Sep 24, 2020
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Bitcoin Crash Escalates, Equity Crash Developing

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As the meme goes… that escalated quickly. While my $100 dollar ethereum prediction in September was looking good late last week at $129: Ethereum chart last week CREDIT: ADVFN Ethereum is now $106. It is really close enough to declare self-affirmation and go home but this crash isn’t over yet. [Ed note: Investing in cryptocoins or tokens is amazingly speculative and the market is largely unregulated

Anyone considering it must be prepared to lose their entire investment

 

] As I write bitcoin has hit $3 600 roughly nigh on 20% lower (18. 9%) than after I wrote last week s doom-laden article. I have picked up a splash bitcoin (BTC) but only to back my opinion that my timing and opinion might be as off as the next man s

I m still looking ahead to $2 500 to get serious

 

But I m not one of these doomster that doesn t make money when the tide turns actually I m not a doomster at all

Anyone who has read my pieces on Forbes over the last 15-20 years will note many rampant bull market calls predicting ridiculous levels to the Dow etc

 

which came to pass. The secret to meaking money available in the market is to appreciate which way the market is going; little more is required

If the market goes up it s hard to lose money as an investor and if the market is going on it s hard to make it

 

I ve been fortunate enough to be pretty good over the years at the all-important call and I hope. If there are any fans accessible they’ve made much money from this rune casting

We’re in a bear market for bitcoin and equities and they’re going to keep falling. The equity market has just started and the crypto market is approaching the final leg(s) of its crash

 

You don t have to appreciate any further than that to make a bundle of cash but people always want more

So where are we with crypto? Listed below are two charts I encourage you to think on: Ethereum chart today CREDIT: ADVFN Ethereum now and Amazon back inside the dotcom crash

 

Amazon chart back inside the dotcom crash CREDIT: ADVFN Amazon is an efficient road map for ethereum and there by the final road ahead for crypto

You may be able to surmise or at least imagine by comparing both financial assets born of revolutionary technological developments and new thinking that: The crypto crash is sort of done In percentage terms from here the fall could still be big The long-term upside might be immense Ethereum might be able to halve This crypto crash is following an established path worth considering on your calculations Now if you happen to wish to finesse their re-entry it is really the plan: When to re-enter after a crash CREDIT: ADVFN You need to do a matching for the arrival dotcom 2 crash

It s coming and it s going to hit a $25 trillion market not some midget $500 billion one

 

Don t believe me? Amazon s chart today CREDIT: ADVFN It is really just how bubbles look. Below is bitcoin just bursting. Up like a rocket and down like a rock. Bitcoin s bubble bursts CREDIT: ADVFN The ten-year bull had to die a long time and it is really it

Actually it’s been on its last legs because the Federal Reserve started and started ramping its reverse-QE last November

 

While the Dow might see some central banking empathy the overblown Nasdaq will not. But that s OK the market will always crash from time to time. The hot button is to be out near the tip and back in near the bottom

That is the game we in the present day are playing

 

So let s coin a new market meme BTFC Buy The Flipping Crash Opportunities are coming. Be one of the first to appreciate the largest crypto and blockchain news and data with Forbes Crypto Confidential a free weekly eletter

Check in now. Disclaimer: I own bitcoin and loads of other altcoins

 

—- Clem Chambers is the CEO of personal investors Web site ADVFN. com and author of Be Rich The Game in Wall Street and Trading Cryptocurrencies: A Beginner s Guide

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