Is There a Correlation Between The Dow Jones & Cryptocurrency?

After a rather nice bull run The Dow Jones Industrial Average has had a rough couple of weeks. Cryptocurrency also is experiencing a correction. Could there be a correlation between the two investment worlds?

We need to be careful using vague terms like “bull and bear markets” when crossing over into each investment space. The main reason for this is that cryptocurrency over the course of its amazing 2017 “bull run” saw gains of well over 10x. If You put $ 1,000 into Bitcoin at the beginning of 2017 you would have made well over $ 10,000 by the end of the year. Traditional stock investing has never experienced anything like that. In 2017 the Dow increased approximately 23%.

I'm really careful when reviewing data and charts because I realize that you can make the numbers say what you want them to say. Just as crypto saw enormous gains in 2017, 2018 has seen an equally quick correction. The point I&# 39;m trying to make is that we need to try to be objective in our comparisons.

Many that are new to the cryptocurrency camp are shocked at the recent crash. All they've heard was how all these early adopters were getting rich and buying Lambos. To more experienced traders, this market correction was pretty obvious due to the skyrocketing The price of the last two months. It was obviously that sooner or later they would want to take some of that profit off the table.

Another factor I think we really need to consider is the recent addition of Bitcoin futures trading. I personally believe that there are major forces at work here led by the old guard that want to see crypto fail. I also see futures trading and the excitement around Crypto ETFs as positive steps toward making crypto mainstream and considered a “real” investment.

Having said all that, I began to think, “What if somehow there IS a connection here?”

What if bad news on Wall Street impacted crypto exchanges like Coinbase and Binance? Could it cause them both to fall on the same day? Or what if the opposite were true and it caused crypto to increase as people were looking for another place to park their Money?

In the spirit of not trying to skew the numbers and to remain as objective as possible, I wanted to wait until we saw a relatively neutral playing field. This week is about as good as any as it represents a period in time when both markets saw Corrections.

For those not familiar with cryptocurrency trading, unlike the stock market, the exchanges never close. I've traded stocks for over 20 years and know all too well that feeling where you're sitting around on a lazy Sunday afternoon thinking ,

“I really wish I could trade a position or two right now because I know when the markets open the price will change significantly.”

That Walmart-like availability can also lend to knee-jerk emotional reactions that can snowball in either direction direction. With the traditional stock market people have a chance to hit the pause button and sleep on their decisions overnight.

To get the equivalent of a one week cycle, I took the past 7 days of crypto trading data and the past 5 for the DJIA.

The Dow (due to 20 of the 30 companies that it consists of losing money) decreased 1330 points which represents a 5.21% Decline.

For cryptocurrencies finding an apples to apples comparison is a little different because a Dow doesn't technically exist. This is changing though as many groups are creating their own version of it. The closest comparison at this time is to use the top 30 Cryptocurrencies in terms of total market cap size.

If you look at the entire crypto market, the size fell from $ 445 billion to 422 billion. Bitcoin, seen as the gold standard Equivalent, saw a 6.7% decrease during the same time frame. Typically as goes Bitcoin so go the altcoins.

Coincidence or causation? How is that we saw nearly similar results? Were there similar reasons at play?

I hear you before that numbers for this are vastly different. I told you before that numbers can be deceiving so we really need to pull back the layers.

Here's the major news impacting the Dow:

According to USA Today, “Strong pay data sparked fears of coming wage inflation, which intensified worries that the Federal Reserve might need to hike rates more often this year than the three times it had originally signaled.”

Since crypto is decentralized it can't be manipulated by interest rates. That could mean that in the long run higher rates could lead investors to put their money elsewhere looking for higher returns. That's where crypto could very well come Into play.

If it wasn't interest rates, then what caused the crypto correction?

It's mainly due to conflicting news from several countries as to what their stance will be certainly impacts the market. People worldwide are uneasy as to whether or not countries will even allow them as a legal investment.

The past was saw some beneficial news from the congressional testimonies of Jay Clayton (SEC Chairman) and Christopher Giancarlo (CFTC Chairman). The sense was that while they wanted to eliminate bad players and ensure AML laws were followed, they wanted to also allow for Innovation.

It certainly appears that the connection in similar results between the two worlds is uncertainty.

But all knows that markets are sometimes be fleeting. There are also times when the news is so staggering that it paralyzes the market for several months and even years .

The key is sifting through all of this information and deciphering what is real and what isn't.

Because I am long on both stocks and cryptocurrencies, I believe that keeping a close eye on both can be quite rewarding. The opportunity for profit exists nearly everyday. This is especially true in crypto as I've often bought a coin that just Dropped 30% over the past day and then fell another 30% the following, but regained all of that and more within a week.

I would recommend staying as diversified as necessary (this varies with each individual's situation). There are days when one is up and the other down. For a morale boost, it's nice to have the option of logging Into the account that had the better day. If you have accounts in both worlds, maybe you can relate to this.

One thing is for certain, crypto is here to stay and will definitely make investing more interesting.
Although blockchains have been dubbed “truth machines,” the industry that surrounds them is anything but straightforward.

Shortly after the Kik messaging app announced this week would shut down its platform due to legal fees resulting from its launch of Kin cryptocurrency, a report emerged claiming that CEO Ted Livingston resigned from the company through drunken text. But the next day, Livingston rejected the report, explaining that he was on an international flight, and therefore not using the internet at the time of the alleged message.
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While anxiety relies on Kik’s cryptocurrency (and an SEC-related litigation), Livingston’s fraud was the perfect time. One teaser who touched Kik near its peak in the news cycle, used CEO resemblance in their communications, and issued statements mirroring those previously published by Kik on her middle blog.

Although the push wasn’t exactly sophisticated (they used the Ted E. Bear Telegraph glove) their misinformation resulted in an article on CoinDesk – after he left – and Livingston’s alleged resignation quickly spread on social media.

Important Forex News of 2018

We all know that news is an important part of our lives. If you don’t have a newspaper and have a cup of hot tea, the morning is incomplete for us. However, in addition to understanding all the news happening around you, it would be a good thing if you are familiar with what is happening in the country in the context of business, currency exchange and how to manage the country's finances. There are many websites, magazines and even mobile apps where people can read Forex news and understand the development of Forex brokers and make a great effort to effectively maintain the country's financial markets. Let us know some of the latest Forex news, which will give us a deeper understanding of different countries. Financial markets, foreign exchange policies and the overall financial situation of the country.

The Central Bank of China spent the second highest amount on foreign exchange transactions in 2018.

ING's economist Iris Pang confirmed that in 2018, the Chinese central bank spent $91.58 billion on foreign exchange purchases. It turns out that this is the second largest amount of foreign exchange currency purchased in 2018, and the maximum amount of foreign currency purchase is in September 2018, up to $119.39 billion.

This proves that foreign exchange purchase has become an indispensable part of national finances and has become a considerable part of the country. The budget is used to buy foreign exchange. Forex brokers are really important in managing foreign markets because they provide a lot of help in forex trading.

From now on, the euro is expected to be sideways

Many analysts at UOB have suggested that the euro is expected to be sideways from now on. The current upward pressure has been alleviated, and it is for this reason that the euro is currently likely to be sideways at least in the wide range of 1.128 to 1.144. The euro may take several weeks to finally break through these levels. As of now, the various indicators are almost flat, and recent trends indicate that they are in a consolidation phase.

The dollar fell and the pound fell to nine points against the dollar

In the recent meeting, the British pound is undoubtedly the winner. It has remained the highest in history for more than a week, staying at 1.29. The euro is still at 1.14, and its price has risen slightly due to the headlines of Brexit. Although the pound has soared to a high level as described above, the performance of most of the US dollar in the United States of America has not yet reached expectations. Except for the New Zealand dollar and the Australian dollar, it lags behind its peers.

These news provide us with many detailed information about the finances and currencies of countries, aren't they?

Seven family ideas to inspire your summer trip

It is the wonderful time of year when the school is nearing the end, swimming pools are filling up and people are cleaning the backyard barbecue. We talk about summer, and with every discussion of summer comes a need to discuss ideas for family vacations.

Yes, everyone prepares their home for all the gatherings, barbecues and pool parties to be held, but everyone is definitely looking forward to the summer because this is the time of year when everyone in the family is almost completely on the same page regarding leisure. Schedules gathered mean that it's the right time to gather the whole family and just get away for a little bit. However, there is a problem – where are you going?

It may be that the most difficult part of planning a vacation is deciding where you actually want to go. Everyone has an opinion and reason to uphold that opinion, but a decision must be made. Otherwise, you might just be able to forgo the whole mess, and that's just not right. Maybe a better plan of action might be to think about what you want the holiday to accomplish instead of where you want it to be.

Stay with us here. Instead of trying to give you specific places to consider for your family summer vacation, it may be best to think of certain types of summer vacations that will get your family excited about the options. Nothing is worse than going on a trip and then being kind of "blah" when you're there. "Blah" tends to become "meh" which then makes something on the trip pretty uninspiring. You want your summer vacation to have "oomph".

You also want to actually get away when traveling on vacation. In the last few years there has been a big push to enjoy a "staycation" and keep things close to home. While there is nothing wrong with it, there are limitations to the inspiration it can give your family. Traveling, on the other hand, is what inspiration is all about.

Here are seven holiday ideas to help you inspire your family's summer trip:

beaches – What is more refreshing than sand, sun and sea? Also, remember that you do not have to travel an exotic place to find amazing beaches near you.

State and national parks – Maybe it's a bit "old-school," but state and national parks provide a wealth of activities for the whole family and are a great backdrop for chilling outdoor fun.

water Parks – In case you weren't aware of it, the summer months are pretty hot. Beat the heat with a family vacation to a premier water park.

agritourism – Visitors to these farms enjoy a picturesque & unique overnight stay while exploring agriculture and even being part of the harvesting process. If your family is big on organic produce and farm to table access, this is a great tour.

River Adventures – Again, the idea of ​​cool river water against summer heat makes sense, plus get the whole family's adrenaline pumping!

voluntariness – You may not like it, but volunteering not only does very worldly good, but it also allows you to see the world. It is definitely a way to feed the soul.

Trip – Of course, you can't go wrong with the traditional road trip. They say the destination is not as important as the way you got there, and it certainly creates some fond memories.

Family vacation ideas should be about wonder and excitement. They need to be able to pull you out of the deck, which can sometimes best describe life and get you moving. Let this be the summer that sets the standard for your family's summer vacation from now on!

Cheap Summer Holiday Package Ideas – A few wonderful, inexpensive places to visit this summer

Whether you have children or not, there are always reasons to book a summer vacation. It is a popular time to go on vacation to most destinations. Unfortunately, it is also a costly time to go on a trip as prices are skyrocketing due to demand. If you want to get away for a few days but don’t have a very big budget, there’s no need to worry: here are some ideas for cheap summer vacation packages.
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Head towards Albuquerque

If you really don’t mind the temperatures of 90+ degrees in the summer, this New Mexico city is the place to go. Hotel rates throughout the area are reasonable and airlines offer affordable rates from various airports across the country. You don’t even have to pay for a rental car, as ABQ Ride offers bus services throughout the greater metro area.
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Spend some time on the gap

To avoid heat and crowds from the Grand Canyon, head in the opposite direction – right into Appalachia. Summer temperatures in West Virginia are not uncomfortably high. The scenery around the New River Gorge is stunning and there are lots of fun, affordable activities. Lodging can be found for less than $ 100 per night. Night.
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Explore the Sacred Valley

For an exciting international adventure, head towards Peru. The Sacred Valley area is an affordable alternative to Machu Picchu in the summer. There are hidden gems to check out, including ancient temples and forts. Just walk along hiking trails to access farms, isolated villages and bustling cities.
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Stay at Six Flags Fiesta

Don & # 39; Don’t make Disney World in the summer unless you want to spend a fortune. Instead, head to San Antonio where you WILL find cheap summer vacation packages and walk back and forth between Six Flags and White Water Bay Water Park. Both parks are included in the admission price. You can get huge discounts by buying your tickets in advance on the internet. While the summers in Texas are hot, you can stay cool in the water park.
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Go to Chincoteague Island for a beach vacation

When most people think of “summer vacations”, the beach is usually the first image that comes to mind. Temperatures in this part of the VA are just right in the summer and prices are reasonable. In addition to relaxing around the beach, you can also watch birds, wild ponies and bike.

Other ideas

A few more affordable places to visit on your summer vacation include:

• Cape Cod, Massachusetts

• Laughlin, NV

• Rovinj, Croatia

• Madrid, Spain

• Phoenix, AZ

• Gatlinburg, TN

• St. Louis, MO

It is best to start planning early. The sooner you start your search for cheap summer vacation packages, the easier it will be to find a bargain!

Online deals are always worth researching – especially when you want to save on a vacation package. Some companies provide competitive pricing, user-friendly search tools, and 24-hour customer service. There are also warnings that you can sign up to receive details on the best cheap summer vacation packages.

Last Minute Vacations – Go-tips that anyone can use to travel and pay more for less

Finally, you have decided to travel for the holidays when the whole year is almost gone and now you have to go. Where and how do you start searching for good last minute travel deals and vacations without being overpriced?
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Let’s just cut to the chase and give you the answers right now, shall we?

Buy the bundle.

Many travel agents buy more flights and use them to market package travel. If your destination is included in these bundles, consider buying a seat. Although most of these trips sell out fast, you can find cheap last minute trips with these agencies. This usually happens when the departure date is approaching. If there are packages that have not sold, you can be sure they will be sold at very discounted prices.
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Use a travel agent & # 39; s list:

Travel agencies provide last-minute vacation and vacation rates that the big online guys don’t offer. Because they make their income primarily through their own personal client list they have a good relationship with, they can and will typically under price tickets to beat the competition. Signing up for their email list and alerts is a huge benefit. Most of them offer great travel tips on how to save money on travel. To make you (the client) feel much more at ease.
when is the best time to buy airline tickets
Sign up for a large company email alerts.

Many airlines and hotels are warning about great deals on their products. You can take advantage of these if you need to travel cheap at the last minute. Check your email boxes regularly if & rsquo; s is a good part that is currently active around the time you need to travel. However, just be careful.
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Search online.

Just in case you’re not really an online shopper; when you need something, you go online. If you need cheap, last minute air travel deals, go to the airline’s website. There are many of them that show remaining tickets for a particular flight. These are seats that have not been sold, although the aircraft is ready to take off. You get some good discounts to fill the seats.
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There will always be deals available for those looking for last minute travel packages. Where it used to be a travesty to get last minute travel deals, they can now be some of the best travel packages available. These tips will certainly secure you some of the best rates that the travel industry has to offer on last minute holidays and travel.
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