Cryptocurrencies saw an increase in investment in June with $12 billion worth being pumped into the market. The increase was due to the bullishness of investors towards cryptocurrency markets in general, as well as blockchain research. An article on Medium states that 77.9% of investors who were surveyed in April believe that cryptocurrencies will rise … Continue reading Short-Term Bitcoin Price Analysis
First it was multiple forks of Monero (XMR) to resist mining via ASICs. Then it was a very successful 51% attack on Bitcoin Gold (BTG) and Verge (XVG). Now it's another 51% attack on ZenCash (ZEN), a fork of Zcash. We are going to see more and more of these attacks in the coming months … Continue reading Blockchains, Attacks and their Security That Wasn’t
I have a new Private Blog post up for my subscribers on Patreon discussing Bitcoin's current chart position after a soft bounce thanks to Europe's political unrest last week. If you’d like to subscribe to the Private blog head over to my Patreon to sign up for it and the Gold Goats ‘n Guns Investment Newsletter.
Yes, I said necessity. In a recent issue of the Gold Goats ‘n Guns Newsletter I described Bitcoin as “The Mutation That Saved Money.” In that piece I argued that Bitcoin was born out of the extreme fraud of the financial system under Greenspan and Bernanke. Leverage ratcheted up post-Y2K to levels which could only … Continue reading The Necessity of Bitcoin as Reserve Asset
People hate change. They also allow themselves to be swayed by the first or second thing they hear about something new that confirms their bias for or against it. Once that happens, they simply run with that as a justification for why they don't like something and never move off that position. In libertarian circles … Continue reading More Crypto-Idiocracy: Conflating the Extreme as the Norm
It looks like a repeat of what happened to spark the Bitcoin and crypto-revolution in 2014, capital flight fueling demand for the currency. Then Chinese were protecting their capital to get around capital controls during the infamous "Taper tantrum" and subsequent shock Yuan devaluation by the People's Bank of China. It was this capital flight … Continue reading Iran Turns to Bitcoin to Protect Wealth While Rial Dies
I have a new Private Blog post up for my subscribers covering my thoughts on the latest bounce in the cryptocurrencies now that it looks like Bitcoin will make a weekly close above $9000. For those interested you can support my work and sign up for the Private Blog as well as gain access to … Continue reading Private Blog – Cryptos: New Bull Market or Dead Cat Bounce?
Things are heating up in a way that are finally becoming interesting. ECB President Mario Draghi continues to admit he's trapped at negative interest rates and buying European sovereign debt in perpetuity. Will the market ever call his bluff? When it does watch Gold, Silver and the cryptocurrencies closely. Speaking of Silver it's had a … Continue reading Gold Goats ‘n Guns Live – The ECB is Trapped, Silver/Bitcoin Rally and Orban is Winning