The Trader's Perspective

[Qone0]

No, I don't think crypto and gold have any relationship at all. For bit coin market cap to equal the gold market cap. Bit coin would have to be at about $500,000. I look at bit coin and block chain as two different things now. Block chain is the new .com. You will see many stocks getting into this area, that will not be related to bitcoin.

Bitcoin was the first to use block chain, block chain technology will now go into many different areas. Bitcoin also has a fatal flaw that is nearing. Its main attraction is that only 21 million coins will be created. The block chain transaction ledger work is done by bitcoin miners that are paid in bitcoin for their work. When bit coin reaches 21 million coins, there will be no one keeping the ledger. That has to be resolved or the entire system will break down. There are now 16,804,450 bit coins. They are being created at about 5k per day.

Bit coin is still following its long tern pattern. Click on the link in this post for the chart. the chart was done on 12/26

http://www.siliconinvestor.com/readmsg.aspx?msgid=31408715