You can’t have green days in the market with record highs without red days and controversy. The media may say that Bitcoin is highly volatile. Do you know what else is highly volatile? Children. Inflation. High schools. Freeways. Life. Why? Variables.
Do you know the REASON why Bitcoin is volatile? There is a thing called “price discovery,” and the fact that Bitcoin has so many outputs of utility makes it all the more “volatile” because different subsets of people are using Bitcoin for different things. Some people may want to do peer-to-peer payments with it. Some people may want to build on Bitcoin, and that usage will create more velocity because builders as well as users will leverage Bitcoin. Some people may want to have and hold Bitcoin as digital gold to store value and shield against inflation. This can be a lot.
This is why I am passionate about making sure people have a solid base, because bull markets, which is when everything seems to go up only, have a way of bringing greed out of people; greed is one of the biggest reasons why people can get scammed or even hacked. The other reason is due to ignorance. I want to meet people where they are, and this brings me to my new book, “Bitcoin in 21 Days.” The book is a 21-chapter walkthrough on Bitcoin, conceptually and in practice, as well as WHY Bitcoin is important. My book “The Secrets of Satoshi - Understanding Bitcoin” may be overwhelming to newcomers as it is written in an encyclopedic way to serve as a reference, but “Bitcoin in 21 Days” invites the reader to learn about Bitcoin at their own pace by reading one chapter a day. It’s bitesized, manageable, and digestible. Mass adoption comes when people can understand and communicate what Bitcoin is and how it can change their own lives. Michael Saylor making $500M a day by holding Bitcoin surely changes his life and Microstrategy shareholder’s lives, but perhaps not everyone is going to forsake all to follow Bitcoin. Some may do what one person did and simply dollar cost average into Bitcoin with a small amount of money for holding.
People can only do what they understand. As a Bitcoin entrepreneur and educator, my job is to make them understand and make it easy for them to interact with Bitcoin.
I take my job very seriously. This is why I hosted a free training called “Why Bitcoin?” this week. I will be sharing a recording of the training right here very soon. Stay tuned!
— Christopher Perceptions