Confused? Maybe it is good to watch this professionally made documentary (the whole 35 minutes), and thereafter decide for yourself, if you want to play the Bear or Bull case: https://www.sq1.tv/bitcoin
I don't think I'll choose to trust someone who said (on April 1): "Right now the price is growing, so itâs a good investment because the upside offsets the risk. " Apparently this woman knows when any security is "growing" or not and trades accordingly. Brilliant.
Well, you are a brilliant reader. The piece is not about trading at all. The piece is about how a Professor explains the (intrinsic) Value of a Technology, and one of her arguments is that Investors see Value in this Technology, as price is rising (otherwise these Investors would seek other better opportunities). And yes: price is now in a bear-leg-down. But still 400% up in half year time (the moment when many large Investors jumped in).
Uhh looks like Bitcoin is going to $100, that's going to flush a lot of amateur investors and i don't think they are coming back...
Who gives a shit what it's up in half a year? Nobody makes money on where it was. Anyone who bought in the last few months has been crushed.
Haha, I agree. The zealots will be saying that all the way down to zero saying it's a great buying opportunity. The jig is up. People understand that there is no intrinsic value in something that can so easily be replicated and regulated.