RE: Is Bitcoin a bubble
It has sold off but i think it now has some up to it. it went from $11,202 down to $10,139 at the time of this post. I dont care what happens to it. if i see a buy signal i will buy if not i will set back and see if Warren Buffet is right when he said to buy a 5 year put......
it sold off more today. i thought i would go up to the daily 21 moving average before heading back down to the 200ma. if it breaks(or penetrates the bitch) it could break down even lower.
before the major sell off i had tweeted out that i thought it would go to $8k. Unfortunately my twitter was blocked, so i have no verifiable proof of it.
i was not watching bitcoin overnight so im sure there was some indication that it would continue to sell off. but i will stay i was wrong on thinking it had some up to it. with that said i did enter or exit the market biased off my analyses so there was not enough for me to be certain.