Tuesday, February 6, 2018 4:59 AM EDT
The Bitcoin and stock market implosions continued after hours. In December, Bitcoin was at $19,000. It's now $6,200.
Is it now safe to admit Bitcoin was in a bubble?
To all you would be dip buyers, I have one more question: If you did not like Bitcoin at $6,000 on the way up, is there any reason to like it now?
(Click on image to enlarge)
Disclaimer: The content on Mish's Global Economic Trend Analysis site is provided as general information only and should not be taken as investment advice. All site content, including ...
more
Disclaimer: The content on Mish's Global Economic Trend Analysis site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.
less
How did you like this article? Let us know so we can better customize your reading experience.
Ouch!