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Black Monday Bitcoin Bubble? But Wait! Isn’t This Time Different? (Video)

Wednesday, November 8, 2017 10:32
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Black Monday refers to Oct. 19, 1987, when the Dow Jones Industrial Average (DJIA) lost almost 22% in a single day. That event marked the beginning of a global stock market decline, making Black Monday one of the most notorious days in financial history.

Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country’s central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.

Taking you way beyond Wall Street, Adventures in Finance offers investing ideas, finance stories, lateral thinking and irreverent insights from some of the most brilliant minds in finance. Whether you’re a heavyweight investor or just dabbling your toe in finance – embark on a journey down the financial path less travelled with Adventures in Finance.

In this latest video from  Mike Maloney, Mike ponders the questions ‘Could Bitcoin hit $50,000 in the next couple of months?’ and also, ‘Is Bitcoin in a bubble?  Could it crash?’ You may be surprised to hear how Mike answered these questions and the action he has taken accordingly.

Recall the “Flash Crash” on  May 6, 2010. That day the Dow briefly plunged 600 points in a matter of minutes after a big automated sell trade in the options market put in by a mutual fund overwhelmed trading systems. . The Dow also suffered a steep drop of more than 900 points in after-hours trading back on election night after Donald Trump’s surprise win against Hillary Clinton.

I host the Church of Mabus radio show and it is going on 8 years. I’ve been in the paranormal community for 20 years. I provide content from a network of sources and guests and allies. Ranging from Politics to the Paranormal and the Spiritual. You can check out my other articles here at my BIOGRAPHY at BIN and you can check out my free radio show at this link HERE. Thanks for showing your support and stopping by.

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Total 2 comments

    No bubble no crash. We are in the 1st stage of growth w/ less than 2% of the world pop. even knowing what a BTC is. w/ 90% sales in the U S followed by appprox 5% China and 2% S Africa. The rest are spread throughout the world. With Japan who has accepted it as currency and the CME group recognizing them by preparing to sell futures is why we have the most recent spike. The word is spreading and the hedge funds are buying like mad. If anyone has any doubts go to Fiatleak and watch real time sales from the largest exchanges. Watch over 1,000 a minute being sold. When the last coin is mined the premium’s charged will by big very big. Coinbase is charging between $25 and $40 as a premium. BTC is like the cell phone in it’s growth. When they first came out 1% of world pop. had one today it would be hard to find a person w/ out one. When we hit 4% the price will double and double again for every few %. It’s not even close to a top. When all 21,000,000 coins are mined you will see them used to settle international trade. $10,000 by years end.

    • b4

      Yup..but…and this is a huge butt! 98 percent of cyp toes are bogus.. some real big time money to be made..find a guru who knows what they are talking about ..research it..have fun

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