4 Reasons Why Bitcoin Crashes

They say stocks are volatile. Markets can swing so, if you’re invested, even with a boring 401(k), you have to be careful. News headlines back this up. If you flip on Bloomberg or CNBC right now, you might see something like… DOW DROPS 300 POINTS ...on the ticker. The Dow Jones Industrial Average is a grouping of 30 of the largest companies in America, so when it drops hundreds of points people take notice. Except, of course, the Dow is worth tens of thousands of “points”--34,000 as of this writing. So 300 represents less than 1% of the total. So, really, stocks aren’t so volatile (most of the time). T.V. channels just need new content to feed the 24-hour news cycle. You know what’s actually volatile? Cryptocurrencies. When Bitcoin falls 0.6%, it doesn’t make the news. Nobody bothers to tweet about it or, really, give it a single fleeting thought. Because...

Bitcoin – the Most Profitable Asset in History?

Before you look at the extraordinary chart below, ask yourself - if you could go back to any point in history and buy any one thing, what would you choose? One good option would be a famous relic. Find the Buddha, Mohammed, Cleopatra or Shakespeare, and swipe something from their house or cut off a lock of hair. That kind of thing will always be highly prized. It’s difficult to prove the authenticity of such artifacts, though, and they tend to wither over time. Perhaps you would like to purchase the work of a renowned artist, before they became widely recognized. Vincent van Gogh, famously, only ever sold one painting for money--about $2,000, in today’s terms--and most of his works were barely worth the materials used to create them. (In fact, that’s exactly how much they were worth: in his younger years, at least, he’d often...

4 Reasons Why Bitcoin Crashes

They say stocks are volatile. Markets can swing so, if you’re invested, even with a boring 401(k), you have to be careful. News headlines back this up. If you flip on Bloomberg or CNBC right now, you might see something like… DOW DROPS 300 POINTS ...on the ticker. The Dow Jones Industrial Average is a grouping of 30 of the largest companies in America, so when it drops hundreds of points people take notice. Except, of course, the Dow is worth tens of thousands of “points”--34,000 as...

Bitcoin – the Most Profitable Asset in History?

Before you look at the extraordinary chart below, ask yourself - if you could go back to any point in history and buy any one thing, what would you choose? One good option would be a famous relic. Find the Buddha, Mohammed, Cleopatra or Shakespeare, and swipe something from their house or cut off a lock of hair. That kind of thing will always be highly prized. It’s difficult to prove the authenticity of such artifacts, though, and they tend to wither over time. Perhaps you...