Short squeeze on the bitcoin futures market early this morning. It was a classic bear trap. Short positions had been increasing on all the major exchanges for the last few weeks. The “whales, ” i.e. the big traders of bitcoin, saw an opportunity and pounced I wrote about this phenomena last November in an article called “Explaining the… Read More »
Was NOT starting a paid investment research service in January as originally planned. The second best-move I will make this year is starting the service in May when the bottom hits (or least you will see it from there). When I started this blog last summer, I had every intent to launch a subscription service in early 2018.… Read More »
How does no-fee, anonymous trading sound to you? Too good to be true? Well, it’s already here. “Decentralized” exchanges (DEX) like the Kyber Network, Forkdelta and IDEX allow you to trade Ethereum tokens and other digital coins directly with other counter-parties (users). These exchanges are not brokerage houses, but peer-to-peer trading networks. Do you remember Napster of the early 2000s? How about the… Read More »
The Minexcoin team, based out of Russia, just announced their annual payout on the Minexcoin: 70%. If you park your coins at the Minex “bank” you get weekly payouts to your wallet. The Minexcoin is currently trading at $22 USD and is listed on two different crypto-exchanges: Livecoin and Coinexchange if you feel like taking the jump. I… Read More »
I have bought put options on RIOT Blockchain (RIOT-Nasdaq) which I hope will expire out of the money. A put is a contract to SELL shares in a company at a certain price. I have bought contracts for the right to SELL RIOT at five dollars. That means the contract is worth money if I can BUY shares… Read More »
Last week (while I was on vacation) Tom Yee published a widely-distributed story stating “Bitcoin currently trades essentially at the break-even cost of mining a bitcoin,” I couldn’t find the methodology behind the report, so I thought I would try to duplicate the results. As I have noted many times before, it’s not hard to figure if Bitcoin… Read More »
