YOU WILL COME OUT ON TOP IF YOU'RE IN FOR THE LONG TERM

I feel many of you need to read this and also share my thoughts.

BTC is without a doubt in my mind the new "gold standard" for storage of value. It is simply unmatched: It has broken the first and most important hurdle of any currency: accepted as valuable all over the world.

You can carry your own money safely anywhere and hide it in so many ways it's amazing. Even totalitarian governments can't take your BTC if you memorize some words.

Only 21 million will ever be mined. In a high inflation society, BTC is deflationary on the long term.

It is decentralized and independent.

Move value anywhere in the world quickly, cheaply and securely.

BTC will reign supreme as the storage of value (as I believe it already is, but even more so in the future). The over leveraged future contracts and positions on BTC as institutional money got into BTC is what is tying it up to the stock market, but just as big money corpos will scoop up all the discount sale stocks, they will gobble all the BTC they can because some paper hands people couldn't stand to see their BTC down for a couple of months.

You want the price to go up and fewer manipulation from financial institutions? TAKE YOUR BTC OFF EXCHANGES AND INTO COLD STORAGE. They can play with the price as long as it's on exchanges as we might have 10s or 100s of people looking at the "same" BTC (just an IOU from the EX).

If there's less BTC on exchanges and similar services, as a panic buy is triggered, there will not be enough BTC to move out of exchanges and it will trigger a squeeze with traders willing to get whatever BTC they can to pay for their positions.

I wholeheartedly believe BTC will become the best financial move I have made in my life but if you are worried about having the Fiat to pay something in the short term, you will panic and sell, losing your precious BTC.

NO ONE HAS LOST FROM HODLING BTC. Only those that sold at the wrong time. Think of how much a car was worth in 2009 and how much it costs now in USD. Yeah inflation can drive salaries up, but every year the central banks take your savings and value from you in the form of inflation. Now extrapolate that to how many USD was a whole BTC back in 2009.

This will continue. This is my tip for you as a citizen tired of getting my savings taken each year. Can't even imagine countries like Venezuela or Turkey where fiat is useless a month from now.

I have bought and bought, the latest at 45K. My only regret is not being able to buy more right now or waiting a couple of months to buy with the super discount.

Have enough fiat for any expenses you might have in a year so you're not forced to sell at some point. HODL, take your BTC to your own wallet and you'll be thanking me in a couple of years.