Interview with Hive on The Capital
June 26, 2021No, Making More Money Is Not Enough To Become Rich. Here’s Why.
June 26, 2021
Some sensible advice from Tim Draper, Brock Pierce, and other crypto leaders.It’s a great week for Bitcoin enthusiasts living in El Salvador. For the rest of us, the week has been “meh” at best.According to a tweet by Documenting Bitcoin, El Salvador’s President Nayib Bukele has promised to deliver $30 in Bitcoin to each registered El Salvador citizen, adding “The wallet app will work anywhere with a cell connection, and you won’t have to have a cell plan to use the app.”According to Reuters, Bukele said in a national address that the recent law making Bitcoin legal tender will take effect on September 7th.And in all other places that are not giving everyone Bitcoin? A bit of coming back down to Earth, but it is a nice relief to be happy for others.Some Sensible Advice on BitcoinBitcoin of course briefly touched $35,000 this week — still a far cry from the sweet days of April when it crossed $65,000.Over the past week or two, there has been some noticeable gloominess around the cryptosphere. As we know, the prospect of decentralized currency and the value of Bitcoin specifically is based on belief and positive participation by members of the community. In other words, getting discouraged is literally bad for Bitcoin.So, to everyone watching and HODLing and wondering when this dip will end, when the march toward $100,000 will begin again, here is one reason to believe to balance your Fear of Missing Out (FOMO) and one valuable but admittedly less appealing cautionary tale, to balance your Fear Uncertainty and Doubt (FUD).Please bear in mind we asked all respondents for both — there are flaws in every system and informed investors should understand both sides. Self-examination and criticism is essential to a strong community of any sort, including the crypto community.To begin,…
