Friday, October 20, 2017

BITCOIN Finds Relative Value as an ALTERNATIVE Investment

#BITCOIN have finally been making headlines as the Relative Value of the Digital currency has reached record levels above 6000 with a registered high at 6098.91 to date. It had gone though a series of market set backs from Mt. Gox and Chinese clamp down on exchange closures to Jaime Dimon fraud remarks of the digital currency. At the rate that prices are surging, and for as long as no market distraction would appear unexpectedly, USD6250 - 6780 would be an ideal objective compared to its current rate and momentum. 


Bitcoin price extensions are well calculated to be nearest to the USD8000 levels, but with greater probability of increase volatility and could attract profit taking that would result to a heavy pullback once a sudden melt-up occurs. A cautious play on risk / reward has to be seriously considered at this point. 


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10 comments:

  1. UnknownOctober 21, 2017 at 6:32 AM

    Only for sophisticated & qualified investors & professional money managers with extensive trading experience in volatile markets. As it carries a much higher degree of risk similar to the FX Currency market.

    ReplyDelete
  2. UnknownOctober 21, 2017 at 6:35 AM

    FYI - With less than a year; see what can make such a huge 'Price for Value & Liquidity' difference between #trading & #investing for the Right reasons. As #Bitcoin is indeed An Alternative Trade Strategy come of age.

    Reference information dated December 2016
    (Copy & Paste on Browser)
    https://megatrade101.blogspot.com/2016/12/btcusd-alternative-trade-strategy.html

    ReplyDelete
  3. UnknownOctober 25, 2017 at 8:25 AM

    BTCUSD record high over the week was registered at 6180.00 and currently in a corrective mode at USD5455.00 to this writing.

    ReplyDelete
  4. UnknownOctober 27, 2017 at 8:19 AM

    THERE WILL ALWAYS BE TWO SIDES OF A COIN! In this case the other side of Bitcoin is BLOCKCHAIN TECHNOLOGY

    #Investing #trading #strategies - For the Right Reasons
    https://finance.yahoo.com/news/tom-lee-bitcoin-important-asset-investors-142810543.html

    ReplyDelete
  5. UnknownOctober 31, 2017 at 3:18 AM

    #BTCUSD price have marked a 6316.85 high on the 29th of October and so far is maintaining its stance reflecting a new search for a newer high. This is on top of a declining volume that has kept prices relatively high on good demand and positive market sentiments against contradicting statements made on wall street.

    Price Update: As of Oct 31, 2017
    https://s.tradingview.com/x/YAI1vF1O/

    ReplyDelete
  6. UnknownNovember 7, 2017 at 2:22 AM

    Nearing our 1st year trading anniversary with our GBTC Investment Trust marked in the market @110.70 dated December 16, 2016 up to this coming Decemer 16, 2017 has done remarkably well as it the value added trade has delivered exceptionally well to this time. In spite of the wild price swings that spot Bitcoin had gone through within the year.

    Copy & paste link on browser.

    https://www.tradingview.com/chart/GBTC/iWUKx2rk-BITCOIN-Trading-Invesment-Comparing-Apples-Oranges/

    Important Related Information:

    GBTC Investment Trust Fund OTC
    https://grayscale.co/bitcoin-investment-trust/

    ReplyDelete
  7. UnknownNovember 13, 2017 at 6:05 AM

    This Oct 20th Market and Price Call on Bitcoin is now VALIDATED. As the 7888 high marked last Nov 8, 2017 was the nearest to our price call of 8000 as a target objective.

    Its still off the mark but its close enough following the trade plan as best described on the information shared before it occurred. And the sudden decline back to the 5555.00 was made prior to today's pullback to the 6650.00 level.

    ReplyDelete
  8. UnknownNovember 15, 2017 at 7:30 AM

    Side note information: BITCOIN market cap of over USD100B has now surpassed FX Retail based on the information resource from the Bank For International Settlements. Where $78B is set by Retail FX while the rest are with Foreign Currency swaps. Retail forex is only 3.5% of the USD5.3Trillion volume traded in the real Interbank market.

    ReplyDelete
  9. UnknownNovember 23, 2017 at 5:37 AM

    Bitcoin has indeed breach 8000 and have registered a new high at 8380. While a drop at 7760 was made due to the Tether hack, BTCUSD have remained above 8000 levels for the past five consecutive days and is at 8219 to this writing.

    Regardless of what Jamie Dimon thinks of this issue, JP Morgan have expressed that the company would offer their clients access to the Bitcoin Futures that would be launched by the CME. Thus would provide transparency supportive of Bitcoin's price direction as the underlying digital instrument's basis for price movements. This moves itself says a lot for the crypto currency as an industry level that would be here to stay and evolve moving forward.

    ReplyDelete
  10. UnknownDecember 6, 2017 at 11:52 PM

    #BTCUSD at 14199 high! Really maximizing its market price potential in unchartered territory. There is no point in predicting a top as justification would not have a solid basis which can be applied for now thus; may only be speculative in nature.

    While sophisticated investors & traders alike may probably use the Futures contracts to 'hedge' against any adverse price decline that may likewise put some second thought selling pressure in the cash market. Will just have to monitor the Volumes and open interest by the week's end of trading after its opening debut.

    While the rest of the crypto currency market awaits in limbo and watching #BITCOIN continue building into a near Euphoria state' to evenly maximize it price potential. A real challenge for the classic community of Bitcoin players would now prove their resilient point.

    ReplyDelete

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