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| HEALTH, WEALTH, AND HAPPINESS |
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Welcome to the new version of our blockchain investor newsletter: both free and paid subscribers are receiving it.
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| To be successful investors, we have to train our brains. There is so much money to be made, if we can train our brains. In our new downloadable audio series for investors, we’ll give you the tools you need to train your brain. My book Mind Hacking has sold over 200,000 copies, in part because of a series of audio exercises that we created for the audiobook. (Think of them like guided meditations for training your brain.) Many people have written me about how the exercises have helped them reduce anxiety and stress, and retrain their brains to think more positively. Starting today, we’re creating these brain-training exercises, specifically for blockchain investors. They’ll be released weekly to paid newsletter subscribers. (Click here to access Episode 1.) |
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The Power of Training Our Brains Blockchain investing is a noisy place. Constant headlines. Crypto Twitter. Meme coins. And the endless barrage of new projects, each with their own hype factories. It’s exhausting. Ray Dalio, the founder of Bridgewater Associates, has said that taking up a daily meditation practice was the most important key to his success in building the world’s largest hedge fund. It allowed him to quiet his mind, ignore the noise, and focus on what’s important. Charlie Munger, Warren Buffett’s longtime partner at Berkshire Hathaway, also talks about the power of “mental models.” When evaluating investments, he has over a dozen mental models that allow him to filter out the noise and focus on what’s important. |
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Thanks to Peter Burns, Life Lessons from Charlie Munger
I took up my own meditation practice about 25 years ago, and I believe, like these great men, that retraining my brain is the foundation of my success. Meditation has allowed me to train my brain to ignore the noise, and to focus on what’s important. Training your brain is not just about sitting in silence. (Although that’s a big part of it.) It’s also about quieting the brain’s natural tendency to react. There is no question that most people just react. Just watch the price of bitcoin: every time it hits a new high, everyone suddenly wants to buy. Simple logic would tell us that the time to buy bitcoin is not when it’s at an all-time high, but when the price is low (like now). That’s the opposite of how most people think, because their brains are in reaction mode. “If everyone is buying bitcoin, I better buy some, too.” FOMO and FUD. To beat the market, we have to bet against the market. We don’t buy high and sell low, we buy low and sell high. That, by definition, is the opposite of what most people will be doing. So we have to rewire our brains to override our natural inclination, which is to react. When we train our brains, we have the power to act, not react. That’s the money-making secret. |
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Research shows that most people are terrified by their own minds. (Source)
Better Brains Build Better Blockchains Beyond building our brains into money-making machines, there’s a higher purpose: better brains build better blockchains. We are building the future of money. The future of money! This means we have an opportunity to rebuild our financial system, from the ground up. (In case you haven't noticed, that is what we are doing.) Think about everything that’s wrong with the financial system today. The richest 1% now have more wealth than the other 99%. Roughly 9% of the global population lives on less than $1.90 a day, according to World Bank figures. And poverty leads to conflict, meaning the world’s poorest countries tend to be the most violent. (Neighborhoods, too.) The old way of thinking is what got us here. To build a better world economy, we need better ways of thinking. That starts with our brains. That starts with me and you. Just as Satoshi Nakamoto infused Bitcoin with the spirit of “global money for the public good,” let’s infuse this new blockchain-based economy with the spirit of a “global economy for the public good.” This requires a new way of thinking. Starting today, let’s begin retraining our brains—both to make us better investors, and to build a better, greener, fairer financial system. We’re building the new money system that humans will use for the next 500 years; let’s infuse it with the great human virtues. Along the way, we will reap the rewards of our work. We will become better investors, because we’re working for the future, not just working for ourselves. We will do well by doing good. Build better brains, and we will build better blockchains. Our first week's audio exercise is ready for you now. Click here to download Episode 1.
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| Health, wealth, and happiness, |
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John Hargrave Publisher Bitcoin Market Journal |
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Hey Everyone,
Rektember is over. Welcome to Uptober!
It's a juvenile play on words, no doubt, but it seems to be popular today on Crypto Twitter. Bitcoin is up 10% today, and some altcoins are doing even better.
The best explanation I can come up with as to why this is happening now is the ongoing Mercury Retrograde, which our star analyst Maren Altman pointed out in a recent research paper and subsequent YouTube video as having the potential to time the next big bitcoin movement.
Timing of the pump aside, the idea that cryptocurrencies will dominate all payment rails in the future is one that is quickly gathering steam at the highest levels.
Yesterday, we spoke about a major new project from Visa, which I personally believe is not getting the media attention it deserves.
In addition, we have a recent report from Bloomberg's Sonali Basak, who interviewed three of the top financial minds of our times.
In at number three, Guggenheim global chief investment officer Scott Minerd singles out the technical vulnerability of the global payments system as being the biggest risk to financial markets.
In his opinion, bad actors may already be working on creating a coordinated attack that could bring the global economy to its knees. You can see the full report here. ... |
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Spoiler alert: Blockchain and bitcoin are Minerd's big solution.
Especially now that Federal Reserve Chair Jerome Powell, or J-POW, has confirmed the Fed has no intention to ban cryptocurrencies, Uptober can now begin.
With that, I want to wish you all a fantastic weekend!
With warm regards, |
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| Mati Greenspan Analysis, Advisory, Money Management |
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Bitcoin Market Journal is a daily newsletter focusing on blockchain and crypto investments. Investors love us for our value-based approach to finding quality digital assets, and holding them for the long term. Paid subscribers get full access to our top crypto picks, while free signups get basic content to build better investors. Upgrade to paid, and become a Blockchain Believer. |
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