Webinar: Is Bitcoin Nearing Bubble Territory; Does it Matter?
In this webinar, Nick Cawley and Chris Vecchio looked at the recent wild swings in the crypto-currency space and discussed whether digital coins should be looked as a completely different asset class and how markets should value them now and in the future.
Discussions include –
- Is the term ‘bubble’ actually relevant to Bitcoin (BTC) or are the double-digit swings seen in the asset just a reflection of its use as a volatile trading product.
- Active traders should ignore any talk of a bursting bubble and continue to use good practice and make the market volatility work for them. Risk management, trading psychology and the disciplined use of stops will leave the trader insulated against any wild swings.
- Markets may be looking to build a base at, or near, current levels with the upcoming Bitcoin Gold hard-fork on October 25 a potential ‘dividend’ opportunity for holders of BTC.
If you missed this webinar and would like to know about future events, see the full DailyFX webinar schedule here.
--- Written by Nick Cawley, Analyst
To contact Nick, email him at firstname.lastname@example.org
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.