Buy bitcoin every chance you get, says hedge fund veteran Mark Yusko
https://www.cnbc.com/2019/09/26/buy...veteran-mark-yusko.html?__source=twitter|main
https://www.cnbc.com/2019/09/26/buy...veteran-mark-yusko.html?__source=twitter|main
Bitcoin Price Thread
- Thread starter Magna
- Start date
"Morgan Creek rolled out a cryptocurrency fund in August 2018...
“Buy it,” the founder, CEO and chief investment officer of Morgan Creek Capital said on CNBC’s “Fast Money” two days after the price of bitcoin plunged to its lowest level since June to $7,944.33.
...Yusko is sticking by his bullish call on bitcoin, saying the digital currency will reach $500,000 in the coming years. As of Tuesday morning, it was trading around $7,048..."
Translation...
"I started a crypto fund, and I am pumping my own fund."
$500,000 in the coming years.
On what basis is this assessment? Just another huckster.
When price hits record high,
speakers and writers will come up and say great thing about that financial instrument, and price would go even higher.
Similarly when price breaks support level,
speakers and writers will come up and say great thing about that financial instrument, and price would go even higher.
When you are doing investing, your view tends to be distorted. Your view tends to see price as always wanting to go north no matter what situation.
When you are doing trading, it forces your mind to question whether trend is uptrend, downtrend, or trendless.
speakers and writers will come up and say great thing about that financial instrument, and price would go even higher.
Similarly when price breaks support level,
speakers and writers will come up and say great thing about that financial instrument, and price would go even higher.
When you are doing investing, your view tends to be distorted. Your view tends to see price as always wanting to go north no matter what situation.
When you are doing trading, it forces your mind to question whether trend is uptrend, downtrend, or trendless.
He's recommending an asset he's invested in, that's normal behavior in Wall Street. He provided a bunch of critical metrics on the bitcoin network growth. He compared the price action to Amazon's over the course of 20 years which experienced 90% "crashes".
Still, everyone should do perform their own research and not follow anyone's advice.
Next: $3000
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FWIW, possible approaching death cross.
https://bitcoincharts.com/charts/bitstampUSD#rg730ztgCza1gSMAzm1g200za2gSMAzm2g50zl
https://bitcoincharts.com/charts/bitstampUSD#rg730ztgCza1gSMAzm1g200za2gSMAzm2g50zl
