A Bit Of Crypto Chaos

By Tim Knight of Slope of Hope

Managing Partner at Tim Knight Organization • Jan 11, 2018 at 10:59 AM EST

Bitcoin has cracked below its first important support level at $14K. Ripple, which got a lot of press about ten days ago since its founder was (briefly) richer than Mark Zuckerberg, has lost half of its value.

Only the Lord knows where these will be when I post this hours from now (I’m trying to store up a few posts while I’m still conscious), but what the heck – as of this moment, Bitcoin has cracked below its first important support level at $14k… (UPDATE: I’m in Bratislava, Slovakia now, and I see it’s still below $14k, so there ya go).

(Click on image to enlarge)

btc

Ripple, which got a lot of press about ten days ago since its founder was (briefly) richer than Mark Zuckerberg, has lost HALF of its value in a very short amount of time.

(Click on image to enlarge)

xrp

Not all is gloom, though. CounterParty (XCP) is extraordinarily strong lately.

(Click on image to enlarge)

slopechart_$XCP

And a bonus – – your intrepid host shortly after his arrival in Munich, cavorting with friends.

munich

Disclaimer:

This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.

STOCKS IN THIS ARTICLE

BTC.X XRP-X XCP-X

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