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Content of article:
- Don’t be overconfident like the hare
- Have a plan and stick to it like the tortoise
- Slow and steady wins the race
- Time in the market always beats timing the market
- Procrastination will make you lose money
- Avoid wasting your time with braggers
- Final Thoughts
I imagine that you have already read at least once in your life the fable of “The Tortoise and the Hare”. If not, you probably missed your childhood. Joking aside, this fable is over 2,500 years old and gives us food for thought on all levels.
If you’re in the world of Bitcoin, you can learn several essential lessons to master the Bitcoin game.
I talk about the game here, because, in reality, it all boils down to a game of accumulation with Bitcoin for years to come. The big question you have to ask yourself is whether you will be able to be among those who will win at this game. A great advantage of Bitcoin is that it allows many people to win.
Under these conditions, it is logical that Bitcoiners never hesitate to share their visions of Bitcoin to help more and more people take advantage of its revolution.
If you remember the fable, the hare boasts of his ability to beat the tortoise without any difficulty in a race. The hare is far too confident facing the slow-moving animal. The tortoise does not pay attention to these provocations of the hare. It has a plan and will stick to this plan. The tortoise will advance slowly but surely. The hare will run at full speed before resting on its advantage due to overconfidence.
Because of his overconfidence, the hare will end up losing to the tortoise. The most discreet and boastful animal is therefore the one that wins in the end. This fable is clearly sobering. In what follows, I propose to go back over 6 essential lessons that you must apply to your journey with Bitcoin.
Don’t be overconfident like the hare
The hare obviously has an intrinsic advantage over the tortoise when it comes to racing. The hare runs faster, while everyone knows that the tortoise is one of the slowest animals in the world.
Aware of its intrinsic advantage, the hare will forget that talent often represents only 10% of success in life. The remaining 90% are things you can control: patience, motivation, and perseverance.
The tortoise does not have the luxury of being as overconfident as the hare. Its intrinsic talent is not ideal for a race against the hare. The tortoise must therefore use the remaining 90% to try to win. It has no choice but to be intelligent.
In addition to the intelligence which it shows, the tortoise is discreet. No need to brag, it is at the finish line that the result of the race will be judged.
In the world of Bitcoin, you have to adopt the same attitude as the tortoise. Stay as discreet as possible. I often repeat that to be a member of the Bitcoin Club, there are certain essential rules you need to know. One of them is rule number one:
You Do Not Reveal What You Own in Bitcoin
Remembering the fable of “The Tortoise and the Hare”, you’ll have no trouble understanding why this rule is essential with Bitcoin.
Have a plan and stick to it like the tortoise
Aware that it can only win thanks to its intelligence, the tortoise defines a precise plan to win against the hare. It will advance slowly but surely, always at the same speed, without ever stopping. This plan seems simplistic, but the tortoise knows that it is his best chance.
The hare starts in a hurry before it can outrun the tortoise by a wide margin.
And then, what was bound to happen, the hare gets exhausted and starts to slacken off. It thinks that it can rest on its lead because the tortoise is too slow. This makes the hare lose the race against the tortoise.
With Bitcoin, you must avoid doing like the hare by wanting to go too fast. Too many people think that Bitcoin is a get-rich-quick scheme that will allow them to get rich quickly. Bitcoin is all about power, not money.
Bitcoin does not allow anyone to get rich fast. With Bitcoin, it is all about patience and trust. Under these conditions, your best chance to take full advantage of Bitcoin is to use your intelligence. Do like the tortoise by defining a plan and sticking to it no matter what.
The best plan with Bitcoin is the DCA (Dollar-Cost Averaging) buying strategy in automatic mode. It consists of 4 steps. All Bitcoiners follow this plan to the letter and it has been profitable more than 99.5% of the time since the creation of Bitcoin. It is up to you to be inspired by it and adopt it.
Slow and steady wins the race
The tortoise beats the hare against all odds thanks to its ability to go the distance. The game of Bitcoin is a marathon, not a sprint. Advance step by step in the world of Bitcoin. Take the time to build a solid foundation when you arrive in this world.
This implies learning to understand the why of Bitcoin, and how Bitcoin works.
Behave like a student who is always looking to learn more about the economy and Bitcoin. This attitude will only strengthen your beliefs about the Bitcoin revolution. The higher your confidence, the more patient you will be in playing the long term with Bitcoin.
You will be de facto on the right path to enjoy Bitcoin to the fullest.
Time in the market always beats timing the market
During the race between them, the hare and the tortoise have very different attitudes. The hare is very irregular. It runs fast, then stops, before running fast again. And so forth. The tortoise shows exemplary consistency.
It always moves at the same speed without ever worrying about things it has no control over.
In the world of Bitcoin, you always have people who think they can beat the market. These are the people who improvise themselves as traders. They don’t have the skills to master the game, but they still go in guided by their greed.
The result is disastrous. In fact, they are facing much better people in the field of trading. They always end up losing a lot of money.
On the other hand, by staying consistent in your approach, just like the tortoise is during its run, you will take full advantage of your greatest natural advantage: your unfailing confidence in Bitcoin. Bitcoin is here to stay.
What’s the point of putting the cart before the horse?
Be patient, and follow the DCA approach. In the end, you’ll end up in the lead just like the turtle.
Procrastination will make you lose money
The key to being among those who are taking full advantage of the Bitcoin revolution is to have total confidence in Bitcoin. This confidence in Bitcoin can only be gained in one way: by constantly deepening your knowledge of Bitcoin and the economy.
In life, it is ignorance that makes you lose money.
The educational system has plunged you into ignorance about the functioning of the current monetary and financial system. The reason is simple: this system is so unfair that a revolution would break out tomorrow if everyone found out. It was Henry Ford who said this decades ago.
By relying on the knowledge acquired in the education system, you will fall into a form of procrastination. You will be in ignorance that will prevent you from seeing the ugly truth.
This is clearly reminiscent of the hare that has a head start after leaving at full speed. Instead of capitalizing and continuing his efforts, it rests on its advantage by being lazy. The tortoise ends up taking advantage of it.
If you procrastinate by refusing to constantly improve your knowledge, you will necessarily miss out on the Bitcoin revolution. And that’s one way or another. Be it by selling your BTC at a loss during a major correction, or by refusing to buy BTC out of blindness.
Avoid wasting your time with braggers
There is something in life that I hate most of all. It’s the braggers who spend their time trying to impress you. With experience, you will understand that these braggers do this because they actually have no confidence in themselves.
By trying to impress you, they are trying to reassure themselves.
The hare acts this way with the tortoise. He wants to show before the race that he is certain to win because of his intrinsic advantage. However, it is the tortoise that wins in the end.
In the Bitcoin world, you will meet people who spend their time bragging about their phenomenal profits. Others will try to lure you to Altcoins by the same process. These boastful people seek to take advantage of you by exploiting the human penchant for greed.
Rather than wasting your time with these people, do as the turtle does. Focus on your plan and follow your course of action. This will lead you to become a Bitcoin HODLer no matter what sooner or later.
Final Thoughts
More than 2,500 years old, the fable of “The Tortoise and the Hare” proves to be very interesting to study nowadays for all those who want to fully enjoy Bitcoin. To master the game of Bitcoin, you will have to act as the tortoise did in front of the hare.
No need to try to impress others. Your Bitcoin adventure is your own. Define your plan, follow it no matter what happens, and be patient. In the end, you will be one of those who will win.
The main difference with the fable is that the game of Bitcoin allows as many winners as there are people who fundamentally believe in the Bitcoin revolution. So this is a great opportunity for you.
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