DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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You can never time the market.
No one ever made money timing the market.
Timing the market is a myth.
Peter Thiel: HOLD MY BEER.
“Peter Thiel’s fund closed almost all of its crypto positions shortly before prices crashed last year, according to the Financial Times. Founders Fund made $1.8 billion cashing out its bet on digital assets, the publication said.”
Let’s be clear on two things.
He was right AND wrong at the same time.
How so?
He loudly declared his love for Bitcoin, how revolutionary it will be and how it will consume the world as we know it.
I know right, sounds just like a Bitcoin Maxi.
He has made multiple claims on many occasions throughout the last 8 years predicting how it “moon”.
His last prediction for Bitcoin was that it will increase 100X to over $4M per coin.
That was back in Apr 2022.
He literally used his keynote presentation at the Bitcoin 2022 Conference to pump BTC.
He took out wads of cash and threw it at the audience!
He was trying to make a point that cash wasn’t as good as BTC.
And now we all know he was doing just the opposite while touting how high Bitcoin prices will go.
For those uninitiated, he is executing a classic pump and dump strategy.
He bought a bag of Bitcoins way back and with his clout and voice, he realised that he could influence the market considerably.
“Founders Fund first started pouring money into crypto in 2014 — when bitcoin was trading at around $750. By the time bitcoin reached its all-time high in November 2021, it had surged 8,500% from that level.”
So he goes on a Bitcoin promotional tour, promoting its glory and boosting confidence in the digital currency.
Others will listen, believe in his spiel and buy more BTC.
What happens when there is more supply for BTC?
Prices goes up.
What does Peter do with his bag of BTC?
He sells it.
He made $1.8B selling all the BTC he bought 8 years ago.
Sure, he was definitely patient and very disciplined to hold on for years.
But the fact that he was selling off BTC as he praised it and touts a 100X price gain?
Shrewd.
You might be wondering, is that even legal?
Well, its cryptoland and the wild west.
Not sure if it was borderline legal or illegal but certainly nobody can prove he did anything wrong.
I’m gonna say it was smart.
If I was a shareholder, I would be pleased.
He definitely knows how to game the system and make profits.
Good for him.
Bitcoin is 100% decentralised and owned by no one.
It is a free market and the market dictates its value.
If you can, by your means and resources, make profits from that system, good for you.
He was right and wrong at the same time.
Right that BTC did went up and he made enormous profits.
Wrong that BTC never hit anywhere near his price prediction.
Cool eh?
So now, every time you see someone touting anything loudly, just be extra discerning.
-
Did you know Peter Thiel made $1.8B from Bitcoins?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #web3 #peterthiel #markets #profits #founderfund #peter #billions
You can never time the market.
No one ever made money timing the market.
Timing the market is a myth.
Peter Thiel: HOLD MY BEER.
“Peter Thiel’s fund closed almost all of its crypto positions shortly before prices crashed last year, according to the Financial Times. Founders Fund made $1.8 billion cashing out its bet on digital assets, the publication said.”
Let’s be clear on two things.
He was right AND wrong at the same time.
How so?
He loudly declared his love for Bitcoin, how revolutionary it will be and how it will consume the world as we know it.
I know right, sounds just like a Bitcoin Maxi.
He has made multiple claims on many occasions throughout the last 8 years predicting how it “moon”.
His last prediction for Bitcoin was that it will increase 100X to over $4M per coin.
That was back in Apr 2022.
He literally used his keynote presentation at the Bitcoin 2022 Conference to pump BTC.
He took out wads of cash and threw it at the audience!
He was trying to make a point that cash wasn’t as good as BTC.
And now we all know he was doing just the opposite while touting how high Bitcoin prices will go.
For those uninitiated, he is executing a classic pump and dump strategy.
He bought a bag of Bitcoins way back and with his clout and voice, he realised that he could influence the market considerably.
“Founders Fund first started pouring money into crypto in 2014 — when bitcoin was trading at around $750. By the time bitcoin reached its all-time high in November 2021, it had surged 8,500% from that level.”
So he goes on a Bitcoin promotional tour, promoting its glory and boosting confidence in the digital currency.
Others will listen, believe in his spiel and buy more BTC.
What happens when there is more supply for BTC?
Prices goes up.
What does Peter do with his bag of BTC?
He sells it.
He made $1.8B selling all the BTC he bought 8 years ago.
Sure, he was definitely patient and very disciplined to hold on for years.
But the fact that he was selling off BTC as he praised it and touts a 100X price gain?
Shrewd.
You might be wondering, is that even legal?
Well, its cryptoland and the wild west.
Not sure if it was borderline legal or illegal but certainly nobody can prove he did anything wrong.
I’m gonna say it was smart.
If I was a shareholder, I would be pleased.
He definitely knows how to game the system and make profits.
Good for him.
Bitcoin is 100% decentralised and owned by no one.
It is a free market and the market dictates its value.
If you can, by your means and resources, make profits from that system, good for you.
He was right and wrong at the same time.
Right that BTC did went up and he made enormous profits.
Wrong that BTC never hit anywhere near his price prediction.
Cool eh?
So now, every time you see someone touting anything loudly, just be extra discerning.
-
Did you know Peter Thiel made $1.8B from Bitcoins?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #web3 #peterthiel #markets #profits #founderfund #peter #billions
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