Paging Jay, I think that mindrust needs some n00b-level generalized investing tips about risk management and not being muh mental health! tier weak hands.
I am not even a financial investor, and I know that much.
We had beat some of those ideas to death, it seems to me.
I mean we talked about both psychological and financial preparations, but those kinds of preparations require a decent amount of doing your own homework about your own specifics.. which is a decently difficult task, and a lot of people are not very good at it.. I have been practicing for years, and it is still very fucking difficult for me.
The preparations relate to getting a grasp of each of these personalized concepts: Cashflow, other investments, view of bitcoin as compared with other investments, risk tolerance, timeline, and time available for research, managing funds and tweaking strategies from time to time.
I know that Jay is going hard on you lately, but daaaamn, you need it.
I should probably let off a bit, but since these ideas are posted in a public thread, they become public ideas, and they are concrete ideas and experiences that are shared by a lot of bitcoin HODLers. Probably most of us did not get to HODLing our BTC stash without some decent number of mistakes (even preventable ones) along the way, confusion about the btc and macro (and fuck shit coins) market and even confusion about our own situation and how it might have changed or need to be adjusted based on how the BTC price (or overall macro market) has moved.