If somebody offered you $10,000 an hour to juggle sticks of dynamite, you would do it. But you would not being excited about doing it. It’s like with buying public companies that are in the crypto-space. Last week I mentioned I was accumulating Neptune Digital Assets (NDA:TSXV NPPTF-PINK), a smallcap trading on the Toronto Venture Exchange. This is the… Read More »
One of the drawbacks of owning bitcoin for a number of years is the occasionally painful crick in the neck. From looking over your shoulder…watching out for the next dump. But lately, watching your back has been a waste of time. For the last five months (since October), Bitcoin has been on a tear, with monthly returns of… Read More »
This chart says we are headed for some fun times for 2021. From Glassnode Let me explain. The green spikes represent bitcoin flooding into the cryptocurrency exchanges. The red inverse spikes represent bitcoin LEAVING the crypto-exchanges. Obviously, when bitcoin is leaving crypto-exchanges, that means liquidity is drying up. The last time the market saw this much bitcoin flowing… Read More »
An academic study on loan sharking in Asia discovered the average annual interest rate charged to customers is 416% a year. But this week, crypto has that beat with some contract briefly paying out 670% per annum: Let’s dig into these numbers: The 0.06124% funding rate is the payout for the most liquid Ethereum futures contract on the planet, the Bitmex… Read More »
I sold one-third to one-half of my crypto stock-portfolio today (not my bitcoin and Ethereum): Three reasons why I sold: First reason: I made a killing over the last month on these stocks: Hut 8 Mining is up 103% since I bought it. Ether Capital is up 86%. Blockchain Intelligence Group is up 104%. QBTC is up 57%. Bitfarms… Read More »
It’s a hypothetical question unless you are a money manager. Deposit it at your local bank? Interest rates on deposits in most Western countries are essentially zero, except for countries like Denmark, Switzerland, and Japan, where interest rates on deposits are negative. Ask this question around the dinner table with your teenage kids and you will get funny… Read More »
