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RE: Teeka Tiwari's bullish case for Bitcoin 📈

in #cryptocurrency6 years ago (edited)

Nice post. I saw this interview when it aired a couple weeks ago on live stream. I agree he did a good job explaining his bullish view to the average person. I think he’s taking a fairly decent gamble with his reputation. His prediction is based completely on ETF’s being approved this year. I think there’s a very good chance they are approved, and if so, could easily bring BTC to his $40,000 prediction. If for some reason they’re rejected or put off until next year, Teeka will simply say his prediction is still accurate, but the “timing is off”. So he’s got an “out” if things go south.
As far as his 2 other coin predictions(DASH and LTC), I agree with you...of course they'll 4x if BTC begins it’s next bull run. I could throw a dart at any of the top 30 coins and they’d most likely 4x when BTC starts running. Still...for the average investor, it’s good information.

I think his “1000% guarantee” is a little over the top and misleading. He says he “guarantees the opportunity to return 1000% of your money if you follow his predictions as a paid subscriber”. That sounds great, until you hear about what happens if/when the 1000% guarantee doesn’t come true. If he doesn’t give you that opportunity in the first year, his idea of a "guarantee” is to give you a second year of predictions free. Not much of a guarantee in my opinion. lol.
Reminds me of the line in the film, Something About Mary, “7 minute abs...if the first 7 minutes don’t work, we give you the 8th minute....FREE!”
All that said, I think he’s a good guy and has a good business model. I’m just upset I didn’t think it up first. haha.

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Yeah I agree, but can't really blame him for not being able to be 100% accurate. Nobody can accurately predict the markets completely...! And I consider his $40K bitcoin to be as wild of a guess as other predictions - though a lot do price Bitcoin in the $40-70K range.
But generally Tika is a cashgrabber yes... asking ridiculous prices for his newsletter, and his research is decent but nothing out of the ordinary in the world of crypto. I think this is just how he makes money... he probably makes more through this than actually trading crypto :)
Just like many youtubers pumping their super-duper-crypto udemy courses

I don't blame him...at all. In fact, I wish I'd thought of his business model. ;-)

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