In The Last Week We Have Seen a Flurry of Bitcoin News on Mainstream Media.
Whenever I see the media talking about Bitcoin or anything hot in investing I start to think we are nearing the peak. Personally I think we are near a peak for this cycle. The night before I shorted Bitcoin at $2100 thinking that was the peak. Here is a link to the article Bitcoin Trading Story, Beware the Bull.
I was about 8 hours too early. If I would have shorted at $2200 instead I would be able to have a nice down payment for a house, just sayin. We could continue to rise here with the Segwit news but I believe that will occur when we have more consensus. I am treading cautiously here at these levels.
This is Why I Think We are at The Top.
Here is a list of the stories on mainstream media in the last week, taken from Google News.
Mashable-The $80 billion question: Why are Bitcoin and Ethereum growing so fast?
Forbes-Bitcoin Is An Asset, Not A Currency
Fortune-Bitcoin’s Murkier Rivals Line Up to Displace it as Cybercriminals’ Favorite
Investing-Bitcoin rally keeps going; tops $2,200
New York Times-What Is Bitcoin? All About the Mysterious Digital Currency
Barrons-Trump and Bitcoin: Two Peas in a Pod
The Guardian-Digital gold: why hackers love Bitcoin
The Street-Is Bitcoin Safer Than Gold?
UNILAD-If You Invested $100 In Bitcoin In 2010, You’d Be Worth $72 Million Now
CNBC-If you bought $100 of bitcoin 7 years ago, you'd be sitting on $75 million now
Some of the Stories Have to Do with the Ransomware Attack and Others with the Price of BTC.
Here is the Google Trends for Bitcoin over the last 7 days. This is the amount of times people do searches for a particular topic.
This is the chart for the last year.
