/biz/ - Business & Finance

Not sure if I'm a whale but I'm an early adopter.

Possibly nobody will listen to me, but if there's one of you that reads this and takes it seriously then perhaps I will have given something back.

You need to lower your time preference. You need to start thinking in years not days. I'm not sure if it is even possible to lower your time preference, it may just be something you're born with. But if you can, do it.

Low time preference is, from what I can tell after 7 years in Bitcoin, the #1 advantage you can bring to the table. It has proven even more valuable than starting capital.

I promise you that emotionally, every bubble cycle, every tulip chart, every few months, it looks the same. It felt the same going from $1 to $3 as it did going from $5k to $15k. The charts looked the same.

If you can lower your time preference you will win over time. While I know there are some very active traders that got rich, I don't personally know any and I know probably about 50 OG bitcoiners.

HODLing isn't the optimum trading strategy of course. But you're not the optimum trader. It beats everything always, over and over and over. I've watched.

Just chill out niggers and enjoy the ride to a million dollar bitcoin