Note to the Fence-Sitters

Welcome to Bitcoin. I understand that you may still be hesitant to buy bitcoin. That is fine by me. Here is what you can do and think about in the mean time.

  1. Target prices for hyper bitcoin range between $1-15 million. That means that if you buy 0.001 bitcoin for what is now about $17 you can get your $1-15 thousand which will help you through the storm that will be hyper bitcoin. It's a small amount of money and it will be worth it if that becomes the only thing your grocery store will accept.
  2. People here can be jerks. Many of them have been scammed by other coins. I have wasted plenty of time researching garbage coins. I have found nothing good. This subreddit does not allow discussion of other coins and I think that is legitimate.
  3. Do not buy any more bitcoin than you feel comfortable losing. This is not a sure thing. It will be very slow.
  4. Bitcoin is a very very slow process. The get rich quick stories are over. The next people who will get rich quick will do it over a pile of corpses. It will not be fun. The lambos that you hear about will not exist at the beginning of hyper bitcoin because people will barely have the tools to put together the old used cars sitting around. Pessimism will reign.
  5. Learn about Central Banking. Don't start buying large amounts until you truly understand how messed up it is.
  6. Do not trade for the short term. This is going to be a very volatile slog.
  7. Learn what KYC is and try using Bisq and other non-KYC exchanges.
submitted by /u/extrastone
[link] [comments]

Comments