Might have to change your nik to resurrecteddog. Regardless of how your trade turns out, you've demonstrated an ability to change your mind, congrats. May it be one of many successful trades in btc.
I don't think I've changed my mind. I still don't know how to value BTC. I'm a momo speculator. BTC has changed it's trend. (Maybe!!) I still believe a trader can out perform a buy and hold strategy.
ok, almost-resurrected-dog. Tbh, most don't have certainty in knowing how to value it, that's what makes it so great to trade (at least for traders.)
I like to trade assets that have some fundamentals that will cause other traders to take them off my hands eventually. BTC only seems to have FOMO.
What is your interpretation of Blackrock now offering this asset to their clients? Do you think Blackrock operates via FOMO?
One word: Institutional money. (OK 2 words) Once a novelty becomes the playground of the HFs, it is just question of time when it goes in correlation with the market or exact opposite. Quite simple...
You had me at Time travel, son. Let's say you time travel back at the IPO of AMZN, TSLA, NFLX, etc. These exercises are useless. There are plenty of NEW IPOs, how many can you pick as a 20-50 bag gainer in the next decade? Now if you want to mentally masturbate with your Time machine, why don't you fantasize about killing Hitler, preventing 9/11 or something useful??? Or just jerk off as a normal man would....
I think BLK is providing a service and will make money regardless of whether crypto goes up or down. If they start marketing it as a once in a lifetime opportunity then. yep FOMO