Hold on to your wallet: Doug Henwood on the Bitcoin scam ...

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by Doug Henwood Bitcoin, once a fairly arcane topic, is now everywhere. The market pundit Robert Prechter, who is a great psychologist of financial markets despite being a devoted follower of Ayn Rand and believing in a piece of superstition called Elliott Wave theory, once argued that in the course of a major bull market there’s something called a “point of recognition,” when the ... ^ Doug Henwood (19 May 2014). "Bitcoin the Future of Money?". The Nation.com. Retrieved 12 September 2014. ^ Matthew Graham Wilson & Aaron Yelowitz (November 2014). "Characteristics of Bitcoin Users: An Analysis of Google Search Data". Social Science Research Network. Working Papers Series. SSRN 2518603. ^ Brett Scott (1 June 2014). by Doug Henwood Bitcoin, once a fairly arcane topic, is now everywhere. The market pundit Robert Prechter, who is a great psychologist of financial markets despite being a devoted follower of Ayn Rand and believing in a piece of superstition called Elliott Wave theory, once argued that in the course of a major bull market there’s something called a “point of recognition,” when the ... Doug Henwood's cover story for The Nation this week concerns the cyber-currency known as bitcoin. Bitcoin gets taken seriously by many people who should know better. Take, for instance, this inane ... Bitcoin has serious problems in all three respects. From the beginning of 2013 through early February 2014, the price of a bitcoin has varied from $13.40 to $1,203.42—a ratio of 90 to 1. Its average one-day change (ignoring whether it was up or down) was 4.3 percent.

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BITCOIN MOVE INCOMING! $425,000 Per BTC By 2024?! Altcoins

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