It's weird how complicated people like to make shit. People have been talking about Elliot waves and bitcoin since I started here in 2013. Buy now, sell now, definitely this is what the future holds. Sounds fucking stressful if you ask me. Plus a recipe to end up with 0 bitcoin. I'm sure there are people out there that have made a killing, survivorship bias and all that. Maybe even a couple know what the fuck they are talking about. Still stressful.
With btc the KISS principle has always worked out pretty fucking well, and will continue to do so as far as I can see.
Buy bitcoin. Only sell if you absolutely have to. Like a loved one needs a kidney, or the bank is coming to repossess your house or some shit. In bear markets don't look at the price. Sometimes for years. Chill the fuck out. Don't think you are smarter than you really are, sure as fuck don't think you are smarter than the chaos that is bitcoin price movements.
Buy bitcoin. Don't stress. Don't sell. Don't be greedystupid.
If every chart producing oracle that has come and gone from these pages had done that, there would be a lot more rich forum members. Your charts, models and fancy theories will send you broke. I'll still be here. Once I forgot my password for 3 years. Thank god for JohnTheRipper.
Buy bitcoin. Chill the fuck out.
Nice post. The Bitcoin way...
Matt Odell made the saying "Stay humble - stack sats" famous. It is in the same vibe as your above philosophy.
I admit I never liked the "humble" word in there. Not because I do not think humility is important, but he uses it in a very narrow definition. Humility is something valuable to cultivate accross all domains of one's life. I have failed in many, but I am not done yet.
Still... I kinda like your version better: "
Chill the fuck out. Don't think you are smarter than you really are, sure as fuck don't think you are smarter than the chaos that is bitcoin price movements."