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Bitcoin hits $69,000 in new record high (ground.news)

submitted 8 months ago by Aatube@kbin.melroy.org to c/technology@lemmy.world

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Who let Elon Musk set the prices?

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[–] abhibeckert@lemmy.world 3 points 8 months ago (1 children)

If you make bets like that, not just once but repeatedly in a broad portfolio, you will get filthy rich.

But that's based on the false assumption "it's just as likely". The price of bitcoin is not random, and to really get filthy rich you want to use a decision process that better understands market pricing patterns.

A wonderful video on that was posted a week ago: https://www.youtube.com/watch?v=A5w-dEgIU1M

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