TRON is one of the hottest crypto-coins in early 2019. It’s up 25% in this month with a current market cap of $1.6 billion USD. Better yet, the January price has been consistently higher than the price in later half of 2018 (not many cryptocurrencies can say that) TRON is not only beloved by investors, but by developers… Read More »
What moves the price of bitcoin? What moves the price of other crypto-currencies, like Ethereum? Ask six different crypto “experts,” get six different answers. Here is my answer:Technological innovation. For bitcoin and other coins to become more valuable, in the long run, they must become more useful. Crypto-currencies, when all is said and done, are programs. Programs are supposed… Read More »
In part one of this series, I noted that the street is pricing public bitcoin mining companies as if they were on the edge of bankruptcy. And that is true for a lot of companies in this sector, but not for ALL of them. Today we look at three bitcoin mining companies that may or may not survive… Read More »
Buying bitcoin in late 2017 can be considered one of the worst-timed investing decisions ever made. On December 17th, 2017, bitcoin hit its all-time of $19,627 USD. It currently sits at $3500. That’s a drop of 82%. In comparison, the worst year ever for the Dow was 1931, when the index dropped 52.7%. From 2000 to 2002, the… Read More »
The Bitcoin Mercantile Exchange (Bitmex) made more than a quarter billion dollars just last month, when nearly everybody else lost money (and many their shirts). Bitmex is an offshore Bitcoin futures exchange, incorporated in Seychelles but operating out of Hong Kong. It opened its doors in 2014. As private company Bitmex is not required to make public their… Read More »
Two weeks ago the price of bitcoin was about $350 higher in Asia than in North American, as I wrote in my previous article. That’s a five percent spread, with bitcoin hovering close to $6500. Even with trading and transfer fees, a five percent spread attracts investors familiar with the technique of arbitrage (the simultaneous buying and selling of… Read More »
