Markets 1
Well, one good way to find out the direction of the market is to look at the other elements of the market.
- 10 year bond yield
- Debt market
- Crude oil
- Gold & Silver
- DXY & the DXY relationship to other forex currencies
Let's take a look at them.
the US Dollar
Sooner or later, the dollar will go up.
That's when Bitcoin will go down.
Bitcoin moves opposite of the dollar.
Crude oil is important because it keeps the economy going. If you hear news on the news that some oil rig exploded or they blocked the Suez Canel for oil, they want crude oil to go higher. Crude is the number one thing that props up the stock market. If crude goes down, the whole market goes down.
Silver is the most undervalued asset. Buy it up.
10 year bond yields
Today, there was a spike in the 10 year bond yields.
Debt Market
To understand the kinds of debt market, read this.
Understanding Different Types of Debt Securities in Debt Mutual Funds
Greetings @ gungho
Very interesting post you share with us , I hope to be able to follow some of the observations raised to better understand the moves and be able to make some moves with cryptos .
Thank you very much for sharing
Sure~
No problem.
와... 영어선생님은 이 분야에 전문가이시군요. 무슨 뜻인지는 몰라도 감탄합니다.
제가 다음 포스트에서 한국어로 쓰겠습니다.
Yes there are many factors playing with these types of markets @gungho. What is important is BTC remains bullish.
By the way, TRX seems to not reflect in the wallet section when I claim the rewards, I wonder why? :|
That's simple @cryptopie. Justin knew about the crash, so he blocked the tron wallet in order to buy the dip. Perhaps the tron in our Steemit wallet is being controlled to a certain extent. He can turn it on and off. You can even push the wrong button (create new tron account) and it goes to zero. He purposely designed the wallet that way. I'm assuming the numbers that we see in our steemit/tron wallet are just "numbers" and not the actual coins itself. Do you know what I mean? He's got a pool of tron coins that drain out, so that normally when we claim our tron rewards, it would go to our tron wallet. But he can turn that pool on and off and then use those "pool coins" for whatever purpose he has, in this case, he bought the dip. Or he sold the coins in the tron pool, and plans to rebuy back cheaper. Most alts are currently down by -17%~20%, so what an opportunity for him. Yuck.
He has done this in the past by blocking things so that the coins are unavailable.
Thanks for your input @gungho
Well that is really something but I give him the benefit of the doubt and maybe he is planning for the betterment of TRX.
If we get our TRX back that we earned a few days ago then I guess that Justin is doing a positive thing for the Tron network.
II can't find any news about it too.
Oh, I'm positive that he is planning for the betterment of TRX and Steemit. He bought and owns Steemit Inc, so of course savings the coins from dumpage is in his best interest. It's his job to save the coins and not let them get dumped on. I'm sure we will get our tron rewards sooner or later. We did last time, I think. I hope that Tron gets into nft gaming, and my wish is that he incorporates the Social media platform into it. Is that even possible? He must have a plan, we just don't know yet. Hey, did you hear that Hive will get delisted from the Huobi exchange? It came out in the news...
Yes I don't think that Justin will make Tron and Steemit fail, that guy is brilliant and achieved lots of things, I just wonder why he is hated by many people.
I am not so surprised about that news, I guess that Huobi owners are fed up with the characters of some of the powers that be in that fork. Maybe Binance will delist it too.
Does this mean Steemit will get flooded with Hivers coming back to Steemit? I wonder what the future has in store...
Most Hivers are coerced by hive whales not to go in steem for the treat of losing support. But like you said we don't know what the future holds but forking is the best thing that happened for me. : )
음... 뭔가 오케스트라의 연주 같습니다. ^^
Yes
Thanks for sharing, the dollar has been in a very strong downtrend that has not yet ended.
Actually, the dollar is currently in an uptrend. It is a misconception that the dollar is getting weaker, but it isn't. It's getting stronger.
This is very informative thanks much certainly market moves up or down are link to certain factors here i've got more clue on what's happening in the market.