BitcoinShort
BTC compared to the world
Do people still want to hedge using BTC rather than XAU?
This post is not intended to diss anyone, but I really need your thoughts.
Couple stats below for 26/9:
Dollar index: 114
Euro Index: 100
Bitcoin: 19,200
Gold: 1,620
EURUSD: 0.96
Nasdaq: 11,200
Today:
Dollar index: 104
Euro Index: 103
Bitcoin: 16,800
Gold: 1,780
EURUSD: 1.0630
Nasdaq: 10,980
Disregarding the big bull runs that in my opinion are heavily influenced by unlimited printing of money in the past years, when reality kicks in, BTC is starting to settle to what it's supposed to look like, which acts as a leveraged product where I expect it to drop and settle even more, and will be problematic if DXY rises again.
It is my opinion that DXY dropped $10, but BTC failed to see a rise, unlike XAU or other currencies compared to USD.
This means to me that the price of BTC has still not settled to where it's supposed to be and is headed for a drop (without getting technical about it).
What do you all think? Would love to hear from others.
This post is not intended to diss anyone, but I really need your thoughts.
Couple stats below for 26/9:
Dollar index: 114
Euro Index: 100
Bitcoin: 19,200
Gold: 1,620
EURUSD: 0.96
Nasdaq: 11,200
Today:
Dollar index: 104
Euro Index: 103
Bitcoin: 16,800
Gold: 1,780
EURUSD: 1.0630
Nasdaq: 10,980
Disregarding the big bull runs that in my opinion are heavily influenced by unlimited printing of money in the past years, when reality kicks in, BTC is starting to settle to what it's supposed to look like, which acts as a leveraged product where I expect it to drop and settle even more, and will be problematic if DXY rises again.
It is my opinion that DXY dropped $10, but BTC failed to see a rise, unlike XAU or other currencies compared to USD.
This means to me that the price of BTC has still not settled to where it's supposed to be and is headed for a drop (without getting technical about it).
What do you all think? Would love to hear from others.
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