31 sats \ 3 replies \ @gmd 4 Mar \ on: Stacker Saloon
These Dave Portnoy being depressed about losing his BTC rants are really great 😂 Probably orange pilling a ton of people with his audience...
I disagree with his comment that people who just buy and hold bitcoin did not do anything. It takes conviction to buy and hold bitcoin, especially during the bear market. And it takes learning and understanding of bitcoin to build such conviction. The learning and understanding part is the proof of work. To have the conviction to not only hold on to it when there is a 70%-80% crash, but to go and buy even more, requires proof of work. It's not easy to hold on and continue to accumulate through the bear; or maybe we are just batshit crazy.
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I agree but I think he's coming from the perspective as a content creator and business owner.
For every 100 courageous new AI startups in the past 2 years, 95% will fail and these super smart founders would have done so much better working for FAANG and investing into NVIDIA.
So I can see his perspective of people of people who make money on money investing/trading vs people out there creating physical businesses which is super super hard.
I think for many of the truly orange pilled believers HODLing took little conviction because the case for BTC is so strong.
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Jeez, he might have to go on suicide watch!
I left a few words of encouragement.
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