Lesson
I bought bitcoin under $500
I held it until 2021 at which time I put it into blockfi to take a loan against it, to use some of the gains without selling.
I was margin called and added more bitcoin for collateral
I lost ALL of my stack in 2022/3
If you’re panicking now, you’re likely:
1. Overexposed relative to your volatility tolerance.
2. Overleveraged.
3. Lacking conviction or understanding in bitcoin’s fundamentals (unchanged).
Bitcoin is a trap.
Once it hooks you, you can't get enough of it.
You rush to get as much as you can. You sacrifice parts of your life to stack sats because bitcoin is the way off the fiat hamster wheel.
One day bitcoin will pump to oblivion and change your life. If you sell now, you'll miss it and you'll regret it forever because you KNEW it would.
Congratulations, you just trapped yourself.
Bitcoin taught you that the fiat system was stealing your time and your money. Then you handed your time over to waiting on a price chart?
You need bitcoin to get off the fiat hamster wheel, but bitcoin can't do that for you.
Betting on Bitcoin has to still mean betting on yourself.
Im old enough to remember when we were promised:
• the DOGE checks
• tariff checks
• the Greenland hospital boat
• 10% APR on credit cards
• my meds being 1500% cheaper
• $2 gas
• the Epstein files
• reopening the Strait of Hormuz that was already open
• cheaper groceries
• ending wars in 24 hours
• the “privately funded” ballroom
Oh and the Fort Knox Audit
Am I missing any?
The 20 millionth Bitcoin was mined two months ago.
There are 8 billion people on earth and only 1,000,000 BTC left to be issued over the next century.
If you don’t feel the urgency yet, you aren't paying attention.
Awwww someone just knocked on my door with the prettiest, most fragrant bouquet and I was like, “flowers! For me?!” 🥰🥰🥰
And then I realized he had the wrong address
😢😢😢
Oh well
@DoSomething_G I’m not posting much cause I don’t have much to say.
I don’t know you and don’t want anything from you.
But I like both breakfast and flowers 💐 why choose?