Do you Bitcoin? #mgtab @AyalaRachelle @mimisgang1

Photo by Thought Catalog from Pexels

Where were you when you first heard of Bitcoin?

If you’re like me, you probably thought it was money for a computer game or something boys did when betting on sports. Or maybe you heard of someone making and losing a lot of money on it, and you steered clear of it.

I first became interested in Bitcoin when the governments all around word started printing money in the middle of the pandemic. Suddenly, trillions and trillions of dollars flooded the economy. It was supposed to stimulate the recovery and create jobs for people who lost their jobs. It was supposed to help common folks make ends meet and give people an opportunity to improve their lives.

Instead, all that money [liquidity] flowed into the stock markets and the real estate market. Prices shot skyhigh and people were still out of work. Oil prices skyrocketed, lumber prices went through the roof, and the inflation rate just came out at an eye-popping 5%.

What does this have to do with Bitcoin? Well, it made me investigate Bitcoin’s claim of being digital gold, something that doesn’t inflate or devaluate. And that led me to figure out what sound money is. It’s money that keeps its value. Money that doesn’t lose purchasing power.

Did you know that every time they print money? When they create dollars out of thin air, that they are stealing from all of us? That our existing dollars become worth less? That inflation is a stealth tax on everyone, and extremely regressive? Meaning it hurts the lower class worse since they don’t own assets [real estate, stocks, and commodities]. It hurts those with fixed incomes, living on Social Security, getting a paycheck that doesn’t keep up with inflation, trying to keep their heads above water.

Well, it turns out Bitcoin is a non-inflating currency, and it is enforced on a decentralized network of computers by mathematical properties in such a way that no one can “print” more of it. There will ever be a fixed number of Bitcoin, and it can be used to store monetary value and help people who are disenfranchised by the traditional financial system be able to keep what they earn. The country of El Salvador became the first country to make Bitcoin legal tender in an effort to lift its citizens out of poverty. https://www.coindesk.com/its-official-el-salvadors-legislature-votes-to-adopt-bitcoin-as-legal-tender

So, if you haven’t heard of Bitcoin before, or you’re curious about it, then please look into it more, because it can hedge your financial health against all of the “money-printing” central banking system. I felt this was so important, that instead of writing my next romance, I wrote a book to help you take a deeper look at Bitcoin. I made it understandable and skipped the hype. My book is a common sense approach to taking a closer look so you can make your own decision, or at least understand what all the conversation and debate is about. https://books2read.com/smartwomansbitcoin

https://books2read.com/smartwomansbitcoin

This book is for the busy woman who wants to discover Bitcoin and understand enough of its mathematics and technology in order to gain conviction on how she’ll relate to Bitcoin.

  • You will learn about sound and unsound money, and why Bitcoin can never be inflated.
  • You will understand the way Bitcoin is created and why it is stronger and more secure than other cryptocurrencies.
  • You will get an introduction on ways to invite Bitcoin into your life: exchanges, wallets, payment systems, affiliate rewards, and tax considerations.
  • You will also get a dose of Bitcoin FUD (fear, uncertainty, and doubt) and explore reasons why Bitcoin might not be the right date for you.
  • Finally, you will be treated to a short list of influential women in the Bitcoin space to inspire you and let you know what can be done with Bitcoin to make the world a more equitable and inclusive place.

Good luck and happy Bitcoining!


Have you entered our monthly contest?

Win a gift card to support your reading habit!

Click here to enter to win today!


Join the Authors' Billboard Newsletter mailing list and get a newsletter filled with new releases and books on sale every Friday.

Start out your subscription with a free book!

About Rachelle Ayala

Rachelle Ayala is a USA Today bestselling author of contemporary romance and romantic suspense. Her foremost goal is to take readers on a shared emotional journey with her characters as they grow and become more true to themselves. Rachelle believes in the power of love to overcome obstacles and feels that everyone should find love as often as possible, especially if it's within the pages of a book. Her book, Knowing Vera, won the 2015 Angie Ovation Award, A Father for Christmas garnered a 2015 Readers’ Favorite Gold Award, Christmas Stray received a 2016 Readers' Favorite Gold Award, and Playing for the Save got the 2017 Readers' Favorite Gold Award in Realistic Fiction. She is also a writing teacher and founder of the Romance In A Month writing community. She lives in California with her husband and has three children and two birds.

12 Replies to “Do you Bitcoin? #mgtab @AyalaRachelle @mimisgang1”

    • Thanks! I’ve been in romance-writing bubble for so long, I don’t even know what the Shark Tank is. But yes, like a prairie dog peeking up from time to time, gotta keep up with what all is going on.

  1. Thx for writing that book! I invested in Bitcoin end of last year. Also added Cardano and Doge. I’ve been minting (they call it minting not mining) Qort with Qortal for a few months as well. The paper dollar is going away so I want to be prepared!
    Michele

    • Wow, you’re way ahead of me. I was still fighting/resisting Bitcoin last year when my son told me about it. I only got a little bit now that the price is so high. I’ve been struggling with understanding Cardano. Why are people so into it when it hasn’t deployed a single smart contract? Just curious. Maybe I’m not seeing something. 🙂 Thanks!

      • Cardano was an impulse buy for me and it’s been fun watching it rise. I don’t invest a lot. Ultimately we’ll have to be HODLers with Bitcoin and not spend it. If you are interested in a truly ground roots decentralized coin I would check Qortal. I describe them as hippie tech nerds. Great values. And a good way to get in on the bottom of something and learn.

        • Thanks. I’m dollar cost averaging tiny bits [hate the commission]. Guess I have to make more money on my books before I can get more. Will take a look at qortal. 🙂 But first, I have to write.

  2. My grandsons invest in bitcoin. I asked them to take out what they put into it as soon as it doubled. They did, then re-invested. It’s teaching them about the market as well as how investing works. So far, so good. They are careful not to invest more than they can afford to lose.

    • You’re welcome. Most books are either too technical, talking about SHA 256 and private/public key pairs or too hypey, with no mention of how the chain is secured other than “complicated math problem.” Hopefully my model railroad analogy helped with understanding why proof of work is needed to keep the chain secure and unhackable.

      I’m working on another book to understand “altcoins” and comparing Bitcoin to these newer alternative coins, and why people who complain about using electricity don’t understand that proof of work chains [everyone looks over everyone else’s shoulder] is more secure than proof of stake [everyone is untrusted a segment and then comes to a consensus about which segment is true, implies committee], and yes, proof of stake takes less energy because everyone doesn’t have a complete copy of a validated chain, but has to trust others for part of the truth. Anyway, for now, Bitcoin is the proven cryptocurrency and the longest lasting one, but beware of fly by nights like what happened to Mark Cuban who got rugpulled when a coin he invested in went to zero overnight.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.