MonkWealth

[MonkWealth @MonkWealth]

Investing is allocating an adequate amount of resources into something we understand, usually long-term, and expect a risk-adjusted return in the future not solely due to luck.

How to be successful at it?

[THREAD] ⬇️⬇️⬇️

[MonkWealth @MonkWealth]

@LayahHeilpern It was unnecessary.

[MonkWealth @MonkWealth]

If you lost money in:

- Celsius
- FTX
- BlockFi

... it's your own fault. 📉

The solution? 👇

[MonkWealth @MonkWealth]

As long as you're fascinated by money, you won't become wealthy.

[MonkWealth @MonkWealth]

Don't measure prices in FIAT.

ETH/BTC is close to the ATH.

Selling #ETH for #BTC is similar to if you've done it in the peak in November 2021.

The question is, do you understand that 1BTC==1BTC?

#Bitcoin #Ethereum

[MonkWealth @MonkWealth]

Becoming a #millionaire is almost a guarantee if you're living in a first world country and are under 40 years.

Aim higher.

[MonkWealth @MonkWealth]

@davidgokhshtein Of course.

Previously, it had a market fit.

Now, it's just something you can trade.

[MonkWealth @MonkWealth]

@carlmoon 2024 most probably. 2025 100%.

[MonkWealth @MonkWealth]

@worksleepn @RealFrugalMogul An a priori dismissal of my articulation doesn't make deadweight loss untrue.

You're free to choose to be less educated. You're free to respond cynically. I'm free to not engage further.

[MonkWealth @MonkWealth]

@worksleepn @RealFrugalMogul It's your job to educate yourself. You won't find handouts here. :)

Hint: Start by re-reading the original post. Then, understand the concept of "deadweight loss".

[MonkWealth @MonkWealth]

@worksleepn @RealFrugalMogul I was born in a third world country.

Regardless, my argument goes beyond how any single person feels (that includes you and me). Government intervention lowers the overall benefit to society - this is a fact.

[MonkWealth @MonkWealth]

🔥 #BTC above its ATH 📈

Enjoy the ride! 🚀

[MonkWealth @MonkWealth]

The best buys are done when you feel it's the wrong time to do them due to fear of a continuation of a downtrend.

Unless you DCA ofc. Then you just do it.

[MonkWealth @MonkWealth]

I would be terrified if I hoped some government will take care of me if/when I fail or get old.

[MonkWealth @MonkWealth]

⛔ Warning: ❗

👉 Gaining more than basic understanding of cryptocurrency will make you anxious about the trust we have in the financial system we were meant to rely on.

.

#btc #cryptocurrency #blockchain

[MonkWealth @MonkWealth]

I'm not sure what is preventing me of going all in in crypto...

[MonkWealth @MonkWealth]

Start early, invest regularly, and enjoy lifelong gains 📈

[MonkWealth @MonkWealth]

@carlmoon The law of supply and demand won't allow it to not sky rocket 🚀

The only way it doesn't go to the 🌙 is if the demand dies. Highly unlikely of course. 📈🔥✅

[MonkWealth @MonkWealth]

Investors, don't fear the "second wave". Everyone expects it to happen.

The market doesn't react to certainties.

The "election cycle" is another thing though...