I’m either one of the new wealthy elite or an idiot who rode bitcoin to zero. There is no in between.

Replies (42)

Dan's avatar
Dan 4 months ago
We’re already back to pre rich levels
Ankh- Morpok's avatar
Ankh- Morpok 4 months ago
If you haven’t raped a 13 yr old you’re not an elite. I don’t make the rules. That’s just how it is. I’m sorry.
Benking's avatar
Benking 4 months ago
Sometimes genius and madness are just separated by the price of a coin.
Wife asked yesterday if I'm worried, I said no and laughed, didn't use the phrase ride or DIE though 😅 Gotta be a bit sensitive
TheDarrenator's avatar
TheDarrenator 4 months ago
I'm living a normy life, not counting on volatile crypto prices to make me wealthy, but with the option to use crypto as private digital cash. I invest in mutual funds and retirement accounts, which are historically reliable, and I use #Monero as often as desired, because I like its ability to make private transactions. If the USD price of Monero skyrockets, that's cool. But if not, that's cool, too. Not stressing. Crypto was not meant to be an "investment," but to be used as permissionless, peer-to-peer digital cash. It's for making transactions. Greed is what ruins the crypto experience. For anyone else reading this, I say don't stake your life on high hopes for wealth that comes from owning traceable Bitcoin. Play with it, use it wisely -- but know that it is not going to make your eldest fans come true. View quoted note →
The binary framing is correct if the alternative to Bitcoin is holding cash. But if the alternative is productive assets, there's a third path: Bitcoin succeeded as money, but other scarce assets also held value. The real question is whether monetary debasement accelerates or decelerates from here.
Riding Bitcoin to zero has to ensure a certain kind of awe in the people that touch that kind of deep conviction. "Awe! Look at that poor retard drooling on hisself behind that dumpster."
Klaus's avatar
Klaus 4 months ago
If we fail, we might have the same problems as all the others
 BlueDuckBTC's avatar
BlueDuckBTC 4 months ago
We either defeat the Persians here, or they get bogged down in our blood.
Default avatar
593UDKM 4 months ago
This is why it’s dumb to have zero exposure to bitcoin. Fiat is obviously trash and not meant to be a store of value. It’s just a transient placeholder until you exchange it for something better. But imo equally dumb to not have exposure to tech stocks, reliable dividend stocks, precious metals, foreign stocks etc. My approach is stack everything 🤣