Education / Bitcoin / Gold & silver
Ing. Jakub Feltl, Ph.D.
A guide to true wealth …
BITCOIN, LIGHTNING NETWORK (LN)
Bitcoin is the king and in my opinion will remain the king, it proves it every ten minutes with a successfully mined block, constant evolution and its proven antifragility. Bitcoin doesn’t care about anything and has been doing exactly what it was created to do for over 13 years. Thanks Sathoshi Nakamoto, whoever you are.
One of the biggest steps forward in Bitcoin’s journey to becoming a global financial and payment system was definitely the introduction of the LIGHTNING NETWORK. This is a second layer (payment channel network) that provides high scalability, minimal transaction fees and instant Bitcoin payments. The days when transactions on the bitcoin network cost even more than ten dollars has gone, today you can buy and pay for coffee instantly via LN with a fee of a few pennies at most.
„Bitcoin is not a way to get rich quickly, but a way not to get fatally poor“ (Alex Pilař)
CRYPTOCURRENCIES
I entered the world of cryptocurrencies at the beginning of 2019, with nothing more than a miraculous investment in a shitcoin that has long been comatose (more likely dead). This is how I lost my first 20 000,- CZK (1 000 USD) in the cryptocurrency jungle. Then I went to Binance, where you can buy almost every token and coin that exists (I bought everything I could, of course). There was an advantage here, in the fact that the purchased crypto can be exchanged back into crowns, dollars or euros, of course after a colossal dump, but better to be at -50% than at zero.
Fortunately, I was entering the market in a deep bear market (a period of prolonged stagnant or declining prices), so I had plenty of time to soak up information not only about where the price would go in the next week, but more importantly about the fundaments and foundations on which cryptocurrencies stand (freedom, decentralization, and lots of talented, smart people).
It gradually dawned on me that the old guy at the top of CoinMarketCap (Bitcoin) isn’t just there by chance, and maybe (in my opinion, quite possibly) it’s the foundation of a new financial system. A year later, in early 2020, my enthusiasm for this new technology and my desire to learn a bit more again got me to the DeFi – Cryptonight Olomouc conference. After the event, I had a head like a balloon, but the event changed my life 100%. It was a big positive black swan for me. I learned about what you can do on the Ethereum network, what it is and how decentralized finance (DeFi) works and many other interesting things.
So I started to “play”. And then came the corona (the real and huge black swan) and a huge dump with it and my first big (enormous) liquidation. I haven’t given up on cryptocurrencies and the blockchain world, on the contrary, I’m more and more fascinated by that world and that technology. And my patience and newly acquired experience and information got me to the end of the bear market and I could finally enjoy the bull market (rising market). This significantly shuffled my portfolio allocation and I started looking for ways to lock in juicy profits.
If you’d like, I’d be happy to share my experiences, lessons learned and insights with you.
PRECIOUS METALS
Given that I have a wife, two young children and a mortgage, it was time to consider whether 90% crypto in my portfolio was too much. Therefore, it was time to start broadening my field of vision in investing. Since Bitcoin taught me how the financial system works, a pension or savings account was not the right solution for me.
While watching the Druid of Hana on his YouTube channel (it´s in czech only, but you can find aplenty channels in english – Altcoin Daily, Chico Crypto…). I learned that there is also gold, forgotten for many years and condemned by many. An investment precious metal that works in principle just like Bitcoin only thousands of years longer. For many people, with the added benefit of being touchable. After my experience in the turbulent crypto world, I reached for the greatest security in this case and bought my first ounce of gold at GOLDEN GATE.
With my first purchase, my advisor packed me a book called Investing in Gold and Silver by Michael Maloney. Which I successfully put away for almost two years. I recently read it and sobered up. I immediately called Michal Kolar (originally an advisor, now a co-worker) and told him that I wanted other people to know how to access real money. The word was given and now I can offer you the top services of GOLDEN GATE, which are not only about selling precious metals …
FINANCIAL PRODUCTS
Standard financial products include everything from savings accounts, retirement and building savings, government and corporate bonds to stocks and various financial derivatives. The world of conventional financial products is very complex and certainly offers options for all types of investors (from the very conservative to the highly aggressive).
Nowadays, there are a large number of professional financial advisors who can help you navigate among these products and recommend the optimal solution. However, if their recommendations are made up of 100% standard financial products this is not optimal in my opinion. The key is DIVERSIFICATION. And if you are going to be “diversified” into five different financial products in one bank, that is not really diversification.
