Nostr Web Client

Thanks, Marc. Are you saying basically assume your Bitcoin emergency fund will last half as long as you think it will due to the possibility of bearish price action?

Marc 11mo ago

I wouldn't say "assume," but I am prepared for a 50% drawdown at all times. It's not that I'm bearish, I've just seen it "crash" too many times to not prepare for this.

If it doesn't...Awesome! If it does, It will go back up, but I still have bills to pay.

Reply to this note

Please Login to reply.

Discussion

Marc 10mo ago

To get on zero, you must prepare for price crashes.

"The first principle is that you must not fool yourself and you are the easiest person to fool."

- Richard Feynman

nostr:note1m6gwsu6fz9uzr02sr5233f640xklmjkkxhv584w8putte7656ahqyv6e7d