Quote:
Originally Posted by eDave
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
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If I had a dollar for every time Seeking Alpha is dead wrong on something I'd be able to buy all the Bitcoin that's been mined since 2009. I've had a SA membership ever since I started trading for a living. It's free, and I still feel like I'm getting screwed. They're almost as big of a joke as Investor's Business Daily and the Wall Street Journal.