Q Day
It's not about how much you make, it's how much you can keep!
If you have no idea about what kind of 'Day' this title is talking about then the links at the bottom of this post are definitely for you.
As usual I decided to blog a comment here instead of on YouTube in response to a very eye - opening video about
'Quantum computing'
posted on Coin Bureau's Channel.
While the majority of comments seemed to be focusing on, getting in early, on an 'under the radar innovation sector, my mind was looking at this from a completely different angle ๐ฑ.
โThe first thing that came into my mind was thinking about those extreme Crypto and Bitcoin Maximalists that have placed up to 99% of their net worth in these asset classes while at the same time laughing and scorning traditional physical precious metal investors.
That kind of arrogant, demeaning attitude towards others usually does not turn out well in the long run. Karma has a way of
'putting us all back in our place'
sometimes very abruptly and a lot sooner than later.
It may never happen, but sacrificing some of their insane, margin ridden gains to invest in alternative, diversified asset classes that our less susceptible to these kinds of threats will not harm them. Admittedly many successful veteran crypto investors do practice this method of wealth preservation.
Time and time again the saying proves true;
"he who laughs last, laughs the loudest"
Its all about balance avoiding extremes in any camp the same way extreme Gold Bugs stubbornly scorn at Bitcoin and Crypto investing while watching those investors surpassing them with insane profits.
Avoid blinded, follow the herd, tribal like, tunnel vision thinking. Avoid emotional attachment to any asset because it is and will always be;
a means to an end
The goal of gaining as much Financial independance and freedom as possible within our individual means and circumstances.
Ultimately 'true wealth' is measured in 'units of time' (that cannot be duplicated or bought back) that we can control and determine how they can be spent, without suffering physical wants. It is not how many Bitcoins we have managed to buy and permantly store on our cold wallets.
A Chinese proverbs written long before Bitcoin existed says;
Although a man may possess a thousand rice fields ... he can only eat one bowl of rice at any one given moment in time"
Remain humble and grounded and remember nothing is absolute or 100% hack proof in this world.
Anyway that was my two sato's worth of intro into this video. I am curious whats your personal take on this topic is?
Be safe out there.
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Disclaimer
Blog posted, published and personally written by the founder of morganwise.blog and links shared must not be viewed or taken as financial advice. These are purely published for entertainment purposes only. Always do your own due diligence and research. Otherwise consider consulting a Professional Financial Advisor before making any financial or investment decisions.
This blog and link shared does not necessarily reflect the view and opinions of morganwise.blog
https://www.forbes.com/sites/arthurherman/2021/06/07/q-day-is-coming-sooner-than-we-think/amp/