Replying to Avatar HODL

A story that illustrates why I will never orange pill anyone ever again.

2015- Attempt to orange pill friend multiple times. No dice. Totally uninterested.

2019- He asks me if now is a good time to get into bitcoin. “It’s always a good time”. I set him up with a HW wallet and tell him DCA and chill.

2019- Friend calls me a few months later, he wants to put the down payment money for his house into bitcoin, but he’s nervous. I say no worries I will backstop your investment. What’re friends for?! I want you to succeed. He now has a no risk investment. Financed by me.

2020: Friend is doing well. Has been stacking hard and has 2 coins. A great stack for his income.

2021: He starts watching cringey YouTube videos about shitcoin trading. Gets into a private telegram, trades his 2 bitcoin into 4 and then gets rug pulled and loses everything.

2021: He’s near suicidal, very dark times. He doesn’t tell me anything because he knows I warned him about trading and thinks I’ll be disappointed in him. Finally he tells me. I help him get a personal loan so he can take advantage of the remainder of the bull run. He sells at 55k and manages to break even. He’s not up but he’s got his house money back.

2023: We’re out drinking with some other friends from high school. He expresses some jealousy towards me in a semi awkward fashion. “Every time I see this dude (me) I think about bitcoin.”

2024: I meet up with him so the kids can play at the park. Vibe is off. Lots of insecurity and tension. They’re going on a trip to San Diego and I ask if they might go to the zoo while there. “I can’t afford that. That’s for rich people like you”. Odd interaction, but I shake it off.

2024: A few weeks later he gets drunk and hits on my wife via text messages. She shows me immediately and I confront him. He’s like “sorry bro I was drunk I didn’t mean it”. I tell him off and make clear this is the last time we will ever speak.

No good deed goes unpunished. I could not have been nicer to this dude and more helpful along the way and he is fully consumed by envy towards me.

Unfortunate.

You don’t have a friend there my man. You have an acquaintance that can & should be easily dropped.

I can count real friends on one hand with a finger cut off.

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Discussion

This is an old friendship. We were really good friends 15-20 years ago and it’s been drifting ever since. Honestly it was easy to drop him once he crossed the line. I didn’t lose any sleep over it.

Friend is a word that gets used way too much & incorrectly.

Even if it’s an old relationship.

Reasons for the expressions “money corrupts” and “blinded by jealousy”. This is why “stay humble” is so correct. He should be thankful for your help and to take responsibility for his own actions. The line has definitely been crossed now.