US Stock Market Outflows Over $30 Billion, Crypto Market Up $46 Billion in the Same Amount of Time!
Hold Tight Folks the Wall of Money is Approaching Our Sector.
-Investors have pulled $30 billion from U.S. stock funds over the last 10 weeks, Bank of America Merrill Lynch says.
-The latest week of outflows marks the 10th straight week of withdrawals, the longest in more than a decade, and internal positioning changes also indicate investors are becoming more defensive, the report says.
-The outflows occurred despite the S&P 500's nearly 1 percent gain this quarter and a record high on Aug. 8.
Compare the US Stock Market to the Crypto Currency Market.
Stock market $30 Billion down in 10 weeks. Crypto market $46 Billion up in the exact same time. This trend looks like it will continue. CNBC reports that the money is flowing into Asia and other markets but we know that some of it is coming our way as well.
Every wealthy person I know has contacted me about Crypto. I regularly receive private messages from uber wealthy people who want to put a chunk of their money in the Crypto Currency sector but they don't know how. I have helped so many people open and fund their first Bitcoin wallets.
The wealthy people were just the beginning. The real money is the millions of people with a smaller amount to invest and the funds that invest their capital. That money will be arriving soon. So for anyone out there that still thinks we are in a bubble, they have not seen anything yet. Sure Bitcoin might drop 20-30% for a few weeks or months but the sector will continue its long term upward trend.
It looks very promising for the Cryptos. Tons of billions of money in low yielding bonds that wants some explosive growth. The trend is going to be self reinforcing as more and more wealthy persons go into digital currencies.
Total market cap is looking solid in the crypto world. This past weekend was a big weekend for some of the alt currencies. Exciting times ahead. There are still plenty of people who don't know about the crypto market. More and more new money should be entering everyday.
Nice lets rude with it :)
Oh I am waiting for that 20-30% drop in price with such anticiption! :)
me too;-)
This is me right now:
This is very interesting ;-)
What are your thoughts on 'Ghost month' and the effects on cryptocurrencies? Will the Chinese take a step back in the coming weeks?
I have never heard of it @Cryptotem
'Ghost Month' is basically considered bad time to invest by East Asian countries...this year it is between 22nd August till 19th September.
Great tip! It sounds like it will be a good time for me to just trade my BTC until the ballers come back.
Beep beep. Hi @hilarski!
You have used tip! in your comment - that`s my magic word for sending tips ;)
Click here if you wish to learn more!
Thats pretty insightful actually! Do you have a good link to info in English about this maybe @vj1309 ?
Here is the link for more details.
Thanks for elaborating @vj1309! :-)
here is a bit of background and potential opportunities
https://steemit.com/cryptocurrency/@felander/ghost-month-is-trading-affected-opportunity-or-fud
I like how you say "Sure Bitcoin might drop 20-30% for a few weeks or months..." casually, cos you know, it's crypto and that's a regular day in the office for us. 😁
Exactly @Choogirl. The wild swings are just part of the game. You have to come to our Decent.Bet launch party on September 23rd here in PTY!
Oh cool. Let me know the deets. Are you writing a post about it? Or you can DM me in steemit chat/ discord.
Here is the ICO info but the location for the party has not been set yet. https://steemit.com/ico/@hilarski/our-house-is-your-house
Thanks. I'm not into gambling but this does actually look quite look cool. I'll keep an eye out for more info.
i actually don't know a better investment than cryptocurrencies!
And soon, all people will realize it.
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I just want siacoin move up :)