RE: (VIDEO) More Cash Is Exiting The Bond Market, And Stocks Plunge. By Gregory Mannarino
I don't think there is much new $$$ coming into bitcoin and I make that assumption from watching the trading volumes in the live bitcoin ticker.
To me there should be "no problem" in getting the bitcoin price to at least the pre memorial day weekend high of $2700+...yet bitcoin is now "struggling" with the $2600 area. Current holders are still being "played" from within. It would be a good time to remove sell stops. There's no reason why the same thing that happened to ETH can't happen to bitcoin too. Next move is likely dooown with a few bouts of "panic" along the way. Anyone who currently owns "knows" there's no way you are getting out during panic selling...no way...no how. Unless you pay the extra $200/coin in fees to the data miners to get your transaction completed.
Wouldn't you say there are more and more people jumping into crypto now than before?
That's the only reason I would say that a lot of money is coming in.
For example ... Me! Lol
I've been looking at all the new alt coins and listening to reports such as yours.
My only point is when I ask or tell people about crypto currency, I get that deer in the headlight look.
So many people still don't even know what it is.
With that said, it's why I see or at least believe, millions if not billions are being put into it. And will continue. I think it's still a great time to get in. Thanks for the reply.
You will get the deer in teh headlight look even more from people like myself who actually understand eggzactly what is moving price. OK, so you want bitcoin, that means you need to jump through hoops just to do a bank transfer of dollars into bitcoin. Then there's an approximately 100% chance you won't be able to sell at any high. A definite 100% chance you won't get out during panic. And while you are waiting tehre is a "chance" your stop set at say $1995 gets taken out at say $1200. that would be if the same thing happened to bitcoin that happened to etehreum of course. Look at me...I am staring right at you in wonderment....WHY?!!! ...in the world do you even want to own bitcoin atall? :-)
In all honesty, I am a firm And solid believer in the Physical Silver at the prices right now.
I do believe crypto is here to stay, and there is real money being made and lost in it, a lot.
Now I did buy some litecoin and Etherium, not so much Bitcoin, but with The attack on Silver and Gold, it's hard to pass up the oppurtunity to buy in at almost production cost.
Basically, I would rather buy 5 Silver Eagles for about 100.00 or less than crypto, it's why I have so little crypto.
But again, I still say it's wise to invest something into them, if your talking as a day trader, you got me there.
That's something you have to keep updated on and be watching the market, all day.
I just can't do that right now, Greg Mannarino here is fantastic in his reports, I love the guy, but I listen for his report about silver, gold, the economy, and such.
But your point of view is a welcome analysis and appreciated.
My trades have generated gains. My ONLY regret is that I closed out my SLV short with a 240% gain in 3 days. If I had held just a single put option for today's expiry (7/7/17) at the $16 strike those are now trading at 1.05 market. I entered the trade when they wuz at .22 centavos. I would have doubled my 240% basically. :-) SLV "likely" won't be a new buy today. I continue to track it and give 'timely" commentary at my steemit blog....including today's updates.