Those that really didn't believe me when I said it'll come back down are kind of funny. BTC has been in a bubble for a while. This was worth $0.01 in May 2010. BTC is underpinned by nothing. People that whine about 
USD not being pinned by "the gold standard" are the same people saying 
BTC is the way to the future. Kind of ridiculous double standard. You expect a $trillion economy, backed by jobs, real estate, equities, technology, a military to be based on "Air", yet you people think BTC is worth $4400 based on the amount of time it takes to process transactions and to "mine" a new bitcoin.
Anyways, rant over. I'm sure it'll come back - just watch the technicals. I'll trade anything. Penny stock, useless currency, whatever. What trends up will trend down and I'll buy the dip on an uptrend (as I have in previous posts) and won't be surprised when the party really ends :)
/rant over.
Good luck all.
USD not being pinned by "the gold standard" are the same people saying BTC is the way to the future. Kind of ridiculous double standard. You expect a $trillion economy, backed by jobs, real estate, equities, technology, a military to be based on "Air", yet you people think BTC is worth $4400 based on the amount of time it takes to process transactions and to "mine" a new bitcoin. Anyways, rant over. I'm sure it'll come back - just watch the technicals. I'll trade anything. Penny stock, useless currency, whatever. What trends up will trend down and I'll buy the dip on an uptrend (as I have in previous posts) and won't be surprised when the party really ends :)
/rant over.
Good luck all.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.