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The current monetary system is facing collapse
People are beginning to see the flaws in the current monetary and financial system. Since November 2020, as Bitcoin continues to rise and break through previous highs, outside doubts and criticisms are becoming less and less, and more and more people are beginning to believe in Bitcoin and other cryptocurrencies. is becoming more and more popular.
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Bitcoin is not only a currency, but also a technological innovation
What is certain is that the current blockchain is like the early Internet. It represents the progress of technology. The market has given Bitcoin a value, and this value is the fact. This is not an investment opportunity, nor is it a get-rich-quick scheme. This is technology. This is a technology with radical, disruptive impact on the entire world.
The current monetary and financial system is so unfair that the famous Henry Ford once said: The people at the moment dont understand our banking and monetary system, and thats a good thing for the government, because if they did, I believe tomorrow There will be a revolution before the morning. Before buying Bitcoin, you must see the flaws in the current monetary and financial system, and deeply understand that this monetary and financial system cannot be repaired.
The existence of Bitcoin has created the possibility for the first time in human history to allow anyone to freely transfer property anytime, anywhere, without any restrictions, controls or other power influences. In the end, digital currency will never disappear. It will be a basic part of the future economic system of mankind. Bitcoin does not have a centralized organization to manage it, but it has been running perfectly for 11 years and has grown to this day. Bitcoin is not only technically It is a major innovation of human organization structure.
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Bitcoin volatility is huge, but you have to trust time
Another reason for those who make wrong choices because they do not fully understand the importance of Bitcoin is that they do not have a way to maintain confidence in Bitcoin.
When Bitcoin last dropped from $10,500 to $5,000, losing 50% of its value, those who did not trust Bitcoin would choose to take the loss and sell their BTC.
You have to understand that Bitcoin is a true monetary revolution. But it is not just a currency, it is also a technology. Don’t be afraid that Bitcoin will be replaced by another cryptocurrency that claims they have lower fees, shorter transaction times, etc. than Bitcoin. But few people understand that Bitcoin is not just a currency, it also represents blockchain technology. In the field of blockchain, Bitcoin is a real revolution in progress. Bitcoin is a unique invention in human history. It is still improving and striving to become better.
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please always be patient
To be a bitcoin hodler, you need to be patient. Many people think hodling Bitcoin is a boring strategy. Capitalist George Soros once said:
If you think investing is fun and youre having fun, youll probably never make money. The best ways to invest are also the most boring.
Bitcoin is not a game or an experiment, it is a revolution, a real revolution happening right before your eyes. By buying Bitcoin, you are choosing to support this revolution and hopefully build a better world for all in the future.
Revolutions take time, and this revolution takes time. Bitcoin will eventually reach its full potential, and if you cant be patient, you might make the wrong choice out of impatience.
Therefore, you should think twice before buying Bitcoin. If you cant be patient enough, please dont buy bitcoin.
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4. Control emotions during price movements
In the investment process, you only need 1% of the time to choose what you will invest in, and the remaining 99% of the time is about patiently waiting for returns under your correct choice. By choosing Bitcoin, you have chosen the right direction, and if you believe in the Bitcoin revolution, you must believe it. Then the rest is just a matter of patience.
If you are patient, you need to control your emotions in the process. There have been countless examples that prove that if you cannot control your emotions under price fluctuations, you will make decisions that you will never regret.
The most famous example is Li Xiaolai, a celebrity in the domestic currency circle. In 2011, Li Xiaolai began to buy bitcoins. After buying 2,100 BTCs at an average price of $6, bitcoins subsequently fell below $1, and his assets directly shrank by 97%. However, Li Xiaolai chose to continue to build positions in the long bear market. In the second year, the number of coins held exceeded 100,000. In 2013, the unit price of Bitcoin exceeded 100 US dollars. . However, from 2017 to 2018, when Bitcoin kept breaking through previous highs and making history, Li Xiaolai quietly sold his own Bitcoin. He believes that Bitcoin can no longer rise. Unfortunately, today, Bitcoin has once again made history. From another perspective, Li Xiaolai lost money by selling Bitcoin.
For those like Li Xiaolai who spend time studying Bitcoin and how it works, they can explain the violent price fluctuations of Bitcoin very well, and reap the benefits in the violent fluctuations, which represents your confidence in Bitcoin. However, you need to control your emotions at all times, which does not only mean that you have to bear losses.
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5. You need to take the long view
In addition to the four basic qualities I mentioned earlier, this will be the last basic quality you must have: have a long-term vision.
After buying Bitcoin, you must have a long-term vision. If you buy Bitcoin and think that you will make a lot of money in a year, you are wrong, and you may be facing disappointment. Bitcoin is not a get-rich-quick scheme. In the current collapsed financial system, the government prints unlimited money. Currency, while Bitcoin is subject to a total of 21 million, it will not depreciate as much as legal currency, and it will even become more and more valuable as human wealth grows. Buying Bitcoin is to avoid over time. If you become poor without knowing it, Bitcoin will be the best weapon you can choose when you face the collapse of the financial system. It can free you from being poor because of the system.
Bitcoin aims to create a better and fairer world for everyone. Bitcoin is the first time in human history to use technical means to protect the sanctity of private property. No one knows whether you have bitcoins, how many bitcoins you have, as long as you dont disclose your private key, no one can take away your bitcoins.
When you have the above 5 basic qualities, you can apply the best strategy on Bitcoin in the world: buy Bitcoin, HODL Bitcoin. This strategy is simple, but it has been proven countless times since Bitcoin was created that this strategy is the best
If you can have the 5 basic qualities, then you can buy Bitcoin and enjoy the revolution and wealth transfer it brings. If you havent, I urge you not to worry. In the early stage of every technology development, it is accompanied by huge unknowns, uncertainties, and even doubts, and Bitcoin is no exception. I hope you can continue to learn, to From time to time, you will find that in addition to technology, you will realize the significance of Bitcoin to our world today, regardless of economics, history, finance, politics, etc.
