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June 22nd, 2018- In This Issue:

  BITCOIN DOWN 8.5% @ $6,142

We so hate to sound like a broken record, but..... BUY THE DIP!!!

We believe the bear trend is about to be exhausted as the price has fallen almost 10% in the last 24 hours.

Without going into a long winded explanation of the technical aspects of the market, or dark forces hiding in the shadows trying fool you into selling your bitcoins right before the price skyrockets to new all time highs. 

We will only do what we can to implore you to add to your bitcoin holdings, now is another chance to capture bottom basement prices.
We don't know if this is the last chance, but it very well may be. 

For our clients that have checkbook LLC's, you can go directly to an exchange like GDAX, Coinbase's US exchange or any other to add coins now, you can even buy from a local ATM and use your LLC debit card. 

Our interest is not to drum up business for ourselves. We truly believe that over time bitcoin will be much much higher than it is today and by being the ones yelling from the roof tops that one day you'll remember and send us your business again.

We cannot possibly relay to you how much profit over time is awaiting those smart enough to place their faith in bitcoin, as we have..

Don't pass up these low low prices, whether they prove to be the absolute bottom or not no one knows for sure. What we feel is certain to happen over time is that bitcoin will once again test its all time highs. Whether that's 6 days from now, 6 weeks or even 6 years, the return from here will be huge.

The metals market has been dormant for years, and investors have moved funds to the crypto-currency markets as exhibited by the outflows going directly to bitcoin over the past 24 months.

The stock market is within a few hundred points of the highest level its ever been in history, this translates to being close to the highest level of risk ever in history.

All politics aside, this Government may be headed for a disaster, whether it be from the inside or out, their policies could at any moment cause a huge market sell-off.

Bitcoin stands to gain by any global financial turmoil, as bitcoin has firmly planted itself among investment strategies offering a safe port, a haven against financial collapse, an inflation hedge, and as this incredible new asset class that has captivated the attention of all the major financial markets as it is poised to become a mainstay of any well balanced financial portfolio.

Believe us when we tell you, you are ahead of the curve, an early investor and you are poised to realize incredible returns, both in the relative short term and as a foundational long term investment as well. WE THINK ��

As always, buy the dips, hold on to your bitcoins for as long as you can and spread the word. Tell your friends, your relatives and anyone else who will stand around long enough to listen about Bitcoins, believe me you will be doing them a huge favor.

Visit BitvestIRA for information on using your IRA to invest in bitcoin at 20% below spot price. Or call us directly with any questions at 1-844-BIT-VEST (1-844-248-8378)

Click Here To Watch our new Infomercial 

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Bitcoin's Volatility at Yearly Low, Signalling Bottom, Says President of Blue Line Futures

Bitcoin's volatility is now at its lowest level in more than a year, signalling a likely bottom, futures broker Bill Baruch said in an analysis for CNBC Monday, June 18.

The Blue Line Futures president noted that after the leading cryptocurrency lost as much as 70 percent in value since its  peak in December 2017, Bitcoin's ( BTC) decreased volatility is a signal that "selling has become exhausted":

"A bottom is a process not a price. Now that [Bitcoin's] price and volatility are back down to earth, this bottoming process can begin."

Baruch attributed Bitcoin's soaring value in December to the  launch  of
Bitcoin  futures  contracts on  CME  and  CBOE , with "tremendous speculation and the fear of missing out" causing prices in the cryptocurrency sector to "sky-rocket too quickly."

The subsequent sell-out has now "wiped out most, if not all, of the over-enthusiasm," he suggested, saying that in the near-term, a bottom would occur "more quickly and more constructively" if Bitcoin's recent low of $6,000 holds. Baruch qualified his analysis, however, by noting that Bitcoin's 100 week moving average is now down to $4,550.

The broker considered that Bitcoin's 6-month downtrend will remain intact until a close above $11,300, with a near-term downtrend holding if the currency closes above $8,500.

In the long-term, Baruch maintained "significant upside," and singled out $10,000 as is a "crucial line in the sand," going so far as to advise selling against it.

This month has seen a series of controversial discussions surrounding the impact of Bitcoin futures markets on the leading cryptocurrency's fortunes, with Fundstrat's Tom Lee attributing Bitcoin's "significant volatility" to the timing of CBOE futures contract expirations.

A much-discussed research paper released June 13 by academics at the University of Texas alleged that US dollar-backed cryptocurrency Tether (USDT) was being used as a shorting mechanism by institutional actors "to provide price support and manipulate...prices," artificially deflating the price of Bitcoin to maximize short-term returns on futures contracts.

Yet further reports have this month revealed  that the U.S. Commodity Futures Trading Commission (CFTC) has been probing major U.S. crypto exchanges as part of its own investigation into whether price manipulation might be compromising Bitcoin futures markets.

"Price Follows Hashrate": Max Keiser Believes Bitcoin is On the Way Up

Although the price of Bitcoin has been sliding for months, BTC's hashrate (the total computing power that a blockchain network uses to send and confirm transactions) is reaching astronomical rates. After increasing 15 percent in June, BTC's hashrate rose higher than it has ever been.

What could this mean? Some industry experts claim that a rise in hashrate indicates that a growing number of entities are choosing to invest in Bitcoin, despite the fact that its price remains low.

"Price follows hashrate," tweeted Max Keiser, journalist, and former Wall Street trader, adding that these words have been his mantra ever since the days that a single Bitcoin cost just $3. "New hardware is consistently being added to the #bitcoin network." It's not clear exactly when Keiser believes BTC's price will catch up to its hashrate.

Bitcoin's hash rate isn't the only aspect of the network that seems to indicate a bright future. According to a report from Bitcoinist, transaction fees and mempool size have improved, partially due to increasing adoption of SegWit ('Segrated Witness': a software upgrade for the BTC network that makes fees lower and transactions faster). In fact, Bitcoinist reported in May that nearly half of all Bitcoin transactions were made using SegWit.

The price of Bitcoin could also stand to benefit from the increasing adoption of the Lightning Network, a second-layer solution that makes transactions instantaneous and far less expensive. Since its implementation, its number of active nodes has surpassed that of the Bitcoin Cash network

Many prominent voices in the cryptocurrency industry have publicly shown their support for both SegWit and the Lightning Network, including Charlie Lee, who tweeted that "Bitcoin is a great store of value. I'm fine spending ~$1 fee per transaction, but I can't stand waiting 40+ minutes for a confirmation!...Lightning Network solves both these problems for Bitcoin and SegWit solves a few more!"

In other words, both of these solutions address some long-standing problems on the Bitcoin network: scalability and high network fees. If these issues can be tackled successfully, BTC could actually function as the 'digital cash' that its creator intended it to be.

Bitcoin and Ether are not securities, but some initial coin offerings may be, SEC official says

The SEC's point man on cryptocurrencies and initial coin offerings (ICOs) says that bitcoin and ether are not securities but that many, but not all, ICOs are securities and will come under the regulatory control of the  SEC  and relevant securities laws.

"Central to determining whether a security is being sold is how it is being sold and the reasonable expectations of purchasers," William Hinman, head of the Division of Corporation Finance at the SEC, said in a  speech  at the Yahoo All Markets Summit: Crypto conference in San Francisco.

Hinman said the primary issue in determining whether cryptocurrencies and ICOs were securities was the expectation of a return by a third party, specifically whether there was a person or group that sponsored the creation and sale of the asset, and who played a significant role in its development and maintenance. For purchasers of the asset, the key is whether they are seeking a return on the investment.

If there is a centralized third party, along with purchasers with an expectation of a return, then it is likely a security, Hinman said.

But Hinman also gave examples where cryptoassets would not be considered securities and would not come under the purview of the SEC.

Decentralization is key

Hinman specifically said that bitcoin is not a security because it is decentralized: there is no central party whose efforts are a key determining factor in the enterprise. In addition, ether is also not a security because the ethereum network is also decentralized.

Coinbase CEO Tells New Employees 'Don't Panic' Over Bitcoin Price

When Brian Armstrong founded Coinbase in 2012 Bitcoin was worth around $10 and existed in relative obscurity. Those who had heard about this digital money or even the word cryptocurrency probably did so through a news brief about the dark web. Those who were trading in it already were a very select few.

Then came a series of price bubbles which eventually rocketed the price to nearly $20,000 and saw the crypto space grow exponentially in just a few months in late 2017. That market corrected, the price fell to about a third of its all-time high value where it languishes today at about $6,600, and those who came in late are wondering if they are ever going to see their initial investment comeback, never mind a profit.

Armstrong, the CEO of Coinbase, a cryptocurrency exchange that recently self-evaluated its worth at $8 billion, had a word of advice to new employees who might be getting the jitters as the price of Bitcoin remains low. Actually, it was more than a word, it was a 10 part twitter thread giving a mini-history on the price of Bitcoin since its launch but the take away was don't panic, I have seen this before.

When Bitcoin surged in 2017 so did Coinbase's user numbers and trading volume which stimulated the company's growth. They went from 250 to 500 employees, many who presumably walked away from solid jobs in the tech world to get into the volatile space of cryptocurrency and who maybe now thinking twice about that decision.

In his tweets, Armstrong strove to reassure those new to the game that he had seen bubbles before and that by focusing on doing the work they would rise above the hype. One tweet measured the space as only a crypto player

"When there is hype, people are irrationally exuberant. When there is despair, people are irrationally pessimistic. Neither is true, reality is always somewhere in the middle, more correlated with real usage (transactions per day) than the price."

"After many years of this, I've come to enjoy the down cycles in crypto prices more. It gets rid of the people who are in it for the wrong reasons, and it gives us an opportunity to keep making progress while everyone else gets distracted."

"We use the down cycles to build a strong foundation so we can thrive in the next growth cycle."

Buy Bitcoin At Current Levels For The Long Term

Bitcoin ( BTC-USD ) is a cryptocurrency that has been in the recent news and headlines all over the world in recent months. The once primitive and unknown coin is now mentioned daily in many financial outlets.

With the price of Bitcoin sharply correcting after soaring for most of 2017, Bitcoin is currently selling at trough valuations making it an ideal buy at these levels.

A Return To A Bitcoin Bull Market May Be Coming Soon

The price of bitcoin may soon recover back towards its 2017 peak based on several key catalysts that may help propel the cryptocurrency markets back up. While prices have definitely come down from its all-time highs, Bitcoin is now a much safer bet than back in December when Bitcoin was selling at nosebleed prices.

It is clear that while Bitcoin is backed by a promising blockchain technology, the price of Bitcoin itself may have gotten ahead of itself in the latter part of 2017. With limited adoption and few actual use cases, Bitcoin arguably had risen far too fast too soon.

In order for Bitcoin to be considered as a valid currency or as a means of store of value, we will have to grow in a steady organic pace. Sudden growth spurts and bubble cycles will only validate the point of view that Bitcoin is not suitable as a valid currency or even as a good store of value.

While sudden growth spurts can bring outsized gains to investors looking to beat traditional markets, it can also work inversely as seen in recent months with Bitcoin losing a significant amount of value from its all-time highs. Luckily for investors, Bitcoin has several important key catalysts that could end the current bear market.

Bitcoin More Influential in US Politics Than Ever

U S Senate candidate Austin Petersen revealed his campaign received, and promptly returned, a giant amount of bitcoin this week, as the donation ran afoul of financing laws. Leading candidate for the Libertarian Party's national chair, Joshua Smith, has made cryptocurrency a key part of his platform heading into the convention. Candidate for congress, coder Brian Forde, former MIT Media Lab digital currency director, and one-time technology advisor to President Obama, came out strongly in favor of cryptocurrency. The community is divided about political influence generally, but if there must be politicians it's probably a positive sign some are warming to crypto like never before.

"To whoever tried to give us $130,276 in #Bitcoin on Saturday," posted US Senate hopeful Austin Petersen in what had to be a tortuous Facebook  message , "we had to refuse your donation. Please donate $5,400 to http://austinpetersen.com/bitcoin in order to comply with FEC regulations. 

Mr. Petersen's embrace of bitcoin is well documented, and he's openly run on a platform embracing money's future. It's actually not the first time his campaign has had to return a crypto donation. Twice before he's sent back hundreds of thousands of dollars worth. He holds the record as receiving the most legally donated bitcoin, roughly $4,500. If recent polling numbers are to be believed, Mr. Petersen is some 30% percent off the pace for the nomination.

Mr. Petersen's campaign manager told ABC News, "I think it goes without saying we're going to see a lot more of this in terms of campaign contributions and campaign financing."

The electoral process will end at the Libertarian National Convention, held this year in New Orleans (June 30th through July 3rd). It promises to be a very interesting battle for the party's soul. Mr. Smith continues, "It is worth remembering that the millions of people who make up the Crypto and Blockchain communities also make up a large portion of the people in this country who do not vote, as political parties have never made it a point to advocate for their interests. This all changed two weeks ago, when I and others passionate about this issue showed up to an LNC meeting and were able to get a Blockchain Committee voted on and put into place. As a result of that effort, we are now the first American political party actively pursuing blockchain solutions for party issues, as well as continuing to look for creative ways to advocate and fight for causes that are near and dear to the Crypto-community. Continued focus in this area will allow for both the growth of our party, as well as the retention of those who see the promise in this most 'free-market' of technologies."


Bitcoin: Hash Rate Telling A Bullish Story

As the cryptocurrency bear market presses on many investors worry that Bitcoin was just another passing fad. The overall market capitalization is also in a steady decline breaking $400 billion from its all-time highs of over $830 billion.

The market capitalization has been nearly cut in half resulting in major price declines in Bitcoin and nearly every Altcoin on the market. Aside from the declines in price action and market capitalization, there is one area where we are seeing growth and that is in hash rate.
This may lead us to believe that miners know something we don't.

Looking at the chart on Blockchain.info, we see a very steady increase in hash rate during the months leading up to and after the market sell-off. Looking at a chart of the total cryptocurrency market capitalization and hash rate side by side will show a clear divergence. Why is it that hash rate is increasing while prices are still in a continuing decline?

It is a fact that as more miners join the network, the higher the network hash rate is. This tells us that even though Bitcoin prices are falling at a steady pace, miners are still very much interested in mining Bitcoin.

From the data presented we can draw the conclusion that the overall outlook on Bitcoin is bullish, at least in the eyes of the miners. After all, miners would not want to allocate their resources mining a digital asset they believe to be worthless. Miners are in the business to make money and perhaps the downturn in this market will allow them to accumulate more bitcoin at lower prices in preparation for the next Bull Run.

Many traders focus only on the technical outlook and can overlook solid fundamentals and clues such as an increasing hash rate. If the hash rate were to be falling in congruence with price, then there would be cause for concern. That would tell us that miners are less interested in mining Bitcoin and could be turning their focus to mining other cryptocurrencies or not mining at all. It seems to me that miners are taking a longer-term view on Bitcoin and cryptocurrencies, ignoring short-term downtrends in the market. This fact alone should give investors confidence that there is still a lot of interest in Bitcoin and in mining specifically. Network support is very strong and should continue to grow.

Miners are arguably the most important asset to the Bitcoin ecosystem because they work to create new blocks as well as verify all transactions to ensure the network is secure. A strong group of miners who are willing to support the network creates the image that Bitcoin is very strong and well positioned going forward. As we move closer to the end of Q2 and into Q3 fundamentals will continue to improve and my bet is that price action will surely catch up to the strong fundamentals. Without a strong group of miners to support the network, Bitcoin would surely be headed for a grim future. That is not the case judging by the data. Miners are still bullish long term as are we.

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