RE: EOS is leading - comparing crypto charts to determine future valuations by rollandthomas

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btc · @rollandthomas · Apr 29 '18

Great post and comparison.  If you are a day trader, you take some profits off the table.  If you are a long term holder, you buy on the pull back.  The space is very volatile, I expect more crashes as we continue to make higher highs over time. 

Do you think the Crypto space will crash with the Markets?  I would invest more, but I'm see a correlation between Crypto and the Markets.

![](https://steemitimages.com/DQmZY9TZiuMuovsaejjGtEuJ62n4mmMgoKbJU6bqH2KKuhq/image.png)

NOTE: Bitcoin represents the candles and the DOW represents the blue area.

What are your thoughts?

👍 cannonball6

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@ew-and-patterns · Apr 29 '18 (edited)

$14.36

There might have been a correlation in the past, but do you think that if the DOW and any other major index crashes, cryptos would crash too? I think crypto will boom like crazy when the everything bubble bursts.
The money needs to go somewhere. Holding cash is too expensive in a high inflation or crash scenario.

👍 ew-and-patterns, criptoar, penghuren

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@rollandthomas · Apr 29 '18

That makes sense to me and logically that's what I would expect due to the reason why Bitcoin was created, I guess we shall see soon.

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