Buy 1 Bitcoin, HODL Safely, Forget the Price, Then Wait to Become a Millionaire in the Future
People who want to become millionaires should consider Bitcoin as a great option.
Becoming rich is something that fascinates more and more people. As proof of this, I can cite the many questions about it that flourish on forums like Reddit, or on sites like Quora.
Money makes you dream. That is a fact. You only have to look at the number of stories written on Medium in which people explain how they have earned hundreds or even thousands of euros by applying certain methods that they propose to teach you.
At a time when everyone is wondering how to become a millionaire in the future, I am finally surprised that so few people consider Bitcoin.
Yet Bitcoin is an option that you should consider very seriously. Of course, Bitcoin goes much further than just the financial aspect. Nevertheless, it would be a lie if I told you that believing in Bitcoin today might not make much of a difference in your future life.
Contrary to my habit, I will therefore talk to you about Bitcoin only from a financial point of view, then explaining the strategy you should follow with Bitcoin to eventually become a millionaire in the future.
Be careful, I warn you in advance that this strategy is not suitable for everyone, and especially, that it is reserved for people who really believe in Bitcoin.
Bitcoin Has Already Made Many Millionaires
Bitcoin has already made many people extremely rich. The people who have already been able to make fortunes with Bitcoin are the cypherpunks and innovators who were among the first to lend a hand to Satoshi Nakamoto to test and trial the network in the early 2010s.
Innovators who saw Bitcoin’s full potential before others generally bought many Bitcoins at that time.
Their goal was primarily to test this fully decentralized Peer-to-Peer payment system based on cryptography.
As an example, those who bought $1 of Bitcoin in early 2010 ended up with $90,000 by the end of 2019. You read that correctly. This represents a capital gain of +9,000,000%!
This is phenomenal, and yet, Bitcoin is still far from having really completed its revolution.
Bitcoin has come a long way, but the road ahead is even longer.
Of course, not all early Bitcoin buyers have kept their Bitcoins. Many preferred to sell and take profits when its price reached $1,000 for the first time at the end of 2013.
However, those who really believed in Bitcoin preferred to continue HODL.
These people are even more rewarded today.
With Bitcoin, you have to understand that those who truly believe in its revolution, and decide to accompany it with a HODLING strategy are the ones who will be the most rewarded.
The Best Strategy to Take Full Advantage of Bitcoin Is Also the Simplest One
This strategy requires full belief in Bitcoin.
The sooner you become a Bitcoiner, the greater your reward in the future.
Buying 1 Full Bitcoin Should Be Your Goal
As I just explained, Bitcoin has already made many of the millionaires. Bitcoin has already rewarded Bitcoiners for their absolute belief in its revolution. Like me, you know that past success does not imply future success.
Irish politician and philosopher Edmond Burke said this as early as the 18th century:
“You can never plan the future by the past.”
— Edmond Burke
However, with Bitcoin, things are different in my opinion.
To convince you of this, I invite you to learn more about Bitcoin. First read Satoshi Nakamoto’s white paper on Bitcoin, then spend some time comparing the system Bitcoin offers you with the current monetary and financial system.
If you do that, you will surely start taking Bitcoin much more seriously.
You will then be able to better understand why all Bitcoiners are telling you that Bitcoin is only at the beginning of its path to success despite all it has already accomplished in its eleven years of existence.
For Bitcoin, I think this quote from Confucius is much more relevant:
“Study the past, if you would divine the future.”
Following the third Halving of Bitcoin expected around May 12, 2020, the price of Bitcoin is set to rise sharply in the next 18 months.
The very strong bull market that is expected will probably start in late summer 2020, before reaching its peak in the year 2021.
If you want to become a millionaire in the future, then you need to take the step and enter the Bitcoin world now.
The first rule is to only buy Bitcoin with money you can afford to lose.
As of March 8, 2020, the price of a Bitcoin is approximately $8.7K.
If you can afford to lose that much money by taking a controlled risk, my advice is to buy 1 full Bitcoin.
If you have a smaller amount available, you can adopt a Dollar Cost Averaging (DCA) strategy by buying Bitcoin on a regular basis over the next few months.
You will smooth out your costs, and get closer to the goal of owning 1 full Bitcoin while you can.
HODL Your Bitcoin Safely
Once you have bought 1 full Bitcoin, you will need to secure it on a hardware wallet. Investing in this type of equipment is essential to protect what you own in Bitcoin.
Bitcoin gives you back the power, but to take full advantage of that power, you need to take responsibility for what you own.
It’s up to you to adopt good practices if you really want to become a millionaire one day with Bitcoin.
The next step is to HODL your Bitcoins no matter what.
It sounds easy, but HODL Bitcoin over time is something that requires unwavering faith in Bitcoin. You will need to join the Bitcoiners club by demonstrating the following three essential qualities:
When the price of Bitcoin drops sharply, as it often does, you need to hold on, and not let fear get the better of you.
As you realize that the lowest annual price of Bitcoin keeps increasing, you will be reassured, and you will be able to detach yourself from its price on a daily basis as I did.
Don’t let the noise around Bitcoin distract you from its purpose, which is to build a fairer system for everyone in the future.
Forget Bitcoin Price
Now that your Bitcoins are safe on a hardware wallet, you can get on with your life with peace of mind. There’s no need to frenetically track the price of Bitcoin every 5 minutes.
Forget about Bitcoin price, and focus on the Bitcoin revolution.
Use your time away from the turmoil of the Bitcoin price market to learn more about Bitcoin, and the economy in general.
This is what I do, and what many Bitcoiners do. They develop their critical thinking skills by seeking to learn more and more.
You will then enter a virtuous circle, because the more you learn about the current monetary and financial system, the more your faith in Bitcoin will grow.
You will realize that if you came into Bitcoin for simple financial reasons, Bitcoin goes much further.
The purpose of Bitcoin is not simply money, but rather to give everyone the opportunity to live on their own terms by regaining full control over what they own.
Wait for Eventually Becoming a Millionnaire
No one knows what tomorrow will bring. You, like me, don’t know if Bitcoin will lead its revolution in the future. Even if Bitcoin will achieve mass adoption by the general public by becoming a unit of account, it is impossible to know how long it will take.
The only certainty we can have is that Bitcoin has a chance to succeed in this revolution by at least becoming a credible alternative to the current monetary and financial system.
The mere fact that Bitcoin has a chance to succeed in its mission is worth, in my opinion, your decision to own an entire Bitcoin that you will secure on a hardware wallet.
Then you will only have to HODL Bitcoin, and have full confidence in Bitcoin. It may be a long wait, but to become eventually a millionaire someday, you can afford the wait.
For me, not owning a Bitcoin is a much greater risk to my future than owning a Bitcoin.
So I have chosen the best option for my future, and since I can afford to lose the amount of money I have invested in Bitcoin, I’m not taking any risk at all.
The future will eventually reward my confidence in Bitcoin by allowing me to become a millionaire. Or it will never happen, but in any case, I would have seized this opportunity by taking action and have no regrets.
It’s up to you to make your decision for your future, and to decide if the Bitcoin opportunity is not worth trying in your quest to become a millionaire someday.