Bitcoin Post-Capitalism, Fidelity Custody, Trillions or Die Trending

More exciting cryptocurrency news came out recently, Fidelity one of the worlds largest asset managers announced its going to be offering BTC and Ethereum products. Fidelity manages $2.4 trillion in assets so this news was huge.

Also they disclosed that they have been mining since 2015, this confirms a lot of my suspicions about the larger institutions accumulating. Clearly this market is being prepped up for another super cycle with headlines like this as catalysts.

It makes perfect sense for Bitcoin to trend towards trillion dollar market cap or higher, it will take maybe until 2020 to fulfill the prophecy but its signs are there.

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Bitcoin to $10,000 while Hedge Funds Flow In

Bitcoin reached prices close to $10,000 in anticipation of more regulated derivative product launches like the CME, the influx of institutional capital is at an all time high and OTC dealers should be running dry. Now where will this rally end? $10,000 has been a heavy promoted number by the larger players, usually this means their distribution is around those prices and possibly calling the target makes them credible in the future. At some point it becomes irrational to have any expectations of significant increases, smarter money will pull buy orders and the selling cascade that follows will initiate a full crash, till we see some clear reversal signals though the trend is still up. I think the public promotion of the $10,000 number though will have down pressure on the price, this will create all the more momentum.

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Altcoins are in right now, success stories all around, millionaires in their twenties making better returns than the best institutions. How is all this possible without anyone losing? Answer: it's not. Altcoins are mostly what's called Pump & Dumps, which means highly manipulated and fundamentally very inefficiently priced. Now with Ethereum's ($ETH) business success and the creation of the Blockchain Application Layer things are only getting better. Numerous ICO's raising millions of funds for projects with no equity or ownership, just mere speculation. For young traders that just started getting a taste of the markets it's the perfect gateway drug, but on the sell side there's a trader that's been around and is ten steps ahead of you. It's the first experience for young traders of the real world. Lies, emotions and wolves everywhere. To make money in any market, there's two exchanges that take place, your entry and your exit, the differenc

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Trading and investing is a probabilities game kinda like poker, it is the art of finding and timing the next opportunity and putting the odds in your favor. It is no surprise that a lot of gambling and trading rules are the same and for good reason. Predicting a market is hard, the lower your trading time-frame is the higher the risk of quick draw-downs. Mistakes can come in any form, it can simply be not paying attention, pressing the wrong button or just simply making the wrong judgement. The first mistake is not limiting your size per position, leaving a large part or all of your capital exposed to a single price prediction that could end up against you for some of the reasons stated earlier. A simple question to ask yourself is, do you expect yourself to be accurate 100% of the time and I doubt there is any trader that will answer yes, so diversifying across at least a few uncorrelated positions high and low risk should be a fundamental part of your strategy. This can include

The Urban Elitist - Markets for Mere Peasants - Crypto, Bitcoin, Forex, Commodities Analysis

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