What advice would you give to someone who just learned bitcoin today?
#asknostr
Discussion
Get some and keep learning, it goes deeper.
it’s the future of money
Read as much as possible. Never stop learning.
Don't shitcoin.
Keep going.
1. Don’t buy bitcoin
2. Learn.
The Internet of Money:
https://youtube.com/playlist?list=PLPQwGV1aLnTvCuQXCZ3RBvdlCnqstTirl&si=pb5mAyrB8JxUoQ8C
Don't buy any.
More for us?
It's a potential pitfall to a noob's journey. Exposing yourself to the price volatility without any knowledge of the asset is like waking up under the deck of a ship in a storm while thinking you're in a building on land.
I like how you said ‘potential’. My thoughts on that differ a bit: You don’t learn to swim by dipping your toes in.
I mean yeah, I learned to swim in Bitcoin by going all in and learning through the pain. Some people are well equipped to deal with that. But I think most people are not.
If I had to pick a safe strategy for an anonymous person, it would be to learn and stack only as much as your understanding allows. There's a wide space between zero and all-in that you can exploit. And you can save yourself some major pain and possible blow-ups.
You’re completely right. That’s what I did as well ergo I can now breath under water. Agree with learn AND stack… I don’t think the former can be done fully without the latter.
Agreed. No one’s gonna take the time to learn unless they have some skin in the game.
I also ageee with @WiseHODL point about investing more and more as your progress with it.
1%, 2%, 5%.
Mine was more like 2%, 50%, etc 🤣. Probably not the most conservative route but once you see it you can’t unsee it.
When your conviction begins to waver, remind yourself, bitcoin wins the long game and lower your time preference.
Que no venda, solo compre
Run a bitcoin node and test the software.
No better way to learn than verify for yourself how the tech works.
Keep it simple. Don't worry too much about your set up but improve it day after day. Learn how to do recovery from seed words, that's probably the thing that makes you smartest about everything else and gives you peace of mind knowing