Bitcoin Crash, Game Over?
Will emotion get the best of us?
I posted the video/audio of me reading through my article AND Anthony Pompliano’s analysis (post at bottom to read as well) on this YouTube link above….Let me know what you think of this new style and if you would like to see that in the future on each post?
Naturally, I am receiving a lot of questions about bitcoin’s price movements and people asking me how I feel:
I just bought a bunch yesterday and have more limit orders set to auto-buy at certain prices below around $20k, $17.5k, and $15k.
I have never been more convicted than I am now. I hope it continues to move down so I can accumulate more and more, at cheaper fiat prices.
Bitcoin fundamentals have never been stronger. Warren Buffett tells us that “when others are fearful it’s time to be greedy, and when others are greedy it’s time to be fearful.”
We MUST understand the assets we invest in. Never invest just because someone else does.
PLEASE do your own homework and never take my word or anyone else.
The real and true reason I am an owner of bitcoin is the power to disrupt banks and government is right in front of us if we stay the course.
Bitcoin is a true trojan horse.
I am on a mission for freedom for everyone.
That is priceless to me and worth way more than anything fiat money can buy.
That is the opportunity bitcoin gives all of us.
I just met today with a friend, who I was introduced to by another friend of mine, who is setting up a bitcoin mining fund.
That is how much I believe in what the bitcoin network will do for humanity moving forward.
I will continue to put my depreciating assets (dollars) in to appreciating assets (bitcoin and bitcoin mining rigs) to strengthen the network.
I have found the more my education goes up the more I invest in bitcoin.
The last month has made a lot more bitcoin holders, because of exchanges getting blown up or alt-coins blowing up.
I love bitcoin because it cannot be taken away for me and there will never be more than 21 million, so the value will continue going up overtime, mathematically.
When it’s off the exchange and in my cold storage wallet I sleep like a baby at night.
Wealth that can never be stolen from me because of bad actors, governments, or thieves unless I am careless with my seed-phrase and willingly give that out to people.
Bitcoin is immutable wealth that I cannot be censored from.
When you truly understand that you are building your own bank away from insurance companies, governments, or other counter-parties, who have their own incentives and usually not aligned with yours, that is when you realize the power of bitcoin.
If you want to dive in further in to the technicals and fundamentals, here is an awesome post from Anthony Pompliano regarding the price versus value of bitcoin.
He shows the fundamentals are stronger than they ever have been and the network couldn’t be more robust.
Keep your diamond hands strong,
Brandon
Ps. Remember, bitcoin has compounded annually around 150% each year for 13 years. Those that lose are the ones who sell out and don’t understand what they are holding. I don’t have everything in bitcoin. As you can see from my post the other day. It is around 20-25% of my portfolio but will be a lot more over time as the network accrues values. I like to diversify and have other assets as well.
Back to regularly scheduled programming tomorrow!
*Not financial advice*