The Depth of Bear Markets

SALtoshi Whitepaper #120

Fellow humans,

Enduring bear markets is no easy task, which might explain why most people never seem to have enough bitcoin during bull markets. Think about the large number of people who were buying last year, and have since stopped. Most people likely ignore bitcoin while the market is down, and then jump back on the hype-train during all-time highs — not a good strategy. People who only buy during bull markets will never maximize their potential to stack as many sats as possible. Also, they’re obviously only involved for the profits, which is not the point of Bitcoin.

Bear markets are not only the best time to buy bitcoin, but also fantastic opportunities to focus on going deeper into the rabbit hole. The dust has settled from the raging bulls ravaging the market, so now we have clear skies and smooth sailing until the next bull run. Those willing to understand Bitcoin (while stacking sats) will no doubt be ahead of the competition in the future. Someday we’re going to wake up and realize the whole world is operating on a Bitcoin standard. Possibly without warning. Communication is already on a digital standard. Money is next. You’ve been warned.

We’re innovative creatures, always searching for ways to create and build. We’re opportunists, seizing potential (make sense?) on our path to success. If you’re not somehow involved with Bitcoin right now, then you’re not maximizing your own financial potential, and you might deserve to fail. Bitcoin is the strongest, most resilient, monetary network on the planet. Maybe aliens have better money than us, but no earthly money is better than bitcoin, which means we should be working to earn bitcoin (sats) instead of dollars. Also, the potential market cap is limitless, which is a plus. Stacking sats is the best investment strategy of our time.

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“Fort Worth is the first city in the U.S. to mine bitcoin, and will run mining rigs out of city hall” — CNBC

• The foundation is shifting beneath us. Part of the U.S. Government is literally mining bitcoin. What happens when more people wake up and smell the coffee? Once somebody is convinced to adopt Bitcoin (orange-pilled), there’s no turning back. However, nobody is coming to make sure we’re properly transitioning from fiat to Bitcoin. Be ambitious, and dig into some resources.

Fort Worth Mining Rigs

Fort Worth’s operation is clearly small. However, the first step has been taken. Other cities all over the country are inevitably going to notice, and most likely follow suit. People are beginning to realize (on a large scale) the risk/reward balance of pursuing Bitcoin. The risk of mining bitcoin in America in relatively low, compared to other nations. The risk of owning bitcoin all over the world is always low. The rewards for both are beyond my imagination.

Part of me thinks he recorded the video for himself, as some sort of self-motivation or reminder. Everybody needs a little push every once in a while. Buying bitcoin during the depth of bear markets is respectable and worthwhile. You’ve been wanting to improve your financial situation for a while. I was the same way. Everybody has their breaking point. Mine was 2018. Yours could be 2022. Do the work.

Until next time,

Salvatore Norge

P.S. — Bitcoin is not “crypto.” Crypto is basically fiat currency. Bitcoin is Bitcoin.

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“Keep falsehood and lies far from me; give me neither poverty nor riches, but give me only my daily bread. Otherwise, I may have too much and disown you and say, ‘Who is the Lord?’ Or I may become poor and steal, and so dishonor the name of my God.” — PROVERBS 30:8-9

I’m not very wise. Never financial advice. Do your research.