While bitcoin was going through a massive pullback in December, another cryptocurrency was smashing records. This tiny crypto saw a 357% gain in just one month. Its market cap blew through a billion US dollars, and shows no signs of slowing. The problem is, it’s a joke.
Part of Bitcoin's value is based on what it can currently do — namely store and transfer your wealth in a decentralised non-government controlled system — and part on what it will be able to do in the future. It’s the second part I want to talk about today. That’s the part the critics overlook. Because 2018 is set to be a very exciting time for bitcoin development.
Imagine looking at a pile of money in your bank account that you cannot touch. You cannot move. You cannot do anything with. That’s what’s happening to me right now. But these are the kinds of risks you face when using a crypto exchange. Any exchange.
The crypto rush is perhaps the biggest wealth creation event in human history. Average people like you and I could have a chance to become millionaires or even billionaires by grabbing a stake in it now.
In amongst all that bad news and declarations that bitcoin was ‘a failed project’, it appears one of the world’s biggest tech investors has been quietly buying up bitcoin. 2018 should see some big strides in their technical progress. The big money knows this and is starting to move in. But they don’t want to show their hand yet.
With the Trump tax cuts likely to prop up confidence and the US economy, I think you should have at least a part of your portfolio in some speculative sectors. If the good times are going to continue to roll, you want to make sure you’re making hay while the sun still shines.
Today’s article, originally published on 20 October, looks at a persistent myth in markets, a coming ‘step change’, and how you could profit.
Today’s article was originally published on 17 November. At the time it was written, the bitcoin price was AU$10,287. Today it’s a lot higher. As you’ll read, money is changing. And global adoption is about to explode. You can’t ignore this…
The latest company to jump on the bitcoin bandwagon is Long Island Iced Tea Corp. [NASDAQ:LTEA]. The unprofitable company changed their name to Long Blockchain and saw shares rise as much as 289%.
Passive investing is a mug’s game. If you want to chase down the biggest and best returns, you need to pick winners. Be active. That may come in the way of stocks — or in our view also in crypto. You must consider investing in these areas for 2018.