Thread - Nostr Hypermedia

Boomer boomer@nostrplebs.com 7 months ago

I did almost same thing. Personal loan near the top, only for the price to keep falling. Nobody can predict the tops or the bottoms. Lower your time preference. Dollar cost average.

Ben Justman🍷

Last cycle I took out a personal loan to buy the $69k top then 0% interest rate credit cards to buy the dip, and the next dip all the way down to $16k. If you're thinking about taking out a loan to stack sats, here's perspective from someone who timed it exactly wrong

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Replies (4)

Azz azza@nostrplebs.com 7 months ago

There were so many larpers on X expecting a super cycle last top, saying it's going higher.

1 replies ↓

Boomer boomer@nostrplebs.com 7 months ago

Absolutely true, but when the majority of people "get it", they do everything they can to just get as many sats as they can. I suppose the math works out in the end a lot of the time (maybe even most of the time), but leverage can really fuck you up.

1 replies ↓

Azz azza@nostrplebs.com 7 months ago

I think most were traders looking for suckers to be their exit liquidity.

1 replies ↓

Azz azza@nostrplebs.com 7 months ago

That's why I am nostr only. I don't want to follow people who are trading against me. I'm here for people trying to accumulate Bitcoin to end fiat and make a better world.