S D as suggested looking to fall off a cliff. In the average stripper in Florida owned 7 apartments. Before Wallstreet enter a new market like this, just like many commodity markets in the past, first they will create a Futures market. Right now, the public cannot easily amplify their holdings.
These big boys control the media message and flow and being sucker-punched into selling your Cryptos is exactly what they want. All of the pieces are almost in place now for the next fractal surge up.
That will attract more traders. By then your pension fund will no doubt have a small Crypto allocation. With a property you have leverage and can buy a house 10 times more than you can afford. With equities you can buy and sell times more stock than you can afford. Right now, the public cannot easily amplify their holdings.
In the average stripper in Florida owned 7 apartments. I also know many people who made 6 figures profit in and are now only sitting on 4 or 5 figures profit. Even though I extracted some profits. Many jumped in with way more than Risk Capital. Some have left the market completely, which is a good thing in my opinion. They repel the more level-headed investors which in turn slightly extends the time it takes for this industry to go mainstream.
Most of them are investors who have never invested before and Cryptos are their very first investment. Just like hoovering up the Blue Chip stocks that were still operational after the Tech Bubble fallout. Kong laying it out there? Financial systems on their ear. Power to the people and all that jazz…. The early adopters have had their dreams realized. The bottom is in, so now its up to you……..
You live you die….. Humans are cyclical thusly……markets are cyclical. The Cryptocurrency markets are currently working on a 52 day cycle. Home Who is Forex Kong? Real Time Trading With Kong. Hey all — you know your Japanese candlesticks well right? What are you seeing here? USD Downtrend to Continue.
This is a monthly chart of USD: Bitcoin Bottom Around Gold Bottom Around Bitcoin 5 Hour Chart — The Hong Kong Stock Exchange is the world's sixth-largest by market capitalization and virtually every global bank and securities house of significance has an office in Hong Kong.
Not surprisingly, the economy of Hong Kong revolves around services. With the rise of mainland China and Shanghai's growing significance as a financial center, there is a widely held view that Hong Kong will ultimately begin to decline in significance.
That said, China's government does not appear ready for that to happen soon and seems to favor the opportunity Hong Kong affords to keep foreign firms somewhat at arm's length. Drivers of the Hong Kong Dollar Economic models designed to calculate the "right" foreign currency exchange rates are notoriously inaccurate when compared to real market rates, due in part to the fact that economic models are typically based on a very small number of economic variables sometimes just a single variable like interest rates.
Traders, however, incorporate a much larger range of economic data into their trading decisions and their speculative outlooks can themselves move rates just as investor optimism or pessimism can move a stock above or below the value its fundamentals suggest. Economic drivers for the Hong Kong dollar are a bit different than for many currencies.
True, economic data on GDP, trade balances , current accounts, inflation and the like still matter, but only to a point. After all, the HKD is confined to a narrow trading band so these economic details have only limited impact.
What's more, the relationship between China and Hong Kong is such that a Black Wednesday -type raid of the Hong Kong dollar would almost certainly fail. Major banks with super-fast computers can make some money from trading the fraction-of-a-penny moves in the currency, but that narrow range keeps most small speculators away.
Most transactions in the Hong Kong dollar, then, are for the purposes of actual business transactions or the carry trade. With low current interest rates the Hong Kong dollar is attractive in the global carry trade.
Speculators can borrow cheaply in Hong Kong dollars and use those funds to buy higher-yielding debt in countries like Australia or New Zealand. Unlike freely floating currencies, the eventual unwind of the carry trade will likely not change the range in which the Hong Kong dollar trades, but will instead impact local interest rates and perhaps stimulate capital flight.
All the while, the Hong Kong Monetary Authority will use its huge reserves to maintain that desired range of exchange rates. Over the long term, there is a good chance that the Hong Kong dollar will become irrelevant and perhaps even extinct. While China will likely not bend to Western pressure to let the yuan float freely, there will likely come a point in China's economic development where those currency controls will be lifted or significantly loosened.
When or perhaps "if" that happens, the Hong Kong dollar will cease to have an obvious role and will likely be eliminated. The Bottom Line Even by the admittedly strange standards of foreign exchange, the Hong Kong dollar is an anomaly. It is an actively traded currency, but the tight trading range imposed by the Hong Kong Monetary Authority means that there is often little to be gained by small traders in speculating in its movements.
Still, it is an important part of the carry trade and certainly important in the billions of dollars of trade and financial services that flow through the area.