Tag Archive: bitcoin

Things May Look Very Different

Investing is an art rather than a science. Keeping the big picture in mind is critically important when it comes to achieving financial objectives. That being said, the time to consider the big picture is now. Forget record-high stock markets and a rebound in real estate values for a moment and consider what the financial landscape could look like in 20, 30 or even 50 years. With a stock market that has been moving higher for a decade now, some might suggest those getting long... Continue Reading

Gold and Bitcoin?

The current Bitcoin and cryptocurrency craze has taken markets by storm. While gold remained relatively range-bound, Bitcoin was moving higher-a lot higher-until hitting the $20,000 market this week. The currency has since pulled back a bit, but it is likely not the end of the run higher. Without offering a guess as to just how high Bitcoin and cryptocurrencies could potentially go, perhaps the bigger question and issue at hand is why these instruments are garnering so much interest. The monetary system has been run... Continue Reading

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The Bubble is Getting Bigger

According to Investopedia, a bubble is “an economic cycle characterized by rapid escalation of asset prices followed by a contraction. It is created by a surge in asset prices unwarranted by the fundamentals of the asset and driven by exuberant market behavior. When no more investors are willing to buy at the elevated price, a massive selloff occurs, causing the bubble to deflate.” According to Wikipedia, a bubble is defined as “trade in an asset at a price or price range that strongly exceeds the... Continue Reading

Is Bitcoin About to Crash?

The last several months have seen a lot of price movement-and hype-surrounding Bitcoin. Some have hailed the cryptocurrency as the wave of the future, while others have called the market a fluke that won’t last. Bitcoin has seen some selling in recent days, and that selling could be indicative of a significant exodus from the digital currency. Bitcoin recently traded for over $7500, but has since lost some steam and is trading for under $7000. Could the recent sell-off be the beginning of the end... Continue Reading

WannaCry Hackers Finally Cash Out

It’s been about three months since the WannaCry ransomware attack, and those behind the attacks have finally cashed out. This ransomware attack crippled computer systems, encrypting files and charging the owners anywhere from $300 to $600 to get the “keys” to unlock their files. The attack prevented a U.K. emergency room from accepting patients, shut down a Spanish telecommunications company and more. The money, all told about $140,000, has been sitting in three separate bitcoin wallets for 12 weeks. Naturally, those wallets have been closely... Continue Reading

Gold versus Bitcoin – No Comparison

“Bitcoin hits $1,900 to reach record high with market cap up $4 billion this week alone”-cnbc.com. “As Bitcoin Soars, Is It The New Safe-Haven Play?” –Kitco.com Bitcoin has broken through $1900 for the first time today, as trade in Japanese Yen and Korean Won reportedly fuels today’s rise. The recent rise in Bitcoin-both in price and in the headlines-may have some investors questioning whether or not this is an “asset class” that they ought to consider. So far, it appears that Asian investors may be... Continue Reading

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