Poor or weak low
It is easiest to illustrate what a weak or poor low by discussing what a strong or excess low is. When the market moves lower and finds that prices are just too low to be fair, the traders generally immediately drive price higher as buyers grab up as many contracts as possible at the perceived low prices. This generally leaves a buying tail on the chart and little in the way of volume on the profile. A weak or poor low is the opposite. This occurs when the market tests a low and can’t move away from it readily. A lot of volume trades a tick or so from the low print and buyers don’t seem to be interested in lifting prices higher. This is a weak or poor low and there is a generally tendency to revisit that low within that session or immediately after that session.
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Compare that to Bitcoin. BTC may well have more medium term very profitable trading opportunities, no doubt. Likewise there may be a place for cryptocurrency in the future long term but to assume that will be specifically BTC itself is rather bold. There's others that have a lot of strong points. (Maybe someone should create a crypto and call it the Bulb, as in tulip bulb, for the lulz.) Just my two AUD cents
You can get the smaller gold and silver rounds. Maybe have to buy the bakery, though. I suspect even in an apocalyptic scenario the appeal of gold to humans will remain. It's pretty. I get the point about divisibility but in fact it actually is divisible in a RELATIVELY low-tech manner - very malleable.
If we were truly at the end of civilisation though, frankly weapons of any sort might be the only thing that matters. Weapons of all sorts might BE the currency.
If it gets utterly medieval, weapons can purchase anything, at a cost of zero. Hopefully we never go back to such times.
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