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Hold onto your pants, we're in a bull run and an echo chamber

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by COINS NEWS 189 Views

Hold onto your pants, we're in a bull run and an echo chamber

The market is making huge moves and the total market cap is hitting all time highs of ~2.6T as of late.

Everyone's favorite things to do are become financially independent, abolish centralized banks, and speculate with their internet friends about how far along we are in the process - all while laying in bed wearing nothing but underwear. Truth be told, I might not be wearing underwear.

I'd like to give the fresh faces a heads up and remind the tried and true veterans that we consistently seek to confirm the bias of our own decisions, as a way to feel more confident about our investment choices.

The best way to do that is to hangout on Reddit on a daily basis where everyone is saying what you want to hear and constantly stroking your ego (mmm, updoots).

Some advice from a random guy on the internet:

  • This is a long term game and we're only just getting started. It will not be a straight line up and hasn't ever been. There is infinite heartache ahead of us while we strive to hit our targets and goals.
  • Choose an investment style that won't wreck your net worth or your psychological well-being.
  • Be cognizant that we live in a digital age where it's easier than ever to surround yourself with people that think just like you. For better or for worse.
  • Think for yourself and choose your own destiny, a simple trick that makes the red more bearable and the green more exciting.

This, but on an infinite loop.

I guess I'll put my pants on now.

submitted by /u/veryeducatedinvestor
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