Hello Dear Reader. Welcome to my world. The world where you thought your assets were safe, your pension secure, and your savings guaranteed: That world is gone, perhaps forever. Now everything is crypto. Guess which asset dropped 2.5% this month? Bitcoin. And September is supposed to be a lousy month for bitcoin. But what dropped 19% this month?… Read More »
Everybody is talking about 2008, 2001, or even 1931. The year of bad stock market crashes. Because the bears are out and saying 2022 will go down in the history books as one of “those” years. But nobody is talking about 1982. That’s the year Paul Volcker jacked interest rates to 21%. That’s important because Jerome Powell has… Read More »
After the merge, Ethereum owners will be vulnerable to replay attacks, and it will be the fault of Ethereum miners. Let me explain. Hours away from now (or maybe it’s happened by the time you have read this), the Merge will have occurred, moving Ethereum away from proof-of-work (POW) to proof-of-stake (POS). https://www.blocknative.com/ethereum-merge-countdown But the Ethereum blockchain that… Read More »
“He who fights with monsters might take care lest he thereby becomes a monster. And when you gaze long into an abyss the abyss also gazes into you.” –from BEYOND GOOD & EVIL by Friedrich Nietzsche The life of a trader is very short. Very few make it past ten years. That’s the conclusion reached by Nassim Nicholas Taleb… Read More »
s the market going to tank? Everybody is asking that question or trying to answer it. But not me. I’m asking a different question. Is the market going to go up in September, and September only? Both questions sound very much like the same thing. But there is a subtle difference. An important subtle difference. Because when you ask… Read More »
Whoo-hoo! In July I started buying call options on a certain bitcoin mining stock and it’s already doubled. I have been buying (and selling) bitcoin mining stocks since 2018 and in the long run have done very well. Here is a list of articles that I have written about the sector here. Am I an expert on the… Read More »
