FX CRYPTOCURRENCIES


would be joining Bitcoin in not being classified as a security by the U.S. Securities and Exchange Commission (SEC) opens the way for crypto to escape the dead hand of over regulation that many see as the key risk of crypto’s medium-term future.


It should not be overlooked that Bitcoin has captured the imagination of the world as well as the key group: the young upcoming generation. Tis is an irreversible occurrence that guarantees the longevity of crypto and its future importance, this is copper bottomed by its tremendous utility.


I am saying this not for the sake of platitudinous boosting but because around now Bitcoin will hit a bottom and when it does you will hear how ‘Bitcoin is dead’ and how the gullible where suckered into a silly bubble like the tulip bulbs of old.


Chart 5 - Final bear phase of Bitcoin


Tat will be the time to fill your boots remembering how they said that about the dotcom sector and how now Internet companies rule the earth, while some still snicker about the dotcom boom that gave birth to the greatest economic boom yet. Ten as you grab your cheap Bitcoins you can recall that tulips are still a billion dollar business in Holland.


… but wait until they are laughing and the news is reporting ‘the end’ because that will be the exact moment of the beginning of the next rally.


Clem Chambers Journalist and CEO of ADVFN Chart 6 - NASDAQ COMPOSITE / USD 12 FX TRADER MAGAZINE July - September 2018


Author of “101 Ways to Pick Stock Market Winners”


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