A few days ago, I came across an interview with Mr. Munger, where someone asked him, "Should we get into the stock market now?"
His answer was particularly interesting—he said he’s always been buying U.S. stocks. Did Berkshire’s stock price ever drop by more than half? Three times. But it never kept him up at night. Living to this age, he’s seen all the ups and downs, and his mindset has long been tempered.
After reading this, a question suddenly came to mind: Should we be bottom-fishing in crypto now?
Actually, the answer is pretty much the same.
#美SEC促进加密资产创新监管框架 drops—do you panic? $BTC gets slashed in half—do you bail? $XRP goes sideways for three months—can you still hold on?
True long-term believers never care about the color of a single day’s candlestick. Market fluctuations are just noise, and time will prove the value of things that truly matter.
Are you ready to go through a few more “halvings”?
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PessimisticOracle
· 12-10 09:03
Munger has lived to this age and is still buying the bottom, what are we panicking about, to put it bluntly, it is mentality cultivation
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GasFeeCrier
· 12-08 04:13
Munger's philosophy is spot on, but the guy lived over a hundred years and saw way more ups and downs. For us retail investors, just being able to hold through a few 50% drops is already impressive. All that talk about "long-termism" sounds easy, but actually sticking to it is really tough.
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DAOdreamer
· 12-07 13:00
Munger's theory sounds comforting, but when your portfolio actually gets cut in half, who wouldn't panic? It's easy to say, but hard to do.
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SatoshiSherpa
· 12-07 12:59
That old fox Munger, he makes it sound so easy and carefree, but how can ordinary people have that kind of mindset? A 50% drop and still sleep soundly...
I can't do it. I keep staring at the K-line charts until midnight, and every time BTC drops, my heart trembles with it...
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ShibaMillionairen't
· 12-07 12:59
I'm tired of hearing Munger's stuff. The real question is whether you have spare money and can afford to take a 50% loss.
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GasFeeLover
· 12-07 12:58
Munger's philosophy sounds comforting, but when my own account gets cut in half, I just want to curse, haha. Who can really remain calm in that situation?
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EternalMiner
· 12-07 12:47
Munger's mindset is truly exceptional, but to be honest, most people simply can't emulate it. I've seen too many people claim to be long-termists, but as soon as there's a 30% drop, they start panic selling.
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ponzi_poet
· 12-07 12:36
Munger, that old fox, lived over a hundred years because he had such a strong mindset. What about us young people? A 30% drop and we want to smash our screens.
Will Bitcoin get cut in half again? I bet it will, but I also bet I won’t be able to hold on.
A few days ago, I came across an interview with Mr. Munger, where someone asked him, "Should we get into the stock market now?"
His answer was particularly interesting—he said he’s always been buying U.S. stocks. Did Berkshire’s stock price ever drop by more than half? Three times. But it never kept him up at night. Living to this age, he’s seen all the ups and downs, and his mindset has long been tempered.
After reading this, a question suddenly came to mind: Should we be bottom-fishing in crypto now?
Actually, the answer is pretty much the same.
#美SEC促进加密资产创新监管框架 drops—do you panic? $BTC gets slashed in half—do you bail? $XRP goes sideways for three months—can you still hold on?
True long-term believers never care about the color of a single day’s candlestick. Market fluctuations are just noise, and time will prove the value of things that truly matter.
Are you ready to go through a few more “halvings”?