Digital currencies such as Bitcoin, Ethereum, Litecoin, & Ripple, are at the forefront of the digital currency revolution. These high flying Cryptos have brought extensive media coverage. Blockchain technology and Smart Contracts are the future of currency and moving money around the world. Skeptics are being converted every day due to the growing momentum of this revolutionary market. People have grown weary of the current banking system which has not evolved much in hundreds of years. As soon as governmental bodies around the world figure out how to handle Cryptocurrencies, Cryptos will move toward becoming mainstream and will gain mass acceptance. The question is not if they will be accepted, the question is when.
Cryptocurrency investors need to learn how financial markets operate so that they can develop investment and income generating strategies that will last a lifetime. They need to focus on risk management and employing sound investing principles. The profit potential is great for savvy investors who properly assess risk.
As Smart Money brings huge amounts of capital into the Cryptocurrency markets they will expect a return on their investment. They have their own business model and the way they will do business in Cryptos will mirror the way they operate in other financial markets. They manipulate the price up and down in rotations, buying low as price falls and selling and shorting high as price rises. Smart Money has two huge advantages over Retail investors. They have massive amounts of capital which amplify their profits, and they have inside information and financial clout to wait until conditions are ideal for them to enter and exit the market (time). Retail investors have limited capital and they operate on short time frames. Retail investors always get caught in Smart Money traps, often buying in near the top at the high print and selling near the bottom at the low print. Smart Money are experts at disguising their activities and getting investors to buy and sell when it suits them.
Tracking Smart Money and cycling into their rotations is a skill that can be learned by anyone who is willing to put in the time and effort to understand how these markets work. Retail traders need to to learn how these big players operate, track their activity, and trade with them. Buy when they buy and sell when they sell. There is no other way to profit in these markets.
The Cryptocurrency market is in it's infancy. Moving forward there will be unlimited opportunities for experienced investors to profit over time using sound and prudent methods. Those who invest with a plan always outperform the short sighted investors who operate on emotion and let greed and fear overwhelm logical thinking.
Crypto Blog 2/4/18-Bitcoin fell below $8,000 today. Our original downside target was $2,000 from the all time high in the $20,000's. We do not have a crystal ball but we know that Smart Money is doing everything it can to dump the price of Bitcoin as low as possible so they can buy a huge quantity at a discount. They already control the futures markets and any exchanges where Bitcoin can be easily sold or shorted. Most exchanges were focusing on funneling the buying public in as fast as possible as the price was rising in 2017 from $1,000 to over $20,000. Exchanges such as Coinbase have made huge profits on fees just signing up Hodlers. Now it's time for the downside. Smart Money buys in stages over time during down moves as the price moves lower. When the final bottom is in the price will stabilize and start to range higher.
Crypto Blog 2/5/18-Bitcoin continues to slide @ $7,660 this morning with the headlines "Lloyd's Bank Blocks Bitcoin purchases with it's credit cards." Additional headlines are that Ebay will drop Paypal as it's main payment method and potentially adopt Bitcoin. Apparently Ebay is going after the Hodling millenial market. All of this confusing news serves the interests of Smart Money at the expense of the Retail investor or trader. Smart Money always extends price beyond what is expected and this serves their business model. Get those who are on the trend out by slowing momentum, and get the majority of late traders in the wrong way before the reversal happens. The new investors getting in the other way are being set up for the next whipsaw where they will eventually be on the losing end. This is a percentage game. A numbers game. Nothing more than income versus expense. Would you spend $100,000,000 if you knew you were going to make $500,000,000?
Crypto Blog 2/10/18-Volatility has returned to the financial markets. Stock markets around the world have moved to the downside as Smart Money finally turned on their sell side algorithms. The beginning of the move to the downside has finally gotten under way. The "Big Top" is officially a "Work in Progress."
The headlines for Cryptocurrencies has been negative. This common Smart Money tactic will get weakholders to sell into their strong and well capitalized hands. Lower prices would not be unexpected. Smart Money never pay Retail for anything. Smart Money buys as the price is falling. They buy low and sell high.
Crypto Blog 2/17/18-Bitcoin has moved up to $10,875. Most altcoins have gained some traction as Bitcoin heads up. An unknown trader placed a $400,000,000 buy order in Bitcoin and this has buoyed the market.
Ethereum has risen to $975.
News coming out of most major outlets continues to be mixed. Some major banks have refused to let their customers charge Bitcoin purchases, Fidelity Investments has stopped it's clients from purchasing shares in a losing VIX index fund, and other news has major players starting to put their resources into Cryptocurrencies and Smart Contracts.
Crypto Blog 2/19/18-Bitcoin has inched up to $10,938. Ethereum is at $951, with resistance overhead at $1,000.
The Crypto gold rush is still on pause as investors and traders reevaluate their investments. Smart Money still has a grip on the Crypto market. Many investors and traders are on the sidelines waiting for volatility to start ramping up one way or another.
Crypto Blog 2/22/18-Bitcoin is sliding at $10,200, Ethereum is soft at $840. Still waiting for volatility to announce it's presence. Stock markets are ranging around the world. US Fed hints towards strong economy and further interest rate raises at FOMC release yesterday.