The Mind-Boggling Profitability of Crypto-Mining

A lot of “smart” investors are claiming cryptocurrency miners face diminishing returns. Do so at your peril.  There will undoubtedly be layers of winners in crypto, but miners will be much bigger for much longer than most people think. But my research has convinced me that public companies in the cryptocurrency mining space will have a fabulous 2018.… Read More »

Would You Believe Goldman Sachs Is My Latest Pick?

Today I added to my position in Goldman Sachs (GS-NYSE) buying an additional 20 shares to bring my average cost to $230.53. I have just under $9K CDN worth of shares. But wait, I hear you saying, Goldman Sachs doesn’t do Bitcoin. True, not yet. It has not been a good year for Goldman Sachs, for in July it… Read More »

Bitcoin Has a Liquidity Problem and Here is the Solution

A few weeks ago, there was a spread of more than 6% between the price of Bitcoin in North America and in China, as the Chinese exchanges were dumping Bitcoin during the government crackdown. In theory, if you bought Bitcoin on a Chinese exchange (or even on Bitfinex which is based in Taiwan), you could then transfer the… Read More »

A Cryptocurrency Miner is Going Public…and it’s Huge

HIVE Blockchain Technologies Ltd. will list on the TSX Venture Exchange Monday, September 18th, under the symbol TSX.V: HIVE. The company is backed by Genesis Mining, the largest cloud Bitcoin miner in the world with 700,000 customers. Genesis owns 30% of HIVE. HIVE’s launch transaction involves the acquisition of an initial state-of-the-art blockchain infrastructure facility in Iceland from Genesis. The facility produces mined cryptocurrency around… Read More »

Initial Coin Offerings: How a Blind Squirrel Made a 714% Return

In your investing history, have you ever researched a stock and said ‘No, I won’t invest’, only to watch it mercilessly and relentlessly rise in value? I have, and as I’ve gotten older I realize two things…one is that charts do matter, and other is that the opportunity cost can sometimes be great. In essence, at a certain… Read More »

Labour Day Weekend Bitcoin Brawl: East versus West

The Chinese government’s decision to ban initial coin offerings triggered an epic selling spree that dropped Bitcoin from a high of $5000 USD down to a low of $3950 in the space of three days. That’s a drop of 21%. In comparison, on October 19th, 1987, the Dow Jones Industrial Average fell 22%. But remember that Bitcoin trades… Read More »