Captain James Cook’s first voyage set sail in 1768. His mission: to observe the stars and confirm or deny the existence of a large, strange land in the southern oceans.
Cook found the eastern coast of Australia not long after leaving New Zealand in 1770. And by April 29, 1770 the HMS Endeavour had moored at a location that would be called Botany Bay.
This would lead to the foundations of white settlement in Australia. But Cook’s first voyage out into the unknown wasn’t to be his last. Cook would go on to a second voyage from 1772 to 1775 again to understand more about the size and shape of ‘Terra Australis’.
While Cook had found the eastern coastline, there was more to understand. So off he went. After fulfilling his mission and returning back to England he would then set sail again — this time his final voyage from 1776 to 1780.
It was his final voyage because Cook was killed in 1779 at one of his other great discoveries, Hawaii.
Cook’s voyages provided incredible insight into the wider world. And it was this third voyage, on January 18, 1778, that he became the first European to visit the Hawaiian Islands.
What’s fascinating is not only was he the first to visit Hawaii, but he was also the first European to witness surfing.
Lieutenant James King has the responsibility to complete Cook’s journals after his death. And upon leaving Hawaii King wrote about what the adventurers had uncovered.
‘The Men sometimes 20 or 30 go without the Swell of the Surf, & lay themselves flat upon an oval piece of plan about their Size and breadth, they keep their legs close on top of it, & their Arms are us’d to guide the plank, thye wait the time of the greatest Swell that sets on Shore, & altogether push forward with their Arms to keep on its top, it sends them in with a most astonishing Velocity, & the great art is to guide the plan so as always to keep it in a proper direction on the top of the Swell, & as it alters its direct.’
Surfing was a vital part of Hawaiian culture. Hawaiian chiefs would surf the waves as a display of their skill and power. And it’s widely accepted that less noble people would make their name for their abilities to also excel in the surf.
The tradition of surfing has permeated through culture the world over in the centuries since. Today surfing is one of the most popular water sports in the world. There aren’t really any official numbers on participation in surfing. But Surfer Today reports:
‘In 2012, the ISA handed the International Olympic Committee (IOC) a document that accounted around 35 million worldwide surfers, the largest ever figure for participation within the sport of surfing.’
Many professional surfers today are also household names. Kelly Slater, Mick Fanning, Laird Hamilton are just a few that are synonymous with surfing.
Laird Hamilton in particular is known as a pioneer in surfing. He’s one of the biggest names when it comes to big wave surfing. He was paramount in the innovation of tow-in surfing. This is where the surfer is towed into a wave that’s simply too big to paddle into.
He’s on record as saying, ‘the biggest wave that I’ve ever been on is somewhere between 80 to 100 feet, something like that…and mean.’
That’s around 24–30 meters high!
Laird Hamilton is big wave surfing. Arguably he’s the greatest big wave surfer the world has ever seen. He also trains on average five hours a day and is perhaps one of the most in-shape 54-year-olds you’ll ever see.
The reason he continues to train is because he continues to surf big waves. And when the next massive swell rolls in he’s ready, prepared to take it all the way.
The best way to approach investing in Crypto
Big wave surfing is high risk. Every big wave that Hamilton surfs could be his last. The threat of death is real. But after 50 years of surfing (yep, he started young) he’s still here. Again, that’s because he’s as prepared as he can be, in top shape and understands (and respects) the risks as much as humanly possible.
But the risk doesn’t stop him.
That ability to understand high risk, analyse the trade off and still take action is a skill that only comes through preparation and preparedness. It’s a skill that you can take and apply when it comes to your investments and your lives.
And when it comes to your crypto investing, being like Laird is perhaps the best approach you can take.
Speaking to Bloomberg in a recent article, Mike Novogratz (one of the most famous people in crypto) explained:
‘I keep telling my guys we’re a surfer getting ourselves in shape for when the next wave comes, and when the wave comes we’d better be the Laird Hamilton of crypto.’
Bitcoin is going to be digital gold
Novogratz was responding to questions about his crypto fortune and the current ‘crypto winter’ we find ourselves in right now. Novogratz goes on to explain he believes bitcoin is going to be digital gold. He also notes, ‘Some of the smartest people in the investing world think it’s a store of value.’
Novogratz correctly outlines that the smartest investors right now continue to see crypto assets as a huge opportunity. The Winklevoss Twins cop a lot of heat in investment circles. But they too have built a small fortune already from bitcoin and crypto assets.
Again, speaking to Bloomberg they say, ‘we’re totally at home in winter,’ referring to the ‘crypto winter’. They also note, ‘We’re in this for the long haul. We think it’s a space that’s here to stay.’
We also know that the Yale University endowment fund is one of the largest in the world. With around US$30 billion in assets it too has recently began to invest in cryptocurrencies.
The money continues to flow into crypto. Even in the midst of the ‘crypto winter’ there are still huge opportunities for those smart enough. But it takes an understanding of the risks and a great respect for the volatility these markets bring.
We’re of the view that the big wave we saw in 2017 and early 2018 is the first of many. There will be more in the coming years. And the next big crypto wave could make the last one look as small as the ‘big ones’ that came before in 2013 and 2011.
But ask yourself, are you ready if the next big wave came tomorrow? Are you prepared and ready for it? Are you the Laird Hamilton of crypto? You should be.
Editor, Secret Crypto Network
PS: How you could potentially pocket a small fortune just by laying down the tiny sum of $100 on this little-known cryptocurrency. Free report (download now).