Bitcoin: not just for Neckbeards anymore

Bitcoin is easy to mock. With Kim Dotcom, Mike Tyson, Mike Karpeles, Winklevii and Roger Ver as public faces of Bitcoin it’s tempting to write Bitcoin off as a nerd money fad. However, things change quickly. Remember, only nerds used computers less than 20 years ago. Now everyone owns smartphones, tablets and 1-2 computers. The video below does a good job showing …

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Megaupload founder says buy Bitcoin

If you haven’t heard of Megaupload founder Kim Dotcom then hold on because you are in for a treat. His Wikipedia: Kim Dotcom (born Kim Schmitz; 21 January 1974), …. first rose to fame in Germany in the 1990s as a teenage internet entrepreneur. In 1994 he received a two-year suspended sentence for computer fraud and data espionage because he was underage, and …

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Arcade City to launch Sept 1st

Arcade City is a decentralized ride sharing service set to launch September 1st. It aims to compete with Uber and Lyft. What makes Arcade City different is that it’s goal is to have the Arcade City network be the service. Riders and drivers will connect via an app and all payments will be automated peer to peer. There will never …

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Bitcoin AKA Magic Internet Money

Most people who have heard of Bitcoin think Bitcoin is Magic Internet Money. In layman’s terms Bitcoin is a series of entries in a distributed ledger called the Blockchain. The entries in the ledger are secured through cryptography. Cryptography is also used to protect your online banking website. At a high level Bitcoin and your banking website security are similar. …

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Book review: The Boy Plunger

The Boy Plunger is a biography of J.L. Livermore. J.L. Livermore (Jesse to those who didn’t know him) is the same person who is the subject of the seminal (no homo) investing tome Reminiscences of a Stock Operator. While Reminiscences was known to be loosely based on Livermore’s life, The Boy Plunger endeavors to be a historically accurate biography of one …

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My Portfolio in Video Form

This video reminds me of my portfolio. I am the fireman rushing from stock to stock to put out fires. Most fires have been of the small backyard variety but I have had some multi tenant highrise torchers as well. Sometimes the market works with you, sometimes against you. Lately it’s been against. Here’s to a better 2013.

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VMW: Stay Within the Lines

VMW has been range bound for ~2 years. How range bound? It’s imitating the basejumpers in this video going up and down a tower in Kuala Lumpur over three days. Buy at 87 and sell at 95ish will be my game with VMW.    

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You know nothing John Snow (FB and YELP)

A few weeks ago there were several IBC blog posts bashing FB and YELP. I should know, I wrote several of them. Look at them now. FB is up more than 20% since June 1. YELP up for 50% gain. RaginCajun and ChessNWine opened and closed FB positions. IBC blamed FB for everything from egregious stock losses to impotence. There …

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Stick a Fork in $YELP

Google just added a “Local” section to Google+. LOL NO ONE USES GOOGLE+ you say? Partially true. Today. But the people that matter do (the early adopters), and the rest will follow. Google has a long term plan to organize the world’s information. Ever use their search? They seem to be doing a pretty good job of it so far. …

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