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Crypto Report - Help save the old guard...they're growing extinct!

Dr. K's Crypto-Corner

by Dr. Chris Kacher

The Revolution (Evolution) Will Not Be Centralized™ 


But such is the price of progress: https://www.zerohedge.com/news/2018-07-21/why-old-guard-hates-bitcoin

And despite repeated claims that bitcoin has repeatedly died since 2012, it continues to defy.

That said, the NVT valuations such as this one suggest this bitcoin uptrend is NOT the start of a new bull market in crypto. If you own any bitcoin or other cryptocoins (since there is a high correlation between the price of bitcoin and other coins), you might take profits from the recent run.

On the other hand, if you own a coin which has managed to buck this year's downtrend, you might hang onto it, after all, price is everything. In the meantime, don't be surprised if bitcoin heads lower, and even retests old lows. On the basis of its price history since 2011, it may even have a knee-jerk reaction to new lows in the current bear, well under the current bear market low of 5775. The current NVT valuations further suggest a major low in place further out, perhaps closer to the end of this year. In an earlier piece, I wrote that bitcoin would have to hit 2950 to match the 87% correction in the 2014-2015 bear.

(͡:B ͜ʖ ͡:B) (͡:B ͜ʖ ͡:B)

PS: Thank you to those who have been with me in spirit since early days: Diana Biggs, Adam Draper, S. Steven Huntsman, Chase Edwards, Ivan Soto Wright, Asher Dory, Vitalik Buterin, Tim Enneking, Fabian Soudere, Gareth Giles, Brock Pierce, Nick Spanos, John Purcell, et al (out of respect to those who wish to preserve their anonymity).
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2018 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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