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Crypto Is Thriving

ByTim Knight
Published 03/30/2021, 01:32 PM

One glance at this morning’s quote screen says it all:

March 30 Quote Screen.

Equities may be losing their momentum, as illustrated by this chart of the /ES futures:

ES Daily Chart.

My fixation remains on tech stocks, and most particularly the semiconductors. Below is the Nasdaq 100, which is still sporting a fantastic diamond pattern:

Nasdaq 100 Daily Chart.

I closed my virtual portfolio yesterday in the red for current positions, but I’m loaded to the gills with puts.

Latest comments

Tim night that's the most honest thing I've heard all day.
Ok
Crypto is only thriving on speculation, The higher Ethereum goes and the more users that use apps on the Ethereum platform increase, the more expensive and slower it gets to move ETH. BTC was always expensive and slow to move for small amounts. You don't see many saying it because they don't want to "hurt" the price and trend into the cryptosphere, but using crypto is not a preferable option to cash. One can move cash instantly virtually free, while all sorts of issues arise with crypto. One of the most absurd claims  is that crypto use is "anonymous." Crypto is far easier to trace than fiat money, there's a log for every transaction and now many wallets are being reported to the IRS. All of them in Coinbase are. I know this because I had to report over 45,0000 trades for 2018 alone on my taxes. That's why I quit trading crypto. It's not worth the trouble for the amount of times I had been hacked (my Cryptopia account), cheated (Yobit and a few others.)
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