Cryptocurrency

[DealorNoDeal]

You need to open your eyes man.

Perhaps a better way of saying,, show me the charts and I'll tell you the news, rather than the word prediction.

Based on the charts, where will the markets be (ballpark figure) at the end of the year?

...................Current...........31 Dec 2020
BTC................$10k...................?
Gold...............$1570..................?
Nasdaq............9700...................?

[scooterscot]

Based on the charts, where will the markets be (ballpark figure) at the end of the year?

...................Current...........31 Dec 2020
BTC................$10k................... $20k (could go a lot higher in the summer)
Gold...............$1570..................$1200 or lower... depends how fast dollars flow back into the US when the recession hits.
Nasdaq............9700................... 3700 - 4500 somewhere in between. Fascinating chart on the monthly, bearish AF

Ohh a challenge... (Ps... I don't try to time the markets, trends interest me more and I ride them whichever direction the chart indicates regardless of time). Dates are an awful thing, nature gets in the way.

Nasdaq chart is the most fascinating, has a potential for 50-60% correction. Never examined the Index before today, thanks. Rising wedge pattern should scare the of any baby boomer thinking their retirement is safe.

According to the index the net worth of Facebook + Apple + Amazon = Germany's GDP
If you believe the third largest manufacturing exporter in the world is equivalent a social media advertising platform, a reseller, & computer company then... then just carry on, have a happy brexit etc. Nothing to see here. Alles ist gut, zu dem Mond!

[TheGreenBastard]

According to the index the net worth of Facebook + Apple + Amazon = Germany's GDP
If you believe the third largest manufacturing exporter in the world is equivalent a social media advertising platform, a reseller, & computer company then... then just carry on, have a happy brexit etc. Nothing to see here. Alles ist gut, zu dem Mond!

Impressive stupidity, the comparison of a country's yearly output vs. market value of a bag of companies which prices in their assets, reach and future earnings.

[psychocandy]

Scooter - Here we go. We're gonna be rich ;-)

[DealorNoDeal]

...I don't try to time the markets, trends interest me more and I ride them whichever direction the chart indicates regardless of time.

If you're a trend follower, then here's what I see in the charts.

BTC - uptrend since it turned up @ 6500 in Dec 19
Gold - uptrend since it turned up @ 1200 in Aug 18
Nasdaq - uptrend since it turned up @ 6300 in Dec 18 (we could be heading into blow-off top territory but no-one knows)

Of all three, Nasdaq (likewise S&P 500, DJIA) is most vulnerable to a bear market having been in the longest bull market in history.

[Hobosapien]

Gold is an excellent hedge against inflation. It sucks against currency debasement, however. I don't know why it does not react more positively against money printing. Since 2012 when money printing went out of control Gold has only lost value.

Could it be that most investment into gold is through investment instruments that don't actually hold any gold, so it's paper gold not physically backed. Therefore the real gold price is unaffected by the majority of gold investments.

i.e. like bitcoins where you don't own it if you don't have the wallet it resides in, you don't own gold unless it's physical and in your possession rather than some bullion vault the government can easily raid if it's not already actually bare.

[AtW]

Scooter - Here we go. We're gonna be rich ;-)

Define rich

[NotAllThere]

Ohh a challenge... (Ps... I don't try to time the markets, trends interest me more and I ride them whichever direction the chart indicates regardless of time).

So you follow the second derivative, in the belief/hope that it isn't chaotic.

Jolly good.

[DealorNoDeal]

So you follow the second derivative, in the belief/hope that it isn't chaotic.

Jolly good.

Trend is first derivative, no?

[scooterscot]

According to the index the net worth of Facebook + Apple + Amazon = Germany's stock market
If you believe the third largest manufacturing exporter in the world is equivalent a social media advertising platform, a reseller, & computer company then... then just carry on, have a happy brexit etc. Nothing to see here. Alles ist gut, zu dem Mond!

I meant to say Germany's Stock Market, not GDP.

That's utterly insane.