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Bitcoin.

Feels like next week we rip higher...#Bitcoin

Of all the things nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a has taught me over the years, introducing me to the band “The Warning” might be the most important! 😁

"Never bet against financial corruption." - nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx on the Blackrock ETF. Brilliant 👌

Replying to Avatar Lyn Alden

Too many people have given Elon a pass. Don't give him a pass.

He's a marketer, not a founder or an engineer. He didn't found PayPal or Tesla; he bought into them early. He's good at selling narratives and equity valuation for perpetually unprofitable companies.

Everything for him is a narrative. His green revolution was a narrative to sell more cars and get more subsidies. His bitcoin purchase was to gain appeal among bitcoin/crypto people in a bull market. And he shilled doge like a dumbass. His SpaceX narrative is to get money from the government.

His rooftop solar thing was an outright scam; the technology isn't ready and went nowhere because of that. His full-self-driving-in-an-intermediate-term timeline was a scam, and is going nowhere because of that. He makes scams to draw people and capital in, because for him it's all about narratives and equity valuation.

And then he dug unproductive holes, suggested unproductive hyper-tubes, built meme flamethrowers, for what? It's a narrative, not a business. None of this is real productive shit to make peoples' lives better.

His latest "we need free speech" narrative was a scam too. He tapped into something real, which is what marketers do and why it kind of worked. Yes, we need free speech. Yes, Twitter had censorship issues. He saw that and jumped on it maliciously rather than productively.

But what did he replace it with? He replaced it with arbitrary journalist censorship about his private jet, arbitrary censorship of Substack, selective Twitter Files release, won't talk seriously about any of his China connections because Xi Jinping fucking owns him economically there like Jack Ma, has his balls firmly in his grasp, etc.

Elon's playing the narrative, the anti-woke meme of the day. He's a master meme-momentum-player. Don't fall for it.

Lyn, you are a fucking boss. The value you provide to the BTC space is second to none. Ride or die.

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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