was designed to be deflationary — and now I'm going to steal a little bit from Jeff Booth, who wrote a book recently about why deflation was the key to the future and why Bitcoin is the key to that.
Technology should be making things cheaper, yet we're seeing the highest prices for things in 40 years, as I just mentioned.
That's because the system is designed to make things more expensive, to make real estate and assets more expensive, to keep as many people as possible in the rat race, chasing those higher asset prices via mortgages and debt.
That's what keeps the banking system and economy going.
But a lot of people are starting to realize that:
- It's coming to an end because of the debt, and
- The people can't sustain it anymore because of the amount they have to work to keep up with their debt payments. Now they can't even afford to take on debt to buy a house, for example, because they're being priced out.
And you'll hear lots of people say that Bitcoin fixes that or Bitcoin solves that. What they mean is Bitcoin is deflationary so there's going to be a finite number of Bitcoin that can ever be mined and everything is going to get cheaper relative to Bitcoin.
You have to think about it in terms of a different framework or a different system. Things not priced in dollars, but priced in Bitcoin, will become cheaper as Bitcoin goes incrementally higher forever is the theory.
If that's the frame of reference you're taking with the financial system then there's never a bad time to buy Bitcoin because you should just be accumulating it.
And that's where the hodl — or the hold on for dear life — never sell mentality comes in
People call that crazy but one of the best investors the world has ever known, Warren Buffet, says that his favorite hold time for a stock is forever. When he buys something he wants to hold it forever.
That's what people are doing with Bitcoin. That's why Bitcoin is the core of our $50,000 Crypto Cycle portfolio, which is now active. We've made purchases of Bitcoin. We've made purchases of Eth. And we're building a foundation that we're going to use to start to buy other crypto and meta assets.
This week, Chris Curl, who runs that service, who's already made 75 times his money in this space. is starting to buy alternative cryptocurrencies or alt coins.
If you're a member of Crypto Cycle, you'll get those alerts mailed to you in real time.
For example, I sent out an alert about what we were buying.
We bought $4,000 of an alternative currency that we're eventually going to use to mint or purchase some NFTs on a different blockchain.
Members of Crypto Cycle get those alerts in real time. And we'll also show you how to do it.
Chris is making screen grab videos of how to make decentralized wallets, for example, because Coinbase doesn't have all these alternative coins.
And he's even going to show you how to mint NFTs, which we're going to get into in the next couple of weeks.
The second issue of that Crypto Cycle just went out.
We're building our portfolio right now. We think long term that cryptocurrency is a viable space.
So we'll be building that long term portfolio and we'll of course be trading around it like any professional investor would do.
If you want that advice in real time — what we're doing with our real money, our real dollars — as we continue to convert them into cryptocurrencies as this paradigm shift continues…
You have to sign up for Crypto Cycle.
And you can learn more about that and see how we're managing that transparent $50,000 crypto portfolio by following this link.