The quote above is what Jehan Chu, managing partner at blockchain investment and advisory firm Kenetic Capital in Hong Kong, recently said about Bitcoin.
What made him say this?
Well, last week Donald Trump continued his ‘tariff tantrum' by adding 10% tariffs on another $300 billion in Chinese imports, starting 1 September.
China retaliated by asking state buyers to halt American ag... ››› more
Tether is a name that comes up again and again in crypto.
It's been called negative things like a ‘scam' and ‘fraudulent'.
On the other hand, as a stablecoin, it’s also been called ‘the most useful cryptocurrency in existence’, since its price is pegged to the dollar.
But today I’m not here to join in on this debate.
Instead, I’m going to sh... ››› more
Like many financial instruments, it's in a crypto's interest to get big trading volume numbers on exchanges.
This shows that people are taking an interest in it and are actually using it. It shows investors believe in the crypto's project.
It is also in exchanges' interest to have large volumes of crypto traded. The higher volume your exchange has the more trustworthy it seems, and the mor... ››› more
“Alt season” in the crypto world, is when people take their gains from bitcoin and pile them into ‘alternative' cryptos, hoping for higher returns.
During the bull run of 2017, this action rocketed many top altcoins by hundreds, even thousands of percent. For instance,
• NEM grew 709% between 7 December and 4 January
• Ripple grew 1,508% between 7 December and 4 January
... ››› more
Right now, many investors are scrambling to find assets that don't follow the swings of the stock market.
Their first choice is gold.
You see, gold has constantly proved itself as a supreme store of value. If investors get scared by financial or political news, gold makes a great insurance policy.
It is almost certain to hold its value over time.
And obviously in times of turmoil, ... ››› more
This year alone we've seen Bitcoin rise over 200% in price. And in just one month, it's pierced right through the expected target of $11,890 which I sent out on 27 May 2019.
Take a look at the before and after chart to see how it panned out.
This is the first time, in 17 months, we've seen Bitcoin hit these kinds of high prices. The interesting thing is that it looks... ››› more
Litecoin is one of the world's most popular cryptocurrencies.
It's currently the fourth largest crypto by market cap and has remained near the top pretty much since its inception in October 2011.
And right now, there's no denying Litecoin is one of the most hyped cryptos out there.
After all, the coin has rocketed over 300% this year alone. That's more than what you would've received f... ››› more
Q. "I see there's been a lot of hype about Bitcoin and gold over the last couple of weeks. Could you briefly compare the two coins so that I can understand better what I am trading?"
A. I'll compare Bitcoin and gold with different categories.
6 Differences between gold and bitcoin
1. What is it?
Bitcoin is a digital and an int... ››› more
Last week we discussed how I'm expecting a huge price rally with the crypto-currency - Bitcoin.
If you missed the article, catch up here...
Today I'm going to follow up and show you why Ethereum, the second most popular crypto-currency, is nearly ready to become the next world computer, why I expect a rally and how you can profit from the price rally.
Recomm... ››› more
It's been a big month for Bitcoin.
You see, investors and traders from all over the world have been waiting eagerly for the SEC to either accept or reject the Bitcoin ETF (VanEck SolidX bitcoin-exchange-traded-fund) proposal.
However, on 22 May 2019 Wednesday, last week the decision was once again delayed to 19 August 2019 for the final deadline.
This gives us the perfect opportunity ... ››› more
2019 is shaping up to be a stellar year for crypto investors.
If you bought the two biggest cryptos - bitcoin and ethereum - at the beginning of 2019, you'd be sitting on gains of 63% and 29% respectively.
That's more than double the returns of the S&P500 and the JSE All Share.
But, cryptos are more than just about prices and gains.
There are bigger things happening behind the ... ››› more
Did you hear that roughly one in every 15 people on the planet recently had their personal details stolen?
That's right, Marriott hotels announced that 500 million customer details have been compromised.
The company said,
One in every 15 people on the planet have just had their “name, mailing address, phone number, email address, passport number, Starwood Preferred Guest (“SP... ››› more
Many people have dubbed cryptos, the currency of criminals.
People believe that each day millions of dollars' worth of cryptos are being used for hacking, money laundering or drugs.
Of course, there are people that use cryptos for illegal purposes, but if this was its main purpose, then the crypto market would be MUCH bigger.
The fact is, criminals still favour cash…and banks.
Let me... ››› more
When the global Financial Crisis hit back in 2008, investors flocked to gold.
In fact, gold achieved the highest return out of all assets.
The same thing happened when September 9/11 happened in 2001.
My point is, gold was generally the go-to “safe-haven investment when crisis hit.
But if a major crash or recession had to happen tomorrow, do you think investors would flock to gold fo... ››› more
Last week, I explained a “new” type of cryptocurrency that's making headlines - stable coins.
More specifically, I delved into the first type of stable coin currently available right now called fiat-collateralised stable coins.
These are simply coins backed by real currencies like dollars and gold to bring stability to the volatile crypto market.
Today, I'm going to share the next typ... ››› more
Last week, I introduced MoneyMorning readers to the world of stable coins - price-stable cryptocurrencies.
Their ultimate goal?
To eliminate volatility and create stability in crypto prices.
Without price stability, cryptocurrencies may struggle to achieve mass adoption, widespread circulation and, ultimately, everyday use.
So these cryptos could be a game-changer if they're able to so... ››› more
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
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