HODLing is a psychological battle with yourself. How much pain and scorn can you handle from the normie world? What is your pain tolerance for sustaining your HODLer conviction through big 50% or even 80% drawdowns?

Are you willing to think independently and ignore TradFi influencers who preach about being allocated to govt bonds or stock indexes or trying to be a property mogul?

If you do it correctly, you are richly rewarded for HODLing over time - both financially and mentally. If you do it poorly, you risk selling during the drawdowns or hard times.

Primal is really smooth these days.

THIS NOTE IS ONLY INITIALLY BEING PUBLISHED TO MY PERSONAL RELAY. NOSTRICHES WILL FIND IT AND SPREAD IT AROUND THE NETWORK. IT'S BEAUTIFUL. WHY? THIS IS HOW WE BEAT CENSORSHIP. THIS IS HOW WE WIN. DECENTRALIZATION POWERED BY THE OUTBOX MODEL.

Look I do not see this happening it is just launched to activate voting pools. Campaign strategy. However the fact that it has been brought up in the US blows my mind. The reason why it was brought up to appeal to a certain group of voters in the US just scares the living daylights out of me.

What is this socialism current going on, learn history. It did not work. Half of the world failed due to it. The President of the US was called back then: Leader of the Free World.

On twitter I think before I post.

On Nostr I just post.

Happens organically, feels like there is something less at stake, I don’t know why that is either.

It’s very liberating in a way.

Cold storage in a boating accident remains the standard!

Unrealized capital gains 101,

You bought 1 bitcoin in Sept 2024 for $56k.

By the end of the year, it's valued at $100k, but you didn’t sell, leaving you with an unrealized gain of $44k.

Under a proposed tax plan,

you owe $11k in taxes (25% of $44k).

But you didn’t sell, so you don’t have the cash.

You pay the taxes out of your savings.

You continue to hold until August 2024, and Bitcoin drops to $30k.

You LOST $26k on the bitcoin,

PLUS you paid taxes on the $44k of “gains” you never actually realized, since they disappeared.

Initially, the tax is aimed at $100M+ portfolios, but it sets a precedent.

Eventually, it trickles down to everyone.

Now, every bitcoiner is at risk of paying taxes on assets they haven’t sold.

People stop buying Bitcoin.

Adoption "slows"

Look, it’s pretty simple:

If the state can identify you, it can target and kill you.

Doesn’t matter why, it just can.

There is a reason Satoshi was anonymous and why bitcoin isn’t an LLC.

That’s because if you don’t have a physical space or identity to be located, the state can’t physically or economically harm you. With cryptography, you actually have a shot at hiding from the state, and building things that they cannot stop.

Day 134 of buying $1 worth of BTC everyday as part of a long term social experiment to see how BTC performs against the USD as well as a historical record. I want to find out if “stacking sats” really was beneficial.