Friday, 8 September 2017

...and another "CHINA BANS BITCOIN!!!...AGAIN!!!...AN AGAIN!!!". FFS people, learn the drill, just Hodl and buy the dip. If you are new here, read this advice:


Advice for newbies:Buy now, always Hodl in FUD times (Bitcoin has "died" many times), buy the dips and never panic-sell. The price is almost always at a high and it will probably be like that for decades to come because Bitcoin growth is exponential. Also relax, you are actually early if you start investing today, mentally prepare yourself for healthy and expected market volatility/dips/corrections/"crashes" 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 practically been up most of the time, and the road to the moon is paved with minor corrections (Bitcoin is never really "down" when you zoom-out).So, 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: "The Cryptocurrency Market Is Growing Exponentially". We are still at the bottom of the "S" Curve.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. Learn the difference between Inflation (dollar) and Deflation (Bitcoin).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?"How to buy Bitcoin?Where to buy Bitcoin list via /r/Bitcoin http://bit.ly/2eTgxax

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