Sam Price, well known as Crypto Lifer, says there is one major reason people aren’t buying Bitcoin. They don’t understand it yet – it’s not a coincidence.
“They really don’t want people to get an education in Bitcoin,” Price told Rob Nelson at the Testree Roundtable. “You have to do some kind of deep dive to find it. You need to want it. You have to go to YouTube. And you’re not going to get it on CNN or on mainstream.”
With Bitcoin hovering nearly $87,000, many people still believe they are out of the market. But Price says it’s a myth that needs to break. “You can buy 0.001,” he said. “You can buy a very small percentage. That’s called Satoshi.”
Rob Nelson agreed, adding, “People are always saying that to me. ‘I can’t afford Bitcoin.’ I don’t have to have $87,000. ”
Instead of trying to timing the bottom, Price says it’s about being consistent and thinking differently. “I made a large portion of my profits in Bitcoin over a period of five to eight years. I just accumulate, accumulate, buy a little. $200, $300.”
“When the fear is high, I tell everyone that you have to go – I’m not a financial advisor, but you never get in. You don’t have to,” he added.
Prices also highlighted the importance of financial education outside of traditional media. “People become organic news, right? “That’s why I’m doing YouTube, because YouTube has given me so much. Thinking, subconscious theory, how to push yourself, how to change tax brackets, how to get the right accountant – all of these are available on YouTube.
What’s Price’s final advice? Do not sit on the sidelines.
“If you didn’t miss the boat, or you didn’t get it… you’re there now,” Nelson said. “This is when you buy.”