I think you shouldn't share ideas before you are ready to implement them. First there's the obvious risk of having your idea stolen. But more than that there's the risk of having your vision distorted. People may sow doubt. Wether there's malicious intent or not. If you keep your vision protected in your mind until you are fully ready to take action and make it real it will be safe from... I'm not sure from what you want to protect it. Maybe it's the ideas of others. When your vision collides with other people ideas there's temptation to change this vision. This could be good or very bad. It could destroy the whole thing you had in mind. It reminds me when I was trying to write a letter for my goods a few years ago. I wrote something in one go. It was super authentic, raw and me. It was good. Ultra based. But I made the mistake of asking someone about it. This person proposed some good changes and I did them. But I ended up losing myself in this letter and instead of liking it I started finding it cringe.
All this to say, may have talked about an idea of mine a year too early. I wasn't ready to implement. I was eager to start but I ended up only being able to share ideas. But what's the point of sharing ideas if you're the only one who can and want to implement it your way? High time preference that was. Immediate gratification.
After 3 years of work in Bitcoin which among other things include making my way into a physical store, making corporate gifts for BullBitcoin and signing a partnership with The Saif House, I now almost have 2000 followers on Twitter ๐ฅณ๐ซ
"Back at 120k it was stupid to go leverage but NOW is the time. Now is the time to get a Bitcoin backed loan ๐"
I read this a lot recently. This is exactly how people get rekt. They see a 50% drop and they think It's now basically risk free to go all in.
But It's like in boxing. The first punch is rarely the one you have to worry about. It's the second, third or maybe even fourth punch that will knock you out.
So what happens is you go leverage but you realize there's an other punch so you go even harder but there's an other punch again so you go harder and before you even know it you're liquidated and your life is ruined.
It's the temptation. If you feel the temptation to go leverage at 60k you're going to feel this even stronger at 30k. If you succumbed to the temptation the first time you're likely to do it the second time. This is how the devil get you.
Look, if There's something I learned over the years is I have no idea. Idk what's going to happen with the price. For all I know this is the bottom and people who go full leverage now will win big. But I don't know. It could also go on to rek more people.
It's possible betting your life on black 21 at the roulette will make you win everything. That doesn't mean It's not retarded to do this.
All I'm trying to say is be careful and try to resist the temptation to take leverage to aquire coins you didn't work for. "Stay humble and stack sats" makes the most sense in moment like this imo.
Stack the coins you deserve not the ones you want. That is truly risk free.
I'm starting to feel excited about Bitcoin again you guys. Real dips like this is always the beginning. I feel it good.
Let's shake away the over leveraged shitcoiners so we can continue to build on solid foundations.