Crypto for the long term: what’s the outlook?

MarketWatch2021-04-16

It hasn’t proven itself as an actual currency yet, but it’s still in what one expert calls the ‘innovator’ stage ISTOCKPHOTO As cryptocurrencies take a big step into adulthood this week with the ...

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Comments

Thomasyush
2021-04-16
Thomasyush
No one talking about coin base. After 2 day ipo.Before daily maje headline news. Lol
TripleWin
2021-04-16
TripleWin
Crypto big market
KTX
2021-04-16
KTX
Like and comment
- KTX:
  Thabjs
- jijimo:
  Commented
Navybean
2021-04-16
Navybean
it will probably take a long time for this new asset class to play out, for people to understand what it is and find different ways to invest in it and for it to become a medium of exchange.
- MayTan:
  True!
- redbean:
  agreed!
Qkuca
2021-04-16
Qkuca
Good article
Dericosan
2021-04-16
Dericosan
Useful info.

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A pair of financial-markets experts weighed in on that question at the MarketWatch-Barron’s event Investing In Crypto, held Wednesday.\nKatie Stockton, a market technician and founder of Fairlead Strategies, noted that technical analysis shows a trend that’s “clearly higher” for the price of Bitcoin.In hindsight, we can see that the lows in 2018 and 2020 served as a massive double bottom, she noted.\nAfter taking out its 2017 high, Bitcoin jumped above $34,000, and “hasn’t looked back since then,” Stockton said. New all-time highs are a good thing in the long term, she said, and the minor breakout is a good thing, short-term, suggesting a measured move up to just over $69,000. However, the loss of upside momentum means the uptrend should become more gradual.\nBryan Routledge, a professor of finance at the Tepper School of Business of Carnegie Mellon University, noted that cryptocurrencies have several use cases. 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Traders would say it’s something they can take advantage of,” even as long-term investors have to hold their stomachs through the chop.\nBitcoin was meant to be decentralized but the financial industry that’s grown up around it makes it more centralized, a moderator observed. It’s “stunningly” centralized, Routledge agreed. 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Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370651954","repostId":1196603230,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370161413,"gmtCreate":1618563406932,"gmtModify":1704712782923,"author":{"id":"3577489740102994","authorId":"3577489740102994","name":"TripleWin","avatar":"https://static.tigerbbs.com/36f6d7690fd546416bd6f74b156c218f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577489740102994","authorIdStr":"3577489740102994"},"htmlText":"Crypto big market","listText":"Crypto big market","text":"Crypto big market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370161413","repostId":1196603230,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370115885,"gmtCreate":1618562142347,"gmtModify":1704712760051,"author":{"id":"3571482211918385","authorId":"3571482211918385","name":"KTX","avatar":"https://static.tigerbbs.com/f7d2d6c9788fbae7ed024ed5ba7c58e4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571482211918385","authorIdStr":"3571482211918385"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/370115885","repostId":1196603230,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4054690,"gmtCreate":1618587658936,"gmtModify":1680784361234,"authorId":3571482211918385,"author":{"id":3571482211918385,"idStr":"3571482211918385","authorId":3571482211918385,"name":"KTX","avatar":"https://static.tigerbbs.com/f7d2d6c9788fbae7ed024ed5ba7c58e4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370115885,"type":1,"supId":4051931,"prevId":0,"content":"Thabjs","text":"Thabjs","html":"Thabjs"},{"id":4051931,"gmtCreate":1618563101906,"gmtModify":1680784319236,"authorId":3577075923922212,"author":{"id":3577075923922212,"idStr":"3577075923922212","authorId":3577075923922212,"name":"jijimo","avatar":"https://static.tigerbbs.com/22bac6d28b6513739fc962def9c071bd","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370115885,"type":1,"supId":0,"prevId":0,"content":"Commented ","text":"Commented ","html":"Commented "}],"langContent":"EN"},{"id":370116985,"gmtCreate":1618561960747,"gmtModify":1704712755943,"author":{"id":"3563946272109058","authorId":"3563946272109058","name":"Navybean","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":5,"crmLevelSwitch":0,"idStr":"3563946272109058","authorIdStr":"3563946272109058"},"htmlText":"it will probably take a long time for this new asset class to play out, for people to understand what it is and find different ways to invest in it and for it to become a medium of exchange.&nbsp;","listText":"it will probably take a long time for this new asset class to play out, for people to understand what it is and find different ways to invest in it and for it to become a medium of exchange.&nbsp;","text":"it will probably take a long time for this new asset class to play out, for people to understand what it is and find different ways to invest in it and for it to become a medium of exchange.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/370116985","repostId":1196603230,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4064960,"gmtCreate":1618724909269,"gmtModify":1680784517723,"authorId":3573019619191060,"author":{"id":3573019619191060,"idStr":"3573019619191060","authorId":3573019619191060,"name":"MayTan","avatar":"https://static.tigerbbs.com/808e2dbe5d70103ebf181c1496a31644","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370116985,"type":1,"supId":0,"prevId":0,"content":"True!","text":"True!","html":"True!"},{"id":4052164,"gmtCreate":1618565187207,"gmtModify":1680784315114,"authorId":3560049684041165,"author":{"id":3560049684041165,"idStr":"3560049684041165","authorId":3560049684041165,"name":"redbean","avatar":"https://static.tigerbbs.com/4c4b9022f28e75fac7cef2adc0d76af8","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior 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article","listText":"Good article","text":"Good article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370111102","repostId":1196603230,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370137756,"gmtCreate":1618561528975,"gmtModify":1704712749457,"author":{"id":"3579513529989849","authorId":"3579513529989849","name":"Dericosan","avatar":"https://static.tigerbbs.com/4f54180497f380f7adb2016b17c52df0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579513529989849","authorIdStr":"3579513529989849"},"htmlText":"Useful info.","listText":"Useful info.","text":"Useful 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