It’s easy, every gambler in the world is betting on Bitcoin futures. Let me explain: In case you missed it, Bitcoin has been on some wild ride the last two days. This is a chart of the XBTUSD futures on Bitmex, the largest Bitcoin futures exchange in the world. The XBTUSD futures contract is a perpetual swap contract… Read More »
HIVE Blockchain is now the #1 shorted stock on the Toronto Venture Stock Exchange (TSXV), with reports showing more than 7 million shares have been shorted as of yesterday: It’s impossible to know whether it’s daytraders who are chart driven or actual HIVE shareholders selling their stock ahead of the locked-up December shares—trying to lock in a profit. … Read More »
Do you believe in the long-term future of initial coin offerings but can’t stomach the lack of regulation, wild-west mentality, and outright scams in the marketplace? There are just not a lot of good deals out there. Nano-caps have turned overnight-blockchain with a signed MOUs or JVs that lets them put out a news release with words “blockchain”… Read More »
(Be The Banker, Not the Gambler) Last Wednesday the planned fork for Bitcoin was called off, causing a massive shift in the futures contact of Bitcoin on Bitmex. This caused huge loses among some Bitcoin investors, but not for me, as my trade was hedged. If you want to make a living in Vegas, it’s best to… Read More »
Yesterday there was an absurd 8% spread between the price of Bitcoin and the Bitcoin futures contract price on Bitmex (world’s largest Bitcoin futures exchange). I am showing a chart with a long y-axis to show the spread isn’t some aberration. The spread has been there for days and if anything, it is widening. I’m going… Read More »
Mining Ethereum just became more profitable since October 25th because of coding changes (called the Byzantium fork). And that could be why HIVE Blockchain Technologies (HIVE – TSXV) is up more than 30% in the last two days to close at record high of $4.09 CDN. HIVE is one of the largest Ethereum miners in the world and the only publicly-traded Ethereum… Read More »
