Bitcoin v GoldI've been fascinated that the price of Bitcoin was recently hovering at about 3 times the price of Gold (before the recent set back).
And now that Bitcoin seems at risk of dying, I'm wondering about its value in relation to its characteristics.
So I decided to compare Bitcoin against Gold. I generated the above based only on my knowledge.
I can't say that everything on this is 100% correct, or that my choice of words is lends to perfect accuracy.
Most of the parameters and qualities of each are broadly correct, and for sure there will be pockets of exceptions.
I'd be delighted to hear what others think about all this. Add any parameters I may have missed, in comments section.
For the avoidance of doubt, I have not drawn any conclusions on which one is better. No conclusions are implied. This is not an encouragement to buy or sell cryptocurrencies of any kind.
Bitcoin-gold
Stocks Have Their Worst Week Since 2008: A Macro OutlookWelcome, guys! Thanks for checking out my content. I hope this content gives you a good outlook as an investor, so you can attack these markets and be successful with your finances.
The first point in this video that I touch on is the American stock indexes; the S&P 500, Dow Jones, and the Nasdaq 100. It's important to note that these indexes have had their worst week since the downturn in 2008. This doesn't mean that the market is crashing tomorrow, but the volatility taking place shows that we are on shaky grounds. If you are an index investor, this may be an opportunity for you to hedge your bets and take a short position once markets roll over, so you don't have to experience a 30-50% decline in your portfolio. If you are a value investor who is out in the market selecting companies, the market conditions are irrelevant as you are focused on buying specific companies. Let's say you have high hopes for the Cannabis industry. You could be out buying companies who's price movements are nothing like the S&P 500. It's important to recognize everyone's situation is different.
The next asset class I talk about is precious metals, specifically gold and silver. Gold and silver are awesome long term tools to preserve wealth. With that being said, they are not a get rich quick buy. Expect gold and silver to move lower or sideways for as long as 20 years. These are definitely not assets to park all of your money in, unless you are fleeing the county (lol).
Then I quickly touch on Bitcoin. I think Bitcoin is in a consolidation phase right now. Meaning, it will likely move sideways and lower for the next year or so, maybe a little less. If you care at all about cryptos and believe in the technology, now would be the time to get in and start accumulating. I'm not saying they are going to go up a crazy amount in a short amount of time, but if you are looking for value in the market, there is value in the crypto market.
I hope this short 10 minute video was a good quick overview for you. If you have any constructive criticisms, please send a comment my way.
I wish you all wisdom out there when dealing with your investments and finances. We collectively need to take responsibility over our finances and take this wealth gap head on.
Thanks for reading, and thanks for watching.
Gold/USD VS BTCUSDBitcoin (daily chart) runs a similar structure to Gold (weekly chart).
They are lying inside their strong demand zones respectively. We expect the zig-zag continuation inside the triangles will last a bit longer.
Breakout possibility for BTCUSD = 7800 (refer to previous ichimoku analysis)
Breakout possibility for XAUUSD = 1350
Weekly Momentum On Major Pairs (3 May 2018)XXX/USD: Slight Bullish (They are making minor swing backs)
Gold & Silver: Slight Bearish (Precious metals are not so bearish anymore)
XXX/JPY: Neutral/Slight Bullish
USD/XXX: Slight Bearish
Indexes: Mixed (US index and HK index are not in the same direction)
BitCoin: Slight Bullish (It is making a minor swing back)
DYODD and Trade Safe
s0nic
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Bitcoin vs. Gold. "Ultimate Bubble" face off! + Soros Indicator!Who wins? Bitcoin is definitely the prettier of the two xD
Some info:
George Soros famously called gold the ultimate bubble in 2010 due to declining interest rates which he felt would lead to the formation of asset bubbles ( link ), however didn't stop him from buying, first in 2010 ( link ) before the bubble burst and then later in 2016 ( link ).
He sold off his gold after it peaked in 2012 ( link ) and then reacquired after it found a bottom in 2016.
Soros also bet ON Bitcoin in 2017 by acquiring shares in Overstock in Q4 which he subsequently sold in Q1 2018, after the market peaked.
Look at the charts. What do you think?
Are gold and Bitcoin similar bubbles? Is the Soros Indicator reliable?
Market Review 28/03 : BTCUSD, SPX, GOLD, NATGASHope this idea will inspire some of you !
If you want to see my chart more closely, click the share button below that video.. You will be able to have access to the chart used in that video.
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
DGD/BTC CnHLooks like a no brainer to me.
It's current value is higher than when BTC was at an ATH so it may be inversely proportional to BTC's preformance
Large Cup and handle forming and it's already in an uptrend.
Set your stop-loss and some high sell points incase of spikes similar to previous ones
Copper $CUUUSD Inverted Head and Shoulders - LONG Inverted head and shoulders action for copper to signal the end of a minor pullback and continuation of uptrend.
Positive angles and tilts in price action suggest uptrend is intact.
$Copper $CUUUSD
Bitcoin is Gold (supply vs demand drives market value) For all the "bubble pop peeps" this is some TA for you to consider (at minimal)
I know you are all a bit stung in the ass by the 2013 bitcoin mtgox market cycle and fractal but you also have to remmeber that bitcoin has had many pumps and dumps and not all of them fully retraced infect many of them saw continuation in or around the .618 fib retracement not to mention the fact that GOLD is a very similar fractal to bitcoin and as many pro traders are aware GOLD is doing a rounded bottom and is likely to see continuation to new all time highs so you have to ask yourself is this really a bubble pop scenario ? I have to say no the technical don't lie and I see bullish consolidation.
Bitcoin is likely to tap 10,000$ form short term resistance and test the upper 7000$'s (7200$ - 76000$) this is another prime entry I have been accumulating this panic many of my buy orders triggered at 8000$ and 10000$
My target for 2018 is still 100,000$ per coin
This correction is scary for people new to crypto but this is normal market movement for people like me that have been around for a while
Stay profitable out there!
The sleeping dragon BTG will awake soonLike his bigger brother BCH it will rise huge. After two corrections and now in a stable sideway run there is a surge in near future quite possible. I guess the implementation of BTG in Coinbase will support it and give it suddenly a 4-5 time bigger marketcap than now. Maybe it takes 1-2 months and sideway-run continues. But its obvious the little Brother of the mothercoin is undervalued. Even tho it was claimed as scam and usless, it will surge and haters gonna hate.
BTG gold mineA traingle pattern forming. Looking for BTG to break out of the pattern and continue and hold above the green 50 day line.