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?


Mike "Mish" Shedlock

Bitcoin Bust Resumes: Is the Top In?

The top 15 cryptocurrencies are all in the red after a brief bounce following a 40% plunge in Bitcoin.

Ripple's $29 Million Publicity Stunt Donation

Ripple will donate $29 million to schools. Let's view this for what it really is: An advertising stunt.

Bitcoin Fad Fading: For Now or for Good?

Bitcoin failed its latest breakout attempt. Heck, it did not even come close. Down again we go. For how long?

Safe to Say Bitcoin Is a Bubble or Do We Need to See $1000 First?

The Bitcoin and stock market implosions continued after hours. In December, Bitcoin was at $19,000. It's now $6,200.

Crypto Bubble Unwind Images: Fast in Altcoins, Slower in Bitcoin

Ripple, the number three cryptocurrency is down 89% from the top, Ethereum 76%, Bitcoin 67%.

Bitcoin Silliness: Ignore the Roller Coaster, Never Sell

If bitcoin’s price plunges 70%, it is only back to its 200-day moving average near $4,473.

Criminals Drop Bitcoin for Monero

Criminals now prefer Monero over Bitcoin because Bitcoin can be traced.

Bitcoin is a Faith-Based Religion

Bitcoin is a free market construct. But it is primarily based on faith.

Nonsensical Idea of the Day: "Bitcoin is a Ponzi Scheme"

It is absurd to label bitcoin a Ponzi scheme. Yet that is what Jim Rickards says. Ironically, Bitcoin is an anti-Ponzi setup, regardless of what it is used for, regardless of whether or not it's in a bubble.