6min chapter

The Café Bitcoin Podcast cover image

Price-Models Revisited, Price vs Relative Value with Steven Lubka, John Haar and Greg Foss - July 21st, 2023

The Café Bitcoin Podcast

CHAPTER

The Importance of Conviction in Trading Bitcoin

The only thing you need there is a belief on why you think Bitcoin will increase in value. You just need to have a conviction that the price will go up because you're willing to hold it. The best traders, like the best guys, they're right, like 55% of the time and wrong 45%. They also don't trade that much. And most people lose the vast, vast, vast majority of people lose money doing this.

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