The 4 good intentions for the bitcoin believer in 2020

The 4 good intentions for the bitcoin believer in 2020

The countdown to 2020 has begun. Do you already have good intentions? If the answer is no, then we have a nice shortlist for you. Get your year off to a good start with our good intentions!

Quit smoking

For years it has been clear that smoking is unhealthy. But because it’s so addictive, we can imagine that quitting smoking can be difficult. That is why we have a nice motivation for you.

Suppose you spent 50 euros each month in 2019 on packs of cigarettes. What if you hadn’t spent 50 euros a month on cigarettes but on bitcoin?

Then you bought a total of 600 euros in bitcoin. And that 600 euros would now have been worth 660 euros. You could have used that return of 60 euros for the first three months at the gym ?

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Stop bingewatching

Yes, we know it! Series such as Stranger Things, La Casa de Papel and The Walking Dead are immensely popular. But at the time you were watching an episode, you could have run a run outside. And then we haven’t even talked about the subscription costs of streaming services such as Netflix, Disney + or HBO.

What if you stop using Netflix and buy bitcoin for it every month? A subscription to Netflix costs you 7.99 euros per month, 95.88 euros per year. If you buy bitcoin for 7.99 euros each month, the price now is € 114.50. That saves again!

Save your bitcoin yourself

If you are a hardcore bitcoin fanatic there is also something you can do to get your year off to a good start. We cannot say it often enough, but it is extremely important to manage your private keys yourself.

Your private keys form the access to your crypto coins. If you store your bitcoin on a trade show, the trade show owns these private keys. And that can go well as long as nothing happens with that grant.

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But unfortunately this year alone hackers have stolen 192,820,000 million dollars in cryptocurrency. As long as you keep your coins at an exchange, you remain dependent on the safety of that exchange.

If you use a hardware wallet, you are completely in control of your cryptocurrency. In that case, no one but you is responsible for keeping your crypto coins safe. A hardware wallet does not have to be expensive, the Digital Bitbox is available for as little as € 43.99.

Do not check the rate too often

Cryptocurrency can be extremely addictive. It can give you a kick if the rate rises by ten percent in one day. But don’t let crypto determine your life. Keep your head cool and keep freeing time for your friends and family. If you really believe in bitcoin in the long term, then you don’t have to check the rate every five minutes!

What are your plans for next year?


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