I try to avoid telling people to buy #Bitcoin I tell them to study it. Why? If you buy Bitcoin without understanding what it is, you will sell early and regret it. Bitcoin will destroy your emotional state if you're not ready for the volatility (like the pullback we're experiencing right now). I know people who sold at $20K in 2022 because they thought Bitcoin was going to $0 and now they're kicking themselves. I know people who went all in at the $70,000 because they thought it was going to $100,000, and now they're panicking. Don't make the mistake of buying anything before you have an understanding of what you're buying. Once you understand Bitcoin, these drops are an OPPORTUNITY, not SOMETHING TO BE AFRAID OF. We are in the shakeout phase - a lot of people are being taken out because they have no confidence in the asset they own. Bitcoin is the best form of money that has ever existed. It's better than gold and fiat. It has a limited supply. The production cannot sped up. It's backed by the most powerful network in the world. Don't dismiss this!
@rajatsonifnance This cycle is all about educating. People come for the gains, but stay for the freedom.
@rajatsonifnance This is really great advice. It's certainly one of the things I struggle with when talking to folks about #Bitcoin. Lately, I've been saying, "Just do $100 and know it might go down." My hope is it gives them a little skin in the game to open their mind to more info.
@rajatsonifnance My experience is, most people don't want to learn/own their financial decisions. All they want to know, is the color on the roulette table, and my previous success makes them think I somehow magically know...
@rajatsonifnance I think its best for them to buy a little. Because once they have skin in the game, they'll want to learn more about it. And once they learn more about it they want to buy more. Just one mans thoughts :-)
@rajatsonifnance Studying and understanding builds conviction. And conviction is what you will need in ample quantities when you buy volatile assets. #bitcoin
@rajatsonifnance When people ask me anything about crypto, I tell them to learn about Bitcoin instead. Crypto should come second