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One of the signs that the bull market is kicking in, and the stupid crazy surge is coming... well, is the sudden renewed interest from friends and family about that Bitcoin thing.

... and things have been quiet recently... and for quite a long time. Those of us with a long-term view will just keep quietly doing what we were doing... and nothing really changes. For us, it is about making sure that we have a decent retirement option (as musician freelancers, you don't really get much of a chance to add to that future nest egg unless you are highly disciplined...).... and to do what we want to be able to do in terms of renovations, life stuff, and music stuff whilst staying clear of debt.

Now that the OTC supply of Bitcoin is drying up combined with the constant buy pressure from the American ETFs... and it is just pushing the Bitcoin price up and up... at least in the short term. These ETFs seem to behave a bit like long-time horizon investors... I doubt that they will be fast moving pump and dumps... but who knows?

Anyway, I've been away on tour... and when I got back this week, my wife told me that some members of her family were asking her about cryptocurrencies. She said she didn't really know much about that, because I handled all of that side of things... and she said that I should expect that some of them might start asking about it.

I always find this sort of thing quite nerve-racking... as I'm of the idealistic bent (with a pragmatic streak...) and it is my deep hope that our decentralised technology will replace the archaic plumbing that underpins our digital lives... the stuff that just didn't get replaced and upgraded... all the behind the scenes stuff.

... but of course, there is the face-melting rally that will be coming up... and the desire to outrun the economy-wide inflation... and that is encouraging people to try their hand to "make a quick buck". My wife told them, I would be pretty against that sort of thing... and that I would caution that it was just as likely that they would lose their investment (although, that seems less and less likely these days...)..

I mean, one group wanted to park some of their savings to try and make money on cryptocurrencies in order to accelerate their home renovation. That sort of thing... well, I would definitely advise a serious degree of caution. I still think that it is a bad idea to think that your fiat value will just go up and up forever in a steep increase... it is also possible to go the other way, which would place their plans in disarry... and they don't need to do it, it would only speed up the timeline, but failure would make it impossible.... I am of the opinion, why risk it... just wait a little bit longer?

Anyway, I do hope that anyone that I set up with options and things like that... well, they have to sit through my "lecture" on why these things have value and what they might mean for the future before I even start setting them up with any advice. But I guess it is time to dust off the old template emails that were seeing so much use a few years ago. Update them... and provide generic "how-to" advice and steer clear of whether or not it is a good idea or not....

... as always, I tell them to expect that the fiat value is lost. And wake up to a surprise if it isn't. But again, I wonder if times are changing? Or have I gotten bitten by the bull bug?

I can also be found cross-posting at:
Hive
Steem
Publish0x

Handy Crypto Tools

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ByBit: Leverage and spot trading, next Binance?
OkX: Again, another Binance contender?