Are You Using Bitcoin as a Quick-Rich Scheme? Think Again
Bitcoin has been a buzzword in the financial and tech worlds for over a decade. However, according to veteran crypto educator Davinci Jeremie, many people are still approaching it the wrong way. Jeremie’s candid advice? Stop hoping for Bitcoin to ‘boom’ overnight and start understanding its purpose.
In a recent exchange on X (formerly Twitter), a user asked Jeremie when Bitcoin would skyrocket in value. His response was straightforward: “If you’re relying on Bitcoin to ‘boom’ to make you rich, you’re doing it wrong. Bitcoin is for storing what you earn. The win is time plus stacking.”
Breaking Down the Biggest Bitcoin Misconception
The common assumption that Bitcoin is designed to make you rich is misguided. Instead of treating Bitcoin like a lottery ticket, Jeremie emphasizes that it is a tool for wealth preservation, not an instant wealth creator. Its value lies in its fixed supply and slow adoption curve.
The formula Jeremie suggests is simple yet effective: ‘stacking’ and ‘time.’ Stacking means buying Bitcoin in small, consistent amounts over time. Meanwhile, time refers to holding onto it for years or decades rather than obsessively watching market trends. This long-term strategy removes the stress of trying to ‘time’ the market or predict its highs and lows.
Bitcoin: A Shield Against Fiat’s Decline
Unlike fiat currencies, which lose purchasing power over time due to inflation, Bitcoin has a fixed cap of 21 million coins. This programmed scarcity helps it act as a digital store of value. However, for this to work effectively, users need to approach it the right way—as a method to store and protect wealth earned through other avenues like work or business.
If you’re still asking, “When will Bitcoin moon?” it might be time to reconsider your strategy. Jeremie’s advice makes it clear: the problem lies not in Bitcoin but in unrealistic expectations of it.
Start Small: Tools to Help You Start Stacking Bitcoin
If you’re ready to take a measured approach to Bitcoin, tools like Coinbase (Coinbase) are a great starting point. They allow you to set up automated purchases, ensuring you can consistently accumulate Bitcoin over time without needing to monitor prices constantly.
By understanding and adopting Bitcoin’s true purpose, you can use it as a solid tool for wealth preservation rather than gambling on short-term gains. Remember, the power lies in consistency and patience.
