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britz's avatar

Sun Tzu says: When stuck between BlackRock and hard place; be like liquid

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Cryptard's avatar

Excellent advice about staying anon. Only reason not to be anon (unless your incomes comes from being a public figure, and even then you can be semi-anon if you set it up right) is ego. Like you say elsewhere, avoid at all costs.

One other point: Thinking about "competing" with Blackrock is silly. You can't "compete" with billionaires/institutions and you don't need to. If you're a wildebeest, you don't have to be faster than the cheetah, you just have to be faster than most of the other wildebeest. If you can cobble together 10 rental properties that cash flow in your 20's, you're doing great. It doesn't matter that Blackrock bought 10,000 in the same time period. Same goes with computer coins. Nobody is going to "compete" with Winklevii, but that doesn't mean we can't all get rich. As you say, we're still way ahead of 95% of people.

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