Monday, February 22, 2021

Too Smart to Buy Bitcoin, Too Dumb to Sell Bitcoin

It's a simple fact that the Yuppie class (middle-class, city-dwelling, well-educated with well paying jobs) will be the last to board the cryptocurrency train. Incidentally, most financial bloggers fall into this category. 

They will FOMO buy the exact picotop by the absolute cent, to which the entire market will nod at each other silently, and start dumping in unison. These yuppie buyers will proceed to hold rekt bags of ponzi coins while cursing at it as they come crashing down - as they always do, at the end of every cycle. 

And then when they are drowning in maximum despair and depression,
They will throw in the towel and sell them all back to me.
At the exact picobottom.
By the absolute cent.

And then we get our next bull cycle.

Always remember to 

Have Fun Staying Poor





For further reading:

https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin 
(written in Aug 2020, when the price of Bitcoin was $11,500)

4 comments:

  1. Good to hear from you! So are you thinking higher probability we go lower now than higher? Almost 1/3rd of post from finance.sg is on crypto now

    I've already hedged about 60% of my current portfolio (BTC ETH and DEFI). Thanks for sharing your thoughts over the past few year :)

    ReplyDelete
  2. Can't wait to dump on them.

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  4. Hi GMGH, where do u put ur btc in? Do you place it in blockfi?

    ReplyDelete

Observe the house rules.