Why a Hard-Core Bitcoin Bear Is About to Turn Bullish

In my forecasts over the last year, I’ve treated bitcoin with skepticism and disdain, to put it mildly. (Check out the $BRTI tout at the bottom of the Rick’s Picks home page to see how I’ve scorned not just cryptocurrencies, but those who have loudly hyped them for personal gain.) My strong doubts will have spared subscribers who have been habitually bullish on block-chain currencies a world of pain. However, recent developments are threatening to turn me bullish despite my deep distrust of ‘money’ that any Tom, Dick or Harry could start ginning up tomorrow. Be that as it may, bitcoin has taken a steep dive this week after falling off a ledge thousands of dollars above the very bearish target we’ve held in mind since January. If it hits that target, which lies at 4396 (basis the CME’s real-time bitcoin index, symbol $BRTI), even I would be a buyer. And although I don’t expect a trampoline bounce from my number, I am confident it will offer a relatively safe and precise spot for bulls to start accumulating a stake. If you held off buying until now because my forecast scared some sense into you, consider taking a free trial subscription to see what other cool stuff we’re doing behind the subscriber wall.

  • none November 16, 2018, 5:49 am

    “If you saw Atlas, the giant who holds the world on his shoulders, if you saw that he stood, blood running down his chest, his knees buckling, his arms trembling but still trying to hold the world aloft with the last of his strength, and the greater his effort the heavier the world bore down upon his shoulders – What would you tell him?”

    I…don’t know. What…could he do? What would you tell him?”

    To shrug.”

    Have a great weekend Rick.