The Psychological Barrier of a $100k Bitcoin with Willy Woo

“You’re definitely a moron… if you sell in a bullrun and try to buy back lower, that doesn’t work.”— Willy WooLocation: RemotelyDate: Thursday 15th AprilCompany: HypersheetRole: Co-FounderBitcoin 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. This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware wallet-----WBD335 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.