On Wednesday (August 26), “Joe007”, a former well-known pseudonymous trader on crypto exchange Bitfinex, decided to “disclose a little known yet simple and effective investment strategy that allows anyone to become a whale within reasonable timeframe.”
Joe077’s Bitcoin trading advice was as follows:
As you can see, this is a more colorful crypto-specific version of one of legendary billionaire investor Warren Buffett’s most famous quotes:
Be Fearful When Others Are Greedy and Greedy When Others Are Fearful
Someone (@jiang_ji_2999) pointed out that it is hard to what “everyone” is thinking about Bitcoin:
Another person (@Parakite4) criticized Joe077’s advice by saying that Buffett’s advice is hard to apply to Bitcoin since it is not easy to know when Bitcoin’s price is high or low:
Another person (@_Stephen_M__) wanted to know how much Joe007 trusts Tether (USDT). Perhaps, surprisngly, Joe007 said that he holds some of his fiat currency in the form of USDT “as a hedge against banking system failure.”
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.