INTEL STOCKS LONG HOLD 2-3 YEARS! POTENTIAL FOR LONG TERM PROFITWhile the ADX is quite high, the PVT is however below zero so this might not be the best to invest in..... especially since it seems to now be descending.
However, I'm here to tell you it might be a smart idea to invest as Intel has just confirmed that they are entering the GPU market by 2020 and hence preventing NVIDIA from becoming a pseudo-monopoly.
Intel's stocks will most likely skyrocket and investing during this downtrend may be very profitable in the next 2-3 years; especially as gaming is getting bigger and so is crypto mining, both of which require gpu's.
A lot of investors are probably waiting for more information so it might be beneficial to invest now!
Gpu
ETH Miners will move to Monero and other GPU coins www.coindesk.com
Ethereum plans to upgrade its proof of work dramatically lowering the profits for GPU miners. I feel that much of Ethereums strength came from its well distributed mining algo and now we will see a huge movement not only of hashpower but also funds to other GPU minable coins. Remember the key to Crypto is Hashpower, Crypto cannot be separated from proof of work. PoW is what makes Coin=Energy, that is what makes it fair and distributed.
I therefore feel very uncertain and Bearish about Ethereum and its outlook and Bullish for other ASIC resistant coins such as Monero.
Short Term Speculation of BITCOIN GOLD....thinking of 2 ways, rising from this basecamp
or retracement.
But my opinion, it seems promising.
So let's wait and see...