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This kid with laser eyes who does God knows what at $MSTR can't read the room

CN
Caleb Franzen
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1 month ago
AI summarizes in 5 seconds.

This kid with laser eyes who does God knows what at $MSTR can't read the room.

I had a call with a Cubic Analytics member 2 months ago.

He didn't have a job. He had just gone through a divorce. He took the remaining money from the divorce and used that capital to trade BTC & alts, getting completely wrecked in the process.

He was a really good guy and was trying to figure a way out.

Unfortunately, he was tunnel-vision that the way to get out was to trade more and he was booking a meeting with me to see if I thought BTC would bounce back and make new ATHs.

This was after I had already flipped bearish in mid-November.

I couldn't give him any false hope and encouraged him to lick his wounds and avoid revenge trading at all costs.

But he kept insisting if there was a way back.

I said, not in this environment... I think we're making new lows.

"Then should I short?"

I told him that he needed to stop speculating, because speculating in tough environments is what put him into this situation to begin with. He still had a large chunk of money left, but it was shrinking fast, based on what he told me.

I'm not trying to air out his dirty laundry.

I'm trying to highlight the uncomfortable and even desperate positions that people have found themselves in, particularly based on false hope from the "zoom out" bros.

Idk who Chaintanya is. I'm sure he's a good guy.

I also think Bitcoin is going much much much higher in the long-run.

But telling people that they're moronic for selling Bitcoin without knowing their financial situation, their obligations, their income, their risk tolerance, or literally anything about them is fucking ridiculous.

It's a terrible look for him. It's a terrible look for his employer. It's a terrible look for Bitcoiners.

It's embarrassing.


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Selected Articles by Caleb Franzen

1 day ago
I don\\\'t want Bitcoin to go down
28 days ago
Listen..
28 days ago
This market is painful
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