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Here’s a fun bear market story.

I was on a zoom call with two bitcoin friends when bitcoin was at $17k.

One friend a millionaire, the other a billionaire.

The millionaire was talking about buying bitcoin, but was anxious and wondering if he should wait for lower prices “what if it goes to 12k??”

The billionaire goes, “put a big slug of your money into this thing right now in the next hour. I just did.”

The millionaire goes “fuck, ok. I guess I will”.

The lesson?

The billionaire made his decision quicker and more aggressively than the millionaire. He didn’t wait around for anyone else’s opinion or approval. He acted with haste and encouraged others to do the same.

231❤️22🤙24🚀3❤️2👀1💜1

chancellor · 109w

nostr:npub13p8wadwp8xtqrgeas2urzz0vh3z5pd4ee5sgqd7zt72zzdj6elnstte75v

Askater · 109w

Because billionaire had fuck you money

The only real regrets I have are when I abdicated my decision making to someone else

Marcelinho · 109w

how do we get those with a low income or any big saving to stack sats?

El Guirri · 109w

Time, reading, learning, understanding are all required for conviction. Once achieved, decision making time reduces. Dunning Kruger effect can cause both over confidence prior to true understanding and also a lack of conviction if not recognising arrival. Be aware of where you are on the curve!

Stories that didn't happen

Reversible decisions can be made quickly, irreversible decisions should be made slowly. It’s much more important to be able to recognize and seize opportunity. That’s what I think the billionaire did, rather than just acting quickly. If the millionaire had waited another week until it was $18,00...

Bigger question is why do these guys talk to you ? J/k really enjoyed you on walkers pod

Escape velocity principle is why most people don’t invest and stay relatively poor: if you have a small amount to invest you feel you have to bet it all or it won’t make any difference. And so you always worry about timing or that you might lose it all. So you end up not doing anything. The key...