#Bitcoin has never taken any money from anybody. Every person in the world that bought #BTC and did not sell or lose it has made money. I mean hard money too. The only ones that lost either sold it or lost it. What’s the lesson?

The simple answer is #HODL don’t sell and secure it, but not many have done that #. Why? Here is what I learnt from being involved in #Bitcoin for over a decade.
1. You need to overcome the emotions of fear and greed which is hard wired into the human psychology. Not so easy.
2. You need to resist the urge to trade when everybody is telling you #Bitcoin is going to be killed by another competitor or it’s a scam or it’s a Ponzi scheme or it’s just for drug dealers or it’s a dinosaur compared to other crypto or it’s going to get banned or etc. etc. etc.
3. You need to learn how to become your own bank that requires learning a new skill that became easier over time, but was very hard in the early days. Securing your own wealth without a bank gives you freedom, but new problems to solve.
4. You need to learn how to diversify some of them as your wealth builds from losing your keys by giving some to custody when everybody is telling you “Not your keys, not your coins” and you don’t believe in custody.
5. You need to avoid the mountain of scams that come your way trying to come between you and your #Bitcoin
6. As your wealth builds you need to master personal security and think about ransoms, family members, yoir partner and other scenarios you really don’t want to think about.
7. You need to purchase #Bitcoin tax efficiently and avoid the temptation of trading whilst managing your money so you don’t need to sell it to meet living expenses. All while your government is trying to figure out how they are going to treat it for tax purposes.
8. As your wealth builds you need to figure out what happens to your #Bitcoin when you inevitably die. Inheritance planning for most means their keys will die with them. Grim I know, but reality.
9. You need to find a crypto friendly bank that will allow you to on-board into #Bitcoin when you tell them the truth of how your funds are being used to purchase #Btc so they don’t close your account.
10. You need to on-board safely so your entire #Bitcoin position is not traceable to one wallet address that gets connected to your identity when the traditional financial system wants to store that data on you as their legal regulatory requirement.
It’s the ultimate freedom, yet nobody pulled it off as simple as #HODL & keep safe. We all made these mistakes. Learn how to build & protect your wealth in the Great Depression of the 2020’s with a free copy of my book & my free 4 part video series. Enjoy https://t.co/hkP16OuGD1

More from Crypto

Excited to share our 2020 #Bitcoin review.

2020 will be remembered as the year the long fabled institutions finally arrived and #Bitcoin became a bonafide macroeconomic asset.

Below are the top highlights of each month for Bitcoin’s historic year.

1/


Bitcoin is now at all-time highs capping off an extremely successful year.

But it was by no means stable ride up.

2020 was a historically volatile year.

@YoungCryptoPM and I provided a detailed overview of every month of 2020 in all its

Jan.

3 days into the new year the US assassinated Iran’s top general Soleimani.

BTC surprisingly reacted to the events behaving like a safe haven as the risk of war increased.

The events provided the first hints of BTC potentially having graduated to a legitimate macro asset.


Feb.

COVID-19 reached a tipping point causing markets to crash.

BTC’s correlation with the S&P 500 reached an ATH in the following weeks.

This is when everyone learned BTC was not a recession hedge, it was a hedge against inflation and loss of confidence in fiat currencies.
https://t.co/JB7dJ3qp6M


Mar.

Financial markets in free fall.

The liquidity crisis was so severe BTC experienced one of it’s worst days ever.

Now known as Black Thursday, on March 12, BTC plummeted as much as 50% to below $4,000 at its lowest point on the day.

BTC closed the day down 40%
1/ @MIT discussing the need for blockchain gateways to achieve interoperability across different blockchain networks, and to support the cross-blockchain mobility of virtual assets

https://t.co/PbjQkSlTT3

@quant_network are collaborating with MIT in the creation of ODAP

$QNT

2/ "In order for blockchain-based services to scale globally, blockchain networks must be able to interoperate with one another following a standardized protocol and interfaces (APIs)"

Gilbert founded ISO TC307 which 60 countries are working towards standardizing the interfaces


3/ "We believe that a blockchain gateway is needed for blockchain networks to interoperate in a manner similar
to border gateway routers in IP networks. Just as border gateway routers use the BGPv4 protocol to interact with one another in a peered fashion we believe that a...

4/ blockchain gateway protocol will be needed to permit the movement of virtual assets and related information across blockchain networks in a secure and privacy-preserving manner"

You can read more about the gateway protocol ODAP in this 21 tweet


5/
"We motivate the need for blockchain gateways and blockchain gateway protocols in the following summary:

✅Enables blockchain interoperability:
Blockchain gateways provide an interface for the interoperability between blockchain/DLT systems that operate distinct consensus...
Lots of people are sleeping on one the biggest things @quant_network is currently involved in-ODAP (Open Digital Asset Protocol).

So what is exactly #ODAP and why this makes $QNT one of the most significant and, regarding #crypto mcap, undervalued projects?

Time for a THREAD⬇️


1/ODAP is the protocol for communication between gateways, primarily with an enterprise focus.
So banks, central banks etc. would run a gateway in Overledger Network and ODAP would be the protocol for gateways to communicate with each other in a secure and trustless manner. $QNT


2/ #ODAP Interfaces are the open source connectors that will connect a gateway to #blockchains and any existing network / API. That is based on the standards from work done at ISO TC 307 which 57 countries are working towards.
$QNT CEO Gilbert Verdian is the founder of TC307.


3/We know from the submitted drafts via #IETF (the Internet Engineering Task Force) $QNT is working on #ODAP with:

✅@MIT

✅@intel

but, there’s more to the story as we found out from Gilbert that US Government, Juniper, payment and telecom companies are also there.


4/So how it all started with #ODAP?
Let’s go back to $QNT CEO Gilbert Verdian’s interview with Santiago Velez on #RealVision (October 14th) and try to put all the pieces of the puzzle together.
I’ll forward his words ⬇️

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