Bitcoin Is an Accelerating Train – Do NOT Try to Outsmart It

00:02 Everyone, Bitcoin is an accelerating 00:05 train. And so I've been trying to think 00:06 of an analogy of how do I describe the 00:10 shenanigans people try to pull off and 00:12 ultimately outsmart themselves. And so I 00:14 came up with an analogy. I hope you like 00:16 it and I'll try to use it as sort of a 00:17 framing. Okay. So imagine there's a 00:20 train and this train is going to the 00:24 California gold rush. back at the the 00:26 beginning of the California gold rush 00:28 when you could walk out and literally 00:30 pick gold off the ground and get rich 00:33 and all of that and you have got your 00:35 ticket on the train and you've you've 00:37 boarded uh you find yourself in the very 00:40 first uh card on the train and you're 00:42 you know the train leaving the station 00:44 and it's just just barely starting to 00:46 pull out of the station and it's a super 00:49 super super long train. Okay, so in this 00:51 analogy let's think about this. Give me 00:53 one second. 00:58 So in this analogy, let's assume that 00:60 the tickets to the train are more 01:02 expensive at the front of the ch train 01:04 and cheaper at the back of the train. Uh 01:06 the reason I'm using this is it's the 01:08 equivalent of like what price did you 01:10 buy Bitcoin at? And the train is 01:13 accelerating. Now I'm sitting somewhere 01:16 toward the front of the train and you 01:18 know, Bitcoin is you know I'm I'm here. 01:20 I'm your sherpa. We're on the train. 01:21 Everybody's happy. Well, as the train 01:24 slowly starts to accelerate, some people 01:27 have the bright idea, which is, hey, I 01:30 know we're on the train. I know it took 01:31 a lot of work to get on the train to 01:33 understand Bitcoin and all that sort of 01:35 stuff, and we're officially on the train 01:37 and everything's good. Here's a bright 01:40 idea. What if we jump off the train and 01:45 then let a few seconds go by and then we 01:48 try to jump back on the train at a car 01:50 that's farther and therefore get a 01:53 slightly cheaper ticket price because 01:55 the tickets are cheaper the farther back 01:57 in the train. Again, I'm trying to use 01:59 an analogy here of somebody who, you 02:01 know, they they sell Bitcoin at 87,000 a 02:04 coin thinking they'll buy it back at 02:06 62,000 a coin and then they'll have a 02:08 lower cost basis, meaning the they'll 02:10 own more Bitcoin for the same dollars 02:13 and they'll still be safely on the train 02:15 on their way to the California Gold Rush 02:18 and everybody's happy. So, people are 02:20 constantly trying to do this and they 02:22 are constantly failing. I mean, failing, 02:24 failing, failing, failing, failing all 02:26 the time. constantly. Do not do this, 02:29 ladies and gentlemen. Once you 02:31 understand Bitcoin, buy the Bitcoin and 02:34 stay on the trade. Buy the Bitcoin, stay 02:37 on the train. There are a million ways 02:40 to outsmart yourself and end up poor 02:44 that do not involve just staying on the 02:46 train. But people are constantly trying 02:48 to do this. They're trying trying trying 02:51 to constantly see if they can maybe it 02:54 seems expensive today, so I'll sell it 02:57 and then I'll plan to buy it back 02:59 tomorrow and then, you know, then I'll 03:02 have a lot more Bitcoin. And here's the 03:04 problem. The train is accelerating. So, 03:07 the probability that you are going to 03:09 get off the Bitcoin train and get on it 03:13 farther back in the train at a cheaper 03:15 ticket price without the train leaving 03:17 you by the side is very low. The 03:20 probability that you're going to pull 03:21 that off is very low. So, do not try to 03:24 do that. So, I have had people tell me 03:28 that and you know the same people try to 03:31 do this. They'll they'll buy Bitcoin, 03:32 it'll run up from one price to another 03:34 price, then they'll sell it at the 03:36 higher price. thinking they're being 03:37 smart and then they'll realize they 03:39 missed out on a huge amount of the 03:40 upside. So, I wanted to share in this 03:42 train analogy because what always 03:44 happens is, you know, so you're on the 03:46 train, right? I'm up there on the train, 03:48 you know, Bitcoin Sherpa trying to help 03:49 everybody out and all these people keep 03:51 hopping off the train and then trying to 03:54 get back on the train at a at a at a 03:55 farther back post to get a cheaper 03:57 ticket price. And I'm like, people, 03:59 people, people, stop. We're going to the 04:02 California Gold Rush. You're on the 04:04 train. You're going to get there. The 04:06 price you paid for Bitcoin is fine. In 04:09 the future, you know, when we get there, 04:12 you won't care. Nobody cares whether I 04:15 bought Bitcoin at 9 $9,100 a coin or if 04:20 it was $10,400 a coin, which is the 04:23 equivalent of 91,000 versus 104,000. 04:27 Stop playing games. Just stay on the 04:29 train. So, people are constantly trying 04:30 to do this. So, in my personal 04:33 experience, I know people who have sold 04:36 Bitcoin $100 a coin, planning to buy it 04:40 back when it was cheaper, $100 a coin. 04:43 They sold it at $100 a coin, and then it 04:46 tripled in price to 300 a coin, and it 04:49 was too expensive. So, they didn't want 04:51 to buy it back because they felt like it 04:52 was too expensive. And they had more 04:55 than 100 Bitcoin. So, they had an amount 04:58 of Bitcoin that today would be worth 04:60 more than $10 million. 05:02 $10 million of Bitcoin, but they sold it 05:06 for $10,000, 05:08 1% of its current price because they 05:11 were planning to jump back on the train 05:14 at a later point when the ticket price 05:16 was cheaper and have more Bitcoin. And 05:18 instead of having more than 100 Bitcoin, 05:21 more than $10 million of Bitcoin, they 05:23 have $10,000 of Bitcoin. They have 1% as 05:26 much Bitcoin as they would have had 05:28 because they forgot to on the train. 05:31 They missed the timing once they 05:33 realized they had missed it. The price 05:34 had tripled. They did not want to spend 05:37 $30,000 for Bitcoin that they had just 05:40 sold for $10,000. And they didn't want 05:42 to buy back 33 Bitcoin for $10,000, 05:46 which would be worth $3.3 million. So, 05:48 they could have bought $3.3 million 05:50 worth of Bitcoin, but they didn't. They 05:52 thought that was expensive and so they 05:54 just didn't pay it at all and so now 05:57 they have not coin. So I've had people 06:01 do that. I've had people uh these are 06:04 not people thankfully let me say none of 06:06 the people that I have coached and 06:08 mentored about Bitcoin have made any of 06:10 these mistakes. So all the stories I'm 06:12 sharing with you right now are people 06:13 that got into Bitcoin before I did or 06:16 people that got into Bitcoin independent 06:18 of me without my advice. to to my 06:20 knowledge, nobody has had a bad 06:22 experience with Bitcoin that was coached 06:25 or mentored by me. I'm not aware of a 06:26 single bad story. Um, so these are all 06:29 the stories I'm telling you are stories 06:30 that happened independent of me or 06:33 before I got into Bitcoin, which is also 06:34 independent of me. You know, I've met 06:37 with somebody who at one point had 06:39 between 3,000 and 4,000 Bitcoin valued 06:42 today between 300 and $400 million, 06:47 but they traded it all out for Dogecoin 06:50 and Dogecoin went way down and they sold 06:52 it and they missed out on all of that. 06:54 So, could have had 300 to $400 million 06:57 and they have a few tens of thousands 06:59 instead as a result of their Dogecoin. 07:02 They got off this. The analogy here is 07:04 that they got off the Bitcoin train 07:06 thinking that there was a faster better 07:08 train that was also going to the 07:10 California Gold Rush and would somehow 07:13 take them there faster through an 07:14 alternate route. Well, Dogecoin is not 07:18 taking you anywhere you want to go. So, 07:20 they lo they missed out on hundreds of 07:22 millions of dollars because they got off 07:25 the Bitcoin train and onto the Dogecoin 07:28 train. And the Dogecoin train run their 07:30 ran their money straight into the 07:32 ground. Um, so I've talked to multiple 07:34 people who have gotten scammed of tens 07:37 of thousands of dollars each tens of 07:40 thousands of dollars each because they 07:42 had Bitcoin. Um, one of them had as many 07:44 as uh 9.5 Bitcoin. Uh, which today would 07:48 be worth $9.5 million. They had as many 07:51 as uh or sorry, it'd be worth Yeah, it 07:54 was nine. Sorry. It'd be worth more 07:56 950,000. Sorry. Uh, they had 9.5 Bitcoin 07:59 worth almost a million dollars. 08:02 and they sent it to someone that offered 08:05 to trade Bitcoin on their behalf. And in 08:09 in the promise, of course, being get off 08:11 the Bitcoin train, let me get you on a 08:14 better special train that's faster and 08:17 all will go well in your world. Well, of 08:19 course, it was a scammer and multiple 08:21 people have reached out to me. Multiple, 08:22 not one, but multiple people have 08:24 reached out to me. Each of them having 08:26 been scammed out of tens of thousands of 08:29 dollars of Bitcoin that they bought at 08:31 prices a fraction of today's price, a 08:35 tiny fraction of today's price because 08:37 they sent that Bitcoin to someone who 08:40 offered to trade it on their behalf to 08:42 get them more Bitcoin and they lost it 08:44 all because they ended up getting 08:45 scammed. So get on the Bitcoin train and 08:48 stay on the Bitcoin train. Do not get 08:51 off the Bitcoin train planning to buy it 08:54 back at a lower price. Again, don't get 08:56 off the train hoping that you're going 08:58 to jump back on the train at a train car 09:00 that's farther back, that's cheaper, 09:03 because there's a good chance you're 09:04 going to jump off that train and realize 09:06 that it's going too fast and you can't 09:08 jump back on it. And you're going to 09:10 realize this train left you. The the 09:13 train where Bitcoin was 100,000 a coin 09:15 is gone. And by the time you decide you 09:17 found a new train that's going to get 09:19 you to the same destination, well, the 09:21 ticket price went up by 25% or 50% or 09:24 200%. Don't get off the Bitcoin train. 09:27 Every other train is either not going to 09:29 get you there at all or it's going to 09:31 get you there with a bunch of bumps and 09:33 bruises and not nearly as fast. Nothing 09:36 can get you anywhere as fast as the 09:38 Bitcoin train. So, do not get off the 09:40 Bitcoin train planning to get back on at 09:42 a cheaper price. Do not send your 09:44 Bitcoin to anyone who offers to trade 09:46 your Bitcoin. Just get on the Bitcoin 09:49 train. Stay on the Bitcoin train. And 09:52 whatever price you pay for Bitcoin, 09:54 that's fine. If it goes down, buy more. 09:57 But do not get off the Bitcoin train. 09:59 Everybody who gets off the Bitcoin train 10:02 regrets it and ends up worse off and 10:05 poorer. Stay on the Bitcoin train, 10:07 everyone. Don't sell your Bitcoin.