link1617 link1618 link1619 link1620 link1621 link1622 link1623 link1624 link1625 link1626 link1627 link1628 link1629 link1630 link1631 link1632 link1633 link1634 link1635 link1636 link1637 link1638 link1639 link1640 link1641 link1642 link1643 link1644 link1645 link1646 link1647 link1648 link1649 link1650 link1651 link1652 link1653 link1654 link1655 link1656 link1657 link1658 link1659 link1660 link1661 link1662 link1663 link1664 link1665 link1666 link1667 link1668 link1669 link1670 link1671 link1672 link1673 link1674 link1675 link1676 link1677 link1678 link1679 link1680 link1681 link1682 link1683 link1684 link1685 link1686 link1687 link1688 link1689 link1690 link1691 link1692 link1693 link1694 link1695 link1696 link1697 link1698 link1699 link1700 link1701 link1702 link1703 link1704 link1705 link1706 link1707 link1708 link1709 link1710 link1711 link1712 link1713 link1714 link1715 link1716 link1717 link1718 link1719 link1720 link1721 link1722 link1723 link1724 link1725 link1726 link1727 link1728 link1729 link1730 link1731 link1732 link1733 link1734 link1735 link1736 link1737 link1738 link1739 link1740 link1741 link1742 link1743 link1744 link1745 link1746 link1747 link1748 link1749 link1750 link1751 link1752 link1753 link1754 link1755 link1756 link1757 link1758 link1759 link1760 link1761 link1762 link1763

Did this not-safe-for-work internet sensation just signal a top in Bitcoin?

Did this not-safe-for-work internet sensation just signal a top in Bitcoin?

   Dan Bilzerian’s penchant for automatic weapons,

high-stakes poker, fast women, and faster cars have made him an unfiltered internet phenomenon. Now you can add go ahead and bitcoin BTCUSD, +3.10%  to his list. Bilzerian told his 22.3 million Instagram followers on Wednesday afternoon that he “just bought a sh*tload of Bitcoin” and that “it’s so crazy watching that sh*t f**king go up it’s like… betting a bunch of money on the Super Bowl.” Do you trust this guy’s judgment?

Bilzerian, of course, knows all about betting a bunch of money. He once claimed he won $50 million over the course of a year playing poker. He also said that he flipped a coin for $2.3 million and lost. So, yes, Bitcoin sounds about right, considering the cryptocurrency’s volatility. On Thursday, Bitcoin rallied to yet another record high and has now jumped almost 50% in the last week alone. Since last year, Bitcoin has surged more than 400%. As you can see, however, Bilzerian’s endorsement didn’t exactly thrill many of the investors frequenting Reddit’s Bitcoin group:

“If that’s not a sign of a bubble IDK what is lol.”  “NORMIES INCOMING!”  “F**k I just sold some because of this, not even joking.” Does Bilzerian’s post, indeed, mark a potential top for bitcoin, like a cab driver tipping you off about the next hot semiconductor stock?  Who knows, but he has backed a winning long shot before.

Chuck Reynolds
Contributor
Please click either Link to Learn more about –
TCC-Bitcoin.

 

Alan Zibluk Markethive Founding Member