The good news is that this is often just a phase. It goes like this —

1. Fine out about Bitcoin. See it as a “trade” like any other asset.

2. Try to find a shortcut by buying scamcoins, get rekt.

3. Become a true Bitcoiner, start stacking sats, become perhaps even a bit *too* bullish.

4. Enter Bitcoin purgatory. Put off enjoying life and working hard, listen to too many podcasts, wait for hyperbitcoinization deliverance

5. Realize waiting is a fool’s errand. Start working hard again, enjoying life, and simply save the fruits of your labor in cold hard sats.

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Discussion

This hits close to home!

So true, I’m in between step 4 and 5 now

Me too, been stuck in 4 dangerously long.

Similar to the Gartner Hype Cycle

What is the spirit of bitcoin? 👇

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This is a great breakdown. Currently in stage 5-working 2 jobs, putting 100% of extra money, time and energy into learning how to mine. The human body blows my mind at what it can withstand.

For those stuck in stage 4, get out of there!!!! You flew through the first 4 stages, you have the strength and knowledge to get past the stage.

Incredibly accurate. First accurate description of "Bitcoin Purgatory" is all too real!