This B wave in gold could resolve to $100 an ounce, and Bitcoin could be the reason.
https://www.independ...r-a8323441.html
Edited by CLK, 18 July 2018 - 03:38 PM.
Bitcoin could replace gold
Started by
CLK
, Jul 18 2018 03:32 PM
53 replies to this topic
#2
dougie
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Posted 18 July 2018 - 04:16 PM
i will give you 3: 1 odds on that
#3
denmo83
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Posted 18 July 2018 - 05:00 PM
My guess is $837 an ounce within 2 years
#4
AChartist
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Tim
Posted 18 July 2018 - 09:37 PM
clif said lately gold wasnt going to do well but will be around, silver eventually will because of hypertech
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#5
SemiBizz
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Volume Dynamics Specialist
Posted 19 July 2018 - 08:20 AM
Somebody tell me the value of Bitcoin if the internet is compromised or broken?
That's the problem, it's a big fat ZERO...
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#6
hhh
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Posted 19 July 2018 - 09:10 AM
There's no barrier to entry for cryptos, but somehow Bitcoin keeps people's attention. If that changes, it's lights out. There is no easy replacement like that for gold. Clif predicted silver at $600 to happen over a decade ago if I remember right.
#7
CLK
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Posted 19 July 2018 - 09:34 AM
There's no barrier to entry for cryptos, but somehow Bitcoin keeps people's attention. If that changes, it's lights out. There is no easy replacement like that for gold. Clif predicted silver at $600 to happen over a decade ago if I remember right.
Bitcoin has a limited supply, unlike metals.The majority of the tokens will fail though. I think Clif just picked the wrong direction for silver.
Has there ever been a commodity removed from the CME ? The fact that Bitcoin was even listed says to me it's not going away.
#8
hhh
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Posted 19 July 2018 - 09:54 AM
Metals have a limited supply on Earth, but the supply is unknown. Bitcoin in isolation is limited, but cryptos aren't, and they don't have particular unique properties like elements that distinguish them from each other. I think the powers that be saw a market they wanted a piece of action from. What's to stop other cryptos from being listed?
#9
CLK
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Posted 19 July 2018 - 10:07 AM
Only trade I will take in OTM are leaps and rarely, so I bought 10 of the Jan. 2020 90 puts on GLD,
could be a total loss or an 80k trade if I'm right.
#10
CLK
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Posted 19 July 2018 - 10:21 AM
Metals have a limited supply on Earth, but the supply is unknown. Bitcoin in isolation is limited, but cryptos aren't, and they don't have particular unique properties like elements that distinguish them from each other. I think the powers that be saw a market they wanted a piece of action from. What's to stop other cryptos from being listed?
I think the next to be listed might be Etherium, I don't think they will list something with a large supply with only a year of track record.
https://howmuch.net/...-in-perspective
