Autonio overview aipowered cryptocurrency trading botswana
49 comments
Santore restaurant exmouth market menu definition
Well, that is the price traders are bidding for it when this article was written. Every MBA student is taught many means of evaluating or valuing securities.
Discounted cash-flow and Capital Asset Pricing Models are a couple of valuation methods. Moreover, fundamental oriented stock traders tend to use ratios like Price to Sales, Price to Earnings or Price to Book to value stocks.
Do any of these methods apply to Bitcoin, or any crypto currency for that matter? What about using a means of valuing traditional currency? Balance of payments, interest rate differentials, and current accounts of sovereigns are all methods we read about.. Again, they are all useless here. Ryan thinks so and could give a long talk on the issues blockchain can solve, but that is subjective.
Therefore we propose to you that since there is no means by which to value bitcoin, or any crypto currency, it is possibly the most purely sentiment driven market in existence. While participants may give subjective reasons for its value, there is no valuation model in wide acceptance.
There are attempts, but even if accepted, would they work? While there is no objective means of valuing crypto currency, there is no shortage of bubble calls and claims that the crypto mania is akin to the tulip mania of So, how does one trade something purely sentiment driven, with no means to valuation?
Elliott Wave analysis, coupled with our Fibonacci Pinball method, provides reliable objective price ranges, targets and supports for sentiment driven markets. Therefore, if history is a guide, those calling for Bitcoin to see six and seven figures in the future should expect brutal corrections. Booms and busts in any market are normal, but those in crypto are particularly volatile, and you should expect it to happen again. The question is when? Everyday retail investors would do well to avoid these large drops, which can sometimes be prolonged.
Likewise, they would do well to take profit at times of high risk to lock in gains. Our Short Term Outlook. But, please remember that these are general guidelines, whereas we look for more specific targets in real time as we analyze the market through the day. It should be no surprise for those that track sentiment that a market can rally while bubble talk fills the news.
At the same time, the masses are slowly adopting bitcoin, and new crypto investors are born every day. Some of the latest rumors include Amazon accepting Bitcoin, and Apple and Google building crypto payment systems into their browsers. We could care less. Rather, we try not to be participators in sentiment but analyze it objectively, using Elliott Wave analysis, with which we measure that sentiment with objective price measures..
The content on this site is protected by U. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information. The views contained here may not represent the views of GoldSeek.
In no event shall GoldSeek. Why Do Investors Sell in May? The Missing Link for Gold By: Jim Rickards provides the best summary of gold price manipulation By: Key Gold Correlation Is Back! The coming copper crunch By: Stop Blaming Everyone Else By: Do Fundamentals Drive Bitcoin? Are You Kidding Me?