hodl_₿itcoin on Nostr: Someone asked me: how did you survive the #bitcoin bear market? My answer: I didn't ...
Someone asked me: how did you survive the #bitcoin bear market?
My answer:
I didn't survive. I thrived. I've cultivated a deep understanding of what I'm buying. I buy every single day, and bear markets are great because you get more bang for your buck. I don't use leverage on the best form of money in human history. I only buy from Bitcoin only platforms with exceptional reputations. Even then, I regularly withdraw to my own cold storage.
By doing this, I had zero negative exposure to XYZ ponzi company collapsing (cheaper sats though), big draw downs didn't wipe me out for using leverage, and I didn't panic sell at any point because I see no reason to trade the best money for fiat money.
Stay smart. Stay safe. Stack sats.
Published at
2023-03-25 13:10:38Event JSON
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"content": "Someone asked me: how did you survive the #bitcoin bear market?\n\nMy answer:\n\nI didn't survive. I thrived. I've cultivated a deep understanding of what I'm buying. I buy every single day, and bear markets are great because you get more bang for your buck. I don't use leverage on the best form of money in human history. I only buy from Bitcoin only platforms with exceptional reputations. Even then, I regularly withdraw to my own cold storage. \n\nBy doing this, I had zero negative exposure to XYZ ponzi company collapsing (cheaper sats though), big draw downs didn't wipe me out for using leverage, and I didn't panic sell at any point because I see no reason to trade the best money for fiat money. \n\nStay smart. Stay safe. Stack sats. ",
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