Bitcoin is still a young and fickle currency, so at what point do you bow out with your profits in tow? According to a new report, a spike in searches for Bitcoins can be a good predictor of an imminent crash in its value. By studying the web activity and social media chatter generated by Bitcoins, a group of Swiss computer scientists have come to the conclusion that four key variables govern the way the virtual currency behaves. First is the size of the user base; second is the number of searches for information; third is the amount of information shared; fourth is the price. Using these four factors, the team at the Federal Institute of Technology in Zurich managed to find two positive feedback loops that steadily influence how much each bitcoin was worth.
Wall Street: Whose bull market is it?
But even if the Fed can be credited with some success at reviving growth, the current bull market is being met with nagging doubts ones intertwined with the ascendant issue of income inequality. Is the market overvalued and propped up more by the Fed than by a truly healthy economy? Are ordinary Americans failing to get their slice albeit a small one of the market’s gains through 401(k)s and IRAs?
‘Fast Money’ Recap: Geopolitical Pressures Weigh on Stocks – Yahoo Finance
Bitcoin investors believe efficient digital cash will be very useful in the future. This could be compared to email versus standard mail. Bitcoin is the same idea — send money as fast, cheap and easily as sending an email. To realize that vision, two things need to happen: infrastructure needs to be built and a critical mass of people need to have bitcoin. Related Link: Signs A Bitcoin Tidal Wave Is Forming To Disrupt Business The Coming Explosion Bitcoin is very easy for companies to integrate. Dell and Overstock both implemented bitcoin payments one week after making the decision to go bitcoin.
Why Bitcoin’s Growth Should Explode – Yahoo Finance
However, it’s concerning that the financial sector has not participated in the rally. Karen Finerman, president of Metropolitan Capital Advisors, said markets seem poised to rally once the “noise” of the Ukraine-Russia situation is in the past. The energy sector declined 2%. Adami and Finerman said Eaton is beginning to look attractive on a valuation basis, but could decline further before becoming a buy. Kelly said a lot of good news is already priced into shares of Intel and he is not a buyer at current levels. Nathan agreed with Kelly, adding the company has a great balance sheet and solid dividend yield but the stock has moved too much to the upside. Adami added that when margins peak at Intel, typically the stock price does, too.