Crypto-slaughter, GBTC, GTT

Crypto-clowns are getting bitconned again, as they deserve for ignoring all common-sense, fundamentals, market history and human nature.

Posted mid-December 2017:  "The end of 2017 [may] ironically mark the end of an epic bull run fuelled on nothing more than debt and misplaced hope.  And who knows what'll happen during or after the inevitable crypto-crash.  How many will have been bitconned [sic] out of their life's savings?"


2018 Year-to-Date Crypto Return:

Qtum: -96%
ICON: -95%
Cardano: -94%
Lisk: -93%
IOTA: -92%
NEM: -92%
Bitcoin Gold: -91%
Dash: -90%
OmiseGO: -90%
Bitcoin Cash: -89%
NEO: -88%
Litecoin: -86%
zCash: -84%
Ethereum: -83%
Ethereum Classic: -81%
Monero: -81%
XRP: -79%
TRON: -76%
Bitcoin: -67%

June 23 2018: How Low? Bitcoin, Gold and Equities Bubbles in Sync

We did recently take a long shot via GBTC as the chart seemed compelling, which resulted in a quick loss as thankfully we had a stop-loss order in place.

Countless others were not so disciplined, and possibly crypto-skepticism is finally increasing amongst the less sheep-like within the crypto-flock.

Looking at the chart and numbers above might make one wonder if there's any good news?

Yes!  

There'll soon enough be weeks, if not single days, like this in equities too, with similar year-to-date returns for many.

History repeats, and human nature never changes.

GTT was also stopped out recently, after being up as much as 128% within two weeks of our entry.  Or was it?

Our entry was below $1.00 and our revised suggested stop was at $1.45 however for some GTT may have opened below their stop limit after poor assay results last week resulted in it gapping down to $1.06 after a previous close of $1.61

If still holding it, we suggest a revised stop level at $0.96 which is just under the low of last week.



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