Bitcoin is often viewed as an IQ test, where the smartest investors are expected to thrive. However, the reality is that intelligence alone cannot guarantee success in Bitcoin. Instead, humility is the key to navigating the ups and downs of the Bitcoin journey.
Many smart people dismiss Bitcoin at first by over satisfying their ego. They either refuse to put in the work to study it or decide to stay completely ignorant about it assuming they already know what it is. Some people want to fix Bitcoin their way on their first arrival and realized that they can't fix it, this also makes them upset. They will say things like "Bitcoin won't work because it does not have elssticity" of course that's a projection from what they have learned in the fiat land where money expension is the status quo. Some people just don't like Bitcoin because it takes away power from the banks and the central banks, of course some of these people also work for these institutions.
The journey to success in Bitcoin is not solely dependent on intelligence, but rather humility.
Humility allows you to:
- Acknowledge what you don't know, and understand that Bitcoin is the discovery of money itself. Before Bitcoin everything you've learned about money was potencialy a lie.
- Recognize the limitations of your knowledge and experience, do not try to trade bitcoin using leverage for more money. Don't try to buy altcoins to make more bitcoin it won't work long term.
- Be open to learning and adapting to new information. Put in the work to learn and study what Bitcoin is.
- Avoid the trap of overconfidence and ego
- Make informed decisions based on facts, not emotions
The Bitcoin market is not an IQ test, but a humility test. It requires a willingness to learn, adapt, and evolve. Humility is the key to unlocking success in the Bitcoin space. As the market continues to fluctuate, it's essential to remember that intelligence is not enough; humility is the ultimate currency in the Bitcoin world.