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The path from nocoiner to Bitcoin millionaire

Bitcoin Reddit

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  • Dismiss it as a fad
  • See something that makes you reconsider your initial opinion
  • Buy a small amount of Bitcoin
  • Go down the rabbit hole
  • Buy more Bitcoin
  • Find the rabbit hole has no bottom
  • Buy more Bitcoin
  • Second guess everything you think you know about money
  • Buy more Bitcoin
  • Figure out your risk management strategy
  • Buy a lot more Bitcoin
  • Download a hot wallet
  • Transfer some Bitcoin to your hot wallet
  • Buy a hardware wallet
  • Write your seed phrase down on paper
  • Stress out about where to store your paper backup
  • Memorize your seed phrase
  • Remember that you forget things a lot and once almost accidentally burned down a fire department
  • Buy a steel seed phrase backup in case of fire or memory loss
  • Stress out about losing your bitcoin because you don’t know what you’re doing
  • Stress out about losing your bitcoin on the exchanges
  • Finally get your coins off exchanges
  • Get a vault to store your hardware wallet
  • Get a second separate vault to store your steel seed phrase backup away from your hardware wallet
  • Realize your family won’t be able to figure this out on their own when you die.
  • Realize you don’t trust anything or anyone not to steal or confiscate your keys
  • Start researching multisig, wonder if it’s really a better idea than single sig
  • Second guess everything you think you know about Bitcoin
  • Buy more Bitcoin at $69,420 like a degenerate
  • Watch your cash position lose 25% of its purchasing power in four years
  • Consider whether your risk management strategy should be revised or just thrown out the window
  • Buy more Bitcoin
  • Question whether you’ve joined a cult
  • Buy more Bitcoin

This is not investment advice.

submitted by /u/ShoulderSeason
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