Oddbean new post about login | logout People are not there yet. It’s too simple. Buy BTC & wait. Feel blessed that you found BTC & understand it. I know a guy who just bought a 3rd vaca home. He’s got money but outlay of cash was huge for a place he will barely use. Owns zero BTC. He couldn’t even spell BTC.
Ya for Americans is harder to orange pill because they have credit cards and some actually make decent money so they think they dont need it
Same where I live. Too comfortable with the current state of inflation. 🙄
Orange pilling is a huge waste of time. And a risk to be honest. When people I know say, “hey, are you still into BTC”? I always say that I own very little but am interested in it still because it seems to be getting more mainstream.
Most of the time this is what I say https://media1.tenor.com/m/mNtUZEoI3kUAAAAC/family-guy-i-dont-know-what-that-is.gif
Perfection.
This especially with people who like to gossip. No need to be know for having some. Privacy is better
10000% Use the word “dabble” a lot & people just waddle away. I dabble in markets but don’t know much about them. I’ve dabbled in “crypto” but seems risky. Etc etc.
Yep. Being vague is better.
Venmo too etc. Most I’ve Orange pilled have sold for a small loss or profit. Were never long term. “Get rich quick scheme” thinking. HFSP, and I don’t orange pill anymore. Haven’t for years.
I know right. They always want to know when to sell. Like relax. Just keep it
This is why BTC corrects and corrects hard after the bull starts. The old Jim Cramer way of thinking. Once you hit 25% in profits take it all off the board except what you initially put in. House money thinking & timing markets. Losing strategy for BTC. POWER LAW. Fuckin dummies.
Trying to time it is the dummest thing. I remember a friend would tell me “if you sell it all before it corrects massively and then buy back you will have so much more”. Duuuude you have a crystal ball? A crystal ball that actually works? Show me 💀💀💀💀
🧮 That’s why chaos theory, game theory etc etc exist. They all sell at $120K & then contemplate suicide as BTC rockets past $500K a month later. Then they buy at $510K as BTC corrects back to $120K. All while I eat my popcorn & DCA any dry powder or just watch my “paper net worth” go up/down knowing I’m not doing a thing for many many years.
People just don’t understand Bitcoin’s longterm proposition. It’s just a ponzi game to most. I have stopped telling people, I’m so bored of being lectured by numbnutz that I know nothing and it’s all a scam. Yawn
Same
One of the most boring arguments is ‘but you need inflation because the economy needs more money to create more trade’ Whatever! I give up
I hate that shit. When they try to convince you that an economy without inflation will fail 🙄
It’s a constant point , very dull
I try not to laugh when they say: “I spoke to some economy experts about this. Are you telling me they’re all wrong?” 🤭😂 Me: https://media1.tenor.com/m/_SRL6__sKJAAAAAC/thats-exactly-what-im-saying-eli.gif
I get that across the board, even with the Scamdemic and the’ Science’ .. but but you’re not a scientist. Correct i use critical thinking and am also not covered in shingles with stage 4 cancer 🤷♂️
I don't have a crystal ball, but I draw lots of straight lines of charts.
That’s your issue. Make them a little squiggly. Now rerun & report back findings.
We can see, on the one week chart, how the green lines are contracting, which will pump the price straight up. Don't sell yet! I'll let you know before it corrects, so you can all sell and rebuy at the bottom. https://image.nostr.build/ac01edbf8cb26b88d609460bb237f275ca03e5d6234f11e4f70f73fe6c7d99ae.jpg
Love the color scheme. I am 100% a subscriber.
Seriously, when newsletter https://media1.tenor.com/m/dXkKnk4UuV8AAAAC/shut-up-and-take-my-money.gif
