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"Which will happen first, $25k Dow or $25k bitcoin?"

renman95renman95 Posts: 7,037 ✭✭✭✭✭
in Precious Metals

I saw this comment in last night's readings. Seems silly since the Dow is just 400 points away, but ya never know with bitcoin...

Comments

  • MsMorrisineMsMorrisine Posts: 33,087 ✭✭✭✭✭

    Dow

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • oldstandardoldstandard Posts: 387 ✭✭✭

    Dow

  • VanHalenVanHalen Posts: 3,992 ✭✭✭✭✭

    If the tax cuts pass next week the Dow will hit 25000. The hysteria is palpable. Especially when these tax cuts were priced in 6 months ago when the Dow was at 21000.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    The Dow will hit 25K first.... Now, if there are real gamblers here, bet on when bitcoin will crash... :o:D:D Cheers, RickO

  • MsMorrisineMsMorrisine Posts: 33,087 ✭✭✭✭✭

    Another parabolic leg up on BTC then the post-parabola dive

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • ChrisRxChrisRx Posts: 5,619 ✭✭✭✭

    Dow or bitcoin to 1k?

    image
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    edited December 15, 2017 7:00AM

    Well, oil is holding back gold and there's a feeding frenzy with invisiblecoin so I gotta go with the coin over gold.

    I expect a lot of equity sales before the end of the tax year so, again I gotta go with coin over the Dow.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • BobSavBobSav Posts: 937 ✭✭✭

    1st of the year or thereabouts DOW will hit 25,000 then an abrupt drop to 24,200 range .
    Bob

    Past transactions with:
    Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
  • johnny9434johnny9434 Posts: 28,334 ✭✭✭✭✭

    Dow Jones 25,000

  • giorgio11giorgio11 Posts: 3,906 ✭✭✭✭✭

    And which will happen first, Dow 5,000 or bitcoin $5,000?

    Kind regards,

    George

    VDBCoins.com Our Registry Sets Many successful BSTs; pls ask.
  • grote15grote15 Posts: 29,693 ✭✭✭✭✭

    @ChrisRx said:
    Dow or bitcoin to 1k?

    Gold.



    Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
  • VanHalenVanHalen Posts: 3,992 ✭✭✭✭✭

    @BobSav said:
    1st of the year or thereabouts DOW will hit 25,000 then an abrupt drop to 24,200 range .
    Bob

    A 3% drop to 24,200? Blasphemy.

    Respected financial experts are calling for S&P 500 at 3100 next December. Up 16% next year. :p

  • air4mdcair4mdc Posts: 905 ✭✭✭✭✭

    I have never made so much so quick.......cashing out next week. You think it’s crazy now , wait until Amazon creates their own crypto currency.
    Dow will continue.....

  • NVUNVU Posts: 284 ✭✭✭

    The way crypto market is going lately, Bitcoin may win the race to 25K.

  • renman95renman95 Posts: 7,037 ✭✭✭✭✭

    24,846
    +194.26 (+0.79%)
    Dow

    Looks like the Dow will win this one...

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    The stock market wants to run. I do plan on making a significant buy on GLD before year end.

    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • cohodkcohodk Posts: 19,126 ✭✭✭✭✭

    There are some really interesting relative valuations out there. Some go back to levels not seen in 15 years. Seek and be rewarded.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • GRANDAMGRANDAM Posts: 8,517 ✭✭✭✭✭

    @ricko said:
    The Dow will hit 25K first.... Now, if there are real gamblers here, bet on when bitcoin will crash... :o:D:D Cheers, RickO

    I predict the BitCoin crash on 4/01/18 :)

    GrandAm :)
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @GRANDAM .... Brave soul indeed.... :D;) and wise choice of date.... :D Cheers, RickO

  • BobSavBobSav Posts: 937 ✭✭✭

    @giorgio11 said:
    And which will happen first, Dow 5,000 or bitcoin $5,000?

    Kind regards,

    George

    $5000 bitcoin could happen overnight,, the DOW would take a little longer :o

    Bob

    Past transactions with:
    Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
  • CaptHenwayCaptHenway Posts: 32,144 ✭✭✭✭✭

    @BobSav said:

    @giorgio11 said:
    And which will happen first, Dow 5,000 or bitcoin $5,000?

    Kind regards,

    George

    $5000 bitcoin could happen overnight,, the DOW would take a little longer :o

    Bob

    Indeed!

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • giorgio11giorgio11 Posts: 3,906 ✭✭✭✭✭

    What is that _giant flushing sound _I hear today?

    Kind regards,

    George

    VDBCoins.com Our Registry Sets Many successful BSTs; pls ask.
  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    edited January 4, 2018 7:11AM

    No contest & the winner is?....DOW by a wide margin.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭

    okay, okay..............I'm guessing that it will be the Dow. :)

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BobSavBobSav Posts: 937 ✭✭✭

    @BobSav said:
    1st of the year or thereabouts DOW will hit 25,000 then an abrupt drop to 24,200 range .
    Bob

    As I predicted 1/4/18 DOW 25,071
    Lets what happens now!
    Bob

    Past transactions with:
    Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    @derryb said:
    Well, oil is holding back gold and there's a feeding frenzy with invisiblecoin so I gotta go with the coin over gold.

    I expect a lot of equity sales before the end of the tax year so, again I gotta go with coin over the Dow.

    Derryb....did you actually believe what you said? Oil holding back gold? Lot of Equity sales? I did not see a winky symbol.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    you know me, always the contrarian.

    FWIW oil was holding back gold. Note the recent rise in gold along with the recent rise in oil.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,126 ✭✭✭✭✭

    Nothing wrong with being a contrarian--I'm a big one--but you have to know when.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    @derryb said:
    you know me, always the contrarian.

    FWIW oil was holding back gold. Note the recent rise in gold along with the recent rise in oil.

    It costs oil to mine new gold :wink:

    Liberty: Parent of Science & Industry

  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    yep, but the old gold went up along with oil.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    @derryb said:
    yep, but the old gold went up along with oil.

    Absolutely--for those that made a trade at the new price. For typical buy -n -holders, it's just another "paper" fluctuation.

    Liberty: Parent of Science & Industry

  • cohodkcohodk Posts: 19,126 ✭✭✭✭✭

    @derryb said:
    you know me, always the contrarian.

    FWIW oil was holding back gold. Note the recent rise in gold along with the recent rise in oil.

    Maybe better to note the recent rise in cotton with recent rise in gold. I mean, it's been cold and those miners gotta dress appropriately. I'm guessing that cotton pulled up gold prices.

    Or maybe it was the recent rise in wheat that pulled up gold. Miners gotta eat. Yeah, yeah, that's it. Cotton and wheat are responsible for gold going up.

    Lmao

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    edited January 5, 2018 11:18AM

    Maybe better to note reality. Oil is the global currency. After FED free money, it is the biggest driver of asset prices.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,126 ✭✭✭✭✭

    Why is it that all of your charts end years earlier than today?

    But, your chart does in NO WAY demonstrate that the price of oil dictates the price of gold. There is some corrolation, as both are commodities and priced in dollars, but that's all. Analysis such as yours is what happens when one believes in falsehoods.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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