30 sats \ 9 replies \ @DiedOnTitan 31 Mar \ on: The Bitcoin Halving bitcoin
Very nice primer. A refreshing response to Kiyosaki's revolting and cringe advice.
Just to tear down his tweet further with a lot less grace than Carl did:
I am buying 10 more Bitcoin before April.
This invites $5 wrench attacks and normalizes publicly claiming how much Bitcoin you have, own, or plan to buy. This breaks the first rule of Bitcoin.
"The Having"
No. It's the "Halving". Kiyosaki positions himself in the Have class, and then provides cringe advice and fake news to the Have-nots. Carl explains the halving well.
If you can't afford a whole Bitcoin you may want to consider buying 1/10 of coin, via the new ETF's or Satoshi's.
Terrible advice. Breaks the second first rule of Bitcoin: NYKNYC. Buy the ETF?!?🤮 And wth does "buying 1/10 of a coin via ... Satoshi's." even mean?🤦
If the Bitcoin process works as designed, you may own a whole Bitcoin by the end of this year.
This just confirms Kiyosaki's ludicrous misunderstanding. Not only is he clueless about the tech, he completely misses the fundamental value of Bitcoin.
No. 1/10 of a bitcoin will not magically become a whole Bitcoin by the end of the year. Nor will 99.9999% of a Bitcoin become, on it's own, a whole Bitcoin. Ever.
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30 sats \ 5 replies \ @mo 31 Mar
It's a goldbug, totally understandable he makes this kind of mistakes. What else you'd expect?
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10 sats \ 1 reply \ @DiedOnTitan 31 Mar
I would expect someone with 2.5 million followers and millions of USD invested in Bitcoin to do the most basic research. At a minimum.
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16 sats \ 0 replies \ @CarlBMenger OP 31 Mar
Indeed. I mean it’s not some complicate shit, it’s just the fundamentals.
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0 sats \ 2 replies \ @CarlBMenger OP 31 Mar
I mean those folks should recognise the importance of Bitcoin first.
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10 sats \ 1 reply \ @mo 31 Mar
Agree, I assume is part of the current fomo wave
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0 sats \ 0 replies \ @CarlBMenger OP 31 Mar
Always has been.
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20 sats \ 0 replies \ @CarlBMenger OP 31 Mar
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20 sats \ 0 replies \ @CarlBMenger OP 31 Mar
Exactly. Just mind blowing to see so called ‘experts’ talking nonsense about #Bitcoin.
Nothing against Kyosaki in general, I think he did a tremendous job with his first book to wake up people of the fiat scam.
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10 sats \ 0 replies \ @justanumber 31 Mar
I wonder if he meant you could own the equivalent value of 1 bitcoin - at its current price 🤷‍♀️ I was pretty shocked to read that tweet, i know he's one of the "mainstream" people but good grief..
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