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.