CRYPTOCURRENCIES by Clem Chambers


FX


Crypto is the Wall Street of the millennials


The idea that Bitcoin will rise and rise along a path similar to the Nasdaq has solid fundamentals behind it


Some people believe that charts have no use in evaluating investments. Te future and the past, in their opinion, are totally unconnected. Te reason is because all known and knowable information is already factored into the market and only unknowable accidents can occur to change the price.


Tere are no trends in that thesis and there is no past performance to in any way affect the future.


It is a pretty good theory but it relies on one thing that simply is not yet part


FX TRADER MAGAZINE July - September 2018 9


of the cryptocurrency landscape: an efficient market.


Bitcoin is a pretty good market but if


it was a stock it wouldn’t be the biggest by a long way.


In the US there are 48 shares with a


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