Bitcoin is more predictable than the current financial system if you zoom out.

There will always be a boom for ~18 months, followed by a bust for ~12 months, and sideways movement for ~18 months.

This is programmatically set to happen every ~4 years because the supply of newly issued #BTC       is cut in half every 210,000 blocks.

This is how Bitcoin will be distributed.

People who accumulate during the bust and sideways movement part of the cycle end up having significantly more purchasing power after the boom.

Some of those people start businesses.

Some of those businesses are frauds.

Retail investors will always join in on the fun near the end of the boom and start speculating on random altcoins.

When one of these fraudulent businesses is revealed, it creates a chain reaction and impacts everyone the business works with.

In 2022, we saw a company called Terra fall apart.

Terra issued a stablecoin: UST.

Stablecoins are a way to tokenize government-issued currencies. They are supposed to maintain their value against the currency they are pegged to (eg. UST is pegged to USD).

UST was supposed to maintain a 1:1 value in terms of USD. I don't understand the mechanics of how it happened, but UST depegged from the US Dollar and was never went back to being worth 1 USD.

Any company or individual that held a significant amount of reserves in UST ended up having to claim bankruptcy. FTX came in to rescue these companies. It was acting like the Central Bank of Crypto.

The problem is FTX was trying to stop the collapse by using its customers' money. In crypto/Bitcoin, there's no printing. You can't create more Bitcoin out of thin air. As soon as FTX collapsed, anyone doing business with FTX also collapsed. We saw a significant amount of BTC dumped on the market by insolvent companies.

This cycle will repeat over and over. If there was no bust after the boom, FTX would continue to survive to this day. It would continue trying to create a fractional reserve banking system using crypto. Most people would NEVER have had a reason to self-custody their Bitcoin.

Every 4 years we will have a boom.

Every 4 years we will have a bust.

Every 4 years BTC will move sideways.

If you don't do your due diligence and you work with fraudulent businesses not related to Bitcoin, you will end up losing everything.

Today, there are 25,000 cryptocurrencies. 99.99% of them have no value whatsoever. They're just trying to improve Bitcoin. Bitcoin cannot be improved with another blockchain. Any improvements will be done on the Bitcoin blockchain.

Altcoins are experiments.

#Bitcoin       is the only form of neutral #money we will ever have.

It will be used on a brand-new economic system that will always have boom and bust cycles.

Learning to deal with volatility is the only way to build wealth with Bitcoin.