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Bitcoin crash imminent

bitcoin crash imminent

Of course, the collapse of bitcoin is inevitable. But this will not happen soon. Though cryptocurrencies are not ordinary "financial pyramids". Because. Magellan fund manager Hamish Douglass believes a crypto crash is coming and Bitcoin could go to zero. Here's why. Do Bitcoin charts foretell an impending crash in ? Many analysts have noted signals that the price of bitcoin was tracing the same. BITCOIN CALL SIGN

Whereas, now major financial institutions are initialising long term accumulation of digital assets. This suggests that there is much more room for expansion for bitcoin and other digital assets. Traditional investors are discovering bitcoin as a hard asset alternative to gold. A man in India has died by self-immolation after his boss reportedly demanded to have sex with his wife in exchange for a transfer. That could impact Mayfield and the Browns:. The Duke and Duchess of Sussex stopped to see the queen in the United Kingdom on their way to the Netherlands, where they will attend the Invictus Games, the Paralympic-style competition for wounded service members that Harry launched in It is not known whether the Sussexes visited with other royal family members during their stop in the U.

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Brian McGleenon. Many analysts have noted signals that the price of bitcoin was tracing the same trajectory of late and the subsequent crash of early January Photo: Getty. Story continues. That's at least a year away, maybe longer. This idea that inflation is transitory is a pipe dream. You know anybody working for less money in this environment? We're running enormous fiscal deficits and the Fed has been funding it. There's no stabilizing forces in the market now, it's all run by machines.

When there's a real reason for the market to go down, it'll go down so quickly your head's gonna spin. I'm 78, I'm old, I don't understand it. One thing I do know is it's not in the interest of the US government to further a substitute for the US dollar. I don't think it makes a great deal of sense. If you're nervous about the world, gold would be a better store of value than bitcoin.

Some things are overpriced, are crazy — I call that the Robinhood market. I hope they know what they're doing, but I doubt it. There's a bunch of academicians running monetary policy around the world. Bonds are totally mispriced. The idea of buying year German bonds and getting less back in 10 years than you invest today — I really don't get it at all. The government's gotta sell a lot of bonds.

What schnook is gonna buy a bond today? I'm watching a lot of things for a signal to change. I kind of agree with Warren Buffett. People don't get rich being short America. I'm giving all my money away so I couldn't care less, but I'm a capitalist with a heart.

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Submit Comment Clear. Article comments. No comments yet, be the first to comment this article. Or suggest new tag:. Forgot your password? Cancel Login. Login using your Social Network Account. The top of this bull is longer and therefore broader, and the rise is greater because of the entrance of institutions.

This changes how a crash will play out. It just shows the coming few weeks, not the next year or two. However, I think it is a good model for the whole near-term unwinding of this end cycle moment for Bitcoin. Crypto categories behave in similar ways because the audience for trading and investing are the same and their behaviour shows in the price action, except NFT is brand new and going through an accelerated cycle just like BTC did years back when it was niche.

This is the end of the Bitcoin four-year cycle and everything follows from that. To me, it is as simple as that and this model has served me extremely well. So why give up on it now as it continues to call the big moves? This article will anger many, but remember, this is a four-year cycle; we will get two-to-three years of opportunity to buy BTC etc.

This is where my focus lies. For me it is that simple: sell the bubble, buy the crash and the following crypto winter. There will be no hurry because the next crypto winter will be as long as the last and the coming boom will likely be twice as high as this one. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it other than from Seeking Alpha. I have no business relationship with any company whose stock is mentioned in this article.

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