Friday, December 22, 2017

Fellow Bitcoiners....


Trump, the Tax Bill and Cryptos

What will the result be for Trump and the GOP now that they are changing the tax laws on crypto trading? Surely this isn't the end either as Gov can't help but to constantly interfere in our lives and destroy all innovation and demoralize their citizens.

Well for my part, it's this:

1) I will consolidate my holdings into BTC and LTC (likely others will as well which will drive prices sky-high and may kill the Alt market and ICO's By design? Is it easier to attack fewer or more cryptos?).

2) I will NEVER sell them. Ever! Not until the laws change or the dollar dies. Then I'll just spend them. I won't give them the tax revenue.

3) I will NOT be voting for Trump nor will, I suspect, any of his Millennial supporters who are involved in cryptos.

Action - Reaction

Read more here:

The Taxman Cometh: US, Russian Investors Face New Calls To Pay

Bitcoin traders face new tax obligations in the US and Russia as authorities keen to get a piece of the action begin ‘tweaking’ laws. As Fortune and others report today, a tax reform amendment Congress passed this week will oblige crypto-to-crypto handlers to pay tax on any gains.  The change in the status quo comes as a low-key change in legislation closes a loophole which previously allowed so-called “like kind exchanges” to occur tax-free.

Tuesday, December 19, 2017

Governments, Cryptos and Gambling

All around us we hear of the dangers of crypto currencies by "concerned" governments. They tell us it's a risky asset. A fraud. It will ruin you. But yet, do they really care about you or do they care about their own revenue streams?

Crytpos require you to use your own mind. You must learn about this space and weed through all the fear mongering and determine for yourself if this is a legitimate asset to invest in. Will it survive? I believe so.

Do you have better chances elsewhere? Perhaps in an online Government lottery? The Gov who's looking out for you?

Let's put this in the "A picture speaks a thousand words category".


Friday, December 15, 2017

DOW Bubble Vs BTC Bubble

Continuing on with the theme of bubbles, is the DOW in a bubble? And speaking of the DOW and it's 200 day moving average, shall the two EVER meet again? Once more, a picture says a thousand words.

Observe and tremble in fear!!!!



A certain song by Billy Joel is coming to my mind. LOL!!!


Is Amazon or BTC in a Bubble?

The truth is friends there are bubbles everywhere. There are so many bubbles everywhere it seems the law of gravity itself has been suspended.

I'm starting to get the sneaking suspicion that what we are really witnessing is a global hyperinflation of ALL assets courtesy of the money printing (aka, global, synchronized recovery [pfffffftttttttt]) by our glorious central banks. May they burn in flames. No I mean it. In a kind, non hate-speech kind of way.

But speaking of bubbles, it seems all you hear about is bubbles in the Crypto space. Bitcoin's (BTC) in a bubble, Litecoin's (LTC) in a bubble, Ethereum (ETH) etc.

With the DOW breaking records every day and the S&P on track to have its first year EVER (YAY!!!) without one single down month and so much speak about bubbles, why do we never hear about that on main stream media (MSM)?

Why do we never hear bubble talk about companies like Amazon, who all things considered have never turned a profit? NEVER!

Let's take a look at a chart of Amazon and I'm just going to leave it at that. They say a picture speaks a thousand words. Or sometimes just thousands of percent.


Thursday, December 14, 2017

Litecoin (LTC) the Best Currency of All?

Wow! Quite a statement from Investopedia, have I picked a winner here?

"Litecoin’s drama-free community and even keel give it less volatility and a steady trend, making it great for arbitration, trading, spending, or even fundraising. Savvy cryptocurrency enthusiasts have compared bitcoin’s market capitalization to Litecoin and done the math based on its maximum number of coins and other traits and have almost unanimously declared that it is undervalued. Even so, with much progress being made on the Lightning Network, Litecoin may one day soon evolve into the truest form of cryptocurrency yet, and leave the others in the dust."

Read the rest here

Visit Litecoin's site here

How Do We Value Litecoin and Crypto Currencies?

Bubbles abound and everyone is wondering where BTC, LTC and the cryptos in general get their value. Well, how do we determine their value? As this is a relatively new industry many of these metrics are still being worked out.

In the article below I believe the author Josh Olszewicdoes a pretty good job of presenting the Network Utility function of Litecoin.

Consider:  

"Unconfirmed transactions now stand at just over 700, at the time of writing, whereas Bitcoin (BTC) and Ethereum’s (ETH) unconfirmed transactions are well above 100,000 and 13,000 respectively. 31,000 of the bitcoin transactions have fees set to less than US$0.01, far below the current appropriate level. These unconfirmed transactions account for 0.87% for LTC, 1.5% for ETH, and 27% for BTC. The current median fee for LTC is US$0.0786.

LTC now has the lowest Network Value to Transactions ratio among available coins measured, suggesting the coin remains undervalued based on utility. The metric was devised by Willy Woo and Chris Burniske and is similar to the traditional Price to Earnings ratio when selecting stocks."


Read the rest here at Bravenewcoin.com.

Tuesday, December 12, 2017

Litecoin Going Mainstream

Looks like LTC is about to take the lime light as it is a much more functional currency than BTC.

CNBC and Money.CNN both showcasing LTC.

Forget bitcoin, its fourth-biggest rival is up nearly 5,800 percent this year

Move over, bitcoin. Here comes litecoin

So when do we hit $1,200? 

Litecoin Leaving the Stratosphere

What else to say? I hope you bough some Litecoin when I showcased it back in August.


Thursday, December 7, 2017

Will BTC Break $500,000 in 2018?

Here's your WTF chart of the day as we all gaze in amazement at Bitcoin and the failure of the monetary system in real time. When will government intervene with a heavy hand and DESTROY  the illusion they have created for the Millenials and Gen Z that there is no danger in the world and markets only go up and Gov is your friend?

Will government try and go back to a gold standard after they have systematically crushed the price with naked short selling and destroyed any semblance of credibility in that market as well?

Will government try and create their own crypto-currency once they have destroyed the dollar and promise all they won't destroy that currency either?

Will government even survive all of this? Will we? Lol! WTF?