I’m trying to think how I’m going to handle this next bull run differently, for me this is what I have:
1) Be careful on who I listen to, way too many grifters in this space
2) Stay more consistent with my dollar cost averaging strategy, far too often I would overbuy around $40 and $50k
3) Understand how leverage impacts the markets better and understand mining company profitably. I’ve definitely taken a large financial hit investing in public miners
4) Tell future people who are getting into bitcoin the downside risks and volatility. Long run it will go up, but there are 20-40%+ swings you need to handle
5) Spend less while the market is going parabolic. It feels amazing when it’s going up, but spending large daily isn’t grounded in reality, and that cash is precious in a bear market.
What does everyone want to do differently during the next bull market? These are some of my broad thoughts, definitely lessons learned! ⚡️⚡️🧡
satsmate / Paul
npub1na…8uhvd
2023-02-27 01:18:30
Author Public Key
npub1na2hulq74ljdmzxk7pg00gwg5nxpgz8mewphqgm29c6c7w3a50jsg8uhvdPublished at
2023-02-27 01:18:30Event JSON
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"content": "I’m trying to think how I’m going to handle this next bull run differently, for me this is what I have:\n\n1) Be careful on who I listen to, way too many grifters in this space \n\n2) Stay more consistent with my dollar cost averaging strategy, far too often I would overbuy around $40 and $50k\n\n3) Understand how leverage impacts the markets better and understand mining company profitably. I’ve definitely taken a large financial hit investing in public miners\n\n4) Tell future people who are getting into bitcoin the downside risks and volatility. Long run it will go up, but there are 20-40%+ swings you need to handle\n\n5) Spend less while the market is going parabolic. It feels amazing when it’s going up, but spending large daily isn’t grounded in reality, and that cash is precious in a bear market. \n\nWhat does everyone want to do differently during the next bull market? These are some of my broad thoughts, definitely lessons learned! ⚡️⚡️🧡",
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