Bitcoin: Not Anywhere near the Bottom

I do not think if you are buying bitcoins today that you are getting in anywhere near the bottom. You may be getting in near the top but maybe there is another rally coming. It looks very suspicious that the high is in and that pretty soon the greed is going to be replaced by fear.



Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.