New Trading Tip Column `Writing On The Wall´ says “Sell Bitcoin Gold”

in #bitcoin6 years ago

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The retail market forces in cryptocurrencies are governed by a mishmash of various ideas and concepts. The longer trends in which these are prevalent are sometimes referred to as fundamentals, which for bitcoin are things such as financial sovereignty, inflation immunity, and un-correlatability. The shorter trends are governed by what can be thought of as a multitude of competing memes, where the most prevailing meme for a given week will be the dominating factor in dictating that week’s price movements.

Understanding Market Dynamics
For the intra-week bitcoin trader, correctly identifying the current landscape of these memes is crucial. Whether the trader agrees with the reasoning behind a certain meme is of no importance; the trader needs only to measure its potency through the eyes of the market. Here’s a list of what I consider to have been the most prevailing memes during this past month:

Get in before the SegWit2x fork to get free shitcoins! (Oct 28 to Nov 8, $5,700 → 7,500)
No free SegWit2x coin? Back in to alts! (Nov 8 to Nov 9, $7,500 → $7,000)
The Cashening?! (Nov 9 to Nov 12, $7,000 → $5,400)
No Cashening? (Nov 12 to Nov 14, $5,400 → $6,500)
Get in before Wall Street! (Nov 14 to Nov 22, $6,500 → $8,200)
For more details, please visit:
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