After pledging never to buy bitcoin again, stock trader Dave Portnoy has sold all of his dogecoins, which he bought when the price was at an all-time high, to buy one bitcoin. Portnoy is now called ‘paper hands’ and now says he will never sell his one bitcoin.
Dave Portnoy now a proud Bitcoin owner
American day trader and founder of Barstool Sports blog, Dave Portnoy, has finally bought bitcoin. He posted a video to Twitter on Monday revealing, “I did buy a bitcoin when it hit $ 48,000. That’s all I can afford. He tweeted:
I am the proud owner of 1 bitcoin.
After learning that Tesla has sold some of its bitcoins from Elon Musk, Portnoy said he will not be selling his BTC. “I own 100% of my bitcoin,” he emphasized. He said on Tuesday that his bitcoin is higher than the price he bought it at, saying, “I’ve been all on it since I bought it.” He also started calling himself ‘the barron of bitcoin’.
Speaking of his mini-dialogue with Elon Musk about Tesla’s sale of some of its bitcoins, Portnoy said, “Elon and I didn’t argue. As a true proponent of bitcoin and proud owner of 1 bitcoin. It is my duty to defend myself against all threats conveyed by lettuce, whether large or small, real or perceived. “
From Dogecoin to Bitcoin
Before buying bitcoin, he was fascinated with dogecoin when the price hit record highs. On April 16, he posted a video saying he is logging into his Blockfolio account and seeing how he can get involved with dogecoin, which he called a ‘Ponzi scheme’. On April 20, Doge Day, he posted a video saying he bought $ 25,000 worth of dogecoin.
However, Portnoy confirmed on Monday that he has sold all of his dogecoins, but claims he has not sold at a loss. He clarified:
I do not have a dog. I sold DOGE … I bought it high and when dogecoin didn’t go I sold it and moved on.
He’s also selling his first NFT – a pizza review. “If you want to own a piece of history and a piece of my soul, here’s your chance,” he said said.
Portnoy first heard about bitcoin when the Winklevoss twins went to his house in August last year to personally show him how to buy bitcoin through their cryptocurrency exchange Gemini.
In addition to investing $ 200K in BTC, he also invested in chainlink (LINK) and orchid (OXT) at the time. However, as crypto prices fluctuated, Portnoy sold all of his coins and got out of cryptocurrencies all the way. “I’m after crypto because coins don’t always go up. Stocks, on the other hand, are always increasing, ”he said at the time.
As the price of bitcoin continued to rise, Portnoy regretted selling its coins. He posted a video in February saying he will never buy bitcoin again. Admitting that BTC was the only investment that kept increasing, he said, “I know I’m an idiot with bitcoin. But I refuse to be the poorest man on the ship. I will not wipe the decks. “
What do you think of Dave Portnoy selling dogecoins and buying a bitcoin? Let us know in the comments below.
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