February 5, 2018

Did the bitcoin bubble just burst ?

Bitcoin drops below $8000 and currently trading at around $7314. Doug Kass thinks Bitcoin could drop to $2000 eventually.
"Watching the business media, who now seemed to have all expected this decline,  I am reminded of Buffett's statement: Investment vision is 20/20 when viewed in a rear view mirror."

"No more bitcoin price bugs on CNBC and, hopefully, fewer self professed crypto currency experts who made millions of dollars on a $19 investment - who will be returning to their mother's basement to live. 
Was the business media partially responsible for the broad acceptance of dot com  trading/investing or for flipping homes (because home prices had never declined)?
Is there a shared responsibility for dot com , housing speculation, bitcoin?"

via twitter