Courtesy of Read the Ticker.
If Venezuela or Argentina conducted business in bitcoin then their savings and wealth would be a lot better off. Yes Bitcoin and Litecoin have been volatile over the last few years, but nothing like Bolivar (Venezuela) or the Peso (Argentina).
You say they could use the US dollar, yes maybe so, but those who use the US dollar have to the yield to the US Federal Reserve where as bitcoin is decentralized and those who use it yield to no one.
In the next 12 to 18 months the lightning network and atomic swaps logic will forge Bitcoin and Litecoin together as the go to crypto decentralized currency. Of course massive risk, so the investor should be warned you can lose all your funds.
Time to review the demand and supply price and volume action of Bitcoin.
Charlie Lee is the founder of litecoin, the twin coin to bitcoin. Litecon will do what bitcoin is not good at. This recent video Mr Lee unwinds 7 myths about litecoin.
You can review our special offer via our Services pages:
Very Affordable Charts: This is one of the best deals on the WWW. You can use our full service charts (i.e. option ‘C’ in the table above), which includes our very smart RTT Custom indicators, for very low $70 USD per year (or $35 USD for 6 months). We have found market traders have many charting tools, we have also found members use our site to assist in their own strategies by helping them with: Dominant cycles, Gann Angles, Wyckoff price and volume indicators, Point and figure charts and Scanning.
Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.
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…
..“The only way you get a real education in the market is to invest cash, track your trade, and study your mistakes…. The examination of a losing trade is tortuous but necessary to ensure that it will not happen again.”..
Jesse Livermore
..”Markets are designed to allow individuals to look after their private needs and to pursue profit. It’s really a great invention and I wouldn’t under-estimate the value of that, but they’re not designed to take care of social needs”..
George Soros
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Nobel Laureate for Economics Paul Samuelson
..”it is better to have few stocks and to watch them carefully”…
Bernard Burach
..”It’s easier to fool people, than to convince them they have been fooled”..
Mark Twain
