Bitcoin is a non-sovereign, hard-capped supply, global, immutable, decentralized, digital store of value. It is an insurance policy against monetary and fiscal policy irresponsibility from central banks and governments.
Bitcoin is immutable (digital version of something that moves forward and cannot go back), and applies time in a digital sense and anchors it to energy (proof of work) which is the only thing in life we cannot forge, duplicate, or replicate.
Bitcoin is undeniably a monetary policy and social network based upon peers who value savings and not debt. Its value proposition is based upon its scarcity. It’s a savings system of first resort and a payment system of last resort.
Bitcoin is the first pristine collateral asset without counter-party risk.
It is the first truly private property one can own.
It is an impenetrable moat of encrypted energy to defensively protect your hard-earned buying power from thieves. It does not attack - it defends what you have already given: your energy and time.
Bitcoin is the only "crypto asset". There is no second best. All others are centralized affinity scams designed to steal your Bitcoin
Bitcoin is deflationary money. You get more with your purchasing power over time. Fiat currencies are all inflationary and thus you get less with this money over time.
Bitcoin is so scarce that not even every millionaire can own their own Bitcoin: (47 millionaires in the world but only 21 million Bitcoin). In addition, many millionaires have already purchased more than an entire Bitcoin and have no intention to sell at any time.
Bitcoin is not volatile! 1 Bitcoin is divisible into 100,000,000 satoshis, and thus 1 bitcoin will always equal 1 bitcoin.
When you buy fractions of Bitcoin everyday, week, or month, you channel Bitcoins fiat price volatility to your advantage. In the long run this strategy will outperform every other strategy and you will obtain the maximum number of Bitcoin.
Buying a fixed dollar amount of sats /Bitcoin both on a regular schedule and within ones budget, regardless of the share price or market direction or Dollar Cost Averaging is the best way to accumulate Bitcoin for the lowest possible fiat price.
In the early days of Bitcoin, this would have been very difficult if not impossible, but fortunately this strategy is easy thanks to a variety of worldwide exchanges:
Why Buy Bitcoin : Investing Today in the Money of Tomorrow
The Price of Tomorrow
The Book of Satoshi
The Bitcoin Standard
The Sovereign Individual
-Davidson and William Rees-mogg
The Blocksize war
Thank God for Bitcoin
No contents of this post may be relied upon as tax, legal, or financial advice, as they are solely educational in nature and have not been tailored to you or been reviewed by an attorney, financial advisor, or tax professional. For any questions related to your own specific situation, please consult with your own attorney, tax professional, and/or licensed financial advisor
Bitcoin Dollar Cost Averaging
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