Bitcoin embodies Schumpeterian creative destruction. Bitcoin also behaves like a physical natural resource, with unique differences that make it a driving force for effecting fundamental change, much like gold, oil or electricity has done. Bitcoin goes through periodic cycles of varying lengths that inspire a creative rejuvenation of its ecosystem with new ideas and… Read More »
We’ve been keeping track of Weimar signs in this rag since April of last year when it became evident that we were headed into an extended lockdown that included artificially restricted economic activity and money printing. Yesterday’s rag was an example of a Weimar sign because it highlights the fact that the administration currently… Read More »
The United States has always been the global financial leader in my lifetime. But at the moment, government leaders are missing an opportunity to empower Americans to utilize digital currencies. Our incomprehensible unwillingness to embrace digital currency puts our mantle of leadership at risk. Bitcoin, in particular, is primed to become the premier currency… Read More »
Cryptocurrency whale activity is usually associated with big price movements, particularly when whale transfers are taking place between an external wallet and an exchange. There are many whale alert tools which market participants monitor to gain insights into what’s happening in the market. A whale that transfers large amounts of BTC to an exchange… Read More »
Cryptocurrency whale activity is usually associated with big price movements, particularly when whale transfers are taking place between an external wallet and an exchange. There are many whale alert tools which market participants monitor to gain insights into what’s happening in the market. A whale that transfers large amounts of BTC to an exchange… Read More »
The Bitcoin market has tip-toed into “extreme fear” territory as the Federal Reserve prepares to meet Wednesday to decide its next move regarding interest rate and quantitative easing policies. BTC is trading at around $48,000 at the time of writing, nearly 30% below its November all-time high of $69,000. The Fear and Greed Index… Read More »
The market leaders among German financial institutions are reportedly working on a bitcoin trading feature, which could launch in 2022. The Sparkassen are centuries-old regional institutions with about 370 branches and 50 million customers. The offering would cut down intermediaries and enable Sparkasse customers to trade BTC from their checking accounts. Sparkasse, a German savings… Read More »
There’s been much discussion surrounding the question of determining whether or not Bitcoin is a religion. To truly understand the depth of this question, we must discuss belief, religion, organization, and dogma. Let’s answer this question beginning with a linguistic lens, and then continue through a philosophical discussion. WHAT IS RELIGION? This seems a simple… Read More »
Your Demo Orders are Always Executed You do not have liquidity problems, and Forex brokers rarely requote prices, in demo accounts. However, live trading answers to real counterparties and if you want to sell a position, there must be a buyer. Sometimes, liquidity is tight, and brokers are forced to requote prices. Execution Speed… Read More »
Understanding Bitcoin Halving To explain what a Bitcoin halving is, we must first understand a bit about how the Bitcoin network operates. Bitcoin’s underlying technology, blockchain, basically consists of a collection of computers (or nodes) that run Bitcoin’s software and contain a partial or complete history of transactions occurring on its network. Each full node,… Read More »