Just one year ago, the sentiment on the Bitcoin Fear and Greed Index was “greed” as we reached the 98k level. Today, it’s extreme fear. When I think back to early 2023, Bitcoin hit a low of around 14k. Of course, that was supposed to be the end of Bitcoin — R.I.P.
I bought more at 14k.
But the crazy part is that the Fear and Greed Index was at extreme fear at 14k… and today it’s at extreme fear at 95k! The key to successful investing is reversing your emotions. When dumb money is fearful at low prices, that’s when you have to become greedy. As the saying goes: “Buy when there is blood in the streets.”
This is, of course, only if the asset is sound.
Don’t go buying shitcoins.
Once a shitcoin crashes, it’s unlikely it will ever make a new all-time high again.
Play it safe: Bitcoin only.
Altcoins are centralised (controlled by a central entity) that can rug-pull the whole thing by dumping half the supply on the market, or increasing the supply of tokens, reducing the value of each token.
This is the very thing Bitcoin was created to avoid: Endless money printing and the inflation it causes — aka fiat currency. Altcoins are just more fiat. Bitcoin is a decentralised protocol with ultimate scarcity.
Digital gold — only better.
Much better.
I can send a billion pounds worth of Bitcoin to the other side of the planet for one pound. Moving a few million pounds worth of gold would cost a fortune and take months to years. Try walking through an airport with a hundred thousand pounds’ worth of gold.
They’ll confiscate it.
I’m just scratching the surface of Bitcoin’s utility here.
And this is why companies and institutions (even governments) are buying Bitcoin — because it’s an independent commodity money. Bitcoin has no owner, no office, no staff. It’s a digital material. A bearer asset which you can self custody without trusting anyone else. Why would a company put its balance sheet into another company unless it had to?
Tick tock, next block.
Buy Bitcoin
Nomad investor 
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