Ok that's on the high end. What about the low end?
Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold
- Thread starter themickey
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https://stockhead.com.au/news/asx-s...ch-wrap-whos-interested-in-a-pump-dump-today/
ASX Small Cap Lunch Wrap: Who’s interested in a pump & dump today?
ASX small caps led the price action in morning trade today, as the Small Ords Index rose by more than 1 per cent.
That easily outpaced the ASX200, which was treading water after a directionless lead from US markets.
Elsewhere, US media identity Dave Portnoy is back in the investing game with a new-found interest in cryptocurrency.
Earlier this year, Portnoy (founder of media platform Barstool Sports) turned some heads on finance Twitter with his trading positions and general commentary during the post-COVID bull market in US stocks.
But after meeting with Bitcoin enthusiasts (and crypto trading platform owners) the Winklevoss twins, he’s now taking his talents to the alt-coin market:
Everyone knows you don’t say what crypto you’re about to buy until you’ve cryptonized it. #DDTG pic.twitter.com/LFAqzkkkmC
— Dave Portnoy (@stoolpresidente) August 17, 2020
For your reference, that video includes the phrase, “the thing I like about pump & dumps in crypto is that it’s encouraged”. Tell us what you really think Dave.
Sentiment in the crypto markets remains high, with Bitcoin holding above $US12,000 (~$17k) and another wave of speculative money flowing into more obscure assets.
ASX Small Cap Lunch Wrap: Who’s interested in a pump & dump today?
ASX small caps led the price action in morning trade today, as the Small Ords Index rose by more than 1 per cent.
That easily outpaced the ASX200, which was treading water after a directionless lead from US markets.
Elsewhere, US media identity Dave Portnoy is back in the investing game with a new-found interest in cryptocurrency.
Earlier this year, Portnoy (founder of media platform Barstool Sports) turned some heads on finance Twitter with his trading positions and general commentary during the post-COVID bull market in US stocks.
But after meeting with Bitcoin enthusiasts (and crypto trading platform owners) the Winklevoss twins, he’s now taking his talents to the alt-coin market:
Everyone knows you don’t say what crypto you’re about to buy until you’ve cryptonized it. #DDTG pic.twitter.com/LFAqzkkkmC
— Dave Portnoy (@stoolpresidente) August 17, 2020
For your reference, that video includes the phrase, “the thing I like about pump & dumps in crypto is that it’s encouraged”. Tell us what you really think Dave.
Sentiment in the crypto markets remains high, with Bitcoin holding above $US12,000 (~$17k) and another wave of speculative money flowing into more obscure assets.
it can only die after 2 halvenings
Buy both. BTC and gold have similar favorable long-term fundamentals. Gold is better as the more mature traditional store of value and has much lower desirable volatility...while Bitcoin is gaining popularity as a currency to transact with and has bigger upside. When BTC's volatility finally goes down to acceptable levels, it will far outperform gold.
BTC is already accepted as a form of payment by Microsoft, Overstock, Starbucks, and WholeFoods just to name a few. So its just a matter of time before Amazon does...which will open the floodgates for widespread use of BTC as money.
BTC is already accepted as a form of payment by Microsoft, Overstock, Starbucks, and WholeFoods just to name a few. So its just a matter of time before Amazon does...which will open the floodgates for widespread use of BTC as money.