Bitcoin

NYSE ROC 2-1-25

February Market Update- NYSE, NASDAQ and Crypto

Leave a Comment / Economic Trends / By

Unusual things move the market. Lately, FED announcements have been responsible for moving the market, but at its January 28-29 meeting, the FED didn’t have much to say, i.e., they kept rates steady, so the market was relatively stable. The one telling comment from FED Chairman Jerome Powell at this meeting was his shift in how he spoke about Crypto. He seemed to be opening the door for banks to custody Bitcoin.

February Market Update- NYSE, NASDAQ and Crypto Read More »

Crypto Politics

The Tectonic Shift in Crypto

Leave a Comment / General / By

This past week a few slightly “under-the-radar” events caused a major shift in the crypto arena that most people are totally unaware of. Just a couple of weeks ago, Joe Biden was threatening to Veto pro-Crypto legislation, Sen. Elizabeth Warren was railing about the evils of crypto and how it is only good for hiding assets and mafia transactions. And the Democrat-controlled Security Exchange Commission (SEC) is actively targeting several major crypto sponsors despite having approved Bitcoin Exchange Traded Funds (ETFs) in January.

Then along comes Trump, who holds a Crypto “Love Fest” at Mar-a-Lago, which catapults crypto into the political spectrum… Ethereum ETFs are approved… the House approves the FIT21 Act, and the tide against Crypto has turned.

The Tectonic Shift in Crypto Read More »

BTC-ROC-5-24

Applying the ROC to Crypto

Leave a Comment / Bitcoin / By

Our ROC system is very good at spotting major turning points in the market. So this month we adapted it to look at Bitcoin and Ethereum. While doing this we changed the look of how we do ROC, so we will be adapting the regular ROC charts to the new style as well. The advantage of this new look is that you can see the underlying index at the same time, so you can see exactly where the various signals kicked in and how it evolved from there. Also, I think the new look is much cleaner and less cluttered.

Applying the ROC to Crypto Read More »

Crypto Scams and Opportunities

The Modern Day Wild West: Crypto Scams And Opportunities

Leave a Comment / Bitcoin / By

We’ve all heard that the Crypto landscape is much like the “Wild West” with very little regulation. But along with risk comes opportunity. One of the reasons the “Wild West” was so wild was because “Boom towns” would spring up in the middle of nowhere due to the discovery of gold nearby. The gold would attract not only hard-working prospectors and pioneers, but also promoters, grifters, and outright crooks. Sometimes a “Lawman” such as Wyatt Earp would show up and try to enact some sort of system of Law and Order.

The Modern Day Wild West: Crypto Scams And Opportunities Read More »

Bitcoin- BTC

Crypto 2.0, A Whole New Ballgame

Leave a Comment / Bitcoin / By

It turns out that Crypto is much more than just Bitcoin. In October 2008, when a person (or anonymous group) named Satoshi Nakamoto created the code for Bitcoin it opened the door to more than just a currency. It introduced the concept of a “Blockchain” to the world. Since then there have been literally thousands of Cryptos created, most of which ended up totally worthless. Some were simply jumping on the Blockchain bandwagon, just as companies added “.com” to their name back in the Dot com mania of the 1990s, people began creating mostly worthless cryptos in the 2010s. But not all the cryptos were worthless. Some were new currencies but others were new and innovative ways to use blockchain.

Crypto 2.0, A Whole New Ballgame Read More »

Gold- Barbarous Relic?

The Barbarous Relic Rides Again

Leave a Comment / Gold / By

 Gold has shown some resiliency in 2024. Recently, John Authers at Bloomberg published the following comparison of gold vs. the S&P 500. With all the hype around the magnificent gains in the stock market you might think that it has massively outperformed gold. But currently, one ounce of gold buy the same number of shares of the S&P 500 as in 1971 when Nixon severed the link between gold and the dollar.

The Barbarous Relic Rides Again Read More »

NFTs Round trip to nowhere

Non-Fungible Tokens (NFTs): Another Financial “Fumble”

Leave a Comment / Bitcoin / By

Over the years, we’ve discussed various iterations of the “blockchain” and some of the possibilities it has for finance, industry, and even gaming. We looked at What are NFTs and Why are They Going Crazy?, How Blockchain’s Unique Innovations Can Prevent Money Remittance Scams, How Is Technology Affecting Global Trading Markets, and Metaverse vs. Multiverse- What are They? And Where are They Leading? Over at InflationData, we covered Cryptocurrencies and Inflation, and Can Crypto Solve Venezuela’s Hyperinflation Problem?, which we followed up with How has Venezuela’s Bitcoin experiment Fared? So we’ve looked at Crypto quite a bit. Today we are going to take another look at NFTs, which looked a lot like a crazy bubble right from the start.

Non-Fungible Tokens (NFTs): Another Financial “Fumble” Read More »

Scroll to Top