Sold my house in 2021 and bought bitcoin at 64k ate the bear market nearly lost it all. Kept buying bitcoin instead of investing my free cashflows back into my business. All for a 5-10% CAGR. So dumb. Im forgetting about bitcoin from here on out and going back to the fiat mine to get back on track instead of drinking the bitcoin koolaide hoping for the big “gradually then suddenly” “hyperbitcoinazation” thats always right around the corner. Listening to this shit for 5 years now and i really cant take it anymore.
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My family thinks im a fucking idiot, my employees that left think im a fucking idiot. My friends think im a fucking idiot.
Maybe they are right
ouch
Bitcoin is volatile and that hurts, I feel you. I think your mistake was that of not making your business a priority.
If you treat Bitcoin like an investment only, then you have to apply the investment lens to it: investing in stocks, bonds, gold, real estate, Bitcoin and whatever else comes to mind is for those people that have no business idea of their own. If you have a business and you think it will work out well in the years to come, then by all means take the cash you have and place it right back in it!
If you're in Bitcoin because you fundamentally understand how the fiat system is basically a system of slavery and you want to do your small part, which could be as small as holding sats in self custody, then you shouldn't be concerned too much about the volatility, which has been a foundational feature of Bitcoin for the last 16 years.
Just take it easy and refocus on your business, you were promised riches by influencers and got nowhere. It happens.