An Options Trader Weighs In On Bitcoin and US Markets
Adam Mesh, CEO and Founder of Adam Mesh Trading joins me on the show again but this time to get his thoughts on the historic rise in Bitcoin this year. We address the bullish and bearish comments as well as how Bitcoin can be used to speculate on other cryptocurrencies.
Click here to visit Adam’s site and get his free options or Bitcoin reports.
Click download link to listen on this device: Download Show
This is going to take awhile for main stream to catch on………..jmo
One of the founders of bitcoin.com weighs in.
Bitcoin.com is one of the world’s largest bitcoin sites, having grown its profile thanks to the insane price surge of the cryptocurrency this year. But its co-founder and CTO, Emil Oldenburg, a Swedish native, is extremely skeptical of bitcoin’s future.
“I would say an investment in bitcoin is right now the riskiest investment you can make. There’s an extremely high risk,” he says in an interview with Swedish tech site Breakit:
https://www.breakit.se/artikel/10332/svensk-doldis-bakom-bitcoin-com-bit…
“I have in fact sold all my bitcoins recently and switched to bitcoin cash,” says Oldenburg, referring to the problems with bitcoin’s high transaction costs and lead times.
But what does he know?
Going Long bitcoin……….this month…….
http://www.zerohedge.com/news/2017-12-19/long-bitcoin-most-crowded-trade-wall-street-again
Bitcoin Is Challenging the Entire Concept of Venture Capital
Bloomberg – Joshua Brustein – December 18, 2017
https://finance.yahoo.com/news/bitcoin-challenging-entire-concept-venture-135054439.html
Did you read…….CFS’s article above…………another new concept……
Hedgies chasing momentum a new concept? (lol)
No , you did not read cfs article ……..https://m.youtube.com/watch?v=ZrFrXFdRW4k
Hashgraph…..
One of the founders of bitcoin.com weighs in.
Bitcoin.com is one of the world’s largest bitcoin sites, having grown its profile thanks to the insane price surge of the cryptocurrency this year. But its co-founder and CTO, Emil Oldenburg, a Swedish native, is extremely skeptical of bitcoin’s future.
“I would say an investment in bitcoin is right now the riskiest investment you can make. There’s an extremely high risk,” he says in an interview with Swedish tech site
“I have in fact sold all my bitcoins recently and switched to bitcoin cash,” says Oldenburg, referring to the problems with bitcoin’s high transaction costs and lead times.
http://www.afr.com/markets/currencies/a-bitcoincom-cofounder-has-sold-all-his-bitcoin-as-its-as-good-as-useless-20171218-h06wfy
But what does he know?
Going to be some very disappointed folks………..jmo
Remember , …..nobody knows anything, ….I heard that from someone around here…. lol
The speed of advancement is great.
Bitcoin was first generation crypto and has first mover advantage.
Ethereum was second generation.
Cardano is probably third generation.
However, Bitcoin is relatively slow and expensive to use…….technology moves on.
The future? One word. Get with its applications……already revolutionizing credit union ledgers.
Hashgraph.
Are there any stocks related to this technology, so one can invest and get in on the ground floor?
$KASH Hashchain Technologies just started traded yesterday or today.
Personally, I’m in $HIVE because I’d rather be involved with the leader in crypto mining, than the altcoins or myriad of blockchain companies.
Blockchain looks vastly inferior to Hashgraph.
Singapore central bank warns against investing in cryptocurrencies
Reuters – December 19, 2017
Just a Singapore Sling…….. pass the Koolaid
Compilation of Kool-Aid Man Breaking Through Walls and saying “Oh Yeah!”
Rose and crypto ban..mmm must be a sign of thing to come……..Kool is the way……
Big Money, No Whammies!!!
It’s going to be a BIg Shew…………
🙂 “Press Your Luck” !!
Skeena Secures Option to Acquire Eskay Creek & Announces Strategic Investment from Barrick
NR: 17-23
Vancouver, BC (December 18, 2017) Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the “Company”) is pleased to announce the signing of an agreement with Barrick Gold Inc. (“Barrick”), granting an option (the “Option”) for the Company to acquire a 100% interest in the past-producing Eskay Creek property (“Eskay” or the “Property”) located in the Golden Triangle of northwest British Columbia. Barrick Gold Corporation will also complete a strategic investment with the Company for gross proceeds of C$1 million.
I’m not aware of any yet.
Off Topic:
GOP Tax Bill.
I believe the new tax bill STINKS.
Why? It is still full of corrupt loopholes for cronies and corporations.
It is dirty.
Why?
Because most of the tax reduction via rates SUNSET in a few years, but the quid pro quo, the loss of deductions in state and local taxes, mortgage interest deductions for individuals, do NOT sunset.
Some politicians are getting some real tax breaks, as we noted yesterday.
CAN ANYONE SAY >>>>>>>>>>>>TERM LIMITS……..
Gold May Not Be Bitcoin, But Miners Can Still Make You Money
By Aoyon Ashraf – December 18, 2017
“Gold and silver prices haven’t had the best year when compared to industrial metals, and the outlook for next year looks muted at best.”
“The metals may not see the same gains as “gold 2.0,” a term used to describe bitcoin by one of its biggest advocates, Tyler Winklevoss, but industry analysts recommend investors take a look at the “seasonal trade” in gold and silver equities. Early in the year, those stocks tend to perform better, creating trading opportunities.”
“And for 2018, analysts are expecting gold and silver prices to repeat New Year’s rally trends, with positive returns most likely to come in the first quarter. In fact, the NYSE Arca Gold Miners Index (GDM) saw its best performance on average during the months of January and February …”
Gold 2.0? That’s quite an idiotic claim.
Agreed. It’s whiny Winklevoss…. not really surprised. However, he has billions now, and if he wants to tell his groupies to get into PM miners for the Q1Run, that is fine by me. Jan & Feb are seasonally strong months for the miners in particular.
Watch me pull a rabbit out of my hat!
Haha! The animals he pulls out of the hat remind of exactly what it is like investing in Jr Miners.
How to lose your arce……..in an exchange……. bite or bit the dust…
http://www.zerohedge.com/news/2017-12-19/asian-crypto-traders-spooked-after-korean-exchange-files-bankruptcy
List of Congress people to benefit from Tax scam……….
http://www.zerohedge.com/news/2017-12-19/full-list-every-gop-senator-who-stands-be-personally-enriched-tax-bill.
Enrich they self………..
Corker, the Senate’s fourth richest member in 2015, with an estimated net worth of over $69 million, reported the highest 2016 income from real-estate partnerships — up to $7 million — among GOP senators. His income came from three properties held by LLCs that together were worth as much as $35 million. Montana Sen. Steve Daines, whose estimated net worth was $14.4 million in 2015, reported earning between $425,000 and $4.2 million last year in rental income from eight properties managed by Genesis LLC. Daines, with Wisconsin Sen. Ron Johnson, pushed for a more generous tax deduction for pass-through entities during the Senate tax bill process.
Other top earners were Johnson and Tennessee Sen. Lamar Alexander, who both earned as much as $1 million in 2016 from real estate pass-through vehicles.
Elaine Hatch, the wife of the chairman of the Senate Finance Committee who said Monday that he wrote the real-estate tax break and disputed IBT’s report that the provision had not been in previous versions of the bill, owns a stake in a real-estate LLC worth up to $500,000 that generated between $5,000 and $15,000 of income from rent/royalties, interest and capital gains in 2016.
Several of these senators were also top recipients of campaign cash from the real estate industry during the 2016 election cycle. Ohio Sen. Rob Portman’s campaign took in over $900,000 from real estate industry PACs and individuals; Johnson received roughly $780,000; and Georgia Sen. Johnny Isakson got $520,000 from the industry.
Beyond Republican senators, other major beneficiaries of the provision could be President Donald Trump, who owns or directs over 560 companies, most of which are LLCs or LPs. Democrats in recent days have seized on the provision — and its potential benefits to Republican lawmakers — in demanding the bill be halted.
Time for term limits……..check the time and length of time in office……..
http://thesoundingline.com/congress-the-art-of-incumbency-part-ii/
G 20…….bitcoin concerns………
reposted on other page…………
http://www.zerohedge.com/news/2017-12-19/establishment-panic-g-20-discuss-bitcoin-next-meeting
From hater to HODLer in 48 hours.
The Western World is Lost AL ! EVIL is Coming NO REAL FORE REAL ! https://www.youtube.com/watch?v=zjcZEllLrG0
You’re Evil Dollars and Bankers Never STOP ! Wak Up Dollar Freaks ! ! !
Hedge Funds dump gold for bitcoin……………..
http://www.zerohedge.com/news/2017-12-18/hedge-funds-abandon-gold-chase-bitcoin