"Buy the dip" is trending today. So is "DCAing." The whole timeline suddenly discovered courage at 60 grand.
Both phrases are still a trader's words, though. Buying the dip is timing. It's a bet that you've spotted the bottom. It runs on adrenaline, and adrenaline runs out.
The Austrians had a better word for what actually builds wealth: low time preference. The willingness to choose later over now, on purpose, every week, whether the chart is green or red. Not a bet on the bottom. A refusal to care where the bottom is.
That's the difference between the trader and the saver. The trader needs to be right about timing. The saver only needs to be patient and to actually hold what he buys.
And that last part is the whole game. Stacking sats into an account someone else controls isn't saving, it's lending. The saver who lowers his time preference and pulls his coins to his own keys is the only one who actually owns the patience he's practicing.
Don't buy the dip. Lower your time preference. Then hold your own keys.
- Zach ๐งโโ๏ธ

