Quote:
Originally Posted by Jetlikespeed
for the Hawaiian people now on the Alaska threads
OTZ is our crazy relative at the thanksgiving dinner that your mother doesn’t like
he’s always in the know- some connection. Broken clock is right 2x a day
also he’s rich off bitcoin. source: trust me bro
Even if you do trust that he bought 121 BTC in 2020, not 2021 as he bragged about numerous times. He's lost out on an amazing opportunity to make an eye watering amount of money:
He panic sold his 121 BTC at 39K. During what he thought was a "sell the news" event. Not a bad profit of just under 4 million. For someone who doesn't understand the assets he holds, the halving cycle or basic Elliot wave Theory, he got really lucky.
Just a couple of months later those BTC were worth 73K. 8,833,000 dollars. So far he's left about 4 million on the table.
Even now at 67K, 67.3K at the time I write this the BTC would be worth over 8.1 million dollars.
The most important thing to keep in mind is not to take anything he says seriously. He just got lucky. It happens.
His track record shows he doesn't understand how markets work, he doesn't understand basic theory about investing. He doesn't take the time to research basic things about the assets he owns. Please do not let him concern you about staffing levels or furloughs.
He also apparently does not understand that the internet is forever....