
In my opinion, every day is a good day to buy bitcoin. I don't hesitate to hit the buy button when it's up or down a few percentage points for the day, because honestly, it doesn't matter. I believe that ultimately, a single bitcoin will be worth more than several million dollars, so it doesn't matter if I buy at $60,000 or $50,000.
Considering today's prices, would you care if you bought it at $0.50 or $0.60? Probably not. So I don't really consider price that much when I buy. I buy bitcoin because of its inherent properties as a digital money.
What's more important to me than price is how much I can comfortably afford. Bitcoin is a not a thing to own in the short term. If you are hoping to get rich quick, you are in the wrong place!
Bitcoin is an excellent savings technology. Pick any 4-year period over the last decade, and you'd see an increase in purchasing power, even if you bought only tops of bull runs. In other words, if you wait long enough, it really (statistically) doesn't matter what day you buy bitcoin. What'll hurt your more is if you wait…wait…and wait…hoping for the dip.
There are two scenarios for folks who try to wait for a dip and time the market. One, the dip finally comes, but they get spooked by all the red candles, and try to wait for a bigger dip. We saw that with folks who watched bitcoin fall from $64k to $29k, then tried to wait for even lower prices. $20k bitcoin never came.
Another scenario I often see is that the dip simply never comes. We saw this when the price ran up from $4k to $16k after the March 2020 crash, and folks called for a dip to $10k. Never came. We just went up in a straight line to $30, then $40, then $50, and then $60k. If you waited for the drop from $16 to $10, you missed the run up to $60. If you hesitate, you're going to get left in the dust.
4 Reasons To Buy Bitcoin Today

1. You Still Own Zero Bitcoin
I'm sure you have many questions about bitcoin. I hope to answer them all as part of this website, and you can search around to see if I've covered the topics you're concerned about. However, we can look at some very simple evidence available to you with absolutely no research necessary, and determine that bitcoin is something you should consider buying.
- Some bitcoin mining companies are publicly traded companies, meaning bitcoin will not become “illegal” overnight
- Cash App, one of the largest and most trusted financial services app, available on the Apple App Store, sells bitcoin
- Tens of millions of Americans already own bitcoin
- Bitcoin is the longest running, most well known digital asset
These are not reasons to buy bitcoin. They are just some basic observations that should allow you to open your mind and consider that maybe you should own just a little bit of bitcoin. Remember, you can buy a fraction of a bitcoin. Of course, as the saying goes, the more you know about bitcoin, the more you tend to own, so there's nothing wrong with adding to your position at a later date.
Most people feel like it's too late to buy bitcoin, but that's definitely not true. Bitcoin is available to anyone who wants to digitally secure the purchasing power of their hard-earned money. It doesn't matter if you buy it at $100 or $100,000, bitcoin will still successfully perform its function as a global, hard, digital money.
You can learn all about that later. For now, get more than zero bitcoin.
The best way understand bitcoin is to buy a little and start learning about it
Bitcoin Proverb
2. You Haven't Stacked This Month
Once you buy a little bitcoin, most bitcoiners would recommend that you create a “bitcoin savings account” and stack a little bitcoin into cold storage every month. Since bitcoin is still in the very early stages of becoming global money, it's important to have a low time preference or long term vision.
Bitcoin is savings technology. It's hard money, meaning you can't just hit the print button and make more. With bitcoin, code is law, and there are more than 10,000 Bitcoin node operators around the globe enforcing that law. You can't make more bitcoin, but it's likely that more people will become interested and want to buy bitcoin over time. Then, Number Go Up.
Of course, nobody knows when, or how fast, or how much bitcoin's purchasing power will increase. There are many predictions out there, but the truth is, nobody knows what's going to happen to bitcoin's purchasing power in the future. We could tank 50% and go sideways for 3 years. That's why it's important to stay humble and stack. Bitcoin is the future of money, but you still have to live in the present.
Only buy what you are comfortable holding, and consistently stack every month. If you end up with more bitcoin by the end of the month, then you are doing it right.
3. You Have Cash Not Working Hard Enough
A powerful analogy I read in an investing book early on, was to think about dollars in your bank account like employees of a business. Your business is [YOUR NAME]'s Life. Each dollar should have a job, and the goal is to make your life “better”, or however you want to quantify it.
Some dollars need to work on keeping the lights on – paying the bills and buying groceries. Some of those dollars work as a safety net, sitting there on standby in case you need them in an emergency. Some dollars can even be spent on company morale, i.e. entertainment & leisure. The majority of your dollars, however, should be put to work!
Putting your dollars to work could mean a few different things.
One way to put your dollars to work is by investing them. You could put some dollars into individual equities or index funds. Now, instead of sitting around on their butts, slowing losing purchasing power, they are earning dividends and growing in value.
Another way to put your dollars to work is to gain knowledge. You could purchase a book to gain literal knowledge and make yourself more marketable as an employee, or invest those dollars into starting a business, and gain practical knowledge, finding out what works or doesn't work in an industry. As a business owner, I know that not all business ventures end up being profitable, but if you learn from your mistakes, you can use that experience to build a better business next time around. Don't be afraid to learn, even if it costs you money in the short term.
If you are looking at your accounts and you have too many dollars sitting around doing nothing, one way to make them work hard is to convert them into bitcoin.
The cool thing about looking at your dollars this way is that it's easier to see the bigger picture. You don't have to send ALL your dollar employees to work on bitcoin. Just send a portion. Maybe consider them the cutting edge R&D department. Every company should be looking to the future and thinking about how to stay competitive, right?
I have found that when I started to consider how much of my “work force” to put into bitcoin, I really started to notice the tradeoffs of other investments.
“It's pretty strange really that we all see a good chance that bitcoins will hit a dollar in the relatively near future. How many investments can be expected to triple in value in that time frame? Is gold going to be $3500 any time soon? Apple stock going to triple? Maybe Facebook, if you could get some. That seems like a pretty sure thing. We are really lucky to be in at the beginning of a possibly explosive new phenomenon. Considering the odds against most money-tripling investments, Bitcoin looks like a good place for a percentage of your portfolio.”
Hal Finney
4. You're Overexposed To Legacy Financial Systems
Right now is a unique time in history. I'm not knowledgeable or confident enough to give you a brief and accurate breakdown of everything going on right now, but if you just look around, I think everyone kind of gets that there's some crazy shit going down. Prices are way up. Riots and protests are happening every couple of weeks or months. It's legal to steal in some cities. Homeless is rampant. The world shut down for two years and somehow multibillion-dollar airlines got bailed out while your average person got a few hundred dollars of free money?
Real estate prices are at an all time high. Stocks are at an all time high. The US government has so much debt that it's impossible to pay it off without inflating it away to devalue the currency which you are currently holding in your bank account. Shit's crazy right now.
Personally, I'm not very confident about the future right now. I want a bug-out strategy. I need an exit plan. A safety net outside of the legacy financial system looks really attractive right now, and that's exactly what bitcoin is. Bitcoin is Plan B.
Typically, when someone says “diversification”, you think of a mix of stocks, bonds, real estate, but what happens if the whole thing melts down like in 2008 or March 2020? Bitcoin is not just a diversification into a different type of asset, it's diversification into a completely different financial system.
3 Reasons To NOT Buy Bitcoin Today

1. You Need It To Go Up
The worst reason to buy bitcoin is because you need to make money quickly. Nobody can predict market movements going up or down, and nobody can predict the timelines in which they happen. There are lots of stories out there of people making crazy money in a short amount of time, but there are many more of people getting liquidated and losing everything.
Bitcoin is NOT a get-rich-quick scheme.
If you need money fast, then you need to make other changes in your life first. Cut spending. Get a better job. Make changes to your life to get your house in order.
If you have money problems and you think owning a little bitcoin is the right path towards fixing things, just remember that a rule of thumb is that you should only buy bitcoin you think you won't need for 5-10 years.
2. You Think You Spot A Quick Trade
The market is full of crazy situations, and for as many times as you think you can make a trade in the right direction, there are exceptions to the rule that will get you liquidated. At the very least, you could lose some of your bitcoin stack.
If you are reading this article, you are not a professional trader. The simplest way to accumulate bitcoin is simply to stay humble and stack. Buy a little bit at consistent intervals.
If you're considering trading, it's probably because you want to make money fast. Your time preference is too high. You want more bitcoin, and you want it now! This is not a long term strategy for living. There are very, very few old traders out there. In my experience, most people who trade do so for while, but get sick of the high intensity, high risk environment. It's super hard to make every trade go right when you depend on it for income to pay your mortgage.
Think longer term. Consider how you want to be earning income for the next ten years. Think about what you can do to improve your value in the marketplace. Set a goal of how much you want to save in bitcoin. Contrast that with trying to draw colored lines on a candle chart for 12 hours a day. Which one do you think is a more sustainable lifestyle?
3. You Read Something On Twitter Or Reddit
I am making sure to include this part because I previously fell into this trap. Learn from my mistakes. People on the internet very often don't know what they're talking about, and sometimes, they just make things up to troll or scam. I have read so many predictions over the years about what price target will hit at what date, and these predictions are more often wrong than they are right.
Make a wrong prediction? No problem. Delete the tweet.
History of wrong predictions exposed on Reddit? No problem. Delete your account and start a new one.
YOU are the one who bears the full weight of buying or selling bitcoin, and there's absolutely no recourse for you if you take action on bad advice.
Final parting words here – don't take action on something just because you read it on the internet. Think longer and deeper about it.
Should You Buy Some Bitcoin?
Everyone who thinks about buying bitcoin thinks that they missed the boat. They worry that they'll buy a top, and the dollar value of their purchase will go down. In my opinion, if you think out on a long enough time horizon and understand what you are buying, the possibility of that scenario becomes smaller and smaller. This is why most bitcoiners claim they will never sell their bitcoin.
The “bitcoin thing” is really catching on, and so I think it's a good idea for everyone to own a little bitcoin. What's the worst that can happen?
One framework I like to use on nocoiners who are hesitant to buy bitcoin for the first time is to ask them to think 10 years into the future. Will bitcoin still be around? Do you think it'll be worth more or less at that time?
Most people will answer YES and YES to those questions. Yes, bitcoin will still be around in 10 years, and yes, it'll be worth more money. If you answered YES to both of those questions, then you should probably buy some bitcoin!
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