In your investing history, have you ever researched a stock and said ‘No, I won’t invest’, only to watch it mercilessly and relentlessly rise in value? I have, and as I’ve gotten older I realize two things…one is that charts do matter, and other is that the opportunity cost can sometimes be great. In essence, at a certain… Read More »
The Chinese government’s decision to ban initial coin offerings triggered an epic selling spree that dropped Bitcoin from a high of $5000 USD down to a low of $3950 in the space of three days. That’s a drop of 21%. In comparison, on October 19th, 1987, the Dow Jones Industrial Average fell 22%. But remember that Bitcoin trades… Read More »
Bear with me here folks, I’m going to have some fun with you—but also make you think. Everyone knows what it means to mine gold and silver. In the cryptocurrency world, we call “mining” the process by which Bitcoin servers (miners) are awarded new ‘bitcoins’—just solving by solving a mathematical puzzle. By the way, the description above is… Read More »
Criminals love Bitcoin. They think it’s wonderful to use for illegal transactions. If you want to sell something to somebody with giving up your identity, all you have to do is send them your Bitcoin wallet address. You can be on a different continent from your wallet if necessary. The person sending you money doesn’t need your name,… Read More »
Battlelines are being drawn A number of news stories last week shows the US government is gearing up to be the sheriff in the Wild West world of cryptocurrency: Bitfinex no longer accepting US customers and is exiting the US retail marketplace. The SEC cracking down on public companies that want to issue digital coins. US President Donald… Read More »
For investors familiar with only the North American stock exchanges, the wild and wacky (and unregulated) world of cryptocurrency can be a little…hard to believe. But I swear this story is true. On July 14th, 2017, the self-amending cryto-ledger project called Tezos raised US $232 million, with the first $160 million raised in 32 hours by means of… Read More »
