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Up In A Down Market

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.

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.

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.

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.

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.

Just for fun, here’s a call on SPY.

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.

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Enjoying A Crypto Melt Up

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.

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Everyone is a Bitcoin Expert

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)

Nov 7 2016 Calling the $1,000 roll when Bitcoin passed $750

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?

 

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10 reasons Trump will win

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.

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Everyone remain calm

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?

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Whales Welcome at Winklevoss Bitcoin Exchange

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.

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An $AAPL a day will make you gay

$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.

sharpchartv05-1

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$ILMN – feeling lucky?

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?

sharpchartv05

And here’s another look with different timeframe:

slack-imgs-com

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Monero on a roll

Monero, the privacy focused cryptocurrency, punched the mustache off all bearshitters this past month going from $2.5 to ~$13.5 and it’s still running.

Unlike Bitcoin, which keeps all transactions on a public ledger, Monero transactions are not traceable. Monero provides a layer of anonymity not available with other cryptocurrencies.

The bump in Bitcoin from $575 to $600 may have been the result of Monero holders moving profits to Bitcoin.

The Monero top is not in yet but once it is there will be a fall to earth. Nothing goes straight up forever.

Screen Shot 2016-09-05 at 6.46.57 PM

 

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$HUBS vs $CRM

In  the cagematch of the 800lb gorilla $CRM vs the upstart $HUBS I am keeping my eye on $HUBS.

Hubspot released a CRM to complement their industry leading inbound marketing software. And then they made that CRM free. Smart, very smart.

This move by HUBS is a 1+1 = 3 scenario.

HUBS and CRM are not direct competitors in most cases, however they have tracked each other until recently. HUBS is near it’s all time high. I believe the street is starting to wake up to Hubspot’s potential to move up market.

Screen Shot 2016-09-04 at 4.07.14 PM

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