Online:
Visits:
Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Cryptocurrency Bloodbath! Sell Everything We Were Totally Wrong!

Wednesday, July 12, 2017 10:33
% of readers think this story is Fact. Add your two cents.

(Before It's News)

by Jeff Berwick, The Dollar Vigilante:

Just kidding.

The cryptocurrencies have taken a big hit in the last few weeks, however, just as we said they would.

On June 11th, bitcoin stuck its nose just above $3,000 and is currently near $2,377 for a pullback of 20%.

Ethereum, which I warned on numerous occasions had gone way too high, way too fast, touched $400 on June 13th and fell below $200 this morning. On June 26th I wrote, “Vitalik Buterin Death Hoax Brings To Light Risks In Ethereum”.
In that article I said how we had been telling subscribers to take profits on all cryptocurrencies, especially the altcoins, and Ethereum. Another call that turned out to be very prescient.

The total market cap of all cryptocurrencies, including bitcoin, hit a high of $112 billion on June 11th and is currently near $82 billion for a loss of 27% in the last month.

It’s interesting being in the financial newsletter writing business. You get a massive amount of new subscribers who all subscribe wanting to know what to buy… right when they should be selling!
For this reason, many newsletter writers don’t even tell people to ever sell.

But, I wrote about this exact thing to subscribers recently.

In a recent newsletter to subscribers (subscribe here) I wrote:

BUY OR SELL CRYPTOS?

“I have seen a number of subscribers posting in the private TDV Facebook Group that they are beginning to give up on gold and silver and are thinking of selling and buying some of these high flying cryptos.

That would be the opposite of what I would advise at this moment in time… and I touched on this in the last
Dispatch too.

To sell gold and silver to buy cryptos right now would be the worst time in the history of the world to do it. I don’t say that just because gold and silver have been slumping lately… but because the cryptocurrencies have gone parabolic.

Read More @ TheDollarVigilante.com

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Total 1 comment
  • 2QIK4U

    No shit Sherlock. I’ve only told you for over a year !😂

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.