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Glad I Took That Dump

This is a syndicated repost published with the permission of Slope of Hope – Technical Tools for Traders. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

People have the nerve to act surprised. I said for eons that once support was breached, it was bye-bye, crypto. Oh, well. I guess that’s the price I pay for having a tiny audience. If only I was a screeching simpleton like Cramer and had a worldview following, maybe it would be different.

In any case, Earth has finally caught on, and #Cryptocrash is one of the to trending topics on Twitter. Truly.

I actually made good profits on crypto when I messed around with it last year, but I decided it was screwed & tattooed, so I got out completely. For the sake of curiosity, I created a portfolio in CryptoStream which let me know what my sweet, sweet profits would have been if I had been a true HODL and never sold. Well, here it is: an 83% loss so far, and remember, these three last coins were what I considered to be the best of the best.

I also daresay the drop is far from over. Why? Because these things are completely dumb.

Altucher

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