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Bitcoin vs Gold a Wyckoff Review

Courtesy of Read the Ticker.

bitcoin-vs-gold-a-wyckoff-reviewIs this a battle between good and evil, or is it good vs very good.



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This is what is known, if you dig deep enough.

1) With out the Chinese power companies supporting bitcoin miners with subsidized electricity it would not be what it is today.

2) Bitcoin is not built with the best code, that is why it takes so long to settle.

3) Bitcoin is a digital product, you can not touch it like gold or silver therefore it can be stolen digitally.

4) The question is Bitcoin like Nokia, just before the smart phone hit the market.



In the gold and silver markets you can bet you will see peer to peer block chain title transfer of physical product outside the LBMA and COMEX futures markets. The ‘peer’ will be either miner, manufacture or investor. This should help find the true price of the metals. The question is now with those holding gold paper contracts from the COMEX or LBMA do they want to get to the true price first to secure large profits before block chain does it for them.



Members who have access to RTT Plus can find more information about bitcoin. Of course right now bitcoin is going up for the same reason Amazon is, and that is the greater fool theory, there is some one out there who will pay a higher price than you.



The video is a Richard Wyckoff chart review.



Disclosure: Own metals, none of Cypto’s.










NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



“Stock market technique is not an exact science. Stock (and commodities) prices are made by the minds of men (and women). Mechanical trading methods or mathematical formulas cannot compete with good human market judgment.”..



Richard D Wyckoff





..”Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception”..



George Soros





..”Earnings don’t move the overall market; it’s the Federal Reserve Board… focus on the central banks and focus on the movement of liquidity… most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets”…



Stan Druckenmiller





..”The first rule is not to lose. The second rule is not to forget the first rule”



Warren Buffett





..“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.”..



Bernard Baruch








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Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!