For years now the Crypto asset space has been marred by companies like MIT, MMM Global and more. While there was nothing wrong with the asset class as such - the industry was like the wild west.
Until recently when there was a crypto scam, or investors were defrauded there was basically nothing to be done.
The SARB said that it did not regulate crypto currencies, and investors should conta... ››› more
Bitcoin has been on a tear lately.
In fact, it's been on a tear for most of 2020 - up nearly 150%.
It's just that the media has only started giving it attention again now that it is closing in on its previous all-time high.
It recently breached the $18,000 mark for the first time since 2017 - rising over 30% in the past month alone.
You shouldn't be surprised by this rally.
I'm... ››› more
Humans took thousands of years to understand fire, stone tools and the wheel…
But in the 20th Century, it only took us about 30 years to turn the personal computer and internet into two of the most revolutionary inventions in the modern world.
And over the past 15 years, we've gone from a world where only a handful of people had smartphones and DVD players, to a world where billions own ... ››› more
Square - A $73 billion e-Commerce giant made a big bet on Bitcoin in October.
This is not the first time the company's backed the cryptocurrency.
In 2018, it expanded its mobile payment service Cash App to support Bitcoin trading, even for users without a bank account.
And in 2019 it launched Square Crypto, which awards grants to Bitcoin developers and designers.
Square's bullishne... ››› more
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…
... ››› more
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
... ››› more
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…
_______... ››› more
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
Disclaimer 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 on this website.
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 website.