Prediction #4 — Bitcoin stays crazy until traders learn it is not a currency

2017 was a wild ride for cryptocurrencies and for Bitcoin in particular, rising in price at one point above $ 19,000 only to drop back to a bit over half of that number now. But which number is correct? If only the market can tell for sure — and these numbers are coming straight from the market, remember — what the heck does it all mean? It means Bitcoin isn’t a currency at all but traders are pretending that it is. 2018 will see investors finally figure this out. Confusion abounds, so let’s cut through the crap with an analogy. Cryptocurrencies… [Continue Reading]