For the last 5 years, I've been a slave to checking the price of BTC. Probably 50 times a day. I'm a recovering day trader lol. Last year, I transitioned to a healthier long term view and no longer trade.

Anyway, over the last few months, I've thought long and hard as to how I could get rid of this nasty habit of constantly checking price (even though I don't trade, the habit lives on)...

Yesterday, I finally broke through and wanted to pass along this thought to anyone it might help!

Imagine a hypothetical phone app. It's very basic. Just one big black button in the middle of the screen. When you press the button, it delivers emotional pain or emotional pleasure. The catch is, for every 21 presses, you'll get 7 "pleasures" and 14 "pains". Twice as much pain. I'm basing this off the concept of loss aversion - "the pain of losing is psychologically about twice as powerful as the pleasure of gaining" (Thinking Fast & Slow - Daniel Kahneman).

Price can either be going up or down (or sideways...but let's leave that alone for now). If price is down, I experience pain. If price is up, I experience pleasure. But the pain always registers twice as strong as the pleasure. Over the long term, these "transactions" will "net" me pain. It's grade 11 math 😉. If I know (and believe) this to be true, and nobody is forcing me to play the game, why the HELL would I continue to play it?!?! Framing it in this way has totally nuked my dirty habit.

I'm still curious about the price (who doesn't love NGU Technology), so I set alerts that will notify me of HUGE price moves (FYI - I haven't had an alert trigger in weeks). So now I either get an alert, or I see price accidently in some news article or something (or when a buddy sends a sweet meme of a green candle blowing through the roof of a house).

Anyway, I hope someone out there finds this helpful!

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Sent you mine 🫡

The supply/demand problem is not likely to be fixed by anyone in power in a meaningful way because it literally gate keeps wealth creation for the rich and powerful.

That’s not true — prices in Halifax and surrounding area have about doubled in the last 5 years. Same with rent. The rest of NS not so much. Although wolfville, and south shore (Mahone bay and lunenberg) have also gone up quite a bit

Wasn’t NS mostly bought out by Germans in the last 2 decades?

And yet here you are posting about nostr and bitcoin lol

Idk - Alberta has real jobs and less government. Market is backed by oil and maintenance of entire energy infrastructure.

I think we're both far along the fiat death spiral AND the supply/demand ratio in Ontario specifically is so out of whack that strong demand continues for years. Mike Moffat's data sets on this are pretty enlightening.

Real estate prices in Ontario are holding up quite well considering high rates. Demand is actually fairly robust.

It will be interesting to see if this continues, as prices have skyrocketed in the last decade and many have called for a crash due to higher mortgage rates.

Debasement kills the working class and in the absence of a dollar that holds its value over time, assets are monetized beyond their utility value. This creates a wealth gap between asset owners and labourers working paycheque to paycheque.

If real estate prices hold or turn up it would be a very strong signal that Bitcoin adoption will accelerate amongst those who’ve feel left behind.

🟣🟠🏡

Thoughts?

Kids found these at the park.

Anybody have any idea what they are?

First guess was snails.

We live in the desert though so I’m not sure.