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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.

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People are picking numbers out of their ass.

Bitcoin Top In?

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Mike "Mish" Shedlock