Bitcoin -25%, Ethereum -29%, Ripple -44%: Is the Bitcoin Top In?

Bitcoin is interesting to watch due to its volatility. It's down 25% for the day. Ripple is down 44%.

I like watching Bitcoin because I have no idea what it will do and the volatility is breathtaking.

I have also been gathering a number of Bitcoin Tweets over the past few months regarding pontifications by people who have no clue where it's going, but they make forecasts anyway.

When Bitcoin fell to $12,000 from $19,000 a couple weeks back then rebounded to $16,000 the true believers were out in force.

One said the bottom was in. Another quickly predicted $26,000.

People are picking numbers out of their ass.

Bitcoin Top In?

Poll

Mike "Mish" Shedlock

Comments (17)
No. 1-17
formula57
formula57

Warren Buffet's hypothetical puts are in the money!

SweetKenny
SweetKenny

If it drops lower tomorrow all bets are off - the people on the fence will bail. If it gains tomorrow Doomsday will be delayed.

Sechel
Sechel

how does one proclaim a bottom to something that holds no intrinsic value?

thimk
thimk

Gee this list of cryptos looks like a baskin robbins menu . Bet they all taste like "rocky road" right now.

stillCJ
stillCJ

Editor

Since there is no way in hell I will ever sign up for twitter, not even to vote in Mish's poll, I'll record my vote here in the comments as "Down". Interesting that the poll would not work on Chrome, but works fine on Firefox.