The choice is yours right now: follow the herd in some AI stock that will inevitably crash as soon as you pile in, hope the boomers leave you more than 2 shekels, or silently be a rebel and stack sats like your life depends on it.
Lots of “baaing” right now in my timeline. Grown adults crying about the fiat toilet paper price of the only asset that is verifiably and ultimately scarce. All the technical analysts (male astrologists) telling you that Bitcoin is dying, going to $30-$40k.
The answer isn’t brokerage math; it’s the 21 million hard cap supply of Bitcoin. The only thing you need to understand isn’t complicated: 1 bitcoin = 1 bitcoin.
For those who are still stacking hard, here is some other good advice - you don't have to do extra, just keep going. Don't let the vibes get you down, try to smile and realize that you will never get Bitcoin so cheap ever again, and how lucky you are.
My thesis (which some of you have heard) is that retail Bitcoiners who hold a significant (or all) of their BTC in cold storage and are true maxis has peaked. During this time, institutions are getting in and doing so in size. They aren’t crying about technical levels.
This is the time to redouble your efforts and bolster your mental fortitude. Find a way to add a bit more to your DCA. I would argue that now is the best time to be in Bitcoin – if you are a Bitcoiner.
@coryswan Glad you were late to work that day. I still vividly remember watching the news that day as a recent college grad, thinking “what now?” Similar vibes recently but it really hasn’t stopped since 2020.
@markgoodw_in@_DannyKnowles I appreciate your insights and ability to shed light on the risks of the government to Bitcoin. I'm not sure we can stop the NGU crowd but awareness is a good start.