Bitcoin Hit $118K And You Think You Missed Out? These Long-Term Holders Say The Real Rally Hasn't Even Started

The Education-First Approach That Separates Winners from Losers

Reddit’s Bitcoin veterans emphasize that successful investing starts with education, not trading apps. Recommended reading includes “The Bitcoin Standard” by Saifedean Ammous and “Broken Money” by Lyn Alden. Video content from Andreas Antonopoulos and MicroStrategy CEO Michael Saylor frequently tops recommendation lists.

This educational foundation helps investors understand why Bitcoin matters beyond just price appreciation—its role as decentralized, permissionless money that operates without central authority control.

Security Lessons from the School of Hard Knocks

The community’s security advice comes from painful collective experience with exchange hacks and lost funds. The mantra “not your keys, not your coins” drives recommendations for self-custody wallets like Blockstream Green, BlueWallet, or hardware options like Trezor and Ledger for larger holdings.

Critical security practices include: purchasing wallets directly from manufacturers, generating your own seed phrases, and avoiding anyone sliding into your DMs with “investment opportunities.”

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The Long-Term Vision Driving Current Optimism

Despite Bitcoin’s meteoric rise from pennies to nearly $118,000, believers see current prices as early-stage adoption. Comparisons to the internet in 1998 are common—widespread potential that’s only beginning to be realized.

Price targets of $500,000 to $1 million per Bitcoin aren’t uncommon in these discussions, based on potential global adoption as a reserve asset and inflation hedge.

The Bottom Line for Today’s Potential Investors

Bitcoin’s community offers a clear message: start small, start now, and start learning. Whether Bitcoin reaches those astronomical predictions remains uncertain, but the underlying argument—that digital scarcity has value in an era of monetary expansion—continues gaining mainstream acceptance.

For newcomers feeling left behind, the community’s advice is straightforward: you don’t need perfect timing or perfect knowledge. You need consistency, education, and patience. In their view, that approach has worked at every previous “too late” moment in Bitcoin’s history.

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This article Bitcoin Hit $118K And You Think You Missed Out? These Long-Term Holders Say The Real Rally Hasn't Even Started originally appeared on Benzinga.com