Robbie Thomas
Hawk Tuah Coin
Today, on 7 December 2024, I saw the Hawk Tuah meme. I heard about it this year but didn’t consider looking. I saw a Hawk Tuah political shirt saying Hawk/Tuah 24, but besides that, I never dug into the meme. My favorite meme was from early 2001, called All You Base Are Belong To Us. Besides that, I never dug into memes. In my years on Facebook and Twitter, I rarely shared memes.
But in this post, I won’t be talking about memes; I want to talk about the Hawk Tuah coin. I heard about this a couple of days ago and thought how ridiculous it was for about five seconds, then just went on with my life. The Hawk Tuah lady, and yes, I know she has a name, but I don’t care to look it up; she isn’t the first person to have a cryptocurrency named after her. Someone I recently heard of, Jack Doherty, also made a cryptocurrency. Lots of lots of people hate Jack Doherty, and what I dug up about him didn’t amuse me. After crashing his McLaren, he was supposedly running low on money, so he made his cryptocurrency to help him. And last I heard, he has taken the rug under most investors.
Today, I heard the news. It started on 6 Dec 2024 at around 3:30 p.m. a half hour later, it dropped big time. Today, around 2 p.m., it returned to the positive mark, only to fall again 20 minutes later. You can look at that here—no article, just the graph. In addition, I saw a few articles on how people put their life savings into this coin.
WHY IN THE MOTHERFUCK WOULD YOU DO THAT?
When I heard that, it made me think of 2022 and how quite a few people told me it would be best to buy a house with a mortgage. I remember in the summer of 2021 when a family member urged me to buy a home by her. I told her I wouldn’t be doing that because all the money the government printed and handed out during the pandemic would come by and bite us in the ass. At that time, I didn’t know how exactly it would do it at first; I just knew a storm was coming.
Then, around the fall of 2021, I listened to a boring NPR podcast called Planet Money during one of my boring walks. They talked about the inflation that erupted in the late 1970s until 1983. The then-chairman of the Federal Reserve, Paul Volcker, had raised interest rates to combat inflation. During a congressional hearing, he sat in the hot seat and said he wouldn’t lower rates until inflation went down.
Then, in 2022, Jerome Powell would play that same game and raise the interest rates.
Am I the greatest investor in the world? No, I’m not. But, holy fuckaroni, why are people buying this bullshit? The Hawk Tuah coin? Jack Doherty’s coin? You motherfuckers are stupid as hell. I wrote a post about 2022 and how people pushed me to buy a house with a mortgage. I said hell no to that. But as time went on that year, even though I tried pointing these folks out to those higher interest rates, they would say for me to buy a house still or “you should’ve bought a house before those rates went up.” This also includes family members.
To me, these folks who were screaming at me to buy a house in 2022 are also the folks who would most likely buy the Hawk Tuah coin. Besides them, I think many people don’t want to read between the lines. Don’t want to look at numbers and financial reports. And don’t want to do the research needed to better your chances at a good investment. Or pray to God that you win the lottery or find the next best thing in crypto (which is highly unlikely).
So, minus family members, if you bought that coin and it went down, here’s one of my personal favorites:
Perhaps the Hawk Tuah coin will go up and this post I’ve written will come by and bite me in the ass. But I strongly doubt it… After this, I don’t feel so bad about my investment in Intel or Aurora Cannabis.