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Sunday, 31 December 2017

Bitcoins Bull Run.

Bitcoin Bull Run

2017: The year of Bitcoin's Bull Run.

2017 has been a great year. A year for the bull run of bitcoin and even now it is amazing how far bitcoin has come this year. This is the third year in a row that bitcoin is the  currency of the year.
January: In its first week, Bitcoin became $1000. That was a shock to many.
The price kept rising all through 2017. Hitting new highs and lows.
March: Bitcoin gained mainstream as New York subway trains started accepting bitcoin as payment this year.
June: IMF urged banks to invest in cryptocurrencies in June this year.
August: Bitcoin hard forked on the first of August and created Bitcoin Cash BCH. The 4th largest cryptocurrency by marketcap today.
This is also the year the word: cryptocurrencies was introduced to the world. The world got to hear about bitcoin in November 28th this year when bitcoin price hit $10,000 and many were alarmed, wondering?
What is bitcoin? How could it be $10,000.
November: What is bitcoin was the highest search term on google from 29th November till 20th of December.
Bitcoin futures was introduced by CBOE in December 10th and CME by December 18th respectively.
December: Bitcoin achieved its highest run this year on the 18th of December when it hit $20,000.
Bitcoin is presently $13,000 at the time of this writing.
Will it be sustained or do we see bitcoin going higher next year?
If you ask me I think 2018 will be the year of the blockchain and the year of Ethereum as a cryptocurrency.

Thank you for being a faithful reader and follower of this blog this year and 
Wishing you a wonderful new year and the best of 2018.

Thank you.

Monday, 18 December 2017

Bitcoin validation ...

Bitcoin Validation: CME Group launches Bitcoin Futures

Bitcoin Validation: CME Group launches Bitcoin Futures

Chicago Merchantile Exchange launched bitcoin futures today. CME Group is the world's largest futures exchange and it is the second exchange to launch bitcoin futures after CBOE. 
This is as the cryptocurrency has been on a run since the beginning of this year and most importantly since November reaching and breaking price barriers.
This has made the market a wonder and speculators have been wanting to get their hands on the money in the bitcoin sphere but needed a renowned body to be behind it first. The needed what i call: Bitcoin Validation. This happened on the 10th and 18th of December respectively when CBOE and CME groups launched bitcoin futures. Now investors can speculate the rise of bitcoin and profit from its increase. This alone has driven the price of bitcoin from $11,000 at the begining of december to $15,000 to $18,000 at the time of writing this post. 
The question on many peoples lips is:

Can these moves be sustained?
Lets hear from Axel Weber: UBS Chairman.
Swiss bank UBS has warned anyone keen to invest in bitcoin that they risk losing their money.
Weber fears that the digital currency’s recent gains are unsustainable, and says investors and speculators should keep away.
Speaking to Swiss newspaper NZZ, he says:
“We as a bank have consciously warned against this product because we do not assess it to be valuable or sustainable.”
Weber argues that financial regulators should now step in, given the surge of interest in bitcoin recently. Otherwise, he fears smaller investors could be wiped out by bitcoin’s volatility.
France’s finance minister, Brune Le Maire, has also waded into the bitcoin debate.
He wants the G20 group of leading advanced economies to debate the whole issue of digital currencies next speing.
Speaking on French news channel LCI, Le Maire says:
“I am going to propose to the next G20 president, Argentina, that at the G20 summit in April we have a discussion all together on the question of bitcoin.” Le Maire told French news channel LCI.
“There is evidently a risk of speculation. We need to consider and examine this and see how with all the other G20 members we can regulate bitcoin.”
The changes in bitcoin recently calls for price regulation but does the cryptocurrency built not to be regulated have a hidden code for regulation.
Regulations definitely require a third party intervention and the blockchain for which bitcoin was created has none. We would have to wait it out to see what the world financial system would do to stop the rise in bitcoin price as it seems they won't be relegated to the walls of history without a fight.

Thursday, 7 December 2017

Bitcoin Price rise | Bitcoin skyrise trend continues...

Bitcoin price rise

Bitcoin Price Rises again | Just clocked $15,000

Bitcoin price is rising fast and beating all expectations and criticisms.
This is the best year so far for bitcoin as it speeds past $10,000, $11,000. $12,000, $13,000, $14,000 and now at $15,000 all in just one week.

This for some people is a surprise but for those that have been watching the trend and seeing its rise. It isn’t a surprise that the price is up to $15,000 but for everyone its timing is the surprise. I told a friend it would get to $15,000 by June next year. I never thought it would happen in this year considering bitcoin became $1,000 at the first week of January.

Bitcoin price has been on the rise due to so many factors. For which I had covered in my last post.

FOMO causing Bitcoin price rise

A lot of what we are seeing now is the fear of missing out- FOMO- playing out.
As the demand increases, the price for bitcoin goes up. Most of these increases are initiated from the Korean market and they seem to be on the verge of buying up every bitcoin they can find and with that comes the price increase.
If you have been following the trend. You would have to be careful with price increases as it moves up and at some point it would fall and there would be a rebound to higher heights.

Bitcoin Futures causing Bitcoin price rise

A large reason for bitcoin price rising this December has been due to announcements by CME group to go into bitcoin futures on the 18th of December . Other investment houses are all coming out with bitcoin futures and for the first time since its use from 2009. It is now being formally recognized as an investment instrument and there is lots of money to be made from investing in bitcoin.

Bitcoin is something everyone has to take seriously now
It has shocked and surprised all investors and critics alike.
It is the largest and biggest store of value now.
It is now been used in all over Asia, Europe, Australia, the US, and  some parts of Africa.
According to CNBC:  The digital currency's gains accelerated after crossing the psychologically key level on Tuesday night. Bitcoin now has a market value of more than $230 billion, meaning it would rank among the 20 largest stocks in the S&P 500.

So if you have been thinking, this is just a hoax….think again.

Wednesday, 29 November 2017

Bitcoin Price hits $10,000

Bitcoin Price hits $10,000

Bitcoin Price now $10,000

It has finally happened. Bitcoin price has hit $10,000.
This happened in the afternoon of 28th of November, 2017 at 1.30am UTC (9.30am Hong Kong time) as traders in the Korean market started trading bitcoin BTC/KRW at $10,800 on both Bithumb and Coinone. The second and seventh largest bitcoin exchange by volume. The western world was a bit skeptical at first but was reluctantly pulled into the double digits milestone value by increased buyers on the bitcoin sphere.
Bitcoin price hit $9,000 for the first time ever in November, 26th and it took only two days to surge past $10,000 as its market price right now is $10,557 according to the stats from Coin market cap.

So you may want to ask: Is this growth sustainable?

Billionaire Hedge fund legend Mike Novogratz – a long term bull thinks the price of bitcoin could reach $40,000 in 2018.

So what are the factors driving bitcoin price up?

This thanksgiving weekend alone. The iOS App for Coinbase trended amongst the searches on Appstore as the most downloaded App. Totaling 100,000 downloads in just 4 days.
In August this year: there was an announcement that 70 new fund could be starting on the cryptocurrency sphere. Now this is no longer news as over 100 fund managers are venturing into the bitsphere and bitcoin is now formally gaining wallstreet attention and adoption.
 Also, there has been over 2000 new ICOs this year and they all have been using bitcoin as their base currency for trade and transaction.
This in itself has driven the daily transacton volume from $161billion in August to over $240 billion today.
Another major contributing factor for bitcoin sizeable gains is the reality that bitcoin futures would soon be traded on major regulated markets. Two of the world’s largest futures markets, the Chicago Mercantile Exchange (CME) and the Chicago Board of Options Exchange will soon launch Bitcoin futures.
This in itself is large.
The large adoption of bitcoin all over the world is also unprecedented.
From Countries with little internet presence to the western world. Everybody wants in and due to so its simplicity and no government or third party interference, people are shoring it up as a store of value. Venezuela for instance has had the Bolivar devalued to 90% of its value due to hyperinflation and right in its capital city, Caracas, bitcoin adoption has risen exponentially.
This alone can make the price go up to $40,000 and above.

So you now ask, can bitcoin price increase be sustained?

Still on Mike Novogratz on CNBC: “We shouldnt be surprised if the markets undergoes a short term correction as the rally cools off and early investors and traders take profit… “
So don’t be afraid of price corrections and rally off.

Like the soldiers in Hollywood blockbuster 300.

Hold! Hold!! Hold!!!
The journey has only just begun.

Wednesday, 15 November 2017

USITECH | This video sums it up


All you need to know about USITECH

For those of you wondering what is this USI TECH about?

Here is a video that simply explains what it is and how to join.


Wednesday, 18 October 2017

Bitcoins scams are everywhere. Watch out!

Bitcoin Scams are everywhere. Watch out!

Bitcoin Scams are everywhere. Watch out!

                                                             This picture speaks volume.
                                                             Not all that glitters is gold.
                                                              Too many online scams today.
                                                                    Don't fall victim.
                                                             Watch your investments closely.
Here is one i reviewed last year. An online scam that took 0.26btc from me and many more from others.   I am interested to hear about your experience online.
Please share with us. Lets all be safe online. Thank you.

Sunday, 24 September 2017

What is the best investment today?

What is the best investment today?
Bitcoin Price (Jan 2017 to 24th Sept, 2017)

What is the best investment, you ask? 

Today we are burdened by a constant seeking of genuine investment opportunities to grow our finances, and if we have been listening or just living in this planet this year. There is no better investment like the investment in bitcoin.

Bitcoin has been phenomenal this year. To believe that it started this year with just $1000 and in just 8 months jumped to near $5000. That’s 500% increase and it retraced to about $3,000 upon BTCe announcement of a stop in its trading activities and now it is towering towards $4000.

Now, If you know just simple investment principles. You will not sell out during market fluctuations.  Let’s borrow from the wisdom of Warren Buffet: You buy to hold. Don’t sell with market fluctuations. The market was meant to fluctuate with news but you are to ensure you don’t put your emotions in it. What’s the worse that could happen. You earn back your $1000 which is not possible seeing the world’s acceptability of bitcoin.

For those who are afraid, never before has there been an answer to the financial problems of the common man like the appearance of bitcoin. Bitcoin eliminates the international money exchange problem and allows you deal with the user or recipient directly anywhere in the world. It also has proven a better store of value than Gold. There is no governmental interference and It is now in use in Asia to the US and the UK and one that you are not afraid can be stolen. What could be better than that? What is the best investment today? Bitcoin is the best investment for today.

Now, there are so many investment platforms for mulitiplication of bitcoin today- Please be wary of these. People have realized bitcoin will keep rising in value and they have come up with various bitcoin investment platforms to ensure they grab as many bitcoin as they can. Unless one you can verify and are sure of. Don’t put your bitcoin in there. Bitcoin value has been projected to get to $10,000 and it may even go higher since it has a limited number in circulation. So a lot of these schemes are just to grab as many bitcoins as they can. So be careful out there. Learn from the wisdom of Warren Buffett: Buy and Hold.

Friday, 1 September 2017

USI-TECH: How genuine is it...

USI-TECH: How genuine is it

USI-TECH: How genuine is it?

USI-TECH was launched in Nov 2016 as a new online investment and cryptocurrency investment tool.

USI-TECH has been cleared by SEC (Securities and Exchange Commission) and FTA (Free Trade Agreement) in the US, legalizing its existence. 
Check Alexa Rankings,  most of its investors are from the US. This is a feat most online businesses cannot boast of. Most don’t operate in the US.

                         Cryptocurrencies is the new age currency 
and since our world is globalized by computer networks. Cryptocurrencies have come as a digital currency to enable commerce take place beyond borders and without a third party.

USI-TECH takes advantage of this boom to create a cryptocurrency and forex products that allows you plug in and profit.

                                                                  You can sign up immediately here.

                                                               Want to know more, read more from here

Tuesday, 27 June 2017

IMF Urges Banks to Invest In Cryptocurrencies

IMF Urges Banks to Invest In Cryptocurrencies

IMF Urges Banks to Invest In Cryptocurrencies

International Monetary Fund (IMF) suggests that banks should consider investing in cryptocurrencies more seriously than they have in the past. According to the IMF staff team responsible for the note, including prominent economists such as Dong He, Ross Leckow, and Vikram Haksar, "rapid advances in digital technology are transforming the financial services landscape." These members of the IMF feel that such transformations generate new opportunities for consumers as well as service providers and regulators. The ultimate message of the report seems to be one of support for cryptocurrencies, as it outlines some of the ways that the fintech industry might be able to provide solutions for consumers related to trust, security, financial services, and privacy in this area.

Boundaries are Blurring
One of the key findings of the IMF report is that "boundaries are blurring." This means that the borders between intermediaries, service providers, and markets, previously well-defined, have become blurry with the advent of new technolovy related to digital currencies and cross-border payments. Along with the blurring of these boundaries, the authors of the report suggest that "barriers to entry are changing." This does not, however, mean that barriers to entry are universally being lowered. Rather, they are being lowered in some situations but raised for others, particularly "if the emergence of large closed networks reduces opportunities for competition."

Trust Remains Essential
Absolutely key in the view of the authors of this report is that "trust remains essential." With less reliance on traditional intermediaries, consumers are turning more towards new networks and providers. 
The facilitation of this transfer on a large scale requires significant levels of trust in security, privacy, and efficiency. Along with this, and perhaps contributing to a new sense of trust, is the authors' conclusion that "technologies may improve cross-border payments" by serving better and more cost-efficient services, by lowering compliance costs, and by working to fight against terrorism financing.
In the view of the IMF authors, the financial services sector is poised to make the change toward cryptocurrency involvement. That being said, the report suggests that "policymaking will need to be nimble, experimental, and cooperative" in order to successfully navigate this crossing. Simultaneously, regulatory authorities will have a careful job to do: they must balance efficiency concerns and stability tradeoffs. In order to be willing to enter into this world, regulatory authorities will likely need reassurance that risks including cyberattacks, Money laundering and terrorism support can be mitigated without harming the innovative progress of the digital currency world. To do this, the authors believe that regulators might need to increase their attention on activities and that governance will need to be strengthened. If all of these things take place, the IMF authors believe that banks could integrate cryptocurrencies successfully.

Friday, 12 May 2017

Bitcoin’s Future is Brighter than Any Other Asset

Bitcoin has come to stay and it is right now the best asset to trade on worldwide.

For the analyst and prophets of doom that insisted it would fork along the way. That is not happening and bitcoin has proven itself to be the defacto asset for investment. If you are serious about investing and you have not started learning or investing in bitcoin then you are leaving too much on the table.

Bitcoin’s Future is Brighter than Any Other Asset

Bitcoin on the rise from Dec. 2016

Bitcoin has been on the rise from december 2016 when it was going for less than $1000 and now have  increased to over $1800 in just over 5months.
This truly in incredible as no asset would give you that ROI. Its acceptabililty is even baffling and worldwide it is known and accepted even in the most unlikely places you can think of.
Some tuition today is paid with bitcoin. Business to business are already transacting commerce today in bitcoin.
99bicoin a bitcoin website has a list of where and where it is accepted today and you can look it up here
Other than that countries that were at first against its use are now opening up communications as to how it can be used for commerce and regulated there.
Countries like Japan, South korea are opening up to bitcoin and this is causing its price to rise and would rise even more as India, China etc are joining the league of nations that use bitcoin.
So get on the train now as this is the biggest financial revolution ever and only equal to the internet changing the printing press.

Sunday, 12 March 2017

Bitcoin becoming a more acceptable means of payment.

Bitcoin is becoming a more acceptable means of payment

Bitcoin is becoming a more acceptable means of payment. 

The sign above is from a New York subway train station. Yes! It is being said that the journey of a thousand miles begins with a step and a child today will grow to become the leader of tomorrow. This is a true saying and we get to see that daily in our lives and times. Bitcoin started as a nerd currency and it looked like it wont see the light of the day but gradually it spread to being liked and used by others as the first cryptocurrency to being used and revered the world over today. It started below 5cents to a bitcoin and grew gradually until In 2013 due to some strange occurencies it got to the point where it traded for $1300 to a bitcoin and as fast as it moved up it dropped to about $200 to a bitcoin, today in March2017, it is at $1270 to a bitcoin. It has moved to a point where it has proven itself as the defacto currency today as it is higher than all the major currencies of the world and is still climbing.

What makes bitcoins acceptable:

It is the first currency to be without a governmental control  and intervention and is just controlled by the forces of demand and supply. It also cuts off the middle man between during transactions and for the first time allows financial transactions to occur directly from person to person. These are a few factors for its worldwide acceptability and for some time now there has been a failure of so many world currencies due to their government policies. This had been happening in times past but never before have we had an alternative currencies that is above inflation and manipulation. Bitcoin becoming a more acceptable means of payment. Yes! These are the reasons people are gravitating toward bitcoin and it will still go higher.

It started by being accepted by online shopping industries and later moved to being used as a physical means of payment. It has been accepted by bars and shops and supermarkets in countries in the UK and US and some places in China. It acceptability has now spread to all payment platforms online and countries after countries are accepting it today. It is now being accepted as tuition for some universities today e.g Brazilian University, Cyprus University and kings college New York  and many have accepted it as a form of payment and that to me that is the height of it. If you have not been serious with bitcoin I must say you have been left behind.
Bitcoin as a currency has proven itself and is still proving itself some more. By the end of this year a bitcoin would be worth more than $2000 and the more we scorn at it the more Bitcoin will become a more and more acceptable means of payment. So, wny not seek ways to jump in now and watch how your finances grow into the future.

Tuesday, 7 February 2017

German Industrial Output Falls after 8 years of steady growth

German Industrial Output falls after 8 years of steady growth

Carolynn Look  (Bloomberg)

Output dropped 3% in December vs estimated 0.3% increase
Economy Ministry says orders indicate revival in coming months

German industrial production unexpectedly fell in December, signaling that Europe’s largest economy isn’t immune to heightened global uncertainty.

Output, adjusted for seasonal swings and inflation, declined 3 percent from November, when it advanced a revised 0.5 percent, the Economy Ministry in Berlin said on Tuesday. The volatile indicator’s worst reading since early 2009 compares with a median estimate for a 0.3 percent increase in a Bloomberg survey. Production was down 0.7 percent from a year earlier.

German business confidence slipped in January and momentum in manufacturing and services slowed as national elections in September and risks related to Brexit and protectionist trade policies in the U.S. weigh on the outlook. Companies assessment of current economic conditions remains favorable, with factory orders surging and unemployment dropping to a record low.
A rise in order intake in the industrial and construction sectors as well as an increase in sentiment indicators in these areas “signal a revival of production growth in coming months,” the Economy Ministry said in an e-mailed statement.

Output was damped by a 3.4 percent decline in manufacturing, according to the data. Construction fell 1.7 percent in December from the previous month, while energy production declined 0.9 percent.
Today’s data come on the back of a Monday report showing factory orders bounced the most since 2014 in December. The surge was driven by demand for investment goods and saw both domestic and export orders increasing.

Thursday, 19 January 2017

Bitcoin price ready for the big move...

Bitcoin is on the news again and this time it is not due to its price rally or dive but due to the inauguration of the 45th president of the united states: Donald J. Trump.
Bitcoin had a fall back some weeks ago due to China currency control and lost a fifth of its price but has not been able to get below the support mark of $860. It has been howering around that value upto $880. This has been on for some days now and it seems it is rallying for a big jump. Don’t believe it, let me tell you why.
China currency controls had been tweeted overly by the soon to be President of the United States: Donald J. Trump.  Donald Trump sees China as a country ripping others off by currency controls and they just recently caused the price of bitcoin to lose a fifth of its value by publishing a statement to its people that bitcoin has no value backing it and therefore no currency for exchange of value, this was after holding a meeting with the biggest bitcoin exchanges in China inorder to consolidate the use and value of its Yuan. The President elect of the US has been talking …no tweeting about China Currency controls…and they know immediately he steps into power he would be watching them like a hawk for any such changes.
Investors have also been on the lookout for changes in the dollars immediately the inauguration takes place as events within the inauguration would decide which way the dollars slides against other fiat currencies especially the euro and the yuan.

US-China trade war coming

US-China trade war coming

The battle for manufacturing supremacy is about to begin as the US and China go head to head as each looks to fuel demand and inject more growth into their respective economies. Will the US currency be the next one to devalue because unlike before China is ready for them now.

Bitcoin is at the right place and at the right time and a safe haven for investors. Its value would most likely climb to be $2000 and with over 30+ banks in negative interest rates, things could only get worse for fiat currencies. 

Wednesday, 18 January 2017

Online Scam detection - How to know it is fake

I would be teaching and helping readers right now as there is a great need for education on online scam detection. We have so many scams online today and it baffles me that people keep falling for these scams daily and keep losing their hard earned money. We will do a review of some of the things you look out for in an online investment. We won’t be displaying the names of the scam sites but we would be telling you factors to use and identify a scam investment online.
Online Scam detection  - How to know it is fake

First of all, all investments require a level of trust.
This trust would be gotten from assessing the investment based on several factors.
There are many other factors we can consider but we would be going through some very critical factors that must be in place before you commit.

This can serve as a guideline for online scam detection but you need to add more as you become more adept: let’s just say this is the minimum requirement from any online investment you want to invest in.

Be scam smart
Online scam detection guidelines

The online investment must be regulated - EU, US or Country Regulated - and there should be documentation to support this. Such regulations website should be online and you can check them up if you think the document is false.

The online investment should be trading or investing in a physical asset e.g Oil and gas, Forex, Commodities etc…some would argue this as bitcoin is not a physical asset. Bitcoin is an exception.

The online investment opportunity should not be a HYIP- High Investment Yield Program - you invest $100 and get 150% in 5 days…that is totally unrealistic and you know its crazy to achieve but you invest because you are greedy. Such high returns don’t happen overnight and you should stop being greedy.

The online investment should have a track record. This I cannot overemphasize. If they claim they have been investing since 2014. Then we should see the daily trading details from then on and there should be investors that have been with then since then. You can find this out in results.

The online investment should have a social media page for investors and you can assess them to see user comments and complaints and how it is being resolved.  
 Such investment should have a good support line for people investing to enable them resolve issue within minutes of reporting.

Scam sites are on the increase today especially with the rise in price of bitcoin and so many are receiving bitcoin for their "supposedly investment" so the need to educate readers on online scam detection. if you get scammed you can submit your comment here inorder to help others from being scammed...and yes! i have been scammed before, you are not the first nor would be the last. Lick up wound and start all over again. 

Tuesday, 10 January 2017

Commodities rally may charge into 2017

Commodities rally may charge into 2017
These four commodities rallied in the last quarter of 2016 into 2017. As shown in the graph above:
C01 Comdity is ICE Brent Crude Oil. This represents the price index of brent crude oil.
XAU Curncy is the price increase for one troy ounce of gold.
LMCADS03 Comdty is London Metal Exchange LME Copper 3 Month Rolling Forward.
T101 Comdty is the Iron ore traded as a commodity. 

These are the major commodities traded on the exchange floor and these all had a boost at year end 2016.

One of the greatest influence on commodity price for 2016 was the increase in the price of crude oil.The price of crude oil was said to have increased from $38 per barrel to $52 per barrel and with it went the prices of some of these commodities.

Crude graph

Brent crude UK:LCOG7 went up around 46% year to date as of December,2016 had done a bit better than West Texas Intermediate crude‘s US:CLF7  nearly 38% climb so far in 2016.
Gold GCG7, +0.09%  looks set for yearly gain of nearly 8%, recouping most of 2015, 10.5% drop, while silver’s SIH7, +1.00%  up over 22%, following a loss of almost 12% in 2015.
Iron Ore led commodity gains in 2016; oil, gold also bounce back
Iron ore
While many commodities rebounded from last year’s steep declines, iron ore made the largest move by far—making a full U-turn in 2016 from the previous year’s devastating losses.
“When you look at what iron ore did in 2015—a considerable downtrend—it had nowhere to go but up this year, and it did,” said Joseph Innace, metals content director at S&P Global Platts.
“The trend has been up all year, reaching a recent peak of $82.30 [per dry metric ton] on December 7, 2016,” he told MarketWatch on Dec. 8—a surge of 92.7% year to date, based on S&P Global Platts IODEX daily price data.
“As Chinese steelmaking goes, so goes iron ore,” said Innace. The annualized 2016 rate of steel production from China is at nearly 810 million metric tons, while most predictions saw it coming in under 800 million metric tons, he said.
Copper was also among the worst performers in 2015, but last year came up in among the largest gainers.
Expectations that U.S. President-elect Donald Trump’s plans to improve the nation’s infrastructure will boost industrial commodity demand helped provide an extra late-year lift.
Copper futures HGH7, +2.93%  settled at $2.605 a pound on Comex Wednesday. It trades over 20% higher year to date.
Oil and Natural gas

Oil and Natural Gas
Oil and natural-gas futures bounced back after two years in a row of steep losses.
Yearly gains of nearly 45% for Brent UK:LCOG7  and almost 38% for West Texas Intermediate crude US:CLF7 were impressive, but not as impressive as the more than 52% jump seen for natural-gas futures.

“Supply and demand is slowly rebalancing and we should start seeing inventories start declining in 2017 with demand exceeding supply,” Brian Youngberg, senior energy analyst at Edward Jones, told MarketWatch.

During the year, 2016. The energy market saw a continued decline in investment, which translated into falling production in the U.S. and elsewhere, he said. “Demand growth is solid and better than expected, led by India and the developing world.”

And the Organization of the Petroleum Exporting Countries’ recent agreement to cut back output “has helped push prices up with expectations that the rebalancing will occur a bit earlier in 2017 than otherwise thought,” said Youngberg.

Many oil producers outside of OPEC also agreed this month to reduce output by 558,000 barrels a day and OPEC’s top producer Saudi Arabia, said that it may even cut more than promised.
These commodities are good commodities to watch out for and trade on this newyear. They did well last year and will do even better this year.

Friday, 6 January 2017

Bitcoin price plunges by a fifth

Bitcoin price plunges by a fifth

Bitcoin price has been on the rise for some time now and most including myself, thought this ride would continue for a long time. The ride took the high ride of a roller coaster from January 1st this year and had an all time high for the second time in its history on the 4th of January, 2017 going for $1149 to a bitcoin then falling within two day by $250 which is about 5% of its previous day price.

This rise would have continue for reasons I had stated in my previous post but it took a dive just today due to a meeting this week between  the People's Bank of China (PBOC) with representatives of its major bitcoin exchanges in China to urge their compliance with "relevant laws and regulations". BTC China, OKCoin and Huobi  - all exchanges in China - accounts for the bulk of the world's bitcoin volumes, according to data from Bitcoinity.

An informal translation of the document reads:
"Bitcoin is not a currency and shouldn't be viewed as such. Those who invest in bitcoin should accordingly be aware of the risks it poses and protect their investment."
The public statements aimed to serve as a reminder to citizens who may be considering the digital currency as an investment, and both quoted a government circular released in 2013 saying that bitcoin is a virtual good and doesn’t have legal tender status.
Pete Rizzo (2017): China's Central Bank Issues Warnings to Major Bitcoin Exchanges.

China is not new to the world of currency controls especially if it has to do with its people and its currency. They have been known to devalue its currency time and again to keep its currency cheap and enable its manufacturers, manufacture cheap but sell high to foreign countries. This was important to increase their GDP and move them to a world power position but now that they are seeking the world’s acceptance of its Yuan as a rival to the dollars. They wouldn’t want her people to use more of another currency causing its value to decline in use and value. 

This again shows the vulnerability of Bitcoin as a currency. As it has been accepted around the world, the numbers game would come to play. The country with the highest volumes can control the price for the rest of the world due to its currency policies like China has shown. Bitcoin may not be controlled by the Government of China but they can influence its price by the control on their people and currency causing the laws of demand and supply to kick in and cause bitcoin's price to either go up or down, causing the rest of the world to simply accept the new price. So brace up, we would most likely see some more of this in this new year.

Wednesday, 4 January 2017

Poor returns for over a month now

Poor returns for over a month now

There has been poor returns from the merchant shares investment from mid December last year till now first week of January 2017.  The daily returns have failed to reach 2.0% for all sectors day after day except for cryptocurrency sparingly biweekly.

These compared with the returns for December 2014 and December 2015 has been the poorest so far, December 2014 being the best so far with weekly returns over 2.0% and some slow in the forex and stocks only. 2015 was worse off than 2014 but still got some good returns. December 2016 compared with the former look very poor.

Talking about poor returns for December 2016, you must realize some factors conspired to make that happen. The outcome of the American presidential election caused fluctuations in the forex market causing unusual volatility especially on currency pairs with the dollars. This I stated in my last post concerning the reasons for bitcoin price soaring.

According to Bloomberg Commodity Index BCOM: Commodities price being on a 10 years low finally bounced back in December 2016, indicating global economic and inflation normalization. Commodities can be difficult to track as there are so many commodities and even though crude price went up during the period, the commodities invested in may have been precious stones, minerals or food items.

From the graph above. A lot of Commodities and stocks went up this period and that should have reflected in the returns for Merchant shares investors but that was not to be. Justifiable reasons fellow investors are not so pleased over returns in december.

Nevertheless, Merchant shares still remain the single most credible investment platform with real and verifiable trading turnovers. So don’t hesitate to get started and see how the compound effect of earning can make your investment grow high in a very short time. Get started and lets help you grow your finances.

Tuesday, 3 January 2017

Bitcoin still soaring higher...

Dollars struggle against Bitcoin

Bitcoin seem to keep soaring higher amidst skeptics and cynics who had thought this is just a fa├žade. Bitcoin today is the new safe haven for investors against currency fluctuations due to uneven government policies, currency control or even hyperinflation. For instance, at the eve of Donald trump’s presidency. The Mexican Peso fell against the dollar because of the many utterances of Donald trump against the Mexican government and investors started selling off the Peso to buy the dollar because they were afraid there would be a tightening of policies against Mexico. 

A similar thing happened with the exit of Britain from the European union in June of 2016. This rocked the British pounds to its lowest in 30 years, making millions loose money. 

These and many other government policies on money have caused investors to move to a more safe currency, one that cannot be inflated nor controlled by any goverment. Crypto currencies seems to be a special breed. A currency that violates all rules of fiat money and still retain value. It is like the X-Men movie where we have special breed of mutants cum super heros. The greatest of these mutants is Bitcoin. Who would believe a currency that is not backed by anything, not a physical matter, limited in quantity and mined by mathematical calculations can be worth above $1000 today and still climbing.

The whole rule has changed and perhaps it comes at a time when even the rules like we are used to have been overturned. A paradigm shift has taken place and we may soon be through with civilization like we know it. Bitcoin is the safe haven today for all people of the world against their currency fluctuations and bitcoin is going even further in its rise against the dollar. 
So if I were you, I would jump on this moving train and profit from its global acceptance as you may just have come to know this for such a time as this.

Monday, 2 January 2017

Merchant shares: Investment review for the month of December, 2016

MS Profit sharing graph

Trading took a slow turn during the last month of 2016.

Investment In all 3 sectors of Forex, Commodities and Stocks took a gridlock movement at the last month of 2016 for merchant shares and crypto coins was the investment focus of the month. This was to enable it get a boost to a major investment sector in merchant shares.

This was not strange as crypto coins took a high even in the last month of the year. Bitcoin’s price jumped a total of $240 in just one month and ended at $990. This not withstanding, it still went further, getting over $1000 in price in just the first 2 days of the new year.

If you are wondering why or how? Read my previous post on this here.

Crypto coins looked like a not so good sector to invest in when if lagged behind for months and kept offering a percentage of between 0.25 – 0.95 and just last month it performed better than all the other sectors.

Web Ads that I thought would make the highest returns last month, failed in expectation. Considering December is the month of holidays and most people would be away from their desk with family and friends and let’s be realistic -  with family and phones. Lol.  So there would be much clicking away on web adverts on their mobile devices and so it would generate more returns in revenue but that was not to be as it offered the poorest percentage all month.

Forex, Commodities and Stocks had to take a slow as it was a period the exchanges were winding up for a year close and also there was a need to play safe so we can continue in the new year.

Tops of all, my merchant shares investment gave me returns everyday for the month and I look forward to better returns this new year. 

Sunday, 1 January 2017

Happy New Year

Happy new year

May this year bring you Joy unspeakable and riches beyond your expectation...Happy new year.