Gut Check

12 Feb 2021

First, I am not an experienced trader, especially not in the crypto arena. What I am about to say is based on principles, and starts with this question: what makes the tulip Bitcoin more forever rarer or superior to the rose Ethereum, or other crypto flowers? What makes anyone think a bakery will accept a crypto payment today that might be worth half tomorrow, that it must then use to immediately pay monthly rent, utilities, advertising, and yes, even employees? If the bakery waits until the market "corrects" the price of crypto, it will be out of business. So what if the crypto blasts past the moon with diamond hands a year later.

Unless you are a billion dollar fund at the top of a bailout list, nobody is going to bail you out. Get out of a rigged game and get into solid capital, and no, money is not capital, and neither is any piece of paper, like Amazon stock. Land is capital. Food is capital. Silver and gold are capital. These are not contractual paper or electronic promises. These are real capital, the actual embodiment of work.

There will never be a run on dollars, yens, euros, or crypto of one kind or another. There will be runs on gold, silver, food, and land.

I have no other special wisdom to add that you don't already possess.