Do you know what’s better than roses on my piano? Tulips on my organ.

You’re all mad because you lost money investing in bitcoin when it was pumping and then selling during a crash. Don’t worry, it’s safe with me.

I know you’d like to characterize it as dumb luck because that would make you feel better. The reality is that I’ve been making small monthly bitcoin purchases for the better part of a decade as a part of a much larger retirement fund.

When the btc price hit $100k, I sold most of the initial investment so that now I’m just risking losing part of my gains.

You can call it lucky and incredibly stupid. I can call it calculated risk.

Yes, there was. Thank you.

https://dig.watch/updates/el-salvador-profits-as-global-bitcoin-holdings-rise

Finally someone who knows what theyre talking about, with an actual valid criticism.

They didn’t buy it all at once. The price dropped between then and now and they were buying. Wikipedia has an entry on it.

I’m not an expert on El Salvador’s bitcoin, I just know you all sound like a bunch of sore losers.

You seem pretty smart. They should probably put you in charge.

I agree. No currency or store of value has any true value until you go to spend or exchange it. It only has potential value.

You do realize that Dollars also are also constantly changing in value.

I can’t say I understand the bitcoin hate in this thread. I have very real, realized gains.

Your meme should say, “I love working for minimum wage at Wendy’s”

What’s the point you’re trying to make here? You seem mad about el salvador’s bitcoin experiment. They made a little of money on their little investment.

Yes, he could sell it.

It’s commonly used as a store of value. When people invest in gold, what’s the use of that? They’re not going to actually use the gold for its physical properties.

I’m American and the unit of value that I’m most familiar with is dollars. We could convert it into any currency that you’d like. I could have also said simply that their investment had about doubled in value and roughly had the same initial value as about 10,000 economy cars.

El Salvador apparently invested about $270 million in bitcoin since 2021 and that investment is worth about half a billion bucks now. Oh my god, ha, what idiots!