Need creates demand. But good marketing helps a lot too. Is bitcoin better than gold? I could write a thousand words on that subject. Or just ask you to watch this commercial. Who put out this video? The company is called Grayscale and they sell bitcoin to the masses. To be specific, their various investment vehicles allow retail… Read More »
Investing in public bitcoin mining stocks is like buying cigarette stocks during the 1990s. The Tobacco Master Settlement of 1998) imposed on tobacco companies a fine of $206 billion over the course of 25 years to offset health costs in the United States Guess happened next. The stocks soared over the next two decades. Altria Group (parent of company of Philip Morris and… Read More »
(Note: Part I is here) Why does the price of bitcoin keep going up? One good explanation is that fewer and fewer bitcoins are hitting the market. Eighteen hundred new bitcoins are generated each day to feed the miners that safeguard the bitcoin network. But that hasn’t always been the case. Every 210,000 blocks, the reward is cut in… Read More »
Earlier this month, trading signals commentators tweeted furiously of a possible 25% drop in the price of bitcoin. A random Bitcoin price prediction So far, they are wrong. Again. It is true that bitcoin dropped as much as 15% since the beginning of June. But their models showing a drop to the 6000s now look to be very… Read More »
Cryptostar (CSTR-TSXv) released its first-quarter earnings yesterday and the stock closed at 0.09 cents (CAD), or up 50%. Today it closed down to 0.075 cents. Cryptostar traded as low as 0.015 cents earlier this year. In first quarter (ending March 31st, 2019), the company booked a loss of $2,051,193 USD. At first glance, it seems odd that the share… Read More »
Who controls the world of crypto? Who will be the world leader in the new financial ecosystem? The war has started years ago but is seldom reported in context. The battle is not being fought on land or sea but in a courtroom. This is the latest news, a win for Hong Kong : “Yesterday, in Manhattan, Bitfinex… Read More »
