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Rajat Soni, CFA
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Learn to deal with
Bitcoin
's volatility
Eventually you'll just get used to it and the price swings won't matter anymore
#BTCย
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Rajat Soni, CFA
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Bitcoin is better money than *insert anything else*
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You can't live in a Bitcoin That's a good thing, because Bitcoin separates money from shelter
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Bitcoin is the ONLY hard asset that can be sent and received using the internet
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Volatility is the entrance fee for owning Bitcoin
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Bitcoin's fundamentals CAN'T change Blocks will always be ~10 minutes apart and there will always be 21M Bitcoin When you save in Bitcoin, you can focus on just accumulating over time and you're pretty much guaranteed to break even or be in profit after 4 years of holding On the other hand, modern-day "investing" is like playing a game of hot potato If you're caught holding an asset at the wrong time, you may have to deal with an extended bear market in its price (possibly decades long) Or worse, you may end up with NOTHING if the fundamentals suddenly change and the asset may NEVER go back to the price you purchased it for In terms of legacy "assets," you have to pay attention to the market sentiment PLUS supply changes at all times, while the only factor that changes in Bitcoin is market sentiment
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