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Rajat Soni, CFA
8bbfa411560bd42ea6fa60cf24de87d88c6c8bbeec29bd9a2aa188029aa228cc
🎯 I'm the Bitcoin guy 💼 10 years of finance industry experience 🧠 1 BTC = ∞ USD

Be careful out there, everyone.

I had a ledger wallet in my car and someone broke in and left 4 more.

The fact that #Bitcoin       is Halal is not priced in

I'm not Muslim, but I know how big of an impact this will have

Individuals who have never been able to invest before will be able to buy assets

I've spoken to friends who follow Islam, and they have no clue that Bitcoin is Halal

In fact... they don't even know what Bitcoin is

Traditional asset classes are based on "Riba" or interest

This means these assets are prohibited by the Islamic faith, because interest is seen as an unjust, exploitative gain, and such a practice is forbidden under Islamic law

These people are saving in cash, losing money each year due to theft from inflation

Trillions of dollars will flow into Bitcoin that have never been invested before, and most people don't even realize it yet

You don't need much.

Start small.

$5-$10/week will add up over time.

If you don't have an extra $2/week work hard to increase income.

Drive for Uber or start a side hustle.

Please don't just watch from the sidelines.

At 23k, I tried shorting #Bitcoin   .

I got lucky when it dropped to ~20k.

But I didn't cover my short.

Because I was stupid.

I let greed take over.

I thought I would just wait till Bitcoin reaches new lows (below 16k).

I was completely gambling.

I didn't care about charts or technical analysis.

I was looking for dopamine.

This is how most people think.

This is why most people will be priced out of Bitcoin.

They think the price will drop so they'll buy a little bit lower.

They wait and wait.

And then when it drops, they think "This things going to 0."

So they don't buy.

Then the price reverses on them.

And it keeps going up.

And up.

And they price themselves out of owning what they could previously have owned.

Don't be stupid like I was.

Don't gamble with your future.

Long only, and take small profits if you need to.

While I did have a long position, I lost a decent chunk of money by shorting to squeeze just a little bit more profit to buy more #BTC    long-term.

And that's ok because I learned my lesson.

Now, I just Dollar Cost Average and Chill while Studying Bitcoin.

I know this is a joke, but this is actually how things will turn out for most people 💀

Cramer would be the best trader in the world if he just did the opposite of whatever he thinks will happen.