On this episode of the Millionaire Podcast we discuss bitcoin with Mr Al Picket. Al talks about trend following, bitcoin speculation, the value of bitcoin and where he sees the “asset” going.
Key points:
A trend is a trend
Whats in motion tends to stay in motion
What’s going higher has the probability of going higher
There are multiple types of trends 1) stealth 2) institutional 3) public 4) mania
Its important to understand risk management, how much are you getting back for every dollar invested
Know your exit strategy
Stay light, have little expenses and debt but high income
The more stuff you have the less agile you are
My stunting is my freedom
Al can be found on IG at @mralpickett