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drbubb

DrBubb's Diary - June 2018 Trading - v.113

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Silver could be at a good place for a bottom

Silver hit $xx, SLV: $15.03

SLV / etf for Silver ... update

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Bitcoin bloodbath nears dot-com levels as many tokens go to zero

Bitcoin's meteoric rise last year had many observers calling it one of the biggest speculative manias in history.

The cryptocurrency's 2018 crash may help cement its place in the bubble record books.

Down 70 percent from its December high after sliding for a fourth straight day on Friday, bitcoin is getting ever-closer to matching the Nasdaq Composite Index's 78 percent peak-to-trough plunge after the U.S. dot-com bubble burst. Hundreds of other virtual coins have all but gone to zero -- following the same path as Pets.com and other red-hot initial public offerings that flamed out in the early 2000s.

While bitcoin has bounced back from bigger losses before, it's far from clear that it can repeat the feat now that much of the world knows about cryptocurrencies and has made up their mind on whether to invest. Bulls point to the Nasdaq's eventual recovery and say institutional investors represent a massive pool of potential cryptocurrency buyers, but regulatory and security concerns have so far kept most big money managers on the sidelines.

"You'll have to see the market reverse before you see" institutions pile in, Peter Smith, chief executive officer of Blockchain Ltd., which introduced a crypto trading platform for professional investors on Thursday, said in an interview on Bloomberg Television.

Bitcoin declined as much as 4.2 percent to $5,791 on Friday, the lowest level since November, according to Bloomberg composite prices. It traded at $5,878 as of 10:33 a.m. in New York, down 59 percent for the year and heading for a second-quarter loss of 14 percent. Other coins including Ether and Litecoin slumped more, while the combined value of tokens tracked by CoinMarketCap.com declined to $236 billion. At the peak of crypto-mania, they were worth about $830 billion.

> https://www.sfgate.com/business/article/Bitcoin-bloodbath-nears-dot-com-levels-as-many-13037337.php

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Think PH is high?

What about Hong Kong?

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AQG / ProShares Ultra Silver (ETF)

chart : big.chart?nosettings=1&symb=agq&uf=0&typ

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OIL PRICES too high?

The Real Donald has a solution

12 hours ago

Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & disfunction in Iran and Venezuela,

I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference...Prices to high! He has agreed!

 

Watch for the price to plunge on Monday

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