{"id":21835,"date":"2025-04-12T21:16:47","date_gmt":"2025-04-12T21:16:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21835"},"modified":"2025-04-12T21:16:47","modified_gmt":"2025-04-12T21:16:47","slug":"8-charlie-munger-quotes-for-investors-through-this-bitcoin-price-retreat","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21835","title":{"rendered":"8 Charlie Munger Quotes for Investors Through This Bitcoin Price Retreat"},"content":{"rendered":"<div>\n<p>Even though he has given no new interviews or made any major new investments from beyond the grave, Munger made the news again this week for his amazing work ethic and sound investment advice.<\/p>\n<p>An article that appeared on CNBC reprised an old Munger quote that investors who can\u2019t handle bear markets \u201cdeserve the mediocre result\u201d they are likely to get.<\/p>\n<h3>Bitcoin Investors See Opportunity Ahead<\/h3>\n<p>The article related another bit of sage wisdom from Warren Buffett\u2019s long-time business partner:<\/p>\n<blockquote>\n<p>\u201cReal opportunities that come to you are few\u2026 Most people just get a few times when they can make a huge difference by seizing a huge activity.\u201d<\/p>\n<\/blockquote>\n<p>Many individual investors today believe that for them that opportunity is Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\u20bfuy the Future <a href=\"https:\/\/t.co\/tIcwWe0leX\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/tIcwWe0leX<\/a><\/p>\n<p>\u2014 Michael Saylor (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1910310391277564056?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">April 10, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Although Munger himself <a href=\"https:\/\/cryptopotato.com\/bitcoin-is-the-stupidest-investment-ever-charlie-munger\/\" data-wpel-link=\"internal\">was very<\/a> skeptical of Bitcoin and cryptocurrencies, BTC investors can apply his principled and disciplined thinking to crypto markets.<\/p>\n<p>With <a href=\"https:\/\/cryptopotato.com\/bitcoin-price-analysis\/\" data-wpel-link=\"internal\">Bitcoin\u2019s price<\/a> down by 27% in April since its Jan. 20 all-time high above $109,000, these selected quotes from Mr. Munger may be as timely as ever.<\/p>\n<h2>1. Sorting Out Market \u2018FOMO\u2019 and \u2018FUD\u2019<\/h2>\n<p>During times of rapid adjustments to market prices, social media can fill investors with FOMO (Fear of Missing Out) and FUD (Fear, Uncertainty, and Doubt).<\/p>\n<p>While Crypto X is a source of timely information and sentiment about market prices for Bitcoin and other volume currencies, it can be an environment with a high noise-to-signal ratio.<\/p>\n<p>Charlie Munger said:<\/p>\n<blockquote>\n<p>\u201cI try to get rid of people who always confidently answer questions about which they don\u2019t have any real knowledge.\u201d<\/p>\n<\/blockquote>\n<p>Crypto market posts that make extreme claims without evidence, arguments that contradict common sense, and that stoke feelings without providing additional information add to the noise.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\u201cI don\u2019t trust bitcoin because it\u2019s too vOlaTiLe\u201d<\/p>\n<p>Meanwhile, the stock market in the span of 24h: <a href=\"https:\/\/t.co\/D2QkBZZEWr\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/D2QkBZZEWr<\/a><\/p>\n<p>\u2014 Carla <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/26a1.png\" alt=\"\u26a1\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@HodlingCarla) <a href=\"https:\/\/twitter.com\/HodlingCarla\/status\/1910054760922685686?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">April 9, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>What set Berkshire Hathaway\u2019s profits so far ahead of the stock market\u2019s average gains was Buffett and Munger viewed Wall Street as a social media platform full of noise.<\/p>\n<p>Instead of setting up shop in Manhattan to bask in the echo chamber, these two spent their time far away from that noise reading the news and financial reports:<\/p>\n<blockquote>\n<p>\u201cIn my whole life, I have known no wise people\u2026 who didn\u2019t read all the time\u2026 You\u2019d be amazed at how much Warren reads, at how much I read.\u201d<\/p>\n<\/blockquote>\n<p>Rather than let their emotions bounce up and down with the crowd, these two extraordinary investors worked to stay informed and make investing decisions scientifically based on the correct math over the <a href=\"https:\/\/cryptopotato.com\/bitcoins-btc-silent-giants-whales-secretly-gobbling-up-the-supply\/\" data-wpel-link=\"internal\">relevant factors<\/a> in their investments.<\/p>\n<h2>2. Bitcoin\u2019s Price in This Bear Market<\/h2>\n<p>Some market participants panicked as Bitcoin\u2019s price fell by a third from its historic record high price level in January.<\/p>\n<p>\u201cThe market sentiment is full of uncertainty at the moment,\u201d <a href=\"https:\/\/x.com\/GroveXchange\/status\/1909653745169805656\" data-wpel-link=\"external\" target=\"_blank\">wrote<\/a> Australian crypto exchange GroveX in a note on Apr. 8.<\/p>\n<p>Individual investors using Internet cryptocurrency exchanges and Wall Street investors using ETF funds <a href=\"https:\/\/cryptopotato.com\/bitcoin-dumps-as-us-slaps-china-with-whopping-104-tariffs\/\" data-wpel-link=\"internal\">dumped Bitcoin<\/a> <a href=\"https:\/\/cryptopotato.com\/trump-tariffs-day-4-sp-500-closes-worst-week-since-covid-tech-giants-bleed\/\" data-wpel-link=\"internal\">as well as<\/a> stocks in a selling frenzy as Trump got to work measuring out tariffs on foreign imports.<\/p>\n<p>But Munger contends that following the crowd can lead to average results instead of outstanding performance:<\/p>\n<blockquote>\n<p>\u201cMimicking the herd invites regression to the mean (merely average performance)\u2026 Bull markets go to people\u2019s heads. If you\u2019re a duck on a pond, and it\u2019s rising due to a downpour, you start going up in the world. But you think it\u2019s you, not the pond.\u201d<\/p>\n<\/blockquote>\n<p>Instead of following the crowd, Munger recommends investors do their own research, run the math, and follow the graph:<\/p>\n<blockquote>\n<p>\u201cMankind invented a system to cope with the fact that we are so intrinsically lousy at manipulating numbers. It\u2019s called the graph.\u201d<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Bitcoin<\/a> is going to infinity. <a href=\"https:\/\/t.co\/leEsbRkG37\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/leEsbRkG37<\/a><\/p>\n<p>\u2014 Sriram | theya.us (@sriramHODL) <a href=\"https:\/\/twitter.com\/sriramHODL\/status\/1741142143299715338?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">December 30, 2023<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>3. Bitcoin Macro Hedge Fundamentals<\/h2>\n<p>In addition to Bitcoin\u2019s current and recent price data, as well as its overall trend, there is the fundamental analysis of its network activity in relation to its price to consider.<\/p>\n<p>Charlie Munger and his partner, Warren Buffett, both liked to say:<\/p>\n<blockquote>\n<p>\u201cI didn\u2019t get to where I am by going after mediocre opportunities.\u201d<\/p>\n<\/blockquote>\n<p>For over a decade now, in the world of currency investing, Bitcoin has been the most outstanding opportunity in terms of its novel design and function and its market returns.<\/p>\n<p>Bitcoin continues to signal its growing fundamental value with the ongoing massive expansion of the BTC mining network that secures all of its accounts and transactions.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">BREAKING:<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Bitcoin<\/a> Hash Rate just hit a NEW ALL TIME HIGH \u2014 going completely PARABOLIC!<\/p>\n<p>Every time this happened in history\u2026<br \/>\nPrice followed soon after.<\/p>\n<p>Get ready. It\u2019s coming.<a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Altcoins<\/a> <a href=\"https:\/\/t.co\/ajavbsIKL6\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/ajavbsIKL6<\/a><\/p>\n<p>\u2014 @CryptoELlTES (@CryptooELITES) <a href=\"https:\/\/twitter.com\/CryptooELITES\/status\/1910266491187929549?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">April 10, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">Because of the rapid pace of Bitcoin\u2019s mass global adoption, MicroStrategy\u2019s founder, Michael Saylor,\u00a0<a href=\"https:\/\/cryptopotato.com\/michael-saylor-says-he-will-buy-bitcoin-forever-heres-why\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">has found<\/a> outsized success in buying and holding BTC without selling during peaks or bear markets.<\/span><\/p>\n<p>Even if he never messed around with cryptocurrency, that investing strategy itself is right out of Charlie Munger\u2019s playbook:<\/p>\n<blockquote>\n<p>\u201cThe big money is not in the buying and the selling but in the waiting.\u201d<\/p>\n<\/blockquote>\n<p>Munger\u2019s two largest positions that he bought and sat on patiently to build magnificent wealth were both in finance businesses like Bitcoin: Wells Fargo and Bank of America.<\/p>\n<h2>4. Altseason and Picking Altcoin \u2018Gems\u2019<\/h2>\n<p>During bear markets is when some of the altcoins with the most potential really shine. But it\u2019s not necessary for the beginning crypto investor to bite off more than they can chew.<\/p>\n<p>Bitcoin is simple enough that Saylor built a market-leading strategy around aggressively buying and holding it. That\u2019s in line with how Munger thought about his investments in stocks:<\/p>\n<blockquote>\n<p>\u201cIt never ceases to amaze me to see how much territory can be grasped if one merely masters and consistently uses all the obvious and easily learned principles.\u201d<\/p>\n<\/blockquote>\n<p>But for those intermediate and advanced Bitcoin investors seeking opportunities with a higher risk-reward profile, long-term valuations for the top ten or so cryptocurrencies by market capitalization have plenty of factors worth investigating.<\/p>\n<p>Munger says:<\/p>\n<blockquote>\n<p>\u201cOur job is to find a few intelligent things to do, not to keep up with every damn thing in the world.\u201d<\/p>\n<\/blockquote>\n<p>PS: These 8 <a href=\"https:\/\/cryptopotato.com\/these-8-warren-buffett-quotes-are-rocket-fuel-for-bitcoins-price-today\/\" data-wpel-link=\"internal\">Warren Buffett quotes<\/a> are rocket fuel for Bitcoin\u2019s price today.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/8-charlie-munger-quotes-for-investors-through-this-bitcoin-price-retreat\/\" rel=\"nofollow\">8 Charlie Munger Quotes for Investors Through This Bitcoin Price Retreat<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Even though he has given no new interviews or made any major new investments from beyond the grave, Munger made the news again this week for his amazing work ethic and sound investment advice. An article that appeared on CNBC reprised an old Munger quote that investors who can\u2019t handle bear markets \u201cdeserve the mediocre [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21835","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21835"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21835\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}