Securities trader Dave Portnoy throws away all his dogecoins to buy Bitcoin – Bitcoin Planet markets and prices
After vowing to never buy bitcoin again, stock operator Dave Portnoy sold all of his dogecoins, which he bought when the price was at an all time high, to buy bitcoin. After being called ‘paper hands’, Portnoy now says he will never sell his only bitcoin.
Dave Portnoy is now a proud owner of Bitcoin
American day trader and founder of the Barstool Sports blog, Dave Portnoy, finally bought bitcoin. He posted a video on Twitter on Monday revealing, âI bought a bitcoin when it was $ 48,000. That’s all I can afford. He tweeted:
I am the proud owner of 1 bitcoin.
After learning that Elon Musk’s Tesla sold some of his bitcoin, Portnoy said he would not sell his BTC. âI own 100% of my bitcoin,â he stressed. He then said on Tuesday that his bitcoin was up from the price he had bought it at, stating, “I’ve been on high since I bought it.” He also began to call himself “the bitcoin baron”.
Regarding his mini dialogue with Elon Musk on Tesla’s sale of some of his bitcoins, Portnoy said, âElon and I didn’t fight. As a true believer in bitcoin and proud owner of 1 bitcoin. It is my duty to defend myself against all lettuce threats, whether large or small, real or perceived.
From Dogecoin to Bitcoin
Before buying bitcoin, he was fascinated with dogecoin when the price hit historic highs. On April 16, he posted a video indicating that he would log into his Blockfolio account and see how to get involved in the 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 sold all of his dogecoins, but claims he did not sell at a loss. He precised :
I don’t own any DOGE. I sold DOGEâ¦ I bought it high and when the dogecoin wasn’t gone I sold it and moved on.
He also sells his first NFT – a pizza review. âIf you want to own a piece of history and a piece of my soul, this is your chance,â he said. noted.
Portnoy first discovered bitcoin when the Winklevoss twins visited his home in August last year to personally show him how to buy bitcoin through their Gemini cryptocurrency exchange.
In addition to investing $ 200,000 in BTC, he also invested in chain links (LINK) and orchids (OXT) at the time. However, as cryptocurrency prices fluctuated, Portnoy sold all of its coins and pulled out of cryptocurrency altogether. âI’m in crypto because coins don’t always go up. Inventories, on the other hand, continue to keep rising, âhe said at the time.
As the price of bitcoin continued to rise, Portnoy regretted selling his coins. He posted a video in February saying he would never buy bitcoin again. Admitting that BTC was the only investment that continued to rise, he said, âI know I’m a jerk with bitcoin. But I refuse to be the poorest man on the ship. I will not stamp the bridges.
What do you think of Dave Portnoy selling dogecoins and buying bitcoin? Let us know in the comments section below.
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