Time is the most valuable asset that we have, and everything we do should be to win back time.
We're in the age of abundance and there are so many things we can do with our time, so judgment is the key skill we need to stay ahead and grow our wealth.
Learn to say no to cheap dopamine hits and choose delayed gratification while building something we truly believe in.
Nice writeup Duo! I totally agree with you regarding BTC. However, I can't help but starting to get increasingly bothered by companies such as Strategy. Today companies mimicking Saylor's flagship are popoing up like mushrooms today attracting *substantial* capital - frankly I truly believe the "original ethos" of BTC is seriously under attack! These companies already hold enough to seriously manipulate the BTC price! Sure, they don't want their valuation to drop *but* the risk is very real. What's your take on this?
Agree and thanks. Public companies with Bitcoin treasuries are the next big bubble with MSTR and Saylor as their flagship.
It will likely end with a spectacular crash. While this is good for BTC price as this bubble grows, it will impact BTC negatively once the crash starts. Just use that opportunity to load up on cheap BTC.
I might be accused for fear mongering now BUT I'm certain that huge players will do the same and end up with even more BTC! I mean these guys are handling amounts of money enough to buy countries by the numbers! I don't have an answer myself, but I've started to really take this into consideration lately. I'll never(?) part with my sats but it's obvious that "retail" is very much replaced by huge corps. Not funny!
Yes, but if you look at the history of BTC, we had worse times in the past. On a net basis this is bullish for BTC long term.
I am not concerned by this, at best it leads to more volatility = opportunity. Big players are here so maybe that will cancel out the ponzinomics of those like Saylor.
Agreed, the 21M cap is the sole reason I'll keep my sats although there may be a heavy bias on "gargantuan holders" mining (chain-control) in the future. We've already seen this being applied "censoring" BTC tx's, BUT, I'd better stop downplaying my sats. The potential is, hopefully, huge :) Thanks, for chiming in Duo.
Time is the most valuable asset that we have, and everything we do should be to win back time.
We're in the age of abundance and there are so many things we can do with our time, so judgment is the key skill we need to stay ahead and grow our wealth.
Learn to say no to cheap dopamine hits and choose delayed gratification while building something we truly believe in.
Nice writeup Duo! I totally agree with you regarding BTC. However, I can't help but starting to get increasingly bothered by companies such as Strategy. Today companies mimicking Saylor's flagship are popoing up like mushrooms today attracting *substantial* capital - frankly I truly believe the "original ethos" of BTC is seriously under attack! These companies already hold enough to seriously manipulate the BTC price! Sure, they don't want their valuation to drop *but* the risk is very real. What's your take on this?
Agree and thanks. Public companies with Bitcoin treasuries are the next big bubble with MSTR and Saylor as their flagship.
It will likely end with a spectacular crash. While this is good for BTC price as this bubble grows, it will impact BTC negatively once the crash starts. Just use that opportunity to load up on cheap BTC.
I might be accused for fear mongering now BUT I'm certain that huge players will do the same and end up with even more BTC! I mean these guys are handling amounts of money enough to buy countries by the numbers! I don't have an answer myself, but I've started to really take this into consideration lately. I'll never(?) part with my sats but it's obvious that "retail" is very much replaced by huge corps. Not funny!
Yes, but if you look at the history of BTC, we had worse times in the past. On a net basis this is bullish for BTC long term.
I am not concerned by this, at best it leads to more volatility = opportunity. Big players are here so maybe that will cancel out the ponzinomics of those like Saylor.
There’s only 21 mil BTC so not much for everyone.
Agreed, the 21M cap is the sole reason I'll keep my sats although there may be a heavy bias on "gargantuan holders" mining (chain-control) in the future. We've already seen this being applied "censoring" BTC tx's, BUT, I'd better stop downplaying my sats. The potential is, hopefully, huge :) Thanks, for chiming in Duo.
All valid, for me 1,5 and 9 resonate in particular, thanks for a nice post.
Solid selection! :)
Which of the 10 points is your favorite and why?
For me it was Trading and building a trading community.