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Elon Musk The Next "Bad Boy" Of Crypto? At Least "Incumbent" Justin Sun Thinks So

Tron (TRX) founder Justin Sun said Tuesday that Tesla Inc (NASDAQ: TSLA) CEO Elon Musk may be the next in line to receive the "bad boy" title of the cryptocurrency world. read more.....»»

Category: blogSource: benzingaMay 26th, 2021

A financial TikTok influencer with almost 500,000 followers says bitcoin is going to "get slayed" - and shares how cryptos and stablecoins make up his trading strategy

Bitcoin is the biggest cryptocurrency and, for now, dwarfs its rivals, but its days at the top are numbered, 'FinTok' influencer Crypto Mason says. Mason Versluis Mason Versluis 21-year old Mason Versluis has almost 500,000 followers on TikTok, where he shares tips on crypto and markets. He recently spoke to Insider about how he picks which coin to invest in and why. Versluis said he would like to see bitcoin 'get slayed' as other coins have far more real-use cases. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin is the biggest cryptocurrency by market value and, for now, continues to dwarf its competitors. But the rise of crypto rivals with far more real-life applications means it will be dethroned sooner rather than later, according to financial TikTok influencer Mason Versluis.21-year old Versluis also goes by the user name Crypto Mason and has almost 500,000 followers on his TikTok account, which he uses to make short videos to educate his viewers about crypto and the markets. Versluis, who has been trading crypto since he was 15, recently spoke to Insider about his outlook for the market. "The psychological thing of bitcoin always being number one and king can be gone. So, by 'slaying bitcoin', I mean I want something to pass it and then we'll see what happens after that," Versluis said. Bitcoin has a market capitalization of just under $800 billion, out of the roughly $1.9 trillion that the entire crypto market is worth, according to CoinMarketCap.In the last 12 months, it's gained almost 350% in price, but Versluis thinks there's more value to be had elsewhere. "My dad actually told me about XRP when I was 17, and I've been in ever since, off and on," he said."I am one of these people who think XRP is a 'better bitcoin'. And it actually tackles the payments problem better than bitcoin can or ever will," he added. Ripple Lab's XRP token is used in fast-payments systems - an area where bitcoin cannot really compete given how slow its network is in comparison. XRP is one of the larger crypto coins and has kept pace with bitcoin in the last year, rising around 320%.Ether, the native token of the ethereum network, is the second-largest cryptocurrency and accounts for about 20% of the market. Its blockchain's ability to run decentralized finance applications, smart contacts and other protocols has seen a rush of investor cash into ether this year, which has gained almost 800% in that time. "It's got to have use cases, meaning: does this token do nothing? Am I just buying this token because I think it's going to go up in value?" Versluis said."That is what I am personally invested in, just because of the potential - they actually do something. Ethereum has so many decentralized applications built on it," he added.When it comes to taking a position in a coin, Versluis says he isn't a day trader. "That's a lot of stress, you've got to be at your computer watching the markets," he said."I'll see an opportunity, put some money in, and I'll basically ride that rocket up until I think it's time to sell. I sell out of it and I put it into a stablecoin, such as USDT or USDC. And then, I just make profits, and then I'll reinvest some of that into my main portfolio. So it's a slow process," he said.As a relatively young trader who says part of his crypto passion is its decentralized, free nature, the question arises as to what Versluis thinks about regulation in this market. Unlike a lot of crypto fans, he's not against it. But he does believe that any rules need to adapt to the reality of the crypto market and one size does not fit all. "It's a digital world. And we're only going to get more digital and more virtual," he said."They can't just take the old system, laws and slap it on to crypto. It doesn't work. So, what's gonna come out of this is a whole new way of looking at these tokens."Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 25th, 2021

China"s Crackdown On Crypto Is A Big Opportunity For The US, Says Senator Pat Toomey

A wave of fear on the back of China’s latest crypto ban sent Bitcoin (CRYPTO: BTC) tumbling down to $40,900 — but one U.S. senator thinks of it as a “big opportunity.” What Happened: Sen. Pat Toomey, a Pennsylvania Republican, called China’s crypto crackdown a big opportunity for the U.S. read more.....»»

Category: blogSource: benzingaSep 24th, 2021

Crypto billionaire Mike Novogratz says bitcoin holding at $40,000 shows the market is in good shape - and recommends buying the dip

Mike Novogratz said investors are still very interested in crypto and that he's not nervous about the recent sell-off. Mike Novogratz is one of the biggest names in crypto. Photo by John Lamparski/Getty Images Mike Novogratz said bitcoin bouncing off $40,000 is a good sign for the crypto market. He said he's not worried about the recent sell-off and that it's a "buy-the-dip" opportunity. Bitcoin and ether fell sharply on Monday as the Evergrande crisis rattled financial markets. See more stories on Insider's business page. Billionaire crypto investor Mike Novogratz has said bitcoin holding firm at $40,000 during the recent sell-off is a good sign for the market, and recommended buying the dip in digital assets.Speaking after cryptocurrencies sold off sharply at the start of the week, Novogratz told CNBC earlier this week that he thought the market remained in good shape. Cryptocurrency prices rallied on Thursday, with bitcoin and ether rising along with altcoins."We held $40,000 overnight in bitcoin and $2,800 in ethereum. I think those are very important levels for people to watch. As long as those hold a think the crypto market is in good shape," he said.Bitcoin rallied 5% to $44,159 on Thursday, according to Coinmarketcap, while ether - the cryptocurrency on the ethereum network - rose 6.4% to $3,122.Yet both remain considerably lower than on Monday, when bitcoin stood above $47,000 and ether was above $3,300. They fell sharply on Monday, with bitcoin testing $40,000 on Tuesday, as worries about Chinese property developer Evergrande shook markets, causing investors to ditch riskier assets.Read more: 3 altcoins to buy: a crypto consultant explains why ether could surge to $15,000 and flip bitcoin, and criticizes one token as an overvalued 'joke'Novogratz said he's not nervous about the declines, however, and said he thinks it's a "buy-the-dip" situation.The crypto billionaire, a former hedge fund boss who founded the digital assets investment firm Galaxy, said he's seeing lots of engagement and activity in the crypto market. He pointed to SoftBank's participation in a $680 million funding round for sports NFT marketplace Sorare.Novogratz said he thought Monday's sell-off was also driven by concerns about regulation in the US. "The market got itself a little too long," he said.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 23rd, 2021

ALTCOINS TO BUY: Crypto experts share the best investing opportunities they"re seeing outside of bitcoin

Insider has talked to several experts about which altcoins they like most, why they're bullish, and what they recommend others should be buying now. In this photo illustration of the litecoin, ripple and ethereum cryptocurrency 'altcoins' sit arranged for a photograph Jack Taylor/Getty Image Thousands of cryptocurrencies now exist. It can be difficult to pick winners in such a saturated space. Insider has asked several experts about where they see the biggest opportunities in altcoins. See more stories on Insider's business page. Cryptocurrencies have exploded in popularity over the last several months. Of course, the most popular remains bitcoin.But some other smaller cryptos are gaining serious steam as well, as the concept of digital currencies continues to seep into the public consciousness.However, it can be difficult to know which cryptocurrencies to invest in, or whether you should in the first place. There are currently thousands of different types of coins on the market. And some - like dogecoin, which was founded as a joke - don't appear to be serious. Others, like some built on the Ethereum blockchain, appear to have better use cases. And overall, there are legitimate concerns over whether the altcoin boom is unsustainable and will soon come crashing down.Crypto is an esoteric domain - its intricacies can be difficult to understand, especially for those new to the space.To help cut through the noise, Insider has talked to several experts about which altcoins - cryptocurrencies other than bitcoin - they believe have the best upside. These experts also described the fundamentals and technicals that make these altcoins attractive. Their views are shared in the articles below.imghed with link and appendage blurb Coach JV, crypto investor and founder of 3T Warrior Academy. Coach JV 4 altcoins to buy: A 12-year banking veteran says the biggest generational wealth transfer that's about to take place will trigger a 'parabolic' bull run in crypto. He explains how he's maximizing gains on the cryptos he's holding.John Vasquez quit a 12-year banking career to dive into crypto full-time.He's betting that the massive wealth transfer from baby boomers to their younger heirs will lead to a crypto boom.Vasquez, known as Coach JV on social media, explained what people should know about crypto before investing and the altcoins he's buying. Adrian Zduńczyk. Adrian Zduńczyk 5 altcoins that could surge 10-100x in the coming 'legendary' altcoin season that outshines bitcoin, according to a crypto technical analyst who's holding themCrypto technical analyst Adrian Zduńczyk says some altcoins due to outperform bitcoin in a "legendary" way. Zduńczyk is the founder and CEO of the Birb Nest, a trading platform. He shared five altcoins with us that he thinks could surge 10-100 times. Matthew Sigel is the head of digital assets research at VanEck. VanEck The head of digital assets research at an $81 billion money manager breaks down 3 drivers fueling the $2 trillion crypto market's latest bull run - and shares 3 competing altcoins to ethereum, including one that could nearly double in the next yearEthereum is the second-biggest cryptocurrency at the moment, sitting behind bitcoin. But it has problems like expensive transaction fees. Matthew Sigel, head of digital asset research at VanEck, shares three altcoins to rival ether. Evergrande is China's second-biggest property developer. Noel Celis/Getty Images A trader who warned of the 2017 and 2021 bitcoin bull market tops shares 4 altcoins he's bullish on for the long-term - but breaks down why Evergrande's crisis is keeping him away from crypto at the momentThe looming debt crisis of Chinese real estate developer Evergrande sent shockwaves through global equity markets in September - and crypto was not spared.Given the recent sell-offs, Goodman said he was keeping his money on the sidelines in the crypto space until prices appear to be in an uptrend again. He shared four projects he thinks can do well in the longer-term. STR/NurPhoto via Getty Images Bitcoin is ready for a 'monster run' up to $85,000 if it clears a key resistance level, a crypto evangelist predicts - and shares 7 altcoins he's bullish on nowEthereum's major upgrade in early August led to a 9.6% intraday price spike, and investors haven't yet sold the positive news. That's one reason why David Gokhshtein is bullish. He also told us his theses for six smaller altcoins he owns. A local business in El Salvador that accepts bitcoin payments. Alex Pena/Anadolu Agency via Getty Images Why crypto crashed: 4 experts break down what Tuesday's sudden drop might mean for the altcoin season and NFT frenzy - and share 12 high-quality tokens that are likely to continue rallying toward the year's endVarious cryptos tumbled on Tuesday September 7 as El Salvador officially adopted bitcoin as legal tender. By the following morning, more than $3.25 billion in crypto positions had been liquidated over 24 hours, affecting more than 300,000 traders, according to Bybit. We asked experts what was driving the sell-off, and where they recommended buying dips. Dogecoin is a 'meme' cryptocurrency, seemingly created as a joke Yuriko Nakao/Getty The chief economist of a blockchain data firm breaks down why the current dogecoin rally has more legs to run - and lays out why 'anything is possible' for the altcoin, including reaching $1When dogecoin rose over 12,000% to $0.68 earlier this year, it shocked the investing community. It has since cooled off, though its price has picked up in recent weeks. It now sits around $.027. What will it do next? Chainalysis chief economist Philip Gradwell broke down why he think it will go to $1. crypto coins circle Nurphoto WATCH: Crypto analyst David Grider and venture capital investor Ria Bhutoria discuss state of the market, under-the-radar altcoins, and outlook on regulationInsider recently hosted a live webcast featuring two crypto experts. They broke down their views on everything from the recent slump to the possibility of regulation. Lyn Alden is the founder of Lyn Alden Investment Strategy Lyn Alden Investment Strategy Bitcoin to $100,000 and ether to $5,000: Famed investment strategist Lyn Alden explains her bullish predictions for the largest cryptos in 2022, and why there are only 2 altcoins worth watchingLyn Alden says most altcoins are "smoke and mirrors." But there are at least two with interesting technologies that are worth watching. Marnie Griffiths/Getty A crypto evangelist explains why he's going 'all in on altcoins' - and shares why he's worried about bitcoin whales taking over that marketAs some altcoins have shown, there is potential for huge appreciation in crypto outside of bitcoin. David Gokhshtein is one investor that's looking to take advantage of these opportunities. He shared two altcoins he's bullish on. Mack Lorden, left, and Lucas Dimos are TikTok crypto influencers. Mack Lorden and Lucas Dimos 2 crypto traders and TikTok influencers share their 6 go-to altcoins for riding out crypto bear markets - including one that's up more than 11,000% since its launch in 2017The broader crypto space just went through a rough patch after huge gains earlier this year. Like any asset class, it has its bull and bear markets. When crypto bear markets do come, crypto influencers Mack Lorden and Lucas Dimos told us that six altcoins in particular help them hedge losses. Many investors are excited about the Ethereum network's uses. SOPA Images/Getty Images The head of institutional coverage at crypto trading platform FalconX shares 9 Ethereum-tied digital tokens to take advantage of the DeFi revolution - and breaks down why Ethereum still has 'significant' upsideMany altcoins are built on top of the Ethereum blockchain. Aya Kantorovich, the head of institutional coverage at crypto exchange FalconX, shared nine coins built on top of the ethereum blockchain that she thinks have solid use cases."I personally always like coins with application," Kantorovich said.Read the original article on Business Insider.....»»

Category: worldSource: nytSep 22nd, 2021

Wednesday links: inevitable corrections

MarketsNewer investors have been trained to buy the dip. (compoundadvisors.com)Some signs of panic in Hong Kong stocks. (sentimentrader.com)GMO thinks nearly every asset class is overvalued. (ft.com)StrategyFive characteristics of a good fund allocator. (bpsandpieces.com)How to think about tweaking a 60/40 portfolio. (blog.validea.com)Some things Liz Ann Sonders has learned along the way. (schwab.com)CryptoDapper Labs, of NBA Top Shot fame, just raised new capital at a $7.6 billion valuation. (cnbc.com)Invesco ($IVZ) has teamed up with Galaxy Digital to build out a suite of crypto ETFs. (theblockcrypto.com)AppleApple ($AAPL) has now sold 2 billion iPhones. (asymco.com)Why Apple ($AAPL) keeps older products around. (macworld.com)Apple ($AAPL) is working on technology to help diagnose depression and cognitive decline. (wsj.com)Apple ($AAPL) has a Texas problem. (popular.info)IPOsToast ($TOST) is having quite a debut. (cnbc.com)Bill Ackman is cashing in on the Universal Music Group debut. (institutionalinvestor.com)FinancePrivate equity is increasingly in the business of life insurance. (wsj.com)Intuit ($INTU) is getting into corporate venture. (techcrunch.com)Pre-deal SPACs now have their own ETF. (etf.com)Earlier on Abnormal ReturnsPersonal finance links: the power of saving. (abnormalreturns.com)What you missed in our Tuesday linkfest. (abnormalreturns.com)Research links: genuine stock selection skill. (abnormalreturns.com)Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)Mixed mediaThe time VCs have to make an investment decision has dramatically shrunk over time. (avc.com)Startup founders are cashing out earlier than ever. (theinformation.com)Most Canva users don't pay for the product. (protocol.com).....»»

Category: blogSource: abnormalreturnsSep 22nd, 2021

Big Banks Beat Expectations to Begin Earnings Season

Big Banks Beat Expectations to Begin Earnings Season Stocks spiked this morning after earnings season unofficially began with a trio of strong quarterly reports from big banks. However, the major indices ended mixed on Wednesday with two coming off intraday highs and the NASDAQ plunging by about 1%. The big story of the session was quarterly reports from JPMorgan (JPM, -1.87%), Goldman Sachs (GS, +2.34%) and Wells Fargo (WFC, +5.53%). Each of these banking behemoths beat on both the top and bottom lines. In fact, JPM crushed the Zacks Consensus Earnings Estimate by 47.5%, while GS beat by 90% and WFC surprised by 52.2%. That’s a nice start to an earnings season with some lofty expectations, including earnings growth of more than 20% and revenue growth of about 5.6%. It was also encouraging that Wall Street responded well to two of those reports, suggesting that finicky investors were impressed by what they saw. Given these strong reports from big banks, the Dow managed to stay in the green on Wednesday even as its counterparts slipped into negative territory. It gained 0.16% (or about 53 points) to 33,730.89. However, it pulled back from an intraday high earlier in the session after soaring by approximately 200 points. The S&P momentarily reached a new high on Wednesday as well, which wasn’t too hard since it was at a record when the opening bell rang. But it declined as the day continued and finished lower by 0.41% to 4124.66. A rough day for tech fought against the strong earnings reports, which impacted the S&P but really shellacked the NASDAQ. The tech-heavy index dropped 0.99% (or about 138 points) to 13,857.84. For a moment, the NASDAQ joined its counterparts in the morning rally and briefly crossed 14K again, but finished with a loss that pretty much takes out Tuesday’s 1.05% advance. All of the FAANGs were lower, especially losses of more than 2% for Facebook (FB) and Netflix (NFLX), as well as dips of nearly 2% for Amazon (AMZN) and Apple (AAPL). Meanwhile, Tesla (TSLA) was off almost 4% and Microsoft (MSFT) dipped over 1%. The other big story of the day was Coinbase (COIN) going public through a direct listing, which soared to nearly $430 this morning. In other words, it had a more than $100 billion valuation for a while, but then things calmed down and it closed at $328. “This is a landmark moment for the crypto space and a huge success story,” said Dan Laboe in today’s Headline Trader. “Coinbase is the first crypto company IP, and its massive initial valuation reflects the excitement in the market about this technology.” Speaking of excitement, we’re at the start of earnings season and some of the big names reporting tomorrow include Bank of America (BAC) and Citigroup (C), among dozens of others. And let’s not forget that Taiwan Semiconductor (TSM) goes to the plate on Thursday as well. Today's Portfolio Highlights: Headline Trader: These big banks reporting this week will have to deliver fantastic results to see positive price action... and that’s exactly what financial giant Goldman Sachs (GS) did this morning. In fact, Dan called the report “unbelievable”. Earnings soared 500% year over year and beat the Zacks Consensus Estimate by 90%, while sales jumped 159% year over year. The top line also beat our expectations by 48%. Despite soaring 55% over the past six months to new highs, the editor still thinks GS is a “tremendous” buying opportunity with a price target poised to jump. The company has been a very adept deal maker amid this unprecedented pandemic, and has been taking full advantage of market volatility that is primed to return in the coming months. It has a bunch of big deals and market action all set for the rest of 2021. Dan is a big fan of GS, especially after today’s report, and so he added the stock on Wednesday. Make sure to read his complete commentary for tons of information on this new pick. Surprise Trader: Earnings season has finally begun, so its about to get a whole lot busier for this portfolio. On Wednesday, Dave went to the transportation – truck industry to pick up Landstar Systems (LSTR), a Zacks Rank #2 (Buy) provider of integrated transportation management solutions. The company has beaten the Zacks Consensus Estimate for three consecutive quarters now, and has a positive Earnings ESP for the quarter coming after the bell on Wednesday, April 21. The editor added LSTR today with a 12.5% allocation, while also selling Golden Entertainment (GDEN) for a 15.1% return in just a little over a month. Read the complete commentary for more on today’s moves. Blockchain Innovators: "The excitement today surrounded the IPO of cryptocurrency exchange Coinbase. Trading under the ticker COIN, Coinbase's direct listing price of $250 gave it a valuation of $65 billion. Compare that to the CME Group's $74 billion valuation and you see just how big this crypto game has become. If you think that's a starry-eyed valuation, think again. CME Group is set to post about $1.2 billion in revenue this upcoming quarter, while Coinbase posted $1.8 billion in revenue last quarter. "That $250 never printed as the stock opened up for trading this afternoon at $381. It spiked up to $430 in the first few minutes before rolling over and spending the next few hours searching lower for a bid. That bid finally came back in down at $310, with the stock eventually ticking up to $328. That puts the company at an $85 billion valuation on the first day of trading. "A great start to earnings season with financials having a good day. An exciting IPO in Coinbase helped create a buzz in the market. From here on out, it is a sprint as earnings season is underway. Early on, it is all about the financials, which could continue to help the small caps along. For now, it is a very good sign." -- Dave Bartosiak Have a Great Evening, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Strong Start to the Week for Tech; NASDAQ Jumps 1.4%

Strong Start to the Week for Tech; NASDAQ Jumps 1.4% The final week of May kicked off with a solid rally for all major indices on Monday. However, the highlight was a strong session for tech that lifted the NASDAQ well over 1% for the second time in the past three sessions. The index soared 1.4% today (or about 190 points) to 13,661.17. The NASDAQ was the only major index with a positive performance last week (+0.3%), which snapped a four-week losing streak as tech bounced back after getting pummeled amid inflation fears. The FAANGs all had a fantastic session, especially Facebook (FB) and Alphabet (GOOG) each rising by more than 2.5%. Furthermore, Apple (AAPL), Amazon (AMZN) and Netflix (NFLX) advanced by more than 1% each. Microsoft (MSFT) had a nice session too with a jump of 2.3%. "The rotation out of tech and into Dow components seems to have taken a pause here. It should come as no surprise that this is happening after some really great reports out of chip stocks. The shortage is not hitting the bottom line like some folks had feared," said Surprise Trader editor Dave Bartosiak. "The market is now already ahead of the commodity craze and looking to the next best thing. For so many quarters that has been the growth story and the tech story. Here we go again." The S&P is now up for the month of May after climbing 0.99% on Monday to 4197.05. The Dow has gained for three consecutive days after rising 0.54% (or around 186 points) to 34,393.98… and is also in the green for the month. These indices declined 0.4% and 0.5%, respectively, last week. The market’s performance was aided by a rebound in cryptocurrency. Yesterday, Bitcoin slipped almost as far as it did last Wednesday when the price dipped 50% from recent highs. However, it jumped nicely today by approximately 13%. Today's Portfolio Highlights: Technology Innovators: As you already know, Brian thinks this chip shortage is coming to an end and considers the chip suppliers to be a great way to capitalize on this change. So he started off the week by adding Camtek (CAMT), a Zacks Rank #1 (Strong Buy) maker of automatic optical inspection systems. In other words, the company uses its scanning technology to help develop chips. CAMT has beaten the Zacks Consensus Estimate in the past two quarters, including a positive surprise of 22% most recently. Furthermore, the editor thinks estimates will continue moving higher due to the company’s rising margins and analysts’ topline growth forecast of 58% for this year. Read the full write-up for a lot more on this new addition. Surprise Trader: With earnings season winding down, Dave plans to add only three names this week. The first is casual apparel & accessories company Guess (GES), which is in the top 17% of the Zacks Industry Rank as part of the Textile – Apparel space. This Zacks Rank #1 (Strong Buy) has easily beaten the Zacks Consensus Estimate in the past three quarters with its most recent surprise being 107%. It now has a positive Earnings ESP of 20% heading into its next report after the bell on Thursday, May 27. The portfolio added GES on Monday with a 12.5% allocation, while also getting out of Flowers Foods (FLO) because the position was a “dud”. Read the complete commentary for more on all of today’s action. Black Box Trader: There were lots of changes in this week's adjustment as more than half of the portfolio was changed. The six stocks that were sold today included: • Marathon Petroleum (MPC, +1.37%) • United Natural Foods (UNFI, +1.11%) • US Foods (USFD) • Abercrombie & Fitch (ANF) • U.S. Steel (X) • Kohl's (KSS) The new buys that filled these spots were: • Berry Global (BERY) • Bloomin' Brands (BLMN) • CNH Industrial N.V. (CNHI) • Graphic Packaging (GPK) • Oceaneering Int'l (OII) • Tenneco (TEN) Read the Black Box Trader’s Guide to learn more about this computer-driven service. Counterstrike: "This market does not know how to sell off and there is one reason: There is no supply. Everybody that wanted to sell basically did just that over the last few weeks as we tested to 50-day MA in the SPX. That double test proved to be too much for the bears and since then, we have seen a slow grind higher as the sellers are gone "So now, you can't be bearish. There was every reason to sell this market over the last few weeks and while we did see some weakness, it couldn't break. The up only crowd is too strong and even the crypto markets couldn't be broken. "For our style the lack of a pullback is disappointing. However, we have changed that style a bit and found some success in the buys we had the last couple weeks. Going forward, I will be looking for more relative strength combined with technical levels to find our new positions." -- Jeremy Mullin, who had one of the top performers today as Grayscale Bitcoin Trust (GBTC) rose 10%. All the Best, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>  Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

"Tired, Divided, & Dejected" Canadians Give Trudeau Liberals Another Minority Government In Election

"Tired, Divided, & Dejected" Canadians Give Trudeau Liberals Another Minority Government In Election Justin Trudeau’s Liberals won another minority government in Canada’s federal elections held amidst the pandemic. The Epoch Times' Isaac Teo reports that while not all ballots are counted yet and mail-in ballots are to be counted in coming days, Liberals secured enough seats to be able to form a minority government, but will remain short of the 170 seats required to form a majority government. The Liberal Party, promising to continue its progressive path on climate action and finishing “the fight against COVID-19,” won or was leading in 156 ridings in the early hours of Tuesday, close to its 155 seats at dissolution. The opposition Conservatives, touting the party’s platform for “Canada’s recovery,” won or were leading in 121 ridings, close to their 119 seats at dissolution. Bloc Québécois, which continued its Quebec-first message throughout the campaign, won or was leading in 27 ridings, close to its 32 seats the party held at dissolution. The NDP, which was competing for the progressive votes with the Liberals and counting on the popularity of leader Jagmeet Singh, won or was leading in 21 ridings, also close to its 24 seats at dissolution. The Greens held on to the two seats they had at dissolution, while leader Annamie Paul failed to win in her riding of Toronto Centre. Long-time Green MP Elizabeth May won in her BC riding while fellow BC Green incumbent Paul Manly lost in his riding, but the loss was offset with Green candidate Mike Morrice winning in the Kitchener Centre riding. Maxime Bernier’s People’s Party didn’t win any seats, including in Bernier’s riding of Beauce in Quebec, which was won by the incumbent Conservative candidate. The party, which had campaigned on upholding personal liberties and fighting for COVID-19 vaccine choice, increased its share of national vote to over 5 percent as of the early hours of Tuesday, up from less than 2 percent in 2019. Throughout the campaign, the Trudeau Liberals had defended their decision to call an election only two years after the last one, when they lost their majority in the 2019 election, saying Canadians needed to decide who will lead the country toward ending the pandemic. Both leaders of the leading parties remained defiant in their post-election speeches, although Trudeau was expecting to win a majority, and Conservative Party Leader Erin O’Toole to form government. “You are sending us back to work, with a clear mandate to get Canada through this pandemic and to brighter days ahead,” Trudeau said in his victory speech in Montreal. “I see Canadians standing together; together in your determination to end this pandemic, together for real climate action, for $10 a day child care, for homes that are in reach for middle class families, for our shared journey on the path of reconciliation.” Conservative Leader Erin O’Toole and his family watch early election results in Oshawa, Ont., on Sept. 20, 2021. (The Canadian Press/Adrian Wyld) In his concession speech in Oshawa, O’Toole said “Canadians did not give Mr. Trudeau the majority mandate he wanted.” “In fact, Canadians sent him back with another minority at the cost of $600 million and deeper divisions in our great country,” he said. “I challenged the prime minister to put the unity of this country and the well being of its people first and I told him, if he thinks he can threaten Canadians with another election in 18 months, the Conservative Party will be ready.” The final vote count of the election will be announced once the approximately 800,000 mail-in ballots are counted. Counting on those ballots will begin on Tuesday. However, as Cory Morgan writes at The Epoch Times, the biggest losers in the 2021 federal election are Canadians. At a cost of over $600 million dollars and the disruption of our lives for over a month, we find ourselves nearly exactly where we began. Prime Minister Justin Trudeau was accused of holding an election about nothing and the results are reflecting that. We are tired, divided, and dejected, and it all appears to have served no purpose. It is astounding how similar the 2021 election results are to the 2019 outcome. While he remains holding a minority government, Trudeau will not need to fear losing a confidence vote any time soon. Even though wasn’t given a clear mandate to govern, Canadians will not put up with being sent to the polls again soon. Trudeau is going to have to consolidate his leadership, though, and quickly. While the Liberal Party remains in power, insiders can’t be happy with the failure to grab a majority government in this election. The blame will fall upon Trudeau and many party members will not want to give him another kick at the electoral cat. While another election may not be immediately imminent, it likely will come within two years. Those within the Liberal Party who want a new leader are going to act to unseat him sooner rather than later. Trudeau will have his hands full keeping his party loyal at bay. Regionally, the nation is as divided as ever. While this election campaign didn’t have as much inter-regional vitriol than past ones have had, the outcome shows a clear regional split within Canada. The prairies went almost entirely Conservative, while the rest of the nation went predominantly Liberal. The Bloc Quebecois remains strong within Quebec, and interior BC has shunned the Liberals. Conservative Leader Erin O’Toole held his ground but alienated much of his base as he took on a campaign of compromise in hopes of making a breakthrough in central Canada that never materialized. Small-c conservatives are going to want to move the party back to traditional conservative values while O’Toole’s supporters will want the party to hold the line. Many will be asking what the point of pragmatism was if it didn’t move the dial. As with every other party, the seat count for Jagmeet Singh’s NDP didn’t change much. NDP supporters hoping for a return to the heyday of Jack Layton’s days are surely disappointed but the party held its own. The federal NDP isn’t as inclined to tearing out its own leaders as conservative parties tend to be. Singh may choose to move on or may keep leading. Unlike other leaders, the choice will likely be his. The PPC failed to win a seat and this will make their survival difficult in years to come. They impacted the results but didn’t garner enough votes to be fully blamed for the Liberal victory. They established a solid base of support and surprised the country with their momentum. That said, it is tough to stay in the spotlight without a seat in parliament. Their support is based predominantly on the movement to resist COVID-19 restrictions, and they will need to broaden their appeal beyond that or that support level will become a hard ceiling for them. They made inroads, yet still may not endure as a lasting party. Time will tell. Annamie Paul of the Green Party failed to win her own seat. I suspect that she will step down as leader soon. She was treated terribly by her own party and won’t have the anchor of a seat to secure her position. With a couple of seats in the parliament and an established brand, the Green Party will endure with a new leader and maintain its niche in politics. Elizabeth May won her seat and she has been less than supportive of Paul. Nobody can look at the 2021 election and say that it was a good thing for Canada. There truly was no winner. Every leader is now in a tenuous position within his or her party. No new visions were put forth in the campaign to be embraced or rejected by Canadians. We don’t feel a sense of renewal or new direction, we only feel exhaustion and frustration and it all appears to have been for nothing. The 2021 election will go down as the $600 million dollar stalemate. What a colossal waste of resources, both fiscal and emotional. Tyler Durden Tue, 09/21/2021 - 07:30.....»»

Category: blogSource: zerohedgeSep 21st, 2021

Mark Cuban explains why crypto is the future, especially as the world recovers from a generational pandemic

Cuban outlined the two reasons why he thinks the country should shift to digital currencies: more access, lower cost. Mark.....»»

Category: dealsSource: nytMay 9th, 2021

Billionaire Elon Musk thinks crypto exchange Coinbase should begin to trade dogecoin

Musk's Tesla had used Coinbase to buy $1.5 billion worth of bitcoin last month, but the platform does not support dogecoin trading yet. Tesla CEO Elon Musk. Hannibal Hanschke-Pool/Getty Images Crypto exchange Coinb.....»»

Category: topSource: businessinsiderMar 15th, 2021

Mark Cuban predicts bitcoin, top cryptos to thrive like tech-bubble survivors

Billionaire Mark Cuban thinks the crypto craze that’s sweeping across the investment community is “exactly like” the 1999-2000 tech bubble......»»

Category: topSource: foxnewsJan 12th, 2021

Key Words: Mark Cuban says recent crypto trading is ‘exactly like the internet stock bubble’

Billionaire Mark Cuban thinks bitcoin can 'survive and thrive'.....»»

Category: topSource: marketwatchJan 11th, 2021

The Cryptocurrency Act of 2020 Is ‘Dead on Arrival,’ Washington Tells Sponsors

The 'Youngest Bitcoin Millionaire' and Metal Pay CEO worked on an omnibus crypto regulatory bill introduced by Rep. Paul Gosar (R-AZ). This is what the industry thinks......»»

Category: forexSource: coindeskMar 10th, 2020

At a Refugee Camp in Iraq, a 16-Year-Old Syrian Is Teaching Crypto Basics

Here's what an unbanked refugee really thinks about crypto......»»

Category: forexSource: coindeskDec 15th, 2019

New IRS Warning Letters Target Crypto Investors Who Misreported Trades

The IRS is sending another round of warning letters to crypto users, this time to taxpayers who it thinks misreported income on exchange transactions......»»

Category: forexSource: coindeskAug 14th, 2019

"Every investor should buy crypto"

Bitcoin bull Michael Novogratz thinks every investor should hold cryptocurrencies......»»

Category: marketsSource: cnnMay 9th, 2018

Every investor should buy crypto, says digital currency index founder

Bitcoin bull Michael Novogratz thinks every investor should buy cryptocurrencies......»»

Category: topSource: moneyMay 9th, 2018

The cofounder of a streaming-music app has launched 2 crypto funds - and he thinks he"ll be managing $500 million by year end

Kim Kyung Hoon/Reuters Jonathan Benassaya's IronChain Capital launched two mutual fund-like products for cryptocurrencies on Friday.  Benassaya, who cofounded music-streamin.....»»

Category: topSource: businessinsiderMay 11th, 2018

Central bankers claim bitcoin could break the internet — the crypto world thinks they"re missing the point

REUTERS/.....»»

Category: topSource: businessinsiderJun 19th, 2018

How to Last the Crypto Winter? Seek Simplicity, Manage Complexity

Decred's Jake Yocom-Piatt explains in this exclusive op-ed why he thinks information asymmetry is a key factor driving the manic buying and panic selling cycles in the crypto markets......»»

Category: forexSource: coindeskJan 3rd, 2019