You Know What To Do With Bitcoin. You’re Just Not Doing It.

By ssaurel | In Bitcoin We Trust | 31 May 2021

Bitcoin is a fair game. There is no such thing as a hacking strategy to profit more from Bitcoin than anyone else. Of course, from time to time, whales or big investors do try to manipulate the price of Bitcoin to their advantage to accumulate more.

However, the main reason they do this is because of the psychology of new entrants in this world. They lack confidence in Bitcoin and end up cracking at the first crash of the Bitcoin price.

This type of crash is for me an ultimate test to see where you stand in the Bitcoin revolution. You can think of yourself as a Bitcoin HODLer no matter what, but you won't have confirmation until you successfully go through your first Bitcoin price crash like the one on May 19th, 2021.

You know what to do, but you are still waiting for a bigger correction

Watching the price of Bitcoin drop from $43K to $30K in a matter of hours puts the nerves of the less convinced about Bitcoin to the test.

Those who fundamentally believe in the Bitcoin revolution use such moments to accumulate more. Bitcoin is an accumulation game for years to come. There are no secrets here, as all Bitcoiners keep saying.

You must use every opportunity to accumulate more BTC and stack more Satoshis. This will make a huge difference to your future.

You know what to do to take full advantage of the Bitcoin revolution. The problem is simply that you don't. You have doubts. You're afraid that the price of Bitcoin will drop after you buy. In fact, you're always waiting for a bigger correction.

You're still living in the past and regretting not having bought Bitcoin for under $10K

The price of Bitcoin was under $10K only a few months ago. You find it hard to accept its current price and take action. You wish you could go back and take action. But life is not like that. To truly move forward, you must learn from the past.

Once you have learned from your past mistakes, you must act in the present to build the future you dream of.

This is how all great successes are built. Step by step, block by block. Nothing is immediate with Bitcoin. You need to see Bitcoin as your best option for protecting the fruits of your labor from a totally unfair system. By buying Bitcoin, you protect your money from inflation and censorship.

Bitcoin gives you power back. It's worth fighting for Bitcoin to succeed in its revolution.

The best approach with Bitcoin is known to everyone

The best approach to profiting from Bitcoin with peace of mind is the Dollar-Cost Averaging (DCA) purchasing strategy. This is done in 4 steps:

  1. Buy Bitcoin automatically with a Dollar-Cost Averaging (DCA) approach. Many applications exist for this.

  2. Program the automatic sending of these Bitcoins to your hardware wallet using one of the applications you will buy.

  3. HODL Bitcoin no matter what.

  4. Iterate from step 1.

Automating this approach will help you avoid falling into the psychological trap of waiting for more and more before taking action. In addition, you will be able to really detach yourself from the price of Bitcoin.

This will allow you to avoid panicking during a Bitcoin price crash and selling at a loss by letting your emotions take over.

Taking the long view with Bitcoin will allow you to take action

The truth is that Bitcoin is a unique monetary revolution that will change the world of the future for the better. However, it will take time. So you need to develop your confidence in this revolution so that you can be patient. If you stay with short-term thinking, you will always lose money with Bitcoin.

But if you can shift to long-term thinking with Bitcoin, then you can build on your greatest natural advantage: the time you can HODL Bitcoin.

For my part, I've already explained my philosophy: Bitcoin HODLer one day, Bitcoin HODLer forever.

After this umpteenth reminder of what you should do with Bitcoin, the ball is now in your court. It's up to you to make the best decision for your future regarding money. You must follow your convictions and take action because no one is in a better position to take care of your future than you.

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ssaurel Verified Member

Entrepreneur / Developer / Blogger / Author.

In Bitcoin We Trust
In Bitcoin We Trust

In Bitcoin We Trust is a place where Bitcoin believers share their ideas about the upcoming revolution. Blockchain and cryptocurrencies are also covered in this publication.

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