2018 was a terrible year for a lot of people. A book , entitled "The rise and rise of Bitcoin" was published, and many people wet their toes in the crypto lake at it's height. Today we know that prices like those seen were largely based on hype, possibly by insider trading, price manipulation etc.. 80% of trading, of investing is psychology; and what many hoped...
Say what you want about Bitcoin. Eth has been on a steady upward trend, so has BCH. XRP not as much; but Bitcoin is over 4k. People including myself have made arguments involving use cases ; i argue now that the current purpose of crypto is to MAKE MONEY. 2018 was riddled with hype and misery in this sector... It is now January 2019, and capital gains are long...
People have been speculating about the Bakkt ETF , institutional involvement etc. Now there is a panic because it may be delayed. It may never happen , because WE have to prove the value and stability of crypto before anyone will touch it. Seriously. It's 3 days rallys and 30 day crashes that scare people off. Pump and dump i not a sustainable business model. Im...
Those of us in the crypto community investment world face unique , often unpredictable challenges . Divergent press. Entities such as C.C.N. and Nulltx, and others who when the market is up start spamming tradeview with negative bias, and when it's down make public the often absurdly laughable predictions of riches. The people who own and control the press...
For years now , the press has been playing both sides of a war they created in what should simply be an endeavour towards financial freedom. Remember who controls the press, and the interest behind it. Just 4 days ago Bitcoin was "dead," to quote a teenager who was actually quoted and put into print by the likes of C.C.N. Don't panic. The market isn't dead. It...
As double digit increases are seen pretty much across the board , my favorite distributor of fake news, C.C.N. is publishing the opinion of Calvin Ayre , one third of the talking heads behind the BCH spoon that brought the market down. "Bitcoin price will crash to zero." Craig Wright is also a notable member of the "Satoshi's vision" camp , with it's BTCSV. Make...
What a great day. Today shows more than ever that the crypto media has been manipulative and has made predictions based upon nothing. When the market is up , they tear it down; conversely when it is down , they encourage people to buy based upon arbitrary speculation. Just days ago the words "death Spiral" were being used. While I do not know why , aside from...
The Internal Revenue Service has stated that in years past they have received several hundreds of cryptocurrency filings per annum. They have also stated their intent to implement a crackdown on tax evasion via crypto , as well as having published a PDF made available on the Coinbase Pro site , stating that digital currency amounts to property , and as such every...
Warren Buffet once referred to Bitcoin as "Rat Poison Squared." I'm beginning to think that he is right , though not in the context he was using. Bitcoin is coupled with nearly every altcoin out there , and on many exchanges is a NECESSARY medium for the exchange and trade of these altcoins , as many have not been made into base currencies directly correlated with...
I just saw something VERY alarming. With today's chaos, I took to the internet looking for long-term crypto forecasts. According to walletinvestor.com , out of BTC, ETH , LTC, and XRP - and this of course is only 3rd party predictions , the results are shocking. Have a look at the long term forecasts at walletinvestor.com for the major crypto's. Unfortunately they...
I'm ashamed. Embarrassed. I don't want to tell people I dabbled in crypto. The main reason is the weakness and lack of faith within the crypto community itself. It hamstrings itself at every opportunity; shorts constantly, can't sustain bullish activity for more than 5 contiguous minutes. What are you doing?? Collecting 1% and day trading. Recent studies show...
Today is another depressing day in Crypto headlines. The founder of ethereum says 2017 rise was due to hype , leading some to likely draw an inference that such things will not happen. South Korea announced plans to tax crypto-currency. Here is where I get aggravated.: IF you got involved in Crypto thinking you could make money in a fashion similar to traditional...
By now , you should know that much of the crypto media out there is biased. It can be hard to know what the truth really is. When something like Bitcoin is going up , horrible predictions are repeated , and astronomical projections are offered when it is going down. I was watching an order book yesterday (this is part of how I learned,) and on the exchange I was...
The I.R.S. has been rather clear about their intentions to collect taxes on cryptocurrencies , yet vague about in what fashion to do so. Many in the crypto community bought some of their first coins on coinbase basic, despite their exorbitant fee's and wild point spreads , and coinbase as well as coinbase pro (gdax.com) , being U.S. based companies have been...
Recently , it can be said with no doubt that crypto and it's current bear winter have been unkind to Asia , specifically China - where mining companies are going bankrupt, where ASIC'S that were high end not all that long ago are being sold for scrap. Thusly, many miners and owners of mining pools HAVE NO CHOICE but to sell their BTC , likely other MINED...
Today has been a kinder day amongst the overall bear market ; however short term gains are all too often short term gains. Why? Short selling ; an indication of a lack of belief in the longterm performance of your investment. Short selling also changes the way you are taxed in the U.S. in a decidedly negative fashion. The tax authorities have made their intentions...