Wednesday, 28th November 2018
The real issue with cryptocurrencies….
I’m concerned about Bitcoin….
Not about the recent price crash. That is what it is….
I’m concerned about what is happening behind the market action that grabs the headlines….
I’m concerned about why it is happening….
And about what it could mean….
But before I get onto that, Bitcoin’s nose-dive cannot be avoided. It is a major feature of the developing story….
- This time last year….
This time last year, Bitcoin rode high. The price had burst through the $10,000 ceiling and was on-course for a mid-December high-point of $19,783….
This time last year, Bitcoin promised to make all of us rich. No man left behind….
All you had to do was figure out how to buy some, put your cash down and watch the price head for the moon….
There was no limit to where Bitcoin might go. $10,000 was just the beginning….
Bitcoin proponents were in a dog-fight for headlines. No prediction was too optimistic or too outlandish. It was like a no-limit poker game with every player thinking he held the winning hand….
$40,000 said Mike Novogratz. Ran Neuner said $50,000. Tai Lopez said $60,000.… Click here to read more