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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (20130)	10/13/2017 12:23:51 PM
From: John Pitera	2 Recommendations Recommended By roguedolphin sixty2nds Read Replies (2) \| Respond to of 33421

Why invest in anything else when Bitcoin goes up 15% each week, except for the bad weeks when it only goes up 5%? too funny .... 16 months ago, investors were debating how to get any return with the a wave of global negative interest rates in progress and worsening... emerging markets getting beaten up very badly, King Dollar was on top of the hill. and the US stock market had gone through a 2 to 3 years sideways move . various stockmarket sectors particularly the energy sector had a very massive bear market from September 2014 with prices at WTIC at 107 and collapsing all the way to $26.05 in Feb of 2016. Today we have consumer confidence at a 13 year high and a reading that was over 100 Now bitcoin is going up exponentially, many of the main cryptocurrencies are doing the same thing Cryptocurrency mining is a gold rush industry in 2017 and several of the chip companies, such as AMD and NVDA are getting huge demand from the legions of cc miners. The NVDA GPU's generate less heat and are more energy efficient helping lower electrical consumption, 1 of the main cost drivers of Cryptocurrency mining this post has charts of the Semiconductor ETF - SMH with daily, weekly and Monthly charts. The 20 year monthly chart is a very, very dizzying chart to behold. We have one heck of a speculative euphoria going on... and the Bitcoin will grow large enough that when it has a major correction it will force assets sales in other risk markets and bingo that will be the bigger market correct.... that many people have been wonding about. Message 31299674 We have had a very impressive performance by the US stockmarket, especially since the November election as DJT points out to us occasionally on his tweets. There are even other US Governmental officials that are citing the $5.7 Trillion dollar advance in the US stock market capitalization as verification that the administration's policies are having a tangible and positive impact on the economy. John PS. Elroy, why do you think Bitcoin cash is just sitting there are $300 and not really moving