FX CRYPTOCURRENCIES
to be renewed interest around 20 years would need to pass. Well 20 years is nearly up and lo and behold a new generation has returned. It is bad news for stockbrokers, because the new generation doesn’t care about shares. Tey want Bitcoin, Ethereum and the altcoins and ERC20 tokens that make up the blockchain and cryptocurrency space.
Chart 1: NASDAQ COMPOSITE / USD - This chart guided me to sell my crypto at around $16000
bigger market cap than Bitcoin. Yet the whole
stock market interest than Bitcoin alone.
Tis superstar status is the key to Bitcoin and to its future.
earns less
Following the dotcom crash, an old broker told me that the private investor would not be back for a generation. Tose burned in the dotcom bust would never come back and for memories to dim enough and for there
Wall Street has had its day, crypto is the Wall Street of the millennials and to top it all off it is also the ‘rock and roll’ of the millennials in the same way that the last generation’s ‘rock and roll’ was the Internet.
Mark Twain said history doesn’t repeat but it does rhyme and I’ve used this maxim for a long time. It seems however with cryptocurrency history does repeat.
Take a look at chart 1, which the doubters will tell you can’t help you invest in Bitcoin.
Remember this moment?
Chart 1 was the Nasdaq chart that guided me to sell my crypto at around $16000.
Chart 2 shows the shape of a bubble and what happens next is highly predictable.
Chart 3, which shows the Nasdaq Composite / USD, is strongly indicative of Chart 4.
Let us look at the two closely together. Chart 2: BITCOIN/USD - This is the shape of a bubble 10 FX TRADER MAGAZINE July - September 2018
According to the model on Chart 5, we are in the final bear phase of Bitcoin. It
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