How To Survive Bitcoin's Volatility

In this video, I discuss why Bitcoin is so volatile, and how to survive investing in it.

Bitcoin possesses a perfectly inelastic supply schedule (higher Bitcoin prices do not increase the supply, which is ultimately fixed at 21 million). This combined with the fact that it is an unregulated free market means that volatility is a necessary tradeoff.

Bitcoin volatility will continue to come down over time, as you get a more diverse base holding it, with different time horizons and objectives.

I like to dollar cost average into Bitcoin and "value my wealth in Bitcoin," rather than focusing on short-term fiat price fluctuations.

Here are the rules that I follow:

1) Don't invest in Bitcoin using leverage or margin.
2) Don't trade Bitcoin.
3) Just dollar cost average in; don't try to time Bitcoin.
4) Don't check the price of Bitcoin.

"Those who never check the price of Bitcoin sleep best at night."

Not investment advice! Consult a financial advisor.

Bitcoin bull market price dips:
https://twitter.com/lylepratt/status/1332708830728294412/photo/1

Bitcoin stock to flow model chart:
https://twitter.com/danheld/status/1333048071001952259

Bitcoin to hit $350,000 this cycle?
https://twitter.com/adam3us/status/1332354433502613506

Trump administration may rush out crypto regulation:
https://www.coindesk.com/coinbase-ceo-trump-administration-may-rush-out-burdensome-crypto-wallet-rules

Coinbase ends margin trading:
https://www.coindesk.com/coinbase-ends-margin-trading

Chinese seize $4 billion in crypto:
https://www.coindesk.com/chinese-authorities-have-seized-a-massive-4-billion-in-crypto-from-plustoken-scam

Swan Bitcoin for dollar cost averaging:
https://www.swanbitcoin.com/

Swan Bitcoin fees:
https://help.swanbitcoin.com/hc/en-us/articles/360045394134-What-are-Swan-Bitcoin-s-fees-

Guggenheim looking to get Bitcoin exposure:
https://twitter.com/kerooke/status/1332814031179165697

Niall Ferguson says that Bitcoin should be integrated into the U.S. financial system:
https://twitter.com/DTAPCAP/status/1333269827717378048

Raoul Pal moving to 98% of liquid net worth in Bitcoin:
https://twitter.com/RaoulGMI/status/1333228518784856066

Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99

Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#BitcoinNews


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