Raoul Pal: "Bitcoin is the bet best I have ever seen in my career". Sets $250K target
- Thread starter Daal
- Start date
Also, I've never seen anyone push a product like Bitcoin. I see Bitcoin pumping threads published by bots show up in random Youtube videos where Bitcoin never even once came up in the video. Here's an example from a video published yesterday. I never see holders of Tesla, Apple, gold, or any other product that has a cult following resort to this...only Bitcoin.
Bitcoin is a network, all this "pumping" increases the reach of that network and makes it more valuable. Not much different from when people where recommending others to open a Facebook account back in 2009/2010. Good luck being on the other side of this trade
Seems crazy, and like a sure sign that we're in the later stages of the advance (so 50k is reasonable but not 250k), but in these markets who knows - this time really is different with unprecedented and explosive price moves across so many asset classes, and no ending catalyst in sight.
Best one can do is try to ride the momentum, take gains off the table at blowoff peaks and reload on dips, and manage risk as best you can.
Best one can do is try to ride the momentum, take gains off the table at blowoff peaks and reload on dips, and manage risk as best you can.
You'll never get anywhere with that attitude...
Except that Facebook provides real utility. That's why the Tesla and Apple fanboys don't go around with bots spamming the comment section in unrelated Youtube videos. The product sells itself so they don't have to. I don't recall anyone trying to coerce others into joining FB back in 2004. People wanted to join the network so they could easily communicate with friends and stalk people. Btw, the spamming behavior tells you something about who the spammers see as their target audience...who would be stupid enough to subscribe to Devon's newsletter based on those comments?
