Oddbean new post about login | logout How to respond to friends who suddenly start asking you about bitcoin this bull market: 1) Tell them you sold all yours at the bottom and let them figure it out for themselves while you go on enjoying your life and your stack peacefully.
Well said. If you get people into BTC now, they’ll call you an idiot when it goes on sale 📉
What is on sale?
I just send people a text file with links now. I don't have time to waste failing to convince people who don't understand fundamental economics, philosophy, technology, etc. In the text file I tell them right off that the links are basically their under grad studies. Do it or don't, but I have no time for them until they do the self-study to get to a basic level of knowledge. And I can always tell who actually does the work by the questions they ask.
“So you think it’s going to go up more or down?” 😂
YES.
The best way is to answer with a meme https://i.postimg.cc/pLpNFQsw/bitcoiner-come-down.jpg
Advice I have given all my freinds/family who have bought Bitcoin: 1. It will go down in price immediately after you buy it. 2. Buy a smaller amount 6 months before you put in a large amount so you can get a feel for the volatility. 3. Never sell a single sat that hasn’t been held for 5 years.
