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Inspired by Elon Musk, investors are incorporating meme numerology into their bitcoin trading strategies
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Elon Musk is the purveyor of memes and meme numbers.
«Due to inflation 420 has gone up by 69,» he wrote in tweet late Sunday.
While a joke, meme numbers like «420» and «69» may actually be an important part of an investing strategy, according to an «Odd Lots» article from Bloomberg. Brent Donnelly, president of Spectra Markets, told Bloomberg that «anyone leaving a bitcoin sell order at $69,501 this week probably doesn't know what they are doing.»
«On the other hand, the ones that sold at $68,998 are probably expert traders that understand markets, memes, and crowd psychology,» he told Bloomberg.
That's because bitcoin's high and low prices are statistically most likely to fall on numbers with a «00» or «50» in
Read more on markets.businessinsider.comAbout this in other media
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Elon Musk has a one word advice for all cryptocurrency investors livemint.com /2 years ago
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