Avatar
Steven Yang
1656f991427da7d437cdec6b8c9a8fa643eb03f2d043297d6e95dded2f2e7e9e
Learning and building conviction with every block.

Yeah, that would be insane.

But chances are slim to none.

Then again, one can dream right 😁

Thinking back to March 2020, I was actually very close to catching the bottom of the last cycle. But being my first rodeo, I made tons of mistakes on the way up, which made me capitulate during the first drawdown in the summer of 2021.

If I had the opportunity to relive the past three years, there are a few things that I would have done differently.

1. I would not FOMO buy as #bitcoin price starts to rip. Instead, I would just set automatic daily DCA purchases. At the same time, I would put aside a portion of my earnings and have them ready for a one time purchase (if the opportunity presents itself).

2. I would not have overextended myself. Instead, I would have bought just enough #bitcoin so that even when the price swings like crazy, I would not be bothered.

3. Instead of just looking at the price everyday, I would spend more time educating myself about #bitcoin. This way, when price does drop, my conviction would be strong.

4. I would go to more #bitcoin related events. They don’t have to be big conventions. Simply going to local meet ups that are smaller and more intimate can help one not only learn about #bitcoin, but also keep one sane when the #bitcoin price makes major swings.

5. I would spend more time away from #bitcoin and enjoy life around me, like exercising and going places with the family. As counter intuitive as this sounds, time away can actually be extremely good.

All in all, thinking about what I did wrong last cycle and learning from those mistakes, I believe I am much more prepared this time around.

We also have #nostr this cycle, which is basically a 24/7/365 #bitcoin meet up in your pocket. I can’t wait to go on the next ride with everyone here!

The format for Hard Money with #[0]​ has really changed since it’s inception, in a really good way! https://youtu.be/ma1qYQdkgEA

#bitcoin & #NOSTR

That is all.

Mine fiat, convert to #bitcoin.

Rinse, repeat.

The cheat code in life.

Gotta collect them all!

There is neither a bull nor a bear market.

There is only adoption.

#bitcoin

Another beautiful day. Trying to enjoy the sun while it’s out. After tomorrow, it’s gonna be a week straight of rain.

💯

It’ll take time. But think about how early we are.

Looking at how things are developing, with new features coming out every week, it’s hard to imagine what this network will be like in a year.

It’s amazing to witness #Bitcoin twitter migrating to #NOSTR.

Recent shenanigans pulled by Elon will probably force even more bitcoiners over here.

NOSTR is essentially all signal, while twitter is becoming worse by the day.

Why is it so hard to find an S9…

Went to Quarry Rock today. What a view.

When Japan says it wants inflation, what they really mean is they want to lower the real value of their current debt.

GM ☀️ PV 🤙

What a nice walk.

The sun decided to come out and play.

Gonna go out for a walk.

Time is money.

Inflation steals your money.

Therefore, inflation is time theft.

Could the FED not increase the interest paid for Reverse Repos tomorrow?

The FED has been increasing the interest rate for reverse repos at the same rate as their FED funds rate. This has been sucking a ton of liquidity into the reverse repo facility.

What if during the FOMC tomorrow, they stopped doing so, and instead started to drop the rate for the reverse repo facility?

This could lead to up to $2 trillion worth of liquidity gushing out into the system.