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An open letter to bitcoin newcomers

Although the journey into bitcoin may be daunting, novices can adjust their way of thinking to have a relaxing time.

First of all, Congratulations! You should be proud of it. If you are reading this letter, you are very interested in learning bitcoin, which is a difficult step to take. As the saying goes, bitcoin is a journey, not a destination. The first step of the journey shows interest. honor!

When you enter the mysterious world of bitcoin, please remember that bitcoin is not investment, bitcoin is money. Please do this. Recently, I began to introduce this amazing technology to my peers more actively. So far, the most common question I've received is, "where can I spend my money?" For me, this question shows that most people only think about one use of money: spending. Bitcoin may take some time to play this role on a large scale. But money has another function bitcoin is best at: saving. Bitcoin is the best piggy bank in the world.

Using bitcoin as a piggy bank rather than an investment vehicle can help us make more responsible decisions. The purpose of using the piggy bank is to accumulate a small amount of savings, which may develop into a huge balance over time. But you'll get the extra benefits of bitcoin. Not only will your balance of bitcoin holdings increase, but over time, bitcoin should appreciate relative to any currency you currently use. This is because bitcoin's monetary properties are better than any other currency in history. Now that we've determined that bitcoin is important for saving, but not ideal for spending (in most cases), we can now set a goal. When we're ready to spend bitcoin, we want to have as much bitcoin as possible. This goal may seem obvious, but it's important to know the final goal when making decisions in this space. Your decisions about how to acquire and store bitcoin may affect the final revenue. How you get and store bitcoin is a personal decision. People use different methods to accumulate bitcoin, and each strategy has risks. The price of bitcoin tends to rise or fall sharply, which leads people to think that bitcoin is either "cheap" or "expensive" at any given time. These price changes will cause emotional reactions, which will lead people to make decisions and eventually reduce the amount of bitcoin they get. The most effective way to eliminate the emotional impact in this market is to make regular purchases on a regular basis, which is called average cost averaging (DCA). Steadfast and steady is the key to win the game.

DCA is a successful strategy for beginners for two reasons. As I mentioned earlier, it eliminates the emotional trap of trying to time the market. Equally important, DCA allows you to "increase your knowledge" while accumulating. As time goes by, your bitcoin balance and bitcoin education will grow together. When you have a large balance, you will be able to make the right decisions about bitcoin storage with confidence. Over the years, there have been countless stories about the loss of bitcoin's wealth, and those who don't know bitcoin are most likely to lose it.

I wish I could tell you in a different way, but the fact is, it's hard to understand bitcoin. It's hard to learn how to use bitcoin. You will have to address a theme that is new to you. You will have to question assumptions about how the world works.

Even if it's hard to understand bitcoin, it's possible. If you can do it, mom! Don't be mad at disc. Remind yourself that everyone in the bitcoin world is from now on. We all know how difficult it is for beginners. If you know someone who uses bitcoin, ask for help. If not, ask your favorite bitcoin content creator or twitter personality. From our point of view, there is nothing more satisfying than helping a newcomer to space grow into a sovereign individual ready to take control of his own future. John fakhoury's tweet says everything: "if I ever talked to you about buying bitcoin, that's how I say 'I love you.'

Then how do ordinary users want to buy bitcoin at this time? There are many bitcoin trading platforms. At the same time, new exchanges are constantly emerging, among which there are some platforms for cheating under the name of the exchange. Therefore, for traders who are new to this field, they must not choose those three no exchanges to guard against stepping on thunder. When choosing the platform, we should try our best to choose the head of the industry. The exchange is relatively more secure, with old seniority, strong anti risk ability and higher reliability coefficient. These exchanges are more formal, with high security, and can provide users with enough secure services.

(2021-4-14)

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