Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
Well, sorry to hear about your earlier losses of coins, and I hope that your earlier losses of coins did not contribute towards your becoming a more whimpy BTC accumulator. There are quite a few of us who had made mistakes at various points in times in regards to our building and/or preserving our BTC stash..
he
Another thing is that I hope that you are not too distracted by XRP or other shitcoins that are likely showing a lot of other folks are distracted to the extent that they believe in those various shitcoins, and so the fact that so many shitcoins continue to get pumped and we even hear retarded people (even seemingly smart people) talking about shitcoins as if there were some kind of meaningful value proposition, shows that there is a lot of asymmetric information out there and if you know about bitcoin and its value proposition, it seems best to continue to try to stack as aggressively as you are able to until you get to a point of overaccumulation.
And yeah governments, institutions and status quo rich folks are learning more and more about bitcoin, yet we are still early because a whole hell of a lot of them are still distracted in regards to various supposed value propositions of shitcoins. So a lot of them have to go through the shitcoin phase and the dumbass ideas in which they don't really understand bitcoin before they are able to really focus on bitcoin...and yeah, sure some of them actually get it, but a lot of them are still distracted and following dumb shitcoining momentums of Trump and some of the other shitcoiners in his circles.
Until you get more than enough bitcoin (which seems you are not yet at that place), then it is best to stay focused on consistent, persistent, ongoing and perhaps even aggressive buying of BTC, and not fucking around trying to trade (since selling is not a way to be sure to accumulate more bitcoin) or get distracted by shitcoins or what others might be doing... sure you are already in a better place than a lot of people if you have some bitcoin, and you are even in a better place if you can focus on stacking sats while others are spending time waiting for dips that might not happen, and surely waiting is not any kind of investment strategy, unless you have already reached a status in which you have too much bitcoin, then you would be in a better place to wait, as long as you have not mis-assessed your own over-accumulation level, which a lot of guys make that mistake too, and come to believe that they have enough or more than enough, when they actually are lying/deceiving themselves because they are waiting rather than ongoingly buying as they should be...but yeah, in the end each of us makes our choices, and we have to live with the consequences, including choosing to wait versus buy is a choice.
he
Another thing is that I hope that you are not too distracted by XRP or other shitcoins that are likely showing a lot of other folks are distracted to the extent that they believe in those various shitcoins, and so the fact that so many shitcoins continue to get pumped and we even hear retarded people (even seemingly smart people) talking about shitcoins as if there were some kind of meaningful value proposition, shows that there is a lot of asymmetric information out there and if you know about bitcoin and its value proposition, it seems best to continue to try to stack as aggressively as you are able to until you get to a point of overaccumulation.
And yeah governments, institutions and status quo rich folks are learning more and more about bitcoin, yet we are still early because a whole hell of a lot of them are still distracted in regards to various supposed value propositions of shitcoins. So a lot of them have to go through the shitcoin phase and the dumbass ideas in which they don't really understand bitcoin before they are able to really focus on bitcoin...and yeah, sure some of them actually get it, but a lot of them are still distracted and following dumb shitcoining momentums of Trump and some of the other shitcoiners in his circles.
Until you get more than enough bitcoin (which seems you are not yet at that place), then it is best to stay focused on consistent, persistent, ongoing and perhaps even aggressive buying of BTC, and not fucking around trying to trade (since selling is not a way to be sure to accumulate more bitcoin) or get distracted by shitcoins or what others might be doing... sure you are already in a better place than a lot of people if you have some bitcoin, and you are even in a better place if you can focus on stacking sats while others are spending time waiting for dips that might not happen, and surely waiting is not any kind of investment strategy, unless you have already reached a status in which you have too much bitcoin, then you would be in a better place to wait, as long as you have not mis-assessed your own over-accumulation level, which a lot of guys make that mistake too, and come to believe that they have enough or more than enough, when they actually are lying/deceiving themselves because they are waiting rather than ongoingly buying as they should be...but yeah, in the end each of us makes our choices, and we have to live with the consequences, including choosing to wait versus buy is a choice.
Good point, mate. I agree; I learned a lot from those losses early on and it has helped me with my approach to BTC accumulation now. The thing about altcoins is a lot of noise. But you reminding me about the long term value proposition of Bitcoin helps me to stay discipled in consistent stacking. There is a lot of asymmetrical information in this space and as you said, most people must pass through the 'shitcoin phase' to understand what bitcoin really is. I’m working on keeping the focus on BTC and not to get sidetracked. Thank you for the reminder, I will keep stacking sats and building for the long haul!
