And all you Bitcoiners could muster up was an extra 65% ?!?!?!?!?
I am talking Bitcoiners... NOT TRADERS!
But there were FAR better more lucrative trades than Bitcoins 600% rally from 16k over that period of time. It basically was just an average investment over the last 4 years. Matter of fact holding it and an S&P fund from the same time point (and not adding) almost performed the same.
What could I see 4 years ago that's even more clear today.
NOTHING is FOR SURE!
When the herd starts talking this guarantee just buy Bitcoin and ignore everything else mentality. That there is no way this can't and wont work. My bullshit meter starts to peg.
Life NEVER works that way. EVER!!!
And it's why Passive S&P ETF investors are about to get their asses handed to them.
They think they are so clever. It's just easy. You buy and number goes up always. Never worry.
Books and videos abound, just buy the VOO and lose your password. The Dave Ramsey's and Morgan Housel's of the world. Hey start your financial peace business in the middle of the largest bull market the worlds ever seen and tell everyone to always buy never sell. You look like a genius.
Until... OOPS. A 25 year once in 4 lifetime events takes place and you ride that 30 years of stacking right back to where you started.
One day TradingView and all that made fun of The Bitcoin Fink will appreciate the truth I was spitting. The warnings I was giving...
Bitcoin is dead.
Watch and see...
Crypto is finished!
The meme coin craze just popped the bubble.
The whole world sees through the bullshit now.
Even Plan B admitted that he's uncomfortable holding private keys and would rather hold an ETF.
Bitcoin failed!
Jack Dorsey has always said If all Bitcoin turns out to be is some digital get rich trading vehicle that you hold only to see the number go up it failed. And that's literally all it is. It's useless as a medium of exchange. It's unusable as a medium of exchange. Unless you are some high tech computer geek that uses a side chain. This is NOT scalable! Which forces you to come to the conclusion that XRP or DOGE is better at that. And that the current trusted system works just fine if we have to have people printing currency at will, better the Federal Reserve than some kid in his moms basement.
The fact that the there are 11.8 million cryptos now. It's exponential!
The gig is up!
Bitcoin is bullshit!
Crypto is a ponzi scheme by definition!
The greater fool theory on steroids!
Hey buy this digital space that I hope is worth more tomorrow than today.
Chinese ghost cities on crack...
One day everyone picks their chairs up and goes home. Then when the music stops.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.