Well, screw me sideways! It was only 18 weeks ago that Macrobusiness was deservedly lampooned at EZFKA.com for being so remarkably, rapaciously, wrong on bitcoin.
Just 18 weeks later, the circumstances and Dave’s own post are clearly just begging for a reprise, update and upgrade.
Starting with a click-batey headline that suggests that perhaps Davo has achieved some level of contrition, Davo in fact shows that absolutely nothing has been learned, even though the degree to which he is wrong has continued to click away, clocking up a completely clap-worthy 1,000% (ONE THOUSAND PER CENT)! And there I was thinking that 256% is a record…. nah, this is one for the record books. 1,000% – I dub that a ‘Kilowrong’!
This is the flourish with which Davo serenely signs off from his deflation imaginarium:
BTC may have killed gold for now. But it’s <sic> turn will come and when it does it will fall far further than gold ever could or would.
Meanwhile, in the real world, this is what has happened since his hapless hail-Mary – Bitcoin has happily hiked from $5,115 to $51,150++. I don’t even need an ancient abacus to ascertain that this is a 1,000% ascent!
It’s a shame (for Dave, and those who choose to follow) that his incessant insolence (or perhaps pig-headedness?) prevents so many prime profit opportunities.
Promisingly, some of the congregation are beginning to take a more pragmatic perspective, like my mate myne:
“It’s not that hard.” Indeed!
Meanwhile, passing on every possibility of profit merely because you refuse to acknowledge that the world is the way that it is is pretty silly, and certainly a good way to stay poor.