The rationale of every successful Bitcoiner I've encountered has been long-term accumulation of bitcoin. This allows us to be most productive and create the greatest value for society, our company and ourselves, because, for example, we can continue to offer services on the market, use services, fund innovation and pay our employees when we run a business.

To illustrate this, I would like to ask you a question: Which of the following companies do you think has been more successful and added more value to society over the last 10 years?

Company A, founded in 2013 with 10,000 bitcoin on its balance sheet, borrowed too much, hired too many employees during the bull market, had to spend its bitcoins to cover costs during the bear market, and ended up with an unpayable amount of debt that finally resulted in bankruptcy as bitcoin fell from 69,000 to 16,000 in 2021.

Company B, founded in 2013 with 10,000 bitcoin on its balance sheet. Still owns 8,000 bitcoin, has grown slowly, mainly financed by own income, manageable debt and employees were hired in the bear market. Excess profits generated in the bull market were used in the bear market to accumulate more bitcoin.

The answer is clear: Company B, which has not only made a more positive contribution to society as employees are still being paid and the company continues to provide services to the market but it has also not wasted money from debtors.

Excerpt from the latest issue of “THE BITCOIN NEWSLETTER” I just shared.

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https://leonawankum.substack.com/p/how-to-be-successful-in-bitcoin