The biggest secret to bitcoin: sit out a bull market. I’d be about 2x better off if I had sat out prior bull markets. I purposefully sat out last bull market.

Now it seems as if I’ll never have to work again. But I’ll probably keep working until 1 year salary won’t buy another whole coin.

We shall see.

Reply to this note

Please Login to reply.

Discussion

By "sit out" are you referring to not buying during that time period? Most likely to stack cash for when the next bear inevitably arrives?

Not selling. Sitting out a bear market would be not buying.

Gotcha, appreciate the explanation 🙏. Planning on sitting out the next too bulls ATLEAST

Once you get your cost basis to zero, it makes it easy to ignore the price swings.