AJ2884 on Nostr: While there are exceptions to every rule, a lot of these comments imply to me that ...

While there are exceptions to every rule, a lot of these comments imply to me that many of these respondents have never really, honestly considered what it'd be like to have their nest egg and spending power abruptly cut in half, what it be like to be left wondering: "how much lower will it go?", "how long is this going to last?", "at what point will I not be able to come back from this?", "bitcoin represented a fundamental change in the system, did it change again?", "did I get things wrong?", "did I fail my family and all who count on me?", etc.

When you're accumulating, you have a long way to go, and the price of sats gets cut in half, then that's exciting, but when you're living off nothing but you're savings, and some conviction, the story changes when everything abruptly becomes twice as expensive. Must of trad-fi's lessons are dumb, but it definitely has some to teach about psychology in a downturn during retirement.