This 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 More
With 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 More
I 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 More
Jamie 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 More
I started this blog to help people avoid the mistakes I have and continue to make trading Crypto, and I get a couple of emails a day from people asking questions and sometimes telling me their story.Read More
I am revisiting something I wrote a long time ago for my Facebook group when I noticed people kept chasing the latest big thing pumping coin. A number of the emails I have received has asked me about specific coins and whether it is the right time to invest and invariably they are coin which is making big moves.Read More
Compared to traditional investment markets such as stocks and forex, the Crypto market is immature. Whereas most traditional trading platforms require checks to ensure you understand the risks of trading, the unregulated nature of the Crypto market allows anyone with an Internet connection to start investing in Cryptocurrencies.Read More
Twitter is full of experts who will tell you that Bitcoin is going to £10k, £100k, £1m or that the Crypto market will be worth £1tn in 3 years. These experts usually have a name which combines Bitcoin and Crypto with some legend from film or the arts, such as, CryptoDarthVader or CryptoGandi. Like they have some dark powers to tell the future or are some modern day saint.Read More