Since the start of the corona panic, I've been keeping tabs on which asset is weathering the storm the best.
And not surprisingly, crypto is doing the best by far - at least for now.
After a 16% jump in less than 24 hours last Thursday, crypto is now 31% up year to date (YTD).
• The S&P 500 is now down 11%.
• The JSE All Share is now down aroun... ››› more
Over the last seven days, the crypto market shed around half of its value.
With the entire market cap dropping from $220 billion to $120 billion in less than 24 hours.
Most of the major crypto-currencies dropped 20%, 30% or even more
And surprising enough, these massive price swings weren't crypto related at all.
Here are the real reasons why most crypto-currencies crashed last week... ››› more
Let's be honest…
The kind of crypto price mania that happened in 2017 and 2018 was driven by people.
Ordinary investors and speculators trying to make fast money from any crypto that they could get their hands on.
But that's all changed since the boom and crash of the crypto market…
The market and technology behind cryptos has matured and rapidly gained acceptance globally. An... ››› more
Q. “Hi Timon, do you use the MATI Trader System when you look for trading signals that you send to your Red Hot Storm Trader members?
If so, would you recommend we own the MATI Trader System Programme to better our chances at maximising our profits from the Red Hot Storm Trader service?”
A. Great question. In short - yes - the MATI Trader System is the trading strategy I use to... ››› more
In what was one of the largest 24-hour market sell-offs this year, over $30 billion was dumped from crypto assets.
At one stage, the largest crypto, bitcoin, was down around 20% as its price crashed to a three-month low of just over $7,800.
While, many predicted a huge drop to around $8,000, it was still quite a shock to see it happen.
So what caused the crash and what should crypto in... ››› more
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
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
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
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
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
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
Did you know that in 2017 alone, Bitcoin returned over 1,300% and Ethereum returned over 9,000%?
Amazing isn't it?
But these returns were child's play when you compare them to other cryptos like…
• Ripple, which returned over 36,000%
• NEM, which returned over 29,800%
• Stellar, which returned over 14,400%
You could've made an absolute fortune if you bought any of these cr... ››› more
Did you know that the story of money is older than civilisation itself?
That's right. Money is an “innovation” that's older than the wheel and, as old as fire.
Originally when humans wanted to trade outside their tribe or villages, they needed something that everyone agreed had value. Something that was accessible.
Enter “commodity money”.
There were many kinds of commodity... ››› more
It's interesting to see how interest in Bitcoin has increased. Searches on Google for the “Bitcoin price” have increased sharply since 2016.
Below is a chart of the Bitcoin price in US Dollars and the volume of searches in Google.
Source: Prodigy Asset Management, Google Trends and Coin Desk
As you will see, the higher the volume of ... ››› more
On 1 January 2017, this cryptocurrency's price stood at around $8.24.
At that time, its market cap was around $720 million.
Fast-forward to today, its market cap has grown past $30 billion. But even better, its price has soared to around $322 - which is a 3,807% return compared to Bitcoin's 453% return this year.
In other words, a R120 investment into this cryptocurrency on 1 January 2... ››› more
We had a good week for our short-term trades.
• Sasol for a 6.71% gain
• Vodacom for 10.33% gain
• Sibanye for a 30%
All ungeared, see position updates below.
Paying too much for your retirement savings?
The weekend press has again highlighted the impact of costs your retirement savings. Most older policy are paying the industry norm of 3% and higher. It’s a littl... ››› more
Bitcoin - A new world currency…
If you had to ask most people to name a digital currency, the first answer you'd probably hear is Bitcoin.
Since 2009, Bitcoin has swept across the world offering new ways for people to transact, transfer money and even make money.
But how did bitcoin come to be?
Well first we have to go back to before Bitcoin was even an idea…
The Liberty dolla... ››› more
Bitcoin is getting a lot of airtime in the mainstream media lately.
Last week Francois Joubert discussed it when he warned you about your investments in MMM Global and MMM Global's ‘Bitcoin Republic'.
Then, Carte Blanche spoke about it on Sunday night.
So it would be a flaw on my side if I didn't do my research into the cryptocurrency (a digital currency that's beyond government re... ››› more
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