momentum-analytics.io

View Original

Why are populations in dictatorships building crypto positions?

image by Ali Tawfiq

Would you be surprised if I told you that in the last 30 days we have seen significant growth in the visitor analytics to our site from the following 2 countries:

  1. Australia

  2. Canada

Now, I wonder why?

Could it be anything to do with: Locking away and preventing the movement of citizens, pushing policies to deliberately divide society, forcing people to take medication to work (or play sport), tracking their movements, threatening to kill their animals, using extraordinary measures against protestors and then freezing assets and bank accounts.

So big shout out to the fringe leaders in these great nations - who clearly missed their history lessons at school. Our "Black Face" Mr T was obviously even naughtier, he must have missed economics 101 (consequences and outcomes of communism) after he so eloquently spoke of his admiration of China’s Communist Party. I’d include you in on this one JA of New Zealand and all the companies like gofundme (your business model is dead).

Please keep up the great work, you are doing your citizens a wonderful service. You are opening up eyes like never before. They are spending the time:

  • to read and understand the bill of human rights (google them yourself and have a read),

  • to see how the current economy doesn’t actually work for them, how they work for currency that is a confidence game and inflation is actually a big deal.

  • to question what freedom of speech really means (thanks Joe R for highlighting this one, and thanks too to MSM for showing us exactly who you play for)

  • migrate away from social media platforms that don’t respect privacy and drive cancel culture

  • to understand the importance of the right to protest (whether you agree with the protest or not, is not important - defending the right to protest is whats important)

  • To understand Bitcoin and Crypto

“These nations do not have sleeping sheep, one by one the lions are being awoken”

Now for those of you are looking to build a position in crypto and don’t know where to start, here is a thread I wrote last week which will help. The story talks about “a guy”, but rest assured it does not matter if you are young or old, male or female, they, them, you are all included:

1/

There are 3 key ways to build a crypto position:

1. Take crypto as payment

2. Use defi yield tools

3. Follow the money

There are stories everywhere about #1 & #2 Nobody likes to hear about #3 To bad, today in this thread 👇, you will see how our guy made a start with #3

2/

Our guy was in his late 50s and had been looking for a way to get into crypto. He had a 5% portion of his speculative cash available to earn a little extra yield - ie the money he was prepared to allocate to highly speculative assets.

3/

The though of opening an exchange account, depositing money, deciding which crypto to buy and then moving all his crypto onto a hardware wallet or diversify risk by using multiple exchanges, was a step too far for him. But he didn't give up ...

4/

Being able to tell his grandchildren, even his son, that he owned some crypto sounded just awesome. What was more, he found a way to leverage the skills of seasoned crypto veterans, by copying their strategy. He could even add to his account monthly (or whenever he wanted).

5/

The product he went with in the end, didn't require him to have to pick an exchange - he didn't even know what that was, until someone explained, it was just a term for "where you buy crypto". - The exchange was registered with the Financial Conduct Authority (FCA) in UK ✅

6/

So he followed the simple instructions from the PDF he received to open an account and then followed the process to verify his account. Initially he did not worry about depositing money: - He used a simple gift code to fund his account ✅

7/

Our guy had previously been very concerned that he knew nothing about crypto. There were so many of them, which one would he choose. Was there a way to copy the allocations of some industry veterans (like an index)? - There was, he could copy "Rational Active Allocation" ✅

8/

It was at this point, that our guy began smiling (I can see you smiling). There was one last question about diversifying risk that needed addressing. - The platform uses multiple exchanges (requiring multiple signatures from different people/orgs) to protect assets ✅

9/

So with all his concerns dealt with - he decided to purchase the Crypto Starter Kit (*) he had seen advertised. He did this straight from his phone (he could even use apple pay and his finger to checkout). After paying he received an email confirming his purchase with a PDF.

10/

The PDF included in the Crypto Starter Kit (*) had everything he needed to get started on his journey to owning his first crypto. The gift card (2 amounts available) was then generated and emailed to him to load onto his account to copy the "Rational Active Allocation" strategy.

11/

If you want to start a position just like our guy in the story, check out RAAINDEX here.

(*) We no longer offer this product, find out more here

Lastly, I dedicate this blog to all the dictators out there, the cover image of this blog has a bicycle - I suggest you get on it!

DISCLAIMER

This publication is general in nature and is not intended to constitute any professional advice or an offer or solicitation to buy or sell any financial or investment products. You should seek separate professional advice before taking any action in relation to the matters dealt with in this publication. Please also note our disclosure here