21 Rules of ₿itcoin - Michael Saylor

[Dave1]

https://x.com/saylor/status/1891492169409593715?mx=2

Something to ponder to all Bitcoin's enthusiast. I like number 17 though, and I think most of us can relate to it. Prior to Bitcoin, we might not be aware of how investment works. And when we involved ourselves to it, it changes everything on how we see fiat, how everything boils on our mindset with regards to investment that can also be applied to all any other assets.

[Herold]

Rule #4 is probably the most underrated. No matter how long you're in the space, there's always a deeper level of understanding. Bitcoin isn't just an asset, it's a lifelong study of economics and technology. Truly inspirational list!

[BattleDog]

Look, I respect Saylor for putting his money where his mouth is more than pretty much anyone else in this space. The man went all in and then borrowed more to go in again. That takes conviction.

But some of these read like fortune cookies written after a third espresso. "Laser eyes protect you from endless lies" is the kind of thing that makes normies think we're in a cult, and honestly I can't even blame them. Number 9 is funny too, "only buy Bitcoin with the money you can't afford to lose." I get what he's trying to say but that's genuinely terrible advice if you read it at face value, and newcomers absolutely will.

[rbynxx]

The only thing that I probably will not follow is the rule #20. There's no way you wouldn't sell at some point. We know Saylor is a BTC maxi but I think even some maxis will sell. Number 15 seems will raise eyebrows because it's clearly not for everyone especially for those critics and conservative to the old system.

Do you think Saylor will follow his own set of rules for eternity?

[KiaKia]

Rule #7 though.

I brag with that a lot.
Property owners can't win me in this area  

You actually don't own nothing unless you have Bitcoin.
Trust me, this is like a poison to digest for many people.
Especially those who have complete trust in other investment apart from Bitcoin.

The last time I had that debate among friends and won I felt like John Wick, its just a plain truth that's heavy in the mind of those who don't know much about Bitcoin and its potential.

[Aanuoluwatofunmi]

All that have been said about bitcoin were true, but yet despite all these, some are still found in a stieve neck attitude not to accept the use of bitcoin for anything, just because they cant just trust the network, maybe they must have been experienced in all sort of scam before and found a victim, lose as many as possible, but not knowing that bitcoin could actually be a source to make all their recovery possible over time if adopted, we don't give up until we achieve what we desire, not even now that bitcoin has gotten to this stage of no return, because its achievements and success were beyond numbers.

[terrific]

#20 can't be a guarantee for every holder. While it can be applied to him and Microstrategy.
But for everyone who's holding Bitcoin in the long run won't be assured that there won't be a time that they'll never sell.
A time will definitely come to sell at some point but not going to be all that they're holding.
If that's the kind of rule that works for him, it could also work for the others but not everybody.

[Chifather247]

Sure Bitcoin's not just a currency, it's a mindset shift. Using it makes you rethink value, trust, and freedom. You don't change Bitcoin, it changes you,humbles you, educates you, and makes you think long-term. Changing me, anyway , i totally agree with number 17

[As-Soon-As]

Bitcoin is for everyone, I believe that but I don't understand why people are afraid. The more Bitcoin can be held, the more profitable it will be. Michael Saylor says that every reason he mentions is valid and if Bitcoin can be held properly, it will definitely help to get rid of economic hardship in the future. Take the opportunity to invest in Bitcoin and buy Bitcoin at a low price while the Bitcoin market is going through a dip.

[BABY SHOES]

Saylor is a Bitcoin Maximalist

8. Everyone gets Bitcoin at the price they deserve.

Whatever price they buy at the moment it gets a fair price, because we know the price of bitcoin will continue to rise as the cycle goes through.
You bought bitcoin at $100K and now $66K the price you bought it is still worth it because bitcoin will definitely go up again.

17. You don’t change Bitcoin, it changes you.

This is real... how many investors have changed their financial economic fortunes now for the better, even many people have become rich as a result of buying bitcoin long ago.

[Lucius]

Message to Saylor - Bitcoin is not a religion, nor do we need these "commandments" nor do we need a leader to write them. The most important thing he hasn't yet understood (he probably hasn't read the whitepaper yet) is that Bitcoin is a decentralized cryptocurrency, not digital gold as he and his companions want to portray it.

[Wind_FURY]

In those first four rules, I believe he describes himself and what he has learned through experience. That probably applies to MANY of us plebs in BitcoinTalk, especially the fourth rule, no?

There are some people who support the filterbois who probably has not thought of how actually Bitcoin technically works, and why it works.

[Mahiyammahi]

9. Only buy Bitcoin with the money you can't afford to lose

After watching this my friend rushed to buy Bitcoin by selling his all property  .
Newbie's are rushing to DCA with all the funds
I'm taking loan for my life buying Bitcoin .
Jokes apart Saylor is die hard fan of bitcoin. He's a funny guy but one with actual wise one.

[PrivacyG]

There are multiple 'rules' I do not agree with, but particularly number 14.  Be for Bitcoin, not against Fiat?  Why?  If Fiat was great, Bitcoin would not need to exist.  Fiat is pretty much what brought Bitcoin in to existence.

I am against Fiat and will always be.  I can not escape it and I am aware of this.  But I am not going to not be against it considering how much harm it is doing to the entire World.  It is as toxic of a Currency as it can be and it will always be on a constant edge of failure.  I would in fact advise that more people be against Fiat too.  Even if they do not like Bitcoin.

[Ambatman]

I hate when it seems Bitcoin is taken like a cult even if he's faking it.
And personally don't agree with some of the rules.
Rule 20 Is selling not a form of exchange? If we just buy and hold forever then what's the essence of it being money.
And we don't own Bitcoin in the absolute sense. It won't go with a person when they die.

[Mia Chloe]

Something to ponder to all Bitcoin's enthusiast. I like number 17 though, and I think most of us can relate to it. Prior to Bitcoin, we might not be aware of how investment works. And when we involved ourselves to it, it changes everything on how we see fiat, how everything boils on our mindset with regards to investment that can also be applied to all any other assets.

Well there's nothing really special about the right up these billionaires make. No matter how they try to paint it they are all in for profit regardless one interesting thing about bitcoin is flexibility of use regardless of who's using it so it depends mostly on the user not necessarily what people think.

Satoshi intended a P2P breakthrough but on a large scale it's slightly less prominent than actual view as an asset which makes hodling the talk of the day .

[Ryu_Ar1]

I am quite interested in discussing point 5 because indirectly this condition becomes very relate to the current situation both situationally and literally.

Currently bitcoin has always been one of the logical answers when we talk about hedging and for other conditions it seems that we already know that the conditions and movements of bitcoin always start from chaos regardless of when we are in a positive trend or when we are in decline before making a bubble to increase the price of bitcoin itself.
In addition, another chaos here I interpret as a philosophical situation where it could be that the decline was designed (and the situation is right when bearish) by several large countries that always play regulations so that they can get a price that is very suitable for them and make this back as their money field for a certain period of time. Right now there are several countries doing this and we know China is one of the most vocal countries here.

[nakamura12]

In my opinion, this doesn't seem like a rules to me because it seems like it is an advice or a tip for anyone who are into bitcoin. It's useless if Bitcoin isn't sold because there are circumstances or situations where you must have to sell your bitcoin to have more money like for emergencies and other really important stuff where you still lack funds. If not selling Bitcoin then no one would have gain profit when the price of Bitcoin increased especially when it reached 100k.

[sleepfirefly]

But some of these read like fortune cookies written after a third espresso. "Laser eyes protect you from endless lies" is the kind of thing that makes normies think we're in a cult, and honestly I can't even blame them. Number 9 is funny too, "only buy Bitcoin with the money you can't afford to lose." I get what he's trying to say but that's genuinely terrible advice if you read it at face value, and newcomers absolutely will.

outsiders definitely think that crypto bros make a lifestyle out of involving themselves in crypto. i get that people are trying to be poetic but there’s a lot of “dumbing down” when it comes to advices like this. instead of looking at bitcoin as a serious investment opportunity, it starts to become a patron saint for some.

[Zaguru12]

There are multiple 'rules' I do not agree with, but particularly number 14.  Be for Bitcoin, not against Fiat?  Why?  If Fiat was great, Bitcoin would not need to exist.  Fiat is pretty much what brought Bitcoin in to existence.

I also do not agree with just some of them quotes here or most of the tantrums that Michael Saylor is saying every time just to make himself appear as a backbone behind bitcoin. But specifically that number 14th I disagree with you and agree with Saylor. Fiat issue giving birth to coming of bitcoin doesn’t mean we should hate Fiat. This particular wrong narrative has spread for long that you need to hate fiat before been a full time bitcoin maximalist.

Satoshi himself had said bitcoin is here as an alternative to fiat and not necessarily a full time replacement of it. For someone like who find bitcoin so much interesting I don’t think I need to hate fiat currency to do that, rather I stopped using it because it doesn’t aligns with my use of money but I don’t have to hate it. So yes you can be all for bitcoin without hating fiat.

The only thing that I probably will not follow is the rule #20. There's no way you wouldn't sell at some point. We know Saylor is a BTC maxi but I think even some maxis will sell.

Saylor is simply just trying to encourage long term holding but even I do not agree with Saylor on this, because even if you’re not selling then you are using it as a payment method to pay for this, without any of this you’re definitely not providing good usage to your bitcoin which is actually against the first reason for bitcoin inception which is to be use as a currency.

Come to think of it Microstrategy was reported to have sold some bitcoin back in late 2022 if I am not mistaken.