Buy and HODL

Hi there!

In today’s email, we’re talking cryptocurrency and
how entrepreneurs can use it.

Cryptocurrency like Bitcoins are digital currency that
can be “mined” and collected like fiat money.

According to Bloomburg, as high as 80% of all transactions
on Bitcoin trading exchanges consist of bots.

These are automated, computer-driven programs that buy
and sell cryptocurrencies for their human designers.

And here’s a fact: human traders just can’t outperform
the bots. Trading is where 90% of us lose our money.

So what’s the answer? Buy and HODL. No, that’s not a
typo (although it may have started as a mis-typing of
the word “hold”).

It stands for Hold On for Dear Life and it means you
should purchase and not sell, no matter what’s going
on in the market around you.

Let’s look at an example from Think Maverick:

• If you had invested $1,000 in Amazon ten years ago,
you’d have around $20,000 today!

• If you’d invested the same amount in Microsoft,
you’d have around $8,000!

• If you’d invested the same amount in Netflix,
you’d have around $100,000!

• If you’d invested the same amount in Apple,
you’d have around $9,000!

• But if you’d invested the same $1,000 in Bitcoin,
today you’d have around $1,000,000,000!

(That’s 185,185 Bitcoins times $9,800 per Bitcoin)

“Bitcoin has been the best performing asset over the
past decade,” says Jenny Tan of Think Maverick, “blowing
away stocks, startup, bonds, gold, silver, and any other
precious metal or commodity.”

And although we’re still at the early stages of
cryptocurrency, many people (including investors,
merchants, and financial institutions) are demanding
Bitcoin.

Andreas Antonopoulos, a Bitcoin expert, once said,
“Bitcoin won’t necessarily be the shopping coin. It
won’t necessarily be the day-to-day transaction coin.
It will be the coin you invest for your retirement.”

So buy Bitcoin and store it safely in your online wallet.
Do nothing for decades, then access it to find it’s worth
millions.

However, HODL-ing isn’t as easy as it sounds. Always do
your research before you invest in any cryptocurrency.
There are lots of scammers out there on the internet.

As with any investment, educate yourself before you spend
your hard-earned dollars.

In our next email, we’ll talk about Microtasks for
Bitcoin.

Until then,

🐷 WUPPLES®

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