Yesterday I wrote about Thomas Lee who has continually made a serious of outrageous and incorrect predictions about BTC but he is not alone. Whilst doing a bit more research I came across this list of others who have made similarly stupid pronouncements in public. Souce – Nick Maggiulli
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Back in May, Thomas Lee, head of research at Fundstrat Global Advisors was predicting a rally to $25,000 by the end of the year. And despite things not playing quite in his favor — the cryptocurrency is currently trading below $3,400 — he’s sticking to his guns. More here – Bloomberg I do love it…
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Awoke this morning to note that cryptos had once again fallen out of bed. Coincidentally the good Dr Joe sent me the following t-shirt which he aptly stated was a good t-shirt for people still clinging to the dream of Bitcoin going to $1M – which is a prediction I heard more than once last…
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I got this little mailer from IG Markets and it contained the following closing paragraph. The lesson the day is…..read your history it is surprising what it tells you about today.
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LB and I have just wrapped up the final in our series on full time trading. For the most part they have been enjoyable except for one twat who complained that it was unprofessional of LB to not present when she was suffering from severe laryngitis. Presenting for the first time in years is an…
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We are approaching the ten year anniversary of the implosion of Lehman Brothers and the subsequent meltdown in the financial system that precipitated the GFC. As always it is instructive to look back in history and see what lessons can be learned. Although I will offer a spoiler – there is nothing new to be…
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I found this neat little chart on the total market cap of all crypto currencies. Since January the market has lost about $584B. So much for replacing money as we know it. The only similarity between cryptocurrencies and money as it is currency defined is that the saying a fool and his money are soon…
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Source – howmuch
Since I had a look at the MaxDD for MNF yesterday I thought it would be interesting to see the same for BTC. One of the arguments put forward by BTC fetishists is that BTC would display lower volatility than other currencies or payment methods. Somehow I dont think this claim stacks up, not unless…
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