Why Selling Bitcoin is Like Playing Slots at a Roaring Rascal’s Casino — Beware! 🎲💸

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Now, listen here, partner, selling Bitcoin is just about as wise as betting your last cow at a crooked house-rate casino, if you ask old Adam Back, the sharpest knife in the bitcoin drawer. In his talk with some fancy financial folks over at Unchained, he plainly states that trying to time the market is about as successful as a one-legged man at a butt-kicking contest. 🤦‍♂️

Back’s been around since Bitcoin was still a pup, yap yap, when its price was climbing faster than a squirrel after a nut, but, mind you, it was jumpy as a frog on a hot skillet. “If you see something that’s climbing like Jack’s beanstalk but wobbling all over,” he warned, “selling it is like trying to catch a greased pig—nearly impossible, partner.”

“The trend line is as straight as a preacher’s line, heading up and to the right, exponential as an over-caffeinated squirrel, and that there makes it about as smart as putting your thumb in a bear trap to sell,” he said with a chuckle.

Bitcoin rollercoaster

Now, Bitcoin’s got more twists and turns than a mountain serpent, swinging wildly like a cat on a hot tin roof. It’s been knocked down more than a rotten apple, with corrections above 80%, but those sturdy enough to weather the storm got a fistful of gold—over a 39,000% return, to be exact, in just a decade. That’s enough to make a preacher curse or a gambler smile. 😎

Back says the fast climb makes it jittery as a long-tailed cat in a room full of rocking chairs, until it settles into the full dance of getting folks to adopt it. So, hold on tight, folks—you might visit the outhouse faster than you think. 🚀

Bitcoin growth chart

The Diminishing Returns? Not Just Yet, Partner

Now, Back points out that big folks like Strategy ain’t just sitting on their hands. They’re scooping up Bitcoin left and right, even through fancy instruments like convertible notes—they’re playing their cards close to the vest, but they’re in it for the gold. 💰

And the big wigs with the deep pockets? They’re coming in hotter than a jalapeño, with sovereign wealth funds like Abu Dhabi sinking over four hundred million into Bitcoin ETFs. The government folks aren’t just sitting around either; Trump’s scribbled an order to create a stash of Bitcoin, and even New Hampshire’s governor signed a law for a reserve. Texas? Well, they’re fixin’ to make their own salty Bitcoin lagoon. 🤠

So, if you think this ride’s about to end, reckon again—things are just getting started, and the whole world’s giddy as a kid in a candy store. Buckle up, or you’ll be left in the dust. 🚀

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2025-05-28 00:42