| Early 40’s man that has been in BTC since 2017. The longer I’ve been in crypto the more of a BTC maxi I’ve become. I’ve made most of the mistakes along the way which is part of the learning curve most need to take. Today I purchased another .2 at the highest price I’ve bought yet. There are more and more people like me. Who are buying with the intention of not selling for many years, if at all. I’ve personally never sold. Here are three lessons I’d tell my younger self as it seems most people here are in their 20’s.
Don’t try to be a trader unless you are an expert. Just buy, store in cold storage and forget for the next 10+ years. In 10 years you won’t remember or care if you bought at 60k, 90k, or 125k. Trying to time the market is just going to mess up your head and you will most likely screw it up. The term HODL has been around for years for a reason, because it works.
If I was in my 20’s right now, I’d be doing everything I could to save more fiat to buy more Bitcoin. Don’t buy the new car, nice watch, house or unnecessary credit card debt. The “we only live once” mentality is all fun and games until you’re over 40 with no assets. It really is wild what compounding and time does if you start early and aggressively. Investing is only “scary” until you realise the money is broken and everything is going up priced in fiat. Your 40 year old self will thank you.
You might be sitting here thinking I wish Bitcoin would crash to 40k so I’d buy more. But if / when it does, everything on twitter, TV, YouTube will be telling you it’s going lower. You might buy the big dip and it will dip again 20% as soon as you hit the buy button. This will feel like you are lighting your money on fire.???? ???? It will take balls and strong conviction to keep buying on the way down. The last time BTC was at 16k, I had been buying all the way down until I was mentally and emotionally exhausted. Everyone was saying it’s going to 12k and unfortunately I believed them and stopped buying. If we get another deep bear market I’m going aggressive AF. I refuse to make the same mistake a third time. Bitcoin has been a big part of my life over the last 8 years. It’s not easy being a maxi when everyone around you thinks you’re a crazy gambler. I actually hate gambling ????. We all take risks in investing and I’d rather take a risk on BTC than just about anything else. I hope these tips help inspire a few young bitcoiners on the climb up. Happy stacking ???????????? [link] [comments] |
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