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RE: The Inconvenient Truth About Bitcoin
I thought I was the only person at this venue who was bearish on bitcoin and the cryptos in general. I issued a sell call on bitcoin back in May and then a short and hold in June. You have a better handle on the funnymentals. I'm strictly a trader who follows investor sentiment as it applies to price so I will follow you.
Hi joejustjoe, on investor sentiment I think Bitcoin will recover and shoot up to $5-10k at some point, but eventually the banking system/government will crack down on it, or issue a government backed cryptocurrency that will supercede bitcoin and others...
I'm just sitting back in my warm n comfy enjoying a cool and frosty and waiting to see if my "assumptions" that everyone who "says" they will be buying between bitcoin $1500 and $1800 in fact won't be. :-) I will promise you this though...I will call the turn before anyone at this purrtickler venue does.