Bitcoin is deflationary, which enforces a "Low Time Preference" methodology. Low time preference refers to prioritizing long-term goals and being willing to delay immediate gratification to achieve those goals. Individuals with low time preferences are often more disciplined and patient, and they are more likely to make decisions that are in their long-term best interests.
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In a time where we face a constant flow of distractions, it is imperative to understand how to quickly filter out what gives us meaning and what is just noise. Time is finite. Time is precious. Time will slip through your fingers if you let it. Treat time like the most precious resource by understanding your own personal Life of 5.
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FOMO (Fear of Missing Out) is real, and before you find yourself liquidating your 401k to invest in the next Koala Coin (it's not a thing yet but give it time...), you should comb through the project with a fine tooth comb.
Here are 10 things to assess with every crypto project before you hand over a dime!
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