Where's the Money From the Cryptos Market Going? CASH?

in #bitcoin7 years ago

So, the bloodbath continues, with Bitcoin now around $3350.

So, I wondered, where's the money going?

Sauntering over to MarketWatch, none of the US markets are up significantly, and neither is crude. So, it's not like money fled from cryptos to stocks:

Same with other markets, like Europe:

Asia:

The Bond Yields are a little higher, so no one is seeking the perceived safety of Debt:

The Dollar Index is also down, so people aren't buying it:

Gold prices are still around $1300.

And the same with Silver Prices around $17. No money shifting there either.

So, my only guess is that money has fled to CASH. Meaning, the money is sitting on the sidelines waiting for a place to go.

Let's look at it -- all the markets are going sideways, with not much movement up or down. Except cryptos. But that money isn't going into any of the other markets, so that leads me to believe that the CASH is just sitting there waiting for the big upturn.

It's like it's building tension and is getting ready to release. When? Who knows! But I have a feeling that it's going to swing up real quick, so, if you haven't already sidestepped onto Tether, or cash, yourself, this may not be a great time to do it anymore. And if you have, I recommend you keep tabs on the market to execute your reversal quickly once the green starts coming in.

Just some thoughts. I'd love to hear yours.

Good fortune, and as always, thank you for sharing your Light with me.

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great! keep your great work