Thread by @stacyherbert

Bitcoin volatility is in the news and many newbies are naturally panicked.

Let me show you how I took the stress out of buying bitcoin.

A thread 👇

You are about to see how I turned high time preference shop til you drop Stacy into low time preference chill and stack sats Stacy.

I've been in bitcoin since 2011 & as @saylor recently pointed out, it wasn't as stressful to buy at under $50. While this is perhaps true in hindsight, it didn't necessarily feel like that at the time.

We are all humans and our fear and greed, panic and euphoria are what have driven markets since the beginning of time. I still get euphoric when I win 10 sats on @fold_app

So here is an experiment I started on 31 January 2018. While at the cash register about to mindlessly buy something - probably a pair of sneakers or a t-shirt that may have made me feel great for a day but that I would have lost or ruined by now, I decided instead to buy bitcoin

I put the item back on the shelf and bought $100 worth of bitcoin on @CashApp

Here is the receipt, I received 0.00983939 BTC

Today (despite bitcoin's crash) that is worth $420 . . .

I was going to 'spend' that $100 no matter what. It was money that I had intended to consume, rather than invest. So it didn't matter emotionally to me whether bitcoin prices had instead of going up 300% since then, gone down 30%.

The fact is, however, that bitcoin was about $15,000 in January of 2018 and it, indeed, went down by about 75% from there! Did I stress? Nope. Because remember, in my mind, the $100 was gone anyway. It was either the t-shirt or the sats.

As the price of bitcoin went down, I instead started to convert more and more of my non-essential spending into bitcoin.

And, in the past four years, I converted a lot of what would have otherwise been wasted $$ into bitcoin on my CashApp . . . 👀👀

While I could have bought $92,400 worth of pretty clothes (at least for one or two washes), I bought the equivalent in perfect money instead.

And without stress.

While turning my mindset of high time preference over consuming into a low time preference chill Stacy

I know that not everyone has as much $$$ to spend but we all waste some $$, even just $10/month - on non-essential consumer items - whether clothes, junk food, porn (I'm looking at you @ICOffender), cigarettes, alcohol, etc.

Those are stress free sats to stack. imo

Full disclosure: I own shares in $SQ which I bought simply because I saw myself using their product to lower my time preference

And I still use CashApp for that purpose while I dollar cost average at @SwanBitcoin