Taking some off the top >> $BTC

Bitcoin is up 10% from my cost basis. Time to take some profits according to Robert Lichello's automatic investment management.

https://cheapogroovo.typepad.com/blog/2022/07/these-2-books-are-must-reads-investing-money-tradingsstems.html

https://cheapogroovo.typepad.com/blog/2022/07/the-latest-video-on-automatic-investment-management-money-miracles.html

Your order to sell 0.13636364 BTC has been filled for $4,025.47.
Your order to sell 0.005 BTC has been filled for $151.52.


@UPHOLD is another FTX. Bankruptcy Inevitable!

I earned very little BAT from using the Brave browser. I was not allowed to cash out when the BAT was transferred to UPHOLD since I didn't meet the minimum withdrawal amount. I added $25 from checking to meet the minimums. I converted the BAT and the USD to Bitcoin hoping to send it to my Robinhood account.

Here is what I saw when I attempted  to withdraw:

Screenshot 2022-12-16 12.08.08 PM

The money is just sitting there earning interest for UPHOLD. By the time I am eligible to get my money, UPHOLD will have filed for bankruptcy just like FTX!


Rethinking Bitcoin >> NETWORK EFFECTS

Network effects allow BTC to be the winner take all in the cryptocurrency market place.

When describing the power of networks, many point to Metcalfe's Law, which states that the value of a network is equal to the square of its user base. As a result, adding new members to a network causes it to enjoy disproportionate gains in value.


Only about 1.3% of the world's population owns bitcoin.

Using Metcalfe’s Law, one bullish analyst suggests a $12,000 to $13,000 fundamental value to bitcoin.