#cloudtoken #cloudtwozero Bitcoin (BTC) has crashed
No one really knows why but in my model we should be in for "good" news on the China trade war or some such China-related information that is strong for the Chinese currency.
This is only a theory but if it is correct, bitcoin will either rally vertically if no news breaks or the news will appear very soon. This is being written at 12 p.m. GMT September 25 and the news ought to be out there by no later than the end of the week. If I’m wrong and there is no such news and the price stays down or falls more still with no positive trade war news then my bitcoin theory, which has served so well, will be severely challenged.
In any event, bitcoin has crashed. The dreaded flag has broken to the downside and the bottom is anyone’s guess.
The decision what to do next comes back to the schism between believing BTC will be worth $100,000-plus a coin or $0 a coin. You have to pick your side.
Bitcoin is like backing Apple when it was on the edge of going bust: do you believe in the future or not? If you do, you hold forever and buy the dips. The only thing you mustn’t do with the position is let that put your finances at risk or hurt your sanity.