Sunday, 2 July 2017

Find why People selling gold to buy bitcoins....




As per the latest reports of Giant magazine Forbes, it has been found that bitcoin once again came out of the blues beating down not only the gold but also shares and bonds.

In the first two quarters of 2017, the increase in price of bitcoins was over 200% while the other two recorded a minimal increase in single digits only.


To be precise bitcoins jumped upto a 220.59% whereas gold, stocks & bonds got below 10% increase in price, & this data is of only first six months of the year 2017, while experts are forecasting something really huge in the later half of the year.


Lets have a look at it in detail

FundYTD Performance
SPDR Gold Shares (GLD)+7.68%
Bitcoin Investment Trust Shares (GBTC)+220.59
SPDR S&P500 (SPY)+8.17
iShares 20+ Year Treasury Bond (TLT)+6.13
Source: Finance.yahoo.com 6/30/2017

Apparently, the ongoing frenzy & love for Bitcoin and other digital currencies has all the elements of a bubble. Bitcoins is said to be an exotic asset that comes with big advantages—a better hedge against global uncertainties than conventional hedges like gold.

If I am not wrong its a convenient medium of payment around the globe with a limited supply of around 21 million.  

Yeah its true that there’s been an investor hype towards it like anything, more and more investors are becoming familiar with the digital currency, and are actively starting  to invest in bitcoins via trusts like GBTC.


LEARN ABOUT COINBASE


Senior experienced Investors who have been around Wall Street long enough know all too well that when money becomes tight and investment promises aren’t fulfilled, bubbles and manias end up, millions made are lost much faster than they came.

I don't want to frighten anybody but it's a brutal fact of the money market, all it takes is a big investment scandal that will cool off the hype for the digital currency or a big jump in interest rates that will cut off the air that fuels this bubble and many others on Wall Street.

KNOW ABOUT BITCOINS IN & OUT ! SHOP HERE....