Kubera: Dave Portnoy #DavePortnoy Regrets his BTC Sale. Honest Bitcoin Video opinion from @Kubera Crypto TV
Dave Portnoy regrets his BTC sale, he bought over $1M and sold with a $25K loss only for it to go back up shortly after. Now he admits, what would've been a $6M portfolio in crypto, was a mistake on his part for paper hands. But he also realizes he does't understand crypto that well. Mr. Wonderful also changed his mind on BTC, now owning 5% of his portfolio in crypto.
#BitcoinRegret #BitcoinFOMO
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Mini Article
Barstool Sports founder as well as president Dave Portnoy, who rebranded himself as stocks expert "Davey Day Trader" throughout the COVID-19 pandemic, acquired $1 million well worth of Bitcoin last August when the cost was at $11,500. After that he marketed it in a panic 2 weeks later when it went down, for a loss of $25,000.
Currently Bitcoin is above $60,000, as well as Portnoy claimed in a Saturday evening Twitter video that he "fucked up Bitcoin" since he paper-handed"-- a social media sites term on forums like WallStreetBets for somebody who nervously exits their position, as opposed to hanging on with "ruby hands."
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" I wish to congratulate all my #bitcoin people around," Portnoy stated in the video clip. "When you're wrong, you're wrong. I fucking paper-handed, marketed it. I fucking can not take bitcoin, the ups as well as downs. I want I had it. I took all my cash and I place it in what I assume I understand, as well as what I can control. I don't recognize bitcoin. I fucked up."
What Portnoy believes he "understands" is stocks-- he famously made big returns by buying airline supplies early in the pandemic when they had actually dropped huge, before they later on rose back.
Bitcoin Is Pumping. Is Barstool's Dave Portnoy Salty?
Dave Portnoy, president of Barstool Sports as well as bored day trader, sold all his Bitcoin months earlier. Yet he still can't let go, a brand-new video suggests. Said Portnoy in the video he tweeted today: "...
Had Portnoy hung on to his bitcoin, his $1 million risk would certainly now be worth greater than $5 million.
Portnoy likewise has hefty holdings in Penn National Pc Gaming (PENN), the betting business that acquired a majority stake in Barstool Sports in January 2020 as well as has actually released Barstool-branded sportsbook apps in Pennsylvania and Illinois.
Penn hit a new all-time-high on Friday after it was announced it will certainly be included in the S&P 500. On Saturday, just four minutes after tweeting his Bitcoin video clip, Portnoy tweeted a chart revealing that Penn supply is up a lot more than Bitcoin over the past year: 2,787% vs 966%.
"On Second Thought I Presume I Did Okay Sticking With What I Know This Year," Portnoy wrote, adding the hashtag #DiamondHands.
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