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Replying to Avatar Lyn Alden

A shocking number of people email me and ask about bitcoin price predictions over the next 3-9 months or so.

They’re generally along the lines of, “Okay, but what do you think the odds are that we have a big recession, get a liquify shock, and bitcoin retests $30k? I read this article by [insert macro permabear] and he said that…”

I’m going to start replying with nothing but my pictures of beaches or something. Very few people build wealth by trying to catch every twist and turn of the market. Focus on long-term trends.

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BottleTeams 1y ago

This is what the professional fiaters in Tradfi asset management do. They don't actually know what they are doing; simply asking a teacher for the answer.

They don't understand the business they are in.

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