I haven’t posted much with cryptos dropping 70% this year, but Bitcoin appears to have hit bottom. It’s not gone below about $6,000 for a bit over three months. Further support for this is that the last run up of 1000%+ from August to November 2013 started from $100, hit $1,100 and then crashed back to about $200, twice what it started from.
In 2017, it started its run from about $3,000 in August and ran up 700% to about $20,000 in December. So, dropping back to $6,000 matches the past.
With limited downside and news of Yale University investing in crypto; Starbucks, Microsoft and the parent company of the NYSE announcing a subsidiary to permit merchants like Starbucks to accept crypto, and the 30-billion dollar trading company, TD Ameritrade, announcing ways for small retail investors to invest in crypto; this is a good time to get in.
Continue reading “It’s been a rough year so far, but it’s about to get better & free crypto”
This group is free, but private and requires approval from the administrator. Each member of the group performs one or more functions below and reports the data in the private members' only section of this website. Please specify which function(s) you will contribute when you apply for membership.
- Identifying potential new cryptos from price acceleration (coinmarketcap.com), YouTube recommendations or Twitter recommendations.
- Researching these new cryptos and writing a short one-paragraph description of their use, whether unique or not, and comparison with other better-known cryptos.
- Researching their development, marketing and business team.
- Researching their social media activity in Reddit, etc.
- Social media promotion of our chosen cryptos after we have taken a position.
- Reporting on their price performance after one week, one month, three months, six months and one year.
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Most crypto investors are on the search for new ideas. However, I haven’t posted much lately, so I thought I’d take a look at what other people are talking about.
Clif High is either revered as a guru or cursed as a sham, but these coins look very interesting. Some need no introduction. Some may be brand new. Do your own research. This is his data except where I’ve made comments that are clearly my own.
His top 3 safest coins are… Continue reading “9 Crypto Picks for 2018 and Beyond”
I wanted to be sure you saw this data asap (I didn’t learn this until very late last night and just got up.) as I promoted Bitconnect in my ebook and therefore feel I should be the one to tell you. Hopefully, you followed the rest of my advice by not investing more than you could afford to lose.
I’m sorry to have to report that for the last 3 or 4 days, the Bitconnect site was closed for maintenance. Then, very, very late last night, Bitconnect announced it was closing the lending program. (Their full statement from their website is below.)
This was obviously a direct result of the collapse in the Bitcoin price. They are returning the loan principal in Bitconnect coins (BCC) valued at
Continue reading “Bad news for Bitconnect: End of the lending program, devaluation of the coin and small partial payout”
The question I’ve been hearing from new people to whom I mention Bitcoin is “Can it still go up from here?” The answer is yes, definitely YES!!
Let’s start with some facts
Kraken as of Dec 15): Each of the past few days has produced 50,000 new account registrations and 10,000 new support tickets! Ten times more than last quarter! Number of simultaneous users, daily trades and volume are also making new all-time highs. They are struggling to keep up.
Coinbase added 300,000 new users over the Thanksgiving holiday week. The new additions brought Coinbase’s account total to 13.3 million exceeding the 10.6 million brokerage accounts at Charles Schwab! Over the course of the year they have added more than 5 times the number on their support staff and have seen the number of transactions increase during peak hours by over 40 times!!
Fidelity Investments is the fifth-largest asset management firm in the US with $2.3 TRILLION under management. It has just made an agreement with Coinbase to allow their 26 million individual investors access to Bitcoin. Not only that, but Fidelity allows its 40,000 employees to buy coffee or lunch in the company’s cafeteria with bitcoin and Fidelity has ongoing profitable Bitcoin and Ethereum mining! In fact, the CEO was quoted as saying that operation “is actually making a lot of money.”
To recap, HUGE numbers of new buyers are coming into the market at such a rate that the exchanges are having a hard time keeping up. Add to that the fact that very, very few people actually know how to buy bitcoin and you may agree with me that this market has a long way to run…a long, long way to run.
What most people don’t understand is …
Continue reading “Can it still go up from here? (with an update on Kraken.com)”
(Although the recommendations above will most likely appreciate a great deal, I believe my new recommendations will do better in the coming year. So, be sure to scroll down to read the new recommendations. I hope you find these of value, but keep in mind these are for you to evaluate. I’m not an investment advisor. Just a cryptocoin writer sharing my views with you.)
Do not invest more than you can afford to lose! This is vital as the prices go up and down. If you invest more than you can afford to lose, you will be scared at the bottom and sell before the prices recover and go way, way up.
For beginners, start with an amount you can afford to lose and buy Bitcoin. There is a long learning curve to cryptocurrencies. So, start with a small amount in Bitcoin. It is the best known and been around the longest. After you’ve learned to buy, hold and sell it. You can begin to get a feeling for the alternative coins (called altcoins) and broaden your portfolio. Download my book to learn more about Bitcoin and how to buy and sell it.
For people who have some experience and already own one or two coins:
Continue reading “Investment recs 11-Dec-2017”
In case you’re new, I’ve defined “blockchain” here at the beginning, so you don’t get lost.
Blockchain — Every 10 minutes for Bitcoin (shorter intervals for other cryptocoins) all the information on transactions and new coins mined (created) is written in a block of data on all the computers in the Bitcoin (or other coin) network. Each block has a secret code created from all the data of the last 10 minutes plus the secret code of the previous block. Thus the secret codes “chain” these blocks of data together. To “counterfeit” a false block giving a hacker counterfeit Bitcoins, he would therefore have to create an entire false blockchain of 498746 blocks (as of 8:48 am EST). Thus, the blockchain provides tremendous security for digital currency and/or data.
The Expo was exciting! 10,500 people and 300 exhibits covering cryptocurrency and blockchain, the Internet of Things (smart objects in the real world able to interact, such as self-driving cars or voice activated lamps) and artificial intelligence (computer programs that “learn” as you use them, like Google discovering what you search for and feeding you relevant advertising based on that).
It reminded me of the personal computer industry in the mid-1980’s when all the software and hardware was new. There had never been personal computers before. Word processing programs, spreadsheet programs, bookkeeping programs were just being developed for the first time. The industry was booming and the excitement of creation was contagious!
Even though I got back a week and a half ago, I am still struggling to catch up on my emails, calls and so forth. But I did want to get you a report on new coins of interest. Please note I have not had time to check these out. So you will have to do your own homework on them if you want to invest in them. I do hope you find these of value, but keep in mind I’m not an investment advisor. Just a cryptocoin writer sharing my views with you.
Continue reading “Report from Blockchain Expo in Silicon Valley Nov. 39 & 30 Nov.”
Bitcoin Cash has gone up as high as $2400 and is now back to about $1270. Bitcoin appears to have stabilized at about $6150. So, I’ve switched back from all Bitcoin Cash to Bitcoin again and have decided not to suggest to others what to do. Most people can’t jump in and out as I can nor spend the time watching the market as much as I.
A few days ago, Bitcoin Cash price starting skyrocketing. Then two days ago, Bitcoin’s price started on a big drop. I’ve been wondering what was causing this, but couldn’t find anything to explain it to my satisfaction. Then yesterday morning I found an open letter that explained it. It was shocking and I didn’t know if it was real or what to do if it were. After a few hours, I decided to move all my Bitcoin to Bitcoin Cash. This was a risky move and counter to anything I’d done before. I wasn’t ready to broadcast the news to others until I saw confirmation. Today’s prices are confirmation.
I’m NOT telling you to sell all your Bitcoin for Bitcoin Cash unless you are a serious risk taker. I am telling you what I found so you can decide what to do. You may want to consider moving 50% of your Bitcoin to Bitcoin Cash.
I do think you must have this data now.
Here is the link to my non-technical revision of the original article. I’ve removed the super technical material or explained it in simple non-computer terms.
Here is the link to the original article on the web.
I’ve invested in cryptocurrencies for 2 years and owned Bitconnect coin since April 2017 at $7. (12:38 pm EST, Oct 31, 2017 it’s it’s $235.30. It has an impressive graph. ) About 2 weeks ago I entered its lending program. The lending program is equally impressive, the percentage varies, but it averaged .9% (9/10ths of one percent) per day for the last 6 months–that’s about 500% if you reinvest your daily interest!
However, last night I saw a website that claimed Bitconnect was a scam. That worried me, so I decided to see why people thought that so I would know whether it’s true.
Continue reading “Bitconnect’s lending program”