From my experience, a big Bitcoin price drop is not a question of if, but a question of when. Big price drops are not unique to bitcoin either. I’ve been investing for over 30 years and everything I have invested in has had a big price drop at one time or another. So what are you going to do the next time Bitcoin has a big price drop? How will you handle it? Let us know your game plan in the comments. If you don’t have a game plan yet, please let us know if you have any questions or concerns. I’ll drop my thoughts in my game plan in the comments as well.

Does anyone know what steps do we take to go from hodl to estate planning . How do we secure it so that it can be safely turned over to our heirs when we pass . Bitcoin is not like a broker account or a mutal fund where we can just add a benifiary and then it can be safely transferred. Lots of people can either be scared of self custody or do not truly understand it

Many times we don’t take action on good things because we don’t understand them. Sometimes things seem to be very hard at first, but then we take action and they start to get easier. Sometimes we need to understand something any more simple way so that we can begin to take action. I see this a lot when I am helping people with bitcoin. There’s something about bitcoin that confuses them so they don’t start buying it. What confused you the most about bitcoin before you bought it?

Have you set up a bitcoin only wallet yet? If so, what was the hardest part about getting it set up? What advice would you pass along to other new bitcoiners to make it easier for them to set up their first wallet?

I made this video to answer questions from @Nancy Gordon, one of our members, here at First Step Bitcoin. In this video clip from this weeks FSB Q&A Podcast, my dad and I go over the pros and cons of both a buy and hold till retirement or financial freedom strategy (don't touch your Bitcoin till you can live on it forever) and a take profits along the way strategy (sell amounts at certain times or at specific prices). If you have questions, comments, or different opinions, please tell us in the comments.