Smokin' 45 Alternative version 2 - BPM. Rock Fever - 65 BPM. Amen acapella - Alternative version - 63 BPM. Rock Classics: The Collection. Yes - "Roundabout" single edit - BPM. Hypoxia - "Badass" - BPM. Wilkinson - "Moonwalker" - BPM. Fresh - "Signal" - BPM. Noisia - "Diplodocus" - BPM.
L 33 - "Saviour" - BPM. Raze - "Leviathan" - BPM. Bladerunner - "Reflection" - 58 BPM. Saxxon - "Zapatera" - BPM. Ultimate 70s Rock Legends. Dedicated NFL Films production crews will be in both southern California training camps, shooting more than 2, hours of footage over the course of the series, offering an inside look at the daily rigors of an NFL training camp. Among the nine group stage matchups are past MLS Cup champions, historic rivalries, and recent additions to the league.
ET on NBC. Live coverage of qualifying will air Friday, July 3 at p. During the tournament, participating teams will be divided into two groups, each consisting of four teams, with the top teams advancing to a single-elimination semifinal match followed by the championship game on Sunday, July In terms of recovering seeds, Trezor Model T adheres to industry norms.
If you ever misplace your device, you can use your digit recovery seed to restore your wallet and data. Using your keys, Trezor locks your passwords with the password manager. Only after you approve the action on your Trezor will these passwords be made available to you. Therefore, your credentials will not be taken by someone else. The Trezor Model T has a staff of experts on call at all times. The customer service team is available 24 hours a day, 7 days a week to answer your questions and clear up any misunderstandings.
This is why Trezor Model T gets 5-star customer support. The brand has great client ratings since the workforce is prompt in serving to customers. You can also examine the reviews if you are sceptical regarding the quality of services. Trezor Model T is backed by a solid track record and is subjected to independent audits by security experts.
The Trezor Model T disclosure section reveals everything the company has to say about the device. The device supports all major computer operating systems. Additionally, Android is supported on mobile devices. You can keep as many wallets as you like. The use of a touchscreen deviceMore than 1, different currencies can be used. Supports SD cards. Expensive to useThere are a number of security holes in the system. The Ledger Nano S is widely regarded as one of the best and safest hardware wallets on the market today.
As a result, you should not be concerned about your bitcoins being stolen while they are stored in this wallet. You can, however, keep a significant quantity of bitcoin on the Ledger Nano S due to its vast storage space.
Moreover, you can keep your bitcoin in an offline method. This makes it even better, because offline storage offers more security and is safer compared to online storage. The benefit of using this disc is that it protects your private keys from prying eyes by encrypting them.
In addition, because the Ledger Nano S is a cold storage wallet, it is nearly impossible for thieves to get their hands on your money.
In addition, you can choose a PIN of your choice, and you can also set the digit recovery password. Theft or loss of your device necessitates the use of this password. Using the Ledger Nano S, you will have to download the ledger live, install the crypto software, and establish your account. The Ledger Nano S will confirm every transaction you make, so you can do whatever you want whenever you want.
In addition, it just weighs The Ledger Nano S is constructed of stainless steel and plastic. Stainless steel is a durable material that makes an item appear younger and better-looking than before.
The good thing about the Ledger Nano S is that it does not require a battery. If you have a desktop computer running Windows 8 or later, macOS ARM processors will not work with this device. Remember, you will need an OTG kit to connect your device with your computer or smartphone. This means you may buy different coins and store them in one spot.
Plus, you may install and remove apps on your Ledger Nano S device. There are no safety hazards, and the installation is the same as your phone. So, if you need additional space on your device, you can remove any app. The live ledger software and the Ledger Nano S make for a lethal combo. Ledger Nano S is unique in that it does not let you to access your money when you are not connected to the internet.
This makes it tougher for hackers to hack your account and take your coins. Supports more than 1, crypto coinsAllows you to choose a digit recovery password and Offline wallet ensures safety of money. Beginners might find it hard to useOnly 18 applications are considered Exodus: The best cryptocurrency management software. Exodus is the ideal pick if you are new to bitcoin or crypto in general.
Exodus offers various features and is fully free and non-custodial. This assures you can easily get your coins without wasting your time. This device has a built-in crypto exchange, which is already embedded in the device.
So, you do not have to do any installations. This exchange ensures you can trade your currency and execute bitcoin transactions utilising the software. Moreover, Exodus supports more than different coins, which implies the device certainly supports famous names like Bitcoin, Ethereum, and more. Whenever you are puzzled or have any issues, you may reach out to customer support, and they will offer you solutions in no time. The negative of Exodus is that it is the hot wallet, which makes it subject to attacks, because the wallet is online.
But, this does not stop Exodus from being the best wallet for novices. You can use your phone to manage your digital assets because Exodus is mobile-friendly. In addition, Exodus is supported by iOS and Android, so you do not have to worry about its usage.
Exodus ensures the high security of your funds. Therefore, it asks you to install a face or fingerprint as a lock to your device. This will ensure no one else than you can unlock your device. Moreover, you can also establish a recovery password. Make sure no one other than you knows this password. Using this password, you can regain access to your data in the event that you misplace your device.
You may quickly and easily swap your bitcoin for other cryptocurrencies by buying and selling them from the convenience of your wallet. Moreover, Exodus does not demand a sign-up. This makes it easier to use, as you do not have to submit information before trading your crypto. With this device, you may transfer and receive bitcoins safely. All you have to do is use a QR code or address, and Exodus will automatically examine the address you have provided and verify from you to eliminate all sorts of inaccuracies.
A new version of Exodus has been released every two weeks since the firm began operating in This is to ensure that you always have access to the most up-to-date technologies. Moreover, new software assures great speed for the users of Exodus.
In the privacy policy section, you may read why Exodus asks for particular information and how the organisation collects information automatically. Moreover, Exodus describes the methods it safeguards your assets from theft and hackers.
In addition, the agreements describe how the programme is used and how it is safeguarded in order to safeguard your data. If you use Mycelium, an online hot wallet, you can save a variety of digital currencies on your mobile device. This means you can quickly exchange your bitcoin or any other coin in an ordinary context.
The use of mycelium is simple, as are the instructions that come with it. So, you can get started hassle-free. A cryptocurrency exchange is already embedded into Mycelium, so you may purchase and sell new bitcoins with ease. So, Mycelium has made trading easy. In addition to software wallet connectivity, Mycelium now provides Trezor and Ledger cold storage wallet connections. This means there are various methods you can set up the protection and security for your currencies.
To top it all off, Mycelium gives you the option to choose your own transaction costs, giving it an edge over the competition. The problem is because these wallets are custodial, hence they are not secure or independent.
But, remember that even if a wallet is non-custodial, it may still not be secure. Mycelium does not require your ID, the revealing of any other identifiers, or you to submit any other data. In addition, the wallet includes accounts that can only be used to watch content. To enhance greater security, there is a separate backup system for single address accounts and many levels of pin protection.
Furthermore, you have the right to turn off all third-party services directly. As a result, you should use Mycelium since the wallet may be duplicated indefinitely, ensuring maximum security.
You can use Mycelium to create a copy of your funds in case something happens to the originals. All you have to do is follow the directions in the programme, which will build a backup for you. This means that even if you misplace your phone, you can still restore your data from a backup. Also, the procedure of restoring takes very little time. For example, if you misplace your phone, you can quickly and easily recover your accounts. You will, however, lose your money if you do not have a backup.
If you need to send money right away, the state of your bitcoin network will have a role in how quickly you send money. Be cautious while deciding on a little flat price because you have the authority to do so.
Your payment will be delayed if you set the fee too low, on the other hand. Using this method, you can obtain a copy of the entire blockchain. An encrypted seed generated by Mycelium can be used to recover your data if your wallet disappears. For this reason, before compiling this list, we took the following factors into account:. As a starting point, we looked at how long the financial institution has been in business, as well as its leadership, the methods it uses to store customer data, and the people who have access to your private keys.
We also checked to see if your account was insured, and if it had ever been hacked or stolen. We looked at reviews to check whether people had any issues regarding the services as well.
We narrowed the field down to only a few of the most reliable digital wallet providers after carefully weighing their input. A lot of people are curious about the security of your private key and how you protect their data. Therefore, we chose brands that held private keys with the users, because holding keys at the server are riskier.
We also verified that the wallets utilised two-factor authentication. In other words, you never know when your computer will shut down or if the rain will cause your laptop to sweat. In light of this, we made certain that the wallets provided adequate backup. As a result, we only considered businesses that provided back-up plans. Rescue links, passwords, and a pin code were all included in their backups in case something went wrong.
A number of wallets allow you to exchange different cryptocurrencies in one place. So, we selected wallets that supported most coins. This is because a multi-coin wallet makes it easy for you to trade any coin you choose without getting another wallet.
Therefore, we verified the wallets we selected had integration built-in, allowing users to change their currencies into another cryptocurrency. We examined if consumers could access a single wallet across multiple platforms. Due to security concerns, some wallets cannot be used across different devices. However, the availability of one wallet on many platforms provides ease. The market value of cryptocurrency is volatile, as it changes with the market conditions.
Therefore, the customer service of a corporation is vitally important. As a result, we measured how quickly each business responded to customer concerns.
After examining all of these variables, we shortlisted the five best bitcoin wallets. Along with examining all of these variables, we also read numerous publications to learn about user reviews concerning each wallet.
Learn the basics of Bitcoin and how hardware wallets work. The concept of investing in cryptocurrency is very new. All you have to do to completely benefit from the cryptocurrency revolution is learn the ins and outs of how it works and select the finest company to partner with. We have compiled a list of elements that will help you comprehend the bitcoin wallet :. To begin, you need be familiar with the concept of a bitcoin wallet. This is a software wallet that enables you save your private keys inside the wallet.
To communicate with the blockchain, your wallet relies on these private keys. Using the wallet, you may then check your balance, buy cryptocurrency, and sell it. Keep in mind that the blockchain provides the highest level of security and records all of your crypto-related transactions for your convenience. Additionally, keep in mind that your wallet will only hold digital crypto currency and not actual paper money.
With the use of a wallet, you may easily send and receive how much money you want. This transaction will be recorded on the blockchain, so you cannot change it afterwards. Before you utilise the crypto wallet, make sure you look for the primary features in that wallet. Generally, crypto wallets come in three formats — hardware, software, and paper.
Read up on each of these sorts to see which one best matches your requirements. This is probably the first thing you need to ask yourself — whether you want to pay for a bitcoin wallet or not. These wallets ensure a high degree of security. So, if you intend to keep a large number of coins in your wallet, a hardware wallet is a wise investment. Another advantage of using a hardware wallet is the ability to store numerous currencies on the same device, which may not be possible with a free wallet.
There are free wallets that are simple to use and provide high levels of security; however, this does not imply the paid options are inferior. Mobile and desktop devices can both be used to access your wallet. Therefore, you must determine the way you want to access your money. For example, if you are more of a phone person, you should pick for wallets that are compatible with your mobile device.
Make a decision on whether or not you want to keep more than one type of cryptocurrency, such as bitcoin. If so, you can get a wallet that only lets you to store one currency. However, if you want to store numerous currencies in one place, you should look for a multi-currency wallet, such as Trezor or Ledger.
The access retrieval technique is still another crucial consideration. Most clients want to use a wallet that provides them control of their private keys. Furthermore, you should avoid using exchange wallets since they lack sufficient security. As a result, before making a purchase, thoroughly familiarise yourself with the wallet and all of its characteristics. To further guard against hacking, make sure the wallet has two-factor authentication enabled. These are some things to think about before making a decision on a wallet.
So, make sure you complete your research before settling for a bitcoin wallet. It is possible to send and receive bitcoin or any other cryptocurrency using a Bitcoin wallet.
Your wallet determines which cryptocurrencies you may swap. In addition, you can use the wallet to check your bitcoin balance and to use the built-in crypto exchange. You can trade bitcoins and other digital currencies with this feature.
Storing your bitcoins in a wallet is virtually as safe as keeping them in a bank account. Moreover, a bank is less vulnerable to hacking compared to PayPal and other internet platforms. There are also numerous varieties of crypto wallets, such as HD wallets, brain wallets, desktop wallets, mobile wallets, hardware wallets, full node wallets, and more. Each of these wallets has something unique and interesting. Your phone, computer, or any other device can serve as a conduit for connecting to a hot wallet on the internet.
Hot wallets are considered convenient to use due of their rapidity. This is because anything connected to the internet is under the danger of malware or attacks from hackers. As a result, many people keep a limited quantity of bitcoin in hot wallets. This is because hackers are not usually interested in a modest amount of crypto. In contrast, cold wallets are not connected to the internet.
Because of their resemblance to USB devices, hardware crypto wallets are another name for them. Cold wallets are favoured by crypto enthusiasts and persons who deal with huge sums of bitcoin, because hackers are drawn towards stealing big amounts. Therefore, the users seek more security for their larger investments. The lack of an internet connection makes it nearly impossible to exploit a cold wallet. In order to access your account, the hacker will have to enter a number of passwords and PINs.
To conduct bitcoin transactions, the wallet makes use of your private key and bitcoin address, which is very much like your email address. As a result, these platforms only provide access to less secure hot wallets. To what extent does the answer to this question change based on the wallet in question?
If you are using a cold wallet from a known brand, you do not have to worry because the wallet is most likely to be secured using powerful software. Using a cold or a hot wallet can make a difference in terms of security. The safest wallets are ones that do not get connected to the internet. This is because the absence of the internet makes it hard for hackers to follow passwords.
Having the peace of mind that comes with knowing your money is safe in a Bitcoin wallet is invaluable. The most important thing is to pick a crypto wallet with care, making certain that the site is trustworthy and legitimate.
Since all of the solutions listed here fit this criteria, the next items for you to consider are the additional features you would like your wallet to have. This will help you find the finest bitcoin wallet for your specific needs. Cycling On-Chain is a monthly column that uses on-chain and price-related data to better understand recent bitcoin market movements. This eighth edition provides a year in review for …. This eighth edition provides a year in review for and then assesses what current trends look like going into A Year Of Modest Growth.
In January , the bitcoin price reached its first local top of its bull cycle, during which several on-chain trends changed. Most notably, sell pressure of long-term holders and miners started to drop off.
However, in February, one of the largest drivers of the price run-up into new highs also stopped doing so. Due to the popularity of the GBTC shares for entities that may not have been willing to self-custody large amounts of bitcoin themselves, the price of GBTC shares traded at a massive premium over the spot bitcoin price. Late February , this GBTC premium dropped to negative levels, closing the window for this arbitrage opportunity that took so much bitcoin off the market.
In hindsight, this change likely played a key role in the lack of vigor in subsequent months to confidently keep bursting to new all-time highs, like it did during the bull run. Since the start of , an increasing amount of capital has started flowing into other crypto assets like altcoins and non-fungible tokens NFTs.
Around that same time, the GameStop stock frenzy was happening, where retail investors colluded on platforms like Reddit and Robinhood to pump the prices of certain stocks that hedge funds were massively shorting.
A large portion of the market was clearly looking for assets with extraordinary upsides, regardless of the risk profile that was attached to them.
On April 14, Coinbase was indeed directly listed on Nasdaq. This event coincided with a number of executives selling their stock, causing a massive dump in the price of its shares that day.
Around the Coinbase direct listing, altcoin prices outperformed bitcoin by large margins, sending the Bitcoin Dominance Index, which is the percentage of the overall crypto market cap that consists of bitcoin, downward figure 4. Since the Coinbase direct listing mid-April, an increasing amount of bitcoin was being deposited on exchanges and the price kept making sideways actions.
A week later, on May 18, China banned its financial institutions from offering bitcoin services, exacerbating this fear, uncertainty and doubt FUD that created anxiety in a relatively overheated market. This combination of events sent the bitcoin price down fast. Many previously illiquid bitcoin became liquid again and were sent to exchanges.
This market capitulation event ended with a bang on May 19, as the downward price movements sent the value of many bitcoin-margined futures contracts below their liquidation prices figure 5 , triggering the automatic selling of the underlying bitcoin collateral of those contracts, sending the price down even further.
For China, the crackdowns on Bitcoin did not stop there. Experienced Bitcoiners have seen China ban and unban Bitcoin dozens of times since , but this time actually was different.
This period truly was one of the most uncertain times in Bitcoin during recent years. Were we witnessing an actual nation-state attack on Bitcoin, or was China making a decision here that has the potential to go down in history as the worst geopolitical decision related to Bitcoin? The whole point of a truly decentralized system is that you cannot ban that system — you can only ban yourself from using it.
Hash rate moving away from China also lowers the impact of future recurring China FUD Fear, Uncertainty and Doubt , as their potential control over the system will have actually decreased. Fortunately, this is exactly what played out in the subsequent months. Bitcoin once again showed off its resilience, as markets regained confidence during the second half of At the same time when China cracked down hard against Bitcoin, El Salvador opened its arms to it and announced that it would make bitcoin legal tender in their country.
This new local top was then followed up by a new higher low, suggesting that the overall trend in the bitcoin price had indeed flipped from bearish to bullish throughout the summer.
Throughout the summer, on-chain capital flows turned bullish again, as a lot of coins were being moved off exchanges, into the hands of long-term holders and illiquid entities. During , the U. Gensler had a history of having a more positive attitude toward Bitcoin, and throughout gave hints that a futures-based bitcoin ETF could be approved.
The run-up to the ETF launch sent Bitcoin into new all-time highs, but the ETF approval itself also functioned as a sell the news event. In subsequent weeks, the bitcoin price again recovered and created new highs but has been in a downtrend since.
During this latest downtrend, something interesting happened. Traditionally, long-term holders LTH , which are Glassnode-labeled entities that have held the majority of their bitcoin for at least days, tend to sell some of their coins during market strength and particularly during price discovery. In a recent Bitcoin Magazine article by Sam Rule, which highlighted a portion of a related Deep Dive newsletter, the bitcoin price was overlaid by the LTH net position change figure The reason for this is likely related to the broader macroeconomic circumstances and concerns about the economic impact of policy decisions related to the emergence of the new Omicron COVID variant that were pointed out last month in COC 7.
Although there have been positive signals coming out that suggest that the Omicron variant might not have as much of an impact on developing complications than the previously dominant Delta variant, policy decisions in some countries have been severe e. Similarly, the latest Federal Reserve meeting appears to have calmed down financial markets stock prices rose into new all-time highs since then , but a certain amount of fear and uncertainty remains active in markets.
From that perspective, the trends described in COC 7 are still relevant today. A reason that the market could not handle the modest sell pressure of LTHs after passing all-time highs was that most of the momentum that was present during the first half of is now gone.
Since the May capitulation event, on-chain activity has been in a downtrend, as was also pointed out in COC 4 at the beginning of September. During the second half of and first half of , the bitcoin mempool, which represents how many transactions are lined up, waiting to be included in the next block, was continuously filled. Since then, the mempool regularly clears, sending most transaction fees back to the bottom rate of 1 satoshi per vByte figure From this perspective, it is actually quite remarkable that the bitcoin price recently set new all-time highs, as the retail portion of the market was either distracted by alternative assets or simply just absent.
Since then, it has gotten more and more clear that this is indeed the case. For instance, when looking at the percentage of the transfer volume that consists of more wealthy on-chain entities e. The modest selling pressure by LTHs that was discussed with figure 9 can also be spotted in the downtrend in the green line in figure Furthermore, the red line shows that during the latest price downtrend black line , the sovereign supply, which is the total bitcoin supply that is not held on exchanges, did not see a similar downturn like it did after the mid-April market top Coinbase direct listing and subsequent Elon and China FUD.
The illiquid supply blue , which is the total bitcoin supply that is in the hands of entities that Glassnode identified as having little or no history of selling, has actually risen and is back at similar values as during the mid-April market top.
As was already discussed in COC 7 , the general state of bitcoin futures markets now looks, overall, to be more mature and healthier than during the first part of The total value in futures contracts open interest is at similar levels as during the early highs, but at neutral funding rates and based on more cash-margined collateral that has less downside risk during long liquidation cascades figure Similarly, the general market sentiment of bitcoin and cryptocurrency markets is now more neutral than during the first part of Historically, the bitcoin price has moved in very distinct, halving-driven, four-year cycles that can be expected to eventually diminish.
Many pricing models exist. Some simply extrapolate the price history of previous halving cycles on top of the start of the current cycle figure 17; white lines. Others are time-based regression models black dotted lines , or even modeled historic bitcoin prices with its disinflationary coin issuance schedule black striped lines. Each of these models has their own methodological limitations that require a very nuanced interpretation, but together they draw a rough picture of what may be expected if this current cycle does end up being somewhat similar to the previous ones.
Whether this cycle will actually be similar to the previous ones has been heavily debated in Others believe that, these days, the coin issuance schedule and related miner sell pressure is just not as relevant as it once was, and that the bitcoin price will be more of a random walk with an upward drift, potentially becoming less volatile over time. One thing is certain, following the outcome of this will be intriguing.
In hindsight, the initial — bull run was heavily driven by a combination of institutional FOMO and cash-and-carry trades. As soon as those arbitrage opportunities dried up and the narrative regarding institutional adoption changed, the market which was heavily overextended in altcoins and NFTs turned around.
The Chinese crackdowns against bitcoin mining that continued in the subsequent months suppressed any remaining bullish sentiment, driving speculators away from the market, as their dumped bitcoin gradually transferred into the hands of investors with a higher conviction and a lower time preference. The combination of the hash rate recovery, El Salvador adopting Bitcoin and the launch of the first futures-based bitcoin ETF fueled a new run-up in price, but in relative absence of retail market participants, the latest round of price discovery lacked the endurance to support modest sell pressure of long-term holders that sold into apparent market strength.
Perhaps did not bring the bitcoin price levels that many were hoping for, but overall, it definitely was a very constructive year for Bitcoin. Going into , Bitcoin does not have the same degree of bullish momentum as it did last year, but current prices appear to be at a much more balanced place from a downside risk perspective. Disclaimer: This column was written for educational and entertainment purposes only and should not be taken as investment advice.
This is a guest post by Dilution-proof. Opinions expressed are entirely their own and do not necessarily reflect those of BTC, Inc. But yeah, I'll have Dr. Seuss or maybe Antoine de Saint-Exupery. Remember this beautiful line, if you want to build a ship, don't drum up the men to gather wood, divide the work and give orders.
Instead teach them to yearn for the vast and endless seas. For many years, I've rocked other people's quotations. Generally, people who are no longer living, but with Morgan on, I thought, let's do something special, let's have Morgan, some of his greatest quotes, and that's why I think it was such an enjoyable podcast to do together because I'm pretty sure I can't get Dr.
Seuss on this show, and I don't think Antoine de Saint-Exupery would make a great appearance on this show in But you know who did, Morgan Housel. I'm really happy to let you know that Morgan's back for his second appearance on this podcast because he's about to join me right now with this cameo guest star appearance. Morgan, thank you for rejoining me here on Rule Breaker Investing. Morgan Housel: Thanks so much for having me. I'm just happy to be a stand-in for Dr. I'm [laughs] glad that I'm still living, [laughs] and to be one of the speakers here who is still living doing these quotes with you.
Let's cross my fingers that, that maintains for a while. David Gardner: Turns up, brilliant writers can actually write things and still be alive to talk about them, even on podcasts sometimes. They don't need to die to really be remembered and appreciated. I think that was true with Theodor Geisel during his life as well, I never did meet him. Did you ever get to be in the presence of Theodor Geisel? Morgan Housel: No. I have no idea when he lived.
What was his era? I have no idea. David Gardner: Now you have me going and checking with one of my best friends, as I've often said in the past of this podcast, Wikipedia.
Turns out Theodore Seuss, it was his middle name, Geisel, was born on March 2nd of , Morgan, he died on September 24th of Which means I was around for a good 25 years, and I never did get to meet him. But in between, he made a lot of people happy, and ever since then, , I think his reputation has only grown. Morgan Housel: I'm so curious people like that, what they're actually like in their real everyday life. When he's talking to his wife, talking to his kids, is he doing little rhymes, coming up a little crazy names for stuff, or is he just a normal guy, and that was his work personality?
David Gardner: Or maybe he has very strongly held angry political views that you just wouldn't otherwise [laughs] know, there's politics that runs through everything, if some people point that out about Seuss, but I got to believe he's a fairly mild mannered gentleman. David Gardner: I want to think that anyway, we both hope that. Well, Morgan, thanks for joining me. I want to start by asking you a familiar question.
Anybody who is listening thus far into the podcast, and that's Morgan Housel, what's one reflection that you have now about that podcast we did together? Morgan Housel: Here's what's interesting, when you come up with these quotes, that I feel like summarize how I think about money, how I think about investing, a lot of those quotes are things that five-years ago, I either had not really thought of yet, or I actively disagreed with them.
There's this thing in psychology called the end of history illusion. Which means that everyone is keenly aware of how they've changed in the past, but we all underestimate how much we're going to change in the future. I know that I'm a different person than I was 10 years ago, but I don't think I will be much different 10 years from now, that's the illusion that we all fall for.
That's a lot of what I think about this stuff, and with investing too, 20 years from now, you and everyone else are going to have different views about investing, some of which you would disagree with today. That's a little scary, it's also a little exciting, just to know that we're all going to keep learning and evolving and trying to figure out new things and realize how wrong we were at various things in the past, even when we were so certain in our views at the time.
David Gardner: Really love that reflection. I totally agree with that. In fact, I might be somebody who over-indexes toward changing more or faster than I think I will.
Some of us are probably more sticks in the mud, some of us maybe more fly by-night, I think I tend more toward the latter. Morgan, I was saying to my wife as I walked around and something I'll mention in a sec that, if I'd seen a picture of myself 10 years ago today, walking around these days in Crocs, in my house, Crocs, in socks, I would've wanted to punch myself out I think, 10 years ago and yet, there I am, I'm a big Crocs fan. Morgan Housel: To bring this full circle, Crocs and socks was a Dr.
Seuss book, was it not? I totally recommend it to anybody who's not seen it. It very much sounds Seussian. June 9th, Morgan, was when you and I spent time together on the podcast. Here we are about six months later. Have your views changed, modulated at all in the last six months in any way that's identifiable to you? Morgan Housel: Here's here's one thing that sticks out. I was thinking about this the other day. March of , when COVID really hit and people started paying attention to it, the market collapsed, market fell 30, 40 percent, and the global economy collapsed as well.
Twenty million Americans lost their jobs in three weeks, completely without precedent, at that time, and for probably a year after.
I thought that the economic crisis of would've been a generational scarring event, similar to the great depression or , where it just, it's so traumatizing to so many people that it sticks with them for a long period of time. I think I believe that less now than I did a year ago. Particularly for the stock market, in that, that market crash of was so short lived, and it was followed by such an enormous rally that's brought us to where we are today. You add in this other element that I didn't really think about it the time, which is that in March of , most people were not paying attention to their stock portfolios.
Even if they were investors, they were worried about their health and how they're going to get their kids to school, and how do you work from home , and is the grocery store out of food? Morgan Housel: Your stock portfolio performance was not on the top 20 list of your worries at the time. Because of that, I think the impact that it had on investors is much less than previous market crashes. I think I've augmented my views of thinking that what happened economically in , is going to have a smaller scarring impact on people than I thought it did one year ago.
David Gardner: Really well said. Indeed, it was shocking to me to watch the stock market go down 35 percentage points in 32 days as I recall. Then to think that we were higher by year-end or at least a lot of the Rule Breaker stocks that I follow, were well higher and I think you and I talked about this. I think this is probably a truism at this point that what was happening in part of the last 18 months with the rises's stocks were borrowing forward some of their futures.
We saw things like Zoom accelerate. Just zoom to the point that it was probably borrowing forward from some of its growth and gains in still the years to come in a dramatic month rally. We have seen the last month or so, some of these companies give away quite a bit of value. Of course, I will say about you, Morgan, as I recall, you are an index fund buyers. You may not even care about Zoom versus anything else or disabuse me of that.
0コメント