Thread by @bruce_pullman, 1.I was asked about HODLing #BTC & Stress & Mental Health. [...]

1.I was asked about HODLing #BTC

& Stress & Mental Health. Excellent topic. It raises questions like “how many times a day (hour?) do you check #BTC

’s price?”. We may have at one level of our consciousness bought off on the narrative of NGU – that Bitcoin is moving slowly

2.towards a late 2021 early 2022 target of $K. That it will dip on the way. 35% would be consistent with history. {Note, fellow HODLers, that means BTC at $41,600}. We may have a short term price target of $L by late June/ July.

3.We may have a view of a floor price at say $46,000 which rises every day we are in consolidation. That may be on-chain or EMA based – its doesn’t matter which.

4.This we all have a personal HODLer narrative which may be gut feel, hopium or based on hundreds of hours of research or YouTube or Crypto Twitter.

5.Our personal narrative is OUR PROPERTY. No one has a right to make us feel guilty for having our own narrative. And that narrative will develop over time.

6.We also have our objectives. They may be externally set – we are saving to buy our daughter a house for example. Or they may be an internal target.

7.Targets may be fiat (I want my crypto to be worth A$500,000 then I will scale back (probably ). Targets may be #BTC

based – I want to own 1, or 5, or 20, or 100 #BTC

.

http://8.It does not matter how small or large our targets may be. They are all a function of our starting wealth, our monthly income, and the distance we along the #BTC

rabbit hole.

9.Some us keep thinking in fiat (e.g. C$, £ or HK$). Some of us have gone further down the hole than I have, and have transitioned into only thinking in #BTC

denominator terms.

10.Have you noticed – this thread is entirely not about how many coins you have, how many you want, what $K and $L are. It applies to all of us.

11.I have been talking, since I went ‘public’, to people who have bet the ranch on crypto, as well as to people to have a very measured diversified approach to their crypto holdings. I have chatted to those who consider #ETH the evil empire, and those who have flippened

12.from #BTC

to #ETH. I have spoken to those with a wide portfolio of Alt coins. And I have spoken to no coiners.

13.I have tried to be kind and give quality time and input to all of them, RECOGNISING that they all have personal crypto narratives, to which they are perfectly entitled, and which will almost certainly evolve.

14.Can we try to be kinder to out colleagues on CT? I say this as a retired fund manager / trader who has gone with traders to senior management to advise of an unplanned (and in one case unauthorised) significant loss.

15.I say this as a recipient of a phone call from the CEO at 2.26pm on 19/10/87 saying “Bruce, I can’t talk its kind of busy here. I need two numbers – how much has the bank lost from your book, and how much could we lose if everything went to your worst case scenario.”

http://16.It is a matter of record and some pride that I answered “Charles, zero and zero”. “Thank God”. He uncharacteristically crashed the phone down; he was a very polite sophisticated City gent.

17.There will be some, many, here, for which their crypto is fun and exciting. Who would be sad and disappointed if #BTC

went to $9,000 overnight. But it wouldn’t really MATTER.

18.There will be some here for whom #BTC

going to $9,000 might mean loss of home, partner, business, or even worse

http://19.Be kind please to those who are edgy and panicky, and may ask what are to some of us really stupid questions whose answer they could find in a second on Google.

20.There is much more to say – another thread.

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