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 ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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.

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1196603230?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-04-16 15:56","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1196603230","market":"us","top_or_hot":-1,"title":"Crypto for the long term: what’s the outlook?","media":"MarketWatch","content":"<div>\n<p>It hasn’t proven itself as an actual currency yet, but it’s still in what one expert calls the ‘innovator’ stage\nISTOCKPHOTO\nAs cryptocurrencies take a big step into adulthood this week with the ...</p>\n\n<a href=\"https://www.marketwatch.com/story/crypto-for-the-long-term-whats-the-outlook-11618505367?mod=home-page\">Source Link</a>\n\n</div>\n","source":"lsy1603348471595","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto for the long term: what’s the outlook?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto for the long term: what’s the outlook?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 15:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/crypto-for-the-long-term-whats-the-outlook-11618505367?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It hasn’t proven itself as an actual currency yet, but it’s still in what one expert calls the ‘innovator’ stage\nISTOCKPHOTO\nAs cryptocurrencies take a big step into adulthood this week with the ...</p>\n\n<a href=\"https://www.marketwatch.com/story/crypto-for-the-long-term-whats-the-outlook-11618505367?mod=home-page\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GBTC","symbol_name":"Grayscale Bitcoin Trust","start_time":0,"source_url":"https://www.marketwatch.com/story/crypto-for-the-long-term-whats-the-outlook-11618505367?mod=home-page","article_id":"1196603230","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1196603230","pubTimestamp":1618559780,"columns":[],"sourceInfo":{"source_id":"lsy1603348471595","name":"MarketWatch"},"weMediaInfo":null,"summary":"It hasn’t proven itself as an actual currency yet, but it’s still in what one expert calls the ‘inno","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","PYPL":"PayPal","SQ":"Block","COIN":"Coinbase Global, Inc."},"translate_title":"长期密码：前景如何？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":0.9,"BTCmain":0.9,"XBTmain":0.9,"GBTC":0.9,"PYPL":0.9,"SQ":0.9},"content_text":"It hasn’t proven itself as an actual currency yet, but it’s still in what one expert calls the ‘innovator’ stage\nISTOCKPHOTO\nAs cryptocurrencies take a big step into adulthood this week with the trading debut of broker Coinbase on Nasdaq, it may be time to consider their long-term outlook. 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. Most importantly, they represent an investment in a new technology, and one that has important implications for the economy in the future.\nThat’s happened before — think of the dot-com bubble of two decades ago, Routledge said. But now, investing in the new technology has generally not involved investing in a new company but buying a new asset.\nIn the analogy to the dot-com era, there are lots of failed companies, he noted. As of now, one of the use cases often discussed for cryptos — as literal currencies — hasn’t really come to pass yet.\nBitcoin is often compared to gold for fundamental reasons, but there are some technical ones as well, the moderator commented.\nSince last August, when gold peaked and Bitcoin broke out, gold has been down six out of seven months, while Bitcoin has been higher in six out of seven months, Stockton said. She theorizes that Bitcoin might be viewed as a store of value now, while gold hasn’t been helped by a stronger risk-on attitude in the markets.\nThe steep uptrend suggests Bitcoin is more of a risk asset, for now, but it seems to be stealing buyers from gold, Stockton noted. From the perspective of the hedge fund community, it’s a “welcome” alternative asset class, she said.\nWith that in mind, it’s still early days for Bitcoin and cryptocurrencies more broadly, Stockton said. “I think we’re probably still in the ‘innovator’ stage, which represents  opportunity, but it does often come with volatility.”\nIt’s hard to forecast when the volatility will die down, she said, but “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. 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. People usually aren’t buying bitcoins, they’re buying liabilities often run through Coinbase or other go-betweens, he noted.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":370651954,"gmtCreate":1618582312278,"gmtModify":1704713083601,"author":{"id":"3555233780138362","authorId":"3555233780138362","name":"Thomasyush","avatar":"https://static.tigerbbs.com/02279fb9bf50cf276fc64cd9d33d94f5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3555233780138362","idStr":"3555233780138362"},"htmlText":"No one talking about coin base. After 2 day ipo.Before daily maje headline news. Lol","listText":"No one talking about coin base. After 2 day ipo.Before daily maje headline news. Lol","text":"No one talking about coin base. After 2 day ipo.Before daily maje headline news. 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,"authorIdStr":"3577489740102994","idStr":"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,"authorIdStr":"3571482211918385","idStr":"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,"authorIdStr":"3563946272109058","idStr":"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 Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.05.30","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":370116985,"type":1,"supId":0,"prevId":0,"content":"agreed!","text":"agreed!","html":"agreed!"}],"langContent":"EN"},{"id":370111102,"gmtCreate":1618561817506,"gmtModify":1704712753991,"author":{"id":"3581385014673304","authorId":"3581385014673304","name":"Qkuca","avatar":"https://static.tigerbbs.com/69a0785cbfa53d9d0452a1870c401782","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3581385014673304","idStr":"3581385014673304"},"htmlText":"Good 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,"authorIdStr":"3579513529989849","idStr":"3579513529989849"},"htmlText":"Useful info.","listText":"Useful info.","text":"Useful info.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370137756","repostId":1196603230,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":33,"commentSize":16,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1196603230"}