The stay humble part is two fold
1. To prevent bragging and coming off like an asshole when bitcoin goes up.
2. More importantly it is also needed for rejecting leverage at all costs so you don’t get wiped out when Bitcoin goes down.
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IMO, the only way borrowing for bitcoin makes sense is extremely long dated. the period should be over 4 years, and be based on a margin that will swallow a bad year, and then gain in the likely following good year (which usually makes up all the losses and then another 2.3x growth (average annual since 2011 is 130% or 2.3x between january and december.
Agreed, the longer the time frame the better, I’d be weary of anything less than 5-10 years.
Bitcoin without leverage is powerful enough.
yeah, that's the thing. the easiest strategy is just to restrict your expenditure as much as possible so you can put as much as possible into it. draw it down only on ATHs to make momentary, ideally capital goods purchases (stuff that can help you make money).
Sound advice 🤝
Fully agreed. Humility in the Bitcoin context is both an ethical and strategic principle. Rejecting financial leverage is perhaps the most practical application of this virtue: it means understanding that volatility is inevitable and that long-term survival is more important than short-term speculative gain. Humility reminds you that the market can stay irrational longer than you can stay solvent. It's an approach that honors both the underlying technology and your own mental sanity.
Or just use instruments like personal lines of credit. No such thing as a margin call in this scenario. Just make your monthly payments like you would a mortgage
Yes of course