Thursday, 6th December 2018
Dead or alive?
If you make a habit of reading the financial press, you’ll know that right now every man and his dog is talking about inverted yield curves in the US – and what that means for the global economy and markets….
We’ll leave them to get on with that….
But me? I can’t take my eyes off Bitcoin. The carnage continues….
Down now through the $4000 barrier and trading earlier this morning as low as $3680, this is the crash that keeps on rolling….
The weak-kneed crypto speculators have been well-and-truly shaken out of the market now. Those buy-and-hold merchants that remain are surely made of iron….
- The hideous spectacle….
Bitcoin is coming down the mountain like one of those Olympic skiers who lose control at speeds of 80 to 90mph….
One moment they are shooting across the snow like bullets….
Suddenly they wobble and lose control. And the next minute they are tumbling down the hillside in a high-speed tangle of arms, legs, sticks and skis….
It’s bone-breaking stuff and a hideous spectacle to watch….
When will it stop? Will it stop? Or is this thing going to hit rock-bottom with a sickening thump?… Click here to read more