The short story of Dummy Le Dumbdumb: an educational cautionary tale.

Hi, I'm Dummy Le Dumbdumb.Today is August 28, 2020. I see Bitcoin is at $11.5k.I'm not gonna buy yet, I'm gonna wait for it to dip back to $10K.>1 week later, dip to $10.2KOh nice, the price dipped. But I think I can do better. I'm gonna wait for the price to drop to $9k.>1 month later, no dip. price: $11KOh wow that's expensive again.>1 month later: $14KGee whiz, that's getting expensive.>1 week later: $16KWay too expensive.>A few weeks later: $20KLast time Bitcoin was around this price, it crashed. Not buying.>Fast forward to $30KWow it's getting ridiculously expensive. Definitely not gonna buy now.>fast forward to $50KIt's definitely gonna crash now.>fast forward to $70Kdamn, I wish I had bought at $11K. If it dips back to $50K I'm definitely buying.>fast forward to $90KOh wow everyone else is making money but me. This thing might never stop. I'm BUYING.>fast forward to $95KI am so smart. I better go on Reddit and tell non-coiners how dumb they are.>1 week later: drop to $70KWait...what?>5 months of crashing: $18KFUUUUUUUUUUUUUUUUUUUUUUU​Thank you for reading, I hope you enjoyed this classic cautionary tale of "Dummy Le Dumbdumb".

Submitted November 13, 2020 at 08:25AM

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