The Psychological Barrier of a $100k Bitcoin with Willy Woo - WBD335
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 16 April 2021
⏱️ 74 minutes
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Summary
Location: Remotely Date: Thursday 15th April Company: Hypersheet Role: Co-Founder
Bitcoin has broken an all-time high again, rallying to over $64,000 this week, and it appears to be holding its ground with more new investors entering daily.
Willy explains how he uses models that rely on moving averages to observe the rising "natural price" of bitcoin and how they help him identify the degree to which it is above or below a specific natural range. If it goes up or down too quickly, for example, it might be a good strategy to use a little leverage to ride it back to a more locally appropriate price.
Managing risk is very important for traders, and Willy takes the time to explain how he uses various strategies to hedge his bets. He also clarified how I could manage my risk of not winning my bet with American HODL.
In this episode, I talk to on-chain analyst and the co-founder of Hypersheet, Willy Woo. We discuss moving price targets, hedging my bet with American HODL, and some of the strategies and risks of trading.
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Transcript
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| 0:00.0 | You're definitely a moron if you sell in a ball run and try to buy that lower that doesn't work |
| 0:06.2 | Hello there from Bedford in the United Kingdom the Bitcoin capital of the world. How are you all doing? Have you had a great week? |
| 0:13.9 | Bitcoin hitting another all-time high? |
| 0:16.6 | You have to love a ball run right. |
| 0:18.5 | That and the coin-based IPO, which to be honest, feels like a bit of a nothing |
| 0:22.4 | burger now. I don't know. Maybe a nothing burger now. I don't know. |
| 0:24.0 | Maybe it's just me. I didn't seem to notice it too much. |
| 0:26.0 | Anyway, welcome to the What Bitcoin did podcast, which is brought to you by Gemini, |
| 0:30.0 | The place I'm exclusively using for buying Bitcoin now. |
| 0:34.0 | I'm your host Peter McCormack. |
| 0:35.5 | And today I've got Willy Wu back on the podcast |
| 0:38.5 | and we're going to be discussing the psychological barriers of Bitcoin |
| 0:41.6 | hidden $100,000, amongst a few other things. |
| 0:45.0 | But before that, I do have a message from my amazing show sponsors. |
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... |
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