4 year bitcoin returns and sharpe ratio still near all time lows.

@River spread is steep. Not only the 1% fee but an extra 0.5%+ from how much your bitcoin is “worth” on their exchange view to what they sell for.

Traditional markets will succumb to bitcoin. We shouldn’t apologize for that nor should we pretend traditional markets will be / should be happy with the transition.

Every bitcoiner should read this book.

@HODL @ODELL no bitcoiner in any prior bitcoin class has held this long without experiencing euphoria. We experienced the 80% drawdown. Class of 2021 hodlers are the real ones…here not for the gains but for the freedom.

Flew too close to the sun this cycle. Got a little greedy, forgot to be humble (or chose not to be), and now I am stressed for bitcoin to bail me out. Lessons learned, regardless how it turns out. But I’d really like for it to turn out a certain way.

My dad told me yesterday that bitcoin is worthless. Last time he said that was $16k. So we have that going for us.