One of my favourite crypto projects is booming in 2020.
Its market cap has soared from around $444 million to over R815 million.
At the same time, its price has rallied +90%.
And recently it reached an important milestone in its development, which could see some more very big gains in store for investors.
Let me explain…
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Q. “Is there a list of things I need to ensure my success from your Red Hot Storm Trader service Timon?”
A. I’m sure you have everything you need to benefit from the service.
But to make extra sure, here are my five checkboxes to optimise your success with Red Hot Storm Trader.
1. A computer or a cell phone with a good internet connection
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This is the MOST exciting technology I've ever come across.
I'm talking about Blockchain.
It's one that is truly going to rule the world when it comes to business, making transactions and with trading the financial markets.
If you missed Wednesday's brief explanation on what Blockchain is and how it works - it's actually ok!
Just don't miss this one.
Today I'm going to expand on... ››› more
While many investors have been focusing on gold hitting new highs, the crypto market has boomed behind the scenes…
For instance, the entire crypto market has added $100billion in the last month….
Bitcoin recently shot past $11,000 for the first time this year…
And Ethereum has soared over 54% in the past 2 weeks taking its total gain for 2020, to over 181%.
So, what's going o... ››› more
I am officially raising my price target for Bitcoin.
Back in May, I sent out my first Bitcoin prediction article for the year.
At the time it was trading at $9,300.
There were two main factors that told me Bitcoin was heading to +$15,000.
The anticipated Bitcoin halving event and a golden crossover. Things were on track, until last week.
Last week, two major technical events... ››› more
Q. “With the number of infection and death rates picking up, there are talks that the second Coronavirus wave has already started. I'd like to know if there are any specific industries you're looking at buying which don't have a major effect on the pandemic?”
A. Yes, I have seen the COVID-19 levels up as well. I believe this is due to, countries opening the economies, allowi... ››› more
Q. “I've just started trading Bitcoin and I have two questions regarding the online wallet where I store my coins.
First - Can you please tell me what the difference between a private and a public key is.
Second - Can I get my key back if I lose it or misplace a key?”
A. Whether you’d like to deposit, withdraw money and then exchange Bitcoins, the process all ... ››› more
Q. “Hi Timon, I'm still deciding whether I should add crypto-currencies in my portfolio. Can you maybe list a couple reasons why it's important?”
A. I think with the ever changing and challenging economy, more and more people are adapting to new ways to make, invest and preserve money.
Here are my 10 reasons to add crypto-currencies in a portfolio:
• CHEAPER – It is a chea... ››› more
In Wednesday's Q&A, I received the following question.
“Could you please provide a few crypto currency companies that pay dividends?”
When I gave an answer, this made me think…
Could crypto investing be the future of passive income?
I realised that with the number of crypto currencies that are distributing dividends now days - I believe YES!
And in this article, I am goin... ››› more
Q. “In a recent article by Francois Joubert, he gave us a tutorial on how to calculate the dividend yield and the dividend cover ratio. Unfortunately, the only place I have to see the shares data is on Google. My question is, can I calculate the Dividend Per Share with the information Google provides or do I need to download a new software?”
A. Yes you can calculate the Dividend Pe... ››› more
Back in 2018, India outlawed “any service in relation to virtual currencies”. And if you were dabbling in cryptos, you could face prison time.
The original ban was imposed by the Reserve Bank of India (RBI), which clearly feared crypto would undermine its authority.
Fast-forward to March 2020, and India's Supreme Court overruled the RBI, calling the ban “unconstitutional”.
Sinc... ››› more
Q. “I have been a member of Red Hot Storm Trader for about three years now and I'm a big follower of Trading Tips. During that time, I've managed to create my own trading strategy that I've been testing for the last seven months. In that period, I've banked 23 winners and have taken 15 losers. Do you think I'm ready to go live and trade my account using this strategy?”
A. It sounds... ››› more
In a space of a week, Compound managed to become the top player in Decentralised Finance (DeFi).
Between Monday 15 June and Monday 22 June, Compound:
• Created a new kind of Initial Coin Offering (ICO) and launched its COMP token
• Its COMP token listed on Coinbase
• Drew an extra $500 million into its DeFi lending platform
And how incredible is this… it saw its COMP token ra... ››› more
Ethereum (2nd largest crypto by market cap) has been one of the best performing crypto-currencies this year.
Last year, I mentioned that the crypto-currency was about to undergo a major upgrade in 2020.
With the upgrade launching in July, it's about to make Ethereum much faster, more secure and better for DApps (Decentralized apps).
Ethereum 2.0 also contains the promise of an entirel... ››› more
Whether it's big price increases or drops…
Growing mainstream interest…
Or major developments being tested…
There's never a dull moment in the world of crypto.
And last week, was no different.
We saw a major institution scoop up Bitcoin, a double-digit price rise from coin and a Bitcoin prediction of $20,000 by the end of 2020.
Here are all the details…
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Earlier this year, I wrote about IOTA's Coincide project, which will essentially solve the crypto's “centralised” problem.
You see, up until now, IOTA relied on something called the Coordinator, which ensured its network ran smoothly and efficiently. By using the Coordinator, IOTA wasn't truly decentralised as cryptos were set out to be.
Two weeks ago, IOTA announced that specificati... ››› more
On Monday (11 May 2020), the Bitcoin Halving event took place for the first time in four years.
This was where the miners reward for Bitcoins per block was cut by half, from 12.5 Bitcoin down to 6.25.
I told you I expected Bitcoin to rally in the next couple of months.
Not only because, historically the Bitcoin price rallies after every Bitcoin Halving event but because there is on... ››› more
Did you know there a number of problems that can arise when crypto trading or exchanging?
Not all exchanges support the necessary coins or trading pairs.
You also need to trust the exchange you're using in case your cryptos disappear.
And of course, you have to pay certain fees like commission for exchanging cryptos.
The good news though, is there's a technology that can solve these... ››› more
Central banks have vowed to do what ever it takes to ignite economic growth.
Growth is the only thing that will address the Covid-19 unemployment crisis facing the world.
That means there will be a lot of cheap and seemingly “free” money thrown at this problem.
We have several central bankers talking this week and our own monetary policy committee is due to make an interest rate an... ››› more
Just how a money-market account pays you interest…
And just how certain shares pay you dividends…
Cryptos can generate investors a passive income too!
It's not known as a “crypto dividend” or “crypto interest”…
Prediction: These two digital currencies will lead the crypto resurgence
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