Articles About Cryptocurrencies
Bitcoin tanked again yesterday.
After flirting around the $7,000 mark, the cryptocurrency dropped 6% in about two hours yesterday morning – and has hovered around $6,750 since then.
Of course, plenty of crypto naysayers say it’s yet another sign of Bitcoin’s eventual demise.
However, most analysts blamed the drop on folks selling their Bitcoin in order to pay the taxes on all the crypto gains they made last year – and said to expect more of that through April 17.
Plus… here’s the thing: The smartest money in the world continues to plow money into cryptos.
According to Bloomberg, George Soros’ investment fund is preparing to dive into cryptocurrency trading. Fortune reports that Venrock – the Rockefeller family’s venture capital fund – is partnering with a cryptocurrency investment firm. And that’s following the Rothschild family’s move into the Grayscale Bitcoin Trust late last year.
All that’s encouraging.
Even more encouraging is the massive system upgrade to Bitcoin that’s expected to make the crypto as day-to-day useful as cash.
That technological twist alone could drive the e-currency’s price thousands of percent higher. (And I’ll tell you more about it – and show you how you could cash in – in a minute.)
But first, I want to tell you about a paper I read last week from a politician.
Wait – don’t close this email yet…
You see, after I read it, I almost couldn’t believe my eyes.
Here’s an aspiring governor who’s not afraid to lay out his support for cryptocurrencies and blockchain technology even amid the big selloff we’ve been seeing.
In the paper, he demonstrated how he wants his state to use and/or back these technologies in a number of super-smart ways.
His stance here is yet another sign of the mainstream adoption of cryptocurrencies and blockchain.
And of the massive profits sure to head your way if you invest now, before their growth really takes off.
Now, let’s meet Alec Ross…
Back in February 2016, I recommended that you all buy Bitcoin as a hedge – as “The Gold of Tech.”
Those of you who moved on that recommendation made peak profits on the cryptocurrency of more than 5,000% in mid-December. But it’s been a bit of a wild ride since then, with every bit of “noise” sending Bitcoin down 10% or so, and then the next day’s “signal” bringing it right back up.
Just check out what happened while we were all sleeping Sunday night.
Most of the major digital currencies fell pretty hard – Bitcoin, 15% – after South Korea announced that it is cracking down on crypto speculation and launching an investigation into six banks. Seoul wants to make sure these banks are following anti-money laundering regulations – and, most likely, not allowing North Korea to trade cryptos.
I’ve long predicted that the world’s major economies will do all they can to get a handle on cryptos – and that each time they make a move like this, we’ll see a slide.
But digital currencies are here to stay. And they’ll keep coming back – and keep making smart investors money.
In other words, don’t panic.
While this is a very lucrative field, it’s volatile. Therefore, to profit in this exciting new arena against that turbulence, you need a savvy set of tools.
You want to be able to put in lowball limit orders to profit from selloffs. And you’ll need stop-losses to protect your capital and profits.
There’s only one way to do that…
The road to wealth is paved by tech (along with cryptocurrencies and legal marijuana). I know it. And I hope you know it. If you still have doubts, however, keep reading... Yes, the S&P 500 had a great 2017, rising some 19.4% and...
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When we spoke Dec. 19, I warned you to be careful about getting into Bitcoin as we head into 2018.
No, I’m not pessimistic about cryptocurrencies in general or Bitcoin in particular. In fact, just the opposite is true – I firmly believe these e-currencies are the wave of the future and still face huge upside.
My concern is for individual investors like you. At the time, Bitcoin had literally just hit the futures markets for the first time ever. And Wall Street traders, hedge funds, and other high rollers were sharpening their knives – setting Bitcoin up for massive volatility.
My call couldn’t have been timelier.
Practically as I hit “send” on that report, Bitcoin fell $1,070 in a day. Not only that, but it weakened over the next few days, falling from a high of roughly $20,000 to $12,500. That’s a 37.5% peak-to-trough loss.
As I write this on Wednesday, Dec. 27, Bitcoin has swung back up to around $16,000.
For you Bitcoin veterans out there, that kind of swing is pretty normal. You folks can handle it. But for new investors, that type of volatility is hard to swallow.
So, what I want to tell you today may sound a bit counterintuitive. But here we go…
Please don’t cash out of Bitcoin completely.
If you do that, you’ll miss out on the hard forks.
If you set yourself up correctly, these Bitcoin spin-offs could mean gains for you of several hundred percent.
Here’s how to do that…
I’ve been doing the Christmas party rounds over the past few weeks, and at every single one I’ve had this same conversation.
Someone asks me about Bitcoin.
I explain what it is… how it works… why it’s run up 1,500% this year alone… the works.
Then I brag a little.
As the crowd of “Bitcoin curious” gathers, I tell them how I began talking with my Nova-X Report members about how big Bitcoin was going to become way back in early 2013. At the time, the encrypted digital currency was trading for roughly $100. By the end of the year, the price had topped $1,200 – for a 1,100% gain in just a few months.
As I write this Wednesday morning, Bitcoin stands at around 170 times what I recommended it at, meaning those followers of mine have stacked up gains of around 16,900%.
I tell them they’d be hard pressed to find a bigger Bitcoin bull than me. And I tell them to use their best judgment to take some profits – but to hold onto a good chunk of their Bitcoin. (I’ll tell you why in an upcoming report here.)
Then I tell them not to buy any more – at least not right now.
Here’s the thing. At least two Wall Street outfits are setting up Bitcoin futures markets.
And that means hedge funds, short sellers, and other assorted bad actors are getting unleashed on the Bitcoin market.
Plus, Bitcoin owners have seen the value of their holdings swing by $1,000 or more over the last few weeks. I don’t want any rookie investors walking into that kind of volatility.
However, as we enter 2018, there’s another digital currency out there that offers investors much less volatility and much more upside.
With everyone from your broker and golf partner to your barber and dentist talking about Bitcoin, you may have completely missed the fact that this crytpo coin has tripled Bitcoin’s gains so far this year.
It costs a lot less than Bitcoin.
Thanks to its high-level security protocols, it has far more utility to investors, banks, and tech companies.
And it’s set up to continue delivering huge profits in 2018.
Check it out…
As I noted during our May 30 chat, the 49,000% gain for Amazon.com Inc. (Nasdaq: AMZN) from the time it went public made it the most successful stock in decades.
That amazing rise shows the power of our tech-centric economy.
Today, I want to talk to you about an investment that’s quickly giving Amazon a run for its money… in a fraction of the time.
It’s not a stock, but it is an investment I personally recommended.
Almost no one on Wall Street or in the financial press believed in the cryptocurrency Bitcoin back in 2013. At the time, Bitcoin was subject of a steady stream of negative stories.
Almost of all of it had one basic – yet incorrect – premise: that Bitcoin was a passing fad that was bound to hurt investors.
But had you bought Bitcoin back when I first talked about it, holding through its many ups and downs, you could have made peak gains of 2,850% in just 4.5 years.
That’s why I’m so excited to tell you about this new breakout technology…