Ahhh Bitconnect Ponzi just collapsed. They just closed everyones positions at an amount above the market price, which of course they have no intention of paying but should buy them time to board a flight to the Antilles.
This dip is going to be remarkably cleansing. Like a nice colonic irrigation.
So let me get this straight, people got involved in BTC without realizing attempts at regulation were almost inevitable... then panic sell at the first signs of trouble?
I don’t think the China ban is relevant. It’s a correction.
Here is the chart to show long term how many ounces of gold to buy the DOW. It does not of course include dividends given for ownership, but still its impressive how often gold proves a better idea then stocks to hold value