Thread by @dergigi

Welcome new #Bitcoin maximalists!

Times like these are learning opportunities. Wipe away your tears, take a deep breath, and repeat after me: "I will stay humble. I will not use yield. I will hold my own keys."

If all you did up to now was click buttons on exchanges, it's time to build a solid base and understand the difference between bitcoin and "cRyPtO," as well as fiat shitcoins.

Nobody is beyond redemption.
Bitcoin is for anybody.
Bitcoin is hope.

hope.com/en/content/bit…

The next step is to get a deep understanding of money and the asymmetric opportunity that #bitcoin represents.

Nobody does a better job of explaining this than Vijay. There are good reasons to be bullish on bitcoin, and it's not memes & lambos and moon.

bitcoin-resources.com/books/the-bull…

By now you should understand that #Bitcoin is not about quick riches, but about freedom & self-sovereignty.

Bitcoin is a protest, a lifeline, and a way out. But you have to use and understand it properly.

If you had extra money to spare to trade & farm yield you are probably more privileged than most, so always remember to stay humble and check your financial privilege.

Bitcoin is our only chance against financial totalitarianism.
Act accordingly.

bitcoin-resources.com/books/check-yo…

Back to fundamentals: it helps to deeply understand the basics of #Bitcoin to build up the necessary conviction to hodl through these crashes.

Yan's book is an excellent resource for that:

bitcoin-resources.com/books/inventin…

Another excellent book to deeply understand the basics is Kiara Bickers' "Bitcoin Clarity," which takes a more visual and systems-thinking approach to explaining things.

It is fantastic, and I believe that anyone can understand it.

bitcoin-resources.com/books/bitcoin-…

You probably fell for a lot of FUD on your journey so far, still thinking that #Bitcoin is slow or old technology or BS like that.

Rid yourself of this broken thinking by
a) using Lightning, and
b) reading Layered Money by Nik:

bitcoin-resources.com/books/layered-…

That's it!

Remember that maximalists are your friends and here to help. If you are willing to learn, that is. Check out bitcoiner.guide for various guides and tutorials when it comes to choosing and using wallets, and always remember:

Not your keys, not your coins!

My personal recommendations are completely unchanged, as is my conviction, and my approach in general:

• Don't trade
• Provide value
• Spend less than you make
• Save in bitcoin (stack sats)
• Hold your own keys & use privacy best practices

dergigi.com/2020/04/27/dea…

Podcasts are another great way to learn. I try to keep a list on bitcoin-resources.com which is a general entry point, among many others.

I know it's a lot. Take it one step at a time. We all made mistakes along the way. The important part is to not repeat them.

Good luck! 🧡