Epistemology > ideology Don't believe what you can know. Don't fixate what will remain uncertain.
Apparently the next cast iron pan discussion in our #bitcoin bubble is raw milk cheese. So wen raw milk cheese USA? image
I remember last time #Bitcoin went up sharply. I was mostly marveled by the hesitant accuracy of the bullish predictions. I remember thinking "next time I should buy some calls".
Technological advancement is extremely hard to halt over the long run, because knowledge builds cumulatively and diffuses across societies. As technologies mature, the marginal cost of reproducing information, designs, and even many physical goods tends to decline toward zero, driving continued innovation and adoption.
There are four types of people when it comes to making money: 1. Those who are not yet earning โ€” unemployed or dependent on others. 2. Those who work for others โ€” earning wages by building someone elseโ€™s vision. 3. Those who own competitive businesses โ€” earning marginal profits in crowded markets. 4. Those who own innovative or dominant businesses โ€” earning high profits in markets with little or no competition. #Bitcoin mining is #4
Today marks a decade since I stopped selling my time merely for the upkeep of my existence.
Strategy > moralism Fight me. #mindset
Whale strategy: Step 1. Dump #bitcoin Step 2. Load up on deep OTM calls Step 3. Buy as much bitcoin as you can right before expiry. Step 4. Collect on ITM calls
Do you think it's just a matter of time that market makers will need to start buying #Bitcoin to prevent getting margin called? Wtf is absolute scarcity anyway? ๐Ÿคทโ€โ™‚๏ธ
Pain is the basis of good character. Suffering is the result of bad character under the influence of pain. #mindset