Ep. 696: The Data Always Beats the Doctor with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Cost of Investing in Bitcoin
$400 billion has been wiped off the value of major cryptocurrencies since January. Sean Russell, who put $120,000 into Bitcoin November of 2017, lost 96%. He said he attempted to mitigate his losses by shifting money from Bitcoin to Bitcoin cash and other cryptocurrencies like Ethereum. The data showed that crypto was going to the moon until the data showed it wasn't.
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