The end goal for Bitcoin as an investment is a binary outcome. It goes to 0 or you 10x your investment. There is no in-between.
It's really that easy.
If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
Close ~35% lower.
Go away for vacation.
Wait for $30k.
= 27.5%+ BTC increase for every hedged BTC.
$30k by 2021 intact. Now vacation.
I stand by my analysis.
The charts never lie.
I assume this was in 2017, when Bitcoin average price was $4000.
So he now has thousands of Bitcoins he has been holding at an average price of 3000-6000?
He was trading crypto in 2015-2016 but SHORT. He apparently was neutral in 2016 maybe early 2017.
He was LONG in 2017. Started becoming a permabull, his follower count went exponential during the (actual) bubble (he joined twitter in 2012, got to 10k follower mid 2017, 100k in 2018).
In 2018 he started telling every one to buy the dip and basically be a crypto shill / long term.
So I assume (might be wrong) his average price is between 3000 and 6000. And he isn't liking it.
He wasn't a perma bull super believer that will never sell 3 years ago. Why would you hold on forever after spending years trading to get where he is?
Nothing is sure, but come on we all know what's going on. So transparent XD
Imagine waiting years during the sideways and when it barely starts going up you rush to sell. You'll end up regretting selling too early and get back in at 200k 😉