Where are the bitcoin lovers now?

[jaygreenb]

Saylor took a fledgling company and says he is investing corporate cash but he’s not paying down the debt he’s issuing to buy bitcoin so he is running a the world’s largest, leveraged bitcoin hedge fund. In other words he has to say that.

I have no opinion on this for now. I sold today 89,000 making about 14,000 points in about a week, I’ll get back in when it’s a little cleaner.

That doesn't disqualify the video and his statements that I assume you didn't even watch, lazy response. He also wouldn't be making a such a large play if he thought it was a legitimate risk, just like every other major player who has done their due diligence. People with skin in the game are the ones who are going to be the most informed.

 

[Divorced w 3]

That doesn't disqualify the video and his statements that I assume you didn't even watch, lazy response. He also wouldn't be making a such a large play if he thought it was a legitimate risk, just like every other major player who has done their due diligence. People with skin in the game are the ones who are going to be the most informed.

Sometimes in my business being too informed is not a good thing. Understand and have a thesis yes, it’s not my job though to ignore what’s in front of me to position for a longer term, fundamentally driven belief. I don’t risk capital that way. I like to believe what’s happening in front of me and if my thesis proves itself I commit to it until I see it go the other way.

 

[jaygreenb]

Sometimes in my business being too informed is not a good thing. Understand and have a thesis yes, it’s not my job though to ignore what’s in front of me to position for a longer term, fundamentally driven belief. I don’t risk capital that way. I like to believe what’s happening in front of me and if my thesis proves itself I commit to it until I see it go the other way.

Respectfully, this statement in completely absurd lol You don't want to be informed on if a catastrophic risk is actually credible on the best performing asset in history. Not a good way to manage long term money.

 

[Divorced w 3]

Respectfully, this statement in completely absurd lol You don't want to be informed on if a catastrophic risk is actually credible on the best performing asset in history. Not a good way to manage long term money.

Im not managing long term money. I made 34% in 5 business days. I am out of the position. I’m going to get back when it shows itself more clearly. I am not a bitcoin investor or expert.

 

[Divorced w 3]

Honestly, man, if your goal is to swing trade for profit you could way more easily do this right now by buying ETH or any top alts. They are still insanely low in regards to their BTC pairs.

ETH to BTC: Ethereum Price in Bitcoin | CoinGecko

I'm thinking from here it is incredibly unlikely for BTC to see a 2x, but these alts can still provide huge profits at this point. BTC dominance is at 60%, so we are not even remotely close to alt season and peak euphoria. Not sure what your specific goals are, but alts could easily provide 2x+ gains if you buy now and willing to wait for up to maybe 12 months, if even that.

Best time would have to load up on alts before the election, which is what I did, but right now is still a decent to buy in if you haven't already done so or looking to expand upon your positions.

Took another look at ETH..looks pretty interesting

 

[jaygreenb]

Im not managing long term money. I made 34% in 5 business days. I am out of the position. I’m going to get back when it shows itself more clearly. I am not a bitcoin investor or expert.

Then why bring up the risk in the first place, you may as well trade anything, the underlying value and risks are meaningless. Plenty of price action on absolute dog sh%t. Anyway, best of luck

 

[Divorced w 3]

Then why bring up the risk in the first place, you may as well trade anything, the underlying value and risks are meaningless. Plenty of price action on absolute dog sh%t. Anyway, best of luck

Respectfully , your unjustified indignation aside, you and I just seem to look at risk differently. There are many types of risk. I am not just not so conceited as to believe that when something well established is going up or down directly in front of me by a massive %, that I have the right viewpoint to justify acting like I know more than the people that have the wherewithal to make a move like that happen on a major asset. You want to hold on to your bitcoins for a long time, more power to you. I don’t judge you for that. History is littered with the decimated account statements of HODL’s that believed in corporate charlatans that ignored what they were seeing right in front of them every time they read the quote in the paper or on their app. Maybe you have an issue with guys like me because I don’t feel the same way you do, but I’ll ask you this, one day you’re going to want to transact with someone at a pivotal price point and who do you think at all time highs or lows is going to be on the other side of that trade? You’re welcome in advance.