Update follow up Marc nails the BITCOIN CORRECTION Jan 12 2021


A bubble or best thing going?


(I WROTE THIS UPDATE on SUNDAY   JAN 10- See date on the update)


Here is Monday's January 11th, 2021 news on CNN :


New York (CNN Business)"Bitcoin prices surged to a new all-time high of nearly $42,000 on Friday, only to plunge all the way back to about $31,000 Monday morning. That's a more than 20% drop -- which means bitcoin is now in a bear market, as bizarre as it sounds".


Did I call it or what?






BITCOIN BUBBLE ?  Read this great article..... 


What Is a Bubble?

A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. This fast inflation is followed by a quick decrease in value, or a contraction, that is sometimes referred to as a "crash" or a "bubble burst."


Typically, a bubble is created by a surge in asset prices that is driven by exuberant market behavior. During a bubble, assets typically trade at a price, or within a price range, that greatly exceeds the asset's intrinsic value (the price does not align with the fundamentals of the asset).


Be careful kids......


January 10, 2021


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