Subscribe today, and as a reward we would like to offer you the opportunity to download our FREE 50 page eBook “Guns and Butter”.
Throughout history, countries have had to decide between feeding the people or protecting them. But there’s another war being waged in the background. A hidden war. A financial war. And not one in 100,000 realises it’s happening.
A perfect storm. The stage is set for the introduction of new technology. It’s called Distributed Ledger. You know it by its other name.
Central Bank Killer
Disruption. Central Banks worldwide react as Bitcoin hits $10,000 US dollars a coin. Governments and financial institutions, normally calm, steadfast, and non-reactionary, suddenly change channels.
“Everyone has a plan ‘till they get punched in the mouth.” - Mike Tyson
As the price of Bitcoin and cryptocurrencies continue to go down think about this…
When you are bailing out and selling, who is the counterparty? Who’s on the other side doing the buying?
As Bitcoin prices continue to fall, is this the end of the line for Bitcoin? And as (almost) all the other coins and tokens are highly positively correlated to Bitcoin if this is the end of Bitcoin, is this the end of cryptocurrencies?
It’s in our nature to follow the crowd, and it’s also in our nature to look to “experts” for guidance. We want to know it’s safe before we act. This behaviour is one of a group of biases that causes herding.
And there are people out there who not only know all about this collection of biases, they regularly exploit them…
Prices can go up on less turnover because there are more willing buyers than willing sellers and not because there’s thousands or millions of buyers. It’s a ratio, not an absolute number.
And when prices start trending more and more people start watching. The more they wait, they become more emotionally engaged and play vivid images in their heads seeing pictures of what could have been.
It’s electronic cocaine for your mind.
We all have a potent concoction of biases influencing our behaviour.
The antidote is to be aware they exist.
Excitement, anticipation, awe. The thrill of seeing something new for the first time releases powerful chemicals in your brain. Swimming in a cocktail of dopamine you see the potential of your discovery. At last, you have the key to the life you are destined for. The life you’ve always wanted.
On the 23rd of May 1995, three well-dressed twenty-somethings walked into a casino in Monte Carlo.
It was nothing to do with luck.
It’s fabulous, it’s glamorous, and it’s true.
But our heroes had a secret.
“What separates the consistent winners from everyone else?”
The consistent winners, the five percent, profit consistently from the other ninety-five percent. They’re systematic and ruthless.
If you sit down in front of your computer, fund an account and begin trading in cryptocurrencies (or any other financial market) without an understanding of edge, position size and money management, the odds are high you are going to become a fully paid-up member of the 95% club.
You might as well take your seat at the slots in your local casino.
Perhaps you’re thinking, you’d never play the slots because it’s a mug's game.
If you start trading cryptocurrencies without an understanding of your biases, (and how they affect you), and without understanding your edge, you might as well be sitting in front of the video game reels pressing the bet button.
Going against the crowd is hard because acting alone and answering only to yourself goes against your inbuilt biases and years of experiential life conditioning. We are trained to recognise authority and respond to an authority figure.
We think we’re in control. But studies in behavioural economics has shown we are not. We use a personal collection of subconscious biases and behaviour patterns to help us get through the day.
It could be a perceived expert from your bank or brokerage. It could be a TV talking head, or it could be an article in a newspaper. If you’ve taken a position and you read, see, or hear something that goes against your authority, it will be difficult for you to resist second-guessing yourself.
If you aren’t clear about exactly why you should take a position, you’ll find many catalysts waiting to either stop you from getting in or spook you into getting out too early.
The woman percentage involved in cryptocurrency and blockchain is far lower than men.
A brief introduction to four incredibly weird Altcoins - Mooncoin, Ethorse, Pandacoin and KodakCoin
If your one goal in life is to learn how to spend Bitcoin, you're in the right place. The good news is you don't have to understand many technical details to begin using Bitcoin or altcoin (any other digital currency except Bitcoin) to buy something.
The bad news is that to look under the hood at exactly how a digital currency transaction goes down might make you queasy - sort of like watching sausage being made. One thing is fairly certain. These digital or cryptocurrencies aren't going away anytime soon, so you might as well get familiar with them. Who knows? They might eventually replace the paper-based fiat currencies we've been using forever.
When the conversation turns to blockchain technology, do the words you hear resemble "Blah, blah, blah," like when an adult speaks in the Peanuts comic strip? Trust us; the momentary panic is not necessary. We're not here to say you need to understand all the ins and outs of how blockchain technology works, but if you ever want to buy, sell, or invest in cryptocurrency or grasp how the future internet might work, pull up a chair and listen for a spell.
We'll keep it understandable and with a minimum of technobabble. But before we talk about the technology that might be the most astounding advancement since the internet itself, let's examine the old way of doing things.
As you might have figured out in your research in cryptocurrencies, storing digital currency like Bitcoin isn't as satisfyingly easy as whipping out your worn leather wallet from a back wallet and cramming a few more notes inside.
No sirs and madams. Keeping your hard-earned cryptocurrency safe from various types of cyber-criminals requires knowledge and planning. Keep reading, and we'll take care of the knowledge part. As for planning, that's up to you.
So, you want to trade cryptocurrencies, but you're pretty sure there's a smart way to do it and a dumb way. You're right with that assessment. Here's a hint. A foolish move would involve almost anything other than using a credible online cryptocurrency exchange. The trick lies in discerning the credible from the - shall we say - shady as heck. For Australian traders and investors, check out the following list of trading platforms that have been around awhile (which is a relative term when it comes to the cryptocurrency industry) and proved themselves to be legitimate operators not likely to steal your money and head for the Outback.
When it comes to digital currency, one leads the pack. We're talking about Bitcoin (BTC), the first and still the most popular in this nascent industry of cryptocurrencies.
As the initial currency built with blockchain technology and utilising a decentralised Peer-to-Peer (P2P) network, Bitcoin is more than just the face of the industry. It is the industry.
Here's a statistic to make you cry.
One hundred dollars invested in Bitcoin in 2011 would be worth $5.7 million in 2018.
If you had known how that particular currency was going to take off - well, let's just it would have been a heck of a retirement plan. With Bitcoin now running at almost $15,000 (at time of writing), it might be tempting to think the party is over. Maybe, but probably not.
Do you feel like a dunce whenever the conversation turns to a digital currency like Bitcoin and its variants, and the terminology flies fast and furious?
Never fear. We’re here to offer a concise explanation for those cryptic terms. By the time you make it to the end of this article, you’ll be able to drop words like blockchain, the latest fork, and the security benefits of P2P like you were born to it. Let’s get started.
Cryptocurrency. The name itself sounds faintly sinister, but it’s not.
Put simply, it’s nothing more or less than digital money.
Beginning with the release of the first cryptocurrency, Bitcoin, in 2009, the idea of digital cash has worked its way into the global frame of reference.