If you could go back in time, what would be your top tips for yourself at the beginning of your #Bitcoin journey?
Mine:
1) Don't worry too much about market price; it will be EXTREMELY volatile
2) Don't make emotional decisions; fear and greed make you do crazy things
3) Do your own research, from multiple sources
4) Bitcoin ONLY; altcoins are a distraction
5) Keep a cash reserve just in case to ensure you don't have to sell Bitcoin in an emergency
6) Keeping money is different from earning money
7) Bitcoin-backed loans work well IF you keep LTV low enough; try to use less than 20% of your stack as collateral, with MAX 50% LTV on that 20% of your stack
8) Worry about how many satoshis you have, not the fiat value
9) Buy and hold for AT LEAST 4 years
10) Continue to DCA no matter what the news or social media tells you
The value of your labor/time is trending to 0 in terms of #Bitcoin
Today your annual salary might be 0.5-0.7 BTC
Eventually, you will be paid 0.01 BTC or less for a year of your time
Every 0.1 BTC you own will give you a decade or more of time freedom and financial freedom
#Bitcoin is a savings account
MicroStrategy is an investment
Don't confuse the two
Don't put too much of your wealth into risky investments
Only buy Bitcoin with money you don't want to lose
One of the most important decisions you'll make in your life is deciding to accept or reject Bitcoin
Choose wisely
Rejecting #Bitcoin can set you back 20 to 30 years in your financial goals
Why is #Bitcoin trading at $86,000?
Tons of OGs sold over the last year or so
They transferred their holdings to the next wave of OGs
Eventually, the old OGs will run out of supply
If you're holding for decades, this works to your advantage
Use it to stack as much as you can.
