These kind of notes are lessons in #hopium and #copium 101. #Bitcoin reached a USD denominated price of $69,000 on November 10th, 2021. 1,472 days later we are at $86,000. This is a 25% gain over a 1,472 day time frame. FUCKING TRASH! If you bought the top last cycle you haven’t even kept up with inflation! FUCKING TRASH! Bitcoiners aren’t concerned because they have quietly adopted a strategy called ‘RetardMaxxing’… It comes from the being solely focused on ‘staying humble and stacking sats’. Not saying this is bad - just stating the truth :) Stay humble and stack sats for 12 years (2.5 cycles) and adopt the strategy of RetardMaxxing! ✨ View quoted note →

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There is likely a large group of NGU 2021 bitcoiners likely to throw the towel in here. They were told a '4 year hold' is all you need to get ahead etc. The prevailing narrative is 'ai is the future don't miss out'. So yeah a large (naive) rotation out of bitcoin.
And it was us (Bitcoiners) who told them that. - Bitcoin is the hardest money on earth! TRUE! It has a 50-60% CAGR. FALSE - Stack sats for 1 year, I mean 2 years, 4 years nope, 12 years. Not great for older folks. - Inflation destroys your savings. Save in Bitcoin! Depends… Imagine if Strategy and Metaplanet hadn’t started accumulating? And the US, El Salvador, Pakistan and other nations had not announced strategic reserves? And Bhutan, Ethiopia, Russia, Norway, USA and Kazakhstan not mining on mass. And the FASB rules had not changed for accounting reasons in the US and ‘Block’ had not done what they have for the masses via Square? Bitcoin would probably be around ~40k if it was just plebs moving the needle. Stay humble and stack sats for 12 years! 🧡