Wednesday, January 20, 2021

Nobody should worry about the price.

We should only be investing that which we are able to live without. It should be an extreme and unforeseeable event to be forced to sell Bitcoins.

In other words, we should each have our own emergency cash cushion.

Don't invest heavily in anything you don't really understand, including (but not limited to) Bitcoin.

You owe it to yourself to gain some understanding of Bitcoin: what it actually is, the basics of how it works, why it was invented, what's happening to fiat currency around the globe...

Buy and hold, long term.

People who are "day trading" need to be warned; those who have been warned deserve to get wiped out; they are idiots.

Similarly, people who are using a custodian need to be warned; those who have been warned are likely to have their Bitcoins confiscated by a desperate government during a financial crisis.


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