Yes this is so true. It brings a sense of urgency and a calming peace knowing this. I try to explain to my friends, family and business partners how this is The opportunity of a lifetime but not many understand it yet.

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It’s bc they used leverage to buy the top and assume everyone is a fomo idiot like them

There's a lot of different ways to leverage. I think the knee-jerk reaction a lot of plebs have is to things like FOMO'ing into taking out a second mortgage, using loans with Bitcoin as collateral, levered long and short positions, etc.

Basically, the super high risk degenerate options.

I'm leveraged with debt, no doubt about it. I've taken on reasonable (for my situation) debt to expand how much I've been able to stack over the last cycle, and it's been a successful strategy for me so far.

During the next two years I'll shift and focus on drawing debt and risk down, and ramp back up in the next bear.