The recently created futures contract in Bitcoin expired here on January 26th..so the Wall St boys should be “about done” with the crypto beat down ( so they can just buy lower ).
This coupled with the Chinese new year “spending splurge” ( where millions of people across Asia and the rest of the planet dump assets in order to send money home or buy ceramic cats ).
An interesting set of circumstances don’t you think? With concerns over Korean crypto exchanges sprinkled on top this has all compounded into the most serious pullback we’ve seen EVER!
cryptos ready to go
The question begs…..do you believe in crypto currencies or not? Seriously……do you BELIEVE in crypto currencies or not?
Pullback complete…..Ripple good, Litecoin good…Bitcoin good. Everything good!
I’m making a gradual shift here at Kong as……..I am far more interested in the exciting future of Cryptocurrency, than the continued demise of fiat. We’ve seen this coming for a very long time here at Kong, and as much as it seems like things have already moved considerably…..we’ve really only just gotten started.
Forex looking to take a back seat here soon, and I hope you all don’t mind. My thoughts are…..for those “young bucks” lurking here looking for a tip – crypto likely even more exciting….and for you “‘ol dogs” much like myself ( or at least somewhere there in the middle ) I imagine you’re pretty sick and tired of asking some punk at a bar or restaurant – What the hell is Bitcoin…and how do I invest?
I will soon be your source for crypto currency news and trade suggestions as I look to take profits on my recent trade ( Sept 20-22nd ) back when Bitcoin was less than half its current value. A full on double in 60 days? Bam – I’m taking it as I expect a pullback here soon.
$10,000 U.S looks like a very nice number to cash out / HOPE the pullback is pronounced but….this train is moving full steam ahead, and I’ll tell you why. Just not tonight.
You need to strongly consider the wide and sweeping implications of these crypto currencies and “re frame” your view and understanding. This is not a fad. It will not be stopped ( only further adopted ) and the train is leaving the station…..just not overnight.
Charts to follow as well my ramblings…….moving towards crypto with my trading and Kongdicator.
Would you expect anything less from a spacefaring entity disguised as a primate?