2017âs second half has been all about bitcoin/cryptocurrencies. You could have easily noticed your relative, close friend, colleague or any random person on the internet go crazy about bitcoin/cryptocurrencies in the last couple of months. Bitcoinâs graph in 2017âs 2nd half Among all, the most typical comments from people who are into buying/selling bitcoin/cryptocurrencies were like: âBitcoin is going up!â, âYou know bitcoin just hit $xxxxx!â, âBitcoin is the next big thing! I bet my life!â, âIf youâd have bought bitcoins 3 months ago, youâd have tripled your money by now.â. Yes, I hear and see all that happening. But I also see your desperation to make quick money and get rich the easy way. Itâs a fucking propaganda! Let me give you the truth on point-blankâââMost people I know who invested in bitcoin/cryptocurrencies donât care about the implications (+positive or -negative) blockchain or cryptocurrencies will bring. All they care about is how much money they can make in the shortest way/time possible. Plus youâll notice people who have invested in bitcoin/cryptocurrencies will constantly encourage or shame people into buying cryptocurrencies they have bought, because: Thatâs how they justify their biased and idiotic decision in investing in bitcoin/cryptocurrencies Thatâs how they increase the value of bitcoin/cryptocurrencies. The more people put faith and invest in something, the more itâs worth goes up. Itâs also about comforting themselves when the bubble burst and itâs not just them who took a hit or went bankrupt, itâs their friends and family as well. Thatâs psychologically comforting. Thereâs nothing wrong in that, but in the short run, with induced (Fear of missing out), (Fear, uncertainty, and doubt) and , it harms two entities: FOMO FUD Peer pressure The majority who invested in bitcoin/cryptocurrencies for the sake of making money is affecting the real impact cryptocurrencies can bring ASAP i.e. helping individual/merchants/businesses adopt bitcoin once it settles down with its volatility and brings multiple benefits to transactions globally. For more clarity on the benefits of bitcoin/cryptocurrencies, . watch this video That majority itself ends up spending a lot of time and energy making a short-term quick buck in peer pressure while losing sight of whatâs really important to them in the moment. (Ex. my friend keeps on checking his phone multiple times while conversing with colleagues, playing TT or Fifa, and while eating too) Slap anyone whoâs asking you to buy bitcoins With that in mind, let me tell you why I havenât invested in bitcoin/cryptocurrencies and neither planning to invest in near future. Hereâs why: I donât want to involve myself in the hassle/stress of when bitcoin/cryptocurrencies are going up or down. I want to live in the moment. When you invest in things that are volatile and is changing every second, it requires your attention to the full extent. Itâs not bitcoinâs/cryptocurrenciesâ fault. Itâs just how it is and it needs your attention. So for me, living in the moment has greater value than giving my 24Ă7 attention to making few quick bucks. I donât care how much money itâll multiply me. I donât get swayed away by FOMO/FUD/Peer pressure. I make enough to live happily every month, buy things I want (sometimes by waiting few months to saveâââthatâs also fun + you value the things you buy with your saved money), travel 1â2 international countries every year. The logic here is that if I keep on running or say yes to every money-making opportunity world presents me with, my purpose is lost. Thereâs no value to uphold. Thereâs no focus. The repercussions of developing the habit/taste of making quick money are very dangerous. Investment in the real world doesnât work that way. You donât multiply your money 100%, 200% or more in just 3 months. Usually, the return on investment rates is ~4% to ~25% throughout the investment industry. I am a creative person. I want my time and energy to go into the creative work I am doing, towards my personal and professional goals, towards my fitness, towards making new memories with friends or loved ones, or maybe towards nurturing myself. There are tons of things I have in mind thatâll make me happier if I do/achieve them compared to multiplying my money 1x-5x in the short-term. But you might say that âoh, but you are earning decent money and maybe thatâs why you donât careâ. Bullshit people give for buying bitcoins are endless Hereâs why itâs bullshit: How many people you know who are/were broke but started investing in bitcoin/cryptocurrencies? I know none. I have not seen a poor guy or someone whoâs broke has started investing in bitcoin/cryptocurrencies. Everyone who has invested moderately/heavily in Bitcoin/cryptocurrencies is earning or has earned a decent amount of money. Plus if youâre poor/broke and youâve put money in bitcoin/cryptocurrencies, youâre not investing, youâre gambling. Yes, you read that right! Investing in something without knowing what it does or really means, equals to gambling. So think twice before investing in things that promise you quick/more return in the shortest time possible. DONâT fall into propaganda. Donât listen to people and follow the propaganda. Choose wisely! P.S.: This post is not about robbing you of your opportunity of investing in bitcoin/cryptocurrencies or into anything else. Just by writing this post, I, for myself, am making sure that wherever my time and energy goes, itâs giving me the most value in return in terms of feeling joy, feeling content and feeling worthy (mostly the qualitative metric rather than quantitive). And I get that one cannot apply the same filter to everything thatâs happening in life, but bitcoin/cryptocurrencies just donât cut it to my to-do list when it comes to feeling accomplished for reasons I mentioned above. And I hope that this post will help someone gain that same perspective and choose better for themselves instead of investing in bitcoin/cryptocurrencies or any other quick-money-making investment opportunity in future. Happy Valentines and choose wisely! đ âââââ This post was first published on themadscientistlab.com
