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Tag Archives: cryptocurrencies

  • Daily Digest
    Image by Travis Isaacs, Flickr Creative Commons

    Daily Digest 1/29 – Connecticut’s S.O.S., Does More Screen Time Cause Unhappiness?

    by DailyDigest

    Monday, January 29, 2018, 5:22 PM

    0
    • Connecticut’s S.O.S.
    • The idea that everything from spoons to stones are conscious is gaining academic credibility
    • Jeremy Corbyn announces Labour will buy every homeless person in the country a house
    • How Will AI Change Work? Here Are 5 Schools of Thought
    • Stockton Gets Ready to Experiment With Universal Basic Income
    • Most unhappy people are unhappy for the exact same reason
    • Let The Sun Power Your Portfolio
    • Camel beauty pageant bans a dozen animals over Botox injections
    • The flu can kill tens of millions of people. In 1918, that’s exactly what it did.

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  • Daily Digest
    Image by pasa47, Flickr Creative Commons

    Daily Digest 1/11 – “Plague” Of Million-Dollar Homes Haunting Real Estate, The Year Of Living Dangerously

    by DailyDigest

    Thursday, January 11, 2018, 3:48 PM

    3
    • Retirement crisis: 37% of Gen X say they won't be able to afford to retire
    • Losing Faith in the State, Some Mexican Towns Quietly Break Away
    • The Fed, worrying about the next recession, considers changes
    • Party While You Can – Central Bank Ready To Pop The 'Everything' Bubble
    • 2018: The Year of Living Dangerously
    • Many happy returns: new data reveal long-term investment trends
    • A plague of million-dollar homes haunts real estate
    • What's The Difference Between Children's Books In China And The U.S.?
    • California's Brown Raises Prospect of Pension Cuts in Downturn
    • Exercise Alters Our Microbiome. Is That One Reason It’s So Good for Us?

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  • Blog
    stocksmasters.com

    If You Don’t Own Any Bitcoin, Read This

    This week it hit $19,000. What's next?
    by Adam Taggart

    Saturday, December 9, 2017, 12:50 AM

    98

    Bitcoin's price has gone 'beyond exponential' this week.

    Just yesterday, while I was working on this article, it shot up 22% — from $14,000 to $17,000 (hitting an intraday high of $19,000). And that's after a mind-blowing upwards rocket ride over the past several months. I think it's safe to say that the vicious melt-up in price over such a short timeframe has surpassed the expectations of even the starriest-eyed Bitcoin fanboys.

    The whole world, especially the 99.99% of us that own zero cryptocurrency, is asking: What happens next? And, What should I do?

    Is this insane trajectory going to continue for a lot longer? Do I need to get in now to avoid missing this once-in-lifetime fortune-making opportunity?

    Or is this a classic bubble blow-off top? Is this the deadliest time to enter, right before the price implodes?

     

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  • Insider
    Lev Kropotov/Shutterstock

    Smart Strategies For Building & Managing Your Cash Savings

    Options for protecting purchasing power
    by charleshughsmith

    Saturday, September 16, 2017, 12:47 AM

    10

    Executive Summary

    • Is it better to hold cash in savings/checking accounts, or securities accounts?
    • Where will the dollar likely from here?
    • What will likely happen with retirement accounts?
    • Ways to diversify your cash risk

    If you have not yet read Part 1: The Cardinal Sin Of Investing: Permanent Impairment Of Capital available free to all readers, please click here to read it first.

    The Role Of Cash In The Informal Economy

    In stagnating formal economies burdened by over-regulation, high taxes and financialization, one of the few bright spots for employment and entrepreneurism is the informal or cash economy.  The more stultified and elite-dominated the economy, the larger and more vibrant the informal economy.  In some highly regulated, high-tax European nations, up to 30% of the economic activity is underground/cash.

    The elimination of central bank currency will not eliminate the informal economy. Rather, the participants in this sector will adopt non-central bank issued forms of cash—precious metals, coins, other nations’ paper money, perhaps even digital currencies such as bitcoin or its gold-linked cousins (Bitgold, etc.)

    Those with little income often do not have bank accounts, as the fees are costly. Eliminating cash will hit the poor who earn money in the informal economy especially hard. Though the poor are essentially powerless in our influence-is-auctioned-to-the-highest-bidder system, this could change once the working poor who benefit from the cash economy are pushed even deeper into poverty by the banning of cash.

    That might spark…

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  • Podcast

    Patrick Byrne: Why Cryptocurrencies Matter

    They make freedom from the central banking cartel possible
    by Adam Taggart

    Sunday, July 30, 2017, 7:28 PM

    10

    This week we talk with Patrick Byrne, CEO of Overstock.com, and rare courageous voice within corporate America raising concern that powerful interests on Wall Street are destroying US companies for profit, robbing investors and destabilizing our financial system in the process. 

    Byrne has been an early advocate for digital currencies and their potential to protect financial wealth from the massive policy missteps being undertaken by the Federal Reserve. (In 2014, Overstock.com became the first major retailer to accept Bitcoin payments.) 

    In this week's podcast, Byrne details out the promising potential of cryptocurrencies and the blockchain, as well as his thoughts as to whether they will be able or not to evade subversion by the world central authorities.

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  • Insider
    Shutterstock

    The Value Drivers Of Cryptocurrency

    These factors will determine which coin(s) will win out
    by charleshughsmith

    Saturday, June 24, 2017, 1:27 AM

    8

    Executive Summary

    • The critical value of scarcity
    • Understanding the utility of the blockchain
    • Will (can?) governments ban cryptocurrencies?
    • A coming geometric explosion in the price of cryptocurrency?

    If you have not yet read Part 1: Understanding The Cryptocurrency Boom available free to all readers, please click here to read it first.

    In Part 1, we surveyed the exciting but confusing speculative boom phase of cryptocurrencies. Here in Part 2, we will contextualize this mad swirl by running it through two filters: scarcity and utility.

    What’s Scarce? Scarcity Creates Value

    Regardless of one’s economic ideology or system, scarcity creates value and abundance destroys value.  When we say supply and demand, we’re really talking about scarcity and abundance and the rise or fall of demand for the commodity, good or service.

    In classical economic theory, scarcity is met with substitution: ground beef too expensive due to relative scarcity? Buy ground turkey instead.

    But this model has weaknesses.  There aren’t always substitutes, or the substitutes are more expensive or problematic than what is now scarce. 

    As a general rule, profits flow to any scarcity of goods and services with high utility value.  We value what’s scarce and useful, and place little value on what’s abundant and of limited utility.

    Currency has three basic functions: a store of value (it will retain its purchasing power over time), means of exchange (we can use it to trade goods and services, pay debts, etc.) and as an accounting mechanism to track assets, debts, income, expenses and exchanges/trades.

    We assume all currency has this function, but only currency that is easily divisible and easily tradable enables easy accounting.  If a notched stick is a unit of currency, and one stick buys a pig, what do I use for purchases smaller than a pig?

    In today’s world, a currency must be….

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  • Blog
    digitalcoinsexchange.com

    Understanding The Cryptocurrency Boom

    A ground-level assessment
    by charleshughsmith

    Saturday, June 24, 2017, 1:26 AM

    59

    Today, there are hundreds of cryptocurrencies, and a speculative boom has pushed bitcoin from around $600 a year ago to $2600 and Ethereum, another leading cryptocurrency, from around $10 last year to $370.

    Where are cryptocurrencies in the evolution from new technology to speculative boom to maturation? Judging by valuation leaps from $10 to $370, the technology is clearly in the speculative boom phase.

    In trying to predict which forms of cryptocurrencies will dominate the mature marketplace of the future, we know that markets will sort the wheat from the chaff by a winnowing the entries down to those that solve real business problems (i.e. address scarcities) in ways that are cheap and robust and that cannot be solved by other technologies.

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  • Blog
    M. Primakov/Shutterstock

    Why The U.S. Dollar And Bitcoin Keep Rising

    Understanding utility-driven demand
    by charleshughsmith

    Friday, January 6, 2017, 3:12 PM

    8

    Capital migrates to where it flows with the least resistance, i.e. to forms of capital that are liquid and offer low transaction costs—what I call ease of flow. Capital also migrates to relatively safe havens that are liquid and offer low transaction/holding costs, and to forms of capital with global utility. And it also flows to the highest yield/return with the lowest perceived risk.

    Given these fundamentals, it isn’t difficult to understand why capital is flowing into USD-denominated assets and bitcoin.

    So what do the fundamentals suggest about the valuation uptrends in the USD and bitcoin? Have they topped out and due for a crash, or have they just started their appreciation cycle?

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  • Blog
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    Fortunes Will Be Made & Lost When Capital Flees To Safety

    As safe havens are tiny markets
    by Adam Taggart

    Friday, June 24, 2016, 8:46 PM

    11

    Little did I realize when creating the short video below how prescient it would quickly become in the wake of last night's Brexit vote…

    It's message is simple: there's a preponderance of data that shows the world's major asset markets are dangerously overvalued. And when these asset bubbles start to burst, the 'save haven' markets that investment capital will try to flee to are ridiculously small. Investors who do not start moving their capital in advance of crisis will be forced to pay much higher prices for safety — or may find they can't get into these markets at any price.

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