There are two types of people...
Those who "HODL" crypto...and those who have no idea wtf it is
Man, cryptocurrency is an awesome source of passive income.
Literally **just buy it. Then Hold it. Procrastinate selling it.
Wait for the price to go "to the moon". **
Now, disclaimer, I'm not here to give you any sort of financial advice and what you should do with your money. I'm no expert. Just a lazy dude who enjoys making a living from the oh so cozy couch, sharing his opinion.
Critics will say that crypto has no "real" value.
Hmm...sort of like shiny rocks in the ground, ya know? We're talking gold, diamonds. They're just rocks we put a mad price tag on.
Look at trading cards too, man. Pieces of cardboard with pictures on them. Some of them sell for hundreds if not thousands of dollars for a single card.
You could hold the same argument about those things -- they hold no "real" value.
Human beings are attracted to things that are rare though. Fact of the matter is, just like gold or diamonds or a first edition holographic Charizard, Bitcoin is rare. It's a finite resource.
There's a very limited number that can be mined then THAT'S IT. There won't be any more "new" Bitcoins added to the world. The ones that are seemingly "new" just haven't been mined yet...
(Now, Bitcoin is a type of cryptocurrency. Just like apple is a type of fruit. There are different fruits besides apples and there are different cryptocurrencies besides Bitcoin.
But Bitcoin is sort of the protagonist here, the main hero of the crypto realm. People may not know the word "crypto" but they sure as hell know the word "Bitcoin".)
Quite frankly, I'm not sure if the value of Bitcoin is going up or the value of USD is going down. Either way, these digital assets are worth hodling on to, in my humble opinion.
It's lazy wealth building. I don't even touch it. I don't even look at it. Just let it grow slow n' steady.
The price fluctuates a lot. A lot, yeah. And that's an underestimate. Believe me. I always say just go with the flow and ride the waves man. Up and down. Just ride it out.
Remember, you don't watch a plant grow. You just water it once in a while. Likewise, don't painstakingly watch the numbers in your crypto wallet sporadically jump from low to high. Just trust it'll grow to a big tree one day.
Again, this isn't any sort of advice. I'm not a financial advisor, man. So take whatever I say with a grain of salt.
I put enough information in this episode that I hope is helpful to both beginners and advanced investors alike. So whether you're still scratching your head over "WTF is Crypto?" or maybe heard about it but want to hear it broken down in laymen's (lazy man's) terms...or are even already saying "to the moon!", I hope you'll find this new article helpful.
Read the Full Transcript/Blog: http://www.procrastin8r.com/blog/hodl
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