RE: Gold, Silver and Cryptocurrency
I posted earlier about the status of the crypto market, how this current downward trend is in no way the bubble popping.
"I read an investment book the other day that discussed the telltale signs of bubbles before they are about to burst. It compared the recent crashes in both the housing market and the dot-com bubble. The main take-away was that right before both of these bubbles burst, EVERYONE was aware of the money that could be made, and ‘dumb’ or ‘unaware’ was pouring in left, right, and centre. For example, in the housing market in the UK, right before the crash, several footballers (sigh soccer players) were seen on TV bragging about their property empires. The mainstream was well aware of the profit-potential in these markets, and that hype added to the crash. "
Thank you for the comment and I just read the article you posted. It is interesting.
I have been in stock market since 2000 and I do have cryptos since March, just before started to spike. It has been great, more than expected. The market is currently in the correction which I believe it is healthy for the long term future growth. There is not much chart history to analyze for long term since the market is still young, however one of the most important sign, huge volume spike has surged in March for almost all the cryptocurrecies. It is currently a short term bear market, may bring to long term but it is hard to say at this point. Looking at charts with weekly candle stick with MACD/RSI technical charts are one of the easy way to see for long term trend but the problem is not enough history yet. Having said this, keeping eye on news and ongoing project make me hold at this point. Let's see how it goes, I will be posting about the crypto market as well!