In case you missed the news, last week QuadrigaCX went out of business. To summarize the story so far: QuadrigaCX was Canada’s oldest cryptocurrency exchange and one of the biggest. The founder and CEO of QuadrigaCX, Gerald W. Cotten, supposedly died in India on December 9th, 2018. Cotten had exclusive control of the private keys for 26,488 Bitcoin… Read More »
At time of writing the price of bitcoin is $3474 USD on Bitfinex (Hong Kong) and $3404 USD on Bitstamp (Luxembourg). That is a spread of two percent. With trading fees of less than 0.1 percent for Bitfinex and 0.25 for Bitstamp, such a spread should not exist in an efficient market. In theory, an investor should be… Read More »
TRON is one of the hottest crypto-coins in early 2019. It’s up 25% in this month with a current market cap of $1.6 billion USD. Better yet, the January price has been consistently higher than the price in later half of 2018 (not many cryptocurrencies can say that) TRON is not only beloved by investors, but by developers… Read More »
What moves the price of bitcoin? What moves the price of other crypto-currencies, like Ethereum? Ask six different crypto “experts,” get six different answers. Here is my answer:Technological innovation. For bitcoin and other coins to become more valuable, in the long run, they must become more useful. Crypto-currencies, when all is said and done, are programs. Programs are supposed… Read More »
Predicting the price of bitcoin is a game for suckers but it’s hard not to be cautiously optimistic this January. Since its spectacular swan dive down to $3200 on December 16th, bitcoin has recovered to $4000 USD, or a 25% increase in less than one month. If it manages to stay above $3700 for January, that would be… Read More »
Buying bitcoin in late 2017 can be considered one of the worst-timed investing decisions ever made. On December 17th, 2017, bitcoin hit its all-time of $19,627 USD. It currently sits at $3500. That’s a drop of 82%. In comparison, the worst year ever for the Dow was 1931, when the index dropped 52.7%. From 2000 to 2002, the… Read More »
