Saturday, 9 December 2017

Bitcoin - The song has ended...

Interesting that the crypto-currency mania 'took off' at about the same time that a few people identified a structural shortage in the available physical Gold supply in London.
 
Also interesting is the fact that about 40% of crypto-currency is owned by 1,000 people.
- Large holders of anything have a great opportunity (especially in an unregulated market) to orchestrate price movements. This always end badly...for the retail traders.
 
To quote Irving Berlin:
      "The song has ended, but the melody lingers on."
 
 

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