Year 2 – Week 2: The advantage of doing the course again!

This is the 2nd week of my second year. This is, of course, a huge advantage to the first year experience. One of the great advantages is that I know what the process will bring – what changes I was able to make – the challenges that were overcome – the pride in having completed the entire 26 weeks with a great effort – and finally, my Definite Major Purpose (DMP) beginning to materialize – not all of it – but some of it – and in the progression that it should as some things must precede others.

I told a few people about the course, and several are in it for their first year. It is fun to watch their process and progress. I think I can help them if they need any inspiration as I have the advantage of knowing the effectiveness of the course, and in times when there may seem to be a little overwhelm, to remind them that it passed with me and it will pass with them.

As SYNERGY is a viable concept, I am excited to see YEAR 1 + Year 2 > than the sum of its parts.

I always keep my promises,

Greg Simmons

 

Whale Alert!

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Crypto Whales Explode: $596 Million in Bitcoin

Bitcoin whales are moving massive amounts of BTC in the volatile crypto market. As Bitcoin shot above $7,400 and then back down to around $6,900, whales moved a staggering 86,140 BTC worth about $596 million.

Whales are typically individuals with high net-worth in certain currencies which hold the power to sway the markets in their preferred direction.

However, as I stated in my online #Tapas-for-Life Bitcoin course : A Wealth Building Opportunity , the fundamentals are so strong for bitcoin that even the whales, with massive amounts of bitcoin, could not hold bitcoin down. Within a day, bitcoin had streaked past the original $7400 mark to almost $8000.

And to add to the momentum, the long awaited cryptocurrency platform, Bakkt, now has a launch date: July. This is massively bullish for bitcoin. I would not be surprised to see $10,000 bitcoin within several months.

A Note of Caution: Rally’s do not go straight up. There will be corrections along the way. A buy and hold strategy allows us to have patience while watching the volatility.

 

Here Comes the Institutional Money

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Andreessen Horowitz has launched a $300 million fund to invest in blockchain projects and initial coin offerings.

Andreessen Horowitz is perhaps the most prestigious tech venture capital (VC) firm in the world…

When Andreessen Horowitz invests in a startup, it’s a clear sign the company has the potential to become a disruptive force… For example, in 2011, Andreessen Horowitz invested $80 million in Twitter. It was also an early investor in blockbuster companies like Facebook, Groupon, and Airbnb.

Despite its huge successes as an early stage tech investor, the firm is renouncing Silicon Valley entirely… It’s found another investment opportunity so big — so lucrative—it’s giving up its status as a Venture Capital firm to pursue it.

When a company like Andreessen Horowitz changes its entire business model, that’s huge news.

And it’s an opportunity that everyone should be familiar with – cryptocurrencies!

If you want to ride this institutional wave, buy some bitcoin. Institutional investors will need bitcoin to buy most other cryptos.

Big Corporations and the Blockchain

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We are in the very beginning of a new bull market cycle – and never in the history of this asset class have so many large corporations started taking the underlying asset seriously.

JPMorgan is launching its own internal coin. It’s not really a coin; it’s more of an internal derivative. But the fact they are positioning it as a crypto coin will educate the entire market on the benefit of this technology.

Facebook, with nearly three billion subscribers will be trained on how to use its crypto coin. Again, it’s not a real cryptocurrency. But the fact that Facebook is embracing this technology — and riding the coattails of the interest around blockchain — is huge!

Facebook will be bringing crypto to everyday, common people—a huge global audience that ordinarily wouldn’t be exposed to it. This is an enormous boost for the whole crypto market.

The Coming Bitcoin ‘halving’ Event

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The BITCOIN ‘halving’ event will occur May 2020.

Every four years, the number of bitcoins that can come into the market place is cut in 1/2 for the next 4 years. There will ONLY be 21 million bitcoins.

In the previous two ‘having’ events, bitcoin rallied almost 12,000% in 2012 and over 7,000% in 2016.Those previous gains were realized by buying at least one year before the ‘having’ event. We are 1 year and 1 month from the next ‘halving.’

Bitcoin has already rallied 54.7% from its low in January 2019. However, it will go up and down over the course of the rally.

The Time to Buy and Hold Is Now!

How Scarce is Bitcoin?

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80% of all the bitcoins that will ever be available are already in circulation.
There are 500 million people that  already invest in stocks globally.

There are 35 million people who have some amount of bitcoin. What happens when the other 465,000,000 investors decide to buy bitcoin?

With approximately 6 million bitcoins remaining to reach the market over the next 20 years, that would leave just about 1/10 of a bitcoin for these additional investors. 

The time to buy is now!!