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Videos uploaded by user “Crypto Investor”
Proof of Stupidity | Revolutionary Consensus Algorithm
 
03:51
Proof of Stupidity NATURALLY occurs in NATURE so you don't even need to write any code for it to occur. It is by far the best way to reach decentralized consensus. In this video, we discuss three examples that illustrate Proof of Stupidity's superiority over other alternatives: 1. "Long Island Iced Tea Corp" rebranding themselves as "Long Blockchain Corp" 2. Hooter's starting a cryptocurrency rewards program 3. Kodak launching Kodakcoin Perhaps in the future we'll talk about more examples of proof of stupidity given how NATURALLY it occurs in NATURE. Why don't more people talk about this revolutionary consensus algorithm? Steemit Post: https://steemit.com/blockchain/@cryptovestor/proof-of-stupidity-or-revolutionary-consensus-algorithm ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 60893 Crypto Investor
Meet Spoofy... on GDAX!
 
03:20
Spoofy, a name termed by Bitfinexed on Medium (https://hackernoon.com/meet-spoofy-how-a-single-entity-dominates-the-price-of-bitcoin-39c711d28eb4), is someone who places in orders they don't intend to fill in order to send signals to market. I have been spotting activity similar to that on GDAX for Bitcoin, Ethereum, and Litecoin over the past few days more than usual, but have not been able to capture it on camera. This time I was able to. There is another way you can interpret this from what I said in the video. He could have also been attempting to send signals of huge volume to upside (especially given price action at this time), meaning his genuine sell order had higher probability of filling. Or it could have been an attempt to get rid of a huge sell wall if it isn't his sell order. This may be more likely to be true given the fact that the market was in an uptrend so artificial volume would encourage investors to put in more bids. All of this is market manipulation though, even if the direction is up for discussion. Also I want to be clear that I do not feel Spoofy is one entity nor a concerted effort, but rather it is market manipulation by numerous participants. They don't always work together, but I am certain they are aware of one another. If you want to support me and my content, consider following me on these other platforms: Twitter: https://twitter.com/Truth_Investor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 8926 Crypto Investor
When You Should Dollar Cost Average into Bitcoin
 
11:04
Dollar Cost Averaging into Bitcoin / Altcoins has been a common piece of advice in the comment sections. Today we'll talk about whether or not you should dollar cost average into Bitcoin, how it is different from stocks, and why I don't employ it all the time. For those of you unfamilar, dollar cost averaging is where you take a sum of money (let's say $10,000) and instead of investing it all in Bitcoin today (also known as "lump sum investing"), you split it out over a certain time frame. In this video, the example I use is 10 weeks. Therefore, you put in $1,000 at the exact same time every week no matter what Bitcoin's price is. This smooths out volatility. More importantly, it will force you to a set of rules and reduce your emotional response to price action in Bitcoin. If you lump sum invest and Bitcoin suddenly goes down, it is a painful spot to be in. However, it is worth noting lump sum investing is generally better for bull markets. Setting specific buy levels (rather than times to buy) is better for those who have higher conviction about the markets and are aware of the consequences of their decisions. That's what I do on this channel for the most part. However, when you are uncertain, dollar cost averaging is an excellent strategy and I have employed it myself just recently with altcoins prior to the Bitcoin 2X cancellation. In addition, if you feel FOMO or the effects of FUD, dollar cost averaging will be a better strategy for you. Feel free to let me know your thoughts! ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 29008 Crypto Investor
How Bitcoin Futures Will Affect Price
 
15:55
Bitcoin futures launch tomorrow (Dec. 10) on CBOE and on December 18th for CME Group. Many people speculate that the cause for Bitcoin's run-up recently is over anticipation for these Bitcoin futures. In this video, I discuss the potential impact of futures on Bitcoin's price. First and foremost, I suspect liquidity will be lower than expected. The target group for Bitcoin futures are institutional investors and wealthy individuals, both of which tend to be more cautious. Given the warnings from FIA, Interactive Brokers and many others, these larger investors will likely be more reserved until the first expiration occurs and they have some experience watching the volatility in the futures themselves. I did a brief explanation of cash-settled futures in the video, but I'd recommend you seek other sources to flesh out your understanding further. For example, I accidentally implied that the initial margin & mark-to-market process is done based off the spot price rather than the settlement price. The explanation I gave in the video is good enough for laymen, but if you want to trade these, then you'll want to do some serious reading. I might do a video showing how to actually trade them in the future and get more technical. The initial margin requirements are already high for Bitcoin and might increase depending on volatility. Certain brokers are already implementing higher than required initial margin requirements and are forbidding their clients from going short. Maintenance margin requirements will likely be in flux as well. Price limits might be tested more frequently than anticipated, leading to a choppy futures market which then screws with the underlying spot market. All of this is to say that many investors will wait before pumping significant amounts of capital into this nascent asset class. Given this, I suspect this might be a "sell-the-news" type event and we might experience a correction following the CME Group futures launching if there are difficulties associated with their clearing. Note that CME Group has much higher contract volume than CBOE, so the CBOE futures launch will likely be more useful as an indicator of what to expect when CME launches. I also forgot to note in the video that CME Group contracts are for 5 Bitcoin, which may have confused some of you when I said the initial margin requirements would be exceptionally high for CME Group options despite the fact they are going with lower initial margin requirements (35% vs. 44%) as a percentage of the contract value. In the long-term, futures are excellent news for Bitcoin. They increase liquidity in a somewhat illiquid market, will decrease pricing inconsistencies (arbitrage), improve price discovery, and reduce volatility. The short-term will see volatility rise (likely) due to leverage, but this effect should reduce over the following months. Ideally, this opens the door for a Bitcoin ETF down the road as well. Eventually, more institutional investors will jump in as risk declines - but this will be a delayed effect (in my opinion) rather than an immediate one. I would love to hear your thoughts. Let me know in the comments below and thank you for watching! ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: Ledger Nano S (Preferred): http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF Comprehensive book for both beginners and experts for investing into Bitcoin & cryptocurrencies, filled with historical information and forward-looking analysis. More investing-oriented than tech. ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 147872 Crypto Investor
"Blockchain Good, Bitcoin Bad" Triggers Me
 
07:07
Blockchain is good, Bitcoin is bad. How many times have you heard this echo chamber? It genuinely tilts me, so thought I'd make a video on it. In general, many of the people who tout this are talking about private blockchains, not public. Private blockchains are essentially upgraded distributed databases, and even then there are tradeoffs. While it may increase efficiencies overall, the opportunity is nowhere near as large or revolutionary as public blockchain is. Bitcoin is the best implementation of such technology due to the size of its network. While mining pools are causes for concern (I'm looking at you Bitmain), Bitcoin has proven to be fairly resilient to central control. It is censorship resistant. It is not 100% immutable in the sense that one could create a longer chain that replaces another, but other than this fringe scenario, the erasure or reversal of transactions is not possible. As such, it is truly trustless. Private blockchains cannot achieve this. While they will provide value to the world, it won't be nearly as much value that public blockchains do in my opinion. Let me know yours. Steemit Post for this video: https://steemit.com/blockchain/@cryptovestor/blockchain-is-good-bitcoin-is-bad-mentality-triggers-me If you want to support me and my content, consider following me on these other platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 8907 Crypto Investor
If Bitcoin is a Bubble, So Is Everything Else!
 
21:27
Bitcoin: Is it a bubble or is it not the bubble? Perhaps this is NOT the question we should be asking. Instead, maybe we should be looking at other asset classes and seeing how all of them seem overvalued relative to their history. Loose monetary policy and easy credit has led to some odd market behaviors in the past few years and has led to investors chasing both yields and returns. As a result, many investors are adding alternative, nontraditional assets to their portfolios, including Bitcoin. Many people cite the dot-com bubble as evidence that Bitcoin is a bubble, but there are many differences. The largest among them is the size differential between the size of crypto and the tech market back in 2000. This is the result of traditional investors having nearly zero idea how to gain exposure to Bitcoin. The premium for the Bitcoin Investment Trust is evidence that these investors want in, but don't any real avenues to do so and hence the approval of an ETF should lead to a huge increase in capital inflows. In addition, financial advisors are beginning to look at the place of Bitcoin in the modern portfolio due to its low correlations with other asset classes. Yet, it still behaves similarly to gold in short-term volatility spikes during times of geopolitical instability, suggesting it has some hedging qualities. It also provides a safe haven for countries with no real alternative such as Venezuela. The point is, there are tons of demand sources for Bitcoin. Meanwhile, equity valuations continue to extend, bond prices are still bubbly, and real estate is back to where it was in 2008 and securing mortgages is becoming easier again. Forget the mention of student loan debt. If you come from traditional finance, give it a second thought as to whether or not Bitcoin is a bubble. While there is much "irrational exuberance," there are many merits to the technology and value in the service it provides. For those of you coming from crypto, I hope you can also open your eyes to the possibility that Bitcoin can become overvalued too as the result of speculative behavior, rather than saying Bitcoin is going to $1,000,000 despite the disconnect between the increased market cap and number of daily transactions. As usual, I hope you all enjoy the video. I'd love to hear your thoughts in the comments. I have posted the article for this video in 3 places. Pick your poison! Medium: https://medium.com/@Truth_Investor/if-bitcoin-is-a-bubble-so-is-everything-else-34481be46349 Steemit: https://steemit.com/bitcoin/@cryptovestor/if-bitcoin-is-a-bubble-so-is-everything-else Seeking Alpha: https://seekingalpha.com/article/4114643-bitcoin-stocks-bonds-houses-happy-bubble If you want to support me and my content, consider following me on these other platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 75616 Crypto Investor
Scaling Back Slightly in Bitcoin and Ethereum
 
16:37
Bitcoin is consolidating and Ethereum is mooning. I have decided to scale back my position size in both Bitcoin & Ethereum, although the reasoning isn't bearish. For Bitcoin, I have chosen to scale back slightly (as in, still have majority of my position) due to increase of systemic risk due to headlines associated with Bitfinex particularly, although there are other risks as well that I've discussed previously. I still have the majority of my position, but have simply chosen to take some profits to reduce my breakeven point below my previous average buy price ($6057). As always, position sizes should always reflect your confidence in the markets. Ethereum is doing exceptionally well. I have pointed out in prior videos that I like Ethereum at any level below $300 and wouldn't sell until at least $400. I have chosen to take a small bit of profit now that Ethereum is all the way up above $450, but I sold even less (on a percentage basis) than I did with Bitcoin. I will scale out slightly more if it breaks above $500, but will hold most of position in event that we see huge breakout to upside. I have absolutely no bearish thoughts on Ethereum, but find that taking profits to keep a level head is generally best when it comes to trading. As for where the money is going, right now it is sitting in USD. I will be considering where to deploy this capital, if at all, over the coming days. Meanwhile, I continue to write and work on article / video combinations. I appreciate your patience. I also briefly discuss Litecoin - I am becoming more bullish as it lags behind both Bitcoin & Ethereum. Additionally, I wanted to provide some clarity with my position on Dash given the criticisms I received the last time I spoke about it. Just because I like Monero has nothing to do with my hesitancy for investing in Dash. I hesitate for two major reasons: 1) DAO organizational architecture is inefficient and a long way from working as well as a centralized organization 2) Far fewer transactions than Litecoin More details are in the video itself. As always, I am happy to hear your thoughts. Thank you for watching. ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 36440 Crypto Investor
Is Tether Committing Fraud?
 
12:02
This week there has been a lot more discussion in regards to whether or not Tether is a fraud. In this video, I discuss the reasoning behind these claims and why I don't view Tether as safe even if it is legitimate. In summary, the two major risks to using Tether are: 1) Regulatory Risk 2) Fraud Naturally the second one is most one discussed most frequently lately. However, I view Tether as risky even if it is legitimate as the government could easily view their activity as illegal (issuing cryptocurrencies backed by fiat currencies). Then there is the suspicious activity related to little communication regarding audits until the last week, of which the latest was dated for March 31st. This is conveniently right before the supply of Tether started to skyrocket. All in all, the activity we've been seeing related to Tether is worrisome and should lead any investor to be cautious. If this turns out to be a scam, we could see a major domino effect where cryptocurrencies as a whole crash. In addition, it will cast doubt on one of the largest exchanges by volume, Bitfinex, which will further complicate the situation. All in all, this might be the next ticking time bomb within cryptocurrencies and I would encourage everyone to watch these events closely. As always, be wise and be cautious. Seeking Alpha (All Articles): https://seekingalpha.com/author/truth-investor/articles
Views: 24641 Crypto Investor
Can You Trust Coinbase & GDAX? An Honest Review
 
11:05
Coinbase / GDAX launched support for Bitcoin Cash out of the blue yesterday and caused a flash crash in Bitcoin and a massive rally in Bitcoin Cash. Is Coinbase / GDAX stupid, or is there a more malicious intent? There are some rumors going around that there was insider trading and intentional manipulation of the market. The evidence supporting this is from the multiple coincidences surrounding the launch such as: 1) Recent Bitcoin Difficulty Adjustment 2) Bitcoin Cash Price Spiking Prior to Announcement 3) Roger Ver on CNBC's Fast Money Next Day These factors all point to insider trading and a coordinated attack on Bitcoin. However, I still suspect this was more negligence than anything else. While individual employees and contractors at Coinbase likely engaged in insider trading (given it is very difficult to prove given the relative anonymity of cryptocurrencies), I doubt Coinbase as a whole engaged in this activity. My reasoning is based on the same principles that Bitcoin's security is based on: Game theory. If you're one of the largest exchanges with a brand built on trustworthiness, would you really risk all of that for a short-term gain? Note that only 3k Bitcoin Cash changed hands on GDAX, which isn't the type of reward I'd look for if I was going to throw away a $1B+ business. While many more pumped on Bittrex (which would have led to handsome profits for any insider traders), it still isn't worth throwing away an entire business for such a gain. Instead, I find it far more likely that some idiot(s) thought it'd increase Coinbase's brand reputation by surprising everyone with an earlier than expected release of support for Bitcoin Cash - Basically a nice little holiday gift. It then horribly backfired instantly and they immediately began damage control (which they are doing better than most companies given how awful this was). I'm not saying it is 100% negligence; I wouldn't be surprised to learn of some insider trading. However, I think the bulk of this was pure stupidity. So my overall conclusion? I still trust them, just with less faith in their overall competency. I might move a larger amount of capital to Gemini despite their fees. What are your thoughts? ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 81949 Crypto Investor
The #1 Mistake Beginners Make Investing in Crypto
 
13:38
Bitcoin and altcoin investors tend to measure their cryptocurrency gains in US dollar terms. While this is fine to do with Bitcoin, your altcoin investments should always be measured against Bitcoin to determine whether or not you generated value for yourself. If you aren't keeping track of how your performance would have been had you just bought Bitcoin rather than your current investments, you are measuring your performance incorrectly and may be destroying more value than you know despite the fact your portfolio has doubled in US dollar terms! In any other asset class out there, investors compare their returns against a relevant benchmark. Whether it's the S&P 500 or the Barclays aggregate, there is always a way to measure whether or not you're under or overperforming. With cryptocurrencies, the benchmark is Bitcoin. But you shouldn't just think of your profits in terms of Bitcoin: You should also think of basic TA in Bitcoin levels too. The reason for this is because all other cryptocurrencies see substantial amounts of volume from their Bitcoin cross-currency pair. That means support and resistance lines, channels, moving averages, RSI and many other indicators are all measured in Satoshi levels rather than USD. The USD value you see on Coinmarketcap is just for convenience rather than utility. I cannot give you the equivalent USD level, as some requested in my last video, as any given Satohsi level for a cryptocurrency will vary widely depending on price of Bitcoin. I provide more specific examples in the video, including a failed trade of mine that (to this point) has destroyed over 50% of value! I hope you enjoy and as usual, I look forward to your thoughts in the comments. ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 272396 Crypto Investor
How the Bitcoin Bubble Will Pop
 
16:55
Article: https://medium.com/@Truth_Investor/bitcoin-three-ways-the-bubble-will-pop-40678ce11698 I know many will dislike the video just for the title alone, but I hope you stick around as the analysis took me a while to put together. Those of you who watch this channel know that I am a Bitcoin enthusiast and love analyzing it as an investment. Today we're going to visit the other side. In this video, we don't laugh when people call Bitcoin a bubble, a fraud, a tulip, a magic bean cult. We attempt to find the largest risks to Bitcoin and cryptocurrencies in the long-term. I posit that these three catalysts are the three biggest threats 1) The possibility of Bitfinex and Tether being a fraud. I've discussed this some in a previous video, but am going into more detail on Bitfinex here. 2) A crackdown on ICOs that leads to a slowdown in funding, leading to Ethereum and other ICO-centric platforms going for a dive and taking the other cryptocurrencies with them. We look at the stances of governments on ICOs worldwide and attempt to find the direction we are headed in. 3) The shutdown of fiat gateways, locking crypto off from the real world on an international basis. While there is obvious fear related to this right now due to China, I discuss why perhaps this is not as likely as bears think. Still, we discuss how you can keep up with this and what's important. ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 1472693 Crypto Investor
Why Bitcoin is Perfect for Most First-Time Investors
 
18:59
Bitcoin often attracts many first-time investors, both of a younger generation such as millennials and even older individuals who haven't participated in the activity before. Many financial 'experts' feel that, because Bitcoin is a bubble, this will ultimately lead to these individuals having a poor first investing experience and being turned off to it as a whole later on. However, I take a different approach. Interested in reading the article related with this video? You can read here: Steemit: www.steemit.com/bitcoin/@cryptovestor/why-bitcoin-is-perfect-for-most-first-time-investors Medium: www.medium.com/@Truth_Investor/why-bitcoin-is-perfect-for-most-first-time-investors-fec846383634 Seeking Alpha: www.seekingalpha.com/article/4138662-bitcoin-perfect-first-time-investors ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 49850 Crypto Investor
Why Bitcoin's Price Continues to Fall
 
18:17
Bitcoin has had a rough past couple of months and we've come full cycle now - Last November I made a video around $6k where Bitcoin wouldn't stop rising and now here we are in June with Bitcoin near $6k and it won't stop falling. Why does this happen? In short, the snowball effect or momentum. One lesson passed onto me was that while technology always evolved, human nature does not. When we look at the price of Bitcoin (or any other cryptocurrency), we are peering into the general perception of Bitcoin. We are not looking at a graph based on fundamentals or how the technology has improved (e.g: Bitcoin reached its peak in December / January, when transaction fees averaged $40). With that in mind, what has changed? Well for one, the catalysts that drove Bitcoin to $20k (e.g: hard fork excitement, futures, Wall Street adoption) have become "old" or nonexistent. When some hedge fund manager says he's bullish on Bitcoin, it's no longer the type of event that gets everyone riled up. When a smaller hard fork occurs, no one cares anymore. And the millionth time that the SEC suggests they don't want to regulate Bitcoin as a security, it probably won't spark as much interest either. As price has headed down, people start to think more and more that Bitcoin was a fad. Keep in mind that many people only invested because they saw how many people saw Bitcoin as the "next big thing" or the "biggest innovation since the internet." But now all of a sudden, criticisms from big names like Warren Buffett start to feel like they are a lot more true. Even my YouTube channel has called Bitcoin a bubble since close to inception and now that claim seems "scarier" because price action has validated the idea more. But doubt is not only coming from within the cryptocurrency industry. Stocks have had a difficult time gaining traction in 2018 since the top on January 26th and since then, we've seen sideways trading action. The past week has been difficult due to trade tensions with the EU due to Trump's isolationalist economic policies. Investors are starting to go more risk-off which has sent bond yields downward as investors flock to safe havens DESPITE the fact that central banks are trying to move away from low interest rates. This risk-off environment naturally goes against one of the riskiest asset classes out there, cryptocurrencies. If you look at the viewership of websites dedicated to cryptocurrencies (which you can see on Similarweb.com), you'll find that most websites are only at a fraction of where they were before (Coindesk is estimated to be getting 25% of its peak monthly visitors). The same is true of all other types of media - Back at the peak, it was a "requirement" to report on Bitcoin daily. Now it's reported on far less frequently as the interest is no longer there. For people looking from the outside, Bitcoin really does seem like it was nothing but a fad. And now that there is less bandwagoning, people are more open to saying that perhaps Bitcoin isn't as useful as cryptocurrency enthusiasts made it seem back in the months leading up to December. That makes attracting new money difficult now that Bitcoin has burned many people and the "word of mouth" isn't as kind as it used to be. Will Bitcoin make a comeback? Well at the very least, it will almost certainly have a period of astronomical growth again - Cycles like this are common in markets governed by perception. It's impossible to say if it'll go back to $20k or when the cycle shift will be, which is part of why I've shifted to a buy & hold strategy as opposed to trading like I was back in November and December. And yes, I still think Bitcoin is a bubble. A quick update on where I've been: No where special - Just tired of the cryptocurrency news cycle. I have never absorbed as much content on a daily basis as I did for cryptocurrencies and I only did it for the YouTube channel - it served almost no benefit to my investing (and one could argue it was detrimental as sometimes you get distracted by day to day stuff and miss the big picture). Eventually you get tired of hearing the SEC say the same thing about Bitcoin for the millionth time and everyone getting excited, or hearing what so & so said about Bitcoin or seeing people defend it / attack it blindly. Anyway, I doubt I'll go back to the multiple videos a week, but I am thinking about at least uploading once a week on Fridays perhaps. Hope you've all been well while I've been absent! Also check out my Twitter if you really want to stay up to date with me: www.twitter.com/Truth_Investor.
Views: 30162 Crypto Investor
Why I Just Bought a Ton of Salt
 
11:17
Salt is a lending platform & cryptocurrency token designed to connect borrowers and lenders for collateral-backed (Bitcoin) loans. The collateral is cryptocurrencies such as Bitcoin. Right now, there is no platform and hence there is zero use case for the Salt tokens. However, Salt is intending on launching their platform this month and if it is successful, I anticipate Salt tokens will appreciate in value hence I am taking a chance. The risk is very high - we don't know for certain that they have the lending network required to make this work or that they actually have a platform to connect these lenders with borrowers. In addition, regulatory risks are much higher as lending has some of the tightest regulations of any industry. However, I find the team to be professional and view it as a real practical use-case that will be used immediately IF the platform is operational. The Salt tokens essentially act as membership on the website and allow one to take out these collateral-backed loans. They can also be used to reduce the interest rate of the loan or to integrate API in event that an exchange wants to introduce leverage onto its platform without having users interface with Salt. The team holds a substantial amount of Salt, which is a fair criticism, although it appears the funds are being put to good use. If the project is legitimate, I suspect this will lead to a huge influx of capital into cryptocurrencies as people leverage their existing Bitcoin positions to purchase more Bitcoin (which I DON'T recommend doing, but suspect many will anyway). If this is the case, it will inflate the bubble much faster than before and it will be an interesting development to watch through December. If it isn't legitimate, then I'm willing to lose my entire stake. There are also circumstances where it is legitimate, but the lending terms are not attractive so the platform never takes off. I'm interested in your opinion as always. Make sure you read the disclaimer lower in this description. Thank you for watching. ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 155261 Crypto Investor
How Revain is Changing the World
 
07:59
Revain is changing the world as we see it by revolutionizing the online review industry. In this episode of "Proof of Stupidity," we explore how Revain solves all the issues facing the online review industry using a revolutionary new technology. Steemit Post: https://steemit.com/cryptocurrency/@cryptovestor/how-revain-is-changing-the-world ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 26271 Crypto Investor
Bitcoin Spikes: Can Anybody Explain Them?
 
12:29
Bitcoin had yet another one of those moments this week where it spiked 10% in 30 minutes. Why? It could be ... Maybe because ... Possibly ... That's how most explanations start. And while this is a natural start to any explanation for why any market moves, in the case of Bitcoin it's often because there's no "obvious" explanation for anyone to latch onto. At least in the stock market we can blame tariffs for everything! Steemit: https://steemit.com/bitcoin/@cryptovestor/bitcoin-spikes-can-anybody-explain-them Okay so perhaps it might be because of excitement over the Bitcoin ETF decision next month (regardless of how likely it is). Perhaps it was over the Congressional hearing that started on July 18th. Perhaps it's because short sellers got squeezed and buy stops got hit by the dozens. My own theory is that it's because a few significant buyers jumped in and trading bots jumped on board after seeing volume rise and seeing Bitcoin break resistance at its 50 day moving average, causing more money to flood in and perhaps a few buy stops got hit along the way. But nothing is certain. What are your theories? Another interesting element to all of this is that usually when the crypto market rises, money flows to altcoins as investors become more risk on. But in this instance, Bitcoin dominance has been rising at an accelerating pace. I have said before that I suspect there will be a "second wave" where money flows to crypto again and in that instance, I suspect altcoins will fare well. Is this the start to that wave? As of right now, I don't think so. There needs to be a more fundamental reason (e.g: Bitcoin ETF approval, although that still seems unlikely in short-term) for people to pinpoint why they should flood more money into this market. For now, I believe this spike was just Bitcoin being Bitcoin. I'd love to hear your thoughts. Coinbase announced they are exploring adding 5 cryptocurrencies (Cardano, BAT, Stellar, Zcash and 0x) to their exchanges if possible. This caused a boon in these cryptocurrencies, but it is worth noting that this boon was far smaller than the boost XRP saw back at the height of bubble due to speculation of being added to Coinbase. This illustrates exuberance in the market has decreased substantially, even if it is still a risky market overall. What are your thoughts on the current crypto market? I am still simply holding with no trades, but I know a few of you are still likely actively playing around so feel free to share what you're up to in the comments below. Thanks for watching / reading! ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 16544 Crypto Investor
Bitcoin $5,000! Why Altcoins Remain Strongest Play
 
06:01
Bitcoin spiked / boomed above $5000 last night, moving all the way up to $5,200. Since Bitcoin has been appreciating against altcoins, it might seem odd I recommend investing in them over Bitcoin. It all comes down to the market's perception of Bitcoin Gold as "free money." The more people who view Bitcoin Gold this way, the more likely it won't behave that way. It's just how markets work. Bitcoin will likely appreciate over the next week and half, although I will still stick with altcoins on basis that each day is too risky for the potential reward. Could see Bitcoin approaching $6000, but even if it does, at some point the correlations between Bitcoin and altcoins should revert to their mean which will result in altcoins catching up. In the event of a market slowdown as a result of a correction in Bitcoin, most participants in the market right now are aware that Bitcoin has accelerated much faster than other cryptocurrencies and hence I wouldn't be surprised if altcoins do well here as they can appreciate against Bitcoin like they did in the September crash. Hope you all enjoyed the video. As usual, leave any comments and I'll be happy to engage. Thank you. If you want to support me and my content, consider following me on these other platforms: Twitter: https://twitter.com/Truth_Investor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 14884 Crypto Investor
What Cryptocurrencies To Watch Moving Into Bull Market
 
12:08
1:53 to skip the YouTube Information - sorry that took so long! Bitcoin, Ethereum, Litecoin, and other major cryptocurrencies are moving into bull territory. Hard forks such as Bitcoin Gold and Bitcoin 2X (SegWit2X) are causing spark in community and investors want in for the "free money." We are starting to see more positive headlines around the world. Price action is moving upward, suggesting we are moving back into a bull market. We are missing one part: Volume. I didn't emphasize this enough in the video - BE CAREFUL. Volume is very low right now, which can yield some odd price action. However, if this is the start of the next bull run for Bitcoin, I wanted to discuss some of the cryptocurrencies I'm watching right now. Ethereum has the first portion of Metropolis update coming up. Litecoin is still undervalued relative to other majors. Monero continues to lag despite tons of bullish sentiment. Zcash tested highs of $400, but has since retraced. Ark has seem some price manipulation according to Reddit (although I suspect some of it is a healthy correction given how sharply Ark moved up). It continues to seem like one of the better buys in the market right now. Let me know your thoughts on whether or not we really are in a bull market and if what to buy if so. If you want to support me and my content, consider following me on these other platforms: Twitter: https://twitter.com/Truth_Investor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 15105 Crypto Investor
When to Buy Bitcoin Now Post-Crash and Why
 
13:52
This morning, Bitcoin crashed violently yet again after a horrible day yesterday, reaching as low as $9k at the time of recording this and currently hovering around $10k. Looks like we have some heavy support at over 9k memes. In all seriousness, I bought some Bitcoin at $9.8k (which was rough because previously Bitcoin dipped to $9.9k then went back up to $12k in a few hours) and am ready to buy a lot more at $8.3k. Steemit Post: https://steemit.com/bitcoin/@cryptovestor/when-to-buy-bitcoin-now-post-crash-and-why $8,000 seems to be a level that many technical analyst agree on, regardless of metric. Whether it's basic support and resistance, channel support and resistance, simple moving averages, Fibonacci retracements or Elliot wave analysis, everyone seems to hone in on this one level. Furthermore, media outlets are beginning to mention this level to so it has become somewhat of a "Trinity" level. Given the fact that so many charts line up to this level, plus it's a nice psychological level, I suspect we'll find substantial support here and potentially a bounce. As a result, I will be investing heavily at this level if we reach it. As always, it is possible that Bitcoin declines even further past this level. However, I have more confidence here than anywhere else so I see it as a healthy "probability" bet. If you're not calm right now, then it likely means you didn't scale your position in Bitcoin correctly - You have too much. Most newer investors have limited experience with understanding their own risk profiles, so this might be a good learning experience and I encourage you to take note so you can sleep better in the future. Lastly, you know the drill already but... I prefer Bitcoin over altcoins and still suspect dominance to rise to 45 - 50%. Something I forgot to mention in the video is I am watching a few altcoins closely and am prepared to buy if they crash down to certain levels relative to Bitcoin. What are your thoughts on this volatile market? For once we consolidated and broke out to the downside - been a while since we've seen that. Hope you're all having as much fun as I am! ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 76114 Crypto Investor
Why Bitcoin's Price Continues To Rise
 
17:47
Bitcoin continues to rise in the face of all challenges: Contentious hard forks, government intervention, mindless attacks... and stagnant transaction volume. I don't hear many people talk about this - the fact that the rolling daily transaction volume for Bitcoin hasn't done diddly squat over the past year, yet price has gone up 900%. If there is ONE fundamental metric we can all agree upon for Bitcoin, it is the number of transactions completed using the cryptocurrency. Yet we remain at approximately 250 - 350k transactions a day, while Paypal averaged approximately 21 million transactions a day in Q3'17. It's even worse when you consider the fact that transactions between exchanges (not inside) are included, which I don't really consider "adoption." Yet despite this, Bitcoin continues to skyrocket. The best argument out there is that Bitcoin is stealing part of gold's market share as a store of value, and given that gold is over a $7T market, Bitcoin is still peanuts compared to the size it could grow to. However, when I hear most people talk about Bitcoin, they talk about how it will replace governments, take over banks and revolution P2P transactions - all of which require a SUBSTANTIAL increase in transaction volume. I argue Bitcoin continues to rise for these reasons: 1) FOMO Investing 2) Incremental Value created by news event due to inability or lack of skill for finding a fair value for Bitcoin to converge to by most market participants 3) Price Memory 4) Increased market share for "store of value" What are your thoughts? I'd love to hear them in the comments. ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 420757 Crypto Investor
Is the Bitcoin and Stock Market Crash Related?
 
20:16
Bitcoin, the S&P 500 (stocks), treasuries (bonds), and gold all have had a bad week. Is it all related? Is it positive or negative for cryptocurrencies? In this video we recap the recent events in these different markets as well my thoughts on those events. Personally, I don't view the downtrend in other asset classes as a positive as it leads to there being competition on "where" to buy the dip: Bitcoin, stocks, bonds or the mini-dip in gold? For the rest of the details in this video, of which there are plenty, please check out Steemit where I have room to paste the entire script for the video so you can read instead if you prefer. Thanks for watching / reading! Steemit: https://steemit.com/bitcoin/@cryptovestor/is-the-bitcoin-and-stock-market-crash-related ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 56174 Crypto Investor
Why Bitcoin is Different & Cartel Manipulation Discussion
 
21:05
This is a new series which is super informal - don't have high expectations for this and simply skip over it if you prefer my more focused videos. In this episode, we briefly discuss the market and then go into a few articles. Steemit Post: https://steemit.com/cryptocurrency/@cryptovestor/why-bitcoin-is-different-and-cartel-manipulation-discussion Time-stamps for easier viewing: 0:00 - Introduction to Series 2:28 - Brief Market Update 3:32 - Why Bitcoin is Different by Jimmy Song Discussion (https://medium.com/@jimmysong/why-bitcoin-is-different-e17b813fd947) 10:13 - 4th Dimension: Bitcoin Manipulation Cartel by Super Crypto Discussion (https://steemit.com/bitcoin/@supercrypto1/4th-dimension-bitcoin-manipulation-cartel-price-suppression-is-the-goal) 16:45 - Blockchain with Digital Collectibles for Gaming Discussion (https://hackernoon.com/the-blockchain-gaming-revolution-why-ethereum-will-revolutionise-a-100-billion-dollar-market-148badaecb2a?1ae%40) 20:23 - Conclusion As always, feel free to leave your thoughts in the comment section below. ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 23289 Crypto Investor
Ethereum: Strong Buy During Bitcoin "Wars"
 
04:26
Ethereum is a strong alternative to Bitcoin during times of instability surrounding the hard forks we'll be seeing in next month. Even if those hard forks go smoother than planned, Ethereum has not been at such levels relative to Bitcoin since April / May (when cryptocurrencies began their run-up in the first place). Since it is a "blue chip" cryptocurrency, it is relatively protected on downside (note all cryptocurrencies are risky assets and hence downside risk is always more substantial than it is for other asset classes). I personally like it at any level below $300, but you should pick a level you're comfortable with and set a limit order there. As always, if you aren't comfortable, then you shouldn't invest. Disclaimer: This is not investment advice. This is strictly my own opinion and you should always do your own due diligence and use your own judgment for investments you make. If you want to support me and my content, consider following me on these other platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 19068 Crypto Investor
Top 5 Hyped Altcoins That Could Explode... Or Implode
 
10:11
Ark, TenX, Vertcoin, Waves, and Monero are my picks for top 5 most hyped altcoins / cryptocurrencies. I chose these altcoins mainly because I see them marketed (pumped or shilled to some people) everywhere you go, whether it be YouTube, Twitter, Facebook, Reddit, BitcoinTalk & so on, so forth. Since these altcoins already have a ton of support from their respective communities, they all have the potential to takeoff. Or they could end up being total duds ... Do you agree? What are your top five picks? Ark has, at least in my opinion, extended a bit beyond where I'm willing to invest. Unfortunately, I was skeptical too early with Ark and missed out on an excellent investment. While I think the idea of SmartBridges is brilliant, I see the team possibly stretching themselves too thin. Given the recent surge in popularity, I imagine funding will become much less of an issue. TenX is the prepaid debit card of choice for cryptocurrencies. It acts as the bridge while we are in the transition period as more and more vendors accept Bitcoin. I see tons of discussion about this, especially vs. Monaco, where most people seem to agree TenX is the market leader (and their market cap shows this too). Another one to keep an eye on, especially given the price action has done nothing but go down. Vertcoin is Bitcoin's bronze, advertised as having all the features of Litecoin & more by being the first to introduce stealth addresses and more importantly, focusing on having an ASIC resistant mining process. Most important element about Vertcoin is that it will be compatible with Litecoin & Bitcoin for atomic swaps on Lightning Network once it is fully implemented, which is considered the main catalysts. For such a small coin, it is advertised everywhere - I can't stop seeing people talk about it. Waves is a decentralized exchange and token launching platform that seems to have a lot of bulls behind it. The catch? It has done diddly squat the last few months. Still, it is the one cryptocurrency I see toted over and over as being the "crypto for the long-term." There definitely is community support here. Monero is considered the "one and only" anonymous coin by many, and as such is considered to remain true to part of the original philosophy behind cryptocurrencies. While it is a large cap and we can expect a certain amount of publicity, I'm consistently blown away by how often it is discussed and praised relative to the other top ten coins. If you want to support me and my content, consider following me on these other platforms: Twitter: https://twitter.com/Truth_Investor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 20384 Crypto Investor
This HAS to be a Joke (Verge, P3D, Tron)
 
15:32
Verge has been stealing all the headlines recently (since the market has been pretty dull) as the network is being attacked and the developer continues to struggle with the problems the cryptocurrency faces. Meanwhile, a group of scams based on "Proof of Weak Hands" aren't considered scams because they admit they're scams / a joke? Brilliant! Lastly, we discuss the whole deal with Tron being better than Ethereum according to Justin Sun (the CEO of Tron). Time-Stamps for Easier Viewing: 0:00 - Introduction 0:34 - Verge Rant 5:46 - Proof of Weak Hands Rant 9:10 - Tron Rant 14:53 - Conclusion Steemit Post: https://steemit.com/cryptocurrency/@cryptovestor/this-has-to-be-a-joke-verge-p3d-tron ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 22537 Crypto Investor
Polymath is a Complete JOKE ... But a Strong BUY
 
23:33
Polymath is a protocol built on Ethereum which aims to ease the security token creation process. Security tokens are just as they sound: They are tokens which are also securities. Polymath aims to do for security tokens what Ethereum did for utility tokens, or ICOs. In this video, we discuss why I suspect this project is questionable at best and why I am invested in it despite my thoughts on it. For a full script, check out the post on Steemit (YouTube descriptions are limited on characters): https://steemit.com/cryptocurrency/@cryptovestor/polymath-or-a-complete-joke-but-a-strong-buy ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 38745 Crypto Investor
Bitcoin Dives! The Issues of a Low Liquidity Market
 
10:40
Bitcoin has fallen quite substantially in the past 48 hours from $11,600 to roughly $9,750 at the time of writing this. It appears this has a lot to do with hitting resistance at roughly the $11,500 level, a level that Bitcoin has tested multiple times in January, February and now March as well. Now that we've bounced off this resistance yet again, it might be a tempting area to take profit in the future until we break out above 100-day moving average. Steemit Post: https://steemit.com/bitcoin/@cryptovestor/bitcoin-dives-the-issues-of-a-low-liquidity-market There was some news related to some significant sales from the Mt. Gox bankruptcy trustee that could have helped facilitate the market crash back in January and beginning of February. I don't think this is an outrageous claim: Liquidity has been a common criticism of the cryptocurrency space as the amount of cryptocurrencies actually available for trade can be quite different from the supply, and often the available trading supply is fragmented across many exchanges, spreading out the liquidity. This is a commonly cited argument for why Bitcoin and other cryptocurrencies are manipulated on exchanges - not only are regulations and enforcement loose, but it also requires a relatively smaller pile of money to substantially change the market price of many cryptoassets. There are a few other news items I bring up in the video related to the Coinbase Index fund which I don't recommend (2% annual fee and it forces you to hold Bitcoin Cash) along with the SEC statements relating to online trading platforms. They're sticking with their prior statements that these "exchanges" aren't really regulated as exchanges and hence investors should be cautious. The major concern is that massive exchanges with many cryptoassets like Bittrex likely have some securities, although it seems like the SEC is just warning investors right now as opposed to enforcing. What are your thoughts on the market moving forward? Thank you for watching / reading. ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 36569 Crypto Investor
The MASSIVE Tether Ticking Time BOMB
 
14:08
Tether is a cryptocurrency designed to be pegged to the USD in a 1-to-1 ratio. Doubts about whether or not this is true have been floating around for months now, but Tether mostly left the news cycle since the $30m hack back in November. However, it's back in full force now as their relationship with their auditor recently dissolved. Is this the end for Tether? Steemit Post: https://steemit.com/cryptocurrency/@cryptovestor/the-massive-tether-ticking-time-bomb Nobody knows, and the reality is that establishing a time-line of such an event is near impossible. However, what we do know is that Tether has been increasing the rate at which they print money. Most of the crypto community is cautious about it even if they use it, suggestings its public perception isn't the highest. They've have many issues with banking - What do you think the odds are that serious individuals and businesses have increasing demand for Tether which matches the rate at which they are being created? Even if Tether ISN'T a scam though, they have massive regulatory risk. The primary function of Tether is to bypass regulations and capital controls that exchanges face with using the real USD or other fiat currencies. As they grow larger and larger, Tether will paint a bigger and bigger target on their heads and eventually the US government or another government will likely take action against them. However, I still suspect Tether is a scam either way as it looks and behaves like one. When Tether retailiates against the accusations made against them by Bitfinexed, they sound like children rather than professionals (a characteristic I have seen as particularly common in the crypto space). The dissolvement of their relationship with their auditor suggests the auditor found details that Tether wasn't comfortable with revealing. If it looks like a duck, acts like a duck, walks like a duck and quacks like a duck, it's probably a duck. It is highly probable Tether is a scam and if it is well interconnected with Bitfinex as many suspect, then this poses a huge systemic and systematic risk to cryptocurrencies as a whole. Keep a close eye and be cautious. Thanks for watching / reading! ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 130453 Crypto Investor
The Dangers of Being Too Intelligent When Investing
 
13:33
Bitcoin and the cryptocurrency space as a whole has a way of encouraging people to learn more and get involved with the technology. This is excellent, but can also be dangerous when it comes to investing. Usually on this channel we focus on what the plankton are thinking, but for once I thought it'd be worth exploring some of the investing risks associated with "doing your own research," from experiences in my own life as well as observations from working with others. I also provide some updates on the market since I have been absent the past few days. Thank you for your continued patience. Script with Steemit Post: https://steemit.com/investing/@cryptovestor/the-dangers-of-being-too-intelligent-when-investing ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 28973 Crypto Investor
Why I'm Negative on Bitcoin
 
11:56
Bitcoin is a bubble. Bitcoin isn't being adopted quickly enough to match price. Bitcoin is becoming a worse transaction medium. Bitcoin will take a long time to become mass adopted. If you've watched my videos, you probably think I hate Bitcoin! But this couldn't be further from the truth. In this video, I detail the difference between the world of investing and the world of providing solutions and why you should distinguish between the two. For lengthier description, check out the post on Steemit: https://steemit.com/bitcoin/@cryptovestor/why-i-m-negative-on-bitcoin. I couldn't fit it in this description box even if I removed all my promotion stuff below. Andreas YouTube: https://www.youtube.com/user/aantonop Andreas Video I was Talking About: https://www.youtube.com/watch?v=xUNGFZDO8mM ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 92289 Crypto Investor
How to Trade the Bitcoin Cycle for Profit
 
13:52
Bitcoin dominance has finally eclipsed 40%, a milestone it hasn't achieved since the beginning of the year as altcoins had killer returns in December and the very beginning of January. Bitcoin has been testing that 40% level for the past week or so now and finally broke above it and is sitting close to 41% now at the time of writing this. Steemit Post: https://steemit.com/bitcoin/@cryptovestor/how-to-trade-the-bitcoin-cycle-for-profit If you're holding altcoins right now, you've probably been getting hammered still despite the market recovering fairly well from its monsterous drop. If you're in this position, it might be tempting to continue holding your altcoins, but I still suspect that Bitcoin is overall favored to continue rising in relation to altcoins now that we have broken past 40% dominance. If you recall from my video where I discussed why Bitcoin is a superior investment to altcoins, I talked about 3 groups: 1) Group #1 shifts their portfolio in ANTICIPATION for a cycle shift from altcoins to Bitcoin (or vice versa) 2) Group #2 shifts their portfolio AFTER momentum starts moving in favor of a new cycle, or in other words once altcoins start to shift into Bitcoin (or vice versa) 3) Group #3 waits a while, then convinces themselves they're part of Group #2 and jumps on board last - completing the cycle and usually end up being the bag holders. Sometimes Group #1 profits more (depends on how early they were - too early can dampen profits), sometimes Group #2 profits more - but either way, usually Group #3 comes in dead last. Don't be part of Group #3. We are starting to see the beginnings of Group #2 - the boat has sailed on being part of Group #1. However, despite believing Bitcoin to be superior, we are seeing some interesting price levels in certain altcoins on the market. For instance, Cardano - which admittedly has limited trading history - is trading close to previous support and might be a decent pick-up even though I still suspect the cryptoasset is overvalued. For trading DURING the Bitcoin cycle, I am watching very closely certain cryptocurrencies like Monero and Steem which I view as strong holds and would like to acquire more for lower prices (Monero just hasn't been dipping though sadly). The point is that during a Bitcoin cycle, you should start looking at altcoins that start trading near support or around their 100 - 200 day moving averages (and even below them). In other words, buy low. The time to sell (for either BTC or USD) is when the next altcoin cycle begins, similar to how we are looking to trade our BTC for alts as its value increases in proportion to them. What are your thoughts on the market? Do you think we are moving into a Bitcoin cycle? Perhaps you think the volume is too low to say for certain? That's a topic I'll probably discuss in anotehr video here soon - but I'd love to hear your thoughts. Thank you for watching / reading. ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 33382 Crypto Investor
How To Avoid Compounding Trading Mistakes (My Story)
 
14:48
If you saw yesterday's video, you know I set a buy stop for Bitcoin at $11,600. You also know I set a sell stop for Bitcoin at $10,700. If you watched Bitcoin's price today, you know how this story ended - I got whipsawed big time. Ouch. Situations like these are perfect for testing your emotional compatibility with trading and what the best strategy is for you. There are more details in the video, but the important takeaways are: 1) Scale your position appropriately 2) If you make a poor decision, give yourself a night's rest before making further decisions (you're not a robot) 3) Always look at relative losses / gains rather than absolute 4) Be prepared for all results by having entry and exit points (such that no outcome catches you with your pants down) If you're an investor (buy and hold), then the takeaways are: 1) STOP looking at price so frequently. It amazes me how many people say they are hodlers, but they check Bitcoin's price at least 3 times a day. This is the worst possible thing you can do if you're a real hodler since price shouldn't matter to you and obsessively observing price will only serve to increase your emotional attachment to Mr. Market. 2) Remove right or wrong from the equation and invest as you can without regard to market timing. If price goes down immediately after you invest, don't stress. If you can't prevent stress, invest more in traditional assets (stocks, bonds, funds) until you find an allocation that works without emotionally straining you. Another important piece of information in this video: I generally trade to reduce risk, NOT increase return. This strategy that I lost money on is outside my usual book of strategies and I'm not surprised by the result. I will still try this strategy in the future, but it is worth noting there is a difference between trading to increase returns and trading to decrease risks. This particular trade was the former and it burned me. I buy & hold if price declines (e.g: altcoins). I will do the same for Bitcoin if the situation reverses and Bitcoin declines while altcoins rise (sell altcoins and buy Bitcoin). As always, I am interested to hear your thoughts in the comments. Thanks for watching. ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 43972 Crypto Investor
How To Destroy Bitcoin According to MIT Tech Review
 
15:27
MIT Technology Review posted an article titled "Let's Destroy Bitcoin" (https://www.technologyreview.com/s/610809/lets-destroy-bitcoin/) that discusses three different ways in which Bitcoin could be subverted to the point of obscurity. I was surprised more people didn't talk about this article, so I wanted to make a video about it and whether or not it convincingly demonstrated how to "destroy" Bitcoin. Steemit: https://steemit.com/bitcoin/@cryptovestor/how-to-destroy-bitcoin-according-to-mit-tech-review It's worth noting that I have criticized Bitcoin often throughout my time on YouTube. I've called it a bubble (still think so) and have stated many issues I have with it that I suspect will act as barriers to mass adoption, including the tradeoffs of decentralization, usability and security concerns. I am receptive to criticism of Bitcoin, but this article was not particularly convincing. The article starts out by pointing out that since the innovation of blockchain technology, effectively anyone can replicate the Bitcoin idea which means competition. In other words, it is possible for an economic substitute to arise that effectively renders Bitcoin pointless. Here are the 3 primary examples the article gives: 1) Fedcoin 2) Facebook controlling Bitcoin 3) Many, many forms of payment diluting Bitcoin's market share to obscurity Fedcoin and the idea of a central bank-backed cryptocurrency is a common topic of discussion within the crypto community. However, this article poses the idea that the government could take over Bitcoin by implementing such a cryptocurrency which would be vastly superior to Bitcoin in terms of performance - No duh! Paypal is already vastly superior to Bitcoin in the majority of "serious" use-cases and even for sending money to family & friends, it's free and doesn't require the hassles of exchanges or addresses. What does Fedcoin offer that U.S dollar related services don't already offer? I'll tell you this much: Not enough to convince the average Bitcoin user, who is already making sacrifices, to abandon their Bitcoin. The article then discusses the idea that Facebook could create a Bitcoin client and due to its size, persuade enough full nodes to run it to become the "true" Bitcoin implementation. Good luck with that! I'd love to see the day that happened in a space where consumer big data companies are burned at the stake. That's not even mentioning the fact that full node operators tend to be more sophisticated and aren't likely to be persuaded by marketing campaigns. Fortunately the article focuses on another method Facebook could control Bitcoin. The basic premise is to build an excellent wallet and then enable it for ALL Facebook users. Other Bitcoin users will switch over because Facebook, using its vast resources, will create a wallet with FAR superior usability than existing wallets. First, I disagree that Facebook could achieve such a task so easily. There are many companies working on the "best" wallet implementation and the shortcomings aren't always money or labor related. Time is often a bottleneck and Bitcoin doesn't exactly make designing a simple consumer-facing product easy. Even if Facebook successfully built such a wallet and could convince users to allow them to use their computing power for mining (another argument in the article), it is unlikely they would ever gain enough influence to gain control over Bitcoin in an environment which chastises them. Lastly, the article discusses the idea of a world where you can pay with a plethora of different payment options, varying from Fedcoin, Toyotacash, shares of stock, etc. It's highly unlikely anyone would want to pay with an asset where you have to realize capital gains on any transactions (a current problem for cryptocurrencies). Furthermore, previous attempts to create unique digital assets have been generally met with mixed results (e.g: Facebook credits). So what are the odds that many companies succeed at this and that additionally, other merchants want to accept it? Or that creating the infrastructure to enable such swapping of assets will EVER be a reasonable undertaking? This sounds like the biggest cluster**** of all time. I don't see any world where this occurs and if it does occur, I'd be one of many who just sticks to using fiat currencies since it's much simpler. Note that all assets in this multi-payment environment will ultimately have to be priced in a static currency like the dollar anyway in order to accurately measure swaps, otherwise the relative pricing of goods in all these different currencies would be a royal pain to keep track of. Overall the article attempts to do something big, but I feel falls quite short. It is possible, in my opinion at least, that Bitcoin becomes obscure in the future. However, the reasons listed in this article seem a little too absurd in my opinion and I thought it was interesting enough to share. Let me know your thoughts in the comments below!
Views: 24576 Crypto Investor
What's the Next Verge? My Speculative Gamble
 
10:51
Verge pumped astronomically in December, gaining over 4000% when I recorded this video although having corrected some now given Bitcoin's recent dip. The privacy coin space as a whole has heated up and given this fact, I decided to take a look at the returns of the different coins in the space to see if there were any opportunities and decided to take a bet on NAV Coin. Steemit Post: https://steemit.com/cryptocurrency/@cryptovestor/what-s-the-next-verge-my-speculative-gamble Before we continue further, I would like to make a disclaimer. This is obviously, by nature, speculative and extremely risky. It is not investment advice and is simply a bet I am making with a small portion of my portfolio. In short, don't be an idiot and follow me blindly, especially given that this particular analysis is NOT fundamental at all. In other words, it's more akin to gambling than investing. I pulled up 8 different cryptocurrencies to compare the 3 month and 1 month returns. The cryptocurrencies I used to represent the privacy coin space are (by market cap): 1) Dash 2) Monero 3) Zcash 4) Komodo 5) PIVX 6) Zcoin 7) NAV Coin 8) Zencash At this point, it is relevant to clarify that these choices are only based on how the GENERAL public perceives these cryptocurrencies, meaning that political opinion on what is or isn't a privacy coin does not matter as none of this analysis is fundamental. Over a 3 month period, using Dash & Monero as sort of the 'index' for privacy coins (it really doesn't matter since they are so close to one another), only two cryptocurrencies have underperformed: Zcash and NAV Coin. While Zcash has underperformed by more and hence has more opportunity to catch up, it is a much larger cryptocurrency and hence less likely to pump. NAV Coin sits all the way at the bottom of the top 100 list on CoinMarketCap, even slightly lower than where Verge was just earlier this month. Given this, there is plenty of opportunity for it to pump. More importantly, I've been seeing more 'buzz' around NAV Coin given the success of Verge as people compare the two as if fundamentals actually matter. If we see the beginnings of a leg up for NAV, it might be all that is required for 'dumb' money to jump in as they view it as the next Verge. If we switch to the 1 month returns, however, NAV has outperformed Monero / Dash. There are still two underperformers: Zencash and Zcash. While you could argue for Zencash given its small market cap, it is a top performer over 3 month period (given an earlier pump) and I hear about it much less than NAV, which while anecdotal, tends to be important when it comes to 'pump' coins. As such, I will be taking a VERY small speculative position in NAV Coin. I want to reiterate this is not fundamental in nature and I am fully willing to lose ALL, not some, of my position. However, I see it as a net positive bet (or I wouldn't take it) so we'll see what happens. Lastly, if it pumps because of this video, then all I will say is be careful because you're playing with fire. I do not know at this point what affect my channel can have on smaller cryptocurrencies. Altcoin Buzz seems to be able to cover smaller altcoins with limited impact, but his channel is centered on it while mine rarely does. Be cautious and thank you for watching / reading. ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence.
Views: 108606 Crypto Investor
Why Buy & Hold Isn't Always Best Strategy For Bitcoin / Cryptocurrencies
 
11:20
Bitcoin hodlers reinforce the concept of not attempting to time the market and hence buy and hold (hodl), a concept from traditional finance. There is tons of academic research to support this. In this video, we discuss buy & hold with stocks and contrast with cryptocurrencies. A commonly referred to statistic with stocks is the fact that 80% of active managers underperform the relevant index. Active funds generally have at least 3 times the asset turnover of a passive fund, which means in general here, buy & hold wins. There is more specific reasons why buy & hold is widely coveted as well. The Efficient Market Hypothesis is one such defense. Another defense is the transaction costs associated with active trading. Yet another is the short-term capital gains tax. How about behavioral finance and the emotional impact of trying to play and time the market? Indeed, there is a ton of support for buy & hold. Yet in this video, I discuss why cryptocurrencies may not be the best for this strategy. For one, they are not cash producing assets which means future value is based entirely on adoption - a much lower certainty than cash flow generation from a blue chip stock. In addition, the volatility in cryptocurrencies as a result of the demographics and experience of overall investors suggests to me that this market is substantially less efficient. As a result, understanding the mood of the market and attempting to time it is a much more plausible task than it is with equities. Let me know your thoughts - as usual, always happy to hear the opposite side! P.S: For many people, in my opinion, holding is the better choice due to emotions alone. If you want to support me and my content, consider following me on these other platforms: Twitter: https://twitter.com/Truth_Investor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 19694 Crypto Investor
The Most Important Cryptocurrency Debate
 
19:23
Ethereum has had many discussions over its lifetime on how to proceed with its development, but one of the biggest ones has always been the recovery of lost or stuck funds. This discussion has heated up recently as the result of EIP 867 (introduction of ERPs) and EIP 999 (restore contract code of Parity WalletLibrary contract which was destroyed), but the discussion has been mostly limited to the Ethereum community. Steemit: https://steemit.com/ethereum/@cryptovestor/the-most-important-cryptocurrency-debate However, I think the discussion of these two EIPs has ramifications far beyond just Ethereum. The debate over these EIPs includes topics such as: 1) Decentralization 2) Immutability 3) Changes at the protocol level vs the application level 4) Blockchain governance These factors are critical for ALL public blockchains. The community appears to be against any EIPs relating to recovery. The reasons often quoted include: 1) Sacrificing Immutability 2) Providing too much power / responsibility to EIP editors 3) Sets precedent which can lead to slippery slope (what do we allow to be recovered?) 4) Sets precedent of too big to fail 5) Bad code should have bad consequences 6) Changes shouldn't be made at protocol level 7) Many more - Check discussion links The video includes details about what an EIP is, what these two particular EIPs are, and my overall opinion. Personally I am in favor of EIP 999 as I think it is undeniably an exception (due to both the amount and people involved), but am uncertain about EIP 867. EIP 867 will mostly benefit businesses who develop on top of Ethereum (in my opinion), which is excellent, but like many others, I am concerned of how it would turn out in practice. What are your thoughts? Links: EIP Description: https://github.com/ethereum/EIPs/blob/master/EIPS/eip-1.md EIP 867: https://github.com/ethereum/EIPs/blob/master/EIPS/eip-867.md EIP 999: https://github.com/ethereum/EIPs/blob/master/EIPS/eip-999.md EIP 867 (Discussion): https://ethereum-magicians.org/t/eip-867-standardized-ethereum-recovery-proposals-erps/139 EIP 999 (Discussion): https://ethereum-magicians.org/t/eip-999-restore-contract-code-at-0x863df6bfa4/130 ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 27870 Crypto Investor
Why I Think We've Reached a Bitcoin Bottom
 
14:41
Bitcoin has had a crazy past week relative to the slow and steady downtrend we've been in. Volume finally started to pick up and notably price pumped $1k in 30 mins before we saw the market start to stall again. Steemit Post: https://steemit.com/bitcoin/@cryptovestor/why-i-think-we-ve-reached-a-bitcoin-bottom Last week I started to become tempted to buy Bitcoin at around $6800. Bitcoin had been trading around that level for 2 weeks, so mentally I suspect I started to feel like we were at a bottom and I didn't want to miss out on the next pump. The fact that I felt FOMO while we were trading sideways (especially given my general pessimism) LIKELY means that many other market participants feel the same way. The only reason I didn't buy is because of trading rules I've set where I can't increase my position size in Bitcoin until it goes down to $5k. Furthermore, Bitcoin dominance is starting to fall which means money is shifting into altcoins again. This is a risk-off trade which shows confidence in the market. My confidence in my 50% BTC dominance prediction is finally starting to wane, which given the level of conviction I had for months despite all the criticism I received for it, is a sign that perhaps the market is ready for more stupid behavior (AKA another nice bull run). In terms of altcoin trades I'm looking at, I discuss the following: 1) Litecoin at 0.015 BTC 2) Monero below 0.025 BTC 3) Nano at around 70 - 75k Satoshi (yes, the crypto I called a pump & dump - it's finally come full circle) What are your thoughts on the market? As usual, feel free to share them with me and the community in the comment section below. Thanks for watching / reading! ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 28252 Crypto Investor
Ripple Skyrockets | The Rippening Is Here
 
12:07
Ripple (XRP) has skyrocketed not only over the past 2 weeks, but also the past 24 hours, surging past the $2 mark (and getting close to challenging $3 at one point). The Rippening / Rippling occurred if you look at total supply, but given the fact this supply is mostly locked in escrow, it behaves more like inflation as it is released into the economy slowly. Steemit Post: https://steemit.com/ripple/@cryptovestor/ripple-skyrockets-or-the-rippening-is-here Much of this surge in Ripple has come from recent news where Ripple announced three large credit card companies from Japan are partnering with them for a pilot program. In addition, two weeks ago they announced a pilot program with a number of Korean & Japanese banks. Despite these partnerships being exploratory, the market prices them in as full-fledged collaborations due to hype. This type of mentality is not unique to Ripple, but it is affecting Ripple drastically right now so it is worth noting. I see Ripple as overextended now, although I wouldn't be surprised if irrational exuberance carries it two fold from here given how absurd the rise in Verge was recently (illustrating how strong pumps can be). We also saw this with Iota before it eventually cooled off. Everyone buys in thinking that other people know something they don't know. This is unfortunate because Ripple has a real and interesting use case with an excellent team. It doesn't need hype to do well, yet this is the nature of the field due to the overinflation of Bitcoin. Furthermore, a lot of people associate the value of the Ripple token with the value of the network. While the Ripple token is the most convenient and trustless currency to use within the Ripple network, it is not representative of the network value and should not be priced as such. If I had the option, I'd much prefer investing in Ripple the company than Ripple the cryptocurrency. Why? Because I see higher value in the network the company is building than the token itself. Given the company is unfortunately private, this is not an option. I will personally stay away from the Ripple token at these levels. What are your thoughts? Thank you for watching / reading. ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 83404 Crypto Investor
Cryptocurrencies Boom! The Next Bull Run & Cycle Discussion
 
15:38
Bitcoin and cryptocurrencies as a whole have had an excellent past two weeks. Altcoins have performed spectacularly, taking a significant chunk of Bitcoin's dominance. A lot of this comes from smaller altcoins, but plenty of major altcoins are hitting it big too (e.g: EOS). Steemit Post: https://steemit.com/bitcoin/@cryptovestor/cryptocurrencies-boom-the-next-bull-run-and-cycle-discussion The general sentiment in the market seems to be much more positive and the decreasing Bitcoin dominance is a sign of risk-on investor behavior. I have mentioned previously that I suspect many investors missed the previous bull run entirely, either due to not knowing about Bitcoin or finding out too late. This class of investors will most likely drive this run (along with those who did well in the previous run). In terms of whether or not we have moved into an altcoin cycle, it is increasingly seeming like the case. However, Bitcoin dominance fell quite quickly and given the current dominance for smaller altcoins, I think it's possible for a slight rebound in dominance for Bitcoin to around 40% dominance. For now, I'd remain selective on smaller altcoins. Larger altcoins are still quite behind where they were at their peaks in the previous altcoin cycle (e.g: Ethereum, Ripple, Litecoin), so there might be more opportunities in this group rather than small caps at present time. I no longer suspect that Bitcoin dominance will rise to 50% (so I'm accepting I was wrong on the peak we'd reach, go ahead and rub it in!). As long as a bull run is in the card, riskier behavior is likely and that means less interest in Bitcoin overall unless it has a major catalyst (e.g: major hard fork like Bitcoin Cash or Segwit2x). What are your thoughts on the market right now? Do you see us moving into a bull market or is this nothing but a bull trap? Do you prefer Bitcoin or altcoins? Let me know in the comments below. Thank you for watching / reading! P.S: Video also includes highly requested update on Salt (sold rest of it today) and Polymath (continue to hold despite significant losses against BTC). ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 23491 Crypto Investor
Vertcoin: A Painful Lesson in FOMO Investing
 
06:41
Vertcoin has spiked recently as people are seeing it as the "true" Bitcoin Gold (in the sense that it is ASIC resistant, but not scam-like). I decided to sell around 50k Satoshi, believing that to be fair and that the momentum would eventually slowdown. I set my rule to sell at it becoming a top 50 crypto - and indeed it did, then slammed all the way up to top 30. I missed out and lost thousands of dollars in opportunity costs. In this video, we talk about the emotions associated with moments like these and how you should best prepare yourself to deal with them when investing. If you ever feel this way, my best advice is DO NOTHING. You cannot make rational decisions when affected by this and you ultimately will end up costing yourself in the long-run (even if it works out once). Note that this video isn't saying whether or not Vertcoin is a buy or sell, but rather uses it as an example of FOMO emotions. This is not investment advice and you should invest based off your own due diligence. Let me know your thoughts and your experiences with FOMO. Happy investing everyone. If you want to support me and my content, consider following me on these other platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 35414 Crypto Investor
Why Bitcoin Cash Won't Replace Bitcoin & How It'll End
 
14:58
Bitcoin Cash is spiking and there is some discussion whether or not Bitcoin Cash can displace Bitcoin. In other words, could it take the name "Bitcoin"? The short answer is no. The longer answer is that it is exceptionally unlikely because it would require exchanges to all agree on what "Bitcoin" is and make the change simultaneously, else risk losing a ton of customers and transaction volume. In other words, the first exchange to call "Bitcoin Cash" as just "Bitcoin" would essentially be martyr'ing themselves. Bitcoin Cash is seeing a majority of volume come from Korea, although now we are seeing other exchanges increase in volume as a result of FOMO investing. Roger Ver is on a Twitter storm and also talking about Bitcoin Cash such as in the meetup in LA recently. Given his wealth and influence, he can have a substantial impact. Other factors are playing in as well: Right now the Bitcoin mempool size is spiking, which is causing transaction fees to spike. As such, Bitcoin Cash is becoming a more and more attractive alternative to Bitcoin. However, the spike in the mempool is due to spam transactions which aren't "real." As Bitcoin Cash increases in value, more miners switch over as it is more rewarding to mine (and uses same hashing algorithm, SHA256). Lastly, the Emergency Difficulty Adjustment algorithm will be updated on November 13th as the entire Bitcoin Cash network is upgraded. Bitcoin's primary driver of value, as we have established on this channel previously, is now a "store of value" rather than as a "medium of exchange." Given this, there is no way that Bitcoin Cash will attract the level of capital required for a "flippening" as all Wall Street and casual investors care about is Bitcoin. And for Bitcoin Cash to become "Bitcoin," it would have to eclipse it in market cap for the exchanges to all make that change. In the end, the exchanges have the power. What are your thoughts? ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 202883 Crypto Investor
Litecoin HUGE Buy Opportunity Following BTC China Exchange Closure
 
05:31
READ THIS: I forgot to include in the video the exchange volumes for Bitcoin (https://coinmarketcap.com/currencies/bitcoin/#markets) and Litecoin (https://coinmarketcap.com/currencies/litecoin/#markets). Click the links given to see % volume attributed to each exchange. You'll notice there is significantly more Chinese volume for Litecoin, hence more downside risk. Even with this, I still like Litecoin on the lower end of the $40 - 45 range. As many of you likely know, BTCC (one of the largest exchanges in China) has decided to cease trading for Chinese customers beginning September 30th. This has sent the cryptocurrency market into a downward spiral, causing panic and also great opportunities. However, at this point, I recommend holding off on buying as there is too much headline risk currently. Given the rumors for ICO bans turned out to be true and now rumors for cryptocurrency exchanges being true, I suspect the other exchanges (Huobi & Okcoin) have a good chance of closing too. As such, I think we're in for just the beginning of headlines. However, I do see a potential buy opportunity cropping up for Litecoin. Litecoin was one of the few cryptocurrencies that barely moved through the bulk of July and August, sitting between $40 - 45. While other cryptocurrencies skyrocketed, such as Bitcoin's move from $2,700 to $4,000, Litecoin traded flat. It later exploded up to $90, before the whole cryptocurrency market began to correct. At this point, Litecoin is well on its way back to that $40 - 45 range again while Bitcoin is still 30% higher than it was before August. At the time of writing this, Litecoin is currently worth $51.50. It's gone down all the way to $47 at one point during this crash. Currently I have a limit order in at the $41 - 42 range. The risks? Over 40% of Litecoin volume is in China while it is only 10 - 15% for Bitcoin. Hence, it is much more impacted by the Chinese markets. I still consider it a good buy on the lower end of the range. As always, be cautious and use your own due diligence and judgment to make investment decisions. Seeking Alpha Articles: https://seekingalpha.com/author/truth-investor/articles
Views: 10008 Crypto Investor
Why U.S Restrictions on ICOs and Exchanges Is Likely
 
12:03
The U.S Senate met on February 6th to discuss "virtual currencies" such as Bitcoin. Many interpreted this meeting as bullish for Bitcoin and other cryptocurrencies, primarily off the back of CFTC Chair Giancarlo's testimony and the idea of a "thoughtful regulatory approach." Steemit Post: https://steemit.com/cryptocurrency/@cryptovestor/why-u-s-restrictions-on-icos-and-exchanges-is-likely While many caught onto the theme that ICOs were not liked by anyone, I think many didn't logically take it to the next step. If all ICOs are securities, aren't many altcoins as well? And if they are, what becomes of exchanges that enable the trading of these altcoins? It was mentioned many times at the hearing that exchanges weren't adequately regulated due to state-specific legislation and the idea that money transmitter licenses weren't designed for such secondary market trading. There were other red flags as well, such as the idea of escalating Bitcoin to FSOC as a systemic risk or that the principle idea behind Bitcoin is to replace the U.S dollar which is NOT how we want regulators to view Bitcoin as they will see it as a much bigger threat. Another important detail that many seemed to ignore was that the focus of the meeting seemed to be on how blockchain was valuable, but cryptocurrencies weren't. The only people who seemed to argue against this idea was CFTC Chair Giancarlo and Senator Warren. Instead, the focus was on how blockchain technology could help regulators do their jobs through increased transparency of data. This usually is a fancy way of saying "more power to government and less privacy." It begins with good intentions, but that's usually what it devolves to. All in all, there were many details most chose to ignore from the hearing that I wish were discussed more. There were obviously some bullish elements to it as well, but they have been discussed to death in media and hence I've chosen not to cover them. I hope that we do see a "thoughtful regulatory approach," but it appears a bumpy road ahead is likely. ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 35430 Crypto Investor
Why Bitcoin Could Reach $23,000 Soon
 
10:56
Bitcoin has been facing off against altcoins as people shift their funds from "useless" Bitcoin into altcoins they perceive as useful (which are often useless as well). Steemit Post: https://steemit.com/bitcoin/@cryptovestor/why-bitcoin-could-reach-usd23-000-soon In my last video, I mentioned 3 potential catalysts that could cause this money to shift back into Bitcoin: 1) Hard fork with a lot of hype 2) Lightning Network which changes narrative from "Bitcoin is slow and useless, hence will die" to "Altcoins only advantage, speed and affordability, just was erased and Bitcoin already has the brand and business support." Even if it DOESN'T end up being true, the average crypto investor will likely feel this way. 3) Signs that more institutional investors will jump on board, such as news on additional derivatives and ETFs Once eyes shift back onto Bitcoin, I suspect its market dominance will increase from its current level all the way up to 50% again. At the current cryptocurrency market cap, that would put Bitcoin at $23,000. This is a fairly rudimentary and optimistic analysis. The last time we saw Bitcoin dominance fall this low was because of the threat of the Flippening (Ethereum taking over Bitcoin in market cap). When this occurred, Bitcoin recovered its dominance through a cryptocurrency selloff rather than a boom back in July (see video). While Bitcoin sold off from $2,650 to $1,900, its dominance soared from 37% to 50%. Why did this happen? Because of "flight to safety" - as insane as it is due to its volatility, Bitcoin is actually the "safe" asset in this crazy market. It's also a quality asset as it has had a long track record along with huge community and developer support. What followed everyone is aware of: The crypto market went boom and Bitcoin retained its 45 - 55% market dominance for a while. However, from October to December, Bitcoin had a crazy bull run which shifted dominance up to above 60%. Just last month, Bitcoin's dominance reached 65%. Yet everyone is certain that dominance will continue to tank due to being at an all-time low. I disagree with this assessment and believe a recovery to 50% (which Bitcoin has tended to hover around over past few months since the altcoin boom last year) is in the cards soon. Even in the event that the market goes down, Bitcoin remains a safer option than other cryptocurrencies. For the record, this means I am NOT selling Bitcoin at $17k anymore. In the event of a continued cryptocurrency bull run, Bitcoin is well positioned against other cryptocurrencies and could easily see $20k+ soon. What are your thoughts? ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 66084 Crypto Investor
How These 'Stupid' Cats Just Saved Crypto
 
13:45
CryptoKitties - Need I say more? Built on the Ethereum platform, these silly little "crypto kitties" have actually gone for high prices (https://kittysales.herokuapp.com/), but more importantly they have been testing the limits of the Ethereum network. Many people claim this illustrates the weakness of existing decentralized cryptocurrency scalability (particularly Bitcoin & Ethereum) - but I would argue this has been well known. Instead, I say this application illustrates that scaling is actually a relevant discussion. As stupid as it may seem, this is a great reason for the Ethereum network to slow rather than just another blockbuster ICO that goes nowhere. This is easy to market and if it grows large enough, will make it to many news stations because it's a simple and fun story to report on. It will result in THOUSANDS of copycat applications, some of which might actually result in success. There is already an article on Medium discussing how to make your own app (https://medium.com/loom-network/how-to-code-your-own-cryptokitties-style-game-on-ethereum-7c8ac86a4eb3). One of the reasons that it is argued cryptocurrencies are in a bubble is because adoption lags price. With Bitcoin (which I will discuss in future), you could support all transactions for commerce with less than 10% of the existing market cap. Most of the growth in Bitcoin's has come from changes in future expectations, remittances, and the 'digital gold' argument rather than its use as a transaction medium. It is refreshing to see an application (no matter how silly) that seems to be promoting actual adoption, even if it ends up being a fad. On a side note, I think Ethereum is attractive right now relative to Bitcoin. The whole cryptocurrency market is getting expensive, in my opinion, due to Bitcoin's incredible run lately. This means the dollar value of all cryptocurrencies might correct soon (not a prediction, just becoming a higher possibility). However, Ethereum is reaching a critical support around 4 million Satoshi which it has bounced off a few times, so should be interesting if it heads lower or if it sustains. I will be taking my chances personally. I'd love to hear your thoughts as usual. Thanks for watching. ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 185212 Crypto Investor
Critical Analysis of Steem and Why I'm Invested
 
19:06
Steem is one of the only cryptoassets I am holding for the long-term (not trading). That likely sets alarms off for many of you (as I promote Steemit in all my videos), so fair disclosure that there IS an economic incentive for me to boost the price of Steem so I get paid more for posting my content on Steemit. However, I am NOT being paid by Steemit or anyone else to make this video - I am doing it of my own accord. Steemit Post: https://steemit.com/steemit/@cryptovestor/critical-analysis-of-steem-and-why-i-m-invested First, this video explores some of the many flaws associated with Steem and its biggest application, Steemit. In summary, we discuss: 1) The "instamine" by developers and relaunch of Steem blockchain at beginning so that developers received 80% of Steem supply in beginning for "development purposes" 2) The issues associated with trending posts on Steemit - The lack of integrity in buying votes or whales colluding to upvote posts for reasons other than curation (e.g: a friend made the post) 3) The fact that all of the money comes from investors, which makes payouts extremely volatile and, in a way, makes the business model seem Ponzi Scheme-like as money is created from 'thin air' (wish I explored this more - one of the downsides of not writing a script is not spending enough time on certain topics) 4) Reward Pool Abuse 5) Whether or not delegated Proof of Stake is corruptible (briefly, don't go into detail here) 6) The quality of most posts (at least in trending) is rather poor. In my opinion, which I didn't share in the video, payments should be proportionate to quality and # of views which at this time, there is a massive disconnect which means tons of value is being destroyed. ================ Flaws I Didn't Discuss (Mostly due to constraints or forgetting while recording): 1) Inadequate policing tools or incentives available for reducing the frequency of low quality submissions 2) How complex Steemit feels to a new user 3) How frustrating the account creation process can be (although this is being worked on) ================ After we go through the flaws, I discuss why I hold Steem for the long-term: 1) It's the only cryptoasset with an application that sees real use, as verifiable through Alexa & SimilarWeb 2) There is a culture in Steemit, as you can easily see with community discussions and "wars" over particular topics (e.g: Haejin, voting bots, etc.) 3) It "feels" active - A lot of crypto projects "feel" dead due to low number of overall users. While trending may not be filled with high quality posts, it certainly has a lot of interaction which brings people back to the platform 4) There is a team actively working on improving the platform and the witnesses are generally doing their best to make it a better place as well (a fact I forgot to mention in video) 5) There are community members who are actively hard at work to improve the platform and Steem ecosystem (forgot to mention in video) Overall, while Steem & the application Steemit have many concerns, it is my opinion that Steem is the closest to achieving its goal among almost all cryptoassets. I am hoping that the issues I have discussed will be addressable in the long-term and am willing to take the risk personally. In the future, I might write an article that goes more in-depth on my opinions of Steem - this is more of an overview. Thanks for watching / reading. ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence.
Views: 18828 Crypto Investor
Altcoin Opportunity While All Eyes Are On Bitcoin
 
19:40
Bitcoin has run up extensively since my last video and is now nearing $8,000 at the time of writing this. Bitcoin still has plenty of room to grow as people invest due to FOMO and over excitement for $10k by year end, a target expected by many investors for zero practical reason other than it sounds nice. Lately I've found more people excited about getting rich off Bitcoin rather than off the adoption of Bitcoin. If you've watched / read my previous content, you know I've been on the fence about whether or not Bitcoin is a bubble. I believe part of the run-up is due to loose monetary policy, which has led to investors chasing performance as all asset classes appreciate in value. I would like to start exploring the subject of the "Bitcoin bubble" even more and come to a final and decisive "yes" or "no" answer. Leaning towards a strong "yes" right now. In terms of other cryptocurrencies, I remain bullish on Ethereum depending on time horizon of investment. Any level below $300 remains attractive. Litecoin is rising as a result of the first Lightning atomic swap between Bitcoin and Litecoin. As great as this is, I don't see it as all that relevant as atomic swaps are far from being a useable solution for decentralized exchanges that the present value of such events should be small. However, Litecoin has been underappreciated recently against Bitcoin so it's a moot point. Other altcoins remain attractive as they are still at low levels relative to Bitcoin since its bull run in October. I am looking at TenX now, mostly because the product should help bandaid an important problem for cryptocurrencies in short-term. However, the risk is that they are unable to deliver, so I am keeping my position size small. Hopefully prepaid debit cards are no longer a necessity in the future. Lastly, expect more high quality content moving forward. I don't want my channel to be about market updates all the time. I want to help uncover methods to value cryptocurrencies, identify risk factors, understand the tech more than most investors, and relay all this information in a concise, laymen format for all of you. This takes more time, but I think it'll be worth it in long run. Hope you all stick around. ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 72609 Crypto Investor
Why I Buy Bitcoin During Crashes Despite Calling it a Bubble
 
13:49
Bitcoin has continued to decline since my last video, only just recently jumping back up to the mid $8k's at the time of writing this. For many first-time investors, this is likely a painful experience and shows the harsh realities of investing (that there is risk involved, especially for cryptocurrencies). Steemit Post: https://steemit.com/bitcoin/@cryptovestor/why-i-buy-bitcoin-during-crashes-despite-calling-it-a-bubble A lot of people are confused as to why I still buy into Bitcoin despite calling it a bubble. This is because one is a bet on perception (when I buy Bitcoin) whereas one is a bet on reality (when I call Bitcoin a bubble). Bitcoin adoption has been slow, with roughly 1% of transactions or less being used for actual commerce (I seriously doubt Bitcoin gets most of its value from the 'digital gold' argument either given it just lost 60% of its value in a month and a half). Many investors in this market are very emotionally driven and there is a lot of mob-like mentality and parroting of key opinion leaders. Almost always, behavior like this leads to bubbles. While we often cite the dot-com bubble, there have been many other mini-bubbles where people's perceptions disconnect from reality (e.g: 3D printer stocks). This is exceptionally common in tech due to lack of understanding by investors, and this is even more extreme in cryptocurrencies due to its low regulatory nature and political ideologies skewing it toward a younger, more volatile demographic. I continue to buy Bitcoin because, as stated in my previous description, I suspect that many people missed out on the meteoric rise of Bitcoin in the 2H17 and won't miss out on another pump if it occurs. This is based solely on perception, not reality. Lastly, on the more practical side, I am keeping an eye on many altcoins in the event that their Satoshi levels come down to more attractive buys. How are you playing this market and what are your thoughts moving forward? Thank you for watching / reading! ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 76518 Crypto Investor
Verge: The "BIG" Announcement + Trading Opportunities
 
13:17
Verge's long awaited, highly anticipated partnership announcement is finally here! Drumroll please ... Who is the lucky partner? Turns out... Pornhub! Steemit Post: https://steemit.com/verge/@cryptovestor/verge-the-big-announcement-trading-opportunities In all seriousness, this came as quite a surprise and is a fairly big deal in the crypto space. While it seems Verge paid fairly steeply to get into bed with Pornhub (sorry, couldn't resist), it is far better than Verge taking the money altogether. While this significantly reduces the odds that Verge is an outright scam, it doesn't change the matter of incompetence. Therefore, it appears to me that Verge is more joke than scam (which is a significant upgrade). This means it is still uninvestable, but slightly safer for those of you who are trading it based on Greater Fool theory. I'd still sell, but that's mostly because I can't handle the risk associated with such cryptocurrencies. Also note that I am not well aware of Pornhub's business model, but if it's mostly driven by advertising, I don't know how much of a difference the acceptance of Verge will actually matter. Either way, the announcement made for an interesting day! The rest of the video discusses trading opportunities in the following cryptocurrencies (simply based on the levels they are trading at): 1) Dash 2) Ark 3) Zcash What are your thoughts on the Verge announcement? Let us know in the comments below. Thank you for watching / reading! ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 19215 Crypto Investor
Big Litecoin & Ethereum Trading Opportunities
 
10:21
Litecoin & Ethereum have exploded in the past 12 - 24 hours, especially Litecoin. In this video, we'll discuss some possible trade ideas and how cautious you should be when investing in these volatile cryptocurrencies. Litecoin is priced much higher on GDAX than other exchanges. Roughly 30% of volume is coming from GDAX at the moment, which makes me believe the price from GDAX is a premium which will close over time as has happened in the past. As such, I would not touch Litecoin on GDAX. However, there might be an attractive opportunity to buy Litecoin at roughly 1.75m Satoshi (0.0175 BTC). This is a key long-term resistance turned into support now that we have broken above it and are hovering around it. A buy limit around this level with a subsequent stop roughly 20 - 30% below the market might be attractive given cryptocurrencies that explode tend to keep going up for an undetermined amount of time. If we see Litecoin fall below this key level (0.0175 BTC) in next 24 hours and remain there, my view will become more bearish. I likely won't be participating in this trade, given I view cryptocurrencies risky enough as is, but I am considering a small position regardless. Ethereum, on the otherhand, is still below its key resistance level (0.04 BTC) which means I still view it as undervalued despite its run-up in USD. Furthermore, it is priced similarly across all exchanges. If we can break up 0.04 BTC, I would look to start taking profits in the 0.055 - 0.06 BTC level, with the next level being 0.07 BTC. Anything beyond that I will provide a separate video update for. As usual, I would love to hear your thoughts. Thank you for watching. ================ If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me - everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently. ================ My Recommended Hardware Wallets: If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously - look it up and you'll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline): Ledger Nano S: http://amzn.to/2hZPj0q Trezor: http://amzn.to/2AxD9TN Ledger Blue (expensive): http://amzn.to/2hk7xst I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn't matter which one you go with. Ledger Blue is premium and convenient, but not necessary. ================ My Favorite Book for Investing in Crypto: Cryptoassets: http://amzn.to/2zKDdCF This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn't bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest. It's a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc). ================ My Recommended Exchanges: Coinbase / GDAX / Bittrex https://www.coinbase.com/join/5a08b12e305a1401d79d10e0 If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex. ================ Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. None of what I provide in my videos is investment advice. Please do your own due diligence. ================ My Platforms: Twitter: https://twitter.com/Truth_Investor SteemIt: https://steemit.com/@cryptovestor Medium: https://medium.com/@Truth_Investor Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles
Views: 68845 Crypto Investor