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121 sats \ 2 replies \ @DarthCoin 22 Sep 2023 \ on: Why it's so hard to outperform simply dollar cost averaging Bitcoin bitcoin
Your mind is still not prepared for Bitcoin. That's 100% sure!
Your mind is still trapped into fiat mindset, is always comparing your BTC stash with how much could be in fiat.
That is totally wrong.
STOP looking at the price. Is a distraction.
STOP buying it as "investment". EARN it as money, in exchange for your hard work.
Bitcoin is ENERGY stored in the most secured and brilliant way.
What people do every day, every minute? People are always in a continuous run for gathering energy, in many different forms: to eat, to store, to trade, to use it as money, to use it as savings. People depend 100% of energy. People are spending also large amounts of resources just for STORING energy.
And then Bitcoin comes and fix all of these problems: Bitcoin is pure storage for energy, secured by mathematical algorithms, something that will be eternal. If you own Bitcoin YOU OWN ENERGY FOR THE REST OF YOUR LIFE.
Harsh, but fair! You're right of course. I don't obsess over price to be honest, but even if I live my life on a bitcoin standard, earn bitcoin for my hard work and denominate everything in sats, the volatility of them is wild in terms of purchasing power of everything else - and naturally screws with your head. Thinking long term, how many sats do I need for a safe retirement - for Lionel Schriver's fabled regular chicken and a bottle of wine?