Famous Crypto Bro Sells His Crypto

追加: 2026-05-22

[00:00:00]Check this one out. This is from David Hoffman. I'm sure most people would recognize this this uh smug face here from David Hoffman.

[00:00:11]He said, "Has there been a huge vibe shift in CT over the last 2 weeks or was that just me selling the last of my Ethereum?"

[00:00:20]>> [laughter] >> Oh my god. And so this is like this is probably like one of the biggest advocates for Ethereum over these last 5 years.

[00:00:31]This David Hoffman fella.

[00:00:33]And he came out and said, "Has there been a huge vibe shift or was that just me selling the last of my Ethereum?"

[00:00:40]I'm telling you, man. I've I've been through I've been through it all here in in Bitcoin and crypto. And the one thing that was the clearest to me, I probably spent a year or two kind of going back and forth. I'm like, "Okay, well, I got this much Bitcoin over here, but I want more of it." And so what I'm going to do is I'm going to wait until this crypto that I have has gets to this price, and then I'm going to cash it in for Bitcoin. Like this was my mentality.

[00:01:03]This was my idea. And a lot of people I think are still in that same boat, unfortunately.

[00:01:07]But then I realized, "Hey, I'm looking at the world through a fiat lens."

[00:01:11]Because if Ethereum goes up to my price that I want, let's say I wanted to get to 5,000 bucks.

[00:01:17]That's great.

[00:01:19]Except that means that Bitcoin has also gone from 50,000 to 100,000 to 150,000.

[00:01:26]I was looking at the world through a fiat lens. And I really think that the majority of crypto holders out there are still kind of waiting for this exit point in crypto. And number one, I don't know if it'll ever come.

[00:01:39]But number two, if that happens, you have to understand that Bitcoin is going to go up probably 1.5 to 2x more than whatever shitcoin you're holding.

[00:01:50]And so that it's all getting flushed out now. It's all getting flushed out. And this is another very clear sign, David Hoffman, saying that he sold the last of Ethereum.

[00:02:00]his Ethereum. And so, the other thing too, and not just looking at the world through a fiat lens and and waiting for a certain point, but it's stressful, man. It's stressful, cuz you got to check the charts every day. It's like, okay, is my crypto up to this yet? How is it doing compared to Bitcoin?

[00:02:15]And you're like, what what's the best time here? How should I get out of this?

[00:02:19]But the answer to that is right the second.

[00:02:22]The answer to that was yesterday, and the day before, and the day before that.

[00:02:26]And people like David Hoffman are finally starting to figure that out.

[00:02:29]We've been talking about this for years on this channel.

[00:02:32]And it's it's finally kind of it's being flushed out right now.

[00:02:36]Because again, everybody just wants more Bitcoin. They think that they can cheat.

[00:02:40]They think that they can shortcut it.

[00:02:42]They think that they're some wizard that they can figure out how to get more Bitcoin ahead of everybody else. No.

[00:02:48]The only thing that you need to do is get Bitcoin, get it into your self-custody, learn how to properly self-custody it, and then literally just do nothing.

[00:02:58]And then you have something like this.

[00:02:59]It's not a vibe shift. It's just like all that that was on your back for so long is now gone.

[00:03:06]And I think that that's the one thing that most shitcoiners, or people who have gone from shitcoins to Bitcoin, will tell you is it just you just feel way better. Your conscious is way more clear. You're way less stressed. You're not waiting on anything to happen. You can just get it, put it in the self-custody, learn how to protect it, and then do nothing.

[00:03:26]You cannot beat that road.

[00:03:29]But again, it's bit holding Bitcoin is one of the most easiest things that you can do, because you literally do nothing.

[00:03:36]Nothing.

[00:03:37]You don't have to show up anywhere. You don't have to contribute anything. You don't have to figure anything out. You just do literally do nothing.

[00:03:44]But it's also the hardest thing, because humans have such a hard time doing nothing. They always want to be doing something. They think that if they're doing something, they're going to get further ahead.

[00:03:53]Which is true in some cases, but when you're trying to trade shitcoins for more Bitcoin, the likelihood of that happening is almost nil.

[00:04:01]So, what I would recommend anybody out there who's holding any sort of cryptocurrencies right now other than Bitcoin is just take the loss.

[00:04:10]Take the loss. I've talked to so many people they're like, "I need to get back to my break-even point." And I'm like, "No, because even if you do, even if that happens, Bitcoin is going to be way ahead and you're just going to end up with less Bitcoin because of that."

[00:04:23]You're going to end up with less Bitcoin every day that you wait to do this.

[00:04:29]So, my advice is just get rid of it. If you are somebody who files your tax returns, you're going to have a nice loss.

[00:04:35]Right? Like that's the thing that people miss here. You sell your shitcoins for a loss, you can claim that on your tax return as a capital loss.

[00:04:42]And then if you buy Bitcoin and never sell it, you're never going to have a capital gain.

[00:04:47]But if you do need to, you're going to have the capital losses to offset that.

[00:04:50]So, you're not going to pay any taxes anyways.

[00:04:55]I It's It's really not that complex to understand. It's just that people aren't willing to take 5 seconds and think about it.

[00:05:02]So, let me say that again because it is a brilliant strategy. Most people just kind of in one ear, out the other ear.

[00:05:10]But you sell your altcoins at a loss.

[00:05:14]You claim a capital loss on your tax return.

[00:05:17]You buy Bitcoin. The majority of bit that Bitcoin you never sell, so there's not going to be any tax consequences with it. But if you do need it to at some point in the future, if you need to sell some of your Bitcoin, and you're going to have a capital gain likely on it, then you can take your capital losses and offset that.

[00:05:33]The The flip side of that is that you wait until your your crypto gets back to where you bought it. You don't have any tax capital losses now to use.

[00:05:42]You put into Bitcoin, you're going to get less Bitcoin.

[00:05:45]There's probably You're probably going to be waiting for a very long time because there's so many people who are using that exact trying to do that same strategy.

[00:05:52]There's going to be no liquidity.

[00:05:54]And you you're just going to get way less Bitcoin.

[00:05:58]Those are the two options.

[00:06:02]And so I think the sooner you can again, this guy's been the biggest advocate for Ethereum over these last 5 years and he's telling me that he just dumped all of his Ethereum. He got tired of it. There's no future there.

[00:06:16]It's nothing.

[00:06:17]It's nothing. Because everything that isn't Bitcoin can be reproduced to infinity.

[00:06:25]Everything that isn't Bitcoin including Ethereum, including Solana, including MSTR shares, including STRC shares, everything that isn't Bitcoin can be made to infinity.

[00:06:37]Except for one thing.

[00:06:40]Bitcoin.

[00:06:41]And as more and more people figure that out, it's going to be harder for you to get Bitcoin and you're going to get way less Bitcoin. So, eat the frog, sell the altcoins, buy the Bitcoin, learn how to protect it, and literally do nothing.

[00:06:56]That's it. Thanks for coming to my TED Talk today.

[00:07:01]It's It's so obvious.

[00:07:04]But it's just like people it's too obvious.

[00:07:08]That's the thing. It's too obvious for people. People think that they need to be this freaking wizard to try to to try to get ahead in life.

[00:07:16]You don't.

[00:07:18]You don't