I once met a boomerish individual at the commons at Austin. We had a friendly dialogue, but his end of the conversation was entirely things Michael Saylor had said. I was concerned then, but forgot about it until today.

FYI

The number go down will continue until the nerd rage has dissipated 🫂

Buying bitcoin can be like taking psychedelics. Once you do it, your view of reality will begin to shift, you'll start challanging your own assumptions and those that society imposed upon you. However, if you do either recklessly, or with a aire of having something to prove, you will get your ass handed to you. "Ego Death Capital" is correct.

Over the years I have seen a lot of memes and posts recommending (sometimes commanding) people to go all in on bitcoin (get on zero) or to engage in speculative attacks (go below zero). Many bitcoiners have contempt for financial planners, but however misguided they are in terms of fiat incentives, I have come to realize that they serve an important role for many people. They assess risk from a third person perspective and help to guide the best decisions for their clients. Many of them are just rent seekers or cogs in the ponzi scheme, but many are actually good at what they do. The point is that everyone has different lifestyle requirements and risk profiles. An anon 120+IQ 25 year old psychopath with minimal bills and a car from 1985 may be posting the "get on zero" meme. He is right by all accounts and more power to him. However, when a hard working 80IQ pleb with two kids and a mortgage sees that meme his risk profile is totally different. For him getting on zero could spell financial disaster and he may be more likely to follow the advice. You never know who you're talking to online and none of us know what's best for others. When I talk about my bitcoin strategy I don't tell anyone else what to do. I simply state what I am doing and then I ask critical questions to help the person I'm speaking with to consider their own risk tolerance. Having orange pilled dozens, if not hundreds, of people over the years, I've learned that this approach increases trust, reduces reputational risk, and works better in the long run. All or nothing thinking rarely serves anyone in the long run and trying time the market is like trying to beat the casino. Hodling is not easy. If people embark on that journey they need to do it on their own volition. Just my two sats 🤙

Stacking harder is good. Mortgaging the house has not worked out well historically. View quoted note →

Mega bear case: Silver - $30 Gold - $2000 Bitcoin - $30,000 Not my base case, but if this happened would it sink your battleship?

There are many excellent learning opportunities in downward price action

Two options for the next two years: 1. Paincumilation 2. Valhalla

Are you guys having as much fun staying poor as I am?

This could be the strangest bot I've seen so far View quoted note →

₿looming