advice for new bitcoiners - get through one cycle

Clip of Jeff Booth from @bramk https://youtu.be/yVpH6qMCEGk?si=u5SuqwWx12I0s7Re

Episode inspired by @britishhodl23 "get to one bitcoin"

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Today's episode was for the new bitcoiners and future bitcoiners. The general theory is that you should try to get through at least one bitcoin cycle. The ups, the downs, the learning experiences, and much more. Plus, anyone who has ever bought bitcoin and held on for at least four years has come out ahead.

People love to talk about the volatility of bitcoin. And it is volatile, especially in the short-term. We've seen bitcoin go up 150% this year alone. But with volatility comes opportunity. And if you hold onto it for four years, you reduce that exposure to volatility.

We also had some actionable steps for anyone wanting to get in:
1. Set up a bull bitcoin account using your EMAIL only
2. Take out some cash (even gave a few tips for getting the cash)
3. Head to the post office and load up your account via QR code
4. Set up a muun wallet and write down your private key
5. Buy bitcoin on Bull Bitcoin and send to your muun wallet
6. Keep learning. Be patient. And keep stacking.
7. Find ways to earn free sats - I recommend Fountain app
8. Upgrade your security setup over time. I recommend Coldcard!

If you would like to create a bitcoin strategy for yourself, your family, or your business, please contact me at 88sats@proton.me!