₿itcoin Umuttur⚡⚡'s avatar
₿itcoin Umuttur⚡⚡
ukarakaya@iris.to
npub1magv...uf6h
☀️ ∞/21M ₿itcoin Get money, buy ₿itcoin/ Not sell ₿itcoin/ The ₿itcoin Standard/ ₿itcoiner/ ₿itcoin Only / DYOR/YTD/WAGMI/ https://mempool.space / HODL #Bitcoin / #nostr / #zap /#english / #turkish https://bitcoin.org https://bitcoinknots.org ACCELERATE HYPERBITCOINIZATION ⚡Stack Friends Who Stack Sats⚡
If you sell your #bitcoin for something that can be printed, you will eventually feel stupid Spend your bitcoin on things that will improve your lifestyle Don't sell it for pieces of paper
"Frugality drives innovation" Bitcoiners are some of the most frugal people in the world because they know once they give their #bitcoin away, they'll never get it back This is why I think we're going to see lots of new technology and innovation coming from Bitcoiners
I think 25% is a pretty realistic return for the next 30 years for #Bitcoin Bitcoin will very likely absorb all the excess wealth in stocks and real estate I guess we just wait and see to confirm whether my content is illogical
We are so lucky that we discovered #Bitcoin early This probably wasn't supposed to happen If the US government discovered Bitcoin before the regular everyday people, then Bitcoin wouldn't be accessible to everybody We are in a time where we can still BUY Bitcoin Future generations will work for it Everybody in the world can benefit from it Almost nobody knows about it 1% of the world owns 99% of the supply This supply will be redistributed to the rest of the world as the price of Bitcoin goes up and more holders are convinced to sell to make purchases or sustain their lifestyle as they retire from work This Bitcoin is moving into the hands of future OGs Everybody who's ignoring this right now is making one of the biggest financial mistakes of their life
JUST IN: 🇬🇭 Ghana passes law to legalise the use of #Bitcoin and crypto. Bullish 🚀 image
FUN FACT: If you bought #Bitcoin with your $1,400 stimulus check in 2020, you'd now have over $16,113. There is no second best 🙌 image
When you save in dollars, everything gets more expensive. When you save in #Bitcoin, everything gets less expensive. Pretty simple concept really. image
Why is #Bitcoin so hard to study? Because you can't do it overnight Eg. You won't come across certain topics until you've spent tens or hundreds of hours studying If you spend zero hours studying, those same concepts will sound like a different language
If you could go back in time, what would be your top tips for yourself at the beginning of your #Bitcoin journey? Mine: 1) Don't worry too much about market price; it will be EXTREMELY volatile 2) Don't make emotional decisions; fear and greed make you do crazy things 3) Do your own research, from multiple sources 4) Bitcoin ONLY; altcoins are a distraction 5) Keep a cash reserve just in case to ensure you don't have to sell Bitcoin in an emergency 6) Keeping money is different from earning money 7) Bitcoin-backed loans work well IF you keep LTV low enough; try to use less than 20% of your stack as collateral, with MAX 50% LTV on that 20% of your stack 8) Worry about how many satoshis you have, not the fiat value 9) Buy and hold for AT LEAST 4 years 10) Continue to DCA no matter what the news or social media tells you
The value of your labor/time is trending to 0 in terms of #Bitcoin Today your annual salary might be 0.5-0.7 BTC Eventually, you will be paid 0.01 BTC or less for a year of your time Every 0.1 BTC you own will give you a decade or more of time freedom and financial freedom
2023: Bitcoin crashes to $16k 2025: Bitcoin crashes to $84k Soon: #Bitcoin crashes to $600k HODL ✊
#Bitcoin is a savings account MicroStrategy is an investment Don't confuse the two Don't put too much of your wealth into risky investments Only buy Bitcoin with money you don't want to lose
NEW: BitGo partners with Voltage to offer institutional access to the #Bitcoin Lightning Network. image
One of the most important decisions you'll make in your life is deciding to accept or reject Bitcoin Choose wisely Rejecting #Bitcoin can set you back 20 to 30 years in your financial goals
Bitcoiners waiting for family to ask: "How's your #Bitcoin doing?" at Christmas dinner next week: image