Bitcoin: Boom or bubble?


APPLE FIRST. CHERYL: NICOLE PETALLIDES. MARKET TAKING A BREATHER TODAY THE CRYPTOCURRENCY RALLYING SHOULD YOU GET OUT NOW, STAY IN, STOMACH VOLATILITY? BRING IN CHIEF INVESTMENT OFFICER LEE MUNSON. CHERYL: EVERY DAY WE ASK QUESTION ABOUT BITCOIN, FACT OR FICTION. WHAT DO YOU SAY?>>WELL, LET’S PRETEND IT WAS ACTUAL ASSET CLASS, WHICH IT IS NOT. I THINK, I WATCHED FOX’S I THINK HE DISCUSSED WHY YOU HAVE A SMALL FLOAT, WHY IT IS GOING UP BUT I’M HERE TODAY TO TELL YOU ABOUT HOW YOU TRADE A BUBBLE, A FAD, A PUMP AND DUMP. IF YOU LOOK AT DOT-COMS, LOOK AT THE TECHNICAL, THE CHART OF CISCO SYSTEMS FROM 19972002 OR JDS UNIF I PHASE OR WHATEVER.COM, THIS IS BITCOIN ALL OVER AGAIN. IF IT DOESN’T BREAK ABOVE 20,000, THIS THING IS A DEAD DUCK. IT IS DONE. I DON’T WANT TO TRADE IT. I DON’T OWN IT. I NEVER OWNED IT. THINK IT IS BACK DOWN FROM 2000. I SAID IT. SAYING, YOU KNOW, THISç IS JUSTA FACADE. WHAT DID HE CALL IT? JUST A JOKE. THAT WAS QUOTE, UNQUOTE, FROM WARREN BUFFETT, JUST A JOKE AND MIRAGE. MORGAN STANLEY, THEY CAME OUT, THEY SAY THE BITCOIN TRUE PRICE WOULD BE ZERO. WHY WOULD I PAY 20,000 FOR SOMETHING IF MORGAN STANLEY IS GOING TO SAY, YEAH IT WILL BE ZERO?>>PEOPLE PAID A LOT FOR DOT-COMS. HERE IS THE THING, LET’S KEEP A FEW THINGS IN MIND HERE FIRST OF ALL. INVESTORS BOUGHT YAHOO! STOCK AT 200 A SHARE AND TOOK THEM OUT. WHAT PEOPLE HAVE TO REMEMBER WITH BITCOIN THERE IS NOT A COMPANY HERE. IT DOESN’T DO ANYTHING. WE’RE HAVING INSIDER SCANDALS.

10 thoughts on “Bitcoin: Boom or bubble?”

  1. Stock market crashes are the legacy of Republican administrations. Black Monday = Reagan era. Post 9/11 = GWB. Housing and global financial crises = GWB.

  2. First of all when I reached out little over 19,000 overstock.com so what all are bitcoins, hedge funds so dollar Bitcoins, and you can short Bitcoin. Fall is selling gave the shorts more momentum to sell big one and make a profit. I sold mine at 16700 and ball back at 11120. I gave myself a good chance to buy back more Bitcoin and still live comfortably at the same time whatever NBC or Fox News or anybody else says the banks are jealous the hedge funds are are angry and the globalist and oversees banks are so angry at the ordinary people that's making a lot of wealth. Have a good night

  3. Financials are over and Bitcoin isn’t the issue it’s peer to peer financial biz, including “loan” origination and a variety of other financial events become not debt based, but peer based-it transcends Central Banks and their fiat currency debt model. There will Be fits and starts, but Tech is happening.

  4. 2 people as usual on Fox, that do not understand or study the topic (at all) before gabbering on like a bunch of clueless rich soccer mom's. That is the level of intelligence on fox and knowledge of technology, lately.

Leave a Reply

Your email address will not be published. Required fields are marked *