When #Bitcoin starts ripping and your friends hit you up asking “should I buy now or do you think it’ll go lower?”
FOLLOW @THE Bitcoin Podcast IF YOU’VE TRIED AND FAILED TO ORANGE PILL YOUR FRIENDS
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Replies (21)
HaHaHaHaHaHaHHa!
HaHaHaHaHaHaHaHa!
Too funni
On the serious note...
I did orange pilled a friend and I'm not that comfortable with recommending enter on ATH...
I think we can all relate to that sound rn.
That’s exactly how I feel now. I just can’t be bothered explaining anymore. People don’t want to do the work themselves. They get it at the price they deserve. 🙄
just have them get some and start getting comfortable with having a wallet somewhere?
i love this so much
Nobody knows where's the future ATH. Therefore DCA is really important. I started in bearmarket with bitcoin and dca really helped me.
sure, but we don't talk about dca. it's serious amount of czk shitcoin.
I know he can handle anything (we play poker a lot), but he could try to do something stupid like take the "loss"
he's more like here's a shit load of money and I want bitcoin.
well that IS rather awkward if you've got their fiat...
buy ⅓ of their stack now and sit on the rest
oh, no. I'm not and don't intend to be in the middle. We were just talking and he probably got "it".
It's more about me being uncomfortable with the ATH enter. I'm afraid he could do something stupid like sell it when the price dips...
Just tell them to DCA
And what's the reasonable DCA strategy here?
Let's say you have $1m.
(AFAIK, statistically it's better to go all in).
But if you go all in you wont have the conviction to hold it to 300k
When I was in stonks, I DCAd but at some point I sopped and just went all in for an asset I liked.
My gains were much higher ...
Sorry I tossed a number without context, they need to hold against a 70% draw down
Tell them it’s their money and to grow some balls and do whatever the fuck they want because you’re not their babysitter.
exactly. I believe he would.
Still it doesn't make me any more comfortable.
Orange pilling at 15k, that was much easier ...
I'm the one who's uncomfortable :)
I need a pair too I guess 😂