In Miami Michael Saylor told me “the only thing you’ll ever regret is selling too early”.

I was already planning to HODL, but goddamn when you’re sitting at a guys mansion and his massive yacht is parked in the background it just hits different ya know?

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lololol

How do no namers like you get invited to the saylor mansion

If I knew I’d tell ya lol 😂

Yeah, sell your mansions and yachts for bitcoin, you can buy them back when you're 80. Low time preference 🧟‍♂️🧟🧟‍♀️

HOW DRUNK WERE HUE, HE SAID COMING TOO EARLY NOT SELLING

Words backed up by a track record are much more meaningful than words alone.

This just hit me too. Saylor is at different level

I'm not impressed by his conviction. He has a yacht and a mansion and a huge stake in a giant successful business. Bitcoin goes to zero and he is inconvenienced a bit, but still richer than I'll likely ever be. He is not actually "sitting on one chair" as he put it.

True conviction is someone who is sacrificing comfort saving with no other assets because they earn so little they can't even afford to diversify.

I'm between the two, like I assume most on nostr are. I'm not trying to talk myself up. I just get tired of hearing about the risks the ultra wealthy took when they really didn't risk much at all.

What he’s really risking is his legacy and the respect of his peers etc…

I don't think he risks nothing. I know that if bitcoin goes to 0 and bitcoiners become laughingstocks, he still has a life many would kill for.

The use of the word “selling” still seems to imply a USD or fiat mindset at the deepest level. Shouldn’t it be “the only things you’ll ever regret is SPENDING to early…”

Nobody says “I sold 20 dollars to get lunch” or “I sold 500K for a house” - Dollars are simply earned and spent.

Selling is thinking of bitcoin as “an investment,” spending is recognizing bitcoin as money.

The tax treatment is the thing that keeps me from adopting that mindset.

Because if I spend bitcoin for lunch I just incurred a capital gain.

Aptly litigious answer, my friend - I see what you’re doing here

Technically if you zap someone you are incurring a capital gain/loss, right?

Yep.

I agree. This is not the mindset of a bitcoiner, but something an investor would say. If you believe that Bitcoin can change the world and become THE money, then why would you even think of selling your bitcoin for fiat (too early). Doesn't make any sense.

Prepare to slay another "hero" some time in the distant future.

I wish someone had a video of him violently shaking me yelling all of the things I can’t say on TV.

That shit was hilarious.

That was hilarious.

Science.

I think I’m going to have to spend 10 percent of my stack at some point this decade for a specific thing that is extremely important. It will be painful but it must be done.