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 »
Battlelines are being drawn A number of news stories last week shows the US government is gearing up to be the sheriff in the Wild West world of cryptocurrency: Bitfinex no longer accepting US customers and is exiting the US retail marketplace. The SEC cracking down on public companies that want to issue digital coins. US President Donald… Read More »
For investors familiar with only the North American stock exchanges, the wild and wacky (and unregulated) world of cryptocurrency can be a little…hard to believe. But I swear this story is true. On July 14th, 2017, the self-amending cryto-ledger project called Tezos raised US $232 million, with the first $160 million raised in 32 hours by means of… Read More »
With less than 24 hours before the Bitcoin hard fork (ie a rebel group splits off and creates Bitcoin cash, the price of Bitcoin looks remarkably stable: Coindesk has a good technical explanation for what will happen tomorrow, but here is a quick summary: On August 1st, a rather large mining pool (Bitcoin server group) will allow individual… Read More »
At the time of writing, 8:00 pm (Vancouver time July 16th), Bitcoin is staging yet another mini-rally with the price hovering near $1990. Ethereum is also bouncing back with a current price of $160. On the week, Ethereum is down $80 or 33%. Bitcoin is down $500 or 20%. THAT’S IN ONE WEEK. At present, my cryptocurrency position… Read More »
“ICO’s will not go away. For the first time in financial history, founders can access capital from both large and small investors armed with nothing more than a slick website. No regulatory filings or egregious investment banking fees are required to raise capital. The capital of the 99% is there, and they are hungry to participate in the… Read More »