It's scary to look back now, but seven years ago I met a gentleman at our local YMCA who boasted he was a day trader in the stock market.
He was a extremely nervous person, whose eyes were as wide as a bugs; almost popping out of his skull; as if his brain were processing so much information it were about to explode.
As I walked the track, he kept staring at me. At first it was making me nervous. Then when we finally did strike conversation it was a match that lit a fire. One of the first things we connected on was a documentary named Zeitgeist.
It's always refreshing hearing someone else's opinions of government corruption when you're so lucid of it.
At the time I'm not sure what Bitcoins value was. I had only heard of it from seeing on the news that it hit $1300, but I understood the basics of P2P technology so it captivated my interest.
I asked him if he knew what Bitcoin was, surprisingly he had never heard of it. But what he told me next stuck in my head for a very long time.
He explained his life like this: "I literally don't sleep. When I'm not trading American stock, I'm trading companies in China. I compete with bots and trading algorithms in a ever increasingly difficult battle to maintain a 50% or higher positive trade ratio.
I own my own house, drive a $50,000 BMW, pay for my son's private school and get free comps at casinos. I've done it all day trading, it's extremely risky, you need at least $10,000 to start but once you're good and you start trading $50,000 or more a month you get special software that makes trading easier and potentially more profitable.
If you're good, you can double your money every year until you're a millionaire. I just stick with 3 main stocks (one of the ones he told me was AMD) so I still have massive reserves in case I ever encounter losses day trading, and I'm playing the long game on those."
Although there are many reasons to be skeptical of what he was saying, at the time I was ecstatic. I felt brand new, born again. Finally, freedom of thought. I realized money was the answer to all my problems and I knew exactly how I'd get it.
He told me, just work your ass off and save up $10,000 and you can start day trading. Read every book about trading and learn as much as you can. You can be like me, anyone can.
The key takeaway though, he wouldn't stop repeating this: don't be an emotional trader. He claimed what separated him from other traders was he doesn't let himself get attached to the ups and downs of the markets.
I figured this might be a good read for someone out there like me, who missed out on lambos and being rocket launched to the moon in 2017, despite my deeply embedded belief that Bitcoin would bring more good to the world than harm.
Something tells me I'm not the only one out there. So don't be emotional about anything. Just remember this:
Bitcoin Cash is only 3 years old. Bitcoin Cash contains more of the original Bitcoin code than Bitcoin core does (in the form of OPCodes and BIP) Bitcoin Cash shares the same Genesis block as Bitcoin core, so anyone who tells you that BCH is not Bitcoin is lying. Bitcoin Cash is different from other "forks" which are really just clones of Bitcoin, because Bitcoin Cash forked on chain.
Bitcoin Cash is just a temporary name! If Bitcoin Cash overtakes Bitcoin core in market cap or hash rate, the names could be reversed with Bitcoin Core taking on a new name, Bitcoin Classic; with the rightful Bitcoin described in the white paper taking it's place, Bitcoin Cash. Bitcoin Cash is more decentralized; since it allows more transactions more people use it. Hefty miner fees circumvent decentralization.