What Bitcoin Monster Are You Seeing – Bitcoin Magazine
This is an opinion editorial by Will Schoellkopf, author of “The Bitcoin Dog” and host of the Bitcoin podcast “It’s So Early!”
Halloween is approaching and it’s time to face your fears. Can you honestly look at yourself in the mirror and not see anything scary when you look back?
I’ll take inspiration from Dawdu Amantanah’s article in Satoshi’s Journal for four different Halloween monsters you can see in the mirror based on what type of bitcoin investor you are: novice, technocrat, trader, or maximalist.
To the rookie in the mirror, AKA Casper the Friendly Ghost:
So you want to buy bitcoin – but what if you don’t want to be an investor? What if you just want to fly around as a friendly ghost and don’t want to consider risk/reward liability? Are you willing to just save the value of the work you’ve done for the future without being tempted to join the other ghouls in their shenanigans?
To the Trader in the Mirror AKA Boogeyman:
How tempted are you to act; “There is a way to make money with bitcoin!” When bitcoin is the money! Should you spin that altcoin roulette wheel or keep rolling the dice for snake eyes? If the Boogeyman trades his bitcoin for fiat, is he really a Bitcoiner – or a monster?
To the Technocrat in the Mirror, AKA Dr. Jekyll and Mr. Hyde:
Are you sure you are not more attracted to “blockchain technology” than to Bitcoin? Dr. Jekyll appreciates proof-of-work and decentralized money, but when you hear about other protocols doing a “Merge, Surge, Verge, Purge, And Splurge” does Mr. Hyde appear? Are you more tempted by zk-SNARKs, Danks hardeningand soul-bound NFTs, or are you content with an ossifying blockchain that simply wants to be a once-in-civilization monetary revolution for the world?
To the maximalist in the mirror AKA the Zombie:
If you are truly a maximalist, are you ready to be declared “dead” over and over again? Bitcoin is a volatile asset that has lost 90% of its value in a short period of time many times. Can you become the living dead, get back up every time the price drops, and HODL your “risky” bitcoin for decades? What is dead can never die!
To the final boss in the mirror AKA your reflection:
For some, the scariest monster is looking in the mirror and seeing your own worst enemy, yourself.
But stand firm! Just like:
1 BTC = 1 BTC
You = You
As you travel down the Bitcoin rabbit hole, you’ll find that the biggest return isn’t the purchasing power of your satoshis, but what you learn about yourself along the way.
I’ve learned that the more I give, the more I receive, so I’m happy to contribute more content to a medium for plebs like Bitcoin Magazine!
Thank you for your support during my scary journey down the Bitcoin rabbit hole. I hope this article helps your self-reflection and keeps the torch lit as you continue.
This is a guest post by Will Schoellkopf. Opinions expressed are entirely their own and do not necessarily reflect the opinions of BTC Inc. or Bitcoin Magazine.
