Oddbean new post about login | logout Friend went all in on stonks during 2020. Earned alot of money but broke his health due to all the dopamine and stress due to 24/7 market watch which he is dealing with now. I went all in bitcoin at a similar time. I had the dopamine hit but not the stress. And it didn't break my health. I just built on my conviction and stacked sats and now my confidence is so deep its almost impossible to shake. And I don't need to think about anything but stacking.
U really didnt stress when we dumped 70k to 16k?
Nope. Bought my first at 4k.
Same but it was still very unpleasant lol 😆
Can concur. Bitcoin is a lot better for stress management; DCA amazing for emotional regulation. Also the whole time preference thing.
Yep. He was swept up in a extremely high time preference mindset and it took his health. I'm so lucky I didn't went down that road.
Curious what kind of health issues? Heart attack?
Burnt out.
Oof that sucks i hope he is better soon
I went into stonks in 2020 as well. It was stressful dealing with all the retarded fud and analysis. Moved to crypto in 2022 and then bitcoin maxi a few months later. Dumped the last of my stonks in 2023 🫡
Good for you! 🔥
The volatility is a feature and brings lots of opportunities.
Volatility isn’t a problem once you understand what you own. The legendary investor Peter Lynch says, “know what you own.” Most investors in stonks don’t know what they own. They don’t know why they should own it except that they think it’s going up in price because some YouTube influencoor said so. But when you know what you own, you understand its value outside of the price. So you can stomach the volatility. The nice thing about Bitcoin is you only need to know what you own once. In stonks, what you own can change quarter to quarter. And you constantly have to look for new stonks. The work never ends, it’s a second job. Bitcoin gives you back so much of your free time🫡