Introduction to Bitcoin

For those of you interested in a primer on Bitcoin here are two great resources. I’ll answer any questions the best I can. First, here is a speech (video and text transcription) by Andreas Antonopolous on Bitcoin. He wrote Mastering Bitcoin and The Internet of Money. Andreas hits on several comparisons for Bitcoin including: the earliest writings were spreadsheets (a primitive blockchain), …

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Bill Gross on Bitcoin, Blockchain

Bloomberg reports Bill Gross has the following to say about Bitcoin: New financial technologies such as bitcoin may become increasingly attractive to investors as a protection against central bank low- and negative-interest-rate policies that threaten capitalism, according to billionaire bond manager Bill Gross. “Bitcoin and privately agreed upon blockchain technologies amongst a small set of global banks are just a few …

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Bitcoin ETF deadline and Auctions

The SEC deadline to approve the Winklevoss Bitcoin ETF is October 12. This has been in process for almost three years. Why a Bitcoin ETF? This would open Bitcoin to Institutional investors and Joe Stocktrader. Tell your Uncle about Bitcoin at Thanksgiving and he could buy it Monday in his 401k. “If a Bitcoin ETF brings additional capital to bitcoin, it …

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Everyone remain calm

I was not worried about the European banking system until a European finance minister said to not worry. https://t.co/l2MjuUnS3r — NassimNicholasTaleb (@nntaleb) September 29, 2016 When the Titanic hit the iceberg the Captain told everyone to remain calm while the wealthiest passengers were loaded onto lifeboats. If (when) DB fails what happens next? Bail out? Nationalization? Bankruptcy?

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Apple punches Fitbit in the kidneys

$FIT is off almost 10% on news that Aetna is reimbursing policy holders for purchasing Apple Watches due to studies showing owning an Apple Watch improves health. “Beginning this fall, Aetna will make Apple Watch available to select large employers and individual customers during open enrollment season, and Aetna will be the first major health care company to subsidize a significant …

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Breakout in $ILMN and $NOW

ServiceNow $NOW breaks out of Triple Top and resistance going back to January. Conservatively wait till 80 or $81 or build a small position today sub $80. Stop at $73. Illumina $ILMN breaks quadruple top and resistance going back to January. Stop at $164.

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BHP Billiton to use Blockchain

$BHP to use Ethereum and a custom Blockchain to track mining information. BHP Billiton revealed at the second annual Global Blockchain Summit that it will use blockchain to record movements of wellbore rock and fluid samples and better secure the real-time data that is generated during delivery. According to BHP geophysicist R Tyler Smith, the new system will enable benefits for …

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Whales Welcome at Winklevoss Bitcoin Exchange

The Winklevoss Gemini Bitcoin Exchange daily auction went live this week. This article highlights the benefits of their daily auction for Bitcoin to fill large orders without moving the price. It’s a place whales can feed in peace. How Does Auction Work? All eligible orders will be filled at the final auction price at 4:00 p.m. ET. The final auction price …

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Bitcoin, the Reserve (Crypto) Currency

BitMEX is out with an article on Bitcoin as a Reserve Currency for Cryptocurrency traders. The holy grail for many users is a cryptocurrency that has a growing market cap, and falling price volatility. A large market cap helps improve liquidity and reduce transactions costs. Falling volatility means that Bitcoin can retain its value for longer periods of time. That …

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