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2025-01-06 11:50:11

daralbitcoin on Nostr: One common trap for #Bitcoin beginners is getting distracted by news 🗞️ or FUDs ...

One common trap for #Bitcoin beginners is getting distracted by news 🗞️ or FUDs (e.g., “So-and-so is buying, someone else is selling, or an event will crash the price—or make it skyrocket”) or trying to play the role of traders.

In my view, the TOP priorities for muslims looking to engage with Bitcoin are:
1. Understanding Bitcoin and its unique value, especially for Muslims: reducing one’s Riba footprint, protecting against inflation, individual sovereignty, reduction of inequalities, etc.
This means investing in your own education! 📖
2. Clarifying your intentions (Niya) and adopting a long-term vision, prioritizing patience (Sabr!!) and reducing time preference.
3. Learning how to use and secure Bitcoin, ensuring a smooth and sustainable adoption 🔐.
4. Undertaking a gradual financial Hijra, by practically and widely adopting Bitcoin within the Ummah and beyond: receiving and making payments in Bitcoin, paying Zakat and Sadaqah in Bitcoin to reach regions where access to money is difficult, etc. ⚡️
5. Innovating with Bitcoin, which enables new use cases that are unimaginable with flawed fiat currencies and the traditional banking system 😎.

Bitcoin is not just an investment; it’s an opportunity for economic and ethical transformation.

#Bitcoin #HalalMoney #Anti-Riba #FinancialHijra
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