"During such scary periods, you should never forget two things: First, widespread fear is your friend as an investor, because it serves up bargain purchases. Second, personal fear is your enemy. It will also be unwarranted. Investors who avoid high and unnecessary costs and simply sit for an extended period with Bitcoin will almost certainly do well."
---Warren Bitcoin Buffett
#plebchain #Bitcoin
"Bitcoin is virtually certain to be worth far more in the years ahead. Innovation, productivity gains, entrepreneurial spirit and an abundance of capital will see to that."
---Warren Bitcoin Buffett
#plebchain #Bitcoin
"If not for their fear of meaningless price volatility, these investors could have assured themselves of a good income for life by simply buying Bitcoin"
---Warren Bitcoin Buffett
#plebchain #Bitcoin
"The ending is always the same: Money flows from the gullible to the fraudster."
---Warren Bitcoin Buffett
#plebchain #Bitcoin
"Indeed, borrowed money has no place in the investor’s tool kit: Anything can happen anytime in markets. And no advisor, economist, or TV commentator – and definitely not Charlie nor I – can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet."
---Warren Bitcoin Buffett
#plebchain #Bitcoin
"Investors, of course, can, by their own behavior, make Bitcoin ownership highly risky. And many do. Active trading, attempts to “time” market movements, the payment of high and unnecessary fees, and the use of borrowed money can destroy the decent returns that a life-long owner of Bitcoin would otherwise enjoy."
---Warren Bitcoin Buffett
#plebchain #Bitcoin
"If the investor, instead, fears price volatility, erroneously viewing it as a measure of risk, he may, ironically, end up doing some very risky things"
---Warren Bitcoin Buffett
#plebchain #Bitcoin
"Bitcoin prices will always be far more volatile than cash-equivalent holdings. Over the long term, however, currency-denominated instruments are riskier investments – far riskier investments – than Bitcoin that is bought over time and that is owned in a manner invoking only token fees and commissions."
---Warren Bitcoin Buffett
#plebchain #Bitcoin
"The unconventional, but inescapable, conclusion to be drawn from the past 14 years is that it has been far safer to invest in Bitcoin than to invest in securities – Treasuries, for example – whose values have been tied to American currency."
---Warren Bitcoin Buffett
#plebchain #Bitcoin
"Though the preachers of pessimism prattle endlessly about America’s problems, I’ve never seen one who wishes to emigrate (though I can think of a few for whom I would happily buy a one-way ticket)."
---Warren Bitcoin Buffett
#plebchain #Bitcoin
"Nevertheless, both individuals and institutions will constantly be urged to be active by those who profit from giving advice or effecting transactions. The resulting frictional costs can be huge and, for investors in aggregate, devoid of benefit. So ignore the chatter, keep your costs minimal, and invest in Bitcoin as you would in a farm."
---Warren Bitcoin Buffett
#plebchain #Bitcoin
"The “know-nothing” investor who stays humble and stacks sats is virtually certain to get satisfactory results. Indeed, the unsophisticated investor who is realistic about his shortcomings is likely to obtain better long-term results than the knowledgeable professional who is blind to even a single weakness."
---Warren Bitcoin Buffett
#plebchain
#Bitcoin
"The antidote to that kind of mistiming is for an investor to accumulate Bitcoin over a long period and never to sell when the news is bad and Bitcoin is well off its highs."
---Warren Bitcoin Buffett
#plebchain #Bitcoin
"Those people who can sit quietly for decades when they own a farm or apartment house too often become frenetic when they are exposed to a stream of Bitcoin quotations and accompanying commentators delivering an implied message of “Don’t just sit there, do something.” For these investors, liquidity is transformed from the unqualified benefit it should be to a curse."
---Warren Bitcoin Buffett
#plebchain #Bitcoin
"Owners of bitcoin, however, too often let the capricious and often irrational behavior of their fellow owners cause them to behave irrationally as well. Because there is so much chatter about markets, the economy, interest rates, price behavior, etc., some investors believe it is important to listen to pundits – and, worse yet, important to consider acting upon their comments."
---Warren Bitcoin Buffett
#plebchain #Bitcoin
"Owners of bitcoin, however, too often let the capricious and often irrational behavior of their fellow owners cause them to behave irrationally as well."
---Warren Bitcoin Buffett
#plebchain #Bitcoin
"Forming macro opinions or listening to the macro or market predictions of others is a waste of time."
---Warren Bitcoin Buffett
#plebchain #Bitcoin
"Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard. If you can enjoy Saturdays and Sundays without looking at Bitcoin price, give it a try on weekdays."
---Warren Bitcoin Buffett
#plebchain #Bitcoin
"I know, however, that I am unable to speculate successfully, and I am skeptical of those who claim sustained success at doing so. Half of all coin-flippers will win their first toss; none of those winners has an expectation of profit if he continues to play the game."
---Warren Bitcoin Buffett
#plebchain #Bitcoin
"But leverage is addictive. Once having profited from its wonders, very few people retreat to more conservative practices. And as we all learned in third grade — and some relearned in 2022 — any series of positive numbers, however impressive the numbers may be, evaporates when multiplied by a single zero."
---Warren Bitcoin Buffett
#plebchain #Bitcoin