It is the biggest question of this time for many traders why did I invest in cryptocurrency ? I am not able to find out the right answer to satisfy myself . I just change the mind to some others matters . Few month ago I had convinced my wife that I would be able to triple our wealth through Bitcoin ,speculation within the next two years . I think now all of us facing the adverse result of the greatest invention of this century , all the speculation that who invest in cryptocurrency would earn high return in short period of time become a nightmare. Last 2-3 month it has been spreading the negative news only across the country that lead to loss of million of dollars of thousand of people due to panic sale . It is very disappointed to us that last night Binance has been hacked and stolen nearly 7000 Bitcoin through Syscoin . Hacking is the disaster for cryptoworld cause disappear Billion of dollars from market in the last 5 month
I just think about a family who sold all their belongings for bit of a BITCOIN to reach their Dream destination .
The Bitcoin family
Didi Taihutto from Netherland , The person To live life to the fullest this family has chosen the Bitcoin adventure , he has sold his house in Netherlands , all his furniture, three cars a motorcycle and all toys of his children for bitcoin , he keeps only those things which really couldn’t part way like his photo albums , few mementos, and his laptop. Now he lives in a tiny house together his wife Romaine and their three children in a Dutch campground.In a bungalow on a campground. It's small and also really cold, Five people crammed into 50 square meters.
Taihutto wanto to secure his livelihood by exchanged nearly all of their income and wealth for bitcoin with speculation of high return in short period of time . In a interview he told about his bitcoin adventure , he told that he didn't want to continue his living in fear. He thinks living in fear kills dreams. To really be happy, one has to first have the courage to let go of the things that keep you tied down.
He also replied when asked :what was the trigger for his decision ?
As he mention in the conversation that his Father and mother passed away in young age that fact really open his eyes , he said as we're all stuck in this hamster wheel, we work our entire lives and postpone the beautiful things for some later date. But for my parents there was no later date. Now I'm 39 years old. Who can guarantee that there'll be a later for me? he hopes as long as he can keep the patience everything will be fine. If the things really works well by the grace of God perhaps he would become a financially strong and the dream of life would be fulfilled , My Best wishes to this Bitcoin family.
Like Room was not built in a day , Bitcoin still in its initial stage of development as currency and certainly far from being accepted by the governmental institutions .we need a deep correction in adoption ,circulation and regulation of bitcoin including others cryptos with the help of government. We should not ignore “ the cryptocurrency including bitcoin have its own problem as money . There is a lack of transparency in trading ,holding and transaction basically those coin which come up with a feature of highly confidential transaction, untraceable like MONERO,SUMOKOIN ,METAVERSE ETC that leads to support the terrorism , money laundering etc. Due to lack of proper regulation Whales makes entry to market and manipulate the price of coin through bulk trading or fake message over telegram, youtube, Facebook and others media and over the period of time some scam project has looted million of dollars of thousand of innocent traders, even I have lost thousand of dollars in the two project names Bitconnect and TBAR as issued two cease and desist letters from both Texas and North Carolina’s securities boards to shut down the project , and continuous DDoS attacks on the platform.
However we are well known that bitcoin cannot be replaced or disappeared traditional money entirely but eventually we will reach a point there will be use cryptocurrency as much as traditional money use in our livelihood . Technology continues to develop. Finally money is beginning to develop too.
In india there is a uncertainty on status of cryptocurrency , Reserve bank of India already issued notice regarding withdrawal of banking service to all Indian exchange . It will therefore be difficult for existing customer to withdraw fiat money to bank account even though follow the others mode of transactions like local bitcoin , wazir x escrow service and cash transaction . Because once the ban imposed on crypto trading we cannot show to tax department that received the funds in bank account against the sales of bitcoin .
And even we cannot approach to cash transaction also with unknown person because government authority may give you proposal as a customer and will take you for legal action .
So now best thing is silently sit on our seat as Didi Taihutto said as long as time we have spent our time, everything will be fine ,Sometimes it's so wrong to take a step back. With a bit of luck, it'll bring you three steps forward.
POSITIVE THINKING IS NOT ONLY ABOUT EXPECTING THE BEST TO HAPPEN BUT IT IS ALSO ABOUT ACCEPTING WHATEVER HAPPENS IS FOR THE BEST.
Trading is a game of probabilities , you don’t have to be right every time , we should keep our emotions aside , if we can’t control our emotion we can’t control our money .
