The reason I peddle #Bitcoin only so much is because I want every working class person to have financial sovereignty.

You are free to do whatever you want. I am not against people gambling money at the casino of their choice whether that be Vegas, shitcoins or block fi.

1/
The issue I have is that new people entering the space are obviously attracted to gains, and that is normally from experienced traders cycling shitcoins OR groups specifically pumping coins with a decent amount of capital.

You’ll notice a lot of OGs peddling crypto’s

2/
The real story is they have their net wealth in Bitcoin and will gamble a mere 1-10% on other ‘investments’ but they are ALWAYS looking for an out when they have made enough profit. The out is into #Bitcoin

3/
This is the same as the block fi shills, like Dan, Jason, Pedro etc. They are happy to show you gains in block fi to promote how great it is. But they are NOT happy to disclose how much of their net wealth they are putting to risk. When you see Dan openly say he put 10 BTC

4/
To work in Block Fi, to most new people, they would be shocked about the amount in dollar value Dan is risking , but in reality it’s likely to be less than 1% of Dans net worth. Bitcoiners aren’t against investing, that’s the entire point of saving in #Bitcoin

5/
To have the ability to save capital in a stable asset and deploy capital when you see fit. Bitcoiners like Vijay, Francis, Saife, Stephan, Hodl, Matt and Marty have been through the cycles, they have seen these Shitcoins come and go. A lot of them have admitted that they have

6/
Dabbled in shitcoins in an attempt to make more #Bitcoin most have been unsuccessful. When you see .eths screaming ‘maxi’ this and that, they are normally trying to get you to pump an illiquid shitcoin that will inevitably pump and dump on you whilst you hold the bag in

7/
Anticipation of the next pump. Unfortunately they have made the trade, you are the sucker and have then lost your precious Sats. I personally love seeing normal people become financially free and changing their lives, but gambling in penny stocks/shitcoins will work for a

8/
Handful of people, and it’s likely not you.

If you are new here, Buy as much #Bitcoin as you can afford, when dollar/sat parity is here, you will look back in either regret or thankfulness that you accumulated enough Sats for the future.
You can follow @Bitcoinbot1987.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:

By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.