I'm not a Bitcoin Maximalist, and neither are you, after all...
...we are both blogging and consuming content on an obscure, digital money-generating, anti-establishment fighting, pseudo-anarchy supporting, deep-web-money-laundering relating, taxation-is-theft promulgating, inflation-kills-economies believing, conspiracy-theories accepting, self-definition living, off-grid-mentality acquiring, revolutionary-mindset thinking, North Korean crotchet weaving, Latvian-Origami making, Norwegian Guerilla training, Peruvian Salt Water drinking, ecosystem.
We are the kind of person that believes Hive will eventually and ultimately moon, and that's why we are here.
But that doesn't mean we don't see the intrinsic value of holding Bitcoin long term.
Over the last few days I've gotten several whatsapp messages asking me about Bitcoin and if they should buy right before what is considered alt-season and BTC all time high season. Even they have heard that Crypto pumps stupidly high in January, and the FOMO comes to their minds - most of them will forget about it in a few weeks when the news channels tell them to, but right now they are interested.
So, in order to have a small draft that I can just copy and paste into every conversation with every single person asking me about BTC, and go on with my life and let them decide for themselves.
Are you interested in Bitcoin?
- Bitcoin doesn't have a TOP price and the All-time-high will keep breaking through, because FIAT has no bottom. There's no way that central banks and the World Bank Group will let FIAT go to zero, so as long as there's fiat money around, there will be Bitcoin pumps.
- Don't try to time the market: If you have extra cash that you don't need and want to invest, buy Bitcoin. Don't attempt to guess if the price will go down or up, just buy and store your BTC.
- Hold steady. Even if the price plummets, do not sell you BTC at a discount to the millionaires waiting for you to sell - and maybe even pressuring you to sell by attempting to manipulate the market.
- The price of BTC is irrelevant. As long as you hold BTC and not Fiat, you will be ok in the long run.
- Price crashes and price moons are normal. Leverage, futures and short/long positions are normal and the market reacts to them, these are forces you don't want to understand, just know that price swings are normal, don't get scared. Don't sell.
- If you feel like the market is trying to shake your pockets, shush it, buy more.
- It is never too late to buy Bitcoin. The Fiat currencies will always inflate and lose value, every time you buy BTC, you are protecting the value of your money against this inflation.
- Don't try to be handsome. Don't short, long or leverage trade. You will end up losing it all.
- Buy your BTC and store it in a hard wallet offline. Do not keep your BTC on exchanges. Once you buy it, transfer it. And do not lose your private keys.
- CBDC (central bank digital currencies such as the Venezuelan Petro) are a scam, not different than erc20 rug pulls. CBDC is just the digital equivalent of fake printed out-of-thin air fake FIAT money.
- Keep a record in Satoshis, never in USDs.
- Those traditional companies such as Paypal that allow you to buy BTC are not worth it and you shouldn't trust them, their long term plan is to control you and your BTC.
- Only buy Bitcoin, don't buy any of those BTC equivalents such as wbtc. If you hold those, you don't have any BTC, you are just holding an erc20 token pegged to BTC.
- Buy your own BTC, be responsible and accountable. Never use private hedge funds or the sort, they take away primes and percentages.
- Set a goal. A good goal could be 56 million Satoshis. That will put you in the top 6% of BTC holders. That's a nice position to be in.
And lastly...