Are you doing BTC wrong?

If you do any of these things you may be doing it wrong..

1) Checking the price constantly and worrying about it

2) Asking how high you think the price will go

3) Saying you will wait to buy because we are in a bubble/ trying to time the market

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I'm not going to try and convince you to buy bitcoin, there are thousands of things online you can read and watch, its important if you are unsure that you make up your own mind and not just follow the crowd.

1) What you need to do is decide what a bitcoin investment does for you, why EXACTLY you own it, if you buy it simply because you think the price will go up, you are missing the whole point of it and you will most likely either sell too low or buy too high. I have been there, I owned a bitcoin in 2016 and sold it for a nice profit in 2017, I thought I was a genius. I was doing it all wrong, I bought bitcoin to make money, I understood what it did, but I cared too much about the price. I will never make that mistake again.

2) Pointless. Nobody knows. Certainly a shit load higher, but do not listen to fucking JP Moron giving price predictions, they do not have a clue, no one does. The key here is to realise the potential, it could be used as digital gold (most likely IMO) or possibly as a new 'cash', we are early and the path for bitcoin has not been defined yet.

3) This applies to the average person. When you see the price going down, we naturally want to wait, if we see the price going up, we naturally get FOMO, you cannot help this and its very difficult. You have two ways to play this, you can either buy every Monday or Wednesday (doesnt matter) for the next three months (Dollar cost averaging) or you can buy it all now, up to you. Whichever you pick just stick to it, emotions fuck you.

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So, what do you do?

If you want to trade bitcoin/buy it to make money, I wish you the best of luck.

If you want to OWN bitcoin, you will almost certainly benefit in the long run. So what does owning bitcoin mean?

- You actually believe in bitcoin

- You do not sell it

- You are looking for opportunities to buy more

- You are not over leveraged

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Since I have changed how I see bitcoin, I sleep like a baby. I view my bitcoin holdings in bitcoin, I do not care what the dollar valuation is, I do not care about price pumps, I do not care about price dumps. Sure, its nice to know what your holdings are worth when we get a nice rise, but if you care about the dollar value you will get paper hands during the next crash, and there almost certainly will be another crash. I have made a decision that I believe in bitcoin and what it does, it will protect me against the incoming wave of inflation and financial system collapse and it will act as a store of value.

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If you think we are in a bubble, think about this. Microstrategy, Grayscale, probably even Elon Musk. These guys were not involved until recently, the number of dollars around is also far higher and will continue to be higher, so saying the price is high is simply wrong IMO, the game is just changing. Next wave is company balance sheets, bitcoin ETFs and then most likely central banks. If you like bitcoin, you want to buy this before all these guys do.

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But again, make up your own mind. Im not a financial advisor obv.

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If we can stop seeing bitcoin as a way to make money but see it as the future of finance, the price now does not matter, hold your bitcoin and we will meet in the future.

EDIT : I’m not dissing traders, just advice for those who want to HODL (checks bitcoin price)

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