Best of the Week
Most Popular
1.Canada Real Estate Bubble - Harry_Dent
2.UK House Prices ‘On Brink’ Of Massive 40% Collapse - GoldCore
3.Best Cash ISA for Soaring Inflation, Kent Reliance Illustrates the Great ISA Rip Off - Nadeem_Walayat
4.Understanding true money, Pound Sterling must make another historic low, Euro and Gold outlook! - Marc_Horn
5.5 Maps That Explain The Modern Middle East - GEORGE FRIEDMAN
6.Gold Back With A Vengeance As Bitcoin Bubble Bursts - OilPrice_Com
7.Gold Summer Doldrums - Zeal_LLC
8.Crude Oil Trade & Nasdaq QQQ Update - Plunger
9.Gold And Silver – Why No Rally? Lies, Lies, And More Lies - Michael_Noonan
10.UK Election 2017 Disaster, Fake BrExit Chaos, Forecasting Lessons for Next Time - Nadeem_Walayat
Last 7 days
Saving Illinois: Getting More Bang for Its Bucks - 24th Jul 17
3 Stocks Sectors That Will Win in The Fed’s Great Balance-Sheet Unwind - 24th Jul 17
Activist Investors Are Taking Over Wall Street, Procter and Gamble Might Never Remain the Same - 24th Jul 17
Stock Market Still on Track - 24th Jul 17
Last Chance For US Dollar To Rally - 24th Jul 17
UK House Prices Momentum Crash Warns of 2017 Bear Market - Video - 22nd Jul 17
Crude Oil, Gold, ETFs & more: Pro-grade Market Forecasts - 22nd Jul 17
Warning: The Fed Is Preparing to Crash the Financial System Again - 21st Jul 17
Gold / Silver Shorts Extreme - 21st Jul 17
GBP/USD Bearish Factors - 21st Jul 17
Gold Hedges Against Currency Devaluation and Cost Of Fuel, Food, Beer and Housing - 21st Jul 17
Is It Worth Investing in Palladium? - 21st Jul 17
UK House Prices Momentum Crash Threatens Mini Bear Market 2017 - 21st Jul 17
The Fed May Show Trump No Love - 20th Jul 17
The 3 Best Asset Classes To Brace Your Portfolio For The Next Financial Crisis - 20th Jul 17
Gold Stocks and Bonds - Preparing for THE Bottom - 20th Jul 17
Millennials Can Punt On Bitcoin, Own Safe Haven Gold For Long Term - 20th Jul 17
Trump Has Found A Loophole To Rewrite Trade Agreements Without Anyone’s Permission - 20th Jul 17
Basic Materials and Commodities Analysis and Trend Forecasts - 20th Jul 17
Bitcoin PullBack Is Over (For Now): Cryptocurrencies Gain Nearly A 50% In Last 48 Hours - 19th Jul 17
AAPL's 6% June slide - When Prices Are Falling, TWO Numbers Matter Most - 19th Jul 17
Discover Why A Major American Revolution Is Brewing - 19th Jul 17
iGaming – Stock Prices - 19th Jul 17
The Socionomic Theory of Finance By Robert Prechter - Book Review - 18th Jul 17
Ethereum Versus Bitcoin – Which Cryptocurrency Will Win The War? - 18th Jul 17
Accepting a Society of Government Tyranny - 18th Jul 17
Gold Cheaper Than Buying Greek Villas in 2012 - 18th Jul 17
Why & How to Hedge the Growing Risks of Holding Stocks - 18th Jul 17
Relocation: Everything You Need to do for a Smooth Transition Abroad - 17th Jul 17
A Former Lehman Brothers Trader: It’s Time To Buy Brick And Mortar Retailers - 17th Jul 17
Bank Of England Warns “Bigger Systemic Risk” Now Than 2008 - 17th Jul 17
Bitcoin Price “Deja Vu” Corrective Sequence - 17th Jul 17
Charting New Low in Speculation in Gold and Silver Markets - 17th Jul 17
Bitcoin Crash - Is This The End of Cryptocurrencies? - 17th Jul 17
The Fed's Inflation Nightmare Scenario - 17th Jul 17
Billionaire Investors Backing A Marijuana Boom In 2017 - 17th Jul 17
Perfect Storm - This Fourth Turning has Over a Decade of Continuous Storms to Come - 17th Jul 17
Gold and Silver Biggest Opportunity Since Late 2015, Last Chance at These Prices - 17th Jul 17
Stock Market More to Go - 17th Jul 17
Emerging Markets & Basic Materials Stocks Breaking Out Together - 16th Jul 17
Stock Market SPX Uptrending Again After Microscopic Correction - 15th Jul 17

Market Oracle FREE Newsletter

Crude Oil, Gold, ETFs & more: Pro-grade Market Forecasts

Bitcoin, All Cryptocurrencies Are Collapsing! We Are Witnessing End of Blockchain!

Currencies / Bitcoin Jul 15, 2017 - 02:37 PM GMT

By: Jeff_Berwick

Currencies

Just kidding, again.

We are continuing to see bitcoin and most other cryptocurrencies sell-off, however, just as we said they should and would do after such a parabolic spike higher in the last few months.


Bitcoin has fallen the least of the major cryptocurrencies… again, just as we said it would.

It has fallen 26% from its high 34 days ago.

Ethereum has fallen 51% from its high 30 days ago, also as we expected. I told subscribers to sell Ethereum near $400… it is now below $200.

What many don’t know is that this summer will likely be an incredibly volatile time for all the cryptocurrencies.

Bitcoin has actually improved its speed and transaction costs dramatically in the last few weeks but that is likely temporary until a more permanent solution can be introduced. And we are still very, very far from consensus on how to improve bitcoin.

Numerous hard and soft forks are all competing and coalescing around an August 1st deadline.

We could see a lot of panic selling if things get messy. And if things don’t get messy and are solved in way that is perceived by the majority to be a major improvement to bitcoin, we’ll likely see a big spike in buying.

Stay tuned to The Dollar Vigilante’s Youtube channel as we’ll be interviewing Roger Ver to get his take on what may or may not happen in the next few weeks. And, as we usually do, we’ll release this video to subscribers first so they get the first opportunity to act on the information.

As well, in our last issue of The Dollar Vigilante newsletter we went over a lot of the possibilities and how to protect yourself from possible loss if a hard fork is implemented. You can subscribe here to access that information right now.

When it comes to the other cryptocurrencies, the other side of almost every transaction is bitcoin. So, a sudden drop or rise in bitcoin will have major repercussions for the value of the other cryptocurrencies.

In other words, buckle up for an interesting few weeks ahead! You’ll want to make sure to subscribe to our newsletter so you get all the best information, analysis and recommendations in real time.

This is absolutely not the end of the cryptocurrency space. In so many ways it is really just the 1st or 2nd inning.

We’ve made massive gains over the last six years while everyone said we were crazy. We made over 100,000% gains on bitcoin and a 20,000% gain on Ethereum, recommending it at $2 in 2016.

And we are just about to recommend a cryptocurrency which is at the same level of development that Ethereum was when we recommended it at $2 last year. And I think it could easily outperform Ethereum in the next 1-2 years.

Yes, it really could make a 20,000% gain in the next 1-2 years. $1,000 invested now could quite easily be worth $200,000. You can’t call us crazy this time because we do it all the time! And, with the cryptocurrencies selling off right now it is the perfect time to buy some.

I’ll be releasing this cryptocurrency pick to subscribers in the next 24 hours. You can get first access to it by subscribing now HERE.

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2017 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife