“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.” — Norm Franz

We will complement Mr. Franz: “Bitcoin is God’s money”. It is a godsend – a measure of value that the financial plutocracy cannot control. And more than that – Bitcoin promotes a principle ‘freedom with responsibility’, against the globalist offer ‘slavery without responsibility’. For a mentally healthy person the choice is clear, but you’d be surprised how many people would rather agree to slavery than learn a simple way to store blockchain keys.

Fortunately, there is a growing number of people interested in how keys are stored and how value is stored through Bitcoin. And more and more often people ask me for advice on when to buy bitcoin. How to recognize that moment? It is not difficult. We will make a small introduction by presenting the good news that has arrived during the past month…

Bank of Russia to integrate crypto assets into its financial system

South Africa classifies crypto as a financial product

FTX bankruptcy likely without cash injection, says Sam Bankman-Fried

Crypto Chaos: FTX Rescue Abandoned

The best news in this series is the demise of the fraudulent crypto exchange FTX. Don't get me wrong, all crypto exchanges are scams, and as unnecessary as banks. Every failure of such an 'enterprise' is good news in itself. But in the context of our story where we have to decide on the best time to buy bitcoin, it becomes especially good.

Prerequisite

So, before you start shopping, you need to fulfill the prerequisite: First thing you need to know before buying – don’t buy until you learn how to store your own bitcoin keys on the blockchain. It’s not hard, it just takes discipline.

If you are a newcomer, in the following texts in Serbian you can find basic instructions on how to store Bitcoin, and general advice applies to all cryptocurrencies. The basic advice is: “Your keys, your bitcoin. Not your keys, not your bitcoin” – never leave the safekeeping of funds to a crypto exchange. Never.

Cold storing Bitcoins on a Paper Wallet (Serbian language only): БИТКОИН: Питања и одговори (III)

Cold storing Bitcoins on a Hardware Wallet: BITCOIN: Q & A IV – Hardware Wallets [eng/срп] БИТКОИН: Питања и одговори IV – Хардверски новчаници

If you open a wallet on your mobile smartphone phone, you should remember a few things: The key that the wallet gives you, and the transaction password that you will determine yourself, be sure to write down on two separate pieces of paper that you will keep in safe and (preferably) remote places. Never expose the paper key to the mobile phone (or any other) camera, do not say it out loud, and if one of your papers goes missing, immediately open a new wallet using the same recipe, change the transaction password and immediately transfer all funds from the compromised wallet.

If you have met this prerequisite, here is how you will recognize the moment to buy: When you hear the media screaming about how Bitcoin is dead, when the biggest fraudulent crypto exchanges start to collapse, and when the price drops below the level of the previous hyperwave – that’s when you should buy!

Now is the time!

For people who do not understand what Bitcoin is, it is extremely difficult psychologically to buy when everything seems to be going down. They, as a rule, mistakenly buy when the value of Bitcoin is at its highest point, fueled by media hysteria about the “unbelievable boom”. At that point, people psychologically expect unlimited growth because they haven’t seen what a hyperwave looks like. At the bottom, again triggered by the wrong reports of the corrupt media, they look to ‘save what can be saved’ and when they need to buy – they sell. That’s why it’s easier to find someone selling at this point than when the value of Bitcoin is moving close to its maximum.

So this is the point on the hyperwave, where bitcoin is bought by smart money and institutional investors:

Goldman Sachs to spend ‘tens of millions’ on crypto investments after FTX collapse

Even if you can’t find anyone to sell you bitcoin right now, it’s important to open a wallet. Central Banking Digital Currencies are inevitable, as is their doom, and bitcoin would be the only way to save your savings. And then, through this Hive.blog platform, you can start filling your wallet by just sending your original texts…