This is why I have liquidated my position in Bitcoins. There is very little upside going forward. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.
Big oof
Anyone do a wellness check on the dude?
Pretty sure this was his final forum post.
Obviously, hindsight is 20/20 so I don’t really fault too many people in the early days for not giving magic internet money a fair chance. But also sad he didn’t at least diversify a small portion. What a missed opportunity.
I’m trying hard to imagine what a “position in Bitcoins” looked like at $20 or less. $1000 would have been worth an entire block of 50 BTC at that point.
Damn
Ah fuck I thought we lost you for a second 🫨
The username gave it away
a significant change in the economy did occur.
- narrator voice
“I sold too early” moment🤣
Read ‘The Fiat Standard” first then you will come back
