Last week I talked about how it just got a lot harder to predict the future price of bitcoin and other crypto coins and tokens, as the market is now aware of the halving effect of bitcoin. It’s harder, but not impossible. In my news feed, future events that will affect the price of various crypto coins and tokens fall… Read More »
For ten years, the chart of bitcoin was very easy to read. A very patient investor could sit back and check the calendar as to when bitcoin would take another jump in price. This is a logarithmic chart of the price of bitcoin since 2011. You will notice that during certain intervals, bitcoin breaks the logarithmic path and peaks somewhat,… Read More »
The 1993 movie Groundhog Day starring Bill Murray is a comedy classic. If you have never watched it, you should put it on your bucket list The plot of the movie is simple, the character Bill Murray plays is stuck in an endless time loop where the same day is repeated over and over again, and he must figure… Read More »
By the time news hits that the yearly corn crop is a bust or a bumper crop, that information is already reflected in corn futures contracts. The big buyers and sellers of corn contracts already know what the crop is going to be like months in advance. Or they have some really solid guesses that are more often… Read More »
People are still shorting bitcoin. Look at this table and then I will explain: This is a table of the funding rates for the Bitmex XBTUSD perpetual contract, the most liquid Bitcoin futures contract in the world. Volume in the last 24 hours? One point seven billion USD. I think it’s a pretty reliable indicator of sentiment about… Read More »
July SHOULD be a quiet month. August, not so much. By September it will get crazy again. I see Ethereum is bouncing around, hitting $2400 earlier this week, and now testing $2100. In the short-term nobody knows anything although lots of people pretend to. But in the first week of August, expect big news to be announced in… Read More »
