Maisun Ibn Monowar, 13 September, 2018
As of writing this article, the price of Bitcoin is something $6000+. The support is holding still now. Lot of indicators will tell you to buy them right now. Most probably I’ll buy some within the week. But before you do so, I want to remind you few things.
Global Market Cap:
I’ve seen the bitcoin chart to react heavily to Global Crypto Market Cap. The market cap is now something like $190 B. This is the lowest in last 11 months. This doesn’t indicate a good news.
Pump and Dump:
I’m no expert, but I feel BTC has been the victiim of Pump and Dump after institutional players joined the market.
Just a reminder, don’t surrender to it.
I’m not going to tell you why you should buy BTC now, because there are articles already doing so. I just need you to keep these 3 points in mind.
Rule of law. Top priority for Bangladesh, in my opinion.
We have tons of problems, complains. True. Some can be tolerated. Traffic jam for instance. You can always get an Uber and keep working / reading in the back seats. 3 hours is a long time. Better use this time for something.
Overcrowded neighbourhood. Maybe can save and share. Over time, I think it’ll go away.
Low income. Expense is not that high. Yet. One can still survive.
Health insurance and quality healthcare. As my parents grow older, I find this critical. I absolutely love the Japanese healthcare system. Visit to doctors are expensive, no doubt. But 70% of the fee will be refunded by the government. In return, I have to pay a small premium each month. Mandatory health checkup every year. Well regulated dispensary. I wish my parents had the same benefits now. They need this more than I do.
Absence of a good healthcare system is sad. But, absence of rule of law in infuriating. Absence of rule of law forces you to be violent. Forces you to be the bad guy, the good guy, the law, the judge. Every person has their own interpretation of good and evil. Even if ‘everyone’ is the ‘good guy’, chaos is sure to follow. Violence is just as predictable. How do you be productive when you have no law watching your back? How do you focus on your job where you do not feel safe?