For those interested in a clear headed summary of the Kleiman vs Wright lawsuit.Comments »
Good Thursday to you all, even the haters.
As a follow up to Allow Myself to Defend Myself….
This is another BSV focused Op-Ed. Please direct all complaints to flybroker AT gmail dot com
Today I have been introduced to yet another peak at the future running exclusively on BSV. It’s called baemail and it’s a BSV web email client that inscribes emails on the BSV blockchain for a fee.
I’m not going to describe the screenshot, should be self explanatory. A few years ago a company called 21co attempted a similar project and was blessed immediately with a huge valuation. Their promise was to protect your email inbox from spam by requiring others to pay small fees to email you. Less than a year later they completely changed their business plan to be earn.com and sold their user’s emails database to the highest bidder (That last part may not be true, just my assumption based on their about face and money problems). But I digress.
What do I think of baemail? I think it’s basic. Has no chance of massive adoption. Likely to fail. That’s not what’s important here. Follow along.
Another interesting project: weiblock.app This is the Chinese clone of twetch.app. Basically a Twitter clone where every action is a microtransaction on BSV. A BSV powered social media platform focused on Chinese market is pretty huge. In all likelihood it will fail but the lessons here are important.
You have to have perspective. These are exciting times.
Over time the more of these projects the better. Iterations are key. Look at how many dotcoms failed. Most of them.
The dotcoms that succeeded have made the Internet the behemoth that it is today.
BSV is the future. Weiblock, Twetch, Paymail, Moneybutton etc are all in the infancy stage of the next generation Internet.
It’s called MetaNet and within a few years businesses will be adapting to run on top of MetaNet. MetaNet runs on top of BSV.
Also, FYI, I am from the fucking future.
Let the hatemail flow.Comments »
BSV is ripping higher breaking $100 again and approaching previous local highs. If $120 is taken out next target is $160. This is in a crypto market that is being slaughtered. As I’ve been posting for a few weeks it’s BSV or nothing. I expect the entire crypto market cap to be rolled up into BSV. If not, Crypto is dead.
We have begun the endgame now.
Here’s some calls I made on Twitter and other random highlights:
There’s been a battle between BSV and BAB both of which were born during the hashwar over BCH. Here’s the “Mission Accomplished” BAB moment where they declared victory November 15. Since then BSV has passed BAB in price.
Andreas Brekken discussing the steps taken by ABC and how they won the hash war in 45 minutes.
Too early to tell but it looks like ABC is being punished for this move right now. https://t.co/y1zz4IiRy5
— Coinspeak (@coinspeak_io) December 6, 2018
To add insult to injury, there is now a lawsuit announced to sue several companies and individuals for the actions described in this video. I don’t think the lawsuit will go very far but it’s definitely a pain for those named.
.65 BSVBSB is breached. It's not ideal circumstances as one is falling faster than another but I believe parity will be reached soon. pic.twitter.com/wJ1qyPLWi6
— Coinspeak (@coinspeak_io) December 6, 2018
Update: TRUE. BSV broke out at .65 and is now > BAB. 70% gain in < 2 days once .65 was broken. Chart below:
Thread below comparing dot com to crypto. I have survived both. This capitulation is a recalibration. This is when you can make real money.
When dot coms crashed smart people looked at what there was to learn from the mania and reallocated to future looking companies.
Those who held onto "leaders" or failed to recalibrate watched as they never regained their former glory while Internet 2.0 rose from the ashes.
— Coinspeak (@coinspeak_io) December 4, 2018
Excellent podcast where Daniel Krawisz corrects the hosts many times as to how Bitcoin works.
Below is a video by Hayden Otto who runs a site called Coinspice. He’s been pro BAB from the start. If you followed his advice 14 days ago you are down over 83%. In an earlier blog post on iBC I recommended doing the opposite. I hope you listened to me and not Hayden.
If you followed the instructions to "dump your SV" because of the "SV cultists" you are down 72% in 14 days.
Maybe consider investing based on personalities is not the best "CryptoStratz". https://t.co/WgegTFBWm4
— Coinspeak (@coinspeak_io) December 6, 2018
Throwback to CNBC covering Bitcoin breaking $100 in 2013. This is Bitcoin’s “what is internet” moment. Bitcoin is breaking above $100 again under BSV. This is a gift.
Five years later Bitcoin crosses $100 again. This is your chance.https://t.co/bDkorn4P8e
— Coinspeak (@coinspeak_io) December 2, 2018
Just for fun, here’s a call on SPY.
Zooming out a bit that 50% retrace takes SPY to the highs before the 2009 crisis. All those easy money gains erased. 50% is not a difficult call. The big question is will it stop there? pic.twitter.com/Q0iEahdf7z
— Coinspeak (@coinspeak_io) December 6, 2018
How do I survive these forks? How does it work that BSV is at $100 and I’m happy about it. When BCH split from BTC I sold my BTC for BCH at 10:1 ratio. When BSV and BCH split I sold BAB for BSV at 4:1 ratio. So while the price is at $100 I have 40x as many coins. If we have a bull run in BSV …well, you get the idea.
BSV investing is like the quote below. One by one men will recover their senses.
"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one."
-Extraordinary Popular Delusions and the Madness of Crowds
— Coinspeak (@coinspeak_io) December 7, 2018
Things are good in Crypto land. I’ve managed a return that would shame billion dollar money managers for their entire career in the past two weeks. I’ve enjoyed egregious gains and catastrophic drawdowns since my first Bitcoin purchase at $13. It’s been a wild ride. Were I not in early enough and had weathered the dot com collapse I may not have made it this far. Truth be told, I was built for this.
Feel free to ignore the 80% drawdown suffered from the highs in December, that’s just going to be a speed bump on the chart in 2020. Perspective gentlemen. Don’t ever lose it.
I am watching in awe as EOS FOMOs out of control. Up 27% in 24 hours. It’s beautiful. Let’s look a little deeper.
I have been an EOS holder since day one back in summer of 2017. I weathered that nasty downturn to ~50 cents on an ill conceived FOMO buy over $3.00. Now I am sitting on a stack of vaporware tokens valued at over $14.50. These are amazing times we live in. Let’s call it a 4x gain in a year for easy math purposes.
What to do now? Well, taking profit here seems a no brainer. Take the money and run! If I’ve learned anything it’s that GREED ruins my portfolio more than anything else. It’s the bane of my existence. My personal kryptonite. And EOS is due for a pullback.
Truth be told I understand EOS even less now than when I purchased it initially. It’s morphed into a beast. It’s promising high transaction speeds, a revamped ICO market, easy access to new projects with automatic airdrops and a governance system that addresses many flaws in other systems. It’s all from the brain of Dan Larimer who has an impressive list of accomplishments in Crypto projects.
So a profit here, while seemingly sane and prudent, may be the worst move. It may also mean suffering an intermediate 50% drawdown of course as gravity takes effect. No chart stays vertical. But if EOS does take over the ICO market, proves a fast/scalable platform for decentralized apps and shows the crypto world the way to implement a fair governance system then the EOS run of 2018 may make ETH look rather pedestrian by comparison.
In my risk/reward calculations it’s an easy choice. Greed is good.Comments »
Bitcoin breaks $15,000 and everyone is an expert. It’s amazing how that happens. I wonder where all these experts were when I recommended it last Summer. I look forward to you all sharing your wealth of information and insights based on the CNBC article you just read.
Moments ago I received a call from a friend saying he was introduced to a Crypto opportunity where he makes money whether the price goes up or down! Well that sounds amazing. I am deleting my blog and twitter asap and sending him all my money to manage.
So, here’s the list of posts you can read before I delete everything. Limited time only. The experts are here. I’ll just let them take me the rest of the way.
Sept 8 2016 Bitcoin vs Gold (BTC was $630 when this was posted)
Sept 19 2016 Man sells house for Litecoin (LTC was $4 then, it hit $200 today)
Dec 6 2016 – Final Warning to buy under $1000
I think you get the idea.
Fly has hinted at a Crypto Bootcamp. What do you guys think? Tell Fly if you want this or if you’re content to coast on the what Brian Kelley and Jim Cramer tell you. I’m just a guy who’s been publicly calling the shot for over a year, what the fuck do I know?
Elections are like Baseball. It only gets interesting when the playoffs start.
Here’s why Trump will win:
1) Russia. What the fuck are we doing? The voters are tired of the US being the world’s policeman. Trump may be a nut but he’s a nut focused inwardly on our problems vs ginning up some drama with Putin. Focusing inward is the best domestic and foreign policy by any POTUS or candidate in the past 30 years. Make America Great Again (except with less racism involved).
2) The Fed. Trump has called them out. He may crash western finance as we know it once in office but it was going to happen anyway. At least he’d be a POTUS dealing with reality vs fiction.
3) Trump is what he is. He’s a xenophobic billionaire womanizer. Who fucking cares. We all have flaws. He’s owned most of his crap and it’s only made him more relatable. It makes him trustworthy by comparison that his cards are on the table.
4) Polls showed Brexit would fail because it was impolite dinner conversation but when in the privacy of a voting booth people pulled the lever that was anti-establishment. I think we’ll see a lot of that in November and it’s not measured in pre election polls.
5) Trump will get more of the woman and minority vote than people are predicting. People are more willing to take the bad with the good than is estimated.
6) “Anything but this” syndrome. The public are so fed up they’ll take a sharp stick in the eye to avoid continuing to get reamed up the ass. The issues may not matter to them, they just want “different”. On some level they know they are voting for a revolution. Consider he’s the least worst candidate.
7) He’s a billionaire and yet he can still get more connected to Middle America than HRC, even if he’s tweeting ad hominem attacks from this gold toilet bowl at 3AM. You may not like what he’s saying but you can get why he’s saying it.
8) He’s survived more attacks than any candidate ever. He’s the fucking honey badger of POTUS election cycles.
9) Trump didn’t cheat Bernie Sanders out of his shot to be the nominee.
10) He’s an American success story. He may have had a leg up and acted like a dick but he’s a billionaire and that draws people in. It says nothing about him being suited for political office but a successful outsider appeals more than an ineffective career politician.Comments »
I was not worried about the European banking system until a European finance minister said to not worry. https://t.co/l2MjuUnS3r
— NassimNicholasTaleb (@nntaleb) September 29, 2016
When the Titanic hit the iceberg the Captain told everyone to remain calm while the wealthiest passengers were loaded onto lifeboats.
If (when) DB fails what happens next?
Bail out? Nationalization? Bankruptcy?Comments »
The Winklevoss Gemini Bitcoin Exchange daily auction went live this week.
This article highlights the benefits of their daily auction for Bitcoin to fill large orders without moving the price. It’s a place whales can feed in peace.
How Does Auction Work?
All eligible orders will be filled at the final auction price at 4:00 p.m. ET. The final auction price of each Auction is determined by finding the price at which the greatest aggregate buy demand and aggregate sell demand from all participating orders can be filled (i.e., the price at which the largest quantity can trade). The mechanics of this auction are very similar to the closing auction (or closing “cross”) on the major electronic U.S. stock exchanges (e.g., Nasdaq, NYSE Arca, Bats). For a more detailed discussion, please see Marketplace.
Buying large quantities of Bitcoin is often done off exchange but it requires connections. I am reading this auction as a way Whales can buy/sell Bitcoin without price slippage in a controlled and supposedly trusted environment.
It’s another feather in Bitcoin’s cap and potentially opens Bitcoin up to VERY deep pockets.
Side note: I hope they did their homework on security because this site will be a big target.Comments »
$AAPL broke ascending triple top triangle yesterday. (triangles are also gay)
I don’t believe this will stick. It’s iPhone hype. Still, noting a pattern on $AAPL is worth documenting. Let’s see how it plays out. What do you think?
The great thing about TA is it only deals with charts and doesn’t give a shit about my opinion, that was just extra sauce at no charge.
Here’s an interesting chart on $ILMN. A close above $176 is a quadruple top break. A close above 178 breaks resistance going back to January.
Do you feel lucky looking at this chart? Well, do ya?
And here’s another look with different timeframe: