Archive for the ‘Money’ Category
March 20th, 2017 by Vigilo
It was only a few days ago that 1 Bitcoin cost more than 1 ounce of gold, but volatility continues to pick up in the digital currency markets as many “coins” move off from their all time highs. In this article, Bitcoin, Ethereum, and Dash will be discussed. Even with the ongoing volatile swings, the overall market cap of cryptocurrencies is relatively small, and digital currencies will be a player for the foreseeable future. Now, what to do about it?
Just over 2 months ago, the MASSIVE 50% cryptocurrency gain in 2 weeks was noted on this site, and at that same time, Bitcoin gained 21% in 1 week. Since then, there was a build-up in price to the all-time high of about $1,270 per bitcoin, as the SEC was to rule on the approval of a Bitcoin ETF. An ETF would have given investors easier access to ‘trade’ Bitcoin, and it was speculated that an approval would immediately add several hundred dollars to the price of Bitcoin.
As it turns out, the SEC rejected the ETF, and so Bitcoin trading is yet relegated to alternative platforms, and not easily accessible to institutional traders. (Personally, I think this is better for Bitcoin in the long run, as paper trading has manipulated assets such as gold and silver) However, the price didn’t crash as was expected by some, but was fairly stable for several days…..until now.
Over the last few days, Bitcoin has dropped nearly $300! This drop is likely attributed to the “forking” of Bitcoin. If you care to learn more, here is a forking op-ed. Also, here are 3 ‘forking proposals.’
It is doubtful that this spells the end for Bitcoin, but more likely could present a buying opportunity once the price bottoms. Especially when considering the market capitalization of Bitcoin, compared to other assets. It has realized only a fraction of it’s potential growth, even at $1,000+ per Bitcoin. Keep an eye to see if the 100-day moving average (blue line on chart) acts as support as it did a few months ago.
What is notably actionable now, though, is that this forking issue has increased the desirability of alt-coins like Ethereum and Dash.
Some speculate that Ethereum will catch and exceed the size of Bitcoin in time! This is partly due to it’s ‘smart contract’ functionality. Per wikipedia, smart contracts, are computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract, or that make a contractual clause unnecessary. Ethereum also uses an expanded blockchain technology than that of bitcoin, rendering it as ‘better’ to many people. For example, being able to correct the issues of Bitcoin, Ethereum is believed to have better scalability as more and more digital transactions take place globally.
Other differences to Bitcoin, are that Ethereum:
- has a faster block time, quicker transactions
- has more coins yet to be mined
- encourages decentralized mining
- has it’s own Turing complete internal code
Ethereum’s smart contract technology is enabling other companies to develop blockchain based applications. As the National Inflation Association reports, Augur (decentralized prediction market) and BTL Group (TSXV:BTL), are among those utilizing the Ethereum blockchain. BTL Group is currently testing their Interbit platform with VISA, among others.
These advances in Ethereum easily explain the drastic price moves of late. The cryptocurrency volatility was evident in March 2017, as in a span of 9 days, the value of Ethereum went from about $17 to $55! A 224% gain in only 9 days!
Dash coin has quite a few desirable characteristics that make it more appealing to various users. It boasts a quicker transaction, a better future forking transition, and the transactions are truly anonymous. See the infographic at the right for a Dash vs Bitcoin comparison chart.
One of the leaders in cryptocurrency volatility as of late, it’s current price sits at about $109. On Feb. 20, it was nearly $21 per Dash. That is a 420% gain in only 1 month!
Bitcoin vs Ethereum vs Dash
All things considered, each type of cryptocurrency has it’s own goal. Really, it is not fully accurate to say one is ‘better’ than the other, because each is developed to achieve different ends, and each user has their own needs. Bitcoin aspires to be more of a stable currency, Ethereum provides the system on which many companies can develop and operate, and Dash points to it’s anonymity and quickness.
They all are susceptible to governments making laws, regulating their use, and the resulting cryptocurrency volatility. But then they all are immune to government central banking. So it’s just like investing in any asset, there are risks and rewards.
Personally, I recommend acquiring some Bitcoin, Ethereum, and Dash. Even look into companies like BTL Group (TSXV:BTL) who are utilizing the technology. The market capitalization of all crypto currencies combined is a mere $24 billion. That is comparable to the size of Hershey’s (NYSE:HSY) or Kellogg (NYSE:K).
These digital currencies are still relatively new, and they are open to global inflows of capital. Plus, while we can measure them against companies, they are actual currencies, and cryptocurrency volatility will probably never go away. $24 billion is not that much when the entire world has a GDP of $120 trillion. While not without risk, the potential is astronomical.
Hopefully this info was of use to you. Below, I will include links from our last 2 cryptocurrecy articles to do your own research, if you are interested. And with any gains you may realize, please be a good steward.
JMJ – IOGD
MUST SEE! Crytpo-Currencies Gain 50% in 2 Weeks After Breaking All-Time Resistance Bitcoin and Gold in 2017 | $10,000 Bitcoin is Coming
Here are some useful tools: Bitcoin Wallet Bitcoin Charts Bitcoin Exchanges – BTCe Bter Crytpo Currency Market Capitalizations Bitcoin real time flow National Inflation Association
January 5th, 2017 by Vigilo
You must be paying attention to the history currently unfolding in crypto-currencies. In only 2 weeks, the total market capitalization of all crypto-currencies has jumped 50%!!
Many have heard of Bitcoin, but are unaware of the hundreds of other digital currencies like it. These currencies are traded on exchanges just like currencies of the world’s various central banks. As there is the dollar, euro, yuan, ruble, pound, etc. There is also Bitcoin, Ethereum, Monero, Litecoin, Ripple, GlobalBoost, etc. However, these digital currencies are more like a commodity in the sense that there is a finite amount available, scarcity. Career politicians just can’t go and create more of them by the push of a button, but they are mined by various ‘computers’ through an algorithmic blockchain….and there is a set amount to be mined.
Market Capitalization of Crypto-Currencies
In this case, Market Capitalization can be understood as the total value, or total amount of dollars making up the shares of the crypto-currencies.
On December 4, 2013, there was $15.7 billion in Bitcoin and the other altcoins. On June 17, 2016, that high was tested and peaked at $14.9 billion before pulling back. Again, on December 22, 2016, the resistance was tested at $15.6 billion, and once broken, the market capitalization skyrocketed nearly 50% in just 2 weeks. As of January 5, 2017, there is $21.7 billion in crypto-currencies.
This is truly an amazing event unfolding before our eyes. Think of any stock or any other central bank currency….to grow 50% in 2 weeks, after living below an all-time resistance, is remarkable.
It was only a week ago when we published Bitcoin and Gold in 2017 | $10,000 Bitcoin is Coming. At the time, the price of Bitcoin was $959. As of this writing, it is now $1,164. That is a 21% rise in only 1 week! (also, in that article, an immediate $78 move higher in gold was referenced, and gold has risen $34 since.)
If you have not already, it is time to get at least some Bitcoin. Of course, we can’t know when the next regulation will come, trying to stifle the rise of Bitcoin. That $7 billion dollars added to crypto-currency market cap in the last 2 weeks can evaporate as quickly as it came, testing the old resistance as new support. Or, this move higher could still be in it’s beginning stages. In 2013, the price of Bitcoin rose 450% in only 1 month. If a similar move in unfolding, it’s not yet finished. Keeping an eye on the action from China will help this time around.
Take a minute to review the $10,000 Bitcoin is Coming article, and here are a few useful tools from it:
Bitcoin Exchanges – BTCe Bter
Crytpo Currency Market Capitalizations
Bitcoin real time flow
National Inflation Association
In God’s Will
December 28th, 2016 by Vigilo
In 2016, Bitcoin and gold have seen massive rallies. Gold stumbled hard in the last quarter of the year, but Bitcoin surged even higher, back up to it’s record levels from 3 years ago. The current price of Bitcoin is $959 …… but just how far away is $10,000?
Looking at the history of price swings in Bitcoin, $10,000 is not that far away, but in truth, neither is $200! Bitcoin by it’s very nature has huge swings in part because the general public still has not grasped the world changing reality of digital currency and the blockchain. It is still considered highly ‘speculative’.
I’m not going to get into all of the politics of decentralized money, nor the safety of deposits on hand in any one bank, nor the general pros and cons of Bitcoin. Simply, I want to illustrate why $10,000 Bitcoin is coming.
Let’s start with the market capitalization of Bitcoin. Market capitalization is the total value of something. In the case of Bitcoin, the market cap is currently at a record $15.4 billion dollars.
This is calculated by taking the current total number of Bitcoins in existence 16,068,750 and multiplying it by the current price of $959. (note: Bitcoins will cease to be mined at 21 million, here you can track the market capitalization of all crypto currencies)
As Bitcoin is globally traded, $15.4 billion dollars is not much at all. Consider that Apple (NASDAQ: AAPL) alone has a market cap of $625 billion dollars…and consider that there is over $60 trillion in equities in general!
$10,000 Bitcoin would equal a market cap of a mere $161 billion dollars. That is about the size of Pepsi (NYSE: PEP) or Cisco Systems (NASDAQ: CSCO).
In time, if Bitcoin were to reach the level of capitalization as Apple is currently, Bitcoin would be valued at $39,000.
We are talking about a relatively new (about 10 years old), but definitely up-and-coming global currency, in a world with a $120 trillion dollar GDP!
You see, it’s nothing at all to get Bitcoin to $10,000. It’s all a matter of sentiment, and right now the sentiment out of China is quite notable.
Bitcoin rises in China
Bitcoin’s latest push higher can be attributed to Chinese trading, as they have their own stock market concerns and yuan devaluations looming. China is a country of over 1.3 billion people, and their (PPP) GDP of over $20 trillion is the world’s largest!
Well, you can see Chinese Bitcoin inflows REAL TIME.
Truthfully, I don’t know if we will see the price at $500 again before we see $10,000. But I don’t really think it matters, unless you are a crypto currency day trader.
As Bitcoin popularity grows, euphoria takes hold, prices skyrocket, then governments will attempt to regulate Bitcoin use, people will panic, the price will fall, then people eventually start using it again, then it’s popularity grows, euphoria takes over, and on goes the cycle….albeit with a new floor and support.
Adding Bitcoin to your cash and tangible assets is not a bad move considering it’s potential. Crypto currencies and the blockchain are the future. $10,000 Bitcoin is not that far away.
While most of 2016 was bullish for gold, the price got smacked down pretty hard in the last quarter. But as it sits now, gold is oversold to the downside, and extremely undervalued.
Though the threat of deflation should always be minded, for this particular post, the short-term move for gold will be addressed.
Currently, Daily Sentiment Index for gold is at historical lows. Elliot wave cycles are at or near completion, and gold is poised for a rally. Further, the National Inflation Association has released their latest memo saying gold is “….due for an explosive short-term rally of $78 per oz!” See NIA lay out their algorithms why gold will rally in the short-term.
Heading into 2017, the Trump Rally may be nearing it’s end, and the global realities are coming back into focus.
Consider taking advantage of, or at least studying, the current opportunities in Bitcoin and Gold… may you prosper as $10,000 Bitcoin becomes one of those global realities.
In God’s will
November 8th, 2016 by Vigilo
Acknowledging first that Christ is the King of all nations, we need Donald J. Trump to win the presidency of the United States of America. I believe the survival of the country rests on this election.
While I do not agree with everything Trump espouses, I agree with a large majority of it. On the contrary, Hillary Clinton seems to be for everything I am against.
I understand that Donald Trump has done immoral things in the past, and said things that were not Godly. But you know, over the last two elections, I’ve held my nose voting for the lesser of two evils. I can say, this election, I am proud to cast my vote for Donald J. Trump. There are so many reasons that it’s hard to know where to start, Here are some reasons why….
Principle of Subsidiarity
As a traditional catholic, I subscribe to the the principle of subsidiarity, which means that the higher government entity can not, and has no right to take over duties which can be adequately performed by local governments, or by private enterprises. Our way of life has been sovietized by a paternalistic, overreaching, bureaucracy emanating from Washington D.C. While Donald Trump has advocated for quite a few big government programs (infrastructure, immigration, military spending, etc), Hillary Clinton advocates for that which intrudes into our very home (mandatory vaccines, mandatory health insurance, etc). This can go on and on, but I’ll just say the choice is obvious, Donald J. Trump.
Rights of Private Property
It is destructive to take from the rich and give to the poor. This is stealing. Private ownership of property must be respected. Further, this forced distribution of wealth destroys the incentive of the individual. The poor realize that everything will be given to them without effort, so their initiative is destroyed. The rich realize they no longer have rights over their private property, and their desire to continue is hampered.
It is clear that Donald Trump proposes tax cuts across the board and even into capital gains and dividends, thereby giving the individual the ability to spend his wealth as he chooses. Hillary Clinton wants even more taxes, and advocates paying for things like peoples student loan debt as an example of distribution on wealth. Plus, bureaucrats do not spend other peoples money efficiently.
Establishment vs Anti-establishment
Donald Trump used to be allies of the ‘establishment,’ but he switched sides and is the outsider in the presidential race. Hillary Clinton has been around government for decades. Her finger prints are on many crimes which have damaged our country, and she is in the pocket of the globalists who control the world. A vote for Trump is a vote against the George Soros types who live like leeches, sucking blood from nations.
Washington needs an upheaval. Too many become career politicians for the purpose of getting rich while/because they ‘serve’ in the government.
Another part of the power structure is big media. While the mainstream media has long been a propaganda arm, and arguably a terrorist organization, we have seen proof of such from the Wikileaks releases. Through hacked e-mails, Wikileaks proves that the Hillary Clinton ilk have been working in collusion with media outlets. We have proof of debate questions being leaked to Hillary, CNN asking the DNC what questions to ask, a CNBC correspondent acting like a Clinton lapdog, and much more.
Donald Trump calls out the dishonest, corrupt, lying media for what they are. The bias in the media is finally being called out by someone who can, giving us all somewhat of a voice.
While Donald Trump supported legalized abortion in his past, he is now clearly pro-life. He even described the evil practice of partial birth abortion in the final debate, and vowed to nominate pro-life minded individuals to the Supreme Court.
Hillary Clinton supports the evil of abortion at any and every stage of the pregnancy.
Donald Trump has a plan to repeal and replace Obamacare. By scrapping and just opening a marketplace across state lines, we can have a better health insurance system than Obamacare. Speaking personally, my health insurance more than doubled with the onset of Obamacare, so I was one of those who LOST coverage from Obamacare. I have since joined a health share ministry.
Hillary Clinton wants to expand Obamacare. She ultimately wants a single-payer system which runs directly against the principle of subsidiarity. Government has no right to tell us what what insurance we must or must not have, and what immoral procedures we must pay for.
A nation is defined by it’s borders. If that border is loosely defined and porous, then the nation erodes.
As Donald Trump says, problems, crime, rapists, and probably some good people flow across the border. Trump proposes to build a wall on the Mexican border, halting the flow. Also, he vowed to deport every criminal person here illegally.
Hillary supports a path to citizenship of people here illegally. This is unfair to the people who wait in line for years to enter the US legally. It also would act as a stealth takeover of the country, as people who don’t necessarily adhere to the nation’s constitution, are absorbed into it, thereby changing the demographics immediately. It would be the End of America as you know it, especially since many illegal immigrants come from places even more socialistic than the US is now.
It can be shown that the Syrian refugee crisis originates to the failed foreign policy of the Obama Administration of which Hillary Clinton was a part. Refugees have streamed into Europe, resulting in major problems with terrorism and non assimilation. Hillary Clinton supports a 550% increase in the resettling of Syrian refugees in the US, even though they can not be totally properly vetted.
Donald Trump wants to end the resettling of Syrian refugees into the United States. Further, he wants to halt all immigration from countries in which there is a proven history of terrorism against the US.
There may be up to 4 new justices to the Supreme Court under the next president. When you have the Obamacare mandate decided by one vote, and the Heller (gun rights) case decided by one vote……the make-up of the court could fundamentally change the country.
Donald Trump believes the Constitution should be interpreted as the Founding Fathers wrote it. Hillary Clinton believes the Constitution is a living document which can be twisted and changed with the times.
Black Lives Matter
I believe that All Lives Matter, and don’t differentiate based on someone’s race. Black Lives Matter is of itself racist, by it’s very nature and intent. Donald Trump is the Law and Order candidate. If a police officer acts beyond the letter of the law, then he should surely see justice. But when police are reluctant to enforce the law, for fear of being portrayed as racist, then society breaks down.
Hillary Clinton supports Black Lives Matter. Hillary Clinton and Barack Obama have even espoused rhetoric that has escalated tensions on a premise that was made up to begin with.
Donald Trump supports the Second Amendment in it’s strongest form.
Hillary Clinton is hostile towards the Second Amendment, and publicly disagreed with the Heller Supreme Court decision. There would be a constant assault on the Second Amendment and it’s true intent if she were president. Further, WikiLeaks revealed that Clinton plans to use executive action to circumvent Congress to push gun control.
Where to begin….Bernie Sanders sabatoge…Mainstream media collusion…Spirit Cooking….disdain for Catholics…Wikileaks has unleashed a barrage of e-mails hacked from the DNC and John Podesta. Knock yourself out at WIKILEAKS.
Secretary of State Tenure
While Trump has no experience in government, Hillary Clinton has an abysmal performance as the Secretary of State.
- Botched Russian reset
- Influence on the destabilization in Egypt
- Position on the Arab Spring
- Association with the Internation Crisis Group and Council of Foreign Relations
- There for misguided withdrawal of troops from Iraq
- Involvment in murder of Muammar Gaddafi by supporting ‘rebels’
- Lies and mishandling of attack in Benghazi
- Flourishing of ISIS
- Clinton Foundation pay-to-play
- Shady Uranium deal, linked to $2.35 million in Clinton Foundation donations
- Use of Private E-mail Server for Classified documents
- Carelessness with Classified information
- $6 billion misplaced
Her tenure as Secretary of State may be under investigation for years to come.
Private Server Use For State Dept. E-mails
“FBI Director James Comey identified 110 emails as containing information that was classified at the time it was sent, including 65 emails deemed “Secret” and 22 deemed “Top Secret”. None of these had classification markings…..An additional three email chains contained “portion markings”, simply a “(C)” indicating “Confidential” in front of one or more paragraphs. These were not included in Comey’s list of 110 because the State Department failed to confirm they were classified at the time they were sent. Clinton told the FBI she did not know the meaning of “(C)”. Nearly 2,100 emails on the server were retroactively marked as classified by the State Department.”
“In May 2016, the State Department’s Office of the Inspector General released an 83-page report about the State Department’s email practices, including Clinton’s. On July 5, 2016, Comey announced that the FBI’s investigation had concluded that Clinton was “extremely careless” in handling her email system but recommended that no charges be filed against her.”
Hillary Clinton broke the law, and yet Hillary Clinton seems to be above the law. This is one reason why Donald Trump alleges that the system is ‘rigged.’
There have been questions surrounding the Trump Foundation, but the Clinton Foundation is still under investigation by the FBI. Again, the Wikileaks releases have shown many instances where a ‘pay-to-play’ environment was employed through the Clinton Foundation. Large donors, even foreign, were able to gain access to the government and State Department through Clinton Foundation connections. This also leads to a possible blackmail situation under a Clinton presidency.
War with Russia
Donald Trump and Vladimir Putin have shown a mutual respect of each other.
Hillary Clinton has shown an unhinged disrespect towards Russia, even likening Putin to Adolf Hitler. She is also a puppet of George Soros who has been involved in the destabilizing of Ukraine, on Russia’s doorstep. She has accused Russia of being behind Wikileaks, armed with only speculation. She has proposed enforcing a no-fly zone over Syria, and her presidency could very well ignite War with Russia.
The next four years is likely going to be tumultuous regardless who wins. The stock market and the social mood are in a topping pattern, and decades of a cycle is coming to an end. Some even label it a fourth turning. If it all goes down, who do you want there to start the rebuilding process? What should the Supreme Court look like? Should we still be a nation which kills its babies at any stage of pregnancy? Will there be a pro growth environment when the system resets? Will global or civil unrest be instigated? Do we want a president under constant criminal investigation? Will we be a nation that respects God, or one that tries to omit Him? All these questions and more we must consider.
Donald Trump is not perfect, but he is the best hope the United States of America has had in a very long time. Unfortunately, he may now be the last hope for America by the grace of God. I’m not sure what definition we should use for ‘great’, or when exactly America lived up to that ideal….however, I must say, let’s Make America Great Again and Vote for Mike Pence and Donald J. Trump for President of the United States of America.
October 3rd, 2016 by Vigilo
It’s obvious that Deutsche Bank has been in a bearish trend. Technically and fundamentally speaking, there is not much reason to believe this trend will end anytime soon. It could even be, that traders will continue to beat up on the price of DB stock, until politicians are ‘forced’ to intervene. Whether that is in the form of a bail-in, a bail-out, or some other Ivy League economic theory….the systemic risk posed, especially from Deutsche Bank Derivatives, can not be ignored.
As of this writing, Deutsche Bank stock shot up over 15% on the previous trading day. It now sits at $13.23. While some see this as a ‘disaster averted’ type of move, it could just be a dead cat bounce. The bear trend is still intact, Deutsche Bank derivatives nor any other issue concerning the bank have been resolved. We view this 15% move higher for Deutsche Bank to be a better chance for profiting off of a medium-long term short trade.
As we see how the saga unfolds, let’s give a few of the bank’s problems, and will cover a few trade ideas for Deutsche Bank and Citigroup.
August 17th, 2016 by Vigilo
The Deep State. It can be described as “the state within the state.” Those who are politically literate can see it well in the United States kleptocracy. It’s the shadow government that runs behind the scenes.
The revolving door between government and mega corporations could be mentioned. There have been hundreds of cases where federal workers in the Obama administration get jobs within Google, and vice versa. We see Monsanto trade players with the very people who ‘enforce’ laws upon it.
The pay to play scheme’s could be mentioned as well. Recently, links have been shown between the Clinton Foundation and the United States Department of State.
While it ensures that the things previously mentioned are maintained, the Deep State is bigger and deeper than that, and it isn’t even confined to any one nations borders. However, as the Deep State feeds off of the very class of people it strangles…..it does so at the risk of overreaching. This brings us to Charles Hugh Smith’s “The Deep State’s Catch-22.”
What is the Deep State’s Future? Is it’s grip entrenched forever, or will it collapse along with the system it leeched?
The Deep State’s Catch-22 written by Charles Hugh Smith
What happens if the Deep State pursues the usual pathological path of increasing repression? The system it feeds on decays and collapses.
The Deep State in virtually every major nation-state is facing a form of Catch-22: the Deep State needs the nation-state to feed on and support its power, and the nation-state requires stability above all else to survive the vagaries of history.Catch-22 (from the 1961 novel set in World War II Catch-22) has several shades of meaning (bureaucratic absurdity, for example), but at heart it is a self-referential paradox: you must be insane to be excused from flying your mission, but requesting to be excused by reason of insanity proves you’re sane.