Just kidding, again.
We are continuing to see bitcoin and most other cryptocurrencies sell-off, however, just as we said they should and would do after such a parabolic spike higher in the last few months.
It has fallen 26% from its high 34 days ago.
Bitcoin has actually improved its speed and transaction costs dramatically in the last few weeks but that is likely temporary until a more permanent solution can be introduced. And we are still very, very far from consensus on how to improve bitcoin.
Numerous hard and soft forks are all competing and coalescing around an August 1st deadline.
We could see a lot of panic selling if things get messy. And if things don’t get messy and are solved in way that is perceived by the majority to be a major improvement to bitcoin, we’ll likely see a big spike in buying.
Stay tuned to The Dollar Vigilante’s Youtube channel as we’ll be interviewing Roger Ver to get his take on what may or may not happen in the next few weeks. And, as we usually do, we’ll release this video to subscribers first so they get the first opportunity to act on the information.
As well, in our last issue of The Dollar Vigilante newsletter we went over a lot of the possibilities and how to protect yourself from possible loss if a hard fork is implemented. You can subscribe here to access that information right now.
When it comes to the other cryptocurrencies, the other side of almost every transaction is bitcoin. So, a sudden drop or rise in bitcoin will have major repercussions for the value of the other cryptocurrencies.
In other words, buckle up for an interesting few weeks ahead! You’ll want to make sure to subscribe to our newsletter so you get all the best information, analysis and recommendations in real time.
This is absolutely not the end of the cryptocurrency space. In so many ways it is really just the 1st or 2nd inning.
We’ve made massive gains over the last six years while everyone said we were crazy. We made over 100,000% gains on bitcoin and a 20,000% gain on Ethereum, recommending it at $2 in 2016.
And we are just about to recommend a cryptocurrency which is at the same level of development that Ethereum was when we recommended it at $2 last year. And I think it could easily outperform Ethereum in the next 1-2 years.
Yes, it really could make a 20,000% gain in the next 1-2 years. $1,000 invested now could quite easily be worth $200,000. You can’t call us crazy this time because we do it all the time! And, with the cryptocurrencies selling off right now it is the perfect time to buy some.
I’ll be releasing this cryptocurrency pick to subscribers in the next 24 hours. You can get first access to it by subscribing now HERE.
About the Author
Anarcho-Capitalist. Libertarian. Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks. Jeff Berwick is the founder of The Dollar Vigilante and host of the popular video podcast, Anarchast. Jeff is a prominent speaker at many of the world’s freedom, investment and cryptocurrency conferences including his own, Anarchapulco, as well as regularly in the media including CNBC, Bloomberg and Fox Business. Jeff also posts exclusive content daily to the new blockchain based social media network, Steemit.