The CEO of BitCoin has spoken:
"With the first country in the world which implemented BitCoin as a legal tender I declare every strong volatility is 'strengstens verboten' from now on."
[Sign and Seal of the CEO of BitCoin]
Something about the misspelling of bitcoin like that really irks me, even for a joke... but frequently I do appreciate dweebs spelling bitcoin like that, and if they continue to spell it like that, even when they are called out (or asked to fix their spelling), and if they refuse to fix it, that is a pretty strong sign that they are disingenuous, likely NOT very smart about what is bitcoin and also likely butt hurt too.
…..
My no coiner brother recently texted me (when bitcoin around 50k)
“So looks like your Bit Coins are doing good huh?”
I was gonna correct his bitcoin spelling ignorance with my typical snarkiness but thought better if it,
and just replied with a stupid shit eating grin/$$ sign emoji.
I didn’t want to come of as an asshat know it all. ( even though I am…)
Of course, sometimes the balance will be more delicate with closer relatives - and then of course, if you have had a few interactions about the topic that can surely cause you to account for your history on the topic.
And, sometimes even with fairly close relatives (and ones that you communicate with on a regular basis), they might not even tell you if they may have taken a position, and surely if the market performs in one direction or another, they might decide to let you know.
I have already mentioned one of my relatives a few times who is really quite successful in terms of his career and his various traditional investments, and likely he really sees little to no reason for bitcoin - even though I had tried on him a few times.
Probably the first time was around the time in late 2014 (bitcoin around $385-ish) that I was informing quite a few relatives and friends about bitcoin, and so I sent out several e-mails and even ended up sending some bitcoin to several folks, and he was one of them that received $10 worth.. which was around 0.0261 BTC, and it must have been one year or so that he would drop little quips here and there about how much his $10 was worth - which was tending to be lower than $10, and I am pretty sure that he had not bought any BTC... but he would get his little digs in here and there.
Then I recall going to eat with him in March/April 2016, and for some reason he ended up paying for part of my bill, and I told him that I would send him the quantity in bitcoin of $20, and he said o.k. The price was around $424 at that time I made some kind snarky remark, and I am not even sure if he acknowledged whether he still had the earlier $10 or not.. but I said that if he hangs onto these bitcoins for 5-10 years or more, he is likely to be very well off with such bitcoins, and the amount that I sent was somewhere around 0.0472 BTC. He said o.k. no problem; he will take that into account.
I cannot recall if he made very many snarky remarks about bitcoin in late 2016 and into 2017, and so I was not sure if he might have been warming up to bitcoin a bit.. perhaps? perhaps? I recall that he had said something about about buying and selling a bitcoin, and that may have been in late 2017.. . and presumably profitable.. maybe he bought around $3k or $4k and sold around $7k, so he was kind of resentful in missing out on more profits for a short period, and then when his spouse was suggesting to buy more in early 2018, he was saying that he is not going to buy higher than he sold and prices were around $11k or $12k.
I recall around the end of May 2018, there was some kind of business deal being worked out between him and another relative in which I was going to end up receiving a product, and I was going to have to pay him $105. After we went over the various ways that I could send value to him, we agreed that I would send him bitcoin, and the BTC price was around $7,400. I recall lecturing him again in a kind of joking way to hang onto these bitcoins for a very long time and he will likely have very good price performance, but I don't recall going into details regarding how long.. but just suggesting several years at minimum. He again said o.k. without much argument or debate. So I sent him 0.01425 BTC, and I cannot recall having any interaction with him on the topic, but in early 2019, he had made some pretty strong statements that I had ended up hearing though his spouse that he was not very happy about bitcoin (except that he was able to write off some portion of what he had bought as a loss for his 2018 tax returns, and it was his ONLY investment in which he had lost), and I had said to his spouse that it seems ridiculous that he would not just have hung onto whatever bitcoin that he had because it could not have been very much in regards to his total investment portfolio.
So, surely a bit crazy with that particular relative, and I am thinking that he remains a nocoiner, and maybe remaining in a kind of bitter and hostile status, even though he must kind of know about it - but likely his financial circles are not painting bitcoin in a good light.. and he probably also has quite a few hesitancies in buying any kind of investment at a higher price than he had previously sold it.
Just my three small transactions to him of $10 (0.0261 BTC), $20 (0.0472 BTC) and $105 (0.01425 BTC)= $135 (0.08755 BTC) would now be worth about $3,371 (at $38,500), and would have been worth $5,682 at our $64,895 peak.. I am not saying that he would have gotten rich from those small amounts, but surely he would have been on the way of getting a BTC holdings of at least 0.21 BTC in order to fit into the anticipated upcoming elite.., and surely, I know that he had owned at least one bitcoin at one time, too... and surely he has enough money to buy a few bitcoins, right now, but they would be way more expensive now than they would have been in earlier days.. which may also contribute to some of his ongoing hostilities towards bitcoin. I am thinking that he may have also dabbled a bit more without saying anything to me, but I still believe that I know the essence of his bitterness.. and his seemingly ongoing "just say no" approach to BTC.
Actually, I might be seeing him this weekend.. so it has been a bit since I had seen him, and surely bitcoin and even other world financial matters remain kind of interesting topics - even though he does own several properties and even flipped a few recently, so he is not really suffering as far as I can tell from my a bit distanced perspective. Let's see if the topic comes up this weekend.. that is if I end up seeing him.
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