You are viewing a single comment's thread from:
RE: EOS is leading - comparing crypto charts to determine future valuations
Great post and comparison. If you are a day trader, you take some profits off the table. If you are a long term holder, you buy on the pull back. The space is very volatile, I expect more crashes as we continue to make higher highs over time.
Do you think the Crypto space will crash with the Markets? I would invest more, but I'm see a correlation between Crypto and the Markets.
NOTE: Bitcoin represents the candles and the DOW represents the blue area.
What are your thoughts?
There might have been a correlation in the past, but do you think that if the DOW and any other major index crashes, cryptos would crash too? I think crypto will boom like crazy when the everything bubble bursts.
The money needs to go somewhere. Holding cash is too expensive in a high inflation or crash scenario.
That makes sense to me and logically that's what I would expect due to the reason why Bitcoin was created, I guess we shall see soon.