Thread: Money Bitcoin Take?
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Old 05-26-2021, 06:42 PM   #2985
KChiefs1 KChiefs1 is offline
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Quote:
Originally Posted by eDave View Post
Sell Your Bitcoin Today And Do Not Look Back

Summary
  • As I warned my readers in my previous article, Bitcoin has collapsed ~50% since its 65K peak during the last 3 weeks.
  • My target price for Bitcoin is 15K-20K during the next few weeks. The party is clearly over, and investors should consider liquidating anything related to Bitcoin or short it.
  • Recent collapse proves that Bitcoin isn't a safe haven, store of value, or a hedge against inflation/market correction, but a speculative token that can go down 50% in a week.
  • Bitcoin has exhausted its exotic catalysts and is under coordinated regulatory attack by governments around the world. At this point, I don't think there is anything that can save it from collapsing more.

https://seekingalpha.com/article/443...-not-look-back

I think I’ll wait until it hits $15K before jumping in big time. I can’t hold this money long though.
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