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#GM23 – 3 Things to Do When Bitcoin Dips

GM Bitcoiners,

Hardcore Bitcoiners are affected by price changes like MW2 veterans are offended by insults.

They aren’t.

If you know, you know, but if you don’t, Google Modern Warfare 2 lobby examples… although it might be better to just imagine all the worst stuff people can say, and it’s being said by a bunch of 15-year-olds. 

The point is, that our environments mould us, and Bitcoiners are evolving to become increasingly anti-fragile in a world under the thumb of fragile money.

The longer you spend in the world of Bitcoin, the less interested you become in the short-term price fluctuations because it’s really one of the least interesting aspects of this revolutionary tech. But, we can’t ignore that NGU is a big driver of adoption, and even if you aren’t new to Bitcoin, it’s not fun watching the price plummet. 

Friends, family and acquaintances who would have done anything to stop you from talking about Bitcoin will suddenly go out of their way to bring up the price.

“r u ok? Bitcoin is down lol”

Peter Schiff and the like will post more than a crypto influencer in panic mode:

Even if this isn’t your first rodeo, it can be difficult, especially if you’re a lone Bitcoiner in the ‘meatspace’.

Here are 3 things to do when Bitcoin dips:

  1. Evaluate

Has Bitcoin changed? 

Has its value proposition changed? 

Or is the market just reacting to new events? 

     2. Educate 

Use this time to expand your Bitcoin knowledge. 

Go back and look at the fundamentals. 

Here are 10 Bitcoin books you might want to explore.

     3. Take a break

Bitcoin enables many of us to live a more fulfilled life and better utilise our finite time, so why not take a break?

Go outside and enjoy one of your other hobbies. 

Stay away from screens and anything that will leave you fermenting over the price.



Is Bitcoin dead?

Once you have conviction in the network that’s based on verificationNOT trust or blind beliefyou might want to set up a Bitcoin savings plan that automatically stacks sound money while you focus on the other important things (like memes) – we make that easy at FastBitcoins

Written by Henry

Content Manager at FastBitcoins. Came to Bitcoin for the sound money... stayed for the memes! When not on Bitcoin Twitter, Henry can be found dancing Argentine Tango or in the gym.

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