When I started exploring Bitcoin mining to learn about it, I discovered a huge ecosystem with pools, chip-makers, grid companies, energy producers, developers, companies, open source devices, resellers, hosters, podcasts and educators.

I realised its an ecosystem of its own.

I'm getting similar feels with 'fiat mining' Bitcoin treasury companies and its associated ecosystem of 'financial engineers'. And its much bigger than I thought.

'Retarded' is the only word my mind keeps repeating as I look at it.

But the market is the market and the only winning move is to learn to respect its process

Gotta learn to respect it when it gives, i.e., higher prices, more cash balances in bitcoin, viral marketing for bitcoin

And crucially, also to respect it when it takes, i.e., lower prices, irresponsible bets getting wrecked, potential bailouts, bad press for bitcoin, political interference in the market

After crunching the numbers and observing the market, the following is the best strategy according to me:

Buy when it rips

Buy when it dips

Build a p2p network for buying and selling bitcoin

Maintain adequate LN channel liquidity

Take self-custody

KYC-proof both on-chain and LN stack

Identify the right tools for doing all the above