Now trading at $5,300.
But I thought all the “experts” said this “bubble” of “irrational exuberance” over something with “no intrinsic value” was done, done, and done nearly four years ago, when it hit $1,000 at the end of 2013, creating hundreds, even thousands of Bitcoin millionaires? They’re experts, right? How could they have been so wrong by a 5x order of magnitude? Does being wrong by 5x order of magnitude over the space of 4 years! make you an expert, an idiot, or an ignorant?
There are now 1,000 other crypto coins to trade, and a few hundred trade in large volume, for pennies. Most are crap, but lots aren’t, and some have already proven themselves. Others will, too.
How sure are you that something like this isn’t going to happen again, once institutions (like Chase and Goldman), hedge funds (15 already, with about 90 in the pipeline gearing up), and the general public start getting into it? There is a bubble coming, alright, but we’re still in stage two. Stage three hasn’t even started yet. This is like DotCom 1995. We likely have 3-5 years of bubble yet to ride.
Latest Primary Resources:
- How To Trade Cryptocurrencies (updated regularly)
- My Real-Time Crypto Portfolio (see the Update at the bottom for the link)
- My Latest Trade Notice (as of the date of this post)
Update 10/13/17: It hit $5,800 overnight, now trading in 5700s.