Billionaire Boys Club

If you had 1 billion dollars how much due diligence would you do before opening 8 or 9 figure positions? I’m curious because some of the largest investments I see in BTC defy logic. Sure, if you’re a crypto kid in your mom’s basement YOLO’ing BTC is fine, but if you have 9 figures in a public company’s treasury I …

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One Chart

This chart presented by TAAL’s Jerry Chan at last week’s Coingeek conference sums up the investment thesis for Bitcoin SV. Full presentation here. This chart represents the point when the BSV mining network is being sustained by transaction fees rather than by block rewards. Keep in mind, the block rewards in Bitcoin are programmed to decrease every four years. Sustaining the …

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Fool’s Gold

Let’s say it like it is: it’s been a tough six months for bullish BSV traders. I am reminded of the market adage: The market can remain irrational longer than you can remain solvent. Irrational is an understatement. We are living in an upside down financial world: Black is white. Buying bankrupt company stock is a foolproof money maker. TSLA …

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Patents, Copyrights and Lawsuits – Oh My

Bitcoin SV price has under-performed BTC by 20% in the month of August. This price lag has caused a few interesting comments and articles to be published pondering what is holding BSV back. Bitcoin SV is a protocol on which developers have built a competitive ecosystem of applications. BSV is designed to comply with legal requirements while scaling with near …

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Bitcoin Scales Or It Dies

The current throughput of BTC is 7 transactions per second. That’s 420 tx a minute. ~600,000 a day. For a global network? How do 7 Billion people use a payment network that can only process 600,000 transactions a day? Ethereum is doing nearly double that number of daily transactions but is also having a lot of problems with scaling and …

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Market Signal: Point Break

BTCUSD is breaking below the daily Ichimoku cloud (standard settings). BTCUSD – click for big This indicates a bearish trend confirmation from the bearish TK cross on June 14. BTCUSD has crossed the cloud barrier six times in the past 12 months. Four of those six signals led to significant moves. This move sets BTC up for hitting targets $8800, …

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Count Your Blessings

Jay Powell has been a generous God. Count your blessings under his reign. Powell’s policies of spending your future tax dollars to protect the banking system have created a historic windfall for those closest to the Fed machinery. I highly recommend that you read up on the Cantillon Effect. It’s been a hot topic lately for good reason. Brief update …

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Sell in 2020 and Go Away

Very few things make sense in 2020. With Seattle’s CHOP zone, the now iconic St Louis gun toting couple and the destruction of statues coast to coast it seems Fight Club’s Project Mayhem has become the norm rather than the exception. Seattle CHOP St Louis Ripping down statues in USA I am reminded of this final scene in Fight Club …

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SPYing A Trend

The SP500, aka the SPY, has been on a tear since the low of $2,200 on March 23rd. To the disbelief of many, the market has been on a V shaped recovery so far. As I am a primarily a trend trader and use the Ichimoku Cloud as my primary technical trend indicator I noticed today that the SPY had …

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Tesla Bulls Euphoric

Tesla stock is resembling SpaceX as it rockets into space day after day. Up 10% on Friday followed by 13% today. But I have some sobering news. The return to Earth is near. Betting against Tesla has been a bad idea for years, but I have reasons to write this now. There are predictable cycles in markets. Tesla exuberance has …

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