If every time you wanted to gamble with sh*tcoins, you stacked #Bitcoin - you would be significantly wealthier.
The odds of finding the next 100X Altcoin? Slim to none! Sifting through over 15K Altcoins to find a dozen or so that can increase by 100X in price is far from a guaranteed path to making it. With a probability of < 0.0033, the odds are heavily stacked against you. It does not have to be this way. Study #Bitcoin. image
The reason why wealth managers have a job is because most people haven't studied #Bitcoin.
Unsustainable sovereign debt leads to brutal consequences. The Debt Default Doom Loop is real: missed payments, currency crashes, social unrest - and the vultures come for what's left. Protect yourself from the chaos. Your insurance? Cold storage #Bitcoin in self custody. image
Funny how politicians believe that people are smart enough to earn capital gains, but too dumb to grasp budget deficits, debt, & debasement. Channelling discussions on inflation, back to - "price gouging and supply chain issues" will eventually cost them their jobs. #Bitcoin
Chasing microcaps because #Bitcoin feels 'capped'? Rookie mistake - the pain will outlast this cycle.
Q: How has the finance media lost its credibility? A: Pushed false #Bitcoin narratives and gave evidence of - intellectual laziness, uninformed research, lack of logical reasoning, absence of 2nd & 3rd-order thinking and acutely underestimated the intelligence of their audience.
D.O.G.E. can cut U.S. deficits, and give the Fed less reasons to debase the dollar. BUT monetary policy games won't vanish entirely, and that's where #Bitcoin will protect us.
A few words for the fresh retail capital entering crypto: Everyone has a 'circle-of-competence'. Confusing confidence for competence leads to inflating that circle. And, this usually, ends with a lot of pain & heartache. Entering #crypto with your hard earned money is easy. But, leaving with heavier bags is not. Respect the game. Respect your limitations. You may be big guns back at your day job or industry, but here in cryptoland - probably not. It appears that all skills may not be 100% fungible & transferable across professions. Independent, informed & correct trades reward you with heavier bags than what you came in with. Outsourcing critical thinking to others and chasing prices is hardly the solution. Avoid buying junk. Don't take leverage. Stay humble. Spend your time studying before spending your money. Be open to the fact that this cycle might be for learning and perhaps the next one can be for earning. There is no rush. Take your time. Study #Bitcoin.
#Bitcoin is climbing hard and even at +$87K, we have only just begun after a 7-8 month chop. Don’t get thrown-off by volatility. That’s how BTC rolls. Bitcoin locked-away in cold storage will do very well. Whereas, most leveraged trades will not. HODL right and enjoy the ride. image