In the 2008 crash there was a big build-up
of publicity stating gold price had been steadily rising and there was more
than one reason for this as similarly showing the same signs as of today.
Earlier in the century gold price went extremely
low and at this point gold so cheap to buy the demand rose not only for use in
jewellery and electronics it started to have many more applications requirements
for the new world order!
As this virus kicks even more into the
further; “what are we going to spend money on”? We are all house bound, Amazon is
suffering, army’s controlling the streets and we can’t go out its limited,
restricted unless shopping for essentials. “What a madder world this has become”!
We are living in uncertain times and some
saying ever recorded in history. That in itself is a good enough reason for gold
prices to rise temporarily it’s called panic buying in the same way it is including
necessities, essentials and food etc.!
Inflation occurs when demand is
consistently greater than supplies and that is sure the case for today so our
advice is to buy little but hold out for this to sink much lower.
Recent government chemical structure will support some of the demand
during this difficult period, however it is highly unlikely demand will be
boosted excessively as money dries up quickly!
Bitcoin results have shown dominance and needs to reclaim 60% movement before June 2020 and although dominance of bitcoin is still down 4% the highs for the overall year to date are at around 60%. There has been a general safety flight in Bitcoin it is pushing on an upwards trend so watch this space and buy your gold now click here
To continue reading the rest of the content taken from in this post; it can be found on Coin Telegraph’s website found here – https://cointelegraph.com/
It’s been a horror week across every financial market and asset class, and crypto is no exception. Late last week the price plunged 52% in 24 hours – before bouncing off the bottom – for the Bitcoin halving nobody wanted. Bitcoin is currently trading above $9,000 and finishes the week 32% down. Despite this, it’s only lost 22% in 2020 so far. The only coins in the green this week were stablecoins like Tether and USDC – both up around 6% during the crash as investors tried to cash out. The Tether market cap has increased above US$5 billion for the first time and USDT on exchanges hit an all time high of $1.23 billion. Ethereum is down 42% for the week, XRP lost 30.3%, Bitcoin Cash (-32.3%), Litecoin (-32%), Bitcoin SV (-44%), EOS (-35%) and Stellar (-28%).
Investors seek safe haven because of fears over the economic impact of outbreak
Bitcoin has bounced back above $10,000 (£7,731), fuelled by investors seeking a safe haven amid fears over the economic impact of the coronavirus.
On Sunday, bitcoin rose above $10,000 for the first time since September and by Wednesday was trading at $10,335 on the Luxembourg-based bitcoin and cryptocurrency exchange Bitstamp. It marks a significant shift in fortunes for the 10-year-old cryptocurrency, which hit a low of $3,196 in December 2018.
Now over 10 years old crypto the largest Bitcoin (BTC) asset has at long last made a name for itself as a volatile asset! This December in particular it has seen a notable chunk of this volatility with price moving more than 30% since 2015… Read the full story click here
The forthcoming major exchange Bakkt announced the completion of their first funding round, which raised $182 million. Bakkt intends to cater to institutional interest in Bitcoin and other digital assets.
Bitcoin-Fueled Lamborghinis Kick Off NYC Consensus 2018
Consensus 2018 kicked off in grand fashion earlier today. Three Lamborghinis lined the entrance of the conference this morning to make a strategic statement. A New Jersey-based car rental service, Broadway Supercars, placed the luxury cars at the entrance of the gathering to gain attention, and it did just that. Founder of the company, John Nouri, told CNBC:
While many cryptocurrency investors don’t follow technical analysis, the popularity of bitcoin and other cryptocurrencies means people have brought to bear this sort of analysis on the market.
PEOPLE who do so-called “technical analysis” on the pricing charts of stocks and other financial markets have a lot of funny names for things.
There’s the “dead cat bounce,” a “reverse hockey stick,” a “diamond top” or a “spinning top candlestick pattern” and plenty of other bewildering jargon. The colourful array of terms are meant to denote something supposedly significant, and in turn signal a potential near-term future.