We have witnessed the meteoric rise of bitcoin
over the last 4.5 months from a mere $1,800 to $10,500. Now we shall witness the meteoric fall of bitcoin
from $10,500 down to $1,800 over the next few months. Bitcoin
is way over-bought. What we see now is a bubble and all bubbles must burst. Do not think for a second that we are on the S-curve that will only rise and rise because we are not there yet. I do believe that bitcoin
will undergo the S-curve on its next giant wave but not this one. If you have sold your house and got into bitcoin
a few months ago, I congratulate you but it's time to buy a bigger house now.