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Re: Gold analyst throwing shade on bitcoin... does he have a point?

StreetwiseReports

on 15/12/2017, 00:26:40 UTC

Quote from: Andre_Goldman on December 15, 2017, 12:23:08 AM

here goes my AROW prediction ...

LOL

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Re: Gold analyst throwing shade on bitcoin... does he have a point?

StreetwiseReports

on 14/12/2017, 23:56:58 UTC

Quote from: Hydrogen on December 14, 2017, 11:25:12 PM

To answer whether bitcoin is a bubble, someone would need to quantify to what degree people of the world have lost faith in governments and other institutions. How much fear is there that the euro or dollar will crash due to high deficits and overprinting of fiat?

Yes! Technical analysis seems very limited at times like these.

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Re: Gold analyst throwing shade on bitcoin... does he have a point?

StreetwiseReports

on 14/12/2017, 23:19:25 UTC

Good points, well said!

As someone who has followed gold for a number of years, I can sympathize with anyone who is frustrated the yellow metal has yet to explode in the way gold bugs have been expecting for so long, the way Bitcoin is doing now. It sure is exciting though!

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Gold analyst throwing shade on bitcoin... does he have a point?

StreetwiseReports

on 14/12/2017, 22:40:57 UTC

This analyst, who normally specializes in gold investing, argues Bitcoin is about to take a dive. Does he have a point? What about his implication that Bitcoin is largely a Millennials' phenomenon?

https://www.streetwisereports.com/article/2017/12/13/bitcoin-total-wipeout-alert.html

Quote

Anyway, the pattern on the Bitcoin charts has all the hallmarks of a final terminal blowoff that will be followed by a catastrophic wipeout and probably soon, and when that happens you don't want to be anywhere near it, either that or short. The inexperienced get rich quick merchants who have been flocking in droves to Bitcoin in recent weeks will be vaporized.