Topic: Why you should hold out for a new ATH before selling ANY bitcoin! - page 2. (Read 1292 times)

US Stocks have been inflated for a while, price/earning ratios quite a bit higher than historical norms, so a correction has been overdue.

 The China market meltdown seems to have been more a "trigger" for a correction elsewhere rather than an actual cause for a meltdown anywhere else.

Equities have essentially done fuck all right through 2015 and ended the year down.

First week into January, and they have all corrected horribly, on the back of some rather nasty bearish market structure left over from the latter part of 2015. We are coming into a Fear cycle for sure, which in the past has always seen wealth flow into hard assets such as commodites, which 'surprise surprise' are all currently at their absolute depths and bottoms, nicely timed for institutional investors to buy on the cheap, whilst 'maw n paw' continue to put their savings into equity investments, teetering on the brink of their parabolic tops.

Could Bitcoin be seen to be a 'hard asset'? I suppose it could.

However, I would imagine the first stop for wealth fleeing crashing equities, will be plain old Fiat, and the King of Fiat is the USD. Problem with a lot of assets, is that the economy has to be turning and producing demand in order for hard asset investments to be profitable and:

a) that aint happening
b) we are still in a phase of 'overproduction' due to hard assets ramp circa 2010-2013.

With that said, the USD Index has already seen a huge move up over the past couple of years.....can it really keep on going? The answer to that question will be the answer to when/if hard assets are about to get a bit of rampy rampy action.

No one can predict that... so maybe we will reach ATH sooner/later/never....

Besides China, what other global markets are crashing ?

World stock markets are heading for MAJOR crash, back to late 80s early 90s levels

https://youtu.be/Ix1RVpYyx-s#t=5m20s

Bitcoin is gonna swallow a lot of this fleeing wealth. New ATH within 18 months guaranteed.