DrJeff 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 ) 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 a 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... including (probably) me.
For these reasons I recommend that everyone just stays humble and stacks sats, as @ODELL has succinctly devised.
Published at
2025-01-16 13:57:32Event JSON
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"content": "The concept of Staying Humble and Stacking Sats (h/t @ODELL ) and living on a Bitcoin Standard is a simple and peaceful existence.\n\nAnd, historically-speaking, it is also quite profitable.\n\nAnyone can do it. Just:\n\n1. Head down.\n2. Work hard.\n3. Spend less than you earn.\n4. Stack sats.\n\nTrying to time the market--with its massive associated tax implications--is a stressful life.\n\nAs a seasoned fund manager, I generally get the timing right and end up with a little more bitcoin. But sometimes I get it wrong.\n\nAnd 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.\n\nA (very) small number of people can outperform bitcoin in the long run, but 99% cannot... including (probably) me.\n\nFor these reasons I recommend that everyone just stays humble and stacks sats, as @ODELL has succinctly devised.",
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