Patience and a long term mindset in Crypto

With Ben Friedman, Sales and BD @ Bitcoin.com

Key Moments

• Ben’s origin story in Crypto [00:47]
  • Introduced by a friend in the 2017 bear market (Bitcoin @ 5k), speculative trading, growing in crypto [1:12]
  • Regrets and learnings [4:55]
    • Should have bought more and held over time
  • Currently using DCA for the last 3-5 years [5:30]
    • Buying blue chips regularly over time
    • Simple strategy for the long term
• Hopes and dreams for Crypto: [8:20]
  • More mainstream adoption through deeper integration of tradfi-defi training tools enabling new strategies
    • eg. able to swap between tradfi and crypto assets
    • eg. sell TSLA buy BTC in one trade
  • Greater accessibility to crypto for new users
    • Everyone should be able to buy Bitcoin easily (eg. family & friends, day-0 crypto users)
• 3 Tips for new users in crypto:
  • Be patient [13:35]
    • prices move every day, news events are common. Keep calm and avoid rash decisions
    • practice diamond hands (holding)
  • Have a long term mindset [14:12]
    • Focus on the long term potential of the industry
    • eg. innovations within the crypto/blockchain space
    • Use a simple strategy like DCA for the short and mid term to allow you to focus on the long term
  • Stay informed [14:50]
    • The industry evolves very quickly, priorities change frequently Keep up with the pace by learning continuously, everyday

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