"Don't mess with leverage. Don't spend more than you make. Just stay long bitcoin." It's really that simple.
| "Life is complicated enough. Everyone knows the purchasing power of fiat goes down. Everyone knows hard assets are a winner. Everyone knows the world is chaotic. While you want to be on the right side of optimism, of hope, the hard thing is finding that trade, finding that purpose, finding that technology. But for those of us that understand bitcoin... we found it! So it's hard enough to [determine] how do I short the dollar, how do I get on the right side of monetary debasement, how do I monetize chaos, how do I spend my time on hope, inclusion and decentralization? The fact that you figured that out is hard enough. So don't mess with leverage, don't exceed your means, just stay long bitcoin. " -Jack Mallers He just quit TwentyOne Capital over a "philosophical disagreement" and is going full time on Strike. You know it's tied to above -- so many places just want to make money on shitty derivative products and maximum leverage. He doesn't. I wish Strike offered ways to buy bitcoin on an open order book for lower fees because I hate supporting the Coinbases and Krakens that have gone so hard on crypto casino. Full Interview on Coindesk: https://youtu.be/icJ2WgIdQho?t=267 [link] [comments] |