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0 sats \ 1 reply \ @k00b 28 Apr \ on: Hi! I'm Morgen Rochard, I am a bitcoin financial planner, AMA AMA

What's the biggest mistake bitcoiners make when doing their own financial planning?

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62 sats \ 0 replies \ @MorgenRochard OP 28 Apr

Great question!

  1. Bitcoiners think they need to work in bitcoin to be happy, when they can easily find any job they find meaningful and affords them work-life flexibility while stacking sats
  2. They dont think they need a fiat emergency reserve
  3. They dont save enough because they assume asymetric returns will undo poor financial behaviors
  4. They try to time the market because of "cycles"
  5. They try to earn yield on their bitcoin
  6. They borrow too much against their bitcoin because they think hyperbitcoinization will bail them out
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