Cryptocurrencies Hit All-Time Highs, Gold Spikes Higher As Investors Flee The Stock Market

in bitcoin •  7 years ago 

Bank of America Merrill Lynch reported this week that investors had pulled $30 billion from US stock funds over the last ten weeks. And, the latest week of outflows marks the 10th straight week of withdrawals, the longest in more than a decade.

Investors pulling $30 billion from the stock market in the last ten weeks is very interesting as the value of all cryptocurrencies has simultaneously surged by $47 billion in the last ten weeks.

Could it be that investors are, smartly, getting out of the stock market and into cryptocurrencies?

It’s possible. The Dollar Vigilante’s Senior Analyst, Ed Bugos, has sensed as much, noting in a personal post last week that while he does not, “see much competition between gold and the cryptocurrencies, [he] definitely [sees] some between the NASDAQ and the crypto space.”

By that, Ed means that there is competition over increasingly scarce investment capital.

And, Ed had already figured that a fair amount of the capital coming into cryptocurrencies was coming from the stock market.

Ed warns, most notably to subscribers, that a lot of investment has come from Wall Street and the establishment, which to him merely emphasizes the vulnerability of the crypto bull to the Federal Reserve’s monetary policy and the wider boom created by the record interest rate suppression.

In other words, during the next stock market crash, we could see a serious drop in the cryptocurrencies. TDV subscribers (subscribe HERE) will be fine though because we are prepared for the crash in other financial assets by hiding out in the precious metals, which have sat out most of the boom, as well as by shorting the US dollar and the stock market.

Certainly, someone is investing heavily into the cryptocurrencies as they continue to hit all-time highs. The value of all cryptocurrencies now sits at the cusp of $160 billion.

Bitcoin has been the biggest driver of the overall crypto gains since the beginning of the month and the Forkening.

Bitcoin itself has just hit a new all-time high $4448 on August 25th.

And Bitcoin Cash continues to trade above $600 for a market capitalization of nearly $10 billion.

Combined, bitcoin and Bitcoin Cash trade near $5,000 total and a total market capitalization of nearly $80 billion.

And, gold finally caught some wind under its sails after lagging the cryptocurrencies badly for years. It rose to over $1,320 today; its highest level in nearly a year.

At The Dollar Vigilante we have been heavily long cryptocurrencies and gold… and everything is currently going our way.

In the next few days we’ll release our next issue of the TDV newsletter where I’ll speculate that what we are seeing are the pre shocks to a fall crash… And, unbeknownst to many, this September may be the end of the Jubilee year, not last year.

We’ll have our eyes focused closely on all that as we enter into an interesting autumn period. What’s another word for autumn? Fall. And we may see the US stock market do just that in September and October.

Still not prepared? Make sure to subscribe to get all of our latest analysis and advice HERE.

And if you are still behind on learning about cryptocurrencies, check out our free four-video webinar HERE. If you accept our offer at the end of the webinar, we’ll even send you your first $50 in bitcoin directly from me, personally.

In the meantime, here at TDV, we are enjoying the end of summer with more spectacular gains to add to our already ridiculously spectacular gains.

Who would have thought that watching the whole system burn to the ground could be so much fun?

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I have been killing it trading BTC with leverage on Bitmex. Where was this money making game when I was a kid?!

BTC trading is risky enough... without leverage :P

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Haha! What a cute little angel :)

lol

Hahaha

idk your generation was too busy selling out to the military industrial complex and ruining America's global image I guess. Stay off kraken.

What is wrong with Kraken?

uh nothing. sry shouldn't post mad. Totally confusing.

They were waiting to order 2 pizzas from Papa John's :D Cryptocurrency Trading is awesome

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look my post about waves. I think is interesing currency. It have LPOS , you can earn tokens leasing your waves

https://steemit.com/cryptocurrency/@superpako/waves-plataform-and-lease-cryptocurrency

  ·  7 years ago (edited)

Let's get some opinions on physical silver:
How high do YOU think it's going?
Weigh in with a reply!
IMG_5137.png

The gold silver ratio is still way off, when silver plays catch up we will both be very happy!

I hope so! :-)

HEHEHEHEHEHETETETETE

A very worthy read!

I think gold is only as good as bitcoin death.

BTC-GLD.jpg

Crypto world is making money while I sleep

Can you feel the freedom coming?

Feed the government!
Or was I looking for a different f word?
https://dtube.video/#!/v/ragetester/6xicf9st
Truth revealed on old tv show, people still ignorant...

LOL 😂

  ·  7 years ago (edited)

Do you believe crypto prices will fall just like the stock market during a depression?

great question! will be interesting to see, I bet everything will fall, but safe havens will rise after the shock, and I think cryptos will be in that boat

Exactly my concern! Will the ones with a huge following from Asian countries (BTC, EOS, etc.) really be as affected by an American stock market crash?

Well it could be a self fulfilling prophecy ... in that the rush to cryptos crashes first the NASDAQ then the DOW and as momentum builds with fear being a stronger driver than greed - and the dominoes do fall.

Gold is joining the party

  ·  7 years ago (edited)

"Who would have thought that watching the whole system burn to the ground could be so much fun?"

It's all fun and games until people start starving. Then I hope everyone is ready for what comes next. Got physical security?

Edit: I self upvoted to raise past spammers.

Best market of all markets

I put alot on silver and it needs to go along way before I am in the green again..

It's all about that cryptos, gold and silver :)

tenxx baby

Actually thinking about pulling mine out of stocks here soon it honestly is overdue for a big crash and i'm not really up for risking my money in stocks anymore. Much rather risk it on crpto ;) Which honestly also seems to be on the minds of many here lately.

It's had a great run hasn't it! I am still in, don't trust myself to be able to time the market :-)

Brother, self-manage your psychology by dollar cost averaging and selling out of your positions over time.
No matter the timing, you'll have done something right in the final analysis.
That's my move, I hope it serves you as well.

Don't miss the melt up! Tech and bio tech will soar, with (as always) the possibility of a correction along the way

How can you tell how much money has actually been put into crypto? Rather than just the rise of the market cap?

Physical precious metals are how I roll (figuratively and literally). I've been burned in the mining sector and I do not entirely trust cryptos (though I've dabbled a bit).

I look at cryptos a "joining the fight" against the banksters and manipulators. A 2-pronged attack is always better than one.

DothDollar3.jpg

Haha nice pic!

Great post as usual, I posted this on a few other posts today but basically my buddy works with a few top level investors in San Fran at a hedge fund. He told me last week they had a meeting with everyone just on how crypto is rising. It was said in an article he told me was shared and some charts that just in 2017 alone, over 1 billion in traditional investments have been pulled and on average 40 cents on each dollar is being poured into cryptocurrency investing. We are gaining speed, breaking through ceilings!

Over 90% of the market is shared by BTC and ETH so all other altcoins are worth pennies comapring to what they will be wort when this value will start transmiting to their markets and market pairs. BTC ecosystem is now on hold because of the updates and coming fork thats the only reason WHY MARKET GET BACK TO OVER 120BLN BUT PRICES DIDN'T

peoples need to come down and understand that this BTC crash thats coming is BBC fantasy and pure try to make sensation out of nothing, they say that from 7 years

Upvoted, re$teemed & following!

This nice information

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As more and more people are waking up to embrace cryptos, money will continue to leave other financial buckets and enter into the crypto space. This rebalancing act will continue until the average Joe on the street begins to volunteer information on the latest ICO news.

Wow, all I can say is "holy crap Batman" . And to think I was going to talk with my CU about getting into Stocks. Glad I didn't just yet.

This is what i call total disruption for financial institutions
We shall witness the frenzy
very informative.

gold and silver are useless, just keep some crypto.
Better have money on crypto than banks.

When will we see silver at 20 buuuuucks??? i neeeeeed dat

20 bucks is nothing. Silver will hit $100 before 2020 in my opinion.

It's already $20 here in canada. I'm hoping for silver $25.

Are you holding physical silver?

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Useful reading as always @dollarvigilante

The one month gold chart is kind of worthless.

Thanks for sharing Dollar Vigante.

Yes obviously investment in cryptocurrency is highly profitable though it is very volatile and risky. More people are coming in this market. Its market capital increased by more in coming years.

thank you

good this

That's really interesting how the stock market has lost millions over the last 10 weeks and cryptos are being invested by the same amount of millions overthe same 10 weeks. It is obvious that the money is being taken out of the stock market and being put into cryptos. I love reading your posts dollarvigilante! You and steemit/bitcoin are giving me hope for the future! Keep posting! You have lots of quality fans and followers!!

It's about time...

A Different View Of Why Bitcoin Will Hit 1 Million Sooner Than We Think! -

About a year ago, Bitcoin was $2 billion. Today it is 75 billion + 9 billion. Prepare for the next Segwit2x new coins in November now. Just buy bitcoins and keep your private keys offline, then reap the benefits in December.

LETS GOOOOOO! CRYPTO AND PMs all day. Sound money.

I always liked Jeff for being so open minded and being able to quickly adopt to new situation and power shifts on any kind of market. Thanks for so many interesting news and years of work. Dollar Vigilante is one of best channels on YouTube about the cryptocurrency.

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Guys, please upvote I will do the same in return.
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when i start making money here on steemit, ill be sure to subscibe to your newsletter jeff.keep it up, maybe one day i can go to anarchulpoco

공감

Hi @dollarvigilante! Thanks for the great post! Thanks for sharing the info. I guess we can't ignore gold as well haha

the dollar is in a downward trend and it's losing value and everybody is in crypto currency hoping gain on its upward trend.