Bitcoin is not a problem to be solved – It is a mystery to behold. Ancient writers may have writ this aphorism about life, but today it appears to apply to Bitcoin, as well. The entire analyst community is scratching its collective head today to ascertain the reasons why their beloved digital asset suddenly fell…
Read more
Ho-hum. The Bakkt exchange finally opened its doors, after thirteen months of built up anticipation, but there was no avalanche of institutional orders, no fanfare, only a plethora of articles in the press asking where was everyone hiding? The first transaction was for one BTC, pegging the price at $10,115. Another 17 BTC of orders…
Read more
It is always preferable to have a positive attitude about all things in life, but when it comes to investing, unfortunately, you must be aware of your potential downside in all situations. At those times, it is necessary to put the old “negative” hat on and decide what might make your world an inhabitable place…
Read more
Bitcoin and its latest travails kept a bleary-eyed crew of analysts and traders awake through the night, as a sudden blast of cold wintry air from unknown parts knocked the token for a loop. As some astute observers remarked, the market share leader in Crypto-Land fell off a cliff, shedding $550 in minutes. The shockwave…
Read more
Analysts tend to get complacent when their favorite asset goes into ranging mode for an extended period of time. BTC has been range bound for more than thirteen weeks, hovering about $10,300, as if “low volatility” was its middle and last name. We have seen a dearth of recent outlandish predictions of how high the…
Read more
The world tends to listen to economists, when they speak, especially when the Nobel award committee has recognized them for having achieved something grand in the discipline. We also like to joke about them, as well, i.e., if you laid all economists end to end, they still would not reach a conclusion. If you were…
Read more
Bitcoin’s first decade has witnessed a seminal sea change in the way investors now evaluate a “currency” in digital terms, and with these changing times, an historical fact pattern has emerged like none other before it. Our lexicon is now filled with crypto phrases and abbreviations to beat the band. Pretty soon, especially for the…
Read more
We sometimes forget that miners play a critical role in the Crypto-verse and that the vagaries of their business model are very similar to that for miners in the oil industry. When the market for your selected commodity goes south, you can shut down your rig or build inventory for sale at a later date,…
Read more
How quickly attitudes can change in the Crypto-verse? There was general euphoria and cause for celebration last week, when Bitcoin broke out of its doldrums and appeared bent on blasting through $11,000. The party, however, ended as quickly as it began, as momentum waned and the world’s favorite digital asset began “losing altitude”. This phrase…
Read more
After more than one decade, Bitcoin continues to be the market leader according to its share of overall crypto market capitalization. Yes, dominance dropped drastically during 2017, when altcoin development projects flooded the market, but Bitcoin had clawed its way back to a 50% share by the close of 2018. It remained so until this…
Read more