Two cardinal sins in bitcoin:
1. Not being bullish enough on bitcoin.
2. Being too bullish on bitcoin.
Discussion
One should seek to be medium bullish at all times.
Explain 2...
โSupercycle! It will never crash again!โ
I have lived through number 2, it is real, I have less than half the sats I once had because of it. Bear markets rekt me when daily life fiat needs turned into debt and then that debt had to be repaid and the last asset I owned were sats.
The first rule I must always now consider is to survive long term. That means having a plan and being well provisioned for the hard times.
Too โฟullish
My Fascinating Conversation with Plan โฟ https://www.linkedin.com/pulse/my-fascinating-conversation-plan-raoul-pal
Hold up...
What about storing your stack of #Bitcoin in a custodial wallet?
๐ณ been there. got roasted.
I too thought I was smart at one point
Hehe yea. We talk shit about ordinals cuz NFTs but I understand it helps the miners and keeps incentives in place and miners in profits to grow the hashrate, so we good ๐ซ
It comes down to
1) not having enough conviction for your education; and
2) having too much conviction for your education level
As #[2] says
Stay humble and stack sats
following development progress vs price action - helps maintain a healthy level of bullishness and minimizes market euphoria. :)
#bitcoin
The dichotomy of this is so real ๐ ๐ ๐
Wdym too bullish? There is no second best . ๐
Balance in all things ๐