5 years ago, when my normie brother-in-law who does grounds maintenance started talking about wanting to build "generational wealth" with his new crypto portfolio, that's when I knew it was fucking over.
> brace
>>62074370And yet you didn't sell so you didn't really know did you?
>>62074370
Good job bringing him as exit liquidity. Him getting fucked by tradfi and pension funds is going to destroy his trust and belief in the entire boomerconomy system to a point where he is aokay with throwing the lot in a hole and let them painfully suffucate
There was a thread the other day talking about 'fumbling wealth but for real' talking about having bitcoins and selling them low.For me it was in 2024 when I realized MSTR would 2x any bitcoin move and bitcoin "was" going to run to at least 160k (though I was wrong about this) and then that MSTU would 4x any bitcoin move since it was a 2x on MSTR. I bought a bunch of it. I wouldn't have made it but my strategy was money into it in september (because september is 'always' a low month in election years) and then sell before the MSTR profit reports because stocks 'usually' dump before profit reports, and buy back in on election day gambling on Trump winning, because I believed BTC would run to 100k by january if he did (it got there faster and then underperformed for a year). All in all my target for MSTU was 224, though it ran to 304. I would have made about 370,000 dollars if I had followed this in-out-in-out strategy, which isn't making it but still burns my ass. CRCL IPO'd the next year, I could have paid my 100k in taxs to the US government then put 300k into CRCL and made 3 million in june 2025. Instead I'm a fucking wagegoy.
>>62074370No you moron, that's when it began. Crypto is in their very dreams... but they don't know how to use it yet, and if stocks are any indication they'll never know. They think buying 200 of a random altcoin will make them a multi-millionaire in the short term. They'll throw up their hands and sell when it doesn't. Then they'll catch a bit of news, gossip, one of their podcast bros will talk about how that coin they sold has 25x'd and they'll go DAMN! I could've had so much! And they'll buy right at the top and provide exit liquidity for the rest of us. Like magic.
Every bear market there is the real risk that people realize crypto is nonsense and it never recovers. That's why it is so difficult for most to buy the bottom. It is an extremely high risk investment where you can watch your money literally go to zero. There's really no reason for it to go up. The fact it is even hanging on this long is a blessing for baggies.
