The Alternative Safe Haven Beside the U.S Dollar

Given that we can never know for certain where the market will be, it is prudent to rely on our intuition; yet, this also means that we will never be able to avoid the market's normal boom-and-bust cycles.

Even in a market ruled by artificial intelligence, there will always be a substantial degree of human mistake present to disrupt the market's natural flow (algorithmic trading that can make trade decisions in nanoseconds).

When circumstances are good, individuals are typically excessively greedy, whereas when times are terrible, they are typically excessively scared. In order to shield themselves from prospective losses, investors frequently invent arguments to defend their reasoning when they are emotionally charged.

The recent emergence of top cryptocurrencies such as Bitcoin and Ethereum has spurred a new wave of impulsive investment decisions. Given Bitcoin's incredible growth over the past several years, it is not difficult to comprehend why so many people are ready to test their luck on the cryptocurrency market. 

In recent years, the market for cryptocurrencies has grown in popularity. When significant sums of money, such as hundreds of thousands or millions of dollars, are invested in Bitcoin before conducting a thorough market research and formulating a logical investment strategy, considering possible bubbles and other forms of financial mayhem result.

This week, the trading volumes of GBP to BTC soared to new heights, with transactions on Bitstamp and reaching an all-time high of $880 million in end September when the pound fell to an all-time low against the dollar. 

Recently the British became the hot news , even the financial market was singing rumour of possible collapse of C. Suisse and Even the major Reserve Bank Of Australia was going bust after coming with a loss at A$44.9 Billion - Now It Has No Choice But To Print More Money as it has been squeeze almost to bankruptcy

In recent years, the GBP has been volatile due to escalating inflation and the "mini-budget" of the government, both of which have exacerbated market turbulence. The British pound has lost 7% of its value versus the US dollar in only one month, and the historic tax cuts detailed in the government's budget plan are making the situation even worse while as many look for better safe haven , Bitcoin seems to catch the attention of the public. Analysts, on the other hand, are unable to agree on its significance. 

Some individuals believe that we are witnessing investors seeking a safe haven as a result of the plummeting value of the pound, but others believe that it could simply be traders seeking to profit from the volatility. In any event, you are not in a very beneficial position until bitcoin can be used to acquire property.

Messari noted in a recent study that despite the lackluster price action, people from the United Kingdom and the European Union have been selling their pounds and euros for Bitcoin. This is a result of the continued depreciation of their respective national currencies.While the Government of Japan And Korea are dumping Billion worth of USD in order to prop up their currencies 

Whether or not Bitcoin is in a bubble is still debatable as it has also to meet its fate in volatility and is working around $19,400 in bearish mood for the moment when the Fed is implementing QT and implementing Interest rate hike almost every month since this quarter , but the cryptocurrency's former meteoric rise in value is challenging the long-held beliefs of a large number of prominent investors and financial institutions.

In event , if A Pivot is implemented by the Fed to reduce or pause the rate Hike and QT , Bitcoin will witness a likely Dramatic lift in its value and thus increase its reputation as the next appropriate inflation - Safe currency 

As was the case with the housing crisis, we are currently experiencing the emotional response of humanity as a result of our inability to accurately predict the direction of future financial trends. 

The mainstream trends failed to foresee cryptocurrencies having a significant role in the global financial industry, and now that their value is increasing, everyone is coming on board to accumulate and are buying in . 

Financial crises will continue to occur due to the prevalence of emotionally-driven investments.

 On the other side, ambition is what drives civilization forward; without it, we would stagnate.

#Disclaimer Note : This publication is not intended for use as a source of any financial , money making legal, medical or accounting advice. The information contained in this guide may be subject to laws in the United States and other jurisdictions. We suggest carefully reading the necessary terms of the services/products used before applying it to any activity which is, or may be, regulated. We do not assume any responsibility for what you choose to do with this information. This article is not meant for financial advice , Use with your own judgment.