After a nice Bull run The Dow Jones Industrial Average has had a rough few weeks. Cryptocurrency is currently undergoing a correction. Could there be a correlation between the two investment worlds We need to be cautious Using vague terms like bull and bear markets when crossing over into every investment space. The main reason behind this is that cryptocurrency within the course of its amazing 2017bull run saw gains of well over 10 xs. If you put $ 1,000 in the start of 2017 into Bitcoin you’d have made over $. Stock investing has not experienced anything like that. In 2017 approximately 23 percent increased.
I’m really careful Say what you want them to say; because I realize that you could make the numbers when reviewing graphs and data. 2018 has seen a correction, as crypto saw gains in 2017. Is that we will need to attempt to be objective in our comparisons. Many that are new to the camp that was Bitcoin revolution bot are shocked at the crash. Was these early adopters purchasing Limbos and were becoming rich. As a result of skyrocketing prices over the past two months, this market correction has been obvious to more dealers. People were made millionaires by digital currencies. It was evident that they’d want to take some of that profit. Another factor I think we must think about is the addition of futures trading. Personally, I believe there are forces at work here headed. I also see futures trading and the excitement around crypto ETFs as positive steps toward creating crypto mainstream and considered a real investment.
Having said that, I started to think, What if somehow there is a link here What if news on Wall Street affected crypto markets such as Finance and Coin base Can it cause them to fall on the exact same day Or what if the reverse was true and it induced crypto as people looked to park their cash, to increase In the spirit of not Trying to stay as objective as possible and to skew the numbers, till we saw a playing field I wanted to wait. This week is about as good as any as it signifies a time period when corrections were seen by both markets. For those unlike the stock exchange, with trading, the trades never close. I have traded shares for over 20 years and know all too well that feeling where you are sitting around on a lazy Sunday afternoon thinking,
Really wish I Could exchange a position or two right now because I know when the markets open the cost will change significantly. That Walmart-like Availability may lend. With the stock exchange people have an opportunity to hit the pause button and sleep in their conclusions to get the equivalent Of a 1 week cycle, I took the 5 to the DJIA and trading data’s 7 days.