The dream of most people who invest in Bitcoin is that it will someday help make them wealthy. So that they will never need to worry about money again. We begin brainstorming what we need to do, or the qualities that we must have that will make us have the most success toward this goal. Buying Bitcoin, dollar-cost-averaging, budgeting, increasing our income, side-gigs, creating passive-income avenues, and having a long-term timeline are just many of the things that will be required to make that happen.
However, there is something above all of those that you must have to be successful. But this is also a dangerous slope that we must venture down. If you have too little of it, you will be washed out of the market quickly. If you have too much of it, it will also become your downfall. Finding the right balance will make or break you in this market. If you haven’t guessed what I’m talking about yet, to be a successful Bitcoin you must be extremely stubborn.
Let’s face it. The world around us doesn’t like Bitcoin or crypto, and it has the potential to become even worse. Over the last few months, the US has seemingly woken up to the fact that Bitcoin could be a threat to their power and dethrone the US dollar as the world reserve currency. It is an exit valve out of decaying fiat currency. While their money’s value is inflating away, they are trying to trap as many people as possible in that system. They have begun trying to block the exits to Bitcoin.
While doing this government officials have been talking badly, or even FUDing Bitcoin and crypto as much as possible. Declaring the same tropes that we have heard hundreds of times, but will more vigor. That Bitcoin is only used by criminals, it’s a giant casino or Ponzi scheme designed by people who are wanting to get rich quickly and steal your money. That Bitcoin and crypto exchanges are the cause of the recent banking collapse chaos. While governments and banks are currently failing, they are trying to put all of the blame on Bitcoin and crypto.
Naturally, the general public is believing all of the FUD that is being fed to them by the government. This eventually results in their distaste and attention being honed in on us Bitcoiners. We are incredibly passionate about this market and believe that not only could it change the world, but it could make it a better place as well. We have been endlessly talking about Bitcoin to anyone that will listen, pleading with them to begin accumulating as well. However, friends, family, and co-workers all ignored us, and now possibly look down on us. After all, they also believe we are the cause of many of the problems currently happening, and possibly that we are simply delusional.
Bitcoiners are stubborn. We must ignore all of the FUD on a daily basis. Seeing the price of Bitcoin drop by more than 70% in a matter of mere weeks. With experts declaring that the market will never recover. At certain times, each day prices keep dropping further, and the market becomes more depressing. Then add the fact that everyone around us doubts us as well, and possibly some of us even begin doubting ourselves.
This is the life that Bitcoiners must live. We are the outcasts or contrarians that venture out on our own, no matter what other people are seeing. We don’t just look at news headlines, but we actually research, verify and build our own opinions. To do all of this, Bitcoiners must be stubborn and strong-willed. Too much of it however can cause your downfall. And too little will result in you selling out of your position quickly.
How about you? Do you have a difficult time managing this inner battle in Bitcoin?
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