Sunday, March 14, 2021

Get your head in the game

The general mood around here is not NEARLY bullish enough about this once in a species event - the transformation of value from physical to digital will only happen once and you're alive to see it.

We've got people around here talking about bitcoin being risky without even a passing nod to how risky it is to hold fiat right now. Cashing out? Finding "your moon" is not enough. You know they printed $1,900,000,000,000 this week? Out of thin fucking air. How long would it take you to earn a fraction of that? How many hours? What do you think is going to happen as soon as that money hits your grocery store? The velocity of money is being held down by the pandemic, the money printer is at levels never before seen in all of human history, asset prices are already soaring - the storm is here folks! Get on the lifeboat while you still can because one day you're going wake up and realize nobody will accept your fiat as payment anymore, they only accept bitcoin, and the measly amount of sats you were able to procure back when it was simply an investment to you is now the entirety of your portfolio and you've got to support your entire extended friends and family with it or else they will live in abject poverty.

It's very simple, just buy and hold. Never sell, never cash out, never trade, just buy and hold forever. Fuck DCA too, this is a bull market, you're losing sats because you lack conviction.

Look at this chart -

https://digitalik.net/btc/never_look_back

It shows the actual "last time to buy under" numbers across time. With a long enough time horizon, bitcoin always goes up. Bitcoin has no top because fiat has no bottom. Get your head in the game.


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