⸺ Obituary · August 23, 2019 ⸺
“Bitcoin: The End Of An Era”
— TradingView, MrRenev
“Not many are able to think long term and realize this, but the cryptocurrency markets have already topped. With summer ending soon, the next 50% price cut might be only a few weeks away. Good news! I was (finally) able to verify and unfreeze an account with a crypto exchange and cashed out most of my money out of this MLM scheme.”
Price at death
$10,407
Today
$73,594
Resurrection
×7.1
On 2019-08-23, MrRenev (Trader) declared Bitcoin dead via TradingView. Bitcoin was trading at ~$10,407 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on August 23, 2019, when one Bitcoin traded for approximately $10,407. Since then, Bitcoin has appreciated by 7.1× relative to the price on the day TradingView pronounced it finished.