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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Your typical Bitcoiner

This enterprising YouTuber is technically selling his house for Litecoin (rather than Bitcoin), but there are so many great things about this clip I had to share it. Whether they choose Bitcoin or a shitcoin, there are people putting their money down on Cryptocurrency. For every pick up driving, no seatbelt wearing and possibly open container law breaking Duck Dynasty reject there are …

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BAML – We may already be in the matrix

I guess writing about actual markets are just too boring for the analysts at Bank of America. In a note to clients out Tuesday, Bank of America Merrill Lynch said there’s a 20%-50% chance that we’re living in the matrix — meaning that the world we experience as “real” is actually just a simulation. Well fuck it then. YOLO.

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Arcade City WTF

Arcade City, the decentralized ride sharing service that will compete with Uber and run on Bitcoin, is available on the Apple App Store. I downloaded the app and logged in. The message I got was below: Arcadians in San Diego need a combined 1307402 karma to reach City Level 1 and unlock ridesharing functionality. Current city Karma: 68 out of …

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An $AAPL a day will make you gay

$AAPL broke ascending triple top triangle yesterday. (triangles are also gay) I don’t believe this will stick. It’s iPhone hype. Still, noting a pattern on $AAPL is worth documenting. Let’s see how it plays out. What do you think? The great thing about TA is it only deals with charts and doesn’t give a shit about my opinion, that was …

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$ILMN – feeling lucky?

Here’s an interesting chart on $ILMN. A close above $176 is a quadruple top break. A close above 178 breaks resistance going back to January. Do you feel lucky looking at this chart? Well, do ya? And here’s another look with different timeframe:

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Bitcoin gets punked

Bitcoin hits resistance at $630 and shits the bed back to $600 in less than an hour. Possible cause? Who the fuck knows. You have to love the volatility of Cryptocurrencies. Was it Hillary passing out at World Trade? Did some Chinese news hit? Cryptocurrency makes Chinese Burritos look like old man 401k stocks. Industry change (fintech) isn’t always pretty or …

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You won’t see this on CNBC

Here’s an interview with Riccardo Spagni AKA FluffyPony who is a core developer of the cryptocurrency Monero. One of the interviewers spends the first couple minutes using a sharpie to draw a tie on his shirtless body. In the first five minutes they joke about FluffyPony’s involvement in Monero as him playing the “long con” and his planned “exit scam”. …

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Britain to Mastercard: Bugger off

The Brits are suing Mastercard for $18 Billion citing high fees as an “invisible tax”. The lawsuit comes after the European Union’s antitrust regulator found in 2014 Mastercard’s fees to store owners to process international payments within the EU were excessive. Law firm Quinn Emanuel said the lawsuit was the largest damages claim in British history and would be brought …

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