Thread

🛡️
Thinking it’s “too late” for you to get into bitcoin is an illusion of the ego. Sure you didn’t get in at $6 or even $6,000 and others who did are higher status than you. Put that aside. That’s your ego fucking with you. This isn’t about pride, it’s just about money. We are still early in bitcoins story. $66,000 is still cheap believe it or not. We have 100x left to go at a minimum. Your ego is not your amigo, it’s trying to keep you from riches. Do not listen to it.

Replies (38)

🛡️
HODL's avatar HODL
Thinking it’s “too late” for you to get into bitcoin is an illusion of the ego. Sure you didn’t get in at $6 or even $6,000 and others who did are higher status than you. Put that aside. That’s your ego fucking with you. This isn’t about pride, it’s just about money. We are still early in bitcoins story. $66,000 is still cheap believe it or not. We have 100x left to go at a minimum. Your ego is not your amigo, it’s trying to keep you from riches. Do not listen to it.
View quoted note →
We're definitely going beyond $1M/BTC, for sure. I'm not so sure about $8M+. Some say $20M-40M, and I just can't quite see it. World wealth is at 900T, and if 10% of that flows into just 16MBTC (21M minus generous loss), that's $5.6M/BTC. Maybe Bitcoin makes the world way more prosperous, and then we're at $2000T world-wide, and Bitcoin becomes the dominant form of wealth storage: $2000T * 20% / 16MBTC = $25M/BTC in this unlikely scenario.
🛡️
I had to battle my ego yesterday. Ego was telling me not to stack yesterday because it would increase my cost basis by buying at 62K after the dump. I quickly slapped myself in the face and smash bought. Thank you self for not letting me go full retard.
10x every 5 years may feel too good to be true, but it also feels the same no matter what price or which year you enter the workforce Keep in mind that "x% inflation" felt normal for decades. Same exponential trend; same psychological & social dynamics.
HODL's avatar HODL
Thinking it’s “too late” for you to get into bitcoin is an illusion of the ego. Sure you didn’t get in at $6 or even $6,000 and others who did are higher status than you. Put that aside. That’s your ego fucking with you. This isn’t about pride, it’s just about money. We are still early in bitcoins story. $66,000 is still cheap believe it or not. We have 100x left to go at a minimum. Your ego is not your amigo, it’s trying to keep you from riches. Do not listen to it.
View quoted note →
🛡️
It isn't so much about how much bitcoin you have now, it's about what bitcoin will enable you to do in the future. If you are really worried that you don't have enough "safety cushion" for the new world, maybe you should work on improving your skills so you can continue to be a producer who offers enough value to be paid in bitcoin directly. In other words, you will have to decide if you want to retire and pay others to build things when bitcoin becomes the widely recongized base currency of earth, or if you will be just getting started.
The way I've come to view time spent in #bitcoin (i.e. how early you understood/adopted it) really parallels the way I view time in general. As a child, your time seems more plentiful, and is in may ways the purest it will ever be. But you're completely unaware of the value of time. As we get older we value time more and simultaneously experience increasing theft or consumption of that time. But regardless, the most _valuable_ time we have access to is the present. Makes no sense to compare an hour of time now to back when you were a kid. Similarly lamenting not getting into #bitcoin 8 yrs ago does no good. Do it now. I'm convinced (the plentifulness of your time)*(your capacity to appreciate time) = some constant. So no, you're not too late to start bitcoining. Any more than you're too late to start valuing and respecting your time. Bitcoin's price has gone up, yes. But so has the price of continuing to be unaware and naive. You know better. Wise up. Start stacking.
HODL's avatar HODL
Thinking it’s “too late” for you to get into bitcoin is an illusion of the ego. Sure you didn’t get in at $6 or even $6,000 and others who did are higher status than you. Put that aside. That’s your ego fucking with you. This isn’t about pride, it’s just about money. We are still early in bitcoins story. $66,000 is still cheap believe it or not. We have 100x left to go at a minimum. Your ego is not your amigo, it’s trying to keep you from riches. Do not listen to it.
View quoted note →
100x is probably inevitable at this point. All the cards are out and fiat has had its bluff called by everyone that matters. $7-$10m seems like the number that a rational allocation can get to just with normal or moderately high inflation. In hyperinflation, which is still probably unlikely for USD, the number matters less than just knowing how to use the tool because no one will take USD (nor will they take ETF shares lol) I think there’s a white pill case for $10m and society NOT completely crumbling
I must not fear my ego. Ego is the mind-killer. Ego is the little-death that brings total obliteration. I will face my ego. I will permit it to pass over me and through me. And when it has gone past I will turn the inner eye to see its path. Where the ego has gone there will be nothing. Only bitcoin will remain.
🛡️
💯 Advice to the FOMO panicked - “…I’m too late…” Calm down. Gain valuable skills. Work hard. Produce value that others will pay for - they will eventually pay you in bitcoin. Save what u can in bitcoin. Stay disciplined. Especially for the *young bucks* - u will have time.
This. Let you e go!
HODL's avatar HODL
Thinking it’s “too late” for you to get into bitcoin is an illusion of the ego. Sure you didn’t get in at $6 or even $6,000 and others who did are higher status than you. Put that aside. That’s your ego fucking with you. This isn’t about pride, it’s just about money. We are still early in bitcoins story. $66,000 is still cheap believe it or not. We have 100x left to go at a minimum. Your ego is not your amigo, it’s trying to keep you from riches. Do not listen to it.
View quoted note →