Tag:

bitcoin

Debunking Netflix stock price propaganda: Subscriber Growth™!

My Debunking BitCoin Propaganda series of articles during the boom-and-bust period of cryptocurrencies was relatively well-read, mainly because it takes a step back from all the noise and carefully dissects the loud cheers and platitudes crypto pumpers were using to drown out rational thought.

Considering the accurate forecasting of those articles, … Read more

Goldman Sachs sets the Netflix trap

The pump-and-dump is on.

Back when BitCoin and other cryptocurrencies were ascending to unprecedented and irrational highs, I churned out article after article detailing all the analysis from first principles why the real valuation of cryptos is zero, and not $20,000/BTC.

I started writing about the cryptocurrency bubble when BTC was hovering around $… Read more

BitCoin’s “Network Effect” is a euphemism for pyramid scheme

The “network effect” has already been debunked many times indirectly in my other articles, particularly the one where I rebut Max Keiser and go into detail how building upon a protocol does not guarantee success of any individual cryptocurrency.

It seems like this mantra claiming that BitCoin has intrinsic value due to its “network ef… Read more

How much is social media group-think fueling financial bubbles like BitCoin? #HODL

I think now is as appropriate of a time as any to tie together two topics I’ve written about extensively on this blog: anti-social media and cryptocurrencies.

It’s hard to ignore the financial news from yesterday: cryptocurrencies with another double-digit percentage drop, stock markets dropping about 5%, volatility up 100%.

With regards … Read more

Thursday Thoughts: cryptocurrency hype is dead, enough with Russia

Thursday Thoughts are a series of recent observations too short to merit their own article, but still important when analyzing today’s technological, economic and psychological trends.

A moment of silence for cryptocurrencies

Another 10% rout today brings the total drop-off over 50% within the span of six weeks for BitCoin and many other cryptos.  T… Read more

If Tuesday was a violent selloff, then the looming recession will be armageddon

Oxford Dictionary’s 2017 word of the year was “youthquake”.

Merriam-Webster Dictionary’s 2017 word of the year was “feminism”.

A word that would run in my personal Top 10 of 2017 is “violence”. In many ways, it is related to the above two: “youthquake” and “feminism”.  Th… Read more

Netflix and BitCoin have disturbing similarities

Netflix is poised to pop 10% or more at the opening bell today after reports of subscriber growth beating estimates.  6.36 million new subscribers signed up in the fourth quarter, better than the 5.1 million expectation from analysts.

Yippee.

I don’t have anything against Netflix as a company.  I am not a Netflix subscriber, but I think it is great t… Read more

Debunking more BitCoin propaganda: down 50% in 10 days, up 1000% in 10 months

Who cares that BitCoin dropped 50% in 10 days. It has gone up 1,000% in the past 10 months!

This persuasive line is not specific to cryptocurrencies, but to any pyramid scheme.  For the impatient and greedy, the statement reads like “get in now and join the party or miss out forever”. For anyone that stops and thinks about it critically, it tells y… Read more

Debunking more BitCoin propaganda: blockchain “revolutionizes trust”

In this edition of DBP (Debunking BitCoin Propaganda), I am not going to attack the premise that the blockchain algorithm solves a decentralization problem.  It does.  By distributing the information among millions of clients it becomes very difficult to manipulate the ledger, thus all “coins” that exist in the ecosystem utilizing any o… Read more

Debunking more BitCoin propaganda: “you can’t efficiently transact with it, but the same is true with stocks”

It’s what cheerleaders do best — chant team slogans and optimistic phrases to psyche up the home team.

Here’s a slogan I see peppered throughout financial message boards, particularly in threads that dare criticize cryptocurrencies:

You can’t efficiently transact with [BitCoin], but the same is true with stocks

A bit of paraphras… Read more