The first thing Godfree said was “Stop thinking it’s too late.”
He recounted how 99% of his friends didn’t buy bitcoins at $200 nor $20,000. In both situations, they thought it was too late. “Don’t make the same mistake,” he wrote.
For him, Bitcoin isn’t a hype train. It’s more like a bus that goes around and back. Since more and more people are traveling down the cryptocurrency road, there are more buses, and nothing holds you back from catching one. You just have to be ready for a bumpy ride.
Whether you heard about Bitcoin in 2009 or 2021, it doesn’t matter. Focus on what you can do now, not what you’ve missed. Also, I know what you’re thinking and no. It’s not easy for me to say that.
I lost 1.54 bitcoins to a scam in 2020. That’s roughly $78,000. Gone forever. You could say I rode the wrong bus, but at some point, I got off to start a new journey. Sure, I still look back sometimes but I quickly bring my focus back to the present.
In Godfree’s words: “What should I do today, so that tomorrow, I won’t regret yesterday?”
Most of the noise around Bitcoin involves two words: “Dollars” and “Volatility.” Except, Bitcoin is more than that.
First, the decentralized nature of Bitcoin puts worldwide economic freedom within our reach. Second, Bitcoin proved that online communities are capable of real-life impact. Finally, the golden cryptocurrency paved the way for new technologies such as NFT and decentralized social media platforms.
This lesson is the shortest. It’s also my favorite.
“We still have at least another decade of this crazy rollercoaster ride before Bitcoin starts to get even slightly boring. Just strap in and enjoy it.”
Whether you’re in or about to enter the Bitcoin world, keep in mind that it can be hostile.
There are scammers and hackers looking for ways to break into your digital wallet. There are also multi-billionaires ready to shake the entire market to serve their personal interests. And in between, you can find inaccurate and often misleading advice brought by clueless influencers.
Protect yourself.
Use approved platforms, keep your credentials safe, and double-check every piece of advice you see.
In every adventure, you encounter fierce enemies and make life-long friends. The former taught Godfree resilience and how to be goal-centered. The latter brought him joy and exhilarating memories.
“ I have had a dedicated Buttcoiner hate group that created fake accounts similar to my name to try and embarrass me. Fake accounts, phishing, hacks, personal attacks,” he wrote.
“[But, most of my friends] are still sticking around, giving back, helping others, helping their communities, doing awesome shit,” Godfree added. “At the end of the day, life is all about the relationships you make along the way. Make sure they’re meaningful ones.”
Stand for something. You’ll make allies and foes, and both will make you stronger.
There’s tension around Bitcoin. Some expect it to reach $300,000 by the end of 2012. Others predicted a hard crash with no bouncing back scenario. In the meantime, your phone isn’t helping.
Our screens constantly chime with hyped tweets, harsh critics, predictions from pros, and personal opinions from amateurs. It’s easy to get flooded and forget to step back.
Make sure you keep your head above the surface. Turn off useless notifications, ditch clickbait content, and breathe. You’ll detach from external noise allowing yourself to be more objective in your judgment.
“When you’d rather have the truth, no matter how disappointing, over a false hope, no matter how desirable,” Godfree wrote, “then you will finally understand the true meaning of holding Bitcoin.”
Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://nabil-alouani.medium.com/7-bitcoin-lessons-from-a-crypto-entrepreneur-whos-been-around-for-7-years-8c82f82a2fd9?source=rss——-8—————–cryptocurrency
