Bitcoin the Biggest Bubble in History, Is Popping
By Janine Wolf
April 10, 2018, 2:58 AM GMT+8
The greatest bubble in history is popping, according to Bank of America Corp.
Bali News and Views Editors Comments.
Five months ago I wrote the below article warning investors against staying away from bitcoin and that it may be at the end of its long-term cycle.
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| Bit coin 2018-03-30 |
I said "a major crash is looming. When it comes it will not be pretty. I am talking about 40% to 60% downturn".
Boy was I right as of yesterday Bitcoin is down over 65% .
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In Nov 2018 I Wrote the following
Every second or third advertisement on Facebook now is promoting crypto currencies, especially BITCOIN.
All the investment television shows such as Bloomberg and CNBC talk about it going up every day.
After 40 years of investment I can tell you, these are classic warning signs the market is overbought and a major crash is looming.
When it comes it will not be pretty. I am talking about 40% to 60% downturns in a matter of weeks
I prefer to invest in safer investments such as silver with five to one leverage you can make just as much as BITCOIN
My favorite investment where over 60 % of my investment is right now is Bali real estate which since 2014 has already dropped 20 % to 60% for the first time in history, and is now starting backup.
Seasoned investors don't buy after huge increases they buy when investments are on sale.
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The cryptocurrency is tracking the downfalls of the other massive asset-price bubbles in history less than one year out from its record, analysts lead by Chief Investment Strategist Michael Hartnett wrote in a note Sunday.
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