Commodity Trade Mantra

Posts Tagged ‘Crypto-Currency’

Perfect Scam Or A Safe Investment - My Two Bits About Bitcoin

Essentially, a cryptocurrency is a digital medium of exchange. The first one, created about four years ago, was Bitcoin. Since then, scores, if not hundreds of various permutations of the concept have been launched. Bitcoin is decentralized, with no specific institution controlling its network.

Bitcoin is Cryptographic Gold - Do You Agree?

On a conceptual level, Bitcoin has more in common with gold and silver as monetary assets than with state fiat money. The supply of gold, silver & Bitcoin, is not under the control of any issuing authority. Precisely why such assets were chosen as money for thousands of years.

Bitcoin versus Gold: Currency versus Money

Bitcoins are currencies, not money or investments and the differences between these three concepts is crucial to doing asset management right. Sound money doesn’t have counterparty risk; its value doesn’t depend on someone else keeping a promise & so holds value over long periods of time.

What Does the Market Say - Is Bitcoin A Revolution Or A Trap?

From under $20 at the beginning of 2013 it rose to $240, crashed to below $100, and then in one dramatic arc soared to more than $1,000. The market value of Bitcoin in early 2014 exceeded $10 billion and the number of merchants willing to accept it was soaring. The market appears to have spoken.

Gold And Silver Reverse Bubble - A Huge Rally When Broken

Given the gross manipulation of both gold and silver, once this artificial reverse bubble bursts, the results will be equally distorted to the upside – The onus is on buyers to demonstrate the ability to effect change. As for now, there is no evidence that buyers are stepping in and taking over.

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