Bitcoin Crash: Not If but When?

It's beginning to look like bitcoin will inevitably crash. Saxo Bank writes a likely scenario in its regular Outrageous predictions and a famous Wall Street bear is talking about a bitcoin doomsday. Granted, Saxo's predictions are deliberately called outrageous and Stockman is clearly verrrry bearish on everything but I think with the price jump we've seen, a crash is not out of the question.

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Warren Buffett said he would never invest in bitcoin because it will come to a bad end. I, as a not-knowing anything about investing person, believe him.

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Buffett doesn't understand the price of the security of his freedom which is untouchable. And the rest of us little people are struggling with inflation. Bitcoin gives us what Buffet already has. 

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With so many cryptocurrencies  why this one is so highly overpriced? 

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South Korea plans to ban cryptocurrency trading. Wow, they plan to shut down virtual currency exchanges which is one of the world's biggest markets for the likes of bitcoin.  

http://www.news.com.au/finance/money/investing/bitcoin-plummets-as-south-korea-announces-plans-to-ban-all-cryptocurrency-trading/news-story/27c5845fa9315d6b07d51adca46fa29d

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You almost misled us. South Korea is not banning cryptocurrency trading, at least not yet. It's more like a warning for those who are not paying their fare share of tax. 

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No wonder so many people use cryptocurrency. The banks can't control it, the government can't tax it. Do we need more than that? 

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Ether is closing on in Bitcoin ... biggest rival now. Still way behind of course at $1327 today, but could break $1500 soon and seems to be on the upswing ...

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