When I think back and the whole journey since I’m a bitcoiner …
Many know my story but when my friend showed me BTC and told me to buy/keep/hodl it.
I knew he would explain me everything a long the way.
But at the very beginning he said you just buy BTC and you hodl it everything in between is noise that you just ignore.
I think that’s the best advice for almost everybody.
Life changing, that's for sure!..
I can only count on one hand, the amount of people who listened to me over the years and hodl.
Maybe it is because I am a shit salesman, but I'd gave it my best!
I concur, filtering the noise is one basic psychological strength to hodl for long.
At this epoch as an internet savvy person and,
you don't own bitcoin still questioning it's a risk,
hey bro, the risk is all damn on that person not owning
BTCI think the hardest part for newcomers is the first bull run followed by a hefty correction. It's hard to deal with the "I'm a genius" followed by the "shit I fucked up" roller coaster of emotions. Many of those newcomers sell and call it a loss. Some of the newcomers tough it out and live to see the next bull run with newfound confidence in the bitcorn.
At least, this is my personal expierence. That first bear market after I started buying was rough but, I persisted and had faith in what BTC stands for. All of the other bear markets after that had zero effect on me. In fact when ever I saw BTC vs USD declining my biggest stressor was not having as much dry powder as I wanted to stack sats at a discount.
I only have a few friends and colleagues that understand Bitcoin. The others I've spoken to still have no clue and make comments like "You still have that Bitcoin? I heard it went down pretty bad" or "I heard it's going up again". Many of these folks are ones who bought 7 or 8 years ago, panic sold, never looked back. I honestly don't even try to talk to new people about it anymore because I've come to realize not everyone will understand and not everyone is cut out for short term emotional roller coasters.
Observing 1BTC = 1BTC
That rollercoaster emotion thing had a psychological cleansing effect on me. In short: it kept me grounded while my net worth grew.
I think that's a valuable effect not many other investments that make your rich can give you. In fact I think staying grounded is (almost) as important as making money.
I still talk to people when asked. And over the years it got easy to sort out the ones who just wanna talk vs the ones who really wanna buy. I invest my time accordingly.
I was, and I still am, on the receiving end of valuable info about BTC, so when I can give something back to someone curious it makes me happy.