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SoCal is a nice place
fyi, my comment was moderated because I posted it from a temporary laptop I'm using that wasn't logged in.
@g36
There are plenty of Bitcoin bulls evangelizing the digital currency these days, but Michael Burry, the focus of the film and book The Big Short, is not one of them.
Burry, in a now-deleted tweet, warned that Bitcoin’s current levels are unsustainable—and current investors could suffer significant losses.
"$BTC is a speculative bubble that poses more risk than opportunity despite most of the proponents being correct in their arguments for why it is relevant at this point in history," he wrote. "If you do not know how much leverage is involved in the run-up, you may not know enough to own it.”
Burry knows about bubbles, having made a fortune off the housing market’s collapse in 2007. And he warned that Bitcoin’s recent ascension seemed reminiscent of that time.
"If you do not know how much leverage is involved in the run-up, you may not know enough to own it.”
https://fortune.com/2021/03/01/bitcoin-bubble-michael-burry-big-short-investing-btc/There are plenty of Bitcoin bulls evangelizing the digital currency these days, but Michael Burry, the focus of the film and book The Big Short, is not one of them.
Burry, in a now-deleted tweet, warned that Bitcoin’s current levels are unsustainable—and current investors could suffer significant losses.
"$BTC is a speculative bubble that poses more risk than opportunity despite most of the proponents being correct in their arguments for why it is relevant at this point in history," he wrote. "If you do not know how much leverage is involved in the run-up, you may not know enough to own it.”
Burry knows about bubbles, having made a fortune off the housing market’s collapse in 2007. And he warned that Bitcoin’s recent ascension seemed ...
During a Bull Market there is always someone seeking 15min of fame. How often have we read article saying "expert who called the last housing bubble predicts crash in 2016, 2017, 2018, 2019, 2020, 2021, 20xx?
During a Bull Market there is always someone seeking 15min of fame. How often have we read article saying "expert who called the last housing bubble predicts crash in 2016, 2017, 2018, 2019, 2020, 2021, 20xx?
No one of substance has been predicting a housing crash.
WookieMan saysNo one of substance has been predicting a housing crash.
I know a few Realtors and a Broker who are predicting it without flinching for whatever that's worth.
I pointed it out very clearly, giving you the opportunity to respond... Still silence?
that's the point.. bitcoin burns more fossil fuel than entire countries, for a speculative mania with no underlying value. My dirty socks make a nice parallel.
so much institutional demand
What's the purpose of bitcoin again?
I bought 1.9 Bitcoin for 28K total as a 1year investment. Now its worth over 100k
absolutely! The pattern goes up, up and up
very bullish that Tesla and other institutions pour billions of USD into Bitcoin. Luckily I was early (bought in November)
My investment was around 28k for Bitcoin and another 25k or so in other precious cryptos.
My Bitcoin holding is already at a 100k ish. Thanks Tesla!
I should say, thanks Tesla and all the other institutions that buy Bitcoin like there is no tomorrow.
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I know it's still up at like 40k, but uhh.. how did 20% of this amazing store of value evaporate in 2 days?
Hint. this is still speculation even though it is up.
Have fun speculating, but remember to limit your exposure, and diversify your investments.