INVESTMENTS

True stories with a twist!

Posts tagged ‘INVESTMENTS’

THE BITCOIN DILEMMA

What is Bitcoin? What is it, why are people talking about it? Why is the value of Bitcoin so far above other speculative investments? Or is it? Nobody seems to know. The most experienced financial people I have met don’t really understand the concept of Bitcoin, yet I see articles about it in financial sections of the newspapers. Somebody knows something, but are not making themselves very clear.

Bitcoin cannot be touched, carried, or seen. It is a virtual currency that can be used in trades or in purchases.

By whom? Why? How? Who sells it? Who accepts it? Who thinks it’s currency?

No matter how much I read about it I still don’t understand what it is, how it can be worth anything, how anyone can buy anything with it, or who accepts it as payment when it does not exist. It sounds more like a Jerry Seinfeld episode on his “show about nothing” than a means of exchange.

If anyone can shed some light on this strange concept of money please write in. But please don’t try to sell me any Bitcoin; I’m having enough trouble keeping my checkbook balanced!

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Investments. What is the first association you make with that word? Money? Look for a good investment, reap rewards and live well. Everyone needs some good investments.

Money is what most of us associate with investing, but money isn’t the only commodity you have to invest. Time is an investment. If you spend time pursuing one avenue, that allotted amount of time is spent; never again will it be available to spend somewhere else. So when someone says, “Oh, I don’t have time for that…” what does that mean? They don’t choose to bump out something else in their time lineup to replace it with what they’re being asked to do. It’s all about organizing investments and choosing priorities. It’s your time: nobody can make up to you the time that is lost.

Many thoughts about investing time lead to good ideas which lead forward and are productive. Some simply replay old DVDs of past experiences. That is unproductive thinking: they are past and cannot be changed. Click “delete” from your memory bank and if they pop into your mind again, just say, “unproductive thinking” and move ahead.

We hear then word “should” often. It comes from expectations and ideas we think we need to fulfill. Other people seem to have lots of ideas about what they think we should or shouldn’t be doing. “You should do this.” “You should do that.” or “You shouldn’t do this.” “You shouldn’t do that.” If these voices play and replay in your mind, you are allowing those opinions to “should all over you!”

The new year is ten days old. Some old ideas need revisiting and revising. Happy New Year, all. May you all make some great investments.