lylepratt on Nostr: GPT4 summarizing the doctrine of “Stay Humble and Stack Sats” with 10 core ...

GPT4 summarizing the doctrine of “Stay Humble and Stack Sats” with 10 core principles:

1. Educate Yourself: Understand what Bitcoin is and why it's valuable. Continuous learning is key.
2. Stack Sats: Regularly acquire Satoshis regardless of the Bitcoin price. This can be through purchasing or earning.
3. Stay Humble: Avoid getting carried away by temporary highs and lows in the Bitcoin market.
4. Save More Than You Spend: Aim to live within your means and save a portion of your earnings in Bitcoin.
5. Be Patient: Recognize that significant wealth accumulation takes time. Don't expect to get rich quick.
6. Embrace Volatility: Bitcoin's price can fluctuate wildly. Accept this as part of the journey.
7. Use a Cold Wallet: Store your Bitcoin in a secure, offline wallet to protect against theft.
8. Avoid Debt: Try not to borrow money to invest in Bitcoin. Over-leveraging can lead to financial stress and risk.
9. Think Long Term: Bitcoin is often viewed as a long-term investment, so resist the urge to make short-term, speculative trades.
10. Be Your Own Bank: Embrace the ethos of Bitcoin by taking control of your own financial destiny. Do not rely on third parties for storing or managing your Bitcoin.