Copyright 2020 by Damon L Johnson
DEEP INTO THE BITCOIN RABBIT HOLE
Edited by SoFL Excellence Academy
Cover by Pixel Studio
Typesetting & Formatting by Black Bee Media
ISBN: 978-0-578-74950-1
All rights reserved. No part of this publication may be reproduced, distributed or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law.
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Adherence to all applicable laws and regulations, including international, federal, state and local governing professional licensing, business practices, advertising, and all other aspects of doing business in the US, Canada or any other jurisdiction is the sole responsibility of the reader and consumer.
Neither the author nor the publisher assumes any responsibility or liability whatsoever on behalf of the consumer or reader of this material. Any perceived slight of any individual or organization is purely unintentional.
The resources in this book are provided for informational purposes only and should not be used to replace the specialized training and professional judgment of a health care or mental health care professional.
Neither the author nor the publisher can be held responsible for the use of the information provided within this book. Please always consult a trained professional before making any decision regarding treatment of yourself or others.
For more information, email
AuthorDLJohnson@SoFLExcellenceAcademy.com.
CLAIM YOUR FREE GIFT!
To have the best experience with D EEP I NTO THE B ITCOIN R ABBIT H OLE , I have found that readers who download my free Rabbit Hole Resource Guide , are better able to implement faster and take the next steps needed to begin their journey into the world of cryptocurrency.
You can claim your free guide by visiting:
http://www.RabbitHoleResourceGuide.com
DEDICATION
I dedicate this book to all the youth in my family. May the information in this book inspire the mass adoption of Bitcoin and jumpstart the biggest wealth transfer ever seen in the world.
Jimmy (age 1)
Savion (age 3)
Price (age 5)
Aaliyah (age 7)
Nick (age 7)
Aden (age 10)
Mya (age 11)
Marcello (age 12)
Brelynn (age 17)
TABLE OF CONTENTS
DISCLAIMER
I am not an Investment Advisor. This book is for informational, educational, and entertainment purposes only. No information contained in this book constitutes tax, legal, insurance or investment advice.
This book should not be considered a solicitation, offer or recommendation for the purchase or sale of any cryptocurrency, security, or any other financial products and services discussed herein.
Readers of this book should know that Bitcoin is very volatile. You should do your own research before deciding to invest your money and know that you can lose all your money.
Readers of this book should not construe any discussion or information contained herein as personalized advice from the author or the publisher. Readers should discuss the personal applicability of the specific products, services, strategies, or issues posted herein with a professional advisor of his or her choosing.
Information throughout this book, whether asset quotes, charts, articles, or any other statement or statements regarding capital markets or other financial information, is obtained from sources which we, believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. Neither our information providers nor we shall be liable for any errors or inaccuracies, regardless of cause, or the lack of timeliness of, or for any delay or interruption in, the transmission thereof to the user. With respect to information regarding financial performance, nothing in this book should be interpreted as a statement or implication that past results are an indication of future performance.
INTRODUCTION
Compound interest is the eighth wonder of the world.
He who understands it, earns itHe who doesntpays it.
Albert Einstein
Bitcoin is the nineth wonder of the world.
He who understands it, earns itHe who doesntlearns it.
Damon L Johnson
Today is May 13, 2020. The price of bitcoin is $9,269.99 and the market cap is $170.4B.
Hello and welcome! My name is Damon L Johnson and I appreciate this opportunity to share with you my journey into the world of cryptocurrency. May 13, 2020 is the day I began writing this book about my twenty-six-month journey into the world of crypto that started two years earlier. In chapter one, I begin my journey in May of 2018, and by the time we finish the book in chapter seven, we have traveled two years back to the current time of May 2020.
In 2020 Bitcoin is eleven years old, however this relatively new digital currency has yet to gain mainstream awareness and acceptance from the United States public. However, 2018 and 2019 did present some subtle clues in the United States, that told the public that now, more than any other time in the past, is the time to pay attention to Bitcoin and cryptocurrency as a new asset class. We will cover these clues throughout the subsequent chapters. However, in this introduction, we will look at three clues that presented themselves in early 2020.
The first subtle clue came from the US Internal Revenue Service (IRS). Out of nowhere, in January of 2020, the Treasury Department added a mandatory question on the 2019 Schedule 1 of IRS form 1040 that asked,
At any time during 2019, did you receive, sell, send, exchange or otherwise acquire any financial interest in any virtual currency?
Did you notice that new question? This was a yes/no question, and of course, the IRS wants you to answer the question honestly, but the truth is, it does not matter how you answer this question because it does not affect the result of your tax return. However, the government is quietly telling you that as of 2020, cryptocurrency is now important to the government and we want to know how many people are already ahead of this new financial game.
There are several more subtle clues that presented themselves in 2020, but before I go any farther, I must stop right here and issue a personal warning.
What you are reading may change the way you look at money forever. Once you finish reading this book, your conscience will hold you accountable for your financial future. You will find that some ideas in this book are revolutionary. That is because a technology and monetary revolution is not only coming, but they are already underway. You can consider me your modern-day Paul Revere. I intend for this book to sound an alarm in your spirit because this revolution may not be televised. From this point forward, I put you on notice.
