If you never got a chance to read the Chuck Palahniuk novel about how a man with a split personality can start a revolution through getting back to our basic instincts – you may have seen the wildly successful 1999 movie starring Brad Pitt and Edward Norton.
This may be one of those times where the movie was better than the book – well… at least more popular.
Anyway, in a pivotal scene in the movie – Brad Pitt’s character talks about the rules of the Fight Club that he and Edward Norton’s character created…
“The first rule about Fight Club is: you do not talk about Fight Club. The second rule about Fight Club is: you do NOT TALK about Fight Club.”
Basically, what he’s saying is – loose lips sink ships – and if you don’t want to lose a good thing, it’s best not to talk about it too much.
Sort of like the whole deal with Bitcoin…
It seems like Bitcoins are just on the outskirts of everything – and those that are into them – really don’t like talking about them. Yet, we’ve all heard of them.
So, what do we really know about Bitcoin?
Well, the first thing is Bitcoin is just one of many cryptocurrencies that are floating around the internet these days…
There are multiple cryptocurrencies out there, but Bitcoin is the first and obviously, the biggest “name” in their particular industry.
So, what’s a cryptocurrency?
In my experience, it’s one of the hardest things to explain…
Basically, it’s digital money that people can either invest in – or they can “mine” it – by hosting the system and get “paid” in fractions of the cryptocurrency for making sure the cryptography matrix continues to run smoothly.
No, neither do I 100% – but I have enough of a grasp on it to know that it’s something that every investor should at least take a look at.
So what’s the best part about these cryptocurrencies?
They aren’t controlled.
Not one person or group can determine the price of a Bitcoin…
Neither can a rise or drop in the price of oil…
Nor can the rise or drop of another country’s currency – making it all-but-immune to inflation.
But the overall markets can have an effect on it…
So, please keep that in mind.
You can carry an entire “wallet” anywhere in the world – all of your money – saved to a hard drive makes it easy to carry and it’s accepted around the world.
Which brings us to one of the cons of cryptocurrencies…
If your bank system crashes or goes under and is insured by the FDIC – the government will get you your money back. However, if your cryptography system crashes – you lose your money.
If you lose your wallet or money for any reason – kiss it goodbye.
One of the other aspects of cryptocurrencies (or altcoins) that can be looked at as a pro or a con?
Transactions are untraceable…
Meaning that whether you’re a regular guy who just doesn’t like the government watching your every move – or a drug dealer who DEFINITELY doesn’t want the government watching their every move – they won’t.
This is good for the individual, but can be bad for the agencies trying to catch these criminals with the best weapon they have – lack of tax paying.
If anything… cryptocurrencies are interesting. Intriguing…
Many people are looking into them as long-term investments, and while only time will tell if they are correct – they could be onto something.
This is one of the famous stories going around…
Taken from a May 2017 source, “If you bought $100 of bitcoin 7 years ago, you’d be sitting on $75 million now. The price of bitcoin hit a fresh record high on Monday nearing $2,200. … If you bought $100 worth of bitcoin on May 22, 2010, you’d be sitting on around $72.9 million today.”
That’s not a bad return, eh? Especially considering the price of the cryptocurrency has sky-rocketed since that piece was written in May.
Which is why I’ve been keeping my eyes open for any legitimate opportunities for my GorillaTrades subscribers to capture some of the gains in cryptocurrencies, in some capacity.
There are a few different ways that everyday investors like us can get into these things on the cheap…
I’m tracking a few possibilities now – and as soon as they meet my system’s strict parameters– I’ll send them out to my GorillaTradessubscribers.
These things can go bananas – so it’s important to get in at the right time.
Please consider joining GorillaTrades so you can receive my next recommendation – it could be the one that makes your year successful!
But regardless of joining, you should look into cryptocurrencies – they’re a fascinating way to make money!
“It is easier to believe that there was nothing before there was something than that there was something before there was nothing.” – Julian Huxley