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Bitcoin Crash Accelerates

IMG Auteur

Mish

Global Economic Analysis

Published : March 30th, 2018

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Category : Crisis Watch


	The top 26 cryptos are in the red, with the 4 majors down double digits. This week, 9 of the top 11 are down over 20%. Chart from Investing.Com. It's difficult to deny a bitcoin crash is underway, but the true believers will deny the crash anyway. The HODLers' expectations of big bounces are being sold hard. This post adds little to the discussion, but I have a couple of articles planned in which I will detail how and why the true believers are wrong about mining costs and miners supporting the price of Bitcoin. For now, and contrary to true believer statements, buy the dip has morphed into buyer beware. Belief in bubbles is fun, until they pop.

Source : www.themaven.net

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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com

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