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99 sats \ 18 replies \ @Satosora 19 Dec \ on: Barber Shop Bitcoin Babble bitcoin
Everyone gets into bitcoin for one reason or another.
Once they get a taste of the short term profits, they might become a long term hodler.
Who knows?
But how were you able to control yourself and not talk about it?
I wasn't even tempted. I knew I would start bad mouthing BlackRock and Saylor, and I didn't know if that would be counter productive
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I suspect, amongst the truly well indoctrinated, professionally educated crowd, you were/would have been right. If they, well and truly, absorbed all of their college indoctrination, they would have been throwing rotten tomatoes and rotten eggs at you, real quick. Blackrock has been donating to colleges for too long not to have the fatal pull that they have accumulated and perhaps Saylor, being the silver-tonged devil that he is, may have spoken at their college when they were there.
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You could have led the conversation towards long term profits?
I wonder if they had a superficial knowledge of bitcoin, or if they have actually taken time to read about it.
I feel many people are in it for the quick profit, not realizing how much they are hurting their future by selling so quickly.
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This was without a doubt a quick profit bunch.
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Unless someone can send and receive Bitcoin actual Bitcoin (at least once) they don't understand it at all imo.
Someone buying the ETF without having made a Bitcoin transaction has no fucking idea what they are buying imo.
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Most of them/us were at one point or another.
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The Wall Street guys make money by churning your portfolio! How did you think they made money, by buying low and holding or selling high and buying low? The brokers and people advising other people on how to invest make commissions on how much they buy and sell, not on how much money you make. It is a mook’s game if you are in it.
You always have to look around the table for the chump. If you can’t readily figure out who the chump is, it is
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The Wall Street guy was probably Jewish too
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Why do you say that?
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Goldman is a Jewish name. Sachs is a Jewish name.
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I’m spreading anti Semitism
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Why?
Well it isn’t up to you to decide whether you saying something would be productive or backfire. Sometimes we need someone to plant ideas in our head even if we resist that new idea at that point in time - and you could be it haha.
But it must have a nice moment to witness. All these supposedly stupid working class people taking profits in Bitcoin, not resigned to their fate, believing in something other than the stocks narrative
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wise
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That was the first thought on my mind: I’m surprised you held back and kept quiet
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In my opinion... unless someone has the ability to send and receive Bitcoin reasonably without censorship...
They don't really hold Bitcoin. They hold a proxy-iou at best.
Real Bitcoin is where someone holds they own keys and can send and receive to an address if they so choose.
Etfs are't actually Bitcoin at all as the users have zero ability to send and receive.
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