Best of the Week
Most Popular
1. Climate Change Mass Extinction - Birds, Bees and Bugs: Going Going Gone - Richard_Mills
2.A Purrrfect Gold Price Setup! - Peter_Degraaf
3.Who Finances America's Borrowing? Recession Indicator for Independent Thinkers Part 2 - F_F_Wiley
4.America’s One-sided Domestic Financial War - Raymond_Matison
5.Gold Price Summer Doldrums - Zeal_LLC
6.Two Key Events Will Unleash Gold - Jim_Willie_CB
7.Billionaire Schools Teacher in NAFTA Trade Talks - Richard_Mills
8.Get Out Of Crypto Cannabis Bubble Before It Pops and Move Into Bargain Basement Miners - Jeb_Handwerger
9.Stock Market Could Pullback for 1-2 weeks, But Medium Term Bullish - Troy_Bombardia
10.G7 Chaos, Central Banks and US Fed Will Drive Stock Prices This Week - Chris_Vermeulen
Last 7 days
Financial Markets Analysis and Trend Forecasts 2018 - A Message from Nadeem Walayat - 21st Jun 18
SPX Bouncing Above Support - 21st Jun 18
Things You Need To Know If You Want To Invest In Bitcoin Now - 21st Jun 18
The NASDAQ’s Outperformance vs. the Dow is Very Bullish - 21st Jun 18
Warning All Investors: Global Stock Market Are Shifting Away From US Price Correlation - 20th Jun 18
Gold GLD ETF Update… Breakdown ? - 20th Jun 18
Short-term Turnaround in Bitcoin Might Not Be What You Think - 19th Jun 18
Stock Market’s Short Term Downside Will be Limited - 19th Jun 18
Natural Gas Setup for 32% Move in UGAZ Fund - 19th Jun 18
Magnus Collective To Empower Automation And Artificial Intelligence - 19th Jun 18
Trump A Bull in a China Shop - 19th Jun 18
Minor Car Accident! What Happens After You Report Your Accident to Your Insurer - 19th Jun 18
US Majors Flush Out A Major Pivot Low and What’s Next - 18th Jun 18
Cocoa Commodities Trading Analysis - 18th Jun 18
Stock Market Consolidating in an Uptrend - 18th Jun 18
Russell Has Gone Up 7 Weeks in a Row. EXTREMELY Bullish for Stocks - 18th Jun 18
What Happens Next to Stocks when Tech Massively Outperforms Utilities and Consumer Staples - 18th Jun 18
The Trillion Dollar Market You’ve Never Heard Of - 18th Jun 18
The Corruption of Capitalism - 17th Jun 18
North Korea, Trade Wars, Precious Metals and Bitcoin - 17th Jun 18
Climate Change and Fish Stocks – Burning Oxygen! - 17th Jun 18
A $1,180 Ticket to NEW Trading Opportunities, FREE! - 16th Jun 18
Gold Bullish on Fed Interest Rate Hike - 16th Jun 18
Respite for Bitcoin Traders Might Be Deceptive - 16th Jun 18
The Euro Crashed Yesterday. Bearish for Euro and Bullish for USD - 15th Jun 18
Inflation Trade, in Progress Since Gold Kicked it Off - 15th Jun 18
Can Saudi Arabia Prevent The Next Oil Shock? - 15th Jun 18
The Biggest Online Gambling Companies - 15th Jun 18
Powell's Excess Reserve Change and Gold - 15th Jun 18
Is This a Big Sign of a Big Stock Market Turn? - 15th Jun 18
Will Italy Sink the EU and Boost Gold? - 15th Jun 18
Bumper Crash! Land Rover Discovery Sport vs Audi - 15th Jun 18
Stock Market Topping Pattern or Just Pause Before Going Higher? - 14th Jun 18
Is the ECB Ending QE a Good Thing? Markets Think So - 14th Jun 18
Yield Curve Continues to Flatten. A Bullish Sign for the Stock Market - 14th Jun 18
How Online Gambling has Impacted the Economy - 14th Jun 18
Crude Oil Price Targeting $58 ppb Before Finding Support - 14th Jun 18
Stock Market Near Another Top? - 14th Jun 18
Thorpe Park REAL Walking Dead Living Nightmare Zombie Car Park Ride Experience! - 14th Jun 18

Market Oracle FREE Newsletter

5 "Tells" that the Stock Markets Are About to Reverse

Crypto Craziness: Bitcoin Plunges on Fork Concerns, Steem Skyrockets and Dash Surges Above $100

Currencies / Bitcoin Mar 19, 2017 - 04:34 AM GMT

By: Jeff_Berwick

Currencies

The last month has not helped bitcoin’s reputation as being a volatile currency.

A month ago bitcoin was trading near $1,000. Two weeks later it sat on the cusp of $1,300. Then, after the SEC turned down a bitcoin ETF, it sank below $1,000 briefly a week ago.


Since then it climbed above $1,250. And, in the last three days, has given up all those gains and is currently below $1,000 yet again.

What happened this time?

The biggest reason appears to be concern about a possible bitcoin hard fork.

For those not used to cryptocurrencies, that means a large amount of the users of the currency may split the blockchain and create their own chain… which will leave many, afterwards, having to choose between two different versions of bitcoin.

We warned TDV subscribers that this was the biggest risk we saw to bitcoin a few months ago and it has now come to fruition.

For this reason, I am interviewing one of the biggest names in bitcoin, Trace Mayer, right after this blog is released. It will be released as soon as we can on The Dollar Vigilante Youtube channel here (make sure to subscribe to the channel to ensure you see it as soon as it is out).

Trace is about as connected in bitcoin as anyone I know… in fact, he is my pick for actually being Satoshi Nakamoto. So you won’t want to miss this interview… it could move the market dramatically.

Then, as soon as I am done with Trace, I am interviewing the Bitcoin Jesus, Roger Ver. That interview will be put on Anarchast’s Youtube Channel here (so make sure to subscribe so you don’t miss it).

Roger Ver is the largest proponent of Bitcoin Unlimited and is the one who appears to be forcing this fork issue forward. So, we’ll be talking to him about what he is doing and what might happen next.

DASH & ETHEREUM AT ALL-TIME HIGHS

We have featured very few altcoins to TDV subscribers but two of the ones we have featured are at all-time highs.

We featured Ethereum about one year ago when it was near $2. It is currently over $40.

And, we featured Dash less than a month ago near $17 and it has skyrocketed and is over $120 currently.

 

None of these things is happening in a vacuum. Many people, worried about a bitcoin hard fork, have swapped out of bitcoin and, of course not wanting to go into a currency that funds terrorism, like the US dollar, they have been switching for other cryptocurrencies like Ethereum and Dash.

To find out what might happen next make sure to check out my interviews with Trace Mayer and Roger Ver in the next 1-2 days and subscribe to the TDV newsletter (subscribe here) to always get the best information on cryptocurrencies.

STEEM SKYROCKETS 200%+

One other cryptocurrency that we featured to subscribers last year is Steem. I warned that it was going to be very, very speculative, but an interesting speculation when it neared $0.20.

It since had sunk as low as $0.07 but then a few days ago, Dan Larimer, one of the co-founders of Steemit, announced his resignation.

The timing was interesting because Steem announced a new powerdown schedule nearly 14 weeks ago and it meant, and some speculated, that it would put extreme pressure on the Steem currency for 13 weeks (the length of the new powerdown).

That looks like it may have come true because Steem skyrocketed in the last few days and is up over 200% in the last 24 hours alone to over $0.33.

I don’t expect it will stay at these high levels for too long… but this is a massive increase in just a few days for Steem and something to take note of.

CRYPTO CRAZINESS

As you can see, the cryptocurrency market is wild and crazy as you’d expect a brand new sector to be. And, also as you can see, massive gains can be had. We even featured bitcoin at $3 in 2011 so we have made many of our subscribers fortunes.

To find out more about cryptocurrencies and make sure you get all the best information on the space from the financial newsletter who has covered it since 2011 click here.

Yes, cryptocurrencies are volatile. But they also have the potential to make fortunes. And, by using cryptocurrencies you are not abetting or aiding war, terrorism or drug smuggling like those who use US dollars do.

Not that there is anything wrong with drug smuggling. But, that’s a topic for another day.

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2017 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules