In a new report warning individuals who invest in bitcoin and cryptocurrencies, Morgan Stanley compared bitcoin to the internet bubble that occurred in the late 1990’s. Based on price trends, bitcoins rally resembles bear markets from the tech boom. In 2009, bitcoin movements ranged from 28% to 92% in price, with a 70% drop from its peak of $20,000 in late 2018.
Even at its current level in March 2018 below $8,000, interest in bitcoin and other cryptocurrencies continues to grow. Forex markets are also widening as foreign exchange becomes profitable. The latest trends in the financial markets give power to individuals who want to diversify outside of the normal financial instruments of stocks, bonds, and mutual funds.
With a multitude of financial instruments available on various exchanges, profits is only one important factor. Jordan Lindsey, a veteran algo trader and founder of JCL Capital understands the value of supply and demand. It is a key factor in the appreciation of forex markets, bitcoins, and cryptocurrency.
As a self taught programmer and systems architecture designer, Jordan Lindsey, through his weekly performance reports stays on the pulse of forex markets. He presents key technical analysis in the US dollar, Euro, British pound, Japanese yen, Australian dollar and Canadian dollar. He has also brought to life the first 100% transparent trading bot for lending programs as Founder of Bitcoin Growth Bot.
Jordan Lindsey understands the importance of being ready to pivot quickly with a decision when entering or exiting a financial channel. In this new social media era, company announcements and news will continue to circulate within the forex markets, bitcoins and cryptocurrency industry within minutes. He encourages everyone to “pay full attention, be flexible, and ready to let go after working hard.”
Regardless of the number of reports ushered in the coming weeks, real analysis will continue to be the pulse in helping people make sound investment decisions. Just like NASDAQ, Forex, ICO’s, Bitcoins, and Cryptocurrencies will be worldwide names and generate a ton of conversation. It is only the beginning.