That's it! After months of research, you have finally concluded that you need to take action to take care of your future regarding money. Your research has led you to Bitcoin.
You studied its 3,219 words whitepaper, which is a great thing that too few people bother to do. You've also deepened your knowledge of economics, which has confirmed your intuition that the current monetary and financial system is flawed, and not fixable.
Taking action by buying Bitcoin is the last thing you need to do to make this step you started months ago a reality. Yet you're having trouble taking action. You were convinced, but maybe not as convinced as you thought you would be because when it comes to spending your hard-earned fiat money, you're having trouble.
You understand that bitcoin is the cure, but you have doubts when it's time to take action
Doubt takes hold of your mind: what if I'm making a mistake by buying now? Wouldn't it be smarter to wait for the price of Bitcoin to fall further?
While you had acquired real convictions, you are being overwhelmed by a short-term mindset. Your days consist of watching the price of Bitcoin over and over again. When the price drops slightly, you want it to drop even more so you can take action.
And then, the price of Bitcoin doesn't fall as much as you had hoped. A rebound occurs and the price of Bitcoin begins to rise again. You are missing an opportunity. You know it, you feel it.
However, you are psychologically stuck, because you tell yourself that if you buy after this rise, you may regret it during the next correction. Since Bitcoin is a free market, this is very likely to happen
To solve your problem, you're going to have to learn to believe in yourself so you can take action and change your life. A good idea without action is worthless. It's what you do with your good idea that counts.
Wanting to embrace the Bitcoin revolution is a great idea, but without taking action, it's worthless.
The key is to take a long-term view of the Bitcoin revolution
The best way to build confidence is to go back to what got you into Bitcoin in the first place. The unfairness of the current system and its flaws led you to seek a more respectful alternative for the fruits of your labor. Bitcoin is your way out of the system of widespread impoverishment instituted by Richard Nixon in 1971
Keeping this in mind will help you understand that you must see Bitcoin as a solution with long-term goals. Bitcoin is an incredible monetary revolution that will logically take time. If you want to take advantage of this revolution, you will need to learn to be patient.
The confidence you develop in Bitcoin will help you to be patient. If you are truly patient, you will be rewarded sooner or later, because Bitcoin always rewards patience. It has always worked that way and will continue to work that way in the future.
When it comes time to take action by buying Bitcoin, you need to stop watching its price change minute by minute. Buy Bitcoin and become a Bitcoin HODLer no matter what ready to hold your positions for 5, 10, 15 years...
Don't be afraid of Bitcoin's volatility, as it only affects those with a short-term view. In the long term, the price of Bitcoin keeps rising. This is why Bitcoin is referred to as a NgU (Numbers Go Up) technology
Final Thoughts
The whole secret is to stick to the why of Bitcoin. If you do, you will see that its success is simply inevitable. What Bitcoin promotes is what more and more people will need in the years to come. To take advantage of it, you will simply have to change your paradigm by adopting a low-time preference.
That's the challenge you'll have to meet to take full advantage of Bitcoin in the future.
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