Ed Moya – A Focus On The Bitcoin Crash Over The Weekend
Ed Moya, Senior Market analyst at OANDA joins us for a focus on the cryptocurrency sector after the big drop in prices that started later in the day on Friday. We discuss sentiment and key drivers to Bitcoin. Plus is Bitcoin an inflation hedge?
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the amount of coins makes the value more obvious…there is very little value here. the end will not go well for those conned by this mania.
Great segment.I heard the word”millennials”….Thanks ex.and Ed.ive spent a lot of time studying Demographics.I believe the millennials/gen Y/Gen/next ..whatever term you choose to call them..(1980-1994).or.(1981-1996),,,arguable!! are the main force fueling the crypto craze.The boomers are dropping ..like flys.. literally.The” Millennnials”are 90million strong approx.US/Canada…and aren’t going away anytime soon and particularly Do not like many of us..the boomers.I believe they will be theforce in the near future … so be nice to them…lol…cheers..
Thanks Ann! Yes, as for generational segments post Boomers; the Gen Xer’s (the lost and forgotten generation I belong to) are generally considered (1964-1980), and Millennials are (1981-1996), then there are the Generation Z (or Gen Next) that is (1996-2012). Each segment has their own perks, quirks, strengths, and weakness, but yes, after the Boomers the Millennials are the next big segment that will be shaping trends more so than the Gen Xers or Gen Z’s.
Hey Ex.Im a boomer…made it in by a couple years.Interesting that your generation is referred to as Gen X/ the lost and forgotten. We used to refer yours as Gen x/ baby busters.we referred The lost generation 1890-1995…and there is apparently a handful still living .In the big pic…of things.really doesn’t matter does it.Lol.Anyways,I now stand corrected!!
Meet the typical Gen Xer, America’s ‘forgotten middle child’ who earns more than everyone else but has the most debt at $136,000
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Hillary Hoffower and Andy Kiersz – Nov 5, 2021
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– Gen X may best be known as America’s “middle child” or the “forgotten generation.”
– In the midlife stage, they earn more money but also have more debt than other generation.
– They’re also dealing with stress as they juggle working with caregiving.
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“Born between 1965 and 1980, Gen X has fallen to the wayside of the media darlings they’re bookended by — millennials and baby boomers. But Gen Xers are part of a resilient generation that’s expected to outnumber boomers in 2028. ”
“They came of age as “latchkey kids” and, as adults, experienced three recessions and a technological transformation from the dot-com boom to social media. Now turning ages 41 to 56 this year, America’s “middle child” is in the middle of it all — mid-age and mid-career, juggling jobs with taking care of both children and aging parents.”
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https://tinyurl.com/2p8buaj9
Bitcoin dropped 30% in a month, here’s what’s next – Gareth Soloway Updates Gold, Stocks, Crypto
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Kitco News – Dec 6, 2021 #TechnicalAnalysis
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0:00 – Bitcoin’s recent moves
9:19 – Stock market correction
13:55 – Bitcoin price outlook
16:32 – Natural gas
18:20 – Gold
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https://youtu.be/AjmpznRmAIQ
Interesting…markets go down…Bitcoin follows and goes down. And visa versa.simple!!
Bitcoin doesn’t sound like much of a safe haven if that is the case. I wonder what would be …?
Agreed Lakedweller2. Bitcoin and the cryptocurrencies are really tech companies and speculative trading instruments, and while they get promoted as “safe havens” or an “inflation hedge” or “gold 2.0” the extreme swings in volatility to the upside and downside say otherwise. Something that can drop 40% in a few weeks is not “safe” or a “haven” or a “store of value”.
However, if one listens to the growth stock guru Cathie Wood, then Bitcoin it going to a half a million dollars…. 🙂
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Cathie Wood’s $560,000 Bitcoin call is now a 988% upside play — here’s how to take advantage of the cryptocurrency’s slide
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Jing Pan – Tue, December 7, 2021
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https://www.yahoo.com/finance/news/cathie-wood-560-000-bitcoin-212000464.html
CBDC and Gold. That’s it!