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I have received three calls today about the cratering bitcoin prices. Two from kids in their twenties who were previously the greatest investors ever, and one from a friend who went in pretty heavy at his kid's urging. I could only offer what I know. There are regulatory issues on the horizon that may have adverse effect on price. In particular, the Koreans considering banning the trading and ownership in cryptocurrencies. And then there is the impending first expiration of futures contracts on the commodities exchanges. All negatives in my view. Price has been halved from its very recent high of 19500. It is at 9545 as I type this, down +10% on the day, or over 1000 bucks... They were not happy when I said that I could see this thing getting cut in half again from this level. They are not having a good day.....
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