The morons dumping on Bitcoin right now don’t realize this…

The morons dumping on Bitcoin right now
don’t realize that people like them have
been wrong 17 solid years. Now, if
you’re like me, you enjoy the early
years of Bitcoin. I love reading the
books about the early years of Bitcoin,
watching the documentaries about the
early years of Bitcoin, and I have read
them and I have watched them all. If
there was anything that described the
very early years when the price was in
the, you know, single digits, double
digit, triple digits, and even below a
dollar, uh, anything that describes the
early cipher punk movement, a whole, all
of that. And what you realize is that
the things people are saying about
Bitcoin now are exactly the same things
people were saying 17 years ago. So, as
you know, I post a lot about Bitcoin on
Facebook. And so I post things like,
“Hey, I bought, you know, I sold gold
and silver to buy Bitcoin at $95,000
Bitcoin.” Um, which was when gold was,
you know, 4,000 an ounce and silver was
$48 an ounce. Uh, which was a couple
months ago. I took out a Bitcoin backed
loan on Strike, S I ke, which I do not
recommend unless you can really, really,
really afford it, which I can. Um, and I
bought Bitcoin at a price of 82,000. Um,
and then of course in the comments
there’s all these morons who are like
five minutes later or you know a day or
two later they’re like, “Haha, Bitcoin’s
at $79,000. How’s that working out for
you?” It’s like, “Okay, It’s a
one-year loan for at $82,000.” So, we’re
not going to resolve this 48 hours after
a one-year loan. Like, come back and
check with me at the 12-month mark
because it’s a 12-month loan. Same with
when I uh sold the gold and silver.
People are like, “Haha, it’s not at
95,000 anymore.” Again, they don’t
realize if you go back to the early days
of Bitcoin, all the stories were the
same. I mean, people were saying, “I
just sold all my assets and bought all
the Bitcoin I could at $100 of Bitcoin
for $50,000, which is what they bought
500 Bitcoin or whatever that is. 50,000,
I guess it’ be. Yeah, whatever.” Um, and
then of course somebody is like, “Haha,
it’s 80,000. You know, it’s only $80.
You bought it at $100, loser.” And it’s
just insane. Like, I mean, here’s the
thing. If you’re going to run your mouth
on Facebook, you ought to get some
historical perspective. You ought to ask
yourself, hey, has an idiot said the
things I’m saying now at some point in
the past and been totally wrong. And the
answer is yes. I mean, there’s all these
there’s this famous tweet of somebody
saying, you know, Bitcoin crashed all
the way down to $2.13.
So glad I dumped all of mine at $8. It’s
never coming back. And then again,
people post that online and they’re
like, uh, you know, one one of the ones,
uh, someone posted, uh, was the guy that
had dumped all of his Bitcoin at $8 and
said it was never coming back. And, um,
and somebody posted, they tagged him on
Twitter and were like, “Hey, is this guy
still around?” And he responds, “Yes,
but dead inside.” Right? I mean, this is
the guy who said $8 Bitcoin was Bitcoin
is over. It’s crashed for the last time.
you know, it’s down to $2 and something
and I’m done. You know, and then there’s
other people early on that were like,
“Haha, you losers who bought Bitcoin for
$4, you know, or $2. Now it’s below your
talk, you know, you’re out of your buy
price going to zero.” Anyway, it’s just
insane. It’s insane that if you’re going
to run your mouth about something, it
seems like you ought to think about it.
They all show up on Facebook and they’re
like, “You buy Bitcoin at 82,000 and
then it’s down at 77.” and they’re like,
“Haha, how’s that working out for you?”
Thinking like, “What is that? Is that
like the first time someone ever thought
to ridicule someone who made a long-term
investment that happened to be down a
day or two later?” Like, no. That
happens all the time. On Monday, I
challenge you. Go buy Apple or Amazon
or, you know, Microsoft, uh, Nvidia,
Tesla, Google, Facebook, any of the
magnificent seven stocks, the highest
performing stocks of the last decade.
buy any of them and then see if the
price goes down at some point during
that same day below the price you bought
it for. Of course, it will. All of these
prices are volatile. The price is always
going to eventually be low below the
price you paid for it. And the reason
you can’t wait for that lower price is
you don’t know when it’s going to happen
and you don’t know what it’s going to
be. So, in my case, I bought more
Bitcoin at 82,000 because nobody knows
if it’s going to go lower than that.
They don’t know when it’s going to go
lower than that and they don’t know if
it’s going to go how much lower than
that. So if somebody wants to say, “Hey,
that was a dumb decision. How’s that
working out for you?” It’s like, “Okay,
when would you have bought?” First of
all, these people have no money anyway.
Like what are they, you know, it’s not
like they’re saying, “Hey, I bought
something else instead that’s doing
better.” They’re, you know, criticizing
the actions of other people without
realizing that people like them have
been wrong for 17 years. and that any
good investor knows that any asset you
buy ever will eventually be below the
price you paid for it because otherwise
you bought it at the exact perfect time
at the exact perfect price and that’s
impossible. Nobody buys everything at
the exact perfect time at the exact
perfect price. That’s impossible. You
cannot time the market. That’s like the
one the number one rule in markets and
investing is you can’t time the market.
You can’t you don’t know you don’t know
how low any stock is going to go. You
don’t know when it’s going to go low.
You don’t know when it’s going to be its
lowest price. So, you can’t measure the
timing and you can’t measure the price.
So, is Bitcoin the lowest it’s ever
going to be right now at 77,000 or
778,000
per coin? I don’t know. You don’t know
because nobody knows. Nobody knows any
of that sort of stuff. So, all you can
do is you can buy assets that have huge
long-term upside potential. You can buy
them at whatever price you buy them at,
whatever. And then you can wait a really
long time which is called investing when
you have patience for a long time. That
is how this works. And you know if you
invested in an asset that has high
long-term upside potential, which I very
absolutely positively believe Bitcoin
does, then it’s just a waiting game. You
buy and you wait, and if the price goes
down, you buy more. You buy as much as
you can and you wait as long as you can.
Like that’s what investing is. Uh so
Bitcoin’s on sale. The formula is
simple. Buy as much as you can and hold
on to it for as long as conceivably
possible. The best case place to buy
Bitcoin is river. R I Ver river.com.
River like you know rivers and streams
and lakes. Uh link it to a bank account.
You can buy Bitcoin that way. Um the
best place to keep and store Bitcoin for
the long haul is Bitkey bitke.orld.
That’s bit kell.
I post about it all the time and I post
about River all the time. Buy as much
Bitcoin as you can, hold on to it for as
long as conceivably possible.
Straightforward formula. That formula
has never been wrong in the entire 17
years of Bitcoin. No one has ever been
wrong who just bought as much Bitcoin as
they could and sat on it as long as they
could. Like, if you did that, you always
eventually made way more money in
Bitcoin form, which you could then
convert into any other kind of money
anywhere in the world. It’s just not
that hard. But all these morons who are
commenting on Facebook, well, they’ll be
proven wrong in the end. I don’t care. I
mean, I’m just buying more Bitcoin. So,
so what? I I know my investment thesis.
What are they going to do? What else are
they going to buy? There’s nothing else
they can buy that’s a better investment
than Bitcoin. So, good luck with that. I
don’t know what they think they’re going
to do instead. There’s no better
investment than Bitcoin. So, whatever it
is they think they’re doing instead,
which is probably nothing, is an
inferior option. And I don’t do inferior
options. I’m making the optimal choices.
And right now that’s buying Bitcoin.