Light at the end of the tunnel?
2018 has been a challenging year for crypto, but there may be some light at the end of the tunnel.
Bitcoin is down close to 80% for the year, while most altcoins are down over 90% for the year.
However, the carnage hasn't only been exclusive to crytpo assets.
In fact, 2018 was a negative year for just about all asset classes.
Check this out:
(Source: https://twitter.com/Travis_Kling/status/1076660659759300611)
A record number of assets have seen negative returns for the year.
A record that goes back over 115 years!
While most haven't been hit nearly as hard as crypto, it is telling what kind of year it has been for risky assets.
Considering the stock market is just starting to roll over while bitcoin and the like are already down 80%+, there may be a decent argument to make that crypto will likely outperform most other assets next year.
If I am looking at charts of the S&P 500 and bitcoin, I know which would I would rather be buying here and which one I would rather be selling here.
Stay informed my friends.
Follow me: @jrcornel
Go Crypto Go!
👍😋👍
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To the moon! Eventually.
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Interesting trend indeed! When crisis comes, all asset classes become correlated so many should be on the lookout to protect their capital first then think of growing.
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Correct. Gold is catching a bid as of late. Perhaps bitcoin will serve as a safe haven as well.
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As the traditional financial markets struggle in 2019, I don't think investors will pile into a crypto industry that has tanked in the last year. They should, but the masses are not yet educated enough nor do they know how to properly value crypto assets.
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They won't have to pile in. Just a little bit of buying might be all it takes to outperform stocks next year.
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To answer this question, we must know what is an asset.
And this is not an easy question, because in the near future, what we value today, will not be what we value at the end of the next year, or the next decade.
To give some radical views:
Gasoline will no longer be sold.
Imagine that most groups of people keep one or two cars. And gasoline, as a fuel decomposes, so it is rather lousy over the long term. Further, oil may be considered too valuable to waste on (sniff) gasoline.
Gold goes to its intrinsic value, a pretty rock.
In america, gold is touted as a barbaric relic. And, as people learn that its only the rotschildren who have gold, and are paying in gold, many people will just continue to not think of gold as money.
The US$ goes to its intrinsic value
There are so many forces looking to kill the FED note. But, it all comes down to confidence, and that is quickly eroding. We will see FED notes turning into pretty crappy toilet paper... but, will it happen in 2019?
Will bitcoin finally die?
That is a tough question. My feelings are no. And that we will be using cryptos as an exchange medium for the foreseeable future. But, this is speculation.
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Lets just think of next year and traditional assets, unless you expect the financial system to blow up sometime within the next 12 months.
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By the end of next year.
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Absolutely! I'm 100% certain that most coins will make gains at the end of next year.
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I would not be surprised if the top 100 coins are all higher than this by end of next year.
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BTC/USD is halfway through a classic Slingblade pattern. Target $5k
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What is your time frame for this playing out?
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if that scenario works well in less than one week.
in my recent post I talked about it
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Looking forward to it.
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Financial growth this year has been slow probably due to there being a lot of risks, like near declaration of war and trade wars, bunch of their stuff etc...
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QE stopped, rising interest rates, trade wars, government shut downs, currency crisis's... to name a few. :)
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See what I mean, no wonder it’s been a bad year for crypto hope 2019 brings something more important
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They are so oversold at this point, most are due to bounce at least a little.
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