The “masterminds” discussions stopped just as the music stopped and the real accountability would have made them fun to listen to. Man that @Dr. Jeff $475k/bitty call looks horrendous in hindsight… 😂😬

I just lost the game

I play that game too

Yeah that was not a good look

We actually just started them up again lol there’s a new one coming out soon with a new host. think Jeff has already eaten crow for that call though lol

This is why I read replies on Nostr—looking forward to it

Haha, I try not to play that game. Any market price driven by leverage will always be a short term price. That leverage will always come due and with it, the price. While it is mind-boggling that the price has come down $67k, I try not to think about my net worth coming down similarly. For my own sanity, I focus on my net worth at times like this for future planning. My net worth in bear markets highlights true market conviction in what bitcoin is. There is a growing number of people year after year that are choosing to use and hold bitcoin even during the darkest bear markets. It actually brings me solace thinking about that in times like this. Sentiment is extremely bearish and yet here we are at ~$60k.

Exactly. I am lucky to have more now than I ever thought I would have. That’s enough. Bitcoin gave me that opportunity, that’s all that matters. Numbers truly don’t matter, I’m never selling.

Times it? 😂

Sometimes it's wild to see how much you still like to call out to the fiat system. I didn't lose money. I bought something with the expectation that over the course of decades it will multiply in value, both monetarily and in its utility. Sort of like a farmer buys seeds. When they're in the ground, and no longer in his hands, and he can't sell them or even eat them, did he lose money? Or are they still going through their process of getting to a point where that gain can be realized? And sure, there's a lot of shit that can go wrong when you're waiting for your seeds to turn into a harvest. But until you see those plants actually die, or the produce eaten by vermin, it's not lost. It's just not done yet. Anyway, I get it -- you've got a lot on the line, and every now and again we get a reminder that our crops aren't actually guaranteed. But at least remember that THAT's what the proposition is -- not that something is lost right now. Because unless you were planning on bailing early, you haven't lost shit.

And if you do find yourself wondering if you'll NEED to bail early, well, that's when it's not the worst idea to consider if you'd do better to have some of what I like to call "ballast assets." Things with more liquidity and lower volatility so that when your house burns down in the same weekend that your fire insurance company goes under because of their exposure to some derivative you've never heard of before, you don't have to panic sell your bitcoin, because you're instead just selling your ballast. I usually consider things like gold, maybe money markets/short term sovereign debt, FDIC insured CD's. It's obviously not something you wanna throw most of your life into, but worth considering that if you have to sell Bitcoin at 58k and buy it back at 200k, you're probably gonna have less bitcoin than if you just built in that buffer and didn't have to sell any.

Easy come easy go

Unrealized fiat gains. If it appeals to your unit bias, I’ve just printed 6 billion crypticnode bucks and I’d happily give you all of them to take those pesky, volatile sats off your hands.

I bought at 40k and stacked even more at below 70k. Doesn't apply to me.

Even funner: play this game with your wife

That’s not money though