Is Bitcoin going to every die – probably not.
Bitcoin / Dollar BITSTAMP:BTCUSD
In this video, I review some evidence available to everybody. I spot some behaviour patterns of Bitcoin over the years.
The evidence to date is that it refuses to die – at each stage when people shouted “Crash!” or “Tulip!”.
I’m not saying that Bitcoin will not die. That’s none of my business as a trader. My business is to assess evidence, see patterns and decide on probabilities.
I’m inviting all to look at the same evidence. Are we all seeing the same thing? Are we seeing broadly the pattern of fall back followed by shocking recovery?