Oddbean new post about login | logout I’d welcome $58k…Like every cycle, I realize I didn’t take enough risk. But my DCA made it feel like no risk…I don’t quite understand how a little bit frequently seems like nothing but half the total amount at any one time seems like way too much. My brain and money don’t mix… C’est la vie. Gotta leave sats for some laggards I suppose!
Same here boss. No matter how painful/long the bear it never seems like enough is stacked when you’re coming out the other side. Bigger buys definitely take a psychological toll. I was lucky that earlier this year there were a couple of positions that I absolutely wanted to dump and just rolled the majority of it into 🌽. Still…coulda been riskier but happy wife/kids > stacking.
Balance is tricky. If I have too many dollars, wife starts wanting pricey stuff. If I have too few, I do less stuff with family…steady DCA keeps everyone happy… I’ve done DCA with chump change since 2013. After learning of plan B’s S2F model in spring 2019, I started stacking meaningfully…ironically, my residency chump change DCA buys make up a very substantial fraction of my DCA bitcoin stack. If I weren’t an idiot, I’d be a billionaire. I could have bought 100,000 bitcoin for $10,000 or so if I 1) borrowed money and 2) worked hard to scoop up many trades on the pre-Gox bitcoin marketplace…but such an amount of dollars seemed impossibly large at the time.
I feel you. I wasn’t listening/paying attention and hyper-fixated on the book grind/training. Hell. I remember ignoring these 🤣 https://image.nostr.build/7ff8c9568a47b4046a2f62e8a9a99c13340d32550629051f2f44e94f290d39ab.jpg
