As we know, the prospect of decentralized currency and the value of Bitcoin specifically is based on belief and positive participation by members of the community.
CAUTION: “Bitcoin is ultimately going to be the currency the retailer wants, so you better have some.
Trust in that you no longer have to trust your existing banks or politicians, knowing that there are only 21 million of them out there.
CAUTION: “The beautiful thing about Bitcoin and the Cryptocurrency markets is that they are becoming more and more robust over time.
With that in mind, it is important to understand that there will be massive swings in the value of your portfolio and that you should likely focus on slowly investing and not attempting to trade crypto unless you are a professional.
It is mathematically scarce and is the perfect hedge against inflation and abusive monetary policy and is also a means of exchange and a store of value for those who have been left behind by legacy systems or who do not have access to them in the first place.
It’s important not to get too caught up on hopium, it is possible to lose money,” Siegel said.
CAUTION: “Fear Uncertainty and Doubt have existed long before crypto but the principles hold true… two pieces of advice on this, the first is the easy answer, always Do Your Own Research and ask questions in groups/with people that you truly believe are there to help and support each other.
At this point to stop transacting bitcoin would require shutting down the entire internet — it simply is not possible… the price of bitcoin is volatile and quite frankly, it should be, considering it is a completely uncorrelated asset from all traditional markets.
Many assets have periods of volatility, such as gold did in the 1970s when it formally disconnected from the financial system.
Looking back at the low-point of the market for each year, Bitcoin has shown consistent positive growth – there’s only one year with a lower low than the previous year’s.
CAUTION: “We’ve seen hundreds of Bitcoin is Dead news stories over the past 8 years and most are based on incomplete information.
BELIEVE: “Crypto buildout and adoption has happened faster than we could have imagined 8 to 10 years ago.
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