By now I’m sure you’ve all heard of the monster moves Bitcoin is making. Generating profits for many, while attracting new money at the same time. We have yet to see a huge pullback and that might be creating a false sense of security. Futures products are being released in the coming days, possibly putting negative pressures on the market. Despite the news of Bitcoin, you have to dive deeper and unearth why Bitcoin is the way it is. The technology behind the cryptocurrency is what people are truly excited about.
Bitcoin has surged in popularity and is a headline nearly every day. Surging in price, many wonder if they should purchase Bitcoin themselves. In the investment world, if you’ve missed the train it’s best to wait for the next one. However, if you still find yourself wanting to add some Bitcoin to your portfolio, here are a few points you should familiarize yourself with.
With Bitcoin nearing a record $10,000 per coin, many people are comparing this movement to that of the tech bubble of the late 90’s and early 2000’s. If you take a quick glance at any chart, you will notice the price of Bitcoin has moved in a parabolic manner, which many investors know could be an omen of what is to come. For those unaware, Bitcoin is a cryptocurrency that is used to pay for goods and services, as well as being traded. The technology behind a cryptocurrency, blockchain, is what people are excited about.
If you take a look at the news you may notice that right now, many of the household names in social media are going to Capital Hill to talk about Russian connections and interference in the election. This should bring to light a larger issue that these social media platforms have many users and are unable to control every aspect of the platform. Certainly they have processes in place, but the length of time it takes for them to catch the issue compared to the speed at which information is shared differs greatly.
We all have heard at this point about Bitcoin and what the cryptocurrency market can offer. From no middleman to quicker transaction times, there are plenty of benefits but with those come just as many questions of negatives. However, this article is not about those but rather the hard fork that occurred creating a new currency named Bitcoin Gold. If you follow this sector, you probably remember the hard fork that created Bitcoin Cash. Essentially, a hard fork is a split that creates a new currency that allows more of that currency to be created under a different name. Notice it is all Bitcoin, but there are now three variations of the cryptocurrency.
The most popular offerings are IPO’s, or initial public offerings. This is when a company decides to create shares and sell them to the public market. Some famous IPO’s in recent history include Twitter, Snap Inc., and Blue Apron. The process for an IPO is time consuming and takes multiple moving parts. Now with the introduction of cryptocurrencies, some are beginning to fund their operations with ICO’s or initial coin offerings. This is essentially when a company trades you their currency for U.S. Dollars in return.
Kohl’s has recently unveiled in 10 stores that they are going to begin selling Amazon products as well as accepting returns of items that were purchased from Amazon. In a dark and depressing retail landscape, this is a bright spot and these two are teaming up to play into their respective strengths. Kohl’s has the brick and mortar presence that Amazon does not. Kohl’s benefits by having the privilege to sell Amazon products and attract a new dynamic customer base.
New homebuilding numbers came out and they were lower than expected, but they are saying that this is due to the hurricanes that have hit the country. Certainly this has something to do with it, but keep in mind that there could be underlying issues. Homebuilding is an indicator of peoples willing to move and buy, and can show a trust in the workforce that jobs are readily available or there is enough people spending money. Investments that could be specifically affected are REIT’s are real estate investment trusts. Typically a go to for investors to add diversification, it is sensitive to these situations.
Bitcoin continues to push boundaries by making new highs, but many are beginning to wonder if it is over valued and is being hyped up. Time will reveal the answer to that, but in the mean time, it continues to be a form of investment and spending for many. Bitcoin is the face cryptocurriencies everywhere and it stretches far beyond the coin itself.
Technology continues to advance and the many different applications on the market now allow the user to invest essentially however they like. A popular issue that arises though is that people are tired of the cost of trading. Some brokers are charging five dollars or more to process a trade. The more people pay for trades the less they are investing and it diminishes potential returns. With that being said, there are multiple ways to increase your investing margins using apps for your phone.
With many retail locations closing their doors, Spirit Halloween is taking advantage by moving into malls and other prime locations. Spirit Halloween is the store that comes around Halloween time and sells seasonal items pertaining to the holiday. They move into locations where stores were once located and set up shop for roughly two months. This is proving to be a successful business model as there is over a thousand of these stores across the country.
Bitcoin continues to pop up in mainstream media and is sometimes referred to as a safe haven asset. A safe haven asset may be a stretch but the fact that Bitcoin remains through the scares of the market should speak volumes. Bitcoin is the face of the cryptocurrency world and continues to be as market explodes with attention and opportunity. Many who are unfamiliar with Bitcoin only know it for its explosive growth and speculative nature. There is more to Bitcoin than meets the eye, and here is the good, the bad, and the not so ugly aspects of Bitcoin.
Roku has their initial public offering today and everything seems to be going well, with the stock being up over 30% before noon. Roku produces streaming devices that are similar to the Amazon Fire TV Stick and Google Chromecast. Streaming has become a popular way to consume television as these products allow the user to access Netflix, Hulu, and a variety of other channels.
IPO's are difficult to judge because there is so much hype around certain companies and the data can skew as people are quick to buy and then sell, profiting for the quick movements. The potential is there for the company to succeed as they are operating in the right market and it will only continue to grow. Sling TV is a popular streaming service that allows for live television, and that can be accessed on a Roku device. Until there is something to disrupt the streaming industry, Roku may be worth watching.
There have been some waves surrounding the housing market, and specifically buyers. Buyers may begin facing a tougher time finding homes because the inventory is drying up and all that is left are the high-end expensive homes. With this happening, it could drive up home price simply on the basis of supply and demand. If there is a shortage of supply, the price of said supply will increase.
Renting is becoming a popular option for people entering the workforce and beginning their journey in life. The reason is renting takes away the distractions of property insurance, property tax, and the upkeep involved such as replacing a water heater or A/C unit. This tends to work itself out and can be cyclical, as many people postpone selling homes during the winter.
The CEO of Equifax has retired amid the turmoil that surrounds the company. From the different article and opinions, people are calling for criminal charges against individuals at the company. Certainly there is not much that can be done now, except to monitor the situation closely and try to contain the damage.
From an investing point of view, the CEO should have been removed but the fact he retired now could create more confusion in an already hectic environment. Leadership should have stayed and at the very least attempt to clean up the mess. Now, not only do this security issues have to be addressed, but the new leadership needs to be discussed now as well.
Macroaxis does not monitor all media channels or aggregates social signals for Macroaxis. But even though we do not provide professional-grade financial sentiment analysis on Macroaxis, we do publish noise-free headlines that can be used to derive useful patterns or even a trading strategy for Macroaxis. See also Stocks Correlation.