The Bitcoin Bubble is Here…What to Do Now

Mon, Apr 15, 2013

World Largest US Bitcoin Exchange

The Bitcoin Bubble Is Here.

world largest bitcoin exchangeThe “virtual currency” has hit the mainstream.

A leading Bitcoin exchange has received serious Venture Capital funding

The largest Bitcoin Exchange, MtGox.com, crashed for most of the day.

Somebody even took 300 Bitcoins and bought a Porsche

Even a “How to Buy a Bitcoin” feature has made it on the New York Magazine.

And the most important indicator of bubble, the value of Bitcoins has gone parabolic in the past few weeks:

As you can see, the current Bitcoin market has all the indications of every classic investment bubble.

This one will surely end the same way.

The bad news is a massive crash in price of Bitcoins imminent and anyone buying now will likely pay a heavy price for buying with the herd.

The good news is that after every bubble comes the best buying opportunity of all. Eventually Bitcoins will be worth $1,000 and there will be a time to buy them at a fraction of the cost today once this bubble bursts.

Wait and avoid this Hot Investment now.

Visit Contrarianinsights.com for more information

Good investing,

 

Andrew Mickey
Executive Editor, Contrarian Insights

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