When you buy Bitcoin....

Expect to feel stupid 3-5 years

Bitcoin has fallen 30%+ in the last month

I personally think it will eventually reverse and go to millions of dollars

BUT

Nobody really knows how long it’ll take Bitcoin to reverse

This is why a fiat emergency fund is key

I used to think the patterns were easy to recognize

But as I get more experience in this market, I realize nobody knows if things will continue the way they were in the past, whether that’s 4-year cycles or not

I stick to my “hold for 4+ years” mindset

If I buy Bitcoin, I plan to hold it for 4+ years

It doesn’t matter what someone else tells me about where Bitcoin is going in the short term

The longer I can hold, the better

5 years is better than 4 years

10 years is better than 5 years

20 years is better than 10 years

The longer your time horizon, the more time you have to recover from adverse events

Don’t put your rent money for next month in Bitcoin

This is why I CONSTANTLY remind you that a fiat savings account is KEY

Having 3-6 months of fiat can save you a lot of pain and headache

Worst-case scenario: Bitcoin dips, you lose your income sources, and you have to sell Bitcoin at a deep discount to pay for your expenses

NEVER GET OVERCONFIDENT ABOUT TIMING!

If you expect Bitcoin to follow four-year cycles and you sell the “top”, you might end up with a lot less Bitcoin if the price doesn’t follow your thesis

If you don’t expect Bitcoin to follow four-year cycles, but it DOES, that fiat savings account could help you save a significant portion of your Bitcoin stack

Buy Bitcoin and expect to feel stupid for 4+ years

Watch the video below for more details on this concept:

Https://youtu.be/x3PgSpcrJm

If you're interested in learning more, join my school community: skool.com/retirewithbitcoin, where we do weekly live sessions and there's a lot more content that isn't available anywhere else

You can also book a one on one meeting with me if you have any questions or concerns: Rajatsonifinance.schedulista.com