13/09/2021. The Myth of Losing Money in Cryptocurrency Investments

Hello everyone! First of all let me just say thanks for staying with MNO which has been sending you regular news from the HYIP industry and its brightest representatives alongside with professionally written articles for over fourteen years now. Although the Covid19 pandemic has undeniably hurt the industry and turned it for the worse in terms of the quality of existing programs and their general longevity, MNO will still stand its ground and wait for better times to arise in the future. I have a firm belief that once this crisis has passed we will see more people returning to the fold considering the appetite for big leaders of the HYIP industry will resume to previous levels.

As of the moment though the HYIP industry still remains almost stagnant and uneventful during the first two weeks of September. So, unlike most of the previous articles posted on the MNO blog I will concentrate my efforts again today on the subject of cryptocurrencies entirely. That doesn’t mean though that I’m abandoning HYIP industry coverage entirely, not at all! In fact, me and most readers are still looking at the possible new big program to come our way soon. It will come from one of the most famous admins you should have certainly known before and from his programs you might have profited tremendously. So keep checking out the MNO blog for new articles and click here to add your email address to my subscribers list, if you haven’t done so yet. And if you wish to be notified by the appearance of the newest most promising projects coming to the MNO monitor instantaneously please follow me on Telegram, Twitter, or Facebook, as it’s via those channels notifications are sent about all the changes on the monitor.

Of course, just because I’m not as active as before doesn’t mean that I’ve stopped communicating with my readers or admins. On the contrary, if you have any questions, suggestions, advertising proposals, or simply want to chat on the subject of HYIPs hit me up on Telegram @mnoblog, email me directly at abramsonp@gmail.com or submit your query via this online form. I am always grateful to my readers for all their tremendous support through the years and will not let them down by switching to low-quality cheap programs ever! Only the best programs deserve to be listed on MNO and only the best will – I promise you this!

Getting now to the main subject of the article for today called “The Myth of Losing Money in Cryptocurrency Investments”. Just hear me out for a moment and allow me to explain. Sure, it’s very easy and in fact even probable to lose a fortune overnight by converting hard fiat currencies into BitCoin. But that’s just if you are trying to get in and out for a fast buck and failing. The reality is that if you buy, and hold, BitCoin as a longer term alternative to any cash you don’t necessarily need to keep as cash to cover your day-to-day living expenses then it isn’t really that difficult to do well from it. Let’s take a closer look, shall we?

Looking back over the history of MNO as a website, it’s been online for more than 14 years. In that time the subject covered most has of course been HYIPs, since to be blunt that’s what more or less all of you are interested in. I mean it’s nothing to be ashamed of, everyone needs a couple of extra dollars to make it from day-to-day, so maybe a quick gamble on the online HYIP industry might help, yes?

The key point of MNO of course, that’s “money news online” is the word “money”. Everyone needs it, you want more of it, and getting down to the basic fundamentals it’s the reason you’re reading my blog, right? I’ve made a comfortable life for myself without needing to find traditional employment in the rat race, my guess is you want to do the same. Well, OK then, it’s entirely possible, but let’s be clear about one thing up front – this will never be an overnight event. It will take years of hard work and sacrifice to the extent that perhaps returning to regular employment might seem like a better idea. But anyway, now that we are here, let’s see what’s in store. The concept of investing is very easy, you put in we’ll say “X amount” of money one day hoping to take out “X2 amount” of money some other day down the line, right? Except of course the final return in reality can be anything from 1% to one million % of your initial investment.

And the same thing can be said for the value of your regular cash savings, or more precisely the purchasing power of that cash. I think almost all of us, no matter what age you are, have at least one older relative who likes to tell us how much they could buy with $1 going back 20 or 30 or 40+ years ago. Well what’s the reason you can’t buy the same amount of goods in 2021 for $100 than you could buy in 2011, or for that matter 1961? Obviously it’s inflation but it would force you to ask yourself the question what’s the point in holding on to money in the first place. It loses its value, and the bank will charge you more than you earn for the privilege of helping you to store it. I mean if you have let’s say $100 in a bank account today that allows you to buy 100 apples, next year the bank will charge you $1 and the price of apples will increase, so you will have $99 in your account and can now only afford 98 apples.

OK, granted the lesson here is all a bit elementary school and nothing you guys don’t already know but at the end of the day it’s still something everyone eventually needs to confront and think about. Your money isn’t holding its value, in some cases it’s even costing you money just to even own money in the first place, so what do you do about it?

You see, there’s been this on-going myth about cryptocurrencies for years now that the whole thing results in complete fortunes either being won or lost overnight and no middle ground in between. Fair enough, the thing that grabs the headlines is the skyrocketing cost of BitCoin, which last time I checked was nearly $45K each to the dollar. The problem for most people is that this number could easily move $2K or $3k in either direction in literally a matter of hours.

Or at least that’s what you might think…. The reality is that few people can predict such things and even when they do a lot of it is just down to pure lucky guess work. The thing that makes bring up this subject is that I was recently reminded that on 20 June this year when the price of bitcoin was just below $34,000, one analyst made the forecast that the value would rise by $13,000 by the end of August. Lo and behold, on August 31 the price of bitcoin did indeed hit $47K, exactly what this self appointed expert said it would. I found out much later that the source of this information has earned quite the reputation for good predictions, whether it’s just good guesswork or based on solid info I really can’t tell you, they just seem to get it right more times than they get it wrong.

But there does seem to be a certain science behind the method here. Unpredictable as it might appear at face value to the majority of casual BTC buyers and sellers, there does look to be a long term trend that one can observe if you really are serious about investments in cryptocurrency going forward for years as opposed to just quick “in and out” sales overnight for a short term gain and profit.

It’s all about supply and demand, things which are in most industries relatively predictable but because in the case of BitCoin being such a relatively new concept isn’t an area where you always find that many dependable experts. It isn’t really something like real central bank issued fiat money, under the control of governments and with histories dating back centuries. BitCoin might be predictable, it’s just that a lot of people haven’t figured it out yet. In this case you just divide the current supply (stock) by its annual production (flow), which for BitCoin halves roughly every four years. These four-year cycles come with boom and bust price highs and lows, with new peaks consistently hitting us roughly 12 to 18 months after each halving event. The most recent halving took place in May 2020, and bitcoin hit a new record high just 11 months later in April of this year. Going forward then by this prediction BitCoin will return to its all-time high of $64,000 by October, before hitting $98,000 in November and $135,000 in December. I wouldn’t gamble any of my own money on this personally, I just want to be clear on that, I’m just saying that that’s the story out there which you can take or leave.

You see it’s the very simplicity of the model which means it is prone to being knocked off course by a multitude of external factors which can never be predicted, as was demonstrated when bitcoin crashed from $64,000 to below $30,000 between April and June this year. This correction came amid a devastating mining crackdown in China and Tesla’s (or Elon Musk’s) announcement to reverse an earlier decision to accept BTC as payment. We can then reference an earlier point, but still a recent one, of when in March 2019 BTC was valued under $4,000. A prediction then told us it would rise to $55,000, which it did, but again the question arises how much of that was just happenstance and how much was science? It’s like the old cliché about a broken clock eventually telling the right time, the value of every currency and commodity has to rise and fall at some point.

Here’s the thing though. It’s easy to make “bad” predictions when BitCoin is already at a low point. I’ve seen the expression “math laden marketing” used at a time when BitCoin was struggling to break above $10,000 just this year to discredit any positive opinion that a recovery was on the horizon. Possibly true, possibly coincidence, whatever way you want to look at it here we are three months later with a 400% rise in value. I can assure you the people cashing in on this don’t particularly care if you are laughing at them or not!

However the entire point of this article is to leave you with just one final point worth considering – the headline. BitCoin’s notorious volatility means it is never more than one bad news story away from suddenly crashing, we’ve seen this happen way too many times to deny it. But consider this – nobody who bought and (crucially) held BitCoin for four years or more has lost money. Never! Take whatever you like from that information, for me personally it’s that buying and selling crypto isn’t and shouldn’t be a get rich quick scheme but instead be a reasonable way to create an income for savvy online players no matter what your starting budget happens to be.

That’s just about all for today, guys. I hope you enjoy reading the MNO blog and if you have any suggestions regarding future articles please let me know via the MNO ShoutBox where you can also share your opinions on the monitored programs and the industry in general. Keep voting on the MNO TalkBack page as the final results will be drawn in the next blog post which I plan to publish in a few days from now. Thanks for staying with MNO – For Money Lovers!