At the beginning of October 2020, the price of Bitcoin was around $10K. And then, everything that Bitcoiners had been predicting for months happened. The effects of the May 2020 Halving began to be felt, and everything accelerated for Bitcoin.

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You Don't Understand Bitcoin Because You Think Money Is Real Cash
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You Don't Understand Bitcoin Because You Think Money Is Real Money

Stimulus bill: $1,900,000,000,000. Bitcoin market $1,010,000,000,000. They created more dollars out of thin air than the total value of the bitcoin market. We are still so early. A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. It takes no time out of your day, and you don’t even have to think about it. The beautiful thing about bitcoin is that it’s not investing, it’s saving. When you invest, you take the money you earned from your day job and invest it in assets like stocks and real estate in the hopes that you can turn a profit in the future by selling it.

Bitcoin entered an incredible bullish rally that allowed its price to break through with great ease milestones that many Bitcoin naysayers thought were unattainable.

If you don’t get that it’s a measure, and nothing else, you can’t really analyze “money.” So they focus on the prices of the coins, which is for them to miss the point. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. Bitcoin and other cryptocurrencies have been getting a lot of attention lately. Investors hear news about overnight Bitcoin millionaires who lose their fortunes just as quickly. One bitcoin ranged in price from $1,000 in early 2017 to a high of over $63,000 in April 2021, with intense volatility in between.

In March 2021, Bitcoin finally broke through $60K.

Many people are looking for the best possible exit strategy with Bitcoin

Throughout this bullish rally, more and more people began to wonder when they should sell their BTC. I received messages from people asking me the following:

What is your exit strategy with Bitcoin?

The people who still ask these questions clearly don't understand the full liberating power of Bitcoin. That's okay because I'm here to help them figure it out.

My answer is always the same: you don't need an exit strategy with Bitcoin, because Bitcoin is your exit strategy.

My sentence is surprising. And yet, if you take the time to think about it, you will understand. Bitcoin was created to give you back the power of money. Bitcoin protects the fruits of your labor from the ravages of monetary inflation in a way that resists censorship.

Bitcoin is not an investment, but a savings technology. The best in the world, even.

You need to understand the why of Bitcoin

When you buy Bitcoin, you should not be looking to get rich quickly. Instead, you should be looking to protect the fruits of your labor from the ravages of monetary inflation. Over the course of 2020, Bitcoin has emerged as a formidable safe haven in the face of the great monetary inflation that has intensified.

Those who bought Bitcoin were able to protect the fruits of their labor. Those who decided to avoid Bitcoin are already paying the price today as the U.S. dollar continues to weaken.

Bitcoin is here to give you back the power over your money. It does this by guaranteeing you three fundamental freedoms:

Freedom to send BTC.
Freedom to receive BTC.
Freedom to HODL BTC.

Combined, these three freedoms allow you to live your life on your own terms.

Once you own Bitcoin, you have no interest in selling it for profit. Some will urge you to do so by saying that you can't be Bitcoin HODLers forever. And yet you can. This is my philosophy:

Bitcoin HODLer one day, Bitcoin HODLer forever.

Bitcoin is your exit strategy from the current system

I could trade my BTC to take profits in U.S. dollars. You can too.

However, if you do that, you will have forgotten why you bought Bitcoin in the first place: to protect yourself from the endless monetary inflation of fiat currencies. You will be trading your BTC for weak currencies that will continue to lose value in the years to come.

Your precious profits will only melt away in the years to come.

Other withdrawal options are also easy and you can get funds sent back to your bank account, PayPal or other deposit option. You can also receive a check for your winnings.Customer service and support are high quality and professional if you have an issue and need a problem resolved. You can deposit funds on the card and then use it to fund an account.A casino’s card can also be used to make general purchases or withdraw funds. Options generally include:. https://daynew.amebaownd.com/posts/21816787. Email.

Under these conditions, there is no point in selling your BTC and thinking indefinitely about an exit strategy. Bitcoin is already your exit strategy. You need to take the long view. Bitcoin is the best alternative for the people to the current monetary and financial system.

By becoming a Bitcoin HODLer no matter what, you are betting on the future success of Bitcoin.

Those who take a long-term view of Bitcoin understand that there is no point in selling their BTC

The mass adoption of Bitcoin as a store of value by the general public is well underway. In the future, Bitcoin will catch up to and surpass gold's market cap. That is my belief. As Bitcoin's market cap continues to grow, more and more merchants will support Bitcoin as a means of payment for everyday life.

You will be able to use your BTC protected from the ravages of monetary inflation in any way you choose.

You will spend your BTC not because you fear it will lose value, but simply because you choose to. That's the freedom Bitcoin gives you. Bitcoin is about power. Eventually, Bitcoin will even become a unit of account in my opinion.

You will be able to ask your employer to be paid in BTC instead of U.S. dollars. Bitcoin will be a growing alternative system that will live alongside the current system. It will give hundreds of millions of people full control over the fruits of their labor. A real revolution!

Final Thoughts

To benefit from all this, you need to realize today that Bitcoin is your exit strategy. Bitcoin is your exit strategy from the injustice of the current monetary and financial system. The digital currency invented by Satoshi Nakamoto will help you to take back power over your money.

The day you understand this, you will no longer be afraid of BTC short-term price drops because you will know that the goals to look at are long-term. And in the long run, Bitcoin's success is inevitable. It is simply a matter of time.

It's up to you to have the patience to take full advantage of the Bitcoin revolution in the future.

Some reading:

The Four Things That Should Never Control Your Life - Avoid wasting your time on things that are not essential.
They Didn’t Think These Technologies Would Disrupt the World, but They Did, As Bitcoin Will - Bitcoin will eventually catch on with most people too.
The 6 Major Questions Raised by Apple’s New ATT Policy Going Into Effect - Apple wants to be the leader in privacy.
Wanting To Get Rich? Look at Where Change Is Happening, Then Embrace It Before Others Do - Jeff Bezos’ story is very inspiring for this.
10 Cognitive Biases You Should Avoid To Live a Happier Life - Take control of your mind.

Key Takeaways

What is Bitcoin? | What do you need to invest in Bitcoin? |
How to invest in Bitcoin in 5 steps | Is Bitcoin a good investment? | Different ways to invest in Bitcoin

Over the last several years Bitcoin has become increasingly popular amongst today’s investors. During that same time, there’s been a lot of debate about Bitcoin and other cryptocurrencies—Its proponents

You Don't Understand Bitcoin Because You Think Money Is Real