Quick Post Today:

 

This is a follow up to my last post: And Bitcoin is Volatile Again (plus my speculation)

 

So, guess it was not a good idea to just race to call the recent drops as a simple market fluctuation that will correct (even though I partially did that in my previous post).

 

It looks like Bitcoin is geared towards a bunch of bear runs. For how long and how much I really don’t know, but I doubt this will be over in the near future. At the moment Bitcoin’s glass floor is probably 2k, though with Bitcoin glass seems to shatter easily. I cannot say that I am feeling good about this – at least not in the short term anyway.

 

Good luck out there.

 

As always though: trade responsibly, don’t invest more then you can lose, and don’t hold me responsible since I’m wrong sometimes too.

 

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