Dr. Jeff on Nostr: The concept of Staying Humble and Stacking Sats (h/t ODELL ) and living on a Bitcoin ...
The concept of Staying Humble and Stacking Sats (h/t ODELL (nprofile…lldz) ) and living on a Bitcoin Standard is a simple and peaceful existence.
And, historically-speaking, it is also quite profitable.
Anyone can do it. Just:
1. Head down.
2. Work hard.
3. Spend less than you earn.
4. Stack sats.
Trying to time the market--with its massive associated tax implications--is a stressful life.
As I seasoned fund manager, I generally get the timing right and end up with a little more bitcoin. But sometimes I get it wrong.
And sometimes I lie awake at night, stressed out and wondering if I made the right trade (by size and by timing) on behalf of my clients.
A (very) small number of people can outperform bitcoin in the long run, but 99% cannot.
For these reasons I recommend that everyone just stays humble and stacks sats, as ODELL (nprofile…lldz) has succinctly devised.
And, historically-speaking, it is also quite profitable.
Anyone can do it. Just:
1. Head down.
2. Work hard.
3. Spend less than you earn.
4. Stack sats.
Trying to time the market--with its massive associated tax implications--is a stressful life.
As I seasoned fund manager, I generally get the timing right and end up with a little more bitcoin. But sometimes I get it wrong.
And sometimes I lie awake at night, stressed out and wondering if I made the right trade (by size and by timing) on behalf of my clients.
A (very) small number of people can outperform bitcoin in the long run, but 99% cannot.
For these reasons I recommend that everyone just stays humble and stacks sats, as ODELL (nprofile…lldz) has succinctly devised.