What is Bitcoin Discounting?

What is Bitcoin Discounting?

On 2/24/17 I presented the site’s first post on Bitcoin (Bloomberg: XBT).  In it, I compared silver’s set-up over the 1971-1980 period to XBT’s since 2010.  In concluding I suggested the chart-based similarities of the two assets made XBT well-positioned to enjoy…...

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Putting Bitcoin's Recent Decline in Perspective

Putting Bitcoin’s Recent Decline in Perspective

To the casual observer, Bitcoin (XBT) has been in crash mode over the past week or so, declining to ~$1,750 at its lows this morning from ~$2,500 at the start of the week, a 30% decline in a few days…....

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The Race to Seven Digits?

The Race to Seven Digits?

Let’s revisit our 2/24/17 post on XBT and its resemblance to PMs, specifically silver, in the 1960s-1980s. In that post we basically suggested that XBT since 2010 has been highly similar to silver from the 1960-1980 era on a chart/pattern…...

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Bitcoin (Echoes of Precious Metals in 1978?)

Bitcoin (Echoes of Precious Metals in 1978?)

As noted earlier when it was printing 1125, Bitcoin (XBT), now at 1175, has been in the process this week of breaking its former all-time weekly closing high of 1137 in Nov-13.   The move completes a consolidation process off that…...

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