The Best Piece Of Advice I Was Given About Bitcoin 💡
Bitcoiners,
A few years ago, Matt Odell, Bitcoin and privacy expert, gave me an unforgettable piece of advice.
I was just starting to really get interested in Bitcoin, and had been running myself ragged trying to accumulate all the Bitcoin I could get my hands on. But, like most beginners, I was making a lot of mistakes: buying the top of $20,000 in 2017, buying the top of $69,000 in 2021, and using leverage to buy even more bitcoin.
Until one day, Matt Odell publicly stated:
Stay humble, stack sats
That day, my whole life changed.
That simple phrase etched into my brain the way to intelligently build my bitcoin stack without over-leveraging myself and going bankrupt.
I find many bitcoin investors go through a similar journey when they start out. They see the price run up and instantly think they have to keep buying as much as possible, even at the top when prices are outrageous.
To shift towards an investor mindset, I developed a method of buying bitcoin at the lowest possible cost basis over time. I also closed all the loans I had open so I did not get liquidated and lose my entire bitcoin stack in bankruptcy.
Nowadays, I sleep like a baby at night knowing my investments in bitcoin are humbly stacked.
Happy Thursday,
-Pod
P.S. Please follow me on Twitter! @epodrulz
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Eric Podwojski
Founder, Bitcoin EDU
Twitter:Â @epodrulz
