January 10th:

IF YOU WANT TO BE STEADY

"If you want to be steady, side with logic and reason. But if you want to be carried away, then side with wealth and property. For the one is a matter of choice, the other of chance, and while you can choose to be patient, you can’t choose to be lucky.”

—SENECA, MORAL LETTERS, 120.10

Bitcoin-Centered Interpretation: Protocol Rules vs. Market Chance

Do you want to be steady? Then side with the logic of the protocol. Understand the rules of consensus, the difficulty adjustment, the halving cycle. These are matters of reason. Do you want to be carried away? Then side with the market price. Obsess over the daily charts, the leveraged positions, the speculative fervor. This is a matter of chance. You can choose to be a patient holder, accumulating according to a rational plan. You cannot choose to be lucky in a casino. The Bitcoin Stoic sides with logic, not luck.

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