Now my mining operation is live; I have been working with my accountant to ensure we have clean books and report taxes correctly. One of the things we need for this is a business bank account.
This week, I had my application for an account with Metro Bank rejected, the third bank which has rejected me following Lloyds and Revolut. The latter the funniest, seeing as they promote themselves a Crypto friendly bank, allowing customers to buy and sell Crypto alongside their fiat accounts.
Read MoreWhat a week it has been. I don’t think many of us expected such a hard hit to come so quickly, and even with the bounce from $6k, are we really out of the woods yet? I have been Tweeting out some stuff this week, specifically taking an honest look at the weaknesses in my trading strategy, but I want to put it all down more clearly here.
Read MoreSo the last two weeks have been pretty grim, but I wouldn't be doing all of the above if I wasn't bullish about Bitcoin and Crypto. With the price of Bitcoin falling and pulling the rest of the market down with it, more than a few friends have been messaging to ask me if Bitcoin is over. My answer is always the same – “I’m not selling.”
Read MoreThis article exists because, like me, there are many Bitcoin and Crypto traders who do not understand the technical side of the scaling debate but have investments which are affected by forks. I have written this as an attempt to explain, in as simple as form possible, why this fork is happening, why I don't support it and how I intend to trade it.
Read MoreWith the Segwit2x hard fork approaching, I have been working on an article explaining the background to this fork, why I don't support it and how I am going to trade it. The article is currently in draft and being reviewed by one of the resident miners in my Facebook group to check for accuracy as most of the topics covered are quite technical.
While I have been preparing the article, it is becoming evident that the futures market is going to kill off B2X before it launches so I wanted to get a post out about this as quickly as possible as this is going to affect trading.
Read MoreI previously explained that bubbles aren't necessarily a bad thing. A bubble, especially in technology, occurs because innovation creates a financial growth opportunity and that opportunity brings investment capital. A bubble forms, because organisations are in a race and investors, are putting their money behind who those teams and projects they believe will become the leaders in this new market and thus deliver the best returns on their investment.
Read MoreJamie Dimon, the CEO of the repeatedly convicted fraudulent banking and financial services organisation, JP Morgan, came out this week to publicly call Bitcoin a fraud, stating that:
The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air.Read More
So it has finally happened, China has banned Bitcoin, or maybe they have temporarily banned it, or maybe they have brought in new rules to make it difficult for the exchanges. Whatever, BTCC has announced it is closing operations, as has ViaBTC and every other exchange is expected to close by the end of the month.
Good. Fuck off!
Read MoreThe market is now clearly in a correction, the GMC (Global Market Cap) has dropped from a peak of $179.3bn, reached on September 2nd to a month low of $121.4bn now, a fall of 32.3%. The GMC is now threating to drop under $120bn, and we could see further waves of selling, so are we in a correction or should we fear a bear market?
Read MoreBitcoin broke through $5k yesterday triggering a sell-off and taking September red after a green day to start the month off. We're too early in the month to draw any real conclusions but my portfolio has so far ridden this sell-off better than the market, and this is nothing too serious yet.
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