Obviously i was too bearish on Bitcoin (went long for a bit yesterday)
Still marketaction doesn't look very healthy. I can't read that bitcoinmarket, really. Could be dumping, could start rally - i have no idea.
I think I do know the long-term prognosis for BTC, based on a number of things, but the good stuff stays on my top shelf for now....
https://ounce.meThat ratio of BTC/1oz Silver is now down to 0.073 from the 0.09+ when I first mentioned it. You could buy your silver back, today, and make a decent profit, if you would have listened to me! Me - I just park the proceeds in UNO.
I don't recommend selling UNO to take advantage of the longer-term rise in BTC, since UNO rides on that, and still beats it, but I think new money should be used to buy BTC, and then support the UNO market with that. Doesn't hurt, plus you probably could use next month's budget and even some of your current month's budget on BTC, and have good liquidity and profit, when using it to cherry-pick the low branches of the UNO bid stack.
I think the BTC/Ag ratio will continue to go back to sub-0.05, so there's still time to hop on, according to my theory, especially if BTC relaxes into this next week, and PM's continue to jump up!!!
Works great for me, and the Unobtanium market agrees. The proof is in the graph.
We're chipping away at the ol' Megawallet!!! Take our BTC's, cryptsy, we don't want them!