It was amusing to see how many people – – serious-minded, widely-read people – – were falling all over themselves to see how high a projection they could make for Bitcoin. Of course, $100,000 was virtually within days, according to the investment banks. Honest to God, this thing could be worth $0.00 in five years, or $5 million. It’s anyone’s guess. But, for now, 20% of this lunatic fantasy has vanished in the space of hours.
Liquidity moves markets!Follow the money. Find the profits!
Oh, and just to mention it one last time for those of you who don’t hang out here on weekends – – if you didn’t read it already, please read my Peanut Butter Manifesto. I am still enjoying and benefitting from the comments!
Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.