Signs Of A Market Top? This Pole Dancing Instructor Is Now A Bitcoin Guru

Tyler Durden's picture

Pole dancing instructor Dee Heath built a successful fitness business in western Sydney teaching “stripper fitness” classes that seem to be in vogue among millennial women.

But recently, Heath has discovered a new passion: Investing in digital currencies.

Heath has spent $5,800 on Bitcoin since July and has more than tripled her investment.

"Look, I love pole dancing but lately my passion has definitely been Bitcoin," she told SBS News.

Heath is spending less time on the pole and more time advising would-be bitcoin investors about navigating the world of digital currencies, even starting a website to explain the digital currency to novices.  

"It comes with any investing, it's volatile at times, especially cryptocurrencies," she said.

 

"The good thing is when it goes down, you can buy some more, and you know it's going to go up at some point."

Dee Heath

"As long as you're calm and you don't let emotions run you when you're dealing with any sort of cryptocurrency, particularly Bitcoin, then you're safe."

Still, there are plenty of skeptics in her native Australia, where digital currencies are still largely associated with the black-market economy thriving on the dark web.

"Australia in particular has been involved in buying and selling drugs on the dark web using cryptocurrencies," said Professor David Glance from the Centre for Software Practice at The University of Western Australia.

 

"Many are comparing the buzz around Bitcoin to tulip mania that hit the Netherlands in the 17th century."

Professor Glance said with such a volatile currency, investors should only buy what they can afford to lose.

But with the digital currency recently peaking above $11,000 – a valuation that represents a 950% return since the beginning of the year in US dollar terms – mom and pop investors who had previously never heard of bitcoin are trying to get a piece of the action. Recently, the CME Group and other exchanges around the world have launched – or announced they’re planning to launch – new bitcoin derivatives that will make it easier for institutional investors like hedge funds to play in that market. Though many new funds have been established already this year to get in on the action.

Earlier this week, pioneering cryptocurrency investor Mike Novogratz, whose digital-currency focused fund has recorded astronomical returns this year thanks to the performance of bitcoin, Ethereum and many other digital currency copycats. After accurately predicting that bitcoin would reach $10,000 this year, Novogratz now says he sees it going to $40,000 by the end of next year.

Other financial luminaries like Warren Buffett and – most famously – JP Morgan CEO Jamie Dimon have said they believe bitcoin is a bubble. Dimon famously opined that the digital currency could get somebody killed.

And while bitcoin has given investors no reason in recent months to believe the rally is slowing down, the idea that strippers are starting to pour their cash earnings into bitcoin is eerily reminiscent of a scene from the movie “The Big Short” where two of the film’s protagonists interview a stripper who took out subprime mortgages to buy nearly half a dozen properties.

Should investors pay attention to this “stripper indicator”?

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kochevnik's picture

Women traders actually have more emotional control.  Their egos are not at stake so much

knukles's picture

Pole dancing, pole stroking, advice from all quarters all the time.

Thanks, Matt Lauer, we'll miss you.  Like we have Charles Jako

eforce's picture

"The good thing is when it goes down, you can buy some more, and you know it's going to go up at some point."

This mindset is going to get a lot of people rekt when the bubble bursts (Bitfinex/Tether can't pump the price up anymore).

knukles's picture

This just in....
Matt Lauer's wife has departed for her ancestral home outside of Amsterdam while Matt works in Manhattan.  Recognizing the potentially harmful emotional environment surrounding the family, the children are "temporarily" with John Podesta.

 

IntercoursetheEU's picture

Better go naked short on this one Hun

IH8OBAMA's picture

The exact story I used to hear in the hot Denver penny stock market 30 years ago.  And we all know how that ended.

tmosley's picture

This lady is not the harbinger of the top in BTC.

This guy is: https://twitter.com/bitfinexed?lang=en

Burltron's picture

@tmosley will this tether crash I keep hearing about affect all cryptos or just Bitcoin itself?

robertsgt40's picture

She's gonna find out shortly what it is to really get poled 

J S Bach's picture

She needs to start practicing her pole dancing at the local firehouse where the poles drop right through the floor.  Then, she'll be prepared for her Bitcoin investment.

Paul Kersey's picture

I've got a pole she can dance on.

SafelyGraze's picture

my pole-dancing-btc-investment-advisor is e.f. hutton, and e.f. hutton said that the blockchain technology is a game changer via a distributed ledger, which sends a persistent "buy" signal

 

God Emperor's picture

And why she shouldn't be? 

Is like nowadays youdon't need brains, you just need a pair of big tits and you can be whatever you like.

Like all those social media influencers out there.

Canadian “Social Media Influencer” Claire Abbott Leaked Nude Selfies

http://celebrity-leaks.net/claire-abbott-leaked-nude-selfies/

 


USisCorrupt's picture

She is a VERY SMART Woman.

The Market Cap is JUST 340 Billion Today for ALL Crypto Currencies.

WAKE ME when it its a Trillion, 5 10, 20 25 TRILLION and most of you on this Board bashing her will want to put a Bullet in YOUR HEAD for being so STUPID not to UNDERSTAND what is taking place.

Now go back and stick your head in your I-phone like a Good Brain Dead Zombie!

Escrava Isaura's picture

Welcome to Delusistown.

Pole Dancing Now A Bitcoin Guru

Now welcome to my world.

I had a friend on Thursday telling me that she paid $1,500 dollars to learn in how to trade in the stock market.

And, she didn’t tell me that before, because she thought I would scald her for thinking in doing it.

So last Thursday I realized there’s no hope.

I can’t even wake up my best friend.

 

Beowulf55's picture

Good thing you didn't scald her..........usually I only scold women....

ufos8mycow's picture

Does she have a Bitcoin slot in case I want to tip her 1/10,000th of a Bitcoin?

Truth_Hoits's picture

"""I can’t even wake up my best friend."""

Come on, you don't have ANY friends..let alone a 'best' one...unless you mean a dog...even then, it's likely your neighbor's dog.

"""Now welcome to my world."""

Pass!


"When you can't make them see the light, make them feel the heat." - Ronald Reagan

 

Speaking of Reagan...

Sen. Kennedy Once Colluded With Russia To Undermine Reagan

 

“In a time of deceit telling the truth is a revolutionary act.”  - George Orwell

ResistTemptation's picture

Poo patrol guy who I pay to pick up my dogs droppings talks positive about BTC. 

Maybe he should hook up with Miss Polespinner and they can breed us a master race of financial genius?

slvrizgold's picture

OK, I'll wake you up when the market caps of cryptos are equal to GDP of the largest countries in the world.   GTFO!   I've seen this movie before.   I would bet you're not even 30 years old.  If you ever took math in high school you should have learned about parabolic functions.   

And learn how to write.   What kind of fucktard capitalizes like that?

slvrizgold's picture

OK, I'll wake you up when the market caps of cryptos are equal to GDP of the largest countries in the world.   GTFO!   I've seen this movie before.   I would bet you're not even 30 years old.  If you ever took math in high school you should have learned about parabolic functions.   

And learn how to write.   What kind of fucktard capitalizes like that?

slvrizgold's picture

OK, I'll wake you up when the market caps of cryptos are equal to GDP of the largest countries in the world.   GTFO!   I've seen this movie before.   I would bet you're not even 30 years old.  If you ever took math in high school you should have learned about parabolic functions.   

And learn how to write.   What kind of fucktard capitalizes like that?

Yellow_Snow's picture

I hope she gets into crypto's  !!!

ali-ali-al-qomfri's picture

I love Bach's music, and his comments have been equally profound. A tip of the hat.

Laowei Gweilo's picture

over $300 billion in BTC market cap created from just inflows $6 billion

 

the stripper analogy is actually quite fitting

 

cuz most of BTCs value was created from just a tiny fracton of its inflows masturbating one another lol

Automatic Choke's picture

sorta like the old story of the two guys getting rich by selling a couple of rocks back and forth to each other.....

tmosley's picture

It's hard to say, but the cryptos were extremely coordinated in their last dump and pump cycle. It has me spooked, so I took out my initial investment and some profit. Considering taking out more. Waiting for a better exit point atm.

38BWD22's picture

 

 

Just took another schnitzel of my Bitcoin stash and bought Au with it.  I am stacking Au much faster than I could have without BTC.

You and fonestar deserve much recognition for being correct in the face of unrelenting hostility.

Look forward to your comments on other (privacy oriented) cryptos once they become more mainstream to those of us non-tekkies.

*  *  *

I would not know, but a BIG DUMP (30% or more price drops are very typical in BTC) *could* happen anytime.  The most I ever paid was $6900 and change.  Likely I will not buy anymore BTC, just HODL the rest that I own, perhaps until $20,000 or maybe more.

I feel no pressure at all to sell now that I have made much more money than my original investment back.

shitshitshit's picture

Everybody starts feeling there is something unnatural with this endless climb. There's going to be a Zeitgeist and etwas Bremsen at some point all of those who haven't jumped out of the boat at the right time will only get Schadenfreude.

Tut mir Leid, aber so ist Lebe...

Crazy Or Not's picture

If one gives credence to the BTC was created by NSA narrative, then it's pump now - when faced by threat of loss of petrodollar supremacy - makes much sense.

https://www.reddit.com/r/Bitcoin/comments/1geufi/nsa_paper_1996_how_to_m...

http://www.zerohedge.com/news/2017-06-12/exposed-real-creator-bitcoin-li...

Winston Churchill's picture

Very wise.

Squawker  has pretty much laid out how all the exchanges are owned by the same people

thru' trusts and offshore holding companies.The pattern is exactly the same one client of

mine controls a huge multinational "public" company.

I_rikey_lice's picture

They just keep printing Tethers...another $50 million the last 24 hours. Bitfinex knows that more and more people are calling them out on their scam, yet they keep printing. Absolutely nutz that they get away with it! 

Check the printing press here:

http://omniexplorer.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5Ls...

Osmium's picture

Maybe Bernanke works there now?

eforce's picture

@Burltron

Everything, the survivors (what's left of them) afterwards will likely be those listed on fiat exchanges (BTC/LTC/ETH/XRP etc.)

Burltron's picture

Thank you. Not going to lie and say that I fully understand how the scam will effectt Bitcoin, but it is troubling

hmmmstrange's picture

All these fake tethers are propping up bcash.

Supafly's picture

Aussies are different.  Born gamblers.  Take that any way you want.

ClassicalLib17's picture

Uh...no. They're a bunch of coastal livin' progressive BoBo's continually supporting govt 'renewable energy' schemes and destroying their economy. South Australians now pay the highest electric rates in the industrialized world. They assumed that elite position last summer from Denmark. Germany is now #3. What do these nations and state all have in common? I'll provide you with one clue, read on:

http://notrickszone.com/2017/12/01/germanys-national-power-grid-mess-country-seeing-whopping-172000-power-outages-annually/#sthash.vRm6yG16.dpbs

yarpos's picture

no swathes of wind turbines and solar panels in the US eh?  oh wait

most countries have their equivalent to Governer Moonbeam,  however most people are able to distinguish that from the national population.

Nexus789's picture

Straylia...different until it's not. 

1800Vindication's picture

Its "straya". Please, no more syllables than are absolutely necessary.

I_rikey_lice's picture

Why hasn't zerohedge put up a story on this Tether printing scam???

The evidence is all there and you guys know about it!

tmosley's picture

Have been wondering about this myself. Suspect they are trying to vet it a little more. Would be nice to see a repeat of some of their past work, which should have won Pulitzers.

I_rikey_lice's picture

Bitfinex'ed has stories on Medium.com that they can use. 

HowardBeale's picture

Because "tethers" to something created from thin air are the monetary equivalent of ghost stories...

Crazy Or Not's picture

>Why hasn't zerohedge put up a story on this Tether printing scam???

...could it be that the Tylers (& many ZH'ers) are heavily invested in BTC? 

0valueleft's picture

No she's not, Yellow Snow might be though. He has inspired some profit in his short 34 weeks. 

lickspitler's picture

Mosley give it up dude. You were on the bus, you got off the bus after 1 stop

now you spend all day telling us why the bus will crash and how lucky 

you were to get off early (Way early).

Being a fucktard is not an argument.