Bitcoin about to crash

Here is a 30-day chart of bitcoin using CoinDesk's price. Textbook H&S. The crash is imminent folks.

For a little context: MSFT went up 10x in a 5-year period from 1995 thru 1999 during the dot-com bubble, accompanied with loads of cash flow and earnings along the way–and it took approximately 15 years for folks buying MSFT in 1999 to recover. Bitcoin is up 15x in a 1-year period, with absolutely no underlying fundamentals driving price. The crash, and resulting recovery period is likely to be far far worse than MSFT experienced in 1999 given recent price action.

Submitted December 30, 2017 at 11:24AM by lolgoldbugz

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