Posts Tagged ‘cryptocurrency’

Bitcoin as a speculative bet

Sunday, April 14th, 2013

Charting bitcoin, it looks good, if you are inclined to gamble on charts.  The recent collapse from two hundred dollars tested support at the hundred dollar mark, found plenty of support around there.  By and large, it is a good idea to buy at major support levels, since a speculative property is a lot more likely to go up than to break through the support level.   If it did not penetrate the support level for very long during the panic, likely will not do so now.

But I am an intrinsic value investor.  What is the intrinsic value of Bitcoin? (more…)