Here Are the 5 Rules That You Must Embrace Right Now to Get the Most of Bitcoin
No need to complicate things to enjoy Bitcoin.
The year 2020 is a turning point in Bitcoin history. Within a few years, the coronavirus pandemic will be recalled as the tipping point for Bitcoin. I was already thinking this at the end of March 2020, and the months we have just lived have only confirmed this feeling.
Before this coronavirus pandemic, many investors viewed Bitcoin simply as a volatile asset that could be used to boost the performance of their portfolios.
Since the coronavirus pandemic hit the world, the perception of Bitcoin has completely changed in the minds of a growing number of investors. More and more institutional investors see Bitcoin as the best hedge against the great monetary inflation we are currently experiencing.
The economic crisis triggered by the coronavirus pandemic has gone through this. The exceptional measures taken by the Fed and other central banks have highlighted more than ever the flaws of the current monetary and financial system.
Faced with the limitations of the current system, many realized that Bitcoin was not simply an asset like any other, but the best store of value available for the years to come.
Thus, Bitcoin’s adoption has been accelerating for several months now. This trend is going to accelerate in the coming months, and that is why I think it is always good to remember the basics to get the most of Bitcoin safely.
In what follows, I propose 5 simple rules to follow, but which will make all the difference. If you follow them, you will enjoy the Bitcoin revolution in complete peace of mind.
1. Don’t waste your time and money in trading
Some enter the Bitcoin world with the desire to have fun and live a great exciting adventure. In the Bitcoin world, what is exciting and thrilling is to be part of the beginnings of a monetary revolution that will change the world of the future.
Buying and selling Bitcoin as a trader is no fun.
It is even the best way to waste a lot of time and money. Indeed, trading is a discipline in its own right and requires very specific skills. The truth is that few people have these skills.
If you are new to the Bitcoin world, you probably don’t have these skills. Don’t try to have fun with Bitcoin by acting as a trader. It is the best way to lose a lot of money.
Instead, be a Bitcoin HODLer who chooses to hold Bitcoin in the long term. This quote from billionaire George Soros should help you adopt this strategy:
“If investing is entertaining, if you’re having fun, you’re probably not making any money. Good investing is boring.”
— George Soros
Winning investments in life are the most boring. By becoming a Bitcoin HODLer, you will benefit from the boredom that this strategy can induce some times.
Some Think HODLing Bitcoin Is Boring. They’re Right, and That’s Why This Strategy Works
Don’t miss the point on what makes a winning investment.
2. Understand that the majority of Altcoins are Sh*tcoins. Ignore them
Bitcoin is the king of cryptocurrencies. It is the undisputed leader of an industry that it is at the origin of. In the minds of the general public, Bitcoin = Cryptocurrencies.
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Its competitors are light years away from Bitcoin.
However, after the first purchase in Bitcoin, many people notice that there are more than 7,000 cryptocurrencies listed on trading platforms.
Those who make the mistake of not learning more about Bitcoin miss the why of Bitcoin, but more importantly the incredible importance that Bitcoin will have in the world of the future. These people are often tempted by Altcoins.
They listen to the voices of those who tell them that they can generate big profits with these Altcoins.
If you can make a profit once in a while with these Altcoins, you will always lose out in the long run. The majority of Altcoins are what we call Sh*tcoins. I’m talking about projects that came out of nowhere and whose founders’ goal is simply to make the most money by abusing your trust.
Sooner or later, the value of 99% of these Altcoins will eventually reach zero. It is only a matter of time.
Rather than wasting time and money, you must ignore these Sh*tcoins and focus on Bitcoin, which is the true monetary revolution.
3. Only Bitcoin matters in the long term
New cryptocurrency projects are launched every day. Countless cryptocurrencies have been launched claiming to be the next Bitcoin.
Under the pretext of a technology that would be superior to Bitcoin, these Altcoins would be able to bury Bitcoin.
Make no mistake about it. In the long run, only Bitcoin matters. Indeed, it is not technology that makes the difference in this universe but monetary attributes. Technology is only there to give credibility to the monetary attributes.
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You need to understand where the real competition for the future lies.
In the field of monetary attributes, Bitcoin is the undisputed and indisputable king. Add to this the decentralization of its network, and you will understand why Bitcoin is a unique invention capable of changing the future of the world when it comes to money.
Searching for the next Bitcoin is as useless as searching for the next Internet. Bitcoin is a unique invention that will remain in the future. Bitcoin will evolve in the years to come as the Internet has evolved since its creation. Bitcoin’s current flaws will gradually be fixed.
Never forget this. It will help you not to fall into the traps set by the founders of Sh*tcoins who will try to exploit your gullibility and greed.
Greed is the number one enemy in the Bitcoin world. Avoid this cardinal sin.
4. Stack Sats, Buy Bitcoin, HODL
Often compared to a digital version of gold, Bitcoin has many important advantages over the precious metal. Bitcoin is objectively a better store of value than gold.
Among the advantages of Bitcoin over gold is the fact that Bitcoin has greater divisibility.
Thus, Bitcoin is divisible up to 8 digits after the decimal point. The smallest unit in the Bitcoin world is called Satoshi in honor of Satoshi Nakamoto who invented Bitcoin.
We have the following equivalences:
1 Satoshi = 0.00000001 BTC
1 BTC = 100,000,000 Satoshi
You will often hear that by owning 0.01 BTC, you are literally a millionaire in the Bitcoin world. This is because you will then own the equivalent of 1 million Satoshis.
In the world of the future, when the Bitcoin revolution is fully successful, the standard unit of measurement will become the Satoshi, not the BTC. Talking in Satoshi will be the norm.
By then, 1 Satoshi may even be equal to 1 U.S. dollar.
Under these conditions, you must accumulate as many Satoshis as possible right now. There is no shortage of opportunities on the Internet. The #StackSats movement that has developed during the year 2019 in the Bitcoin community is there to make you aware of this.
With this in mind, you will be able to apply the best possible strategy in the Bitcoin world:
Stack Sats, Buy Bitcoin, HODL Bitcoin, Iterate.
The simplest strategies are often the most effective in life. This is once again the case with Bitcoin.
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Many people often ask me what my strategy is with Bitcoin. I may surprise you, but it is actually extremely simple…
5. Enjoy your journey into the Bitcoin revolution by being Zen
By buying Bitcoin today, you will have the chance to step into a new world at the very beginning of a true monetary revolution that will change the future of millions of people regarding money.
Bitcoin aims to build a better world for all in the future. A fairer world in which everyone will have equal opportunities. This is what is revolutionary with Bitcoin.
All Bitcoin users have the same opportunities when buying Bitcoin.
Once you decide to become a Bitcoin HODLer, you will have an advantage over Bitcoin Traders. You will be able to be Zen and enjoy your journey into the Bitcoin revolution.
This simple chart will help you to be calm and enjoy your journey to the fullest:
On this chart, you can see that HODL Bitcoin has been a profitable strategy 96% of the time since its inception.
As you can see, by becoming a Bitcoin HODLer, you will have nothing to worry about. You will have time to learn more about Bitcoin, money, and the economy in general.
Bitcoin’s adoption will continue to accelerate strongly in the coming months. In these circumstances, I believe it is essential to remind potential new entrants to this world the golden rules that must be followed to take full advantage of the Bitcoin revolution.
By following the 5 rules I have just revealed, you will get the most of Bitcoin in complete safety. You will be able to enjoy your journey through what promises to be a monetary revolution without precedent in recent world history.