What 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 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
The 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 More
If you want to trade on stock, forex or CFD platforms, there are checks in place to ensure you know what you are doing and you understand that risks when trading. With gambling websites, they have controls to ensure when you are losing money fast that you can't bet anymore. Crypto doesn't have this; new investors can enter the market, sold on the dream of getting rich and invest into things they don't understand.Read More
Whenever the market moves quickly, there is a natural increase in the number of stories or posts questioning whether we are in a bubble. As people are coming fresh to the market, thinking of investing and reading my blog I thought it would be important to address my thoughts on this directly.Read More
Bitcoin 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.Read More
So we hit the $5k marker for Bitcoin, and the market has reacted with a correction of sorts. We are going to have to ride the weekend out and the first couple of working days of next week to find out what this means.Read More