21 Rules of ₿itcoin - Michael Saylor

[JoyMarsha]

Rule #2, a sad reality we see every time from those who don't understands the concept of Bitcoin are the ones criticizing Bitcoin. They think by criticizing it will stop its shine, and they are happy when Bitcoin price declines badly, thinking that's the end of it for future gains of investors who are investing in a bubble that can't be touch or seen

[Sunshine1525]

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.

Fait might be less valuable but not totally useless moreover people still use it for daily transactions for business and in market places since Bitcoin is not globally used for that currently, remember that Satoshi didn't creat Bitcoin to rival fiat used as an Alternative meaning that people could either use fiat or Bitcoin.

Well Bitcoin has become more valuable to the extent that it's currently a better store of value than Fiat and also has better features that makes it more interesting but the fact that fiat is still very useful for day to day trading makes it still important. With that being said, I think Saylor made a good point.

[PrivacyG]

As things stand, it seems that more people believe that the businessman will never sell his BTC, and they are afraid that Satoshi, who has never shown any interest in the financial aspect of his creation, will do so? Honestly, it seems to me that Saylor is still relatively unknown globally as someone who has over 700k BTC, I have never heard anyone mention him in my local media, although they often mention Bitcoin.

He still is pretty unknown.  I wonder what happens when this becomes a known fact, will people get as scared about his Wallet as they are about the one Satoshi owns or will they cheer him up?  One man is sitting on a stash that gets closer to 5 percent of the TOTAL Supply and people are happy about it.  I do not get it and I probably, hopefully never will.

[batang_bitcoin]

#6
I think that he shouldn't say that Bitcoin is like a casino. Although it's like a gamble as they say due to its risk and volatile nature. But it's totally different from how the casino works. Because they'll let you enjoy it and then in the end you'd lose. He's also guaranteeing people by saying that everyone can win which is not true. He has to be specific the holders are the ones who are going to win in the end.

[m2017]

Points 1 and 2 - indeed, I don't think there's a neutral opinion about bitcoin. Some like bitcoin, others hate it.

Point 7 sounds a bit contradictory, because you can't actually own bitcoin. 1tly, it's something intangible, and 2dly, BTC-network uses the "right" to own bitcoin, not actual ownership.

Point 8 - there's even something philosophical about this point.

Point 9 contradicts point 6.

Point 14 - of course, because fiat is a 100% confidential "coin," while bitcoin isn't. Be smart and take advantage of the opportunities offered by both systems.

Point 17 undoubtedly has a magical effect on everyone. Because, as the OP said, bitcoin allowed us to peer into the world of investing and rethink my values ​​(even literally).

Point 20 again contradicts point 6. But then, how can you win on bitcoin if don't sell?

Even though Michael Saylor's words are correct in some respects, we shouldn't idolize him as an BTC-guru. He's just like us, and he knows no more than us.

[X-ray]

#2 is Saylor speaking from his own experience. He was a bitcoin hater. Right in December 2013 he tweeted that bitcoin days are numbered. Now he's very bullish about it and putting the money where his mouth is.

If there is a man in this world that I'd trust saying #2, it's Michael Saylor.

I also always have an idea that people who overly criticize bitcoin don't really learn about bitcoin too much because most of their critics are just insult and not an actual critics.

[Ishicryptic]

If there are people in Bitcoin investment that you should listen to i know that one of them is definitely Michael Saylor, because as somebody said he puts his mouth where his money is so he is worth listening to. I very much agree with his 21 rules of Bitcoin but I have an exception with rule number 9 where he said that we should buy Bitcoin with amount that we can't afford to loose. It goes against what most of us agree in this forum that we should buy Bitcoin with amount that we can afford to loose but I guess he's a bigger believer than most of us who only accumulate from our discretionary funds. What you cannot afford to loose are expenses from your basic needs and I think that is where Saylor, classifies his Bitcoin investment.

[Wind_FURY]

Rule #2, a sad reality we see every time from those who don't understands the concept of Bitcoin are the ones criticizing Bitcoin. They think by criticizing it will stop its shine, and they are happy when Bitcoin price declines badly, thinking that's the end of it for future gains of investors who are investing in a bubble that can't be touch or seen

Plus another mere observation that we see is, those people who don't truly understand the basic technicals, and as an effect the nature of Bitcoin, are those people who PANIC SELL first when the large DIPs happen.

They don't see the breakthrough of solving the Byzantine Generals Problem, nor do they see the how ground-breaking that is for the future of decentralized consensus.

[Lucius]

As things stand, it seems that more people believe that the businessman will never sell his BTC, and they are afraid that Satoshi, who has never shown any interest in the financial aspect of his creation, will do so? Honestly, it seems to me that Saylor is still relatively unknown globally as someone who has over 700k BTC, I have never heard anyone mention him in my local media, although they often mention Bitcoin.

He still is pretty unknown.  I wonder what happens when this becomes a known fact, will people get as scared about his Wallet as they are about the one Satoshi owns or will they cheer him up?  One man is sitting on a stash that gets closer to 5 percent of the TOTAL Supply and people are happy about it.  I do not get it and I probably, hopefully never will.

I can offer you my opinion on why most people don't see a problem with it for now - the point is that it doesn't matter who buys it or how much, as long as it's good for the price. Just look at how much enthusiasm some members of this forum express in topics where it is announced that a country intends to invest in Bitcoin, because most live in the belief that Bitcoin will not succeed (whatever that means) if it is not acknowledged/recognized by countries/central banks.

[MusaMohamed]

I can offer you my opinion on why most people don't see a problem with it for now - the point is that it doesn't matter who buys it or how much, as long as it's good for the price. Just look at how much enthusiasm some members of this forum express in topics where it is announced that a country intends to invest in Bitcoin, because most live in the belief that Bitcoin will not succeed (whatever that means) if it is not acknowledged/recognized by countries/central banks.

They must realize a fact about Bitcoin success which began a long time ago before the participation of Bitcoin Futures (CME, CBOE), governments, legal tender in El Salvador, Bitcoin Spot ETFs with institutional investors and latest national Bitcoin treasuries. When they realize it, they will feel  no longer too FOMO with news about any institutional investment in Bitcoin, the same with governmental treasuries.

Bitcoin has been succeeded over many years and its success only becomes bigger with time as there has been like a Snowball since years ago and now the effects simply get bigger and bigger with time.

[PrivacyG]

I can offer you my opinion on why most people don't see a problem with it for now - the point is that it doesn't matter who buys it or how much, as long as it's good for the price. Just look at how much enthusiasm some members of this forum express in topics where it is announced that a country intends to invest in Bitcoin, because most live in the belief that Bitcoin will not succeed (whatever that means) if it is not acknowledged/recognized by countries/central banks.

It was always about the Price and no other thing.  I did not see the same level of enthusiasm even when Lightning became a thing.  But I bet the same people who cheer for Saylor would be gone in a second or two after he eventually sells and they have no other reason to believe Bitcoin will go to 'the Moon'.

Delusional, this is what they are.  I can not explain other wise how they can imagine a person or even a multi billion Dollar business can purchase an Asset constantly for ever with out ever even contemplating a sale.  If there is one thing I know about most Billionaires, it is that if they had a lot of Bitcoin and it made their Wealth spike up later, they would not give a single shit about 'protecting' their cheerleaders and would sell with out any hesitation.

But after all.  This is probably why they are Rich anyway.

[Eclipse01]

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.

I love #14 rule, that's to me a solid position to be in, cause whether we want to or not, fiat is still a dominant factor when it comes to finances, so saying "not against fiat" is so reasonable and very much on point, IMHO.
Being for Bitcoin is the bulk of it all, but at the same time not against fiat, that is accepting both simultaneously seeing as you just can't do without fiat in the society. Even though we can get Bitcoin through different means, the most viable is buying it directly, and we need fiat to do that, so being against fiat is really unreasonable, to me rule #14 a very solid rule.