Any of you dorks ( not my beloved / avid readers of course ! ) notice the BUY in blockchain related names into the close, and in turn….the entire cryptocurrency market?
Thought not.
Here in lies the problem.
The market and it’s bonehead participant ( yes that’s you! ) don’t have the brain matter to differentiate / distinguish the difference between a “blockchain company” and a freaking cryptocurrency.
This entire sector ( as diverse as it is ) continues to trade as if a blockchain mining company ( soon to be de-listed / go belly up, with 5 warehouses full of beat up old computer hardware ) and a cryptocurrency ( tron or bitcoin for example ) are essentially the same.
Dumb = wrong.
How bout companies such as (BIGG) – Big Blockchain Intelligence Group ( UP 28% today alone! ) – who are currently doing some “seriously cutting edge blockchain development” in both the financial and law enforcement arena? You don’t think this is the bottom/rinse of the speculators? You don’t think this suggests “buy time”?
Dumb = wrong.
BIGG – Bottom is in Baby!
The bottom is in, so now its up to you……..buy Bitcoin, buy blockchain…..screw gold? ( please…..crypto IS the new gold! )
You got the nuts to get out there and take advantage?
Thought not.
Can you write any more confusing?
Gotta peak your interest here James…he he he….the writing is what it is. I’m workin’ on it!
If I can clarify / help you with anything please just let me know / post additional comments, but I DO approach the blog and the financial space in general from a “creative point of view” as best I can.
You’ve got to do “something” to keep this stuff from driving you completely insane right?
I write. I trade. I hope to inspire and evoke thought in my readers, but by all means……just ask me “anything” and I’ll give you the straight goods.
Kong, should we sell our gold to buy cryptos?
Hey you!
Hope you are well.
If you ask me……….I feel that in the “macro,macro,macro view” indeed crypto currencies spell certain doom for the metals as….
Bitcoin will soon be seen as a “store of value” (much like gold has been in the economy gone by) in the new digital economy. Now don’t get me wrong…I DONT think Bitcoin will become the planet’s global “exchange currency” as their will only be 21 million bitcoin above ground, and this is not liquid enough to support such activity ( as well the transaction speeds of BTC are much too slow ) but because BTC is the big boy on the block / trusted / longest standing as well the backbone “reserve cryptocurrency” behind all these new crypto currency exchanges….global adoption is well underway.
I believe that the “interest in gold” ( as a store of wealth ) will inevitably fall.
Short term I don’t know your position – but in all…….I can’t imagine the “new investor” ( millennial ) having much interest in gold.
I am a HUGE supporter ( and large investor ) in crypto. I won’t be buying any gold. Likely ever again.