While the price collapsed 25% after i made the crash call on Bitcoin, i was completely wrong about it's long term outlook. I thought it would resemble the Nadaq fall and lose 80% of it's value. The fact that it reversed quickly and took out the all time highs says that this monster is extending. I have no clue where it goes from here.
I was completely wrong about bitcoin
Started by
NAV
, Oct 12 2017 06:37 AM
4 replies to this topic
#2
OEXCHAOS
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Mark S. Young
Posted 12 October 2017 - 08:38 AM
It goes until it stops. I don't think there's any long term value there and eventually it goes to zero. I'm also confident that anyone can go bankrupt trying to pick that top.
M
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#3
NAV
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Posted 12 October 2017 - 08:44 AM
It goes until it stops. I don't think there's any long term value there and eventually it goes to zero. I'm also confident that anyone can go bankrupt trying to pick that top.
M
Agreed
#4
libertas
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Posted 12 October 2017 - 09:36 AM
It goes until it stops. I don't think there's any long term value there and eventually it goes to zero. I'm also confident that anyone can go bankrupt trying to pick that top.
M
Concur. It is all speculators with no source of reliable commercial liquidity whatsoever. Especially now that it is clear that bitcoin transactions are neither untraceable nor reliably anonymous.
But in these markets rationality doesn't help much. The only fear is the fear of missing out.
#5
viccarter
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TRIN_Rida
Posted 12 October 2017 - 02:29 PM
Listened to this a while back and changed my perspective. No positions though.
http://www.econtalk....es_casares.html
