CryptoCrash - Jeff Berwick on China, Jamie Dimon and where Cryptocurrencies Are Headed From Here
I recently did an interview with Terry Brock and Sterlin Lujan regarding the recent cryptocurrency crash.
I was asked about the Jamie Dimon comment stating that bitcoin is fraud as well as my general perception of the cryptocurrency markets.
In regard to the crash I believe that this current correction was long needed and quite healthy for the market as a whole.
Also I think we are near the bottom of this correction, though we could still see some more downside before a reversal to a new bullish leg.
Of course, for those who are still holding bitcoin cash, the value of the two combined currencies is still around $4000 USD. Not bad for an asset that was only worth around $600 this time last year.
But, we expected this major correction in part because of how quickly and dramatically bitcoin has gone up in such a short period of time.
To see the full interview and get updated on the latest news in the crypto space check out the video here.
We’ll soon be releasing our September issue of the TDV newsletter with 30-50 pages of actionable information and analysis on not only the crypto space but also shorting the US dollar, which has made us hundreds of percent this year as well as investments into precious metals and gold mining stocks.
You can subscribe HERE to get access to it all.
We’ll soon be releasing another blog with more updates on what is going on with bitcoin in China, so stay tuned here on Steemit.
Hey dollarvigilante,
Very interesting read, Thanks you for sharing it!
Hi Jeff I am a big fan of the podcast from italy. What crypto beside bitcoin do you hold long term? I am very bullish on dash, I think it is even better than bitcoin, very low fees, instant transactions and extreme privacy, I think it is the one that could actually go mainstream for everyday usage.
Upvoted and Followed. Please followback and please upvote and resteem if you would like to help each other out: The REAL reason Jamie Dimon of JP Morgan called Bitcoin a "Fraud" (NOT what you've heard elsewhere about wanting to drop the price) a 30-second read: https://steemit.com/bitcoin/@thoughtchain/viral-why-jamie-dimon-called-bitcoin-a-fraud-not-what-you-already-heard
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Thanks Jeff @dollarvigilante - great video (as always), not heard of Terry Brock but liked his style, actually quite entertaining too. Keep up the great work.
Also glad to learn that John McAfee's manhood is still safe!
Jeff , thank you for all that you do and we upvted and re steem so more can see it
post of the day.good job bro.
Really enjoyed listening to Jeff rip on statists in the US. So true man. So true.
Jeff, Sterlin,Terry,
Thanks for the invitation to respond.
Jeff's words-- Taxation is just theft, most people bow down to lick their boots, tax slaves, we somehow have to stop the U.S. government before it destroys the world, etc. I agree and have publicly refused to file an income tax return for well over a decade. I actually told the IRS to "shove it," more than once, front page in our small mountain town.
So, the obvious question arises--- how have I managed to stay out of jail? If judged before a jury of peers my entire body of evidence will be a single, short, legal argument consisting of 13 concise elements, locked in our blockchain. I will not testify. I need not testify. https://steemit.com/anarchy/@twelfthman/citizen-defies-irs-for-a-decade
I have also proposed a simple, safe way for aware citizens to revolt and end income tax. All it would take to end income tax tyranny is for two short paragraphs to go viral! https://steemit.com/anarchy/@twelfthman/the-end-of-income-tax
Meanwhile, you may have guessed that my reference to a small mountain town is actually Aspen CO, home of the upcoming Nexus Conference. What a deal! My heroes are coming to town! Ron Paul, Jesse, E. Edward, Judge Napolitano, etc. and, of course, my crypto mentor Jeff. Problem being that in an attempt to shut me up, years ago, my government assessed me for over 11 million dollars for a single year (I have always been a man of modest means) and gained control over all my material wealth. Not to worry, I ignored them and probably owe twice that nowadays. And they have, so far, ignored me because they do not want those two paragraphs to go viral.
Bottom line, since I cannot afford to attend, I am wondering if my efforts have possibly earned me a seat, way in the back, where I could appreciate truth rising. If not, perhaps I can buy you guys a round, it would be an honor. Namaste, https://steemit.com/@twelfthman
Where do we go from here?
We keep hanging to the crypto waves going higher and higher!!!!
I am hoping for another dip. I slept through the last one. I've been in Houston Tx. for the last 2 and a half weeks helping with the Harvy clean up. So I was phisically waisted because I didn't take one day off the whole time & 14 hour days of HARD LABOR will ware you down. Come on $3,000.00 BTC.
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