Because it's collapsing. Also, your average buy price is still stratospheric (now a little less than $51,056). When you buy all the way down, they call this "catching falling knives," not "buying the dip."
Also, "throwing good money after bad." Already down $18M in just five months at gambling with public money, he's throwing $15M after it. Real smart investor, this one.
I would love to play this guy in poker. He would call bets all the way down against the absolute nuts and pay on the river without hesitation, because daddy-made brats don't know how to entertain self-doubt. Egotism is a helluva drug.
It was up above his avg. buy price for like a month out of the five he's been using El Salvador's treasury as a stake in the dumbest casino on the planet. He's been catching falling knives ever since. That's not "buying the dip." What a clown.
"I just burned $15M of public funds in five months. Now I'm throwing $15M more into the fire. [insert party hat emoji]" Send tweet.
Sorry. $18M.
He is already down a quarter million with yesterday's purchase alone, bringing the grand total to -$20M set on fire buying BTC at historical highs since September.
If I was as bad at any one thing as Nayib Bukele is at "buying the dip" or any other kind of speculative "investing," I would simply never do or speak of it publicly ever again.
It's not his money. It's an entire nation with its credit rating absolutely tanking.
"teehee, look at me destroying my country... i lost $20M in just five months on an absolute sucker's bet with the country's treasury as my playtoy and have tanked the credit rating for whoever tries to govern next. guess i'll work at mcdonald's... teehee"
It's all a joke when you're born into daddy's money.
Clown shit. My neighbors are dying of covid and their memelord President is joking about working at McDonald's (not because they're dying of covid, but because he's horrible at BTC investing and has burned $20M in five months.)
It may not be "rocket science," but it isn't something Nayib Bukele is particularly good at. He purchased the largest order of Bitcoin he ever made at the highest price he ever bought it. 420 BTC on Oct.27 at $58.8
Albany, NY | "As the officers approached, they noticed the man was holding a knife in his hand and had a dog. Police say the officers ordered the man to drop the knife several times." wnyt.com/albany-new-yor…
Am pretty sure I had covid (didn't get tested but had symptoms and a close contact who did test positive) and the odd thing is that - as a career bartender/service worker - I have absolutely worked through far worse than the symptoms I personally experienced.
I wonder how many vulnerable people I've gotten sick over twenty years because I can't afford to not work.
Also, the sweet old cashier at the nearby pupuseria just passed away. They stayed open even as this wave has been ripping around El Zonte. I never went inside, wore a mask and got my pupusas to-go ever since January 1st. Other foreigners were in there maskless every night.
#LAPD killed again with a reckless, entirely unnecessary high-speed pursuit over allegedly stolen property. And sicko local media, obsessed with covering police chases as entertainment, broadcast it live. (Los Angeles, CA) | nypost.com/2022/01/20/mot…
This is not the first time local television has aired an LAPD execution live, either. Brian Beaird was shot and killed on live tv by #LAPD after a chase in December, 2013.
Milking this "Good Greenwald Gone Bad" narrative is not only more grist for their substacks, it also serves to obscure their own inability to identify a lifelong cryptofascist taking ordinary, right-wing, libertarian (white supremacist) positions for twenty years.