Something I wish someone had told me when I started.
Buying Bitcoin is the easy part. Anyone can click buy. What's hard is buying Bitcoin next week, and the week after, and the week after that, for years, through bear markets where you feel stupid and bull markets where you feel like you should have bought more.
That is not conviction. That is discipline. They sound similar but they are different things.
Conviction is believing Bitcoin will win. It's a belief.
Discipline is buying $50 or $100 or whatever amount every single week regardless of how you feel, regardless of the price, regardless of the news. It's an action.
Most people who leave Bitcoin don't leave because they lost conviction. They leave because they never built the discipline. They bought at the top feeling like geniuses, panicked at the bottom feeling like fools, and then stopped. Their belief was intact. Their habit wasn't.
If you are new, don't worry about having the strongest opinions about Bitcoin. Worry about building a boring weekly habit you can keep for the next four years. The opinions will come. The habit is what builds the stack.
What helped you build the habit when you were starting out?
For new bitcoiners: conviction is a feeling, discipline is a habit, and only one of them builds your stack
byu/PhoenixMacro inBitcoinBeginners
Posted by PhoenixMacro
2 Comments
DCA is like going gym – you don’t feel like doing it most days but after few months you just do it without thinking
This is the best framing I’ve read on this. The gym analogy works on every level. You don’t get strong from one great workout, you get strong from years of average workouts you didn’t skip. Bitcoin is the same. The magic isn’t in any single buy. It’s in not missing the weeks when you felt like skipping.
And the part most people miss: the weeks you least feel like buying are usually the most important ones.