THE ONE BITCOIN DANGER NO ONE IS TALKING ABOUT

[BlackHatCoiner]

Everyone in here loves debunking the myths.

The myth that it's a Ponzi.

The myth that governments will ban it.

The myth that quantum computers will break it.

The myth that a new coin will flip it.

You know bloody well how to debunk those.

None of that is what gets you.

What gets you is the chair.

The comfortable one you sink into the moment you believe the number goes up without you.

You bought Bitcoin because it's the hardest asset ever made.

Fixed.

Scarce.

That is the truth.

But inside that truth, there is a cunning lie hiding.

The lie is that "the asset does the work, so I don't have to."

That's the true danger of Bitcoin.

Not that Bitcoin fails.

That Bitcoin succeeds and you don't.

Understand what HODLing is.

It's a decision you take once. Then it asks nothing of you ever again.

And a thing that asks nothing of you, while you keep writing and thinking about it, slowly turns you into someone who does nothing.

You start treating laziness as "conviction."

The stack going up is not the same as you going up.

Your and your wallet are two separate entities.

You think the future price is going to give you a different life.

It won't.

It's going to give you a bigger version of exactly who you were while you waited.

A 1 BTC = $1 million exchange rate won't fix a man. It will only amplify him.

So ask yourself this question:

What are you building now that we're -50%?

Who is behind that wallet?

The whole point of hard money was that it would free your energy for doing the work that matters.

Not become the reason you never do it.

HODL the Bitcoin.

But do not HODL your life.

[Somegory]

There is no point doing nothing with your life just because you are holding Bitcoin,that's a stupid life plan if anyone is doing this they should think again, to even hold Bitcoin successful into the future you need to survive.

Maybe it's just my own country thing, it doesn't take anything to show on you that you are going through a lot lol, to eat daily food here is like taking a spoon off a lions mouth.

Daily income, passive income, investment, these are necessary in my life, I don't just hold and sit back, I do other things too, side business, Bitcoin mining, trading.

Bitcoin holding is for the future.
Not today.

Today I got to eat, I have bills to settle, mouth to feed, holding Bitcoin won't do these for me.

[PostQuantumBTC]

Since I have been reading your bitcoin poem, this is the best that I have read.  Bitcoin is a ponzi are said by people that do not like bitcoin but from the definition of ponzi, it is very distinct that bitcoin is not a ponzi. It is now very distinct that bitcoin is an asset, there is no doubt about it at all but still bitcoin can still grow 10x.

[Livingleged]

Nice piece  actually, I reasoned through all the points you’ve put out and i honestly agree that it’s worth doing something else with our life’s as it’s not just not bitcoin we should be doing with your life most especially at the youthful age where we can actually venture into real estate and other profitable business across the globe.
Yes bitcoin investment gives this sense of relaxation that the future is secured, but I think we could actually make other options to add to it. We obviously have a life to live even before the maturity of our holding, and if we don’t have other investments we might be a whale in the bitcoin industry but won’t be living that comfortable life as we should. the holder never want to touch their portfolio in the mean time but later in the future that’s not even guaranteed.

[Taskford]

No doubt that Bitcoin is really a great asset, but people need to know that this should not be the main thing as replacement for their personal growth.

Yeah they can HODL to protect their future purchasing powers, but this actions does not actually build their discipline and create lots of opportunity that can change their lives. Th real risk is not to see Bitcoin is falling. But those over expectation about they can easily improve their lives by buying Bitcoin.

Yeah buying this coin is no doubt a really good decision, but people need also to learn on handle their investment so they can improve their knowledge. Those bear market situations is real test since this can measure on how strong the financial capabilities of people also their beliefs that Bitcoin will eventually bounce back.

They can HODL this, but make sure that you don't put everything on Bitcoin because somehow this is risky decision to do.

[Catenaccio]

Everyone in here loves debunking the myths.

The myth that it's a Ponzi.

The myth that governments will ban it.

The myth that quantum computers will break it.

The myth that a new coin will flip it.

You know bloody well how to debunk those.

Bitcoin is not a Ponzi.
Governments will not be able to ban Bitcoin forever and many governments already accept Bitcoin.
Quantum computers might break Bitcoin private keys but when the world reaches to that point, there are more things to be worried, not only Bitcoin, because many weaker things will be broken, brute forced by quantum computers before Bitcoin.

New coin will flip it, no, there will be no such coins.
How Many Bitcoin Forks Are There? You will be surprised!!!
Many "new coins" have failed and died.

[tygeade]

Very well put, but I don't understand, do people actually stop doing anything after making investments in Bitcoin? I don't personally think that's the case, unless we are talking about using Bitcoin in general other than just holding it, because if that's the case, then I can agree that most people who are only into investments actually do nothing other than just buying whenever they can and storing their assets either in wallets or in exchanges and then just keep adding into them and wait until the time comes when they can finally sell their coins and take profit and then wait for the next buying opportunity.

Most people are actually into Bitcoin and cryptocurrencies only for this reason; they don't care about the use cases or anything like that. When it comes to life in general, it's important for everyone to make sure that they don't stop at one point only because they have made some investment in Bitcoin and are now expecting to get good returns after a few years and that is making them do nothing because they believe they don't need to do anything.

It doesn't make any sense, because even if you can get good profits from your investments in Bitcoin, that shouldn't be the only purpose of your life, you should keep progressing, keep doing what you do or like to do, and keep the investments and those things aside because that can't be the only thing you are waiting for and looking to achieve in life.

[Dex_master25]

I have really never seen anyone who made an investment in not just only Bitcoin, and then went off laying around in the hopes that the investment would make them rich in the future but they have to delay their immediate pursuit of their goals and aspirations until when their investment matures.
The time frame it takes for an investment to mature is quite long and so much can be achieved within the duration like chasing your goals and finding fulfillment in work and passion.
Bitcoin investment alone isn't a guarantee to grow wealth, it is more like an enabling factor and a lazy man today who is waiting for the future to mature may due before that time and that's a lesson in why it's important to live life now to the fullest while still young and vibrant and enjoy the returns on investment when the body gets weak and need more rest and sustainance.

[Zoomic]

Bitcoin wasn't created to limit man from making the best out himself nor is it a substitute for personal growth.

HODLing Bitcoin is supposed to give us the peace to even strive more in other meaningful endeavors and not to be used as an excuse to reduce our productivity.

If all our life purposes and success is tied to when the value of our holdings have doubled, tripled, quadrupled or multiplied by any amount, then we've probably missed the bigger part of the lesson.

Your poems has way of making someone conduct a personal audit of their life. Great piece.

[Son Of Blockchain (SOB)]

 One thing I learnt is that Bitcoin investment requires consistent accumulation as well as long-term holding so it someone just buys Bitcoin then become lazy to do other stuffs cause he believe the Bitcoin he bought is working for him, how would be generate discretionary incomes to sustain consistent accumulation? How would he handle his essentials or is the person hoping on the long-term investment thats not due for withdrawals to settle that?
 That's why anyone would be dumb to think that they can relax and do nothing while Bitcoin works for them, yes the money put into it adds value as time goes but that's not what's used for settling essentials.

[EL MOHA]

I have really never seen anyone who made an investment in not just only Bitcoin, and then went off laying around in the hopes that the investment would make them rich in the future but they have to delay their immediate pursuit of their goals and aspirations until when their investment matures.

Bitcoin investment alone isn't a guarantee to grow wealth, it is more like an enabling factor and a lazy man today who is waiting for the future to mature may due before that time and that's a lesson in why it's important to live life now to the fullest while still young and vibrant and enjoy the returns on investment when the body gets weak and need more rest and sustainance.

Sadly they are people who actually treat bitcoin as a source of getting rich and that has been one of the major reasons why we have investors in bitcoin doing it wrong and getting into many losses.

Bitcoin investment is just like other investment it doesn’t limit anyone from actually investing in other things or even setting up businesses to run. Personally bitcoin is even a better option for savings which yields profits and does gives you freedom to do other things. It’s even the easiest form of savings as civil servant or business owner it doesn’t have take anything from someone’s daily life activities except as a trader

[rat03gopoh]

There's not much I can say; Bitcoin is dangerous for those who oppose it from the start. I'll just stick with Satoshi's famous quote: "If you don't believe it or don't get it, I don't have the time to try to convince you, sorry.". This would save me centuries of time.

[lovesmayfamilis]

I also don't understand the rules of life of those people (if we talk about those) who sit and wait for their "investments" to rise. Maybe those who invest millions? But on the other hand, to invest, you need to get this money from somewhere. How can you be a successful investor if you don't replenish your investments? Because we know the market is very capricious, and relying solely on growth would be a big mistake. At the same time, self-development in itself implies some kind of bonuses that can be used in the future to develop yourself, your business, and, of course, your idea of owning a beautiful amount of bitcoins.

[Satofan44]

Daily income, passive income, investment, these are necessary in my life, I don't just hold and sit back, I do other things too, side business, Bitcoin mining, trading.

Did you use AI to write this? You most definitely do not do any of these activities, therefore this post is fraudulent.

Today I got to eat, I have bills to settle, mouth to feed, holding Bitcoin won't do these for me.

Of course it will if you know what you are doing, not having the basic financial literacy and capabilities to expand a scenario properly and understand it in the way that is intended usually leads to pointless and dismissive replies.

Quantum computers might break Bitcoin private keys but when the world reaches to that point, there are more things to be worried, not only Bitcoin, because many weaker things will be broken, brute forced by quantum computers before Bitcoin.

False, stop posting misinformation about quantum computers. They will neither "break Bitcoin" nor "break private keys", not do "other weaker things" matter in the context of Bitcoin's security.

I also don't understand the rules of life of those people (if we talk about those) who sit and wait for their "investments" to rise. Maybe those who invest millions? But on the other hand, to invest, you need to get this money from somewhere. How can you be a successful investor if you don't replenish your investments? Because we know the market is very capricious, and relying solely on growth would be a big mistake. At the same time, self-development in itself implies some kind of bonuses that can be used in the future to develop yourself, your business, and, of course, your idea of owning a beautiful amount of bitcoins.

I think you are missing the context in which it is written. Who has outperformed every other participants in Bitcoin by a long margin using data that we have? People who held, meaning that they sat and waited. There are people who sat though Bitcoin returns of more than 1000x and they did not do anything about it. When we say sit and wait, that does not mean that you are not doing anything else in your life -- it means that you are not doing anything with the investment. You are not speculating, you are not wasting it to finance a stupid purchase like an expensive new phone that you don't need and other stuff like that. There is an endless list of wrong behaviors, but there is always the golden one with investments -- sit and wait. Most traders lost money, most sellers regretted or deluded themselves with copium that is fine -- because after all, who wouldn't like to pretend that selling Bitcoin for some drugs decades ago or a phone wasn't the better decision compared to becoming a multimillionaire today?   It takes a very brave person who is not controlled by their own ego to admit that such a past decision was stupid, that they made a huge mistake and that they should have not given in to useless desires. When you have an asset where the risk/reward ratio is as favorable as Bitcoin's, putting aside all of the benefits that it provides (sovereignty et. al.), it is foolish to do almost anything other than sit and wait (and compatible behaviors such as spend and replenish).

With Bitcoin, you have it, you keep it -- you finance and live your life with other income.

[taufik123]

I also don't understand the rules of life of those people (if we talk about those) who sit and wait for their "investments" to rise. Maybe those who invest millions? But on the other hand, to invest, you need to get this money from somewhere. How can you be a successful investor if you don't replenish your investments? Because we know the market is very capricious, and relying solely on growth would be a big mistake. At the same time, self-development in itself implies some kind of bonuses that can be used in the future to develop yourself, your business, and, of course, your idea of owning a beautiful amount of bitcoins.

Self-development is the main capital to find more places where money is made and then used for long-term investment.
Ordinary people who just want to have a lot of money in crypto, they just hope on crypto without caring what they have to do to successfully buy more crypto.

Relying on growth is just an illusion that is not realized when price fluctuations continue to occur and they continue to expect prices to rise, even though a deeper decline can happen so quickly.
If it can be classified, poor self-development is one of the dangers that can result in all aspects, including the investments that are being made.

[Antidote47k]

~snip

Good post! This is more like a reality check! Bitcoins success is not your individual success, while bitcoin can preserve the value you create, it cannot create purpose, skills and discipline for you. The person behind the wallet matters, I think Andrew Tate said this but it’s often attributed to Socrates “It is a shame for a man to grow old without seeing the beauty and strength of which his body is capable.”

A man’s greatest failure is not losing wealth, but failing to realize the potential he was given. Bitcoin can preserve the value you create, but it cannot create the person who holds it.