Its actually quite simple.
We can flip the coin right now, bull or bear. 50/50
if it lands on bear we go to 10k, if it lands on bull we go to 200k.
I would take this bet as many times as it is offered to me, even if i kept losing, the outcome given unlimited flips of the coin would favor me.
If you think you have more than a 50% chance guessing the next direction of bitcoin you are delusional.
Life is full of bets that have a good risk/reward ratio.
I could drag bitcoin all the way down to ZERO and i would still take this trade over and over given the risk / reward.
if it lands on bear we go to 10k, if it lands on bull we go to 200k.
I would take this bet as many times as it is offered to me, even if i kept losing, the outcome given unlimited flips of the coin would favor me.
If you think you have more than a 50% chance guessing the next direction of bitcoin you are delusional.
Life is full of bets that have a good risk/reward ratio.
I could drag bitcoin all the way down to ZERO and i would still take this trade over and over given the risk / reward.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.