“If you buy something like Bitcoin or some cryptocurrency, you don’t have anything that is producing anything. You’re just hoping the next guy pays more. And you only feel you’ll find the next guy to pay more if he thinks he’s going to find someone that’s going to pay more.” – One of Warren Buffett’s characteristically negative cryptocurrency quotes
In 2010, a Florida man paid 10,000 Bitcoins for two pizzas from a local delivery joint. As of mid-September, 2021, those pizzas would cost the equivalent of $4.8 billion. That’s roughly the gross domestic product of Montenegro.
Yikes.
The establishment still looks down on cryptocurrency as some sort of goofy novelty that will eventually run its course. They might point out that some unseemly people helped to give crypto its start, or that its technology makes it inaccessible to many investors. (We don’t doubt that Buffett’s disdain for crypto stems at least in part from his advanced age. Anyone who has tried teaching a nonagenarian how to use a remote control would rather jump off a cliff than explain blockchain to one. They’d probably land next to the body of the guy who dropped 10,000 Bitcoins on pizza).
For all its blessings, crypto is not for the weak of heart. If the average schlub lost 30% of his portfolio in a single day, he too would join the pizza guy’s cliffside cadaver. But fortune favors the bold, and in crypto’s case so does time. Tuck a little more of your dough into crypto every day, and soon you might be able to afford whatever Buffett rides around town in. (And I’m not talking about a hearse).
Cryptocurrency Quotes for Investors Who Don’t Need No Fed
- “The same people who thought Bitcoin at $100 was expensive, now think it is fairly valued at $30,000.” – J.R. Rim
- “Bitcoin is starting to resonate with the world. If you can pay attention, you can feel it.” – Tyler Winklevoss
- “Bitcoin is the most stellar and most useful system of mutual trust ever devised.” – Santosh Kalwar
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NEW DESIGN: BITCOIN PILLED
We remember a simpler time: when “cryptocurrency” only referred to the money you’d hide from your dad so he couldn’t spend it on Black Velvet, and if you heard your dad start playing his Roy Rogers records you knew to spend that night at the park. But now we have Curve, Convex, Tomb, Abracadabra and more. Better times!
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Colorful pills represent nearly every ideology people could espouse nowadays. Some are based. Some are cringe. It’s a tale as old as time.
But you? You are different. You appreciate that you can’t live a fulfilling life without some sort of ideology to underpin it. Yet you also appreciate that self-actualization isn’t achieved on an empty stomach. In less fruity language, you want to get filthy rich. You are officially out of the rat race as soon as you get to the cheddar, after all.
You are Bitcoin Pilled. You identified the world’s future financial reserve asset, and have committed yourself to amassing as much of it as possible.
That’s easier said than done, of course. You find yourself obsessing over graphs more than you would like. You often wish the risk/reward ratio were a little more skewed in your favor. And to make matters worse, you may soon have to start looking out for Senator Elizabeth Warren’s “anti-crypto army,” which would aim its bows and war clubs square at your hard-won investment.
But you interpret the elites’ animosity toward Bitcoin as a good thing. It’s a sign they’re afraid of being foiled. Their mission to own everything is very much fucked so long as a currency outside their control continues existing.
God bless your Bitcoin Pilled heart, and remember: we’re all going to make it, with the exception of those who are cringe.
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