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Arthurazizov

Bitcoin vs Gold – No Bubbles COINBASE:BTCUSD NASDAQ:GOLD Bitcoin and Gold are more and more often compared with each other. And for crypto currency this is another reason to appreciate, as it means investors take it seriously. Lately, Goldman Sachs' analysts Jeffrey Currie and Michael Hinds said that gold was better than crypto currency. They pointed that the riskier the market environment, the higher the demand on the metal. They compared Gold and Bitcoin by several criteria, and discovered that by longevity, intrinsic value and stability the former is better than the latter. However, the only notion that the long established asset like Gold is compared with recently emerged currency may Bitcoin even more attractive. And judging by the history of Gold, Bitcoin has huge potential in store. Some years ago gold ran from $250 to $1900, and every investor or analyst used every opportunity to claim it a bubble., but it’s still trading above $1,000. Bitcoin has run from $800 to $5,500 since the year start and it’s already called a bubble. But is it the end? The recent slide for me looks a good opportunity to buy Bitcoin with the nearest target at $5,800.
BITSTAMP:BTCUSDLong
by ArthurAzizov
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How To Trade Bitcoin When It FallsSince the start of 2017 Bitcoin, the most popular cryptocurrency, surged three times to the peak $2,889 reached on June, 12. It means that even if you were not smart and proactive enough to buy it at $200 in 2015, you could still have earned 312 per cent, if you bought it in January. If your investment was $1,000 you would have had $3,120 by now. But how to trade it right now, when it experiences the period of increased volatility? On Sunday, July, 16, Bitcoin fell below $US2,000 for the first time during two months, and hit a weekend low of $1,812 before going back towards $US2,000. Right now everybody is talking about disagreements among the currency developers over the future of the blockchain platform the currency is traded on. The zero hour was on July, 21, as a test run of a revised platform with faster transaction speed was performed. That day more than 90 per cent of the market took up higher-speed network. So, for now there are high chances the platform will be introduced permanently from August, 1. But that fact is actually priced in, and there are high chances to see selloff of Bitcoin after the initial shoot up? And as the history shows when cryptocurrency is sold, it may lose about 50% of its value. We saw it late 2013, when the currency surged almost 8 times during a couple of months, but then lost about 25% in three weeks, and 50% in 4 months. You have already lost the opportunity to earn on Bitcoin rise, so this is the time to correct mistakes and get profit on its fall.
BITSTAMP:BTCUSDShort
by ArthurAzizov
You Think Low Chances To Profit On Bitcoin?Yes, I have to disappoint you – you have little chances to earn maximum profit on crypto currency. Just because the most popular of them has already made from 300 to 5,500% since the start of the year. And it looks like the market took a pause. However, it doesn’t mean Bitcoin has no potential to add another 5,500%. Just back in January I remember the widespread opinion about Bitcoin – it peaked at $945, and hardly had chances to break above $1,000. Then there was another splash of disappointment in March, when it reached $1,270, but later had three weeks of selloff falling to $905. But since that time we saw Bitcoin touching $2,889, meaning that if you bought it even at March peaks, you would have more than doubled your investments. And now is my idea - catch retracements. The history shows that there is always a correction after huge bullish trend, and in most cases it amounts up to 50% of the uptrend. And these retracements offer perfect opportunities to enter the market at very attractive levels. So, my take is to sell at current levels with the nearest target at $2,200, and wait. As soon as the selloff is over we gonna see another swing higher with a potential to see another 100% rise!
BITSTAMP:BTCUSDShort
by ArthurAzizov
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