Category Archives: FOREX

The Speed of Lite

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If it weren’t for cryptos, I wouldn’t have anything to talk about. Because, Jesus Tap-Dancing Christ, the completely-rigged, utterly-controlled equity markets have become as boring as the director’s cut of a Janet Yellen sex tape.

Having said that, it’s refreshing to see charts which actually act like charts, such as LiteCoin (which seems due for a breather right about now):

slopechart_$LTC (2)

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Measuring the Mania

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It seems everyone is talking about Bitcoin these days. On ZeroHedge, I’d say easily half the articles are crypto-related. And why not? The equity market has become a bore. How much can you say about a market which basically goes up about half a percent day after day until the end of time? I’ve anchored my life to discussing equity markets, God help me, so having something that actually moves up AND down is exciting and novel after the past eight years.

Of course, daring to predict ANYTHING about cryptos is a fool’s errand. Just a few months ago, a Bitcoin trader and “expert” offered up this prediction for the second half of the year:

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A Good First Outing

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The big talk in the financial world is, of course, the launch of Bitcoin futures. The CBOE site faced the embarrassment of going down within minutes of the launch on Sunday, but in general, Bitcoin continues to feel the wind at its back. At one point this weekend, it was a full 25% off its peak (a rather sharp fall for such a short amount of time), but it’s fairly near its highs now. Next weekend, the CME joins the party and launches their own futures. The chart below is intraday, and although $BTC has recovered powerfully, it seems to be having trouble getting past around the $17,000 mark.

slopechart_$BTC

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