HIVE is the first cryptocurrency mining company in North America to go public with major assets, provable cash flow, and a road map for massive expansion. With $40 million in cash, HIVE Blockchain Technologies (HIVE-TSXv) will pursue a strategy of aggressive growth with the planned acquisition of more data centres from Genesis Mining in the future. Genesis is the largest cloud Bitcoin… Read More »
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 »
It may be a long time before Bitcoin and Ethereum are used in day-to-day transactions. Or will it? Very soon we might see credit cards and debit cards that are funded and backed by cryptocurrencies. According to WalletHub, in 2015 the number of credit cards from the four primary credit card networks (i.e. VISA, MasterCard, American Express, and… Read More »
Two major crashes in a lifetime can make anybody cautious. I was an investor during the tech boom of the late 1900s and survived (barely) the NASDAQ crash of 2001. I was also investing in the years 2007 and 2008 and everybody knows what happened then, although I try to forget. I don’t think I’m a super-cautious investor… Read More »
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 »
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 »
Raise your hand if you hate banks. If that’s too strong, raise your hand if you hate banking fees. I was doing some research on banking fees and found a gold mine of data in a 2016 report by from global management consultant McKinsey & Company on the exciting topic of the global payments industry. I read all… Read More »
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 »
Bear with me here folks, I’m going to have some fun with you—but also make you think. Everyone knows what it means to mine gold and silver. In the cryptocurrency world, we call “mining” the process by which Bitcoin servers (miners) are awarded new ‘bitcoins’—just solving by solving a mathematical puzzle. By the way, the description above is… Read More »
Criminals love Bitcoin. They think it’s wonderful to use for illegal transactions. If you want to sell something to somebody with giving up your identity, all you have to do is send them your Bitcoin wallet address. You can be on a different continent from your wallet if necessary. The person sending you money doesn’t need your name,… Read More »