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BITCOIN’S STUMBLE PUTS THE CRYPTOCURRENCY AT A STEEP DISCOUNT TO THE CROWD’S PRICE PREDICT

Following the disappointing decision by the SEC to postpone its decision on allowing the first Bitcoin ETF listing, the price of Bitcoin has slumped to nearly a 15% discount to THE CROWD’S LINE fair value price.  Frustrated Bitcoin bulls will likely now retrench to position their respective portfolios ahead of September 30th the expected date the SEC […]

S&P 500 BOUNCES

S&P 500 BOUNCES FROM INTRADAY LOWS TO NEAR FLAT ON THE DAY:  Well, let see if the cryptocurrencies can shake off the risk off theme seen in easily trading.  Seems like risk managers are done forcing liquidating of LONG S&P Stocks vs covering TSLA SHORTS.  Let’s see what happens, bitcoin $6,445 last price.

THE RECENT DOWNTURN IS NOTHING NEW

The recent downturn in Bitcoin is nothing new in 2018.  As of 10:30 AM on 8/8, is -25% from the July high.  That’s a lot but not compared to the prior drawdowns. Let’s put this into context. Starting with the February 2018 low point, Bitcoin has witnessed six distinct moves: 2/6 – 2/21: +98% 2/21 – 4/6: […]

WHY IS BITCOIN TRADING LOWER TODAY

TWO REASONS IMPACTING EARLY TRADING: POSTPONEMENT OF A DECISION TO APPROVE A BITCOIN ETF:  Cryptocurrency optimist hoped for apositivedecision by market regulators this week to move forward with a planned launch of a BITCOIN ETF.  Unfortunately, the bulls were delivered disappointing news as the Security and Exchanges Commission (SEC) postponed a final decision for the listing […]

Goldman Sachs CEO: ‘It is Arrogant to Deny Cryptocurrency’ | CryptoSlate

Goldman Sachs CEO: ‘It is Arrogant to Deny Cryptocurrency’ | CryptoSlate

A growing number of Wall Street firms are changing sentiment and shifting toward the opportunities of an emerging digital economy. On Aug. 6, Goldman Sachs CEO, Lloyd Blankfein, shared his thoughts on cryptocurrency during an interview with the Economic Club of New York. Cryptocurrency Could Be the Next Evolution in Cash Blankfein appeared at the Economic […]