Dave Portnoy, the founder of the sports portal Barstool Sports and a hobby trader, apparently doesn’t feel like Bitcoin anymore after a short time (BTC) and crypto trading.
“I’m really shitting with Bitcoin,” as Portnoy said on August 21st Twitter-Video notices. “It took me several months to understand stock trading, I’ll admit that,” said the sports journalist. And further: “I got on board and initially lost money. This is exactly what is happening to me now with Bitcoin. “
In this regard, the hobby trader explains that he simply lacks the time and patience to deal with the crypto market in a similarly intensive manner.
Portnoy is particularly critical of the supporters of the crypto currency Chainlink (LINK), which this year has become the shooting star of the industry thanks to substantial gains, and he even describes the so-called “Link Marines” as fraudsters. “Everyone just sells them,” he says with disappointment. According to this, the community would have artificially inflated and touted the cryptocurrency in order to sell it now while he held onto his investment and made losses.
“I don’t feel like it anymore. I know how the stock market works. Stock trading is going on with me. This bitcoin, I don’t trust it. Maybe I’ll be out tonight and never come back. If the Bitcoin fans want me to keep putting my money in, then Bitcoin will pick up again today or I’ll be fucking out. “
Yesterday evening, Portnoy confirmed in another Tweet then his withdrawal from Bitcoin, even if it left him with losses of $ 25,000. The crypto community was not long in coming and commented the exit promptly, with some voices accusing the sports journalist of giving up immediately when prices fall. Mockery and mockery therefore followed immediately.
Tweet 1: “With your stamina, you couldn’t even hold onto a piece of pizza.”
Tweet 2: “Haha! After only a week of crypto trading, the guy threw in the towel. “
Portnoy, who jokingly nicknamed himself Davey Day Trader, had already admitted in advance that he was not familiar with cryptocurrencies. Because of this, on August 13th, he had Tyler and Cameron Winklevoss invited to his podcastto learn the basics of crypto trading from the founders of the Gemini crypto exchange. In the course of this, he discussed a number of topics with the twins, including the cryptocurrency LINK, which he scolded, and decided to use $ 250,000 for crypto trading.
Just a few days later, the Barstool founder seemed well on the way to becoming a real crypto trader, since he himself had the controversial trading strategy “Pump-And-Dump“Praised as a legitimate practice. On August 18, he initially posted gains of $ 98,000 and $ 98,000 from Bitcoin crowned himself the “King of Bitcoin”, which would turn into millions of dollars in profit over the next few months. Now, however, the reign of Dave the First has come to a quick end.
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