Bitcoin - the Côtes du Rhône theory - interesting article

[captaincaveman]

https://www.bloomberg.com/news/feat...-really-worth-may-no-longer-be-such-a-mystery

 

[FlyingDragon]

I enjoyed the John McAfee quote.....

 

[C T J]

I watch bitcoin futures and it's no different than any other commodity to me. 10 years of futures trading. It trades based on what people believe it to be worth, not some mathematical formula. I am still bearish on it. At 18,000 I called for a bounce at 7000. It bounced at 6500 and up to 8500. Was looking for low volume spring created from low supply, increased demand. However it was high been high volume at 6500-8500. It's still bearish shown by decreasing volume from 10000 to 20000. I think it will clean some more clocks. Could be wrong and new information is gathered and my perspective may change but for now that's what I'm seeing.

 

[C T J]

Apply that formula to gold and let me know what it says...