Altcoin Sidekick: Recent Episodes
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If you want to invest not over the next hour, day, week, or month, enjoying the benefits of a short-term pop in price, history suggests those who understand the drivers of long term trends, detecting societal shifts whose effect will last not a month or two but years, hold an advantage.
In an era dominated by fake news, in an age where the general public is rapidly losing faith in their governments, and in an environment of rising populist thinking, something needs to be done. A solution needs to be found — the only question is: Are blockchains the solution?
As Bitcoin approaches a fibonacci 38.2 retracement, a level closely watched by technical analysts, let’s talk about the drivers behind long term trends.
FinTech banks are disrupting traditional banks, but what if you want to move your money into a cryptocurrency asset? If you sweep your funds into a cryptocurrency account, what cryptocurrency are you going to use to hold your funds?
What if there was a way where you could move your fiat currency into a cryptocurrency exchange, transferring from US dollars, euros or Japanese yen, to a stable coin equivalent?
With debt levels at record highs, the likelihood of a massive shakeup of the financial system increases. As consumers own higher levels of debt than ever before the likelihood of a six sigma event increases. Out of a future crisis, will blockchain technology emerge like banking, bonds, and stocks, as the fourth great invention of finance?
The tendency for the worst news to coincide with the end of a down move and the best news to coincide with the end of an up move has, like the slope of hope and the wall of worry, been turned into a handy aphorism.
It shows up in the stock market, the forex market, the bond market, in fact, all liquid financial markets, including cryptocurrencies, exhibit this behaviour - even real estate.
Maybe, you just intuitively understand the role cryptocurrencies and blockchains will play in the future, but in the absence of engineering or tech skills, and, if you're not a futurist savant, where do you start?