Bitcoin’s price has seen incredible movement in the last few days, both up and down.
In times like these you have a chance to walk a path. The path you choose will determine your future.
It’s a ‘butterfly effect’. One action now will creates a ripple tomorrow. Forever unchanging. An immutable future, that you cannot later change.
It is easy to choose the obvious path. The one with the wide-open spaces. The one with the smooth road and the well-lit sidewalks.
But if you walk the road less travelled, perhaps the more perilous path, then you create another outcome. Another ‘butterfly effect’. And again you contribute to an immutable future that you cannot change.
Your life becomes a blockchain of sorts. Adding event after event to a chain of events, to make up your existence. Each event, each ‘block’, you get to make a choice.
You cannot go back and alter your choices. The ‘lifechain’ cannot be broken or changed. You must simply move forward with the choices you make.
Perhaps it’s a too logical way to think about life. Perhaps it’s too linear. But after the events of the last 48 hours, it seems like the perfect explanation of your journey through life.
The Road Not Taken
‘Two roads diverged in a yellow wood,
And sorry I could not travel both
And be one traveler, long I stood
And looked down one as far as I could
To where it bent in the undergrowth;
Then took the other, as just as fair,
And having perhaps the better claim,
Because it was grassy and wanted wear;
Though as for that the passing there
Had worn them really about the same,
And both that morning equally lay
In leaves no step had trodden black.
Oh, I kept the first for another day!
Yet knowing how way leads on to way,
I doubted if I should ever come back.
I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I—
I took the one less traveled by,
And that has made all the difference.’
The above poem is a classic by Robert Frost. The interpretation I’ll leave to you. But the way I see it, the paths we choose we must take with vigour and not regret the choice we did not make.
Which is why when you come to your own divergence of paths you should take great consideration for your choice. Look down each path as far as you can. And then decide which will make all the difference.
And when you start down that path, live by your choice.
However I have never met a person who at one point in their life didn’t wish they had chosen a different path at least once. Of thousands, millions of decisions, there’s always something where we the other path might have made all the difference.
It may be small. It may be insignificant to others. It may be trivial. But I’m certain you can think of something in your life you wish you did a little different.
There’s nothing wrong with that. Without choosing the wrong path from time to time we don’t learn how important these decisions are.
And as I said earlier, it’s times like today you get to choose. Times like these when we stand at the precipice of something truly world changing.
When we look back in another 50 years we’ll remember the ‘early days’ when it all changed so fast. When the ‘Age of Blockchain’ consumed industry, from finance and banking to transport and logistics.
The future will not exist without cryptocurrency and blockchain technology. Every Wall St banker, every central bank economist, every equities analyst can call it all one big fraud. Government can try and ban it. They can try outlaw it, and condemn those who use it.
But they cannot end it.
The last 48 hours has seen bitcoin soar to over US$11,000, plummet to US$9,000, and then rise back to over US$10,000. Now it has settled under US$10,000.
Let’s just put that into perspective. That’s an 18% fall. Then an 11% rise. And then roughly a 5% fall from there.
And this is the ‘mayhem’ that’s sparked more coverage of bitcoin than at any other point in its history? Simply unbelievable.
Outlaw tech — back to the dark ages
Meanwhile Apple lost around US$30 billion on value on Wednesday. Amazon lost around US$22.5 billion. Facebook lost around US$22 billion. Alphabet lost US$21.4 billion. Microsoft around US$12.9 billion.
That’s five of the biggest companies in the world losing a combined value of US$108.8 billion. In a single day. And no one batted an eyelid about it.
That’s roughly 66% of the total ‘market cap’ of bitcoin. Yet bitcoin’s fiat converted price falls 18% in a day, and apparently it’s game over.
Where are the calls to outlaw Apple, Amazon, Facebook, Google and Microsoft?
This is the double standard in the traditional financial world. What they don’t understand they see as fraud. What they can’t measure they see as a scam.
A threat to their industry and their professional existence they decry as illegal.
The thing I cannot figure out is why there is so much hatred for bitcoin. It is the single most divisive topic in the global financial system right now. Most of the commentary about it is calling it a big ponzi scheme.
But why can’t ‘financial experts’ accept that it might very well be a transformational technology? Why can’t they figure out how to work with cryptocurrency rather than against it?
Look, at the end of the day we don’t really know how this will all play out. We are certainly of the view that this is a moment when you must pick a path as two diverge.
We don’t know which path will make all the difference in the end. But we have been standing at these diverging paths for some time. The mainstream just got here.
We’ve looked down as far as we can. We have already made our choice — hopefully to no regret.
So which path are you going to walk down?
Editor, Secret Crypto Network