I'm a Hodler from 2011 and have some words for newbies
I have literally been holding these coins for 10 years 10 fvvvking years. Do you know the emotional toll it puts on a person to hold through three bear markets!? DO YOU UNDERSTAND THE COST???????
For new bitcoiners & pre-coiners:
Don't feel bad for not understanding bitcoin immediately, it takes a long time.
You're not late. Everyone including myself felt late. It is still e-a-r-l-y.
HINDSIGHT IS 20/20. The best time to plant a tree was 20 years ago. The second best time is now. Seize the day and it's time to go all in. This asset is now de-risked and a 10000000 times better buy now than back in 2011 from a risk adjusted perspective.
I've watched this god damn internet project grow from literally being mocked 24/7 including by holders and now it's being adopted as a treasury reserve asset by Publicly listed companies. It has already won. The risk is gone.
Buy bitcoin now and front-run every public and privately listed corporation, and every nation states that wants to stay relevant in the 21st century too.
The educational material is awesome nowadays. I have been studying bitcoin 5+ hours a day for the past 2.5 years and every week I learn something new about bitcoin and how money works and realise how ignorant I was before.
First buy Bitcoin. Second invest in yourself through education. Investing in educating yourself will quell any anxiety around holding such a large % of capital in Bitcoin.
HODL does not stand for "hold on for dear life". That's dumb.
HODL is from a drunk misspelling from a post on the bitcoin talk forum about the price crashing and a dude's girlfriend out at a lesbian bar.
Open to answering questions.
Peace.
edit: OKAY I HAVE ADDED THIS SECTION DUE TO REQUESTS.
HERE ARE MY RECOMMENDED TO GET A NEWBIE UP TO SPEED AS QUICKLY AS POSSIBLE.
BITCOIN IS A DEEP RABBIT HOLE, AND THIS LIST IS SUBJECTIVE TO MY PERSONAL TASTES.
SHOUT-OUT AND GRATITUDE TO ALL THE BITCOIN CONTENT CREATORS ON AND OFF THIS LIST. YOU HAVE ALL HELPED ME ON MY JOURNEY TO WHATEVER UNDERSTANDING I CURRENTLY HAVE.
LIST:
STOCK TO FLOW MODEL
[SLP67 Plan B (@100trillionUSD) - Modelling Bitcoin’s digital scarcity through stock-to-flow techniq] https://www.youtube.com/watch?v=nwCKCTIujtU
[SLP86 PlanB - Frontrunning the Bitcoin Halvening?] https://www.youtube.com/watch?v=-FsGZqLQlXk
[Original Article: Modeling Bitcoin's Value with Scarcity] https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
[SLP171 planB & Saifedean - Bitcoin S2FX, S2F and Evolution From Collectible to Financial Asset] "Video" - https://www.youtube.com/watch?v=j2cP8k_QUaw "Text" - https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12
BITCOIN TINA - GENERAL THOUGHTS ON BITCOIN
[BitcoinTina on Bitcoin Part 1] https://www.youtube.com/watch?v=BIvKRxS1hZw
[BitcoinTina on Bitcoin Part 2: How to value Bitcoin and think about “SoV] https://www.youtube.com/watch?v=DHHUKx3YCJI
[BitcoinTina on Bitcoin Part 3: How to Think about Investing in Bitcoin] https://www.youtube.com/watch?v=wynJyqYZmOA
[Bitcoin Magazine is proud to present BitcoinTina on Bitcoin Part 4: The Path to 100 Trillion USD] https://www.youtube.com/watch?v=doxZ2qfns6I
[#138: BitcoinTINA "The Perfect Storm"] https://www.youtube.com/watch?v=ijM0IyEw2ME
[The Hardest Trade: BitcoinTina on Bitcoin] https://www.youtube.com/watch?v=sysmJAONaE0
ESSENTIAL READING/LISTENING
The Bullish Case for Bitcoin "Text" - https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1 "Audio" - https://www.youtube.com/watch?v=fkmEfNNGMm8
The Bitcoin Standard (Book) "Text" - [Buy in real life, or download for free from "1lib.eu"] "Audio" - [Download from Torrents, Audible]
Everyone's a Scammer "Text" - [https://nakamotoinstitute.org/mempool/everyones-a-scammer/] "Audio" - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_267---Everyones-a-Scammer-Michael-Goldstein-e4ihq8
Hyperbitcoinization [https://nakamotoinstitute.org/mempool/hyperbitcoinization/]
Hyperbitcoinization: Winner Takes All [https://medium.com/coinmonks/hyperbitcoinization-winner-takes-all-69ab59f9695f]
Masters and Slaves of Money "Text" - https://breedlove22.medium.com/masters-and-slaves-of-money-255ecc93404f "Related Audio podcast" - https://www.youtube.com/watch?v=T2OQweB7UHU
Bitcoin Obsoletes All Other Money "Text" - https://unchained-capital.com/blog/bitcoin-obsoletes-all-other-money/ "Audio" - https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_345---Bitcoin-Obsoletes-All-Other-Money--Parker-Lewis-eahce1
[The Great Monetary Inflation: Paul Tudor Jones Newsletter to Investors (Look up who this guy is + print out & read twice)] https://www.docdroid.net/H1fuimX/the-great-monetary-inflation-pdf
[SLP115 Trace Mayer - Bitcoin as Ultimate Collateral] "Audio" - https://www.youtube.com/watch?v=KrzgMJZvA1U
[SLP181 Preston Pysh Bitcoin as Numeraire] "Audio" - https://www.youtube.com/watch?v=cDlQe68CdXQ
The 10,000 year view of Cryptocurrency "Link" - https://woobull.com/the-10-000-year-view-of-cryptocurrency/
When is the right time to rebalance Bitcoin allocation in your portfolio after large gains (it's not) "Text" - https://woobull.com/on-portfolio-rebalancing/
Corporate Adoption of Bitcoin
Pomp Podcast #385: Michael Saylor On Buying Bitcoin With His Balance Sheet "Audio" - https://www.youtube.com/watch?v=WrR95PFYDFQ&t=10s
Chat #47 - Magic Gold with Michael Saylor "Audio" - https://anchor.fm/thecryptoconomy/episodes/Chat-47---Magic-Gold-with-Michael-Saylor-ejrbld
BTC005: Bitcoin & Michael Saylor - A Masterclass in Economic Calculation (Conversation about real inflation) https://www.youtube.com/watch?v=jwgOVPJ2FnU
Bitcoin Masterclass with Michael Saylor and Ross Stevens https://www.youtube.com/watch?v=B2I0FB2Wn50
MACRO VIEW ON BITCOIN
- Bitcoin , Gold, and The Future of Macro Investing (w/ Dan Tapiero) "Video" - https://www.youtube.com/watch?v=BtjziNDqC4E
STRUCTURED COURSE
The "What is Money?" Show - Robert Breedlove + Michael Saylor [ESSENTIAL VIEWING CONTENT 9 EPISODES] !!!!! https://www.youtube.com/playlist?list=PL2jAZ0x9H0bRvoNt1xNJWYa9_8_an03h0
MIT Open Blockchain & Money Course [LECTURER IS CURRENTLY HEAD OF SEC] https://ocw.mit.edu/courses/sloan-school-of-management/15-s12-blockchain-and-money-fall-2018/video-lectures/
TOP OVERALL RESOURCES
Jameson Lopp - Bitcoin Information & Resources https://www.lopp.net/bitcoin-information.html
Bitcoin Resources Page https://bitcoin-resources.com/
Satoshi Nakamoto Institute https://nakamotoinstitute.org/
Bitcoin Only https://bitcoin-only.com/
Parker Lewis - Read/Listen to Everything https://unchained-capital.com/blog/author/plewis/
CHARTS/DATA
Digitalik https://digitalik.net/btc/
Willy Woo - Woonomics http://charts.woobull.com/
DCA/BTC (Interactive chart to play around with illustrating the power of "Dollar Cost Averaging" "Link" - https://dcabtc.com/
Bitcoin Treasuries https://bitcointreasuries.org/
BITCOIN PODCASTS
I use the mobile app - "Podcast Addict". Alternatively "Antenna Pod" is a good open source alternative.
Stephen Livera Podcast (Start from Ep 1)
Noded (Start from Ep 1)
Bitcoin Audible
Tales from the Crypt (Start from Ep 1) (shout out to Marty & Matt)
Citizen Bitcoin
Bitcoin Knowledge Podcast
Swan Signal
We Study Billionaires (Bitcoin Fundamentals BTC001-BTCXXX)
The Bitcoin Standard Podcast
What is Money Podcast
There are lots of high quality Bitcoin podcasts out there. These are the ones I like. If one of these does not suit your tastes, try another.
SOFTWARE WALLETS
Recommended Computer Wallets: 1. Wasabi wallet https://www.wasabiwallet.io/ 2. Electrum https://electrum.org/#home
Recommended Mobile Phone Wallet 1. Green Wallet https://blockstream.com/green/
HARDWARE WALLETS
Coldcard Mk3 (less user friendly, more expensive, more features, more secure) https://coldcardwallet.com/
Ledger Nano S https://shop.ledger.com/products/ledger-nano-s
[link] [comments]