Read this before doubling down on Ripple

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Posted by Simon Black - Sovereign Man

on Thursday, 04 January 2018 11:31


Screen Shot 2018-01-04 at 11.37.53 AMYou’ve probably heard that Ripple (abbreviated as XRP) has soared, more than tripling since Christmas.

The overall market cap for XRP (i.e. the combined value of every single token) now exceeds $140 billion.

In the incredibly faddish and volatile cryptocurrency sector, this makes Ripple the flavor of the month.

Now... this week we’ve been talking about avoiding MAJOR mistakes.

Remember-- it won’t matter how much success you achieve if you lose it all from making bad financial decisions.

You don’t have to get a whole lot right in life as long as you don’t get a whole lot wrong.

This is one of the simplest financial maxims to live by.

Most of the time, catastrophic financial decisions are completely avoidable if we exercise common sense.

As we discussed yesterday, there’s not a whole lot of common sense these days in the cryptocurrency space.

Crazed speculators continue to bid up cryptocurrencies to greater heights without the slightest understanding of what they’re buying.

How many people who are bragging about how much they made in Bitcoin have even bothered to read the original 9-page white paper, or have the foggiest idea what a Merkle Tree is?

Now we’re seeing another mad rush into Ripple (XRP). And if you’ll indulge me for a moment, I’d like to provide a bit of perspective.




Bitcoin's Crazy Dance a Step Ahead of Bloomberg, as Usual

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Posted by Rick Ackerman

on Tuesday, 02 January 2018 06:50


Bitcoin’s crazy shenanigans are making the news media’s attempts to keep up with them seem pathetic. Bloomberg’s latest update, from four hours ago, has trumpeted the headline Bitcoin Starts a New Year by Tumbling, First Time Since 2015.  In actual fact, after trading moderately lower on the opening bar of 2018, one popular bitcoin vehicle, $BRTI, is currently up $263, at 13,849. Ordinarily Rick’s Picks would suggest using a ‘mechanical’ entry to short the little sonofabitch if the rally hits $14,277, using a stop-loss at 16,477. We’ll pass this time, however, and resume actionable guidance after traders have had a few days to shake off mind-dulling excesses of holiday food, libations and festivity. Stay tuned if you care — and please note that all real-time trading recommendations will be published here first, then at FXStreet.com as soon as they can get to them. 



Dollar Collapse

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Posted by Gary Savage - Smartmoneytracker.com

on Friday, 29 December 2017 06:13

The US Dollar continues to confirm that is not only in a bear market, but likely to collapse in 2018. This will have significant implications for all kinds of investments.






Bitcoin: Additional Suspicious Developments

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Posted by Seeking Alpha

on Wednesday, 27 December 2017 06:40

Screen Shot 2017-12-27 at 6.42.05 AM


- Tethers are being issued at a pace of 13 billion per year.

- No one knows where the money is, but no one seems to care.

- Bitfinex halted new accounts registrations.

- Bitfinex employee's profile suggests that he or the company is being investigated.

- Tether Limited runs the Bitfinex playbook by imposing redemption minimums, effectively freezing customer funds.

- This idea was discussed in more depth with members of my private investing community, Core Value Portfolio.

In my previous articles, I talked about the surprising correlation between the supply of Tether and the price of Bitcoin. I encourage you to read both of them for some background. In essence, there are good reasons to believe that Tether Limited is issuing Tethers that are not backed by USD as promised in order to purchase Bitcoin through Bitfinex. After examining the flow of Tethers, which originate from Tether Limited and are then subsequently distributed to various other exchange all through Bitfinex, I believe that Tether's correlation to Bitcoin is no simple coincidence.

....continue reading HERE



Bitcoin Bubble

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Posted by Bob Hoye & Ross Clark - Institutional Advisors

on Wednesday, 20 December 2017 06:49

 Screen Shot 2017-12-20 at 6.54.47 AMScreen Shot 2017-12-20 at 6.55.32 AM







Bitcoin has been the headline item in recent weeks. Its pace has surpassed the gold and silver run of 1979-80 and the NASDAQ of 1999. But it is not unlike the real high-fliers of the Dotcom mania. A realistic comparison of Bitcoin is best done with Qualcomm of 1999. 

Screen Shot 2017-12-20 at 7.00.11 AM

The key lows in QCOM had been $2.36 in 1998 (42x move to $100), $0.92 in 1994 and $0.40 in 1992 (250x move to $100).

If the next consolidation in Bitcoin holds above $11,000 then we could be looking at a double from the corrective low.



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