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    HomeCryptocurrenciesBitcoinThe Bitcoin Lie: Getting rich from Bitcoin is easy

    The Bitcoin Lie: Getting rich from Bitcoin is easy

    There is a common misconception by those just entering the cryptocurrency market that it is easy to get rich by investing in Bitcoin. All you have to do is buy, keep buying and hold until the price goes up significantly. They make it seem so easy, but it's not. Actually; the majority of those same people won't be able to hold onto their bitcoins long enough to see those riches. Holding or in the crypto world; hodling, can be one of the hardest things you will go through if you let it. Yes, getting rich by investing in Bitcoin is very possible, especially over a long period of time, but I am here to tell you the honest truth that if you want to reach that ultimate finish line, you will be tested many times. And you have to be emotionally ready to deal with these challenges.

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    Look carefully at the picture above. There is one thing in common that you see in all the photos; a bitcoin hodler treats his BTC like an absolute treasure and you should do the same. By this I mean that it is important to know exactly what asset you are holding. Once you really understand bitcoin, its value, how extreme it is, its potential; that's when you'll hold on to it for dear life, just like the guy in the picture. This will allow you to hold on to your coins during the amazing days and also during those difficult days. If you got in early enough like I did, you too will have gone through many of these same moments that test your mental strength. While everyone else is panicking, announcing that Bitcoin is over, and also seeing your wallet go down by 50% in one day; Will you be able to face the crowd and keep your precious bitcoins? Perhaps more importantly, will you have the mental strength to go against your emotions and remember that these are the best times to buy bitcoins and actually do it? The number of people who have this ability is smaller than you think. The above meme has been around since last year before the actual run, when people were exclaiming how happy people were to get bitcoins for under $10,000. If you can learn anything from the picture above, I hope that getting rich with Bitcoin is not luck, but a test of perseverance. Will you have the mental strength to resist your emotions and remember that these are the best times to buy bitcoins and actually do it? The number of people who have this ability is smaller than you think. The above meme has been around since last year before the actual run, when people were exclaiming how happy people were to get bitcoins for under $10,000. If you can learn anything from the picture above, I hope that getting rich with Bitcoin is not luck, but a test of perseverance. Will you have the mental strength to resist your emotions and remember that these are the best times to buy bitcoins and actually do it? The number of people who have this ability is smaller than you think. The above meme has been around since last year before the actual run, when people were exclaiming how happy people were to get bitcoins for under $10,000. If you can learn anything from the picture above, I hope that getting rich with Bitcoin is not luck, but a test of perseverance. 

    Naturally there is no shortage of FUD or difficult situations that Bitcoiners have to endure and the above meme has been updated for today.

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    The first few months of 2021 were tumultuous for Bitcoin, but just as the laser eye movements began, things took a turn for the rough. Since then, months of FUD attack after FUD attack have passed. As a result, from an all-time high of $ 64k all the way down to $ 28k. In Bitcoin software there was FUD about double cost error, Elon crashed the market with his posts and the Tesla news, China banned Bitcoin again and also banned mining, there was a strong movement against the use of energy from mining and of course the infrastructure bill that could hurt crypto as a whole. Again, there were proclamations that the Bitcoin bull run was over and that the price would definitely hit $20,000, maybe even go back to $10,000. During this time, a high percentage of new people who had just entered Bitcoin during the run up to $ 64,000 panic sold. It's a story as old as time. New users buy high and sell low, only to return higher at a later time. When they sell; they are selling to the veterans of the bitcoin market. Unfortunately, to solidify your trust in Bitcoin, you need to have gone through at least 1 full cycle, preferably 2. At this point, you will see how the whole process goes. The drops that might have stressed you out tremendously when you were a noob won't let you down now. In fact, you will look forward to these days. This is an opportunity to get one of the greatest assets out there, at a deep discount. New users buy high and sell low, only to return higher at a later time. When they sell; they are selling to the veterans of the bitcoin market. Unfortunately, to solidify your trust in Bitcoin, you need to have gone through at least 1 full cycle, preferably 2. At this point, you will see how the whole process goes. The drops that might have stressed you out tremendously when you were a noob won't let you down now. In fact, you will look forward to these days. This is an opportunity to get one of the greatest assets out there, at a deep discount. New users buy high and sell low, only to return higher at a later time. When they sell; they are selling to the veterans of the bitcoin market. Unfortunately, to solidify your trust in Bitcoin, you need to have gone through at least 1 full cycle, preferably 2. At this point, you will see how the whole process goes. The drops that might have stressed you out tremendously when you were a noob won't let you down now. In fact, you will look forward to these days. This is an opportunity to get one of the greatest assets out there, at a deep discount. preferably 2. At this point you will see how the whole process goes. The drops that might have stressed you out tremendously when you were a noob won't let you down now. In fact, you will look forward to these days. This is an opportunity to get one of the greatest assets out there, at a deep discount. preferably 2. At this point you will see how the whole process goes. The drops that might have stressed you out tremendously when you were a noob won't let you down now. In fact, you will look forward to these days. This is an opportunity to get one of the greatest assets out there, at a deep discount.  

    I have full confidence that we will see a Bitcoin price over $100,000 much sooner than many expect. Just at this moment when everyone will be very jealous that you managed to get bitcoins at a price below $ 50000. Maybe you were lucky. But right now, you'll look back at all the turbulence you had to go through and keep holding on to get to this point. At this very moment, you will not consider yourself lucky, but you will consider yourself a survivor. Getting rich is never easy, there is always a big obstacle or challenge in every arena you try to excel in. In the world of Bitcoin, the challenge is going against profit, not listening to your emotions and continuing to hold and buy. If you can do this, keep buying and maybe even earn extra by lending your bitcoins to a loan provider;  

    What about you? Have you been able to HODL through the last few months of FUD and the price of BTC dropping significantly? Did you manage to add even more bitcoins to your portfolio? What was the biggest challenge for you?

    As always, thank you for reading!

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    SourceJohnWege
    Throughpublish0x

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