What was around US$1,500 a week and a half ago is now worth US$5,015. Thanks to completely forgetting about a Bittrex account, we are sitting on an 8,368% return on our initial US$59.10 outlay.
The further away from ‘normal’ a prediction is, the less our brain is inclined to believe it. That anchoring mechanism is then backed up by a second survival trait. The tendency to stay in the safety of the herd. The result?
If you think the mainstream has become addicted to bitcoin, wait until they get their first taste of altcoins. You thought 2017 was big, you ain’t seen nothing yet. 2018 is flat out going to blow the roof off.
Someone wants to give you $1 million dollars. You can accept it in either bitcoin, or the Venezuelan bolivar. So, which one would you choose? The ‘real’ currency? Or this ‘fake’ internet money?
The latest to downplay the digital coin is Philip Lowe, governor of the Reserve Bank of Australia (RBA). Lowe called bitcoin a ‘speculative mania’. But of course that’s what you’d expect a central banker to say.
Is the Aussie property market ready for a fall? The experts seem to think so. One thing to remember in all this is that the experts have been predicting an Aussie property crash every year now since 2011.
When thinking about your longer-term strategy, the first question you should ask is, are we in a bull or bear market? At the start of the year, I was pretty confident we were in an ongoing bull market. Now I’m not so sure.
Caterpillar [NYSE:CAT] shares are up 55% for the year. Being so big, and having operations so wide, it’s the perfect bellwether stock to see how the global economy is ticking over.
Litecoin price has skyrocketed in the last week. Jumping 111% on the back of the bitcoin futures market opening in America. This strong, positive relationship makes sense. Litecoin is essentially a 'spin-off' of bitcoin.
There’s still a shaky feeling around the global economy, as people worry what years of money printing and low interest rates have done. But that’s precisely why interest rates have to rise. And soon…