SPX bitcoin comparison - SPX bitcoin comparison

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SPX bitcoin comparison - SPX bitcoin comparison 

SPX bitcoin comparison - SPX bitcoin comparison  

what the SPX bitcoin comparison is showing? What this all about..... See below. 

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Sentiment Trader told   ==> our VIP MEMBERS here <==  that my POST RIGHT HERE ON QUORA, GOT ALOT OF ATTENTION! I 

What I talked about is the parallels between bitcoin crash and stock market which is currently crashing…. so I would like to talk a little about this today.

As you can see these have both been crashing at the same time. Here is a chart with the BTC Vs. S&P 500. Quite interesting, and lets talk a little bit about bitcoin and where it could be going. ?

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Our Members here => VIP members here    Were told that, The s&p chart [as above] reminds me a little bit of bitcoin chart last few months!

Remember, bitcoin crashed first, and the the stock market sold off soon after.

This is an in interesting correlation, in the past 12 months, not only did we have a strong rally in equities we had a strong rally in bitcoin and cryptos as well. Meaning, lots of new people opening coinbase accounts, and then BITCOIN launched futures on the CME exchange, so bigger investors are buying bitcoin and buying smaller coins outright.

So I WOULD NOT be surprised, to see investors who saw this as risk on assets [in terms of equities] were also buying crypto currencies at the same time.

So as bitcoin began to weaken, these investors began to “De-risk”, it could easily look like the S&P chart. However, the connection between these two [S&P500 and BITCOIN] is very limited.

We have to remember this is just uncanny occurrence, with bitcoin, the reason is crypto currencies have their own economy and activity on the blockchain. Equities have their own economy based on earnings per share and multiples. So they are in no way related.

There is little or no institutional overlap, and when you look at the total ownership of bitcoin, its 80% owned outside the USA. Its more of a globally held asset class. And consider size, bitcoin right now as you read this is only a 100 billion dollar market cap. The S&P is close to 30 Trillion US dollars. So in terms of the stock market, bitcoin makes up as much as a just 1 small company listed on the stock market itself. I am at a loss to work out why bitcoin and the S&P crashed together, it was more of a weird “occurrence” if you want to call it that.

WHERE TO NOW FOR BITCOIN!?

First of all I have been lucky in here, to get many predictions in here right!, I am blessed to have many people follow me. I am in no way a guru, or a psychic though. I use what I have at my disposal to make decisions that I think are astute at the time, so that is what I will do for you today!. What most investors what to know is where is bitcoin going, well, right now I am still very constructive about this asset class. You can see my previous posts for more complicated targets, and charts. I do think that sometime in 2018, in the next several months, we will see bitcoin go back to 24k eventually. For now in the short term, it may have a little bit of work to do or maybe bottom out soon after a significant sell off. One of the most important things you must realise is that no matter what the stock market does this year, you have to remember bitcoin is still the most important and liquid of these crypto assets.

Hope this helps.

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Bitcoin briefly plunges below $1,000 after SEC rejects application to list ETF

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Bitcoin briefly plunges below $1,000 after SEC rejects application to list ETF

"Bitcoin briefly plunges below $1,000 after SEC rejects application to list ETF" 

in the news Bitcoin briefly plunges below $1,000 after SEC rejects application to list ETF? What this all about..... See below. 

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Sentiment Trader sees The U.S. Securities and Exchange Commission on Friday denied a request to list what would have been the first U.S. exchange-traded fund built to track bitcoin, the digital currency.

Investors Cameron and Tyler Winklevoss have been trying for more than three years to convince the SEC to let it bring the Bitcoin ETF to market. CBOE Holdings Inc's Bats exchange had applied to list the ETF.

The digital currency's price plunged, losing some 18 percent in trading immediately after the decision. It later recovered from the lows.

See what happened today...after the news. This is quite interesting. 

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Bitcoin had scaled to a record of nearly $1,300 this month, higher than the price of an ounce of gold, as investors speculated that an ETF holding the digital currency could woo more people into buying the asset.

Bitcoin is a virtual currency that can be used to move money around the world quickly and with relative anonymity, without the need for a central authority, such as a bank or government.

Yet bitcoin presents a new set of risks to investors given its limited adoption, a number of massive cybersecurity breaches affecting bitcoin owners and the lack of consistent treatment of the assets by governments.

"Based on the record before it, the Commission believes that the significant markets for bitcoin are unregulated," the SEC said in a statement posted online. "The Commission notes that bitcoin is still in the relatively early stages of its development and that, over time, regulated bitcoin-related markets of significant size may develop."

The regulators have questions and concerns about how the funds would work and whether they could be priced and trade effectively, according to a financial industry source familiar with the SEC's thinking.

 Bitcoin is a on a good run, but don't compare it to gold just yet Bitcoin is a on a good run, but don't compare it to gold just yet  

"We remain optimistic and committed to bringing COIN to market, and look forward to continuing to work with the SEC staff," said Tyler Winklevoss, CFO of Digital Asset Services.

"We began this journey almost four years ago, and are determined to see it through. We agree with the SEC that regulation and oversight are important to the health of any marketplace and the safety of all investors."

The Winklevoss twins are best known for their feud with Facebook founder Mark Zuckerberg over whether he stole the idea for what became the world's most popular social networking website from them. The former Olympic rowers ultimately settled their legal dispute, which was dramatized in the 2010 film "The Social Network."

Since then they have become major investors in the digital currency, which relies on "mining" computers that validate blocks of transactions by competing to solve mathematical puzzles. The first to solve the puzzle and clear the transaction is rewarded with new bitcoins. Solutions to the puzzle come roughly every 10 minutes.

There are two other bitcoin ETF applications awaiting a verdict from the SEC. Grayscale Investments LLC's Bitcoin Investment Trust, backed by early bitcoin advocate Barry Silbert and his Digital Currency Group, filed an application last year.

SolidX Partners Inc, a U.S. technology company that provides blockchain services, also filed its ETF application last year.

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bitcoin crash 2017 - bitcoin falls again

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bitcoin crash 2017 - bitcoin falls again

"bitcoin crash 2017 - bitcoin falls again" 

in the news bitcoin crash 2017 - bitcoin falls again? What this all about..... See below. 

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Sentiment Trader here  saw Bitcoin Fall 15% today On China Probe

It’s a bad day for bitcoin. Today the news broke that China’s central bank will be launching probe into bitcoin exchanges on Beijing and Shanghai, and it send the cybercurrency falling to just above $769, a 15% drop.

 (PBOC) or the peoples bank of china said the probe of bitcoin exchanges BTCC, Huobi and OKCoin was to look into a range of possible rule violations, including market manipulation, money laundering and unauthorized financing. It did not say if any violations had been found.

Chinese authorities have stepped up efforts to stem capital outflows and relieve pressure on the yuan.

That, and the relative anonymity the digital currency affords, has prompted some to believe bitcoin has become an attractive option for tech-savvy Chinese to hedge against the yuan and skirt around rules limiting how much foreign exchange individuals can buy each year.  Here is the chart..... As you can see the trendline on bitcoin that has been in tact since SEPT 2015, has now been broken!!

 

bitcoin crash 2017 - bitcoin falls again

So far, 2017 its been a very wild start for bitcoin. The cybercurrency gained 120% in 2015 and then went on to rally more than 20% during the first three trading days of the new year to cross the $1,000 mark for the first time since November 2013.

But worries surrounding a crackdown on trading in China have pressured bitcoin over the past several trading days, with the currency losing roughly 30% of its value over the past four sessions.


Its current price is 776 as of the close. 

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