QUESTION: Mr. Armstrong; I love the fact you always stand in the middle. Do you believe that 95% of Bitcoin Trading is fake? Thank you KL ANSWER: I did not conduct that study. It does sound a bit high. However, manipulation has been a historical problem in the commodity world. As I stated before, […]

  There is an interesting concern rising from the too numerous exchanges for Bitcoin. A study has revealed that the market is being manipulated to create the impression that there is a $6 billion market trading every day. This manipulation is all about boosting the image of volume using what the study shows are known […]

QUESTION: Do you think that Bitcoin will replace gold as some people claim it is some new reserve asset? Thank you for being the voice of reason in the middle of all these people preaching their own position. GD ANSWER: That is really a bizarre question. I do not see how that is possible. As […]

  The story running around is that the hackers known as the Dark Overlord claim they will release 911 Documents unless they are paid a ransom in BitCoin. This merely illustrates the problem with private cryptocurrencies and it may be just a ploy to justify governments seizing private cryptocurrencies and issuing their own. They claim in an announcement […]

  COMMENT: Mr. Armstrong; I just wanted to write to say thank you. You saved my marriage. My wife insisted I listen to you because you were right and got me out of gold. You also got me out of Bitcoin and I cannot thank you enough. These crazy people were touting a new age of […]

  QUESTION: Mr. Armstrong; I really encountered an insane goldbug who claimed you were paid off by the gold cartel to keep the price down. These people cannot open their eyes and see anything but gold or bitcoin. Then they argue the age of knowledge and bitcoin will become the new reserve currency. You really […]

The Japanese cryptocurrency exchange Zaif has come out and admitted that a “system error” allowed customers to “buy” trillions of bitcoin for free. The Japanese newspaper, Asahi Shimbun, reported that Zaif informed users of the error in a post on their website. They explained that users could inadvertently “trade” the yen for virtual currency at an […]

https://www.youtube.com/watch?v=aeMv9uKpAZg&feature=youtu.be  

The rally in BitCoin was a perfect 13 weeks up from the last strategic low. It peaked with the Weekly Array the week of 12/18 which was both a Panic Cycle and a Directional Change. However, with the impending ban in South Korea on trading cryptocurrencies, the high of December appears to be at least […]

COMMENT: Mr. Armstrong; I am very impressed. Socrates called the high in BitCoin and Thursday it wrote: “As of the close of Thu. Dec. 21, 2017: Our immediate trend model is bearish as are our momentum models so we should still expect a retest of support. Projected technical Resistance stands tomorrow at 1626085, 1626085, 1626085 […]