Important reminders as Bitcoin goes vertical
Stack Hodler
It's been a long road to $118K Bitcoin.
Take a moment to thank past you for doing the work to understand what's going on.
Many didn't.
As we enjoy another vertical part of the Bitcoin price journey, remember:
1. Gratitude is the antidote to FOMO. The vast majority of the world has zero BTC. And everyone wishes they had more. So be grateful for your stack.
2. Don't get greedy. As BTC runs up in price, people inevitably look for riskier bets to try to get more BTC. Many people have been permanently separated from their BTC due to irrational bull market greed.
3. Number goes up and down. The more euphoric you allow yourself to be on the way up, the more irrational you will become near the top, and the worse you will feel on the way down. Nature likes to maintain balance. Stay even-keeled. Enjoy it, be grateful for the increased financial power, but remain mindful.
4. The numbers on the screen aren't wealth. Health, family, enjoyable work, friends, control over your time, a nice place to live, physical security, etc. Those are the things that matter. Money facilitates much of it. But only to a point.
5. Nothing actually changes when the number on the screen goes up. It's all in your head. Feel more confident all of a sudden? That power was inside you all along. Recognize how silly it is that you have the ability to feel this way but you wait for outside circumstances to adjust first.
6. Bitcoin will be $1 million per coin one day, likely within 5 years. Act accordingly.
7. Make your plan and stick to it. Use Stack Wisely to figure out when or if you're going to take profits to improve your family's life. Decide ahead of time whether you're going to hodl through whatever comes, take a loan against your stack, or sell a bit at a certain price or cycle index level. Setup multiple plans and see how they look in various scenarios. Settle on a plan of action before euphoria ruins your ability to think clearly.
If you stacked BTC when everyone told you it was dumb, held when things got tough, and ignored all the ridicule...
Let that be all the evidence you need that you are destined for success.
Stack Sats, enjoy life.
Take a moment to thank past you for doing the work to understand what's going on.
Many didn't.
As we enjoy another vertical part of the Bitcoin price journey, remember:
1. Gratitude is the antidote to FOMO. The vast majority of the world has zero BTC. And everyone wishes they had more. So be grateful for your stack.
2. Don't get greedy. As BTC runs up in price, people inevitably look for riskier bets to try to get more BTC. Many people have been permanently separated from their BTC due to irrational bull market greed.
3. Number goes up and down. The more euphoric you allow yourself to be on the way up, the more irrational you will become near the top, and the worse you will feel on the way down. Nature likes to maintain balance. Stay even-keeled. Enjoy it, be grateful for the increased financial power, but remain mindful.
4. The numbers on the screen aren't wealth. Health, family, enjoyable work, friends, control over your time, a nice place to live, physical security, etc. Those are the things that matter. Money facilitates much of it. But only to a point.
5. Nothing actually changes when the number on the screen goes up. It's all in your head. Feel more confident all of a sudden? That power was inside you all along. Recognize how silly it is that you have the ability to feel this way but you wait for outside circumstances to adjust first.
6. Bitcoin will be $1 million per coin one day, likely within 5 years. Act accordingly.
7. Make your plan and stick to it. Use Stack Wisely to figure out when or if you're going to take profits to improve your family's life. Decide ahead of time whether you're going to hodl through whatever comes, take a loan against your stack, or sell a bit at a certain price or cycle index level. Setup multiple plans and see how they look in various scenarios. Settle on a plan of action before euphoria ruins your ability to think clearly.
If you stacked BTC when everyone told you it was dumb, held when things got tough, and ignored all the ridicule...
Let that be all the evidence you need that you are destined for success.
Stack Sats, enjoy life.
