Cryptocurrency
October has been a bad month. The broad stock market lost all of its gains for the year while the cryptocurrency market consolidated sideways. After this year’s cryptocurrency bear market, crypto investors can be forgiven if they don’t have much sympathy for stock investors. What’s interesting, however, is how well the crypto market has held […]
In the November monthly newsletter I mentioned the announcement by Fidelity Investments that they will soon be offering cryptocurrency investments to their 27 million customers. One of the company’s first big customers will be Michael Novogratz and his Galaxy Digital hedge fund. Why is this significant? Fidelity Investments is one of the world’s largest financial […]
The cryptocurrency market has typically rallied in the last quarter of the year and many have been expecting the same thing this year. There’s evidence of more money coming into the market, especially from hedge funds, and that’s a positive driver for the market. Stil, 2018 has been a bear market and that means we […]
With so much emphasize on the price of cryptocurrencies, the issue of actual use seems to have become an afterthought. The reality is these assets must become useful for everyday people doing everyday things. Let’s look at the top five contenders for everyday usage in the near future.
Most cryptocurrency prices dropped sharply in the beginning of September. The rest of the month has been spent consolidating the initial loss, which leaves traders arguing where prices should go next. While the market looks vulnerable to lower prices it’s not hard to argue a bottom is being made. The market continues to wait for […]
The cryptocurrency market has been quiet for the past week and trading volume has been drifting lower since mid-August. Most people are simply waiting for a reason to buy or sell and other than traders trading around the fringes there hasn’t been much activity in the past week. As we deal with the continuation of […]
Bear markets are never fun, but these are the wealth-building times. People who chase markets higher, such as happened at the end of last year, rarely have the opportunity to make huge gains compared to those who do their buying during a bear market. Compare the stock market today to where it was in 2008 […]
Gold promoters often cite inflation’s steady rise after the United States abandoned the gold standard in 1971. Yet is gold the worst investment ever? Quite possibly. The U.S. dollar no longer being backed by gold became a reason to invest in the real thing — gold itself. Warren Buffett, a stock picker who hates gold, says […]
Bitcoin has remained relatively strong as compared to most other coins and in fact it has been the coin to run to when trouble hits, either in the cryptocurrency market or because people are running to Bitcoin in place of their fiat currency. At the end of 2016, just before many of the altcoins started […]
Anticipated approvals of a Bitcoin ETF fall through, leading recent buyers to become sellers. Selling pressure has momentum but real investors are staying in — many of them already billionaires. Big corporate brands are starting to make serious moves into blockchain applications that will make them more efficient. Despite more good news about developments in […]
