Subnostr

I got lucky, in terms of education and getting comfortable with volatility: my first ever buys were at a cycle high 📉

I stacked my fucking heart out, all the way down. And back up. Rinse and repeat. Wifey was fully on-board: “I think we should buy more today” was often her suggestion ❤️

Imagine selling off your Bitcoin right now just because there’s a little price drop 🤯

The sats I stacked at $70K+ are my most valuable sats - you could perhaps say they are some of my favorites 😉

PS: 1btc=1btc

PPS: I don’t have any Bitcoin

PPPS: idk hodl gfy ily

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Discussion

paulo 1y ago

Buying on the way down is the best because every time you get to buy more and more sats

boston wine 1y ago

I love that feeling

node 1y ago

I love the volatility. So much

Beneath The Ink 1y ago

I had to pay an unexpected bill last week and was forced to pay with my SATs stash.

That hurt

boston wine 1y ago

Ouch. It does. I’m not sure exactly where the right balance is - in terms of keeping some fiat cash on hand for unexpected/costly emergencies - in the short term. Because keeping all your money in bitcoin could mean that you end up spending too much of the bitcoin, if you have to spend on something big during a dip

paulo 1y ago

You need to have a moat of fiat and other assets (if possible) to protect your sats (as dirty as this may sound).

I would not advise anyone to go all in and/or all at once. When someone is still learning and getting used to the volatility, that’s a recipe for disaster.

paulo 1y ago

This is exactly what I mean 👇

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boston wine 1y ago

Exactly.

Some people say “only invest what you can afford to lose” which I think is nonsense because it suggests Bitcoin could go to zero or something.

I prefer:

Only stack the amount that you won’t need to *spend* in the short to medium term.

The exception of course is if your stack is just so ridiculously massive (like 2009-10 massive) that the volatility is a non-issue 🙃

paulo 1y ago

Volatility is life

Beneath The Ink 1y ago

Feels good until you see that bleeding candle from hell.

Though I will say, I don't know if that'll happen this go around. We've been in some tight ranges lately.

boston wine 1y ago

I haven’t experienced a drop where I’ve thought Bitcoin was “dying” or “wouldn’t recover” since I started holding bitcoin. (Which I have never held of course).

boston wine 1y ago

It’s always a stacking opportunity is what I mean to say

paulo 1y ago

I don’t disagree. There’s been some soul seeking moments during this journey.

2018 was rough. There was a violent drop from $19k to $6k that made me feel so sick…. I had never experienced anything like that before.

Then when it looked like we were out of the woods, bang from $6k to $3k to finish the year… 😅🥴🤮🤕

I have vivid memories of that time.

Chaosmagic23 1y ago

Selling now because of a little price drop is the worst thing you can do. I would also say that you are not a Bitcoiner if you think about selling right now.

boston wine 1y ago

Rather than defining a bitcoiner in rigid terms, I prefer to think about how far along on the Bitcoin journey a person is. We all evolve over time.

Similarly, enlightenment is a process - wisdom grows over time as the ego becomes quieter, and we’re all at different stages of this evolution.

We’re all at *this* stage, here and now.

boston wine 1y ago

And also I agree - selling now would be a rough mistake, at least in any normal circumstance

Beneath The Ink 1y ago

Your lucky to have taken the plunge when you did.

I researched it for the first time in 2016 and didn't buy because I thought I missed the boat.

Then I sat on the sidelines for years only dabbling a little bit in 2021.

I just recently got the family on board and we are riding this thing hard now.

boston wine 1y ago

Without giving any concrete timing, I’ll just say I definitely felt very “late” to bitcoin from a price appreciation perspective. I was honestly more interested in the idea of an alternative, self-sovereign currency, as an uncensorable human rights and freedom tool, because I didn’t expect there was much room for additional number-go-up (not that I had ever heard the term NGU, of course).

To then begin studying, and realize how early we are in the adoption process… that was a fucking cool realization.