3 things that i manage to understand : #1. He is one of the richest man alive #2. Man was asking something about lambo #3. Mafia is going to take someone down
Here she comes, and I ain't talking about my girlfriend, I have my limit buy @10K, FOMC is set to raise rates by 50bps next Q, there goes the fun day ya;-)
Alright, took a break to play some Civilization IV. I come back half-expecting for the dead-cat bounce... instead ETH is in 2800 territory. Still seems like yesterday when I saw it at 4300. How fast time (crypto) flys. Funny thing, I just heard a super-bullish podcast that projected BTC can only go up (it was recorded a few days ago). Haw!
those podcast producers probably bought BTC at 69000. there are investors who only buy things when it breaks record high. It is a very popular investment strategy. There are quite a few ET members who use such a strategy.
And it's a valid strategy "buy high and sell higher" but you don't ever want to risk too much on a single investment. Otherwise it can be hard to cut your losses if, instead of continuing to go up, the thing starts going down. I learned that lesson the hard way.
It just occurred to me that we are going into expiration Friday... in a few hours. Oh look, BTC now in 38K range...