March 4, 2024

Four main lessons Bitcoin teaches

Bitcoin is a true monetary revolution that will change the future world for the better. If you wrote something like thisthree years ago, few would have taken it seriously. Few people then believed in bitcoiners who said this in the past.

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Now no one laughs when he hearssimilar phrases. During the course of 2020, there has been a complete re-birth of the mentality regarding Bitcoin. The massive influx of institutional investors into BTC is clearly changing the situation.

Today everyone already knows that Bitcoin is somethingspecial. As of today, the first and largest cryptocurrency in history is more likely to hit $ 100K by the end of 2021, rather than dropping to zero, as crypto skeptics have argued for years.

Basically, buying Bitcoin at $ 27K.Is a much less risky venture than buying it at $ 27. Few people understand this, but over time you will understand too. Bitcoin's success is clearly inevitable.

To fully enjoy Bitcoin atthe coming years, you will need to learn how to relate to it correctly. To speed up this process, let me give you 4 main lessons that can only be learned by being a Bitcoin hodler for many years.

The amount of satoshi at your disposal is the key to a financial future

Many have already heard that Bitcoin issuance is strictlylimited to 21 million BTC. The Bitcoin network nodes ensure that this maximum supply is not exceeded, no matter what happens. No one is interested in stripping Bitcoin of its greatest strength.

Thus, owning at least 1 whole BTCshould be the goal for everyone, right now. Many Bitcoin maximalists and industry experts have repeatedly recommended hoarding bitcoins. The simplest strategy to achieve this goal is to buy bitcoins using a dollar averaging scheme in automatic mode.

Interesting on the topic: The path to Bitcoin maximalism

This leads us to 4 steps to be memorized as a mantra:

  1. Buy bitcoins on the basis of the dollar-denominated price averaging principle, preferably in an automated way. There are many tools for this.
  2. Program these bitcoins to be automatically sent to your hardware wallet from the app you are using.
  3. Play Bitcoin no matter what.
  4. Repeat the procedure.

In the coming months and years it is expectedincredible rise in the price of BTC. And those who took too long to realize that such opportunities are given only once in a lifetime may not have time to accumulate 1 BTC.

This does not mean that you should no longer buy.bitcoins. One of the advantages of Bitcoin over gold is that it is divisible up to eight digits after the decimal point. The smallest unit of bitcoin is called sats. You have the following equivalents at your disposal:

1 BTC = 100,000,000 satoshi  1 Satoshi = 0.00000001 BTC

There is a huge chance that in the future everything will be measured in Sats, and not in BTC. The goal for the future isparity of the value of the US dollar and 1 satoshi.

In fact, instead of focusing on 21 million BTC, you can consider the final emission in the amount2,100,000,000,000,000 Satoshi.

I tell you this so that you understand the importanceaccumulating the maximum amount of Satoshi right now. It will completely change your future. Every Sat you can get your hands on will go a long way towards your future.

Owning at least 0.01 BTC already makes youmillionaire in the world of Bitcoin, as this means that you will own 1 million satoshi. This is the mindset you must cultivate right now in order to fully enjoy the potential of Bitcoin.

There are more than 5 addresses right now Bitcoin millionaires:

graphics: bitinfocharts.com

This number will grow in the future, and your task is right now to take control of the fate of your financial situation.

In the Bitcoin world, patience is always rewarded

Many newbies make the mistake of thinking of Bitcoin as just another financial investment. They only think about making as much money as possible from the cryptocurrency hype.

This often leads to a very serious error:people are starting to position themselves as traders. Trading is a complex activity that requires specific skills that not everyone has. If you want to play Bitcoin trading, you will definitely lose. At a minimum, because you will be playing against professional traders who have access to information that is not available to you. And who already know how to do it better than you.

In addition, you will be subject to market manipulation, which from time to time affects the price of the coin in the short term.

It is important to be able to take a step back to seethe bigger picture. Bitcoin is not a get-rich-quick scheme, but rather your solution to keep the current monetary and financial system from slowly ripping off you.

Bitcoin is not about money, Bitcoin is about power.

When you buy BTC, you choose a system that will give you back power over your own money. It will take a significant amount of time to get the most out of Bitcoin. Bitcoin only rewards the patient.

Bitcoin pushes you to learn more and more

: Unsplash

A monetary revolution like Bitcoinprovokes a complete paradigm shift. To understand why Bitcoin is so important, one must strive to learn more about what it has to offer in response to the shortcomings of the current system. This can only be achieved if you have an irresistible desire to learn.

Forget everything the education system has taught you about money and economics in the hope of hiding the ugly truth. Bitcoin will change your life forever by opening your eyes to 3 fundamental principles.

Almost everyone who took this path remainedbitcoin. This is guaranteed. In fact, now only those who were too lazy to go into details and who are afraid to part with preconceived illusions imposed from early childhood do not believe in Bitcoin.

As you begin to delve deeper into the information, you will surely be shocked at how the notoriously ineffective system, launched in 1971, can still exist.

The following quote from Henry Ford takes on a different meaning:

&#171;It’s good that people don’t understand how our banking system works. Otherwise there would be a revolution tomorrow,” Henry Ford

Participants of the Bretton Woods Conference.At one of these meetings in 1971, US President Richard Nixon signed a decree ending the gold standard. From this point on, US dollars did not need to be backed by gold reserves. : gerchikco.com

Having realized all the &#171;charms&#187; current system,you will thank Satoshi Nakamoto for such a unique invention as Bitcoin. Digital scarcity could only happen once. And it is already expressed in Bitcoin.

You will understand why bitcoin lovers are constantlyreiterate that the principles of the law of supply and demand will spur the price of BTC to the million dollar mark by 2040. Bitcoin's absolute deficit will battle the uncontrolled monetary inflation of the US dollar. This is one of the seven deadly sins that will lead the current system to its collapse.

Bitcoin is the hardest money in the world. Their success is inevitable. This awareness will come to you as you study the information. And once that happens, you might want to tell everyone around you about it.

It is at this point that you become a bitcoiner.

Confidence in Bitcoin will help you survive bearish market phases without fear

Anyone who truly understands the importance ofBitcoin will ultimately be completely convinced of its revolutionary nature. Once you reach this level of trust in the main cryptocurrency, nothing will scare you anymore.

And most importantly, nothing else will dissuade you from the idea of ​​total hodling.

You will understand that Bitcoin volatility isfeature, not a bug. Only you can make him your greatest ally, not your worst enemy. To do this, take advantage of every major Bitcoin price correction and try to accumulate as much BTC as possible.

This will help you avoid making the mistakes of those who don'tbelieves in Bitcoin, and loses money at the first minor price pullback. For the most part, these people are disdainful of buying bitcoins at $3.8 thousand, but ahead of everyone they strive to grab at least something at $25-30 thousand.

Bitcoin does not forgive the lack of a strategic approach. Develop your own strategy and stick to it no matter what.

I also figured out something for myself:

Hodl once - you will always walk.

In conclusion

Bitcoin is much more than financialinvestment. This is a revolution that will change your life on every level. Bitcoin will make you rich, but more importantly, it will give you complete control over your own wealth. This is the only way you can live your life on your own terms.

What's even better is that Bitcoin can develop in you the qualities you need to succeed:patience,tenacityAndcritical thinking... All bitcoiners you meet willtell you the same thing. These are the most important lessons that Bitcoin has taught us. And they will help you get the most out of this monetary revolution.

Time is running out, because 2021 may be the last year when ordinary people will be able to accumulate at least 1 whole BTC. The rest will have to be content with savings in satoshi.

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You can always thank the translator for the work done:BTC:3ECjCH5tPoyDCqHGCXfiiiLZQ3tVGzCSxBETH:0xf45a9988c71363b717E48645A412D1eDa0342e7E