Bitcoin holds above $1,000 as traders fret about the cryptocurrency’s potential ‘fork’

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Bitcoin holds above $1,000 as traders fret about the cryptocurrency’s potential ‘fork’

"Bitcoin holds above $1,000 as traders fret about the cryptocurrency’s potential ‘fork’" 

in the news Bitcoin holds above $1,000 as traders fret about the cryptocurrency’s potential ‘fork’? What this all about..... See below. 

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Sentiment Trader can see Bitcoin has had a rough ride in the past few days after hitting record highs, then dipping below $1,000 and now just holding steady, as traders ponder the future of the underlying technology behind the cyrptocurrency.

On March 10, bitcoin hit a high of $1,325.81, but dipped to around $944 on Saturday. The price has recovered somewhat and was trading at around $1,049.20 at the time of publication. The recent volatility is due to a number of factors:

The rejection by the U.S. Securities and Exchange Commission (SEC) of an exchange-traded fund (ETF) proposed by Cameron and Tyler Winklevoss
Chinese authorities forcing bitcoin exchanges to halt withdrawals of the virtual currency

Concern of the future of the underlying technology of bitcoin

This last point refers to a potential bitcoin "fork" which would result in the emergence of two cryptocurrencies – one known as Bitcoin and one known as Bitcoin Unlimited. For a full explanation of this debate,

The bitcoin chart might be going to the high hundreds soon, see the chart This is quite interesting. 

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In the last seven days, 54.7 percent of trades on one major exchange called Bitfinex have been to sell bitcoin. The other 45.3 percent have been to buy. At the same time, from bitcoin's all-time high on March 10 to midday on March 23, the number of short positions on the Bitfinex exchange were up 18.9 percent, hitting levels not seen since February 17. Short positions refer to people betting against a price rise in bitcoin.

Jason Hamilton, a bitcoin trader in the U.S., told reporters that the long-term supporting trend line for bitcoin is around $735, and that bitcoin is in a bubble right now. He said that a potential upcoming fork, as well as the rejection of the ETF and tighter regulation in China, is the reason he is shorting the digital currency.

"All these reasons are the catalysts it needs for the bubble to burst and the long term trend line to be revisited," 

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why is the stock market selling off today - why is the stock market selling off today

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why is the stock market selling off today ?

why is the stock market selling off today ?

Well it finally happened, just as we have been telling our members..... the Dow and S&P post first 1% fall in 5 months as banks tumble, health care reform worries remain

U.S. equities posted their worst day of the year Tuesday as banks faced pressure from falling yields, while investors turned their eyes to a key House vote.

The Dow Jones industrial average fell around 240 points, with Goldman Sachs contributing the lion's share of the losses. The S&P 500 dropped 1.2 percent, with financials falling more than 2.5 percent to lead decliners. The indexes were also posted their first decline of at least 1 percent since October.

The SPDR S&P Bank ETF (KBE) and the Regional Banking ETF (KRE) both fell more than 4.5 percent.

The small-cap Russell 2000 underperfomed, falling around 2 percent.

Retail stocks also took a hit Tuesday, as the SPDR S&P Retail ETF (XRT) dropped nearly 2 percent after Rep. Kevin Brady, the Republicans' chief tax writer in the House, warned  border adjustment tax will probably appear in the final tax reform plan.

I keep having people write to me and emailing me saying WE ARE NEVER GOING DOWN AGAIN!....I wonder what these investors are thinking today, they might go to bed a little worried tonight.

Since President Donald Trump's victory last November, expectations for tax reform, deregulation and more government spending have increased dramatically. That said, the Trump administration indicated that health care reform would take place ahead of tax reform.

"If those become bigger fights and everything gets watered down, that could be a disappointment," said Alpine's Spellman.

House Republicans are expected to vote on repealing and replacing the Affordable Care Acton Thursday.

"If we can't get health care reform soon, that doesn't mean we won't get tax reform. It just means it will come later, but the market is not priced in for that. But things are a little tense now it seems.

The Freedom Caucus, a key group of House Republicans, threatened to issue a formal statement of opposition to the Obamacare replacement bill, which would delay the vote, unless the language in the bill changes dramatically.

TIME TO PANIC??? 

Well, not really, but we must say, the S&P sold off quite hard today! It has investors PANICING, and this is the first DAY down more than 1% in 2017. Brace yourself!!! This is quite interesting, have a look at the chart below. 

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 Stocks were flying high after Trump took office.

Wall Street also focused on the oil market as crude prices briefly rebounded on the possibility of an OPEC supply cut extension.

"If that comes to fruition, that would be a huge plus," said Peter Cardillo, chief market economist at First Standard Financial. "I think the rebalancing in the market is going to take place in the next few months."

Energy is the worst-performing sector this year, falling around 8 percent.

On the data front, fourth-quarter current account figures showed the deficit fell, hitting its lowest level in more than a year, as an increase in the primary income surplus offset a soybean-driven drop in exports.

Will this be the start of something bigger, or is this just a DIP that needs to be bought!?  -    Source : Cnbc.

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how to make money with virtual reality - how to make money with virtual reality this year

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how to make money with virtual reality

"how to make money with virtual reality" 

in the news how to make money with virtual reality? What this all about..... See below. 

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Sentiment Trader has started to notice a rapid growth in virtual reality and virtual reality stocks. 

Investors are starting look for benefits from this in 2017 need to know which businesses or stocks are going to help them. How can you utilize AI without being part of the company? There is a lot of data needed to drive this technology and a lot of investors have not even started to jump on the bandwagon here. 

Amazon is one company that is starting to benefit from Artificial intelligence and big data. They tend to be ahead of all the other companies, when it comes to trends, and how using robotics and virtual reality to make their business work even better. They are telling analysts that they do have a few secrets up their sleeve but count the success to test things small scale, and if they work, then upscale and outsource this. It seems to be working, as amazon profits are doing quite nicely in 2016 and likely to grow in 2017. 

Amazon are still looking for providers or AI software. But they will be focusing on making their tech suppliers even better in the coming years, which will help get products to their customers quicker, and make things more efficient. There are hardly any other companies like amazon doing what they are doing, and in this tech space is sure to make them a giant in the coming years. 

One of the managers are Amazon was quoted as saying “bots are 
also good, and a paradigm shift from the average person calling up a real person on a phone. But until their customers really adopt these new bot  and AI intelligence, they will continue to adapt and work it in slowly! ”

Will the next social network be virtual?

There is evidence, that instead of interacting with Facebook on a screen, yes, you could be in a machine and talking to people. Just like virtual reality is just taking off with games there will be a great use for this technology in business as well. 
So there is a real possibility that Virtual reality will be a social platform in the future. But there a several stocks you might want to look at, if this growth turns into a rapid explosion, like we think it will be. 

 This is quite interesting. 

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Virtual reality and augmented reality could be the most social platform in the future.


But right now, there are bigger funds who can see the potential for companies like Amazon and Facebook to grow by utilizing the technology available right now or at their finger tips, so investors who are wanting to get ahead of the curve and capitalize on such trends would be better off to buy stocks such as facebook and Amazon outright. They seem to have a big bubbly bright future ahead of them. 

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