Bitcoin Price Thread
- Thread starter Magna
- Start date
Why would he recommend selling if he owns it....nearly 99.9% of the talking heads on cnbc who own funds related to bitcoin of course aren't going to say sell or tell you it's going to drop or collapse or that it's in a bubble...why would they...they are hyping it up just as much as the next fool on cnbc.....
He was asked if he had sold any and he said no. Bill Miller is a value investor so he clearly thought bitcoin was undervalued at $400, and what does it tell you when he's not selling at the current price at over 3000% profits?
You have some major issues caused by the greatest bull market
I suggest you see a psychologist before it's too late!https://www.forbes.com/sites/petertchir/2018/01/07/the-five-stages-of-bitcoin-grief/#5296b5647ef4
8 % vig is a little steep.
It is.
$100 is the minimum amount I would consider for a bitcoin transaction. That's not the norm as it's usually $500 or higher (for me). I would prefer to use another coin for small transactions (i.e. Litecoin) but bitcoin is the one that is widely accepted.
Just a FYI...Bill Miller will ride a failed trend all the way into, and below the ground. That is just his style.
1. When one has a huge interest in the price movement, one is not going to shit talk against his position be it long or short.
2. When his cost basis is so far away from the current price, he can comfortably ride the waves without much worry.
In short: His opinions are irrelevant and subjective.
Now had he been market smart he would have sold at 19-20K and rebought at 12K. This is just an example, the point is, if he can trade it he would ride the bigger waves up and down. Props to him for holding this long, but people like him end up holding it all the way down, because of the #2 point above.