Xaubtc
PAXGXBT - Gold and cryptoIf there is any uncertainty in risk-on crypto, this might be a good hedge to scale into for both short term and long term. Momentum looks good. Technical look good. Fundamentals are solid. RSI is could go either way. MACD a little light red, but improving. Possibility of small drop to retest. And/or If XBT , BTC pops, then that's great. This would still be a good hedge in case of an unexpected Btc reversal.
GOLD & BTC Could they meet at 1800?This idea many BTC fans will hate. If you don't think this can happen you are not thinking outside the box enough. We are heading into the year of the Digital Asset Market. I find it funny that people are saying BTC to 100k ! BTC to a million! in less than a decade..sorry but I don't see it! it took a half a century just for rare relic coins to hit numbers that high. I can see BTC hitting those numbers but not anytime soon. Maybe so for my kids or by 2050. Afterall we will be towards the last 2% of mining bitcoin from 2040 to 2050 ya? Correct me if im wrong but someone told me this. That the last few percent of BTC will take almost 10 years to fully mine out the algorithms. This could give us one hell of a parabolic move upward on BTC in a couple decades from now.
2010 - 2020 : A new market begins to sprout
2017: People become aware
I see 2020 - 2030 : the new market is born and begins to crawl
2030 - 2040: 2nd Deca wave now we are walking
2040 - 2050 : 3rd deca wave now we are running
Be prepared for the worst but take opportunity where you see it and when you can afford it...it is no longer just about bitcoin..it is about mergers and acquisitions and new roads for the new technologies we are using today.
GOLD is grinding up slow. Has been since 1200. It is possible we can see these two markets merge on a defined price zone giving people a choice...OLD GOLD or NEW GOLD ...OR....BOTH?!?! But it seems to me 1800 - 2000 would be that marker zone where we see gold and btc begin to flow similar in price and direction through new asset vehicles that are being added into the markets today. Remember correlation does not mean causation but these two can dance together if the world is viewing bitcoin like digital gold. As old and new paradigms join together and merge. I expect blood to be shed across markets during these changes.
Accept ideas from everyone's perspectives. Communicate with professionalism and help each other understand that the "crypto market" has become the digital asset market now and those who pull the strings are also lacing them.
I will buy GOLD after it corrects and BTC if we hit 1800 again. That area looks like the perfect opportunity for me if we see a cross-road.
IF THE RED RIBBON IS CUT DOWN WE GO. IF IT SUPPORTS UP WE GO.
As always trade safe. manage risk. peace love trade.
GOLD AND BITCOIN ARE HIGHLY CORRELATED OVER %85The correlation of GOLD & BITCOIN are amazingly high. you can verify this using the "correlation coefficient" on the daily and 4hr. not that you need an indicator to see that they are following each other.. How long will this go on for? Also who is leading? Time will tell.. Keep an eye on this guys . If one moves a large amount before the other it might be a good confluence tool to add to your arsenal.
(Bitcoin)
Bitcoin vs. Gold - which will perform better?Many 'analysts' say, Gold has just printed a second weekly shooting star candle in a row, you've got to short it!
But how does it really look like in the long run compared to Bitcoin?
The chart above shows you how many Bitcoins could be bought for one ounce of Gold over time. What do you see?
To me it looks like we might be just past the bottom of a channel going up, don't you agree?
If this assumption were correct, that would mean selling crypto, buying Gold, but this is just such a crazy idea and I can always be mistaken like any of us. So think about it for yourself and do what is best for you according to your own judgement. Take care & have a great day.
GOLD Compared to BitcoinJust like NASDAQ...
bitcoin...
gold...
see? We're still on the early phase of Bitcoin. BUT!! Bitcoin could outgrow these two.
As we can see, Bitcoin's performance is more than 10x faster than any stocks out there!
Stocks took years of building momentum and consolidating.
While BTC...
Internet and Blockchain is already there! We just need more usage and real support from people not just pumping and dumping kind of $H!T#@@#!.
A bubble? A fad?
LOL!
Bitcoin is Bitcoin. This is new money!
Welcome to the Digital Age!