My Bitcoin strategy - Embracing simplicity
ATH soon and beyond?
Bitcoin is not an investment for me. It is a savings technology. It is also plenty more than just an “investment.”
Political movement?
Promotes peace?
No CEO
Bitcoin is open for everyone
Decentralization
Resistance to Censorship
Liquidity 24/7 in pocket
I have total control.
Innovation
It can be anything you want it to be. It forces you to question everything.
Why Bitcoin? I hope for a better planet; that’s it.
If you are a trader, Bitcoin is a beautiful asset. You have the retail FOMOing in and the crazies like me holding forever and buying no matter what. Abuse this. I have a very hard time predicting what Bitcoin will do next since it is more of a religion for me. I have tried to paper trade Bitcoin multiple times but always ended up in huge losses. If I buy Bitcoin, I don’t do it with the goal of buying lambos and making more money.
It is more than just an investment.
My goal is never to sell Bitcoin. The peace of mind it offers for me is priceless.
Does the chart look healthy? No
Do we have mania? In many ways, we do.
The believers are attacking everybody on social media “I told you so” (Bitcoin maxis).
Overly optimistic predictions? 150k? 300k? 600k?
The suits who work for the bald man are announcing that they still don’t understand Bitcoin.
We just touched ATH, and then it dumbed 10k — classic Bitcoin. The suits who work for the bald man are announcing that this proves it is just 100% speculation and Bitcoin is not savings technology.
It is a casino.
The gamblers want a bull market, and they will get it. There is enormous concentration on going, and for me, it tells everybody is clueless about “what is value”. The companies whose stocks have done well are solid and beautiful businesses, but are they overvalued? Is the rest of the market undervalued, or are the companies just shit?
Conveniently, we scream that the S&P500 is ATH, and Bitcoin is soon ATH. Sure, in nominal values, but inflation-adjusted? We want a bull market so bad. It's not a long time since everybody screamed, “Recession is coming.”
Everybody is so bullish now? (This is bearish)
In Finland, on the other hand, analysts,small investors, and house owners are holding onto the hope that the relaxation of interest rates will solve all our problems, and then it will be magically okay. If you are in this camp, you will be utterly fucked. You deserve it.
What is value in the future? It's hard to figure out, so we have bubbles from time to time. I still find value in Bitcoin; it's easy to understand and superior to gold (9% of gold’s market cap).
Have a plan - why do you invest?
For me, the goal is to safeguard myself against institutions' unpredictability and stupidity. Is there a better way to achieve financial autonomy and insulation from madness than Bitcoin?
I also participate in small bets to the world's biggest casino, the stock market, nowadays.
The majority of the participants seem to have no plan at all:
Let’s get rich fast!
Things are so shitty, so I have to gamble to get by…
On the other hand, we also have masochists of “value investors,” at least here in Finland, who celebrate gains of -3%. “This is the right way”. Whatever makes you happy and a plan is ten times better than no plan.
I abuse this idiocy — perhaps you should abuse Bitcoin tulip mania. Abuse mispricing of undervalued and wonderfully performing companies at low prices. Abuse the overconfidence of talking heads. Abuse the herd mentality. Abuse crypto-mania
Remember, no medals are awarded for doing the “right thing.” The Same goes for the Bitcoiners. This is a ruthless game—be obsessed with it. Do not let your emotions, whether greed or hope for a better world, control you. At the bare minimum, recognize the irony.
What is your end game? Quick profits or lasting value?
