Time for a shout-out to all my fellow HODLers. Hello Brethren, and welcome to those just getting into the Bitcoin economy.
For the newbs, I realize and understand the sheer terror of $1K intraday drops, and long periods of Bitcoin price deflation. Been there, done that - I get it. After owning it awhile, you won't think about how much of a loss you've taken on your wealth, but rather....what caused the drop?
Bitcoin is actually wealth, plus it is easily transferable. You can't do that with Gold or Silver. You can also cross borders that enforce currency restrictions. You can also transact world-wide with a computer or a smart phone. No need about the Internet, Blockstream offers satellite services. Get a solar charger and a satellite phone, and you're ready to play.
The longer you HODL it, the more immune you'll become to the price volatility. Don't let a few of the resident trolls on here shake your confidence.
The trolls post because they are bitter because they "think" they missed out on Bitcoin, but the reality is that the growing acceptance of Bitcoin, the effects of the halvening, and scarcity, and supply & demand is going to push the price higher (USD/BTC).
Grey Scale and Square One are currently buying over 66% of all newly minted Bitcoins. They sell to institutions (smart people & smart money), and they are not in the retail market. Ponder that for a moment.
Bitcoin is the currency of the Intranet, and it is here to stay. It's still growing after 10 years, and has survived 380 "death calls" from academics and economists, the media, world leaders, and banksters (welcome aboard Jamie!).
For those of you who think you've missed out, I'd like you to consider DCA $20 per week. You can always contribute more, but I doubt $20 per week isn't going to crimp your lifestyle. If you buy and HODL it now, you'll probably be pleased in 10 years, and 10 years isn't a very long time.
I recommend gold and silver, although those products are a very "blunt" ax. Roosevelt dimes and Washington quarters should be very acceptable trade units, because of their size. ASE, Englehard, Maple Leaves, JM,and Morgan and Peace dollars might be OK for larger transactions, but Bitcoin will be much easier to use at the grocery store.
Go to your local bodega for a gallon of milk. The merchant isn't going to make change for your ASE, he will tell you to "buy-up" to the value of the coin.
HODL ON my Brethren. Newbs and wanna-bees....get on the bus, what are you waiting for?: stepping off the soap box :