Tag Archives: bitcoin

By God, I Figured You Out Bit Coin – Cryptocurrency Profits

Be Ready to Risk it All

 

I think today’s advice is pretty sound regarding investing in cryptocurrency at least of 12/24/2017

It’s very easy for a group of big money people to pull the price up of crypto coins. Price starts going up and people become interested. That would be human nature. But, guess what, they then get to decide when to pull the switch and withdraw their support(money). When that happens you can bet that they will start a big sell off drastically effecting the price.

Who gets hurt? That would be the guy that has invested money he can’t afford to lose. You see these people can just keep applying the pressure lowering the price until you decide to reduce your position if you have too much out there invested. Then they just swoop in and buy the crypto coin at a really cheap price and start the process all over again driving it up.

Big Thing to Remember, Don’t Invest Money You Can’t Handle it Approaching Near Zero in Crypto

This process of big money people manipulating the price really isn’t beneficial to the growth of crypto currency.  The big swings in prices probably keep a lot of people out of the market.

2017 produced some huge returns in crypto currency, and in my personal opinion, I think crypto will continue to produce.  Yet, because of the big swings, putting too large of position in is not ideal

  Next, why would I share such good information?  Why wouldn’t I let you get squeezed by the process and just take advantage of the big lows myself?  If I give you good enough information maybe you’ll subscribe to the blog 🙂

Disclaimer: Investment advice is not being given, this is simply my opinion

Who’s Gonna Win? – The New Crypto Currency Race

The Big Players in Crypto Currency

   Let’s start with a total market cap of these big coins
Date 12/14/2017
1. Bitcoin                   $288,857,010,030
2. Ethereum              $63,069,084,803
3. Bitcoin Cash          $29,723,137,809
4. Ripple                     $29,268,934,759
5. Litecoin                  $14,472,502,727
6. Iota                         $9,636,297,948
7. Dash                       $6,824,025,547

I can’t help feeling it’s a horse race out there with the following variables

A. Recognition and Acceptance: Bit coin was created first and is the most widely known and accepted.  It is receiving a ton of publicity.  You’ll notice that it’s market share blows away any competitor.  As a store of value and a new gold I won’t argue with you.  Lite coin was introduced shortly after bit coin and has a reasonable acceptance.  Bit coin cash, while being a pretty new player, has a lot of support coming to it from the bit coin community.

B. Development Use: Ethereum adds the factor of developers being able to do more with it.  If you want more information on that ask a developer.

C. Transaction Speed and Cost of Transaction: I think most of the coins other than bit coin are similar here.  I’m sure some savvy person will rush to tell me that x coin is actually 3 minutes faster in its confirmation.  My concern here is that bit coin is taking a long time to confirm and it is expensive to send a transaction.  This is something I hope an alt coin will solve.

D. Regulation: Ripple has connections to banking institutions.  Bit coin was embraced by Japan and Switzerland to name a few and of course China banned crypto exchanges from conducting business in their country.

   I’m interested in hearing your opinions of the future of money.  Please feel free to leave comments.

2 Gigantic Reasons Bit Coin is a Storage of Value

 

 

What If It Took a Wheelbarrow of Money to…

Buy a Gallon of Milk?
   You could end up like this poor chap in the picture if your government engages in out of control inflation.  This is why it is time to take a more careful look at something that is truly limited and a store of value, Bitcoin or Cryptocurrency.

Think you are safe holding money by a government?
   Let’s look at an excerpt from Horizon Kinetics, Market Commentary, October 2017
          The Roman Empire debased its coinage for 2,000 years. As one example, during the 73 years between
Marcus Aurelius’s reign that ended in 180 CE and the beginning of the reign of Emperor Gallienus, the
denarius silver coin was debased from 75% silver to only 5%, by which time the silver was just a surface
coating that would wear off. That is 93% depreciation, which works out to about 3.6% per year.
– Staying with the 73 year timeframe, from 1943 to 2016, the U.S. dollar likewise lost 93% of its
purchasing power, based on an annualized inflation rate of just over 3.6%. For most of that period,
though, U.S. citizens could earn a comparable yield on their bank deposits or treasury bills, so that
purchasing power could be maintained. That’s not been the case over the past ten years, though, since
short-term interest rates have been kept near zero; today, money really does earn a negative return.
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   Bitcoin has a limited supply of 21 million coins.  No more can be created.  It is a decentralized currency so that nobody controls the supply.  Even gold and silver do not give us a true comfort of limited supply.  If the price of gold and silver were to go up dramatically we would find ways to mine more of it.  My point is that we may hold less gold and silver than what is still untouched in the earth.
   As a thought experiment, I would like you to consider the value of bit coin if it were to actually replace the money we use today.  If there are only 21 million coins and the coin would have to account for trillions upon trillions of dollars you would discover that one bit coin is worth far more than the roughly 11,000.00 it is selling at…
How do you feel about crypto currency, let’s hear your opinions?