Question Checklist Before You Buy Bitcoin

You May / Actually Highly Recommended

The Risk of Rushing into Bitcoin

The risk is from yourself. If you are not mentally strong enough, you will not able to handle the volatile market. Tomorrow, it may rise by a thousand dollars but the next day may drop by two thousand dollars. You will become like the FOMO losers who buy when the price is high and sell when the price is low especially if you are here to get rich quick. When people asks you why you buy bitcoin and you only answer “to get rich” they will eat you alive.

Question Checklist Before Buying More Bitcoin

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In 2 days the bitcoin price crashed from around $9000 to $5000. Have you learned your lesson? This is a question directed not to professional traders, supporter, or technologist, but to you who are only here to get rich quick. Therefore, here are some questions I recommended you to answer before diving into the market again especially for you who haven’t dive into the market but considering.

1. Do you know how the current global monetary system is created and how it works?

Hidden Secret of Money
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Credit@ hubpages.com/hub/US-Dollar-Purchasing-Power

2. Have you studied some previous monetary crisis’?

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https://www.businessinsider.com/how-currency-debasement-contributed-to-fall-of-rome-2016-2?IR=T&r=US
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Thomas Nast (1840–1902) https://commons.wikimedia.org/wiki/File:Grant_Inflation_Bill_Veto.jpg
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Tyler Durden https://www.zerohedge.com/markets/we-have-never-seen-last-time-market-did-fdr-confiscated-all-gold
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http://www.petertasker.asia/articles/finance/i-m-fired-how-the-asian-financial-crisis-helped-asia-and-hurt-the-west/
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https://www.flickr.com/photos/gdsdigital/4443630014
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https://www.flickr.com/photos/pingnews/2935021856
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https://www.youtube.com/watch?v=ZI_j6_Npnfw

3. Do you know why bitcoin was created?

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https://bitcointalk.org/index.php?topic=52706
Internet of Money

4. Do you know what bitcoin is and how it works?

At least watch a short video how bitcoin works.

Short Technical How Bitcoin Works

5. Do you know the benefit of bitcoin?

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https://commons.wikimedia.org/wiki/File:Blockchain_Illustration_2.jpg
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https://file.army/i/BYRqNYj
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https://lbry.tv/@0fajarpurnama0:e/recruiting-future-backup-cryptocurrency:f

6. Do you know the challenges of bitcoin?

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https://www.investopedia.com/news/no-everyone-not-getting-rich-bitcoin
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https://file.army/i/BYRUCMZ
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https://file.army/i/BYRUA43

Until you understand them, you should not buy more bitcoin because not only you are leaving yourself vulnerable, your future actions will burden the entire cryptocurrency community and those who really needs cryptocurrency like the unbanks, the discriminated, etc. The best approach is to educate yourself first.

this blog contains all my articles licensed under creative commons attribution customized sharealike (cc-by-sa) where you can sell but mention the open one here

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