The words were there in black and white at the end of this article “Careful What You Wish For“. “I was Satoshi”. Dr Craig S Wright has outed himself (a second time) as the person behind the name Satoshi Nakamoto and as the person who invented Bitcoin. To my surprise this announcement didn’t change anything in regards to Crypto markets. …
Read More »Uncategorized
Buying Blood
Deflating a bubble is painful, expectations are crushed, portfolios liquidated, communities disbanded. Malinvestment warps any market. The gold rush caused by BTC appreciation caused a market for shitcoins to emerge that rivals other bubbles in history. There is a predictable cycle to all things and crypto is not immune: We’ve all heard “Sell when others are greedy and buy when …
Read More »Bitcoin: What’s in a Name?
What’s in a name? That which we call a roseBy any other word would smell as sweet.-Romeo and Juliet, Shakespeare Bitcoin is suffering from an identity crisis. There are three different coins that claim they are real Bitcoin: Bitcoin Core (BTC), Bitcoin Cash (BCH) and Bitcoin Satoshi’s Vision (BSV). Will the real Bitcoin please stand up? Contention over the name …
Read More »The Power of Money Button
If money is power then control of money is absolute power. Give me control of a nation’s money supply, and I care not who makes its laws.Nathan Rothschild The power of the control of money allows major payment processors (and by extension governments that regulate processors) to curb free speech as evidenced by bans of Wikileaks, Gab and the deplatforming of …
Read More »Crypto Must Die
There are over 2,100 coins listed on CoinMarketCap.com. This is the result of the greatest hype and speculation cycle in modern times. I have been pondering how this clusterf*ck resolves itself. Coins, unlike companies, don’t go bankrupt. As long as a group of nerds is mining a coin in their basement that coin can survive. This means that hundreds of …
Read More »2019 Predictions
Before we go into predictions for 2019 here is a recap of predictions I’ve made in the past: Trump will win the Presidential Election SP will crash before Jan 1 2019 from September 2018 update from July prediction here Buy Bitcion when it was under $1,000 Bitcoin to Supermoon (at price $750) Calling out the WSJ for being a signal of a top …
Read More »Enjoying A Crypto Melt Up
Things are good in Crypto land. I’ve managed a return that would shame billion dollar money managers for their entire career in the past two weeks. I’ve enjoyed egregious gains and catastrophic drawdowns since my first Bitcoin purchase at $13. It’s been a wild ride. Were I not in early enough and had weathered the dot com collapse I may …
Read More »Everyone is a Bitcoin Expert
Bitcoin breaks $15,000 and everyone is an expert. It’s amazing how that happens. I wonder where all these experts were when I recommended it last Summer. I look forward to you all sharing your wealth of information and insights based on the CNBC article you just read. Moments ago I received a call from a friend saying he was introduced to …
Read More »10 reasons Trump will win
Elections are like Baseball. It only gets interesting when the playoffs start. Here’s why Trump will win: 1) Russia. What the fuck are we doing? The voters are tired of the US being the world’s policeman. Trump may be a nut but he’s a nut focused inwardly on our problems vs ginning up some drama with Putin. Focusing inward is the best domestic …
Read More »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 — Nassim Nicholas Taleb (@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?
Read More »