It happens with every asset bubble. The sheeple and lemmings always get excited about their opportunity to get rich beyond their wildest dreams very quickly and look to the one guy who seems like he knows everything there is to know. During the gold bubble that peaked in late 2011 that guy was Peter Schiff. During the bitcoin run to bubble status that guy is without a doubt Jeff Berwick. Jeff said in a recent Utube blog that he would never sell bitcoin, only buy the pullbacks. Let's keep in mind that Jeff says he bought 4 or 5 years ago when bitcoin was selling for $3/coin. That means he has zero skin in the game of the fortunes of new buyers who were looking to him for guidance as first time buyers.

So what exactly was Jeff saying during the run to $2770 on Th, May 25th, the fateful day bitcoin traded to the initial high at $2770?

https://www.youtube.com/watch?v=L_vdJbC6-Eo

That's right. As always he was proclaiming how great he was. Look at the timestamp on that particular post, May 25th, the exact day bitcoin traded to $2770 and then proceeded to dumpf $500/coin in about 3 hours of trading. Sure, Jeff noticed. Is that not why he said >>> "Looks like the price of bitcoin has gone too far too fast." Brilliant, Jeff!

The low for that particular Dollar Vigilante induced ass whoopin turned out to be $1880, a 30%+ drop from that particular high. Yo! Jeff! you want to copy and paste your "buy the pullback!" call that would have led to a sweet 40% gain that would have given you every right to come on and post this at the $3000 high you were so proud of?

https://www.youtube.com/watch?v=ZmhIyAg-5BE

Take your time, buddy.

All along this journey he has called anyone who voiced an opposing point of view morons, losers...he even wished Fed chairman Janet Yellen gets cancer in this Utube spew.

https://www.youtube.com/watch?v=D5c-Cdlyl6c

Jeff is so smart he's there to warn people off of those who generate huge losses to anyone who follows their advice, like this spew of his about Jim Cramer.

https://www.youtube.com/watch?v=BkcgIKtQi_A

I got news for you Jeff, you just accomplished something that even Jim Cramer has never accomplished. You are the first person in the history of the world who has ever generated 2 consecutive 30%+ losses in an asset trading over $1000 in a matter of weeks with your "champagne and cigar" celebration spews. Any first time bitcoin buyer has now been decimated if they got caught up in your "enthusiasm." Yes, folks, it is now official. Based on the 3 month high as quoted by the live bitcoin ticker, Jeff just accomplished his second straight 30% loss in a matter of weeks. Never been done in history folks. So all of you Dollar Vigilante faithful, please feel free to resteem this "celebration" blog as often as you'd like.
 
http://bitcointicker.co


So what next for Jeff? Well, it looks like he wants to be the Peter Schiff of the bitcoin apocalypse. Just watch this spew he put up last night.

https://www.youtube.com/watch?v=rXKIUNAbL-Q

I have great confidence in you, Jeff. I know you will accomplish your goal. For anyone who doesn't understand how markets actually work, be very careful the next time you see an asset run up to the point where half of the posts you see at the social media site you frequent are about it. You can always expect a charlatan like Jeff Berwick to be there leading the cheers.