Whenever you create a new Bitcoin only wallet, the app you use to create the wallet will give you a recovery phrase. A recovery phrase is a string of 12 or 24 words that you can use to install your wallet on another device or to reload your wallet to the device you’re using now in case there is a problem. It’s important to take good care of this phrase to make sure you can always get to your Bitcoin How do you take care of your recovery phrase? Do you write it down? Do you engrave it on a metal wallet? Do you use a metal wallet with tiles? Or do you use another way to keep it safe?

Share ONE thing you learned this week about: • Bitcoin • GoMining • Building income online Then reply to the person above you with praise, clarification, or help. Teach one. Learn one. Let’s build entrepreneurs in layers. ⚡

I think we've all felt worried at some point when Bitcoin has taken a big drop in price. Is it going to bounce back like it has in the past? Is Bitcoin still healthy? Is this really where I should keep my money for future financial freedom? I still feel worried when Bitcoin drops even though this is my fourth cycle. I mainly worry for people who I’ve gotten to buy Bitcoin. I want them to stick it out so that they get the great long term growth Bitcoin will give them. What would you tell a friend who is panicking and wants to sell their Bitcoin?

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According to multiple analysts and indicators like the 2-year MVRV Z-Score, Bitcoin has reached historically oversold levels, surpassing those seen in the 2018 and 2022 bear markets. This is based on the metric's reading, which indicates most holders are experiencing unrealized losses,* a condition that in the past has preceded major cycle turning points and potential trend reversals. MVRV Z-Score: The MVRV Z-Score, which compares Bitcoin's market value to its realized value, has fallen to its lowest point ever. This suggests Bitcoin is deeply undervalued and most of the market is holding unrealized losses. Historical Comparison: The current level of oversold conditions is even deeper than what was seen during the 2018 bear market bottom and the 2022 FTX collapse. Potential for Reversal: Historically, such extreme oversold signals have marked major turning points in Bitcoin's market cycles, potentially signaling an upcoming reversal or rally. Market Psychology: Analysts note that this situation is often accompanied by fear among traders, even as data points to extreme undervaluation—a classic case of market psychology at work. * You only experience a loss if you sell at a low point instead of holding.