If you have a million dollars in bitcoin today you’re sitting on 10 million in a few years time and a hundred million in 15-20 years time. It’s best not to screw it up.

Replies (41)

Lostdog's avatar
Lostdog 7 months ago
Spend and replace to kickstart the #Bitcoin economy 🍻
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shahodl 7 months ago
1. not your keys not your cheese 2. mismanagement of keys 3. borrowing against it 4. selling
or you wait 40years and people will ask you „what is this dollar?“
If you have 10 bitties today you’re sitting on 10 bitties in a few years time and 10 bitties in 15-20 years time.
At this point, HODLing is the easy part. What most men screw up is everything else. We’ll make it financially, but our marriage will fall apart. The house will be full, but the tension will be constant. And sometimes, it’s the wealth itself that triggers the implosion. The outer win means nothing if the inner world is a mess. Get that part right first.
The value of Bitcoin does not change. The dollars just become worth less and less as they print more and more. 10 million dollars 20 years from now is going to have the same buying power or probably less than 1 million dollars has now.
Losing seed phrase Leaving it on an exchange or custodial wallet that can easily be hacked or seized by the Gov or whatever corporation owns the exchange/wallet spending more than you save
"Wait, you telling me that’s like 3-5 mil in today’s bucks? 🤯 What’s the scoop on inflation, fam? 💸💬"
curt finch 's avatar
curt finch 7 months ago
Well wouldn't that be nice, to have 10 bitcoin, when I think most people should just shoot for.. .021 Bitcoin or .21 Bitcoin or maybe 2.1 Bitcoin
the value of Bitcoin absolutely changes. bitcoin is money. money is used to buy (today or in the future) shit that humans actually want/need. you can buy more or less goods/services with the same amount of bitcoin at different times, therefore the value of bitcoin is changing. i used to need to pay 10,000 sats for something that costs me 1,000 sats today. therefore the value of bitcoin went up over that period. this isn't rocket science.
20k was a blow off top that lasted less than a month You could also say we were at 3k 5years ago, in march 2020 and it would not make more sense
The tops of bull runs never last long nor will the next one, you don't just ignore them to fit a narrative. When people talk about the high price of 2017 $20k is the number and it remained the ATH for a long time.