For years, the US Securities Exchange Commission (SEC) has refused to approve a Bitcoin ETF. But it’s now allowing a Bitcoin Futures ETFs to be issued and bought by North American retail investors. But I have no interest in buying any of them. They are almost guaranteed to underperform. Now, most retail investors don’t understand the difference between… Read More »
The funding rate for the ETHUSD contract on Bitmex yesterday is 0.443% for one eight-hour period on May 16th, 2019. There is so much demand for Ethereum futures that traders willing to short the contract i.e. meet demand, will be compensated almost a half-percent for covering the longs for just eight hours. If you take that number and… Read More »
After the merge, Ethereum owners will be vulnerable to replay attacks, and it will be the fault of Ethereum miners. Let me explain. Hours away from now (or maybe it’s happened by the time you have read this), the Merge will have occurred, moving Ethereum away from proof-of-work (POW) to proof-of-stake (POS). https://www.blocknative.com/ethereum-merge-countdown But the Ethereum blockchain that… Read More »
In my six years of crypto-investing, I’ve learned to walk either on one side of the road or the other. But don’t walk down the middle. For me, there are two types of trades. The first kind of trade has a payoff but most importantly, there is absolutely no way I’m going to lose my initial outlay. The second… Read More »
(Note: Part I is here) There are two competing theories about the stock market. One is the efficient market theory.: everything is already fairly and accurately priced, and any movement in price reflects new information being released to the market. And then there is chaos theory, which simply put, is the observation that complex systems suddenly bite you in the butt… Read More »
I have linked to an excellent summary below of what happened in the bond market last week: https://twitter.com/biancoresearch/status/1480245516009152513 if you don’t have the time or the patience to read through it, here is the 5-second summary. The bond market collapsed The stock market is the slow kid in the room, meaning, as the bond market goes, so goes… Read More »
