Really interesting point, hadn’t considered this

Got into bitcoin in 2020. All the reasons I decided to start buying then exist today, and SO MANY more. I’m certainly disappointed in the price today, but the case for a permissionless, peer-to-peer cash that can’t be easily confiscated or debased has never been stronger. The world desperately needs Bitcoin. I’m riding this thing to zero (if that’s what it takes), and then all the way up again. Been nostr-only for 2-3 years now too. Also riding this to zero (active users besides me, I guess?)

One thing that made nostr much better for me was following various news accounts. Here’s a few:

Welcome back. It’s nice here

Generally, more selling pressure than buy-side demand. When it wicks down very quickly, that’s levered longs getting liquidated.

I have the same mindset. For me personally, that translated to a 5-year accumulation period where I put all excess cash flow towards a target bitcoin amount. I set this target based on what I’d be comfortable losing, and what I’d be comfortable holding if Bitcoin goes to $1M-$10M+. Once I hit that target, I started then using excess cash flow for other investments and lifestyle upgrades. Enjoying life and diversifying the balance sheet a bit more. But I did maintain a reasonably sized DCA (hourly on Strike) to keep that total Bitcoin number going up. But it’s very small relative to total excess cash flow. This feels like the happy medium to me. And now I have no fear of missing out if Bitcoin moons overnight. At this point, I’m really just underallocated on gold. But I tried accumulating last year during the bull market and it was such a bad experience, I put that target goal on the back burner.

This hurts to read, but I really understand the sentiment. One thing I’d say to challenge you is that eventually humanity will understand the need for a trustless currency that governments can’t debase. That timing may not coincide with the next print. That bag of Bitcoin you’re holding is a utility for the time when you actually need to access your funds, and a call option on when humanity finally figures out why this should be so valuable. It’s a smart way to build a resilient balance sheet. That said, opportunity cost is real and it’s hard to watch 10x+ outcomes on the AI/power craze, not to mention gains in metals.

I love this feature too. Prefer Costco’s product selection but the shopping experience and checkout are just so peaceful at a Sam’s.