How to Never Lose Money With Bitcoin
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." - Warren Buffett
Ever lost a lot of money?
Sleepless nights ensue, your decisions replayed and questioned over and over again in your head. Eventually, you just have to let it go….
Otherwise, you’d go insane.
Investing using fiat instruments can be a dangerous game.
Millions of people are out there, all playing the same game. Some of the smartest people walking the earth are involved, backed by literally trillions of paper dollars. It’s brutal, ruthless, and unfortunately rigged to a great extent.
If you don’t keep your head up, you’re undoubtedly going to get knocked out.
But there’s a new game that humble plebs are playing…one where you NEVER LOSE, if you approach it with the right mindset.
But first, lets review the rules set forth by one of the investing legends…
Rule Number One: Never Lose Money
Warren Buffett’s first rule is widely known among the investment community for its simplicity.
Never lose money.
In a nutshell, it means that you should know what you’re getting into. Do your research, think about it, and then wait awhile while you think about it some more.
Our worst financial decision are made in emotional moments, when we are either feeling fearful or greedy.
This leads to disaster.
Thus, if you approach every single investment with the mindset that you cannot stand to lose any of your hard-earned money, you’ll look before you leap.
Rule Number Two: Never Forget Rule Number One
So once you have rule number one down, what’s next?
Revisit and re-establish Rule #1 in that thick skull of yours!
Yes, Buffett emphasizes the concept of not losing money to such an extent that the second rule is to revisit the first rule. What this should tell you is that your capital is precious, and you never want to gamble!
If gambling is what you want to do, allocate a little cash to your entertainment budget and go to Vegas!
This speaks deeply to human nature.
We have so many irrational beliefs about our investing abilities. Not recognizing that this is a weakness can lead us down the road to ruin.
So tighten up your mindset.
But there is one neat trick that helps you in the Bitcoin Universe. Something that allows you to invest, and never-ever lose…
Change Your Unit of Account From Dollars to Bitcoin
Bitcoin is simply another form of money.
Everything from beads to seashells to gold has been used as money in man’s history. These items have pros and cons, of course - but one of the biggest problems with physical items is that they can either be replicated or mined.
While gold is the hardest of these items to find and/or mine, it can and will always be sought out as long as other people value that item.
Fiat is one of the worst items to store value in, as governments can create millions or billions of additional units at the snap of a finger. Right now, the United States is such dire straights, they are planning to boroow at least $2 Trillion dollars over the next year or so, just to keep the machine up and running.
Yes this shit can (and will) get out of control very quickly once people wake up and realize what’s going on.
Fortunately for us, most folks are just too busy, uninterested, or unaware of the game the government plays. Nor the solution deployed by Satoshi nearly 15 years ago.
So as humble plebs we just keep on buying, and hoarding Bitcoin.
The truly mind-blowing thing is that we cannot be diluted by ANYONE once we have purchased and safely stored our Bitcoin.
So…if we simply change our view on “money” by changing our unit of account from the dollar, to Bitcoin, we NEVER LOSE MONEY.
Because Bitcoin is scarce, digital, has a fixed supply, and a known schedule issuance, we can completely rely on the Bitcoin Network to save us from the lunatics running the asylum.
Now…I already hear the argument: “What about the (dollar) price of Bitcoin?”
And of course, if your unit of account is the dollar, then you may get less of them if you decide to sell your Bitcoin back into dollars.
But that’s not what plebs are about…
This is a monetary revolution
In a revolution, you stay smart, you watch your back and defend yourself, your family, your friends and your community in that order.
Nothing is going to change until change is forced upon the powers that be, and that happens when enough people stack enough Bitcoin and simply ignore everything that Clown World stands for and represents.
Stay Humble, Stack Sats, and you’ll never lose a single one if you do it right.
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