@snarlcakes I mean. Looking at these dumbass cycles I'll probably wait for 40k. See if there is any plateau, and then buy a bit. need to recoup my minimal losses.
lol...are you having fun?
Here. This will make you feel better (go the bottom for JPMs long term prediction). Jamie D is no dummie.
https://www.thestreet.com/crypto/markets/jpmorgan-revisits-bitcoin-forecast-after-crash
Honestly? Bird in the hand.... I'd buy now.
A good friend will bail you out of jail, but your best friend will be sitting next to you in the cell saying "that was f***ing awesome"
@larsiu if it follows prior trends of losing 75% from it's peak, you'd be looking at more like $30k.
Jamie Dimon runs the bank. He's good at doing that. He's not an analyst putting out price targets on things. And historical data shows that Wall St analysts have about the same accuracy as flipping a coin. Which, for all we know, is all they do anyway.
Jamie Dimon runs the bank. He's good at doing that. He's not an analyst putting out price targets on things. And historical data shows that Wall St analysts have about the same accuracy as flipping a coin. Which, for all we know, is all they do anyway.
yeah, but he'll probably at least fire the analyst (or their boss, or the whole department) if they lose their ass. I wonder how the guys that got in on TriColor are doing these days, besides unemployed.
I like Dimon. Good interview below.
https://www.acquired.fm/episodes/the-jamie-dimon-interview
@snarlcakes I mean. Looking at these dumbass cycles I'll probably wait for 40k. See if there is any plateau, and then buy a bit. need to recoup my minimal losses.
Did they shake you out? Don't let them treat you like a tourist.
I'll just add the last time people were waiting for 10k and passed on buying at 16k. Said another way they gave up 115k upside for 6k (seems silly to me). The 200 week moving average is 58-59k so it's not surprising it's sitting right above it. Whether you buy at 60k, 50k, or 40k they're all good entry points if you think the asset is better than gold. If you're unsure of the asset then no price will feel good to buy it at when it's dropping. It moves quickly and makes you uncomfortable when it's falling, but that's the only way you can get outsized returns. If it wasn't volatile all the risk would already be priced in.
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