How To Lose Your Bitcoin Hodl In One Easy Lesson Revisited and Updated

On January 15th of this year, I issued a special warning for Bitcoiners. At the time the price of bitcoin was over $43,000. Some heeded this warning. Unfortunately many did not.

At the time I wrote:

I write this because I have many bitcoin friends who have borrowed dollars against their hodl in 2021 following the prevailing popular belief that the bitcoin price will continue to rise.

Many of these friends have chosen not to work and are living off their mortgaged hodl under the delusion bitcoin will go up to $100,000, $300,000, or even $1 million and are living off of dollars borrowed against bitcoin.

It should be pointed out that a spike below $18,000 will wipe out all those who have fallen for this legacy system deception in 2021. Their lost hodl will be a sad event but well deserved.

Those following this legacy guru advice are assuming a spike below $18,000 will not happen.

Hard money is hard.

While there is great hope for a new generation with bitcoin due to it being the longest chain secured through proof of work, with a limited fixed supply, trustless, borderless, and unconfiscatable, all is for naught for those forsaking these qualities to participate in the latest legacy compromise.

Bitcoin is designed to work well apart from legacy systems. The legacy participation in 2021 changed the fundamental market…