Oddbean new post about login | logout Bull markets are a lot of fun and can be quite euphoric, but don’t fuck it up and chop off a finger trying to time the top or trade it—take what little bit you need off the table (if you have a real need) and let the rest ride. Take your coins off exchange and don’t tempt yourself.
STAY HUMBLE AND STACK SATS. 🫡
"Listen, if you use the word humble, you aren't." - "Psychedelic" Mike Tyson
Christ Humble Mode
I had a dream about you Odell and you were sleeping 💤… get more sleep
This seems like good advice for people who are knew to #btc
this is the most simple option and for most people i would agree this is the way. Full blow Bitcoin Maxis that are drowning in bull sauce will hate this idea.... maybe buying a couple put options on IBIT or MSTR when you have a feeling we are at the top could really protect your gains in case of the usual pullback we have seen in previous cycles. Think of it as insurance. this isnt my idea, btw. BritishHodl does a great video talking about this idea
A bit off topic, but which exchanges do y'all think will die this time? My fingers are crossed for Coinbase.
I’m quite familiar with the backend and internal operations, so I highly doubt they’d blow it up from stupid security stuff, but who knows.
Oh yeah, haha oops... I had forgotten you worked there. Genuine mistake. I wasn't poking at you.
I’ll take some lifestyle chips off the table. Debt free house. Fund kids 529 more. Reserve 2-3 years of expenses in a mix of other assets.
IMHO I’d keep the housing debt if you got a >4% rate and ride that shit to hyperinflation
Wait, I’m lost…what are “other assets”?
Daddy needs a new machine gun.
The bigger the numbers, the sillier the people will get, confusing brains with a bull market and mixing in leverage is a hell of a drug
Be smart always risk management very important. Grazie. 🙏