So 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 More
For the second time in my Crypto trading career, I don't own any Bitcoin. The last time I sold out was during the where I got sucked into the Ethereum narrative during the 'flippening' where the scaling arguments were going crazy on Reddit. The trades proved successful though in hindsight naive.Read More
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
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