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Dead or alive?

Thursday, 6th December 2018

Dead or alive?

If you make a habit of reading the financial press, you’ll know that right now every man and his dog is talking about inverted yield curves in the US – and what that means for the global economy and markets….

We’ll leave them to get on with that….

But me? I can’t take my eyes off Bitcoin. The carnage continues….

Down now through the $4000 barrier and trading earlier this morning as low as $3680, this is the crash that keeps on rolling….

The weak-kneed crypto speculators have been well-and-truly shaken out of the market now. Those buy-and-hold merchants that remain are surely made of iron….

  • The hideous spectacle….

Bitcoin is coming down the mountain like one of those Olympic skiers who lose control at speeds of 80 to 90mph….

One moment they are shooting across the snow like bullets….

Suddenly they wobble and lose control. And the next minute they are  tumbling down the hillside in a high-speed tangle of arms, legs, sticks and skis….

It’s bone-breaking stuff and a hideous spectacle to watch….

When will it stop? Will it stop? Or is this thing going to hit rock-bottom with a sickening thump?… Click here to read more

The real issue with cryptocurrencies….

Wednesday, 28th November 2018

The real issue with cryptocurrencies….

I’m concerned about Bitcoin….

Not about the recent price crash. That is what it is….

I’m concerned about what is happening behind the market action that grabs the headlines….

I’m concerned about why it is happening….

And about what it could mean….

But before I get onto that, Bitcoin’s nose-dive cannot be avoided. It is a major feature of the developing story….

  • This time last year….

This time last year, Bitcoin rode high. The price had burst through the $10,000 ceiling and was on-course for a mid-December high-point of $19,783….

This time last year, Bitcoin promised to make all of us rich. No man left behind….

All you had to do was figure out how to buy some, put your cash down and watch the price head for the moon….

There was no limit to where Bitcoin might go. $10,000 was just the beginning….

Bitcoin proponents were in a dog-fight for headlines. No prediction was too optimistic or too outlandish. It was like a no-limit poker game with every player thinking he held the winning hand….

$40,000 said Mike Novogratz. Ran Neuner said $50,000. Tai Lopez said $60,000.… Click here to read more

The big winner when the crash comes….

Thursday, 22nd November 2018

The big winner when the crash comes….

Global stocks continue to take a pounding….

For sure, there was an element of bounce-back at work yesterday. But across the board, major indices were trading at the lower end of their respective 52-week range….

That was the case in London on the FTSE 100 and the FTSE 250….

It was the case on the major US bourses – the Dow Jones Industrial Average, the S&P 500 and the NASDAQ Composite….

It was the case on the European mainland – on the German DAX and the French CAC 40….

And it was the case in Asia on the Nikkei 225 and the Hang Seng Index in Hong Kong….

They say trends are made for bucking – but nowhere on the planet are markets or investors bucking this one….

  • This is not a massacre – not yet….

Of course, it’s tempting to look at the action on global indices over the last month or so and to see it as some sort of massacre….

But let’s not get ahead of ourselves. Let’s not lose our sense of perspective….

It doesn’t pay to get too caught up in the here-and-now – at least where markets and big issues are concerned.… Click here to read more