fonzie
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April 07, 2014, 01:18:57 AM

CNBC Video

"It hasn´t completly collapsed yet"

Ross sees Bitcoin trading in a descending triangle with a base at the $500 level. Given that its peak was around $1,100, the triangle would project a downside of equal magnitude in the opposite direction. In this case, that would be negative $100.

"Now, that doesn't really make sense," says Ross. "But, given the recent history – given the MtGox scandal – I could see this thing at negative. It could actually cost you money to own this thing at the end of the day. It could just disappear that quickly."

http://finance.yahoo.com/blogs/talking-numbers/this-could-be-the-end-of-the-bitcoin-era-220746326.html