A useful currency should be a medium of exchange, a unit of account, and a store of value. But to this day, Bitcoin - which was touted as a viable alternative currency - has failed to achieve this.
You see, because bitcoin is so volatile, a consumer or an investor can significantly overpay or underpay for a product. A product that costs $7,000 can cost $8,000 or $6,000 in a few hours.
Also... ››› more
Stand aside bitcoin and Ethereum!
There's a new crypto storming the market.
And it could revolutionise the way the world transacts and more!
Things are hotting up fast already…
In three weeks, it's price surged 65% - from $0.43 in August to $0.72 in September.
Urgent Penny Stock News: September 30th - Ci... ››› more
Forget about the much-anticipated Bitcoin ETF.
Forget about the “big win for bitcoin” I mentioned last week.
You see, there's even bigger news that could be a game-changer for bitcoin and cryptos.
In short, Bitcoin could be on the verge of breaking through as a mainstream currency.
And it's all thanks to a start-up company that's soon to be launched by one of the most powerful pl... ››› more
Last week, I revealed the Bitcoin ETF “dream” unfortunately hit a roadblock.
And it was all thanks to the Securities and Exchange Commission (SEC) for delaying its decision on whether to approve a Bitcoin ETF.
This prompted a “mini-crash” in the bitcoin price (and cryptos in general), which fell around 12% overnight.
But once the markets digested this negative news, something else b... ››› more
We've seen almost every major financial institution in the world state that they either intend to start trading crypto, or that they already have.
We've seen companies like Coinbase bringing in multimillion-dollar hedge funds into this market.
We've seen regulators declare that bitcoin and Ethereum are not securities and regulations relaxed.
And yet crypto prices continue to slide.
But... ››› more
Imagine if you made a 32,377% return in one year…
It would've turned a R1,000 investment into R323,770!
Well the incredible thing is one crypto managed to achieve exactly this in 2017.
Ripple's XRP coin - the third largest crypto by market cap today.
But despite such an incredible run last year, here's why you must avoid it in 2018.
Special: I’ve Reserved a Copy of... ››› more
In June, I revealed “The worst kind of crypto you can own” to my MoneyMorning readers.
Now, if thought this was a bad crypto, you haven't seen anything yet.
You see, recently, another new crypto has been making headlines, not globally, but interestingly, right here in South Africa.
It's called SAFCOIN and it just launched an initial coin offering (ICO) exclusively to South African inv... ››› more
Have you seen a bitcoin price chart lately?
Well, if you haven't, something incredible has happened over the last seven days.
Just take a look at the chart below…
The chart shows you the bitcoin price in rands. In just seven days’, the price has increased over R16,700!
In dollars, bitcoin shot up from $6,155 to $7,367 as I write this. And other cryptocurrencies have followed.
But why... ››› more
Over the past month, I've been receiving many questions from readers who are invested in Bitcoin and Ethereum.
And the one question most South African crypto investors want to know the answer to is...
“Does Bitcoin and Ether have any growth potential?”
This isn't a surprise given that both these cryptos have fallen quite substantially this year. The thing is, so has the entire crypto ... ››› more
Between 29 June and 03 July, the crypto market rose over $40 billion.
The market jumped from $233 billion to $276 billion in just 4 days.
Even the entire top 100 cryptos increased by double digits.
Now you may be thinking, “But that's the nature of crypto markets. what's so special about this?
Well, I'm sure you seen how the crypto market has been steadily bleeding for months now. E... ››› more
We all know the “Crypto Revolution” has taken the world by storm. And on many occasions, I've revealed some of the game-changing events happening in the global crypto market.
Events like, the New York Stock Exchange (NYSE) opening up a bitcoin exchange and Goldman Sachs moving ahead with a crypto trading desk.
And how the absurdly wealthy Rockerfeller and Rothschild families were stocki... ››› more
Have you ever heard of the hit US comedy show called Silicon Valley?
It's centred around five “geeky” guys who develop a start-up
company in the hopes of striking it big in Silicon Valley.
If you're into tech, this is a TV show you should definitely be watching.
It's not a serious show, but this last season in 2018, Silicon Valley predicted a major development in the world of crypto.... ››› more
Have you heard about a new crypto that's been making headlines in the crypto world?
It's called Hedera Hashgraph and it claims to be able to do everything blockchain technologies like bitcoin and Ethereum can do but much, much better.
Its white paper says it can process over 250,000 transactions per second (tps).
That's about five times what VISA can do. About 12,500 times what Ethereum c... ››› more
Two weeks ago, you heard that the wealthiest families, the Rockerfellers and Rothschilds, are buying cryptos.
I also explained the game-changing events happening in the crypto market right now - especially with Bitcoin and Ethereum.
Quite frankly, we're on the cusp of something major in the crypto world.
And if you're invested in crypto, then you're definitely going to like what about ... ››› more
We hear a lot about how cryptos will change the world. But what are they supposed to be changing specifically?
What is the big impact blockchain and other crypto tech is actually supposed to have, and on what areas of our lives?
Well, in today's issue I'm going to list the top two predictions I've seen for what this technology will do in the coming years.
And we’re not talking over ... ››› more
The world's richest and most powerful are buying crypto.
No I'm not talking about…
Facebook’s Mark Zuckerberg
Legendary investor Warren Buffett
Microsoft’s CEO, Bill Gates
Not even the world’s richest person, Amazon owner, Jeff Bezos.
I’m talking about people whose wealth spans hundreds of billions.
Don’t know who I’m talk... ››› more
Did you know that every decade since the 1970's, the world has been defined by a core technological breakthrough?
And people who recognised these breakthroughs, turned into multi-millionaires, even billionaires.
You see, in the 1970's, mainframe computers emerged, which saw the rise of IBM.
In the 1980's, personal computers went mainstream, which saw Apple, Microsoft and Hewlett-Packar... ››› more
Whether you're running a business or starting a profitable career, you need to be able to track your success.
You need to know how well the venture is doing, when the bad months are and how it's operating on average.
The same applies for when you run local or international trading account.
Only this way you'll see if your trading is on the way to consistent profits or on a one-way street ... ››› more
Right now, we are living through a revolution in money - the cryptocurrency revolution.
I'm sure by now, you already know the potential of cryptocurrencies and how they're minting new millionaires every day.
The more mainstream cryptos have become, the more people have started to take interest in it. In fact, over the past year or so, plenty of South African's have invested in cryptos and ... ››› more
Okay. So you've got in, bought some cryptos, hopefully seen your profits increase and now cashed out for a sizeable gain.
The only thing left to do, before you go spending all that money, is pay your taxes.
I know this is not the most exciting part of the guide, but it's potentially the most important.
You don't want SARS to come knocking at your door, because you didn't pay any tax.
... ››› more
Disclaimer Note that FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found in this publication.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this newsletter. However they have signed restraints to prevent the abuse of their position as contributors to this publication.