About RadVladdy – All About Bitcoin

Who is RadVladdy?

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Intended Audience

This site, RadVladdy – All About Bitcoin is for people I care about — my family and friends, because I have a high-level of conviction that bitcoin will be at minimum, broadly adopted as a global store of value (digital gold)/international settlement money.

I also believe it will likely, be adopted as a more broad, global monetary base (a la the bitcoin standard). When/if this comes to fruition, those who saved/invested/speculated early in bitcoin will see great gains to their personal wealth. I would prefer that the people I care about most (those who believe in family, freedom, service to others) do well, financially in the future.

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Purpose

I have been learning about and investing in bitcoin for the past 6-years. I am attempting to take the hand of the total novice, and help them understand what bitcoin is, why it is so important, and why he/she should consider investing. The information is organized in a way, where you start at the beginning, and slowly gain a deeper knowledge as you read/listen more.

I have learned a lot about bitcoin through studying. More importantly, I’ve made countless personal mistakes. With the site, I try to share the very best resources and some personal commentary, where appropriate.

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My rules for bitcoin investing

(based on personal experience). Ignore at your peril!

• Don’t trade. Just buy and hold. Accumulate. The only number I pay attention to is the amount of bitcoin I have, not the US dollar value.
  • Trading has tax consequences.
  • Selling/spending has tax consequences.
  • I will sell some bitcoin in several years if it is broadly adopted(purchasing power has somewhat stabilized), or I will spend some if a merchant requires bitcoin for payment.
• Bitcoin only. Don’t mess around with low-liquidity alt-coins. Most are scams. Most are money-grabs. Some have interesting technology, but won’t likely capture value. Bitcoin is designed to store value. Money is a winner-take-all or winner-take-most game. Don’t get distracted by blinking lights and buzzwords.
• Bitcoin is a long-term investment. Expect significant short and intermediate-term volatility. 50%, 80% drops are normal. Over time, those bad drops and crashes are eventually overcome.
• When you first gain exposure to bitcoin and learn about it, lump sum investing makes some sense (a certain % of your savings that you don’t need for several years). Moving forward, I personally prefer dollar cost average (DCA) technique. Invest a regular amount of US dollar $$ (or your favorite local fiat) funds, appropriate to your financial situation, on a regular basis. This helps to smooth out the volatility over time, and adds up! When bitcoin crashes, I usually buy a bit more.
• Have a strategy to buy more bitcoin when it is a particularly good deal. I’ve got some ideas in the Price tab.