Think you have a strong hand? After 2017
#Bitcoin
had an 83% retracement from $20,000 to $3,400. The equivalent price drop today would be from $69,000 to $11,730. That's where more HODL legends will be made. ๐ป๐
"And a huge problem with
#Bitcoin
โฏโฏโฏ is that you can't trust it because it's not backed by the government!"
Shout out to
@AwakenWithJP
for this absolute classic! ๐ป๐
Everyone is cheering
#Bitcoin
now being steadily above $40,000 and I totally get it. We all love NGU. I'm just here to give a shout out to those who started in 2021 and DCA/HODL'd from $60+ down to $15K and back up. The classes of 2013 and 2017 salute you. ๐ป๐ซก๐ช
@thevivafrei
Remember when they literally filled skate parks with sand. Sadistic bastards! Unbelievable the number of people who went along with this. ๐
Congratulations
#Ethereum
. You've just re-created a centralized monetary system whose policy is controlled by a few people. Really guys. What an amazing accomplishment. ๐ป๐
Amount of
#Bitcoin
owned by 2 companies:
MicroStrategy: 124,391
Tesla: 43,200
Total: 167,591
The annual amount of
#Bitcoin
to be mined after the next Halving: 164,250.
Let that sink in.
The big boys aren't even here yet.
Don't give your
#BTC
away cheaply. ๐ป๐
My car is 15 years old and I was getting a case of new car fever. Drank a few beers, listened to another
@michael_saylor
podcast and punched myself in the face for being such a little bitch. Fever is now cured and bought more
#Bitcoin
instead. ๐ป
Anyone who sells
#Bitcoin
because of SEC news regarding ETF's have no fucking clue what they're doing and shouldn't have been here in the first place. ๐ป๐
Four years ago today I did a smash buy of 0.014118789
#Bitcoin
when it was $17,706.90 to start this epic journey. Hell, I didn't even know what the fuck a Halving was. Cheers to all the fellow plebs I've gotten to know along the way. I love you all. ๐ป๐
I was talking to a nocoiner who was attending the
#BitcoinConference
with a friend. He said the interesting thing was that he hadn't heard one person talk about buying
#Bitcoin
to "get rich". I told him that's because we are here to change the world. He gets it now.
[Bitcoin at $60,000]: It's too late for me. I should have got in at $30,000.
[Bitcoin crashes to $30,000]: If Bitcoin can get back to $60,000 I am definitely buying.
*same person ๐ป๐
[Co-worker]: "Are you still into that
#Bitcoin
thing? I remember you talking about it for a few years now."
Me: "Yes."
"Should I get some?"
"No. It's probably not for you."
*me orange-pilling
My
#Bitcoin
Journey according to friends:
2017: You're so Smart!
2018: You're so Dumb!
2019: So Fucking Dumb!
2020: You're Still Here!?
2021 (April): You're a God Damn Genius!
2021 (May): You're so Dumb!
Few. ๐ป๐
#Bitcoin
pumped from $7,000 to $10,000 over the past month. It then has a retracement to $8,700 and No-coiners flood Twitter to tell everyone
#Btc
sucks because it dropped 12%. For any noobs out there get used to it. This is the
#HODL
life.
Would you rather memorize 12/24 words or stand in a 10 hour queue at an ATM hoping to withdrawal the $400 limit of your life savings before fleeing your country?
This is what's left behind after mining Nickel for electric car batteries. Amirite
@elonmusk
?? "Wasteful energy consumption by me but not for thee" apparently. ๐ป๐
The simple fact that properly stored
#Bitcoin
is unconfiscatable should make each bitcoin alone worth $1,000,000.
For the first time in human history people have an asset class that can't be seized or controlled by any bank or government.
Few understand this.
Just realized my
#Bitcoin
Twitter account has become a ๐จ๐ฆ Canadian Trucker Freedom Convoy account and I am totally fine with that. We got your back my brothers to the North! ๐ป๐
I remember quite clearly when I FOMO'd into
#Bitcoin
in late 2017. I did the intelligent investor thing and diversified my portfolio on Coinbase. 25% BTC, 25% BCH, 25% LTC and 25% ETH. If only I could go back in time and punch myself in the face. ๐
A sports bar owner told me the cost for a case of chicken wings has gone up 40% from $87 to $143. He can't raise prices too much or else he loses customers. The customer now pays 20% more while the other 20% comes out of his profits. Inflation destroys everything it touches.
Say what you will about
@100trillionUSD
and his Stock to Flow model but at least offered something to the
#Bitcoin
community at ZERO cost to anyone. He encouraged more
#btc
purchases than anyone else I hear complaining. It is a model and observation. Don't like it? Don't buy.
At $44,000 many institutions tried to dump
#Bitcoin
โฏโฏ thinking they could scoop it back up at $40,000. The HODLers said GFY and are still stacking. ๐