Digital Currency

Can dig­i­tal cur­ren­cy actu­al­ly become like mon­ey is now?

The ques­tion is valid most­ly because right now peo­ple are not real­ly using dig­i­tal cur­ren­cy.

They are buying it.

They are selling it.

They are trading it.

But for the aver­age trans­ac­tion and most every oth­er one peo­ple are still using good old fash­ioned mon­ey.

Just a few days ago the price for BTC was hov­er­ing around 30,000 now it is over 52,000.00 as well there have been fast moves up and down.

Just last week the price went all the way down to the low 40s.

A lot of peo­ple pan­icked and sold off quick for what ever they could get.

They lost mon­ey.

That is the deal right now and one of the things that was being whis­pered that caused the fall from near­ly 60,000 to the low 40,S was that the stock mar­ket closed short along with the bond mar­ket rates ris­ing and to top it off, the Nas­daq was off as well.

So, what is dif­fer­ent now?

Some of the same things are hap­pen­ing right now.

The Nas­daq was off by over 300 points.

Indi­ca­tors in for­eign mar­kets appear to indi­cate that eco­nom­i­cal­ly things are head­ed down.

But today BTC is up and it is up by a lot.

One of the opin­ions that was pos­tu­lat­ed was that insti­tu­tion­al investors are now start­ing to buy into the BTC mar­ket.

You might won­der if these deep pock­et investors real­ly know what they are doing con­sid­er­ing that it is more like­ly than ever that the Dig­i­tal Cur­ren­cy mar­ket is going to go down.

March is and has been a month where BTC and oth­er coins have tra­di­tion­al­ly tak­en a big dive.

Along with the indi­ca­tion that the stock mar­ket is head­ed down you might won­der why are these investors buy­ing heav­i­ly at such a high price.

Nat­u­ral­ly there is this idea that BTC could sur­pass 100,000 this year.

How­ev­er, that is just an opin­ion and in real­i­ty it is hard­ly based on hard sci­ence or even good research.

It is obvi­ous that the FED is against BTC.

The SEC is against it.

So, again the ques­tion why are these big insti­tu­tions ready to spend big mon­ey when the mar­ket is up?

IF as in the past we see a cor­rec­tion then these guys are going to be in some deep pit in the mid­dle of a desert­ed fac­to­ry.

So, what is like­ly giv­en what we know about how things have gone in the past and how it is look­ing right now?

It is pos­si­ble that over the next few days we could see a return to the low 40,000 range. Prob­a­bly around 44,000 to 46,000

So, now is not real­ly the best time to be buy­ing into the mar­ket because it is not going to stay at this lev­el.

It took about 8 hours the last time that the Nas­daq took a dive for the BTC mar­ket to also take a dive.

So, We are in the first hour since this indi­ca­tor pre­sent­ed itself.

As Well, mar­kets over­seas are show­ing signs of a sell off. I guess you could say that peo­ple are invest­ing in BTC. Over the Stock Mar­ket. But that does not real­ly make sense. IF as was put for­ward that peo­ple moved away from BTC in favor of bonds.

No, every­thing points to a decline and it is like­ly that it will make its way back up to this lev­el again but it is prob­a­bly going to take about three weeks to do that.

This is not finan­cial advice, it is not real­ly even an opin­ion just some obser­va­tions. As with any mar­ket move, you should con­sult with a pro­fes­sion­al that you trust, (per­haps not your bro­ker, LOL) All Jokes Aside, it is look­ing like we are in a bub­ble at least for now.

In the future things might change.

For now BTC and oth­er Cryp­tocur­ren­cy remains very risky and to val­i­date that idea all you have to do is google I lost my bit­coin.