Thread: Business Bitcoin, saw it on CNN
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Old 01-25-2022, 03:31 AM  
ZTT
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Quote:
Originally Posted by jscott View Post
To call investment of $100, hodling til $35000 dumb, is actually the dumbest thing I've heard all day
Okay let's continue pretending that it's possible you are this much of an idiot, because I find it hilarious.

You buy a bitcoin for $100, which AFAIR last occurred around mid 2013.

Late 2013: You don't sell at $1k, or even half that in 2014 after MtGox collapsed, and buy back in at a lower price, you just hold all the way down to $200

2017: You don't sell at $5k, $10k or $15k and buy more at a lower price, you just continue holding again, all the way back down to $3k

2019: You don't sell when given another chance at $10k and buy back at a lower price, you still just mindlessly hold, continuing to make zilch on your 'investment'

2021: You don't sell at $60k, another ATH, even when you have two golden opportunities to do so, with another massive warning crash down to $30k in between.

You just carry on not learning a lesson Dummy McDumbface, the dumbest chimpanzee in Dumbville Zoo would understand in five seconds, and hold all the way back down to $35k again

So instead of turning your 1 BTC into multiple BTC, you bought 1 BTC in 2013 and you have the same 1 BTC nearly a decade later.

And for some reason you want to advertise the fact that you think that's "smart investing".

You spent 100 USD and have made 0 USD on it since.

That's a 100 USD 'loss' for eight years straight on an asset that is, in USD terms, 350x what it was when you bought it.

Even if you sold your 1 BTC at the ATH last year though, the perfect outcome of your "smart investment" strategy of doing nothing while your asset repeatedly rises and falls, you made about $60k in eight years.

That's $7.5k per year.

There are 14 year olds on TikTok who make more than that in weeks, with what you call poopycoins.

As stated above, simply buying Dogecoin instead of bitcoin when this thread was started would have netted far more.

Buy something and never ever, ever, ever, ever, ever sell it, ever: "smart investing".
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