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 — unemployed or dependent on others. 2. Those who work for others — earning wages by building someone else’s vision. 3. Those who own competitive businesses — earning marginal profits in crowded markets. 4. Those who own innovative or dominant businesses — 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