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10 sats \ 1 reply \ @jp 11 May 2022 \ on: For those of us who are Bitcoiners: a few lessons to learn from Terra USD (UST) bitcoin
First, I would also add that it's valuable to read books related to Economics - once you do you will be more fearful of the historic failure of ALL fiat-based economies vs. fearful of a Bitcoin dip.
Second, read old reddit posts when people shared similar fearful sentiment when Bitcoin crashed to $70 around 2013.
Third, would you feel more comfortable investing in stocks right now (https://www.multpl.com/shiller-pe)? I have a bunch of money in ETFs and can barely understand wtf they're invested in.
Finally, even if Bitcoin does crash to zero, Bitcoin is arguably the first true free market with global reach. I am happy to contribute funds with hopes that this experiment become successful. If it isn't, it will be a good learning lesson for the next evolution in money.
'HODL' will be a 20+ year journey. Enjoy the ride and learn as much as you can.
I'm also casually reading economics, now reading the Big Short. But I don't understand much so almost any book would influence me, hence I started to go heavy first on tech as a first barrier of entry for me.
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