Saturday 2 September 2017

Advice for newbies: Do not panic-sell and buy the dips. These corrections are normal and healthy. Learn how to Hodl!


Price is almost always at a high (with intermitent and healthy corrections like this one) and it will be making new ATH's for decades to come because Bitcoin growth is exponential:Advice for newbies: Buy now, always Hodl, buy the dips and never panic-sell. Also relax, you are actually early if you start investing today and remember all this regarding Bitcoin investment:Never try to time the market. Dollar cost average by buying what you can afford to lose every week.It is always a good time to buy Bitcoin if you are holding long term and not just for day trading, so this is a great strategy. Remember that Bitcoin has always been up and the road to the moon is paved with minor corrections (Bitcoin is never "down" when you zoom-out). Everybody parroting: "The bitcoin bubble is about to pop" since 2009, don't know what 'Exponential Growth' means, check out this great 2017 MIT study.Bitcoin is a Moneybadger and this broad picture of its price since infancy (1 year candles on a logarithmic scale) show Bitcoin growth is not in a "bubble" right now. Bitcoin has outperformed every other currency, commodity, stock and asset since its inception in 2009: "2017: Bitcoin Beats Stocks, Bonds, And Gold, Again”. Bitcoin is the first unseizable store of value in human history, unlike gold, equities, or fiat, it can't be confiscated if stored correctly.Also, remember its fixed, limited supply of 21 million coins ever, there are just ~4.5 million (~20%) bitcoins left to be mined till 2140 and the production will keep decreasing ("halving") every 4 years till then. So, remember this and don't wait for the price to drop significantly again, because you could be waiting forever:“The best time to buy bitcoin was a few years ago, the second best time is always now”.Don't be ----> this guyHere is a good start: "Introduction to Bitcoin" - Andreas AntonopoulosPlaylists on Andreas own YT channelCheck out this great articles:"What Gave Bitcoin Its Value?""How do Bitcoins have value?"(I bought more at $4,600). via /r/Bitcoin http://bit.ly/2gxBKr4

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