coinspeak

20 years as an IT consultant. Escaped the rat race in 2015. Addicted to travel and tacos.

$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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Bitcoin vs Gold

One year chart. Gold performed well over past 12 months but Bitcoin performed better. Bitcoin will crush your dreams if you chase it. It’s up from $575 to $630. Above this resistance we have $700+ within reach. A trip back to $575 would be a buying opportunity.

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Will $YELP follow $LNKD?

LNKD broke above a downtrend and has continued upwards almost 10% above resistance as part of a multi month move upwards. $YELP is up against resistance now. Will it follow in $LNKD’s footsteps? Are you a buyer with a tight stop here?

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Economics in One Lesson

Economics in One Lesson, written in 1946 by Henry Hazlitt, is an excellent book. From Chapter 1: Doesn’t everyone know, in his personal life, that there are all sorts of indulgences delightful at the moment but disastrous in the end? Doesn’t every little boy know that if he eats enough candy he will get sick? Doesn’t the fellow who gets …

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$DDD $BIDU $AMZN $NOW $TWLO

$DDD possible reversal after GE buys competitors. Caveat emptor. $TWLO on the move. $NOW getting interesting here. In response to White House Press Corp upset about a red carpet for Obama Chinese official responds with “Theses are our $CHINESEBURITTOS.” $BIDU $AMZN continues to decapitate your corner store, $WMT and soon favorite shipper.

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Harvard professor on Curse of Cash

http://video.cnbc.com/gallery/?video=3000548776 Couple of interesting statements: There are 4,000 $100 bills in circulation for every man, woman and child in the US. In many foreign countries up to 90% of US bills are $100 denominations. Regarding Bitcoin he states “They allow it for now and they’ll prevent it in the future”. Other than outlawing Bitcoin, like FDR outlawed gold, that shows …

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Monero on a roll

Monero, the privacy focused cryptocurrency, punched the mustache off all bearshitters this past month going from $2.5 to ~$13.5 and it’s still running. Unlike Bitcoin, which keeps all transactions on a public ledger, Monero transactions are not traceable. Monero provides a layer of anonymity not available with other cryptocurrencies. The bump in Bitcoin from $575 to $600 may have been …

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