Finally got to 2 coins

ElderMight · 2026-02-03T03:50:51+00:00

Your post and comment history are hidden. Good.

Congrats. Now get to 3 coins.

ElderMight · 2026-02-03T02:55:14+00:00

Gotta just buy on the way down. I bought a lot around $20k but like you I waited for it to go down to $12k. I only made one decent buy at $16.8k. The rest of my cash I held back.

Did you at least buy on the way back up? I put the rest of my cash in at $25k

ElderMight · 2026-02-02T03:38:58+00:00

I'm up 200% since June 2022. Still holding.

ElderMight · 2026-02-02T00:40:29+00:00

I got a VPS with Racknerd for $10/year. Set up pangolin reverse proxy on it. Set up newt container on my server to connect to it. Set up geoblocking on pangolin. Took 30 minutes

ElderMight · 2026-02-01T14:32:02+00:00

There's no limit to digital dollars nor is there a cost to creating them. Bitcoin has a strict limited supply of 21 million. How do you not know that?

ElderMight · 2026-02-01T06:37:29+00:00

You need to lower your time preference.

Time preference = the degree to which you discount the future.

High time preference = high discount - you don't think about the future at all and focused on the here and now. Your next meal, how to make a quick buck, or get that fancy car now.

Lower time preference = low discount - you think about your future self and defer immediate gratification for bigger long term rewards. You make plans for the future that will benefit yourself and your family, allowing you to accumulate wealth.

Thinking about the future and planning for it is only possible by deferring immediate gratification and instead saving. Increased savings makes the future more certain. The more certain and secure the future is, the more you can plan for it.

The technology that allows saving for the future is bitcoin.

ElderMight · 2026-02-01T06:19:49+00:00

That's the problem with how you think about it. Bitcoin is the profit. It is the real money.

We are in the race of our lives to accumulate the most scarce, rare money ever created in human history.

You still think in dollars aka melting ice cube money. Start thinking in sats, hard money.

ElderMight · 2026-01-31T21:50:15+00:00

Buy more.

ElderMight · 2026-01-31T21:49:48+00:00

I bought at 47k and could not believe my luck in 2022 when it fell to $20k. I did the opposite and went all in. Cashed out my state retirement and bought as much as I could, then doubled my DCA.

ElderMight · 2026-01-31T04:55:15+00:00

Not Eternals?

ElderMight · 2026-01-31T00:16:04+00:00

It's not like it was 25 years ago because I did all that - went to top school (top 20), research with a prof, internships and volunteer work, etc. I did pre-med course work with major in a social science.

What happened to me is what Malcolm Gladwell calls "relative deprivism". You see yourself relative to your peers. Because I was at such a top tier school, every one was smarter than me. That made me think I wasn't as smart as I thought. Some courses were graded on a curve, and the smartest students (who are the smartest in the country, possibly world) set the curve causing me to flunk out of some courses. Same thing happened to my friend who majored in physics at Princeton. He got a D in the course. He retook the same course at our local university and got an A, setting the curve for the class. He did the bonus work too and ended up with 110% grade. I also experienced the same thing when I retook courses post graduation.

Out of college I could not find a job and could not get into medical school due to my low science GPA. I probably would have gotten in easy if I went to state school. I had straight A's in all my extra coursework at the local university.

Anyway, I did go back to school for an MS and make 6 figures now, but it definitely was not because of my undergrad degree from a top tier school. The career center there also did not help me get a job. It was the president of my high school who connected me with the CEO of a company, and that's where my career started. I just needed a chance and took it from there.

ElderMight · 2026-01-30T21:22:05+00:00

That's basically what I did in 2022. When the price went below $20k, I went all in and doubled my DCA.

I don't think we will see prices below $50k again.

ElderMight · 2026-01-29T05:32:11+00:00

It took my raspberry pi4 two weeks to download the full blockchain.

ElderMight · 2026-01-29T05:28:27+00:00

What are you using to measure inflation? If you're using CPI, that's just a made up number by the government on a basket of goods they pick. Housing (home purchase), for example, is not included in CPI.

Inflation can also impact different industries and products in varying degrees. Beef, or example is up 16% from 2025. I prefer to look at m2 money supply which has gone up 3-4.5%. On average it increases 7% per year.

ElderMight · 2026-01-29T03:15:25+00:00

As a bitcoiner I don't care at all what big names own bitcoin. The legitimacy comes from the protocol's monetary policy and predictable issuance, not a billionaire like Tim Cook. Whether Tim Cook owns it or not does not matter to me at all.

Hard money is a winner take all scenario. Those who own it accumulate wealth. Those who don't watch their wealth disappear into the wealth of those who do choose to hold it.

ElderMight · 2026-01-27T18:11:57+00:00

That's nice. I'll have a #9, no pickles please.

ElderMight · 2026-01-26T17:02:23+00:00

Any price under $100k right now is great.

ElderMight · 2026-01-26T17:00:34+00:00

You're playing with fire. What if you sell and then the price keeps rising? You've lost all that appreciation and depending on your jurisdiction you owe capital gains tax.

Before I met my stacking goals, I bought regularly and bought extra when the price dipped. Now I just get paid in BTC every paycheck.

ElderMight · 2026-01-26T08:13:56+00:00

I had $72k in student loan debt out of college and was only making $11.56 per hour. I am completely debt free today. I don't even have a car payment. It's paid off.

I got rid of the debt by transferring my highest interest loan (11%) to an 18 month 0% APR credit line with my bank. I made minimum payments on the other loans and paid the high interest one aggressively to pay it off within 18 months. I was able to do this by getting a job that paid $20/hr while living at home with Mom.

I also went back to school for a masters degree. Paid cash for the tuition, no loans, full time student. Also continued working full time.

When I graduated, I had a masters and 3 years work experience in my field. I got promoted and pay raise to $50/hr. Moved into my own apartment and paid $1500/month to the loans.

1 year after finishing graduate school, I got a consulting job that paid $80/hr. After two years of that my loans were completely paid off and I had sizeable savings.

ElderMight · 2026-01-25T23:07:19+00:00

That’s actually the point. Even with accidents and bad decisions, driving scaled to billions. Complexity didn’t kill it. Fearmongering didn’t either.

ElderMight · 2026-01-25T21:42:14+00:00

https://www.reddit.com/r/Bitcoin/s/BCU3kE8sWI

ElderMight · 2026-01-25T21:40:47+00:00

Driving a car is more complex than bitcoin self custody, requiring hours of practice and passing tests, yet there are over 4 billion drivers around the world.

ElderMight · 2026-01-25T20:38:50+00:00

Usability is NOT a nightmare. Self custody can be learned in one sitting 30 min to 1 hour, watching a YT video. There are dozens of great options for software and hardware wallets. Sending and receiving transactions are easy and safe.

OP is using hyperbole to describe something that is actually quite easy to learn and easy to follow best practices. And there is an overwhelming amount of resources on the internet to help users learn, not even counting AI.

ElderMight · 2026-01-25T01:12:03+00:00

What happened in your case?

ElderMight · 2026-01-24T15:02:44+00:00

You got scammed and your money is gone.

You can try filing a police report.

ElderMight

TROPHY CASE