@robustus
Bitcoin is up 200,000% in the past 10yrs. To hold it for that period, you had to:

- Not sell a 10-bagger (usually a top career investment for people)

- Not sell a 100-bagger (prob life changing)

- Not fall for a scam

- Not get hacked

... 1/
https://twitter.com/robustus/status/1564676713174519809?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
2/
 
- Not have your coins on one of the 50% of exchanges that ended catastrophically before 2015

- Not trade-in your BTC gains from the 2011 bull run for gold in 2012 (worst trade in human history?)

- Not think you "missed the bus" in 2010/11
https://twitter.com/robustus/status/1564676810373308421?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
3/

- Not have your coins in one of the many early "web wallet" services that ended catastrophically

- Not have your coins in some legit biz/service that turned into a ponzi due to mismanagement

- Not forget about your coins, forget your wallet pw, lose your keys
https://twitter.com/robustus/status/1564676926966534144?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
4/

- Not *actually* be "in it only for the tech", causing you to spend 80k BTC on pizza in 2010, hodling nothing

- Not get bogged down in interpretation of Mises Regression Theorem, causing you to not buy BTC despite being active on bitcointalk while Satoshi was still posting
https://twitter.com/robustus/status/1564677167241363457?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
5/

- Not listen to media
- Not listen to academia
- Not listen to politicians
- Not listen to financial "experts"
- Not listen to (probably) your friends & family
https://twitter.com/robustus/status/1564677260988260352?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
6/

- Not fall for "blockchain not bitcoin"

- Not eschew BTC (despite being a gold bug) because you wrote a book about CBDCs & decided that was really the interesting thing here
https://twitter.com/robustus/status/1564677374775533568?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
7/

- Not freak out during the 2016/17 fork wars and sell all your coins because you misunderstood Nakamoto consensus and/or social scalability

- Not get chopped up trying to trade the airdrop with your whole stack
https://twitter.com/robustus/status/1564677501141622784?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
8/

- Not fork off to BCH

- Not catch the CSW mind-virus (is it literally a virus? only explanation, really) and fork off to BSV

- Not rage quit over something about the nature of BTC you didn't understand
https://twitter.com/robustus/status/1564677647719927811?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
9/

- Not decide to pack it all in and go work for an enterprise blockchain company

- Not get depressed & sell during one of the 4 bears when BTC was down 80%+ for months and just sat there

- Not need the money to cover life expenses
https://twitter.com/robustus/status/1564677779899179008?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
10/

- Not overtrade and get nailed by an ugly tax situation

- Not fall into thinking you're a great trader and TA is everything

- Not fall for one of the thousands of altcoins that went to zero

- Not do something dumb with your key setup and burn your coins
https://twitter.com/robustus/status/1564677878758899712?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
11/

- Not throw your old computer in the dump or forget the pw to your encrypted USB drive

- Not be on leverage during the covid crash

- Not give your BTC to an unscrupulous crypto lender

...the list could go on...

Be careful out there

<end>
https://twitter.com/robustus/status/1564678036129284099?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA