Bitcoin Top?

"understate it" ? taxes are not on the honor system , LOL.

"claims to have" boy, you are sure selective in who/what you believe and who you don't.

At some point I'll prob trade BTC futures on either CME/CBOE..direction yet to be determined.

Always remember the better mouse trap theory. I think that is Ver's rational. Later.

 

I think back to 1993-4 when I first heard of the internet. At that time we would have never been able to imagine where we are at right now in regards to social media, smart phone, trading, pornsites lol. That’s where we are at with Bitcoin. We had many a naysayer back then as well. This does not mean that the price can’t tank, but currently it is indicating something super huge in the horizon.

 

Yes, I think since you're negative on it, you should short it. Don't be scared.
Later.

 

Another fall call for wolf but it will come eventually.

http://www.gorket.com/2017/12/12/bitcoin-collapse/

 

Since it is not obvious to you, my goal is always to collect info/perspectives from both/all sides.
Then along with price action, of the underlying act on it when I see fit.

Lots of carnage went along with the internet boon. If you bought and held the first version of the mouse trap you got smoked. is BTC the first version ? Ver already thinks so.

 

There were projects like egold in the early days of the internet which got shut down. So you could argue bitcoin is not the first version.

 

I guess the better question is ..is it the last ? prob not.

 

The carnage was the ease of Investment banks taking shit companies public knowing that price action would follow the hysteria, just like the boom we had in housing and the shit paper they stuck us with, once they saw what was under the hood those companies went belly up. Amazon, google and others that brought value have seen their share price increase megafold. No one is underwriting this, no firms are putting out recommendations to buy and yet it keeps going higher and higher. From the price action it is indicating huge potential to bring us value somehow somewhere where you or I cant point to just yet. peace

 

We are not naysayers to new technology , surely something new and evolved may come out from this , we are naysayers to current bubble in prices , big difference .

 

what metric are you using to say it is in bubble territory in regards to price? is that a feature in your charting service? like bubble crossover?