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Author Topic: A report on Bitcoin by Kitco news  (Read 146 times)
Jet Cash
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February 01, 2018, 07:36:39 PM
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“I am targeting $8,600 in the near-term as the next major support level,” said Bill Baruch, president of Blue Line Futures. “I think you are seeing a rotation in cryptocurrencies and I think eventually bitcoin will be left behind as it doesn’t fit the new marketplace.”

The full article is here -
https://www.kitco.com/news/2018-02-01/Bitcoin-Falls-To-9-000-But-Don-t-Expect-Gold-Price-To-Benefit-Analysts.html

I must be out of touch, because I thought that Bitcoin was evolving, and was becoming a fairly unique intelligent asset transfer service. The new ICOs and pseudo-blockchain offerings may be getting the hype, but I find it difficult to believe that many of them can offer enduring benefits to the world.
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paxmao
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March 01, 2018, 10:00:01 AM
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IMO this article has a little bit of FUD mixed with a little bit of promotion, so I am really confused about it. It is effectively comparing Bitcoin and Gold. Long live to Bitcoin, but gold has been around for thousands of years as store of value (and fancy apparel complement as well).

On the other side, it also says things like "However, Phillip Streible, senior market analyst at RJO Futures, said that bitcoin’s more than 50% drop should put to rest the debate that the digital currency is a safe-haven asset comparable to gold."Bitcoin is done and going to zero, either you are going to hold on or you are going to roll into other assets like gold,” he said.

Or "According to some analysts, bitcoin investors are starting to panic as countries look to regulate the cryptocurrency."

Overall I would categorize this one on the semi-FUD class.
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March 05, 2018, 05:37:36 PM
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I was going to post a series of articles from Kitco, but there didn't seem to be any interest here. Their current post doesn't really say much other than provide a chart.
https://www.kitco.com/news/2018-03-05/Bitcoin-Daily-Chart-Alert-Bulls-Keeping-Uptrend-Alive-Mar-5.html

I think it is worth following the Kitco comments, as they can reflect some opinions in the commodities speculation and investment market. They are primarily gold and silver centric, but I find them useful for copper and lead, and these are two of my interests. I expect to see crypto reports grow as their investors start to see the possibilities that are opening up for them.
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March 05, 2018, 10:14:22 PM
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I was going to post a series of articles from Kitco, but there didn't seem to be any interest here. Their current post doesn't really say much other than provide a chart.
https://www.kitco.com/news/2018-03-05/Bitcoin-Daily-Chart-Alert-Bulls-Keeping-Uptrend-Alive-Mar-5.html

I think it is worth following the Kitco comments, as they can reflect some opinions in the commodities speculation and investment market. They are primarily gold and silver centric, but I find them useful for copper and lead, and these are two of my interests. I expect to see crypto reports grow as their investors start to see the possibilities that are opening up for them.

I admit I am not familiar with these guys. Are they well know analysts? The article says that they´ll be having daily analysis on BTC vs USD, that could be something to follow. I think it is interesting.
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March 06, 2018, 01:33:41 PM
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Kitco is a well respected site for reporting on precious metal and commodity prices. They post news items from a variety of sources. Some of these items are great, and provide some good analyses and informed opinions. Others are somewhat suspect, and indicate a level of bigotry often found in the financial world. I think it is interesting to see the misinformation that some old established names are pushing onto the investing public.

As always, you need to check the source before acting on the information.
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March 13, 2018, 07:44:50 PM
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I love the terminology that these chartists use. Today's report says that Bitcoin has a bearish pennant pattern.
https://www.kitco.com/news/2018-03-13/Bitcoin-Daily-Chart-Alert-Bearish-Chart-Pattern-Developing-Mar-13.html

Not so long ago it was a cup and handle. Smiley
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March 14, 2018, 08:42:32 AM
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Today's report talks about Bitpanda and their comments on the regulation of Bitcoin transactions.
https://www.kitco.com/news/2018-03-13/Gold-Can-Alleviate-Bitcoin-s-Regulatory-Headaches.html
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