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One of the notable reasons 2025 underperformed is a lot of Bitcoin capital was coaxed into buying expensive Treasury company stocks, which then proceeded to decline by 90% or more, incinerating value. The firms didn't buy BTC volumes anywhere close to the amount investors gave them. Stay humble, stack sats, is the wisest meme in Bitcoin, and it comes from the experience of Bitcoiners who have already learned this lesson. The new shinny thing is there to take your Bitcoin. Everybody is a scammer. The solution, is to stay humble, and stack sats. The promoters will return. Ignore them, they want your bitcoin. Stay humble, stack sats, and focus on your craft and family instead. View quoted note →

Replies (41)

↩ replying to _Checkɱate 🔑⚡🌋☢️🛢️
@_Checkɱate 🔑⚡🌋☢️🛢️ "Well there was always going to be leakage as management has to get paid (and healthily I may add)." Yes this is the central issue. And I know you would know as I'm sure you were amongst those who, due to your public persona, were offered enticing endorsement deal. When it gets to that stage when they would be so desperate to perpetuate the mirage at any cost, you know the whole thing has gone upside-down. Time to unwind. Personally I'm glad it bursts now and not later on. Such pathetic money grabbing. Good on everyone who just stack pure hard unconfiscatable bitcoin, for the uptenth time, once the market sorts itself out, the stackers will be vindicated.
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Seeing David Bailey brag about top blasting a bn, which was actually not a bn, nor done on the timeline he set, should be a nice reminder. These are not proven management teams, or even prior public market participants. Before becoming a treasury co every shell or penny stock was trading at a discount for a reason. I for one am not taking the time to vet for skeletons when I could just own the underlying. Now my question is how low do we go before we start popping treasury companies? I understand it is cold hearted but I enjoyed buying the Luna, 2AC, FTX (etc) liquidation cascade and I would do it again if I got the chance.
I appreciate your insights, thank you. Where did that capital go? May have changed hands, but it didn't just disappear. Pump and dump on bitcoin treasury company stock, but where is the capital sitting now? If bitcoin sentiment turns positive, couldn't the capital roll into bitcoin?