We already saw Jeff Berwick make history by being the first person ever to generate two consecutive 30%+ selloffs in an asset trading for over $1000 within an 8 week period. He did that by sipping champagne and passing out cigars just as bitcoin was about to crash and burn...twice! At the same time he "out-Cramer'd" Jim Cramer. As even Jim was never able to accomplish that feat. Here's my blog outlining that great moment in history.
Now Dollar Vigilante is going to attempt to generate yet another 30% loss for his followers. This time with an "actual" buy call. The first "buy the pullback!" call I've seen him make actually. Here's the record of his spew and where bitcoin was trading ($2020) when he made that call.
It has turned out very well so far. But still, no advice to at least take some off the table. That's something that even Jim Cramer would do. Quite the contrary actually. He is now pumping alternate crypto EOS here at the $1.85 level. Here's that spew by Jeff.
At the same time he is calling out Peter Schiff, the guy who said >>> "Even at $1980 it is still not too late to buy gold! Even if this is your initial buy!" Schiff said that in Nov 2011.
That sounds eerily similar to what Dollar Vigilante is doing with the cryptos right now. Here's the spew he made calling Peter Schiff a shill.
The one thing both Schiff and Jeff Berwick have in common is a strong disdain for the U.S. dollar. I definitely plan on taking the other side of that trade soon. Is Jeff Berwick the Peter Schiff of the crypto apocalypse? I think that is eggzactly what the future is going to dictate. I'll use this blog as a record for his rhetoric going forward.