Thursday, December 5, 2013

Coincidence Watch: Ron Paul Triggers Bitcoin Collapse?

Yesterday, December 4, 2013, Ron Paul went on national television and said Bitcoin could "destroy the dollar".  Ron Paul isn't against Bitcoin, he was just shedding light on the advantages it has over the dollar, and how it could replace it as the functional currency in the marketplace.

Today, December 5, 2013, Bitcoin endured its greatest collapse in the market to date, dropping from $1,240 to $870, just this morning.  What a difference a day makes! especially after the potential of Bitcoin was talked up in the mainstream press just twenty-four hours earlier.

Coincidence?  Please see an earlier blog post, where I asked if news stories on the date of December 4, 2013, would be as successfully predictive as they were on December 4, 2012.


  1. I think he is too optimistic. Bitcoin is a strong currency, no doubt and there are many ways to make a fortune on it especially using the best cryptocurrency trading platform but there are also some disadvantages.

  2. Indeed, cryptocurrencies are extremely popular nowadays! And I am sure that it's real to make money with cryptocurrencies. As you may know, Bitcoin includes a decentralized block-chain ledger, on which millions of its users organize and save a record of their transactions. I'm interested in it too. But I also recommend you to pay attention to app development. Nowadays there is a lot of sense to develop an app, as a lot of people use mobile apps as part of their routine activities. You just need to find a professional mobile app development company, which will implement your idea.

  3. Just one person cannot cause any collapse. There should be a huge number of factors happening simultaneously to cause this kind of chaos. But if by any means you feel uncomfortable, you can register at this website and diversify risks by playing jackpot crypto games on one hand, and taking part in daily lottery on another.


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