Last Year at this exact time almost NOBODY had heard of Bitcoin….within a few weeks EVERYBODY and his ASS was either IN or wished they were.<\/p>\n
That was about to change in the most dramatic way. The mania lasted just over a month and by Christmas it was ALL OVER ! Buy the dip the Bitcoin Gurus all said…its going to $1 Million ! For sure !! The Gurus were Gurus for a month !<\/p>\n
This chart is GBTC the ETF which is a proxy for Bitcoin.The real Bitcoin went from a few bucks to $20,000 in about a year. Some of the early folks ( we had a few here) will tell you they are happy with thier “Investment” because they are still up 100s of %…but NOBODY you know sold the top…as it lasted a nanosecond….just like in Gold 1980 and 2011.<\/p>\n
It is a Classic. <\/p>\n
Massive Parabolas ALWAYS end this way…and this will go on an on and on…for years ( maybe decades)<\/p>\n
Look at Gold…The Parabola was in 2011 and we are still in a slow dribbling downtrend 7 years later and if 1980 is the model we have over a decade still to go.<\/p>\n
Goldbugs could see this bitcoin result coming because we got caught up in one of these not once but twice and many are still in denial that they shoulda sold a long time ago… but Bitcomaniacs had to learn the hard way…which is the only way .<\/p>\n
The “reason” du jour<\/p>\n https:\/\/arstechnica.com\/tech-policy\/2018\/11\/bitcoin-plunges-12-percent-reaching-lowest-value-in-a-year\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Last Year at this exact time almost NOBODY had heard of Bitcoin….within a few weeks EVERYBODY and his ASS was either IN or wished they were. That was about to change in the most dramatic way. The mania lasted just … Continue reading ![\"\"](\"https:\/\/goldtadise.com\/wp-content\/uploads\/2018\/11\/gbtc.png\")
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