Personally I don’t believe other OG’s when they say they have reached a state of bitcoin zen. 1. Because OG’s talk and I hear stories privately of people freaking out about price action. 2. Because I myself am still deeply uncomfortable most of the time in my Hodl position. I find it kind of dishonest. My favorite Bitcoiner’s are the ones who say some version of “yes it sucks, it always sucks. Life’s not supposed to be easy. Stop being a pussy.” That’s the honest version. P.S. the above is pretty much a direct quote from a billionaire friend.

Replies (83)

I used to be pretty at ease during bear markets during my accumulation phase. But now that I'm living on bitcoin, the bear markets definitely hit different no matter how much you prepare for it.
Right now it’s a worrying market since there’s nothing safe to jump to. We all have to embrace the down market together 😔✊. - Signed from someone’s that kind of diversified.
Eddie's avatar
Eddie 2 days ago
I don't think if you're a billionaire you should be uncomfortable about a position. You're at a place where you virtually can't lose.
I'm not in any state of zen, but one of my superpowers is ignoring my feelings. The discomfort is a great way to get something productive done, like say, getting a new PR on your bench, learning ancient Greek or reading Dostoevsky. That's how you silence the inner coward. View quoted note →
It depends on the OG-ness of said Bitcoiner, I guess.. If the average buy price of a meaningful stash was an order of magnitude lower than the BTC price today and they’re freaking out then I guess they weren’t really Bitcoiners after all. You know, low time preference and such..
"Don't put in more than you're willing to lose" seems like it's evergreen advice... Everything is an investment in something. It's not like "Bitcoin or no Bitcoin", the choice is really "Bitcoin or keep it in Fiat or invest in Stonks or buy a Lambo or...." You could equally just wind up regretting any of those choices too.
The emotional experience of losing a billion dollars can be psychologically distressing it seems.
SimOne's avatar
SimOne 2 days ago
We’ve got a bloody long way to go before we reach zen. #bitcoinstandard #seperatemoneyfromstate
I can honestly say I’ve reached a point in my life where it is what it is. Health is wealth, so i am grateful for my health and the sats journey is a ride. Belief in it helps, and i definitely believe it’s a better World with bitcoin so during the volatile markets just Stack some sats and chill
anyone who claims "zen" is full of shit and just stopped paying attention. because yeah, life isn't supposed to be easy. or fair. whether you value the world in BTC, GBP, USD, EUR or whatever its still pretty shitty and dangerous out there and many people are dying. doesn't matter the currency you choose, you can't use it to value the lost potential of an early death. so do what you can to make today a little better than yesterday. and harden the fuck up cos its gonna get worse before it gets better.
Humanity is more likely to reject perfect, moral money than not. Accept that and you don’t have to pull your hair out hoping they do the right thing or try to find some zen belief that the best outcome will magically develop. All you have to do to sleep at night is do what you think is the right thing to do which is buy the fucking dip.
It's incredible how much it sucks. I think this times feels worse than the other times for some reason.
FL Justin's avatar
FL Justin 2 days ago
As long as you're still adding to your stack the price volatility is mostly a humility test. Anyone who says it doesn't affect them on the way up and down isn't human. Don't trust these people. I know I'm hammering down on ways to try and make more fiat right now. I had gotten a little comfortable last fall so I needed this kick in the nuts so I didn't become a pussy View quoted note →
I am a very zen OG about the price AMA. I am literally happy about it and want it to go as low as possible. If you didnt spend any last year it is because you are a noob.
Real OGs are more focused on doggie coin and Monero by now and really don't care about the price of Bitcoin. You're a fake OG / someone that got to Bitcoin late and calls yourself an OG
Yes price action is gut wrenching at times but do you want to live the rest of your life in a fiat world or in a Bitcoin world (I know your answer)? This is the price the pioneers have to pay. Or at least I try to convince myself so. And that we'll get to 1M then 10M per BTC at some point when everyone "gets it" but it's just delayed now and we all get cheap sats, maybe forever who knows. But like I said yesterday, I know what I own. The price action just makes me question if that world ever materializes. Someone somewhere said the what has been seen cannot be unseen. I've seen a vision of a Bitcoin world therefore I HODL. And suffer the price action along the way.
Some of us reach zen because Bitcoin is our only hope of escaping a system stacked against us.
Default avatar
stork 2 days ago
cheap sats always feels good bud
If I'd still be a maxi without a core position in Monero and some diversification in gold and land in different jurisdictions I would have lost my faith (rightfully) long ago. Markets are a confidence game. Take note about it as future trends are always dominated by faith. Bitcoin is already over it's zenith. It will rise as fiat collapses, but it's not the confidence monolith it once was.
Likely this. As an OG I reached escape velocity in 2013. Ever since I gave a damn about exchange rates. It's all about IRL adoption. Without it we will all be poor. It's the only measure that counts and the one that still sucks globally a decade later thanks to CIAylor Moon boys capturing the narrative in favour of fiat NGU gambling.
If it's long term savings then the price shouldn't bother you, if you need liquidity then you may be over invested. Just see low prices as an opportunity to accumulate.
Lucas M's avatar
Lucas M 2 days ago
I can't blame you for being uncomfortable. I've been telling everyone, since i made my first purchase, that Bitcoin could still fail and just be remembered as the precursor to something better and more secure. Is that not the progressional path that all forms of money have taken throughout history? Life is nothing more than a generations long tragedy. Quit crying people. If ya have a home and a loving family that loves you back, in equal measure, then you're doing better than most. Trust me🫡!
I don't buy the dip any more. I just DCA. I've missed out on a lot of Sats over the years. But I'm healthy, have a beautiful family, alayover and love. The amount of BTC I have hasn't changed. It isn't for me, it is for my daughters anyway. Maybe my wife in the event of untimely death.
As someone who learned what it takes to hodl from various OG’s, I agree that it’s the honest stories about how challenging it is that facilitate new entrant conviction and curiosity to study bitcoin. When I get panicky, I think about where else I would put my savings and eventually settle myself down
After all these years,el even though I know the math works, the dips still suck. It's like we know the double spending problem is solved, but single panic spending is still a problem.
I've also heard that billionaires get salty over over billionaires having more money with them, which is retarded. A bitcoin OG , by definition, would have gotten in so early , and accumulated so much , that they are still balling harder than 99% of the plebs out here, sucking dick in the fiat mines to for a little DCA. As someone who will never even achieve a full coin, please OGs, chill
Bitcoin is a technology to lower our time preference and calm our nervous system(s) so that we can evolve. Period. If it doing the opposite for you based solely upon it’s perceived value vs. Fiat (as you seem to indicate), then take a deeper look at yourself. Or sell. Bitcoin doesn’t care either way. Sorry for the tough love…. 👁️🪬💓🧬
There's discomfort there but much less than there was in Febuary. The resistance to what is has gone & I've accepted we're deep in a bear market. It sucks & it's uncomfortable managing my cash flow but I'm not freaked out. The Bitcoin Zen part is an acceptance that price is going to do what it does & I just need be patient while it does it. It's not dishonesty to play down the discomfort but it's dishonest to say it's not there. Everytime price does something unexpected, it tests your conviction. Am I actually retarded or is there something special happening here?
Lucas M's avatar
Lucas M 2 days ago
@Diyana 🙄Gain some skills that are useful to society. Quit begging...
4 year cycle is intact until proven otherwise. Just be glad you didn't buy Trump coin.
Our disappointment is still at the all time high levels of 2021 and we don’t even have banks failing or exchanges crashing out. Just some expected volatility of an asset that is still viewed as speculative imo
This is my third cycle, and it does suck psychologically, especially if you need liquidity, but if holding and no plans on selling, then count your blessings and focus on the next cycle and plan accordingly.
It always sucks but we get a little better dealing with it each time.
1776's avatar
1776 yesterday
I have more sats than I had a week ago.
Interesting post. One's personal comfort is one thing, depends on so many details. But the one thing I've stuck to rigidly over 13 years: I *never* recommend buying, to anyone. I will sometimes recommend *not* buying, though, if asked. If a person is asking, they're probably not in the right mindset for this asset. View quoted note →
Elkim's avatar
Elkim yesterday
Life requires tension, without it, there's no flow of energy :)
Hodling is hard because fiat is easy. The hardest thing is often the most worthwhile. If I wanted easy, I would own dollars.
Benking's avatar
Benking yesterday
STOP BEING A PUSSY STOP BEING A PUSSY STOP BEING A PUSSY
Smile, (HODL) literally means hold on for dear life. This times are the best for buyer of last resort
davesoma's avatar
davesoma yesterday
Build constructive hobbies around meaning, not money.