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What's it called when I no longer think of "buying bitcoin", but now think "selling dollars"? Is this some weird form of autism?

(Thanks nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle for educating about "getting on zero" with nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9)

Higgle 11mo ago

You now measure with a new unit of account. From here on out, prices will continue to fall.

Replying to

Brad Mills

Nanny@blink.sv is the proper address

Higgle 11mo ago

Ahh there it is.. thought for a second you dumped some old shitcoins on granny 😂

Replying to

Theophilus

Jeff, I listened to this interview and you drew a distinction between how you handle your own finances (hodl, live mostly on a bitcoin standard) and how you think about the market as a fund manager.

I’m curious why you wouldn’t apply the same strategies you’d use in your fund to deliver a positive return in your own finances.

I agree that the vast majority of people are better off not trying to time the market. Per Odell, stay humble and stack sats. That’s sound advice.

But you’re an experienced fund manager who is responsible for eyeing liquidity like a hawk and devising strategies to lock in returns and avoid massive/lengthy drawdowns.

Is it a matter of principle? A mix of other considerations?

Higgle 11mo ago

I too operate personally on the Bitcoin standard. I do however have some money locked up in retirement accounts which are in Bitcoin ETFs / MSTR. Jeff got me thinking of setting up some trailing stop losses. Just a matter of where to set them! with the amount of 20-40% drawdowns during previous bull runs, seems like an equal risk of tripping the stop loss then having the price rip 40% in the other direction! What do you think nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l ?