More than likely, he's trying to forget that this ever happened.
He is sitting pretty on more than 600BTC that could be worth millions in just a few years. What investments do YOU have that could make you a millionaire?
Only in bitcoin land can a person be "sitting pretty" on an investment that's already lost 50%. So dumb...
and if its worth 10million usd in 5 years .........was it still dumb ?
some people people dont care about the daily price ,theyre in it for the long term
like buying a property in the hope it will gain in value over years or storing bars of gold etc
except people will always need houses and they'll always desire precious metals. do people need digital tokens? no. the only reason 99% of people are buying any at all is because "they might be worth millions in a couple years", not because they have any inherent value.
smart people invest "long term" in stocks, bonds, real estate, etc.
gamblers and "get rich quick" types invest in digital tokens that are promised to go "to the moon" just because it's "inevitable" for reasons that nobody can seem to articulate.