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Stop Trying To Predict The Price Of Bitcoin

GM Bitcoiners,

Not so long ago, Bitcoiners were getting excited for a 100k party on Michael Saylor’s yacht. 

It seemed so close, and Bitcoin even reached an all-time high… but it wasn’t to be.

If you stretch out the time frame, the rise of Bitcoin seems obvious to most of us…

It’s a one-time invention of a decentralised monetary network that’s controlled by rules without rulers. 

Finite supply.

Peer-to-peer transactions.

A verifiable network that requires no trust between users. 

If someone can’t see the value in what this offers, there’s probably no point engaging. 

The writing is on the wall. We just don’t know the ‘when’

Sure, you can make better-educated guesses about what’s happening in the market with a bunch of charts, but you don’t know when it’s going to play out, if at all. 

The recent collapse of various crypto exchanges/funds is not entirely unexpected and was even predicted, but no one could guess the timeframe in which it would play out. 

Nobody knows. 

“I’m sure that in 20 years there will either be very large transaction volume or no volume.” –  Satoshi Nakamoto

So stop kicking yourself when you miss the dip or buy the top… just stick to your plan and focus on the signal.

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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