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Katchum
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Albert Sung is the author of Correlation Economics, monitoring breaking economic news on a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at Ashland, a... More
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Correlation Economics
  • Bitcoin Crashes Below Support Level 0 comments
    Apr 10, 2014 4:06 PM

    Bitcoin crashing through $400/Bitcoin. This level was exactly the point where the hype started, which means we have come under support levels. And yes, Bitcoin will crash to zero now.

    Especially when the government says Bitcoin is an asset and you will be taxed on it, maybe even retroactively.

    And China banned Bitcoin completely. Bye Bye cryptocurrency...

    (click to enlarge)

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