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Putin Strongarms Trump on Crypto Currency

This move could enable Russia to give up using the US dollar to trade crude oil, using crypto currencies instead. The US sanctions have damaged Russia’s oil trade in a devastating fashion, as oil is usually traded in the US dollar format.   This is where cryptocurrencies such as the bitcoin could lessen the dependency on the dollar, which will allow countries such as Russia to grow despite these sanctions. In a research note seen by CNBC, he said: “The advent of cryptocurrencies represents a fresh catalyst for commodity-producing countries wishing to abandon the dollar as a means of payment...

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The Ultimate Retirement Plan: Buy 4 Bitcoins & Retire In A Year Plus Be A Millionaire in 5 Years.

Do you ever wish you could get up when you wanted, go for a round of golf and never listen to a moron boss ever again. Well this might just be up your street. Now I know I will receive plenty of negative comments about this but I have done the figures and worked out just 100% increase per year is enough to give you a $30,000 income per year and make you a Millionaire in just 5 years. Ok, it does sound a bit far-fetched but Bitcoin is up 1400% this year alone so a 100% increase year on...

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Annoyance As Bitcoin Price Between Exchanges Grows

Last week Bitcoin hit record highs, filling headlines everywhere. However; the high price might not be what it seems, thanks to the growing price gap on exchanges.   On Thursday, Bitcoin traded above $19,000 on the GDAX exchange, run by Coinbase, but on other platforms, it was trading at $15,000. This is a huge difference, and it is easy to see why people are getting frustrated with the news. Unfortunately, this is nothing new when it comes to Bitcoin, however, there can be no denial that this gap seems to be getting worse.   So, just what impact does this have on...

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Machiavellian Wall Street vs Main Street

Many have questioned the rally by crypto assets this year, the media and much of the financial community remained sceptical and compared the monumental growth in values to past market bubbles, and in some cases to ponzi schemes. Main street remained defiant and defended the legitimacy of coins with fury and every market crash was seemingly followed by a rally more powerful than before. In the end, Wall Street has somewhat surrendered and in mere days, the CME will finally launch Bitcoin Futures. Will this be the end of Bitcoin as we know it? Since now there will be an...

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Will XBT futures trigger a collapse or a parabolic rise?

Why the recent move? Many have speculated, including the author, that the futures market has been given a seal of approval by Bitcoin which has caused a parabolic rise in price. The question is what happens next? December 17-18 The CME and CBOE plan to launch futures on or around December 18. According to some of the press releases: Block Trades will be permitted in XBT futures commencing on Sunday, December 17, 2017 at 5:00 p.m Chicago time and are not permitted prior to that time. The minimum Block Trade quantity for the XBT futures contract is 50 contracts if...

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