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/biz/ - Business & Finance

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7736540 No.7736540 [Reply] [Original]

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

>> No.7736582

i just assumed everyone thought like this and the 1 minute chart watchers were just memeing

>> No.7736600

how rich are you op?

>> No.7736614
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7736614

>>7736540
pfffffhhhhhhhhhhhh pfffhh bbbrrrrrrrRRRRRRRRRRRRRRRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAPPPPPPPPPPPPPPPPPP

>> No.7736633

>>7736540
meh, if you've got 20-100btc you can say that. If not, gotta trade

>> No.7736642

>>7736540
HODLing is a meme. Institutional money brought us up to 20k and institutional money will bring us back down to 2k. The price of Bitcoin is irrelevant to adoption of blockchain technology.

>> No.7736654

>>7736582

Trading on 1 minute charts is fun as fuck though, especially if you manage to catch a moon and ladder through the entire thing.

>> No.7736679

>>7736540
BBBBRRRRRRRRRRRAAAAAAAAAAAAAAAAAAAAAAAAPPPPPPPPP

>> No.7736710

HODLing is a good strategy for a bubble's accumulation not until it peaks. And yes, it has peaked due to the peak of knowledge. Search volume on Google for example NEVER decreased significantly until January. That's a sign of a major peak.

>> No.7736758
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7736758

>Be me
>Be respectable white male
>Goto spankbang for my routine jerk before commence trading
>whatisthis.jpg
>Front page littered with BBC. W-what?
>Get enraged, hover over thumbnails. Goddamn it, how can I compete. These guys are huge!
>Decide not to FAP, instead open first trade without clear mind
>Get liquidated for 1btc
fuck. Save me Sergey!!!!!!

>> No.7736780

>>7736540
/biz/ has too many stories, and they're not larpers, about losing their whole stack and getting liquidated. good traders trade with a portion of their stack (10%-20%). never go full retard and bet your entire stack on margin. don't double down, just cut your losses.

>> No.7736791

>>7736540
you're right but whatever....
I just imagine banging that thing you posted while it sucks on my dangle'y balls like it was a looking for a meal

>> No.7736826
File: 39 KB, 500x372, squidward brap trance.jpg [View same] [iqdb] [saucenao] [google]
7736826

>>7736540
oh my what I wouldn't do to take that pose out for a spin.

>> No.7736909

>>7736540
You will never get your head between your knees and peacefully relax as your bf cleans your pipes for you

Why live

>> No.7737050
File: 38 KB, 600x600, BRRRAAPP.jpg [View same] [iqdb] [saucenao] [google]
7737050

>>7736614
>>7736540
BRRRRRAAAAAAAAAAPPP!!!!!!!!