LynAlden on nostr

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@LynAlden 1698123691

People tend to ignore bear markets and then buy high-volume tops. It is sad but that is what happens.

I’m going to emphasize “study bitcoin” to people this cycle. Not tell them to buy it. Not tell them to have fun staying poor. Just point out that it’s still here, yes it’s important, and yes you should take the time to understand it.

5573❤️131🤙165❤️7💜6🚀6🧡5

Exactly this 👆

mattaroo · 126w

Absolutely great idea.

Danny 👾 · 126w

A wise approach in a world where FOMO often trumps rationale. Understanding before investing should be the mantra, not jumping in headfirst.

Change this if you want · 126w

Stay humble, stack sats ⚡️

One thing I found works well is to mention a real world case that's not about price speculation, but it still plays on people's greed. "Oh, Bitcoin is the cheapest way to send money abroad, I'm saving 2% compared to transferwise and it's from bank account in one currency to another bank account in ...

It’s the right approach! Then buying some is a way to study it and is needed i think : learning how to self custody, using lightning etc

Satoshi Samourai · 126w

thorium · 126w

₿harat · 126w

Very good point Lyn.

Short Fiat · 126w

Yes, the time that we invest in learning about bitcoin is probably one of the greatest investments we will ever make.

Robertrobert · 126w

Yes but faith precedes understanding. DCA alongside. Smash buy as conviction, knowledge goes up. My two Sats.

pseudo~u *likes nostr already* · 126w

I tell people to "learn bitcoin", because some day they will need it

Imho this cycle isn't about getting rich anymore anyway. For one halve of the world (the monetary poor) it's about keeping their value and having a substitute to their hyper devaluation. For the other halve of the world (the spiritual and cultural poor) it is about their freedome and the last resort...

Privileged to have you on our side Lyn 👍

Matthew D · 126w

That's just market psychology Lyn. RD Wyckoff pointed this same thing out over 100 years ago when he developed the idea of the composite operator. The composite operator is a large trader who attracts the public to buy a stock in which they have already accumulated a sizeable line of shares. The CO...

Marec1971 · 126w

I will do exactly the same, as I’ve been doing the last 2 years btw. Study Study Study

IntuitiveGuy☯️ · 126w

I say them first to study and understand FIAT money, than #bitcoin. I want them to grasp the root problem, then they can maybe easily understand bitcoin and have their "Aha" moment, basically when they see the rabbit hole and starts to be interested in jumping in and digging more.. 🍀

getbackmybtc · 126w

Sadly, it will be unrealized…cuz as you know, there is always one-zoom theory throughout any times and any places…

Yes it's very true to get bitcoin education and "study bitcoin " you will know when to buy

WhyBitcoinOnly.com · 126w

Lyn, have you had the chance to check out WhyBitcoinOnly.com ? I think it'd be a tremendous resource in your orange-pilling endeavours, as it sectionalizes educational resources down to each specific mental obstacle pre-coiners tend to have. You make several appearances across the website as well ...

average_bitcoiner · 126w

Here ya go Lynn. Used a cheap LED scroller app to make this and sometimes have it on my phone while riding shotgun with wifey. https://video.nostr.build/069acf92eadc5f4e621ad943d0e9c3ff84f6c4d7570d7f7fe7b88442a983b183.mov

SpiralCrunch · 126w

I started buying at the last top and I couldn't wait for the bear market to come so that I could stack cheap sats! I feel lucky to have grasped as many of the base concepts as quickly as I did! DCA for life!

Study Bitcoin. DCA. Try spending some Sats with Bitcoin merchants/companies.

nostrich · 126w

I couldn't agree with you more. https://image.nostr.build/fed408139d24fa8520762c6712a61d7f9a5c52ccd7ede20bea22ce848f84f6e4.jpg

This is the way..

Also show how LN works, I saw some light bulbs instantly!

🤝 nostr:nevent1qqsthldvm5e8ewqhn3wmltlhma77kzlqg3x49lj4rcfqg63psuhwmgcpzpmhxue69uhkummnw3ezuamfdejsygrwg6zz9hahfftnsup23q3mnv5pdz46hpj4l2ktdpfu6rhpthhwjvpsgqqqqqqslyew07

MattMC_745 · 126w

nostr:npub1avmz5jk4c409lupvak5ra244m06w30s840kz2c2mkt37h0lhh4sskqmfgw

Love this Lyn 🌸

Jack Smacker · 126w

Lyn, new to Nostr, (and don't understand the apparent link between Nostr and Bitcoin yet), and I have some honest questions: Firstly, why do all the Bitcoin people recommend for other people to buy Bitcoin? Makes it feel like a pyramid scheme or Amway or something. Am I supposed to believe this is f...

The concept of dollar cost averaging is such an under appreciated investment technique. It works great for a long term appreciating but volatile asset like bitcoin.

Phillip Leslie · 126w

I bought bitcoin at 49k right before crypto winter lol

Haroun Kola · 126w

Best information I paid attention to.

solid advice, going to do the same

Chris Liss · 126w

You have to buy a little in order to study it IMO. Otherwise, you won’t be motivated to do the work.

There is a point of getting skin in the game though. It forces you to learn more, or at least it brings an incentive to do so.