Asteroid Mining and Bitcoin Remember when the Winklevoss Twins were discussing Bitcoin with Dave Portnoy? It was considered by many as not helping Bitcoin for some of the arguments made by the twins to select Bitcoin instead of investment in gold. "If [Elon Musk] mines all the gold on the asteroids, all of a sudden gold is worthless, and I think he will." "There’s billions of dollars of gold floating in asteroids around this planet," These are quotes coming from Cameron and…
Amazon a target of Biden's administration The US President, Joe Biden, blamed Amazon this week for not paying federal taxes, and he referred to an increase of corporate tax rates for multinational companies. The plan of the Biden's administration is to increase corporate tax rate by 7%, up to 28% and make changes to the tax code, with central point the legal loopholes that allowed corporations to transfer profits outside USA. Amazon was a target of the previous US…
Taxes and Cryptocurrencies The USA tax authority IRS is now seeking private data from exchanges connected with Circle. Kraken and Poloniex are two of those that have been asked to provide private data of all customers. IRS claims that this is an investigation to find cryptocurrency holders that haven't declared their holdings and evade taxation in this country. But there are fears there is more as data from international customers may be part of this investigation. It is not…
Shatter the Cult's Deception For too long the Bitcoin community has been attacking anything else that appears and takes a small part of the market share. Every cryptocurrency is deemed a shitcoin by Bitcoin maximalists that have successfully established the term altcoin to everything else except Bitcoin. According to Bitcoinners there is only Bitcoin-BTC and the rest are just alternative cryptocurrencies that have little to none actual value. Everything is an altcoin, to…
Bitcoin.com - The Top Crypto Domain Bitcoin.com is one of the most important cryptocurrency domains, having expanded into almost every crypto related field there is. It is covering news with https://news.bitcoin.com/ it is a bitcoin onboarding page for retail adoption, having links to crypto wallets and technical information on Bitcoin, an archive for the Satoshi emails, a bitcoin block explorer, and so more. It is basically a complete website of the highest quality that for…
How to spot a bubble You have probably heard of the financial crisis of 2008. It started in 2007 of course with a so called liquidity crisis but exploded with the Lehman Brothers collapse in 2008. Lately there has been a lot of discussion about short-sellers and how much shorting is unethical or you are just a bad person that is betting against the rest, trying to make money with the misfortune of others and other ridiculous arguments I am reading. Manipulation comes both…
Holding BCH will save the day Since February the market is not so profitable anymore. Some altcoins managed a pump and unfortunately Bitcoin Cash is still not worth as much as I would expect it. For the time being I am not investing in anything else and 90% of my investment is in Bitcoin Cash. We see other crypto rising and doubling up in two days for no reason at all. Let's face it besides Ethereum, the next most used blockchain for the time being, it is Bitcoin Cash. In…
HSBC blacklists Microstrategy Time for a reality check. Michael Saylor is acting like a degenerate gambler and keeps buying one of the most volatile assets in the world, with his company's money, which is publicly traded at stock markets as some kind of software producing company. It is only risking the funds of its current and future investors. It is a stock that only offers gambling and made a huge bet that has turned out to be profitable, but as all degenerate gamblers…
Tether At 44 Billion - An Early Bubble Warning Tether, a financial monster or a legit business? It is hard to know what exactly is Tether doing. There is no independent audit performed to have a clear perspective. It is rapidly growing by printing USDT in every blockchain and has now reached 44 billion tokens in the market. Each USDT is valued at one dollar. It is a stable coin with the purpose to have a stable price pegged to the dollar. How is Tether managing this is…
We are only 2 months before the top I kept saying for a while that the bull run will end this summer, maybe June or July. Most probably in June. Prices have been rising for more than a year and as we will be getting towards the top, we will witness high volatility and extreme price action. I have written a lot about that, to prepare the ground for everyone that reads my posts, as this is something everyone in the field knows already, and with my posts I am trying to help…
What am I gonna do? In my previous article "We Are Only 2 Months Before The Top" I gave you all too much hope that this bull run still has a lot of time. https://read.cash/@annayks/we-are-only-2-months-before-the-top-e89050b5 Meanwhile new concerns appeared and it seems that now that we are even closer to the top than I previously thought of. There were four events in just 24 hours that make me concerned we are very near the top, and not months away, but perhaps even weeks.…
The beginning of the Bear Market I have been writing about the crypto market collapse, and while all the signs are there the bull run looks like it will never end. An accurate prediction needs the use of many tools and I have explained that I see it ending in June this year. Probably in the end of June, around 25-30 there will be a top and a sharp decline. As we approach the top, the risk-to-reward ratio becomes unworthy to invest. The risk is increasing and the possible…
Dangerous Market - BCH a long term investment The Bitcoin dominance is weakening. We are in a point of big changes that will become real soon and the cryptocurrencies that deserve to be noticed by the public will become the new high tech investments for this century. There isn't only Bitcoin in this market. Bitcoin is looking almost ancient technology with just three transactions per second capacity. The current bitcoin community is not developing in fear that changes will…
The final Bitcoin ATH Bitcoin dropping, altcoins are pumping. These marketcaps don't represent real value of the networks of these Cryptocurrencies. If you believe that Doge Cardano, and the rest are worth this much, then you are welcome to burn your money instead. Once again the market ends, with Bitcoin fees rising and altcoins pumping. It is the same again, same old recipe from 2017. I wonder if altcoins can grow higher and Bitcoin whales pump them even faster. I'm sure…
This May will be decisive The market soon is turning bearish and all my previous posts are about this event. But it is not going to be immediately. I still have a hope that it can have another spike upwards, a boost that will prolongue this bull run and send all assets to the moon. The freaking moon is what we are expecting, it is there for many that entered early, but I have not seen it increasing rapidly as many of us expected. This is for BTC, because many other alts did…
Kelly Criterion Often we do it all wrong and make a mess with our investments. When realizing losses and write-off investments we are not failing as investing comes with a risk. Our investment is mathematically impossible to go all wrong. It will be our mistake having a big part of our net value in only one asset, or maybe even in just a few. Since we are in the Cryptocurrency World, we often read about diversifying and we think this means to buy even more cryptocurrencies.…
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