something interesting

<  BACK TO Mr. Markets

Bitcoin fall Brings Dose of Reality

FOREX_Mr-Markets_decentralization-of-blockchains_regulation_FXPIG
Time to study Cryptocurrency purpose

The fall in the value of Bitcoin this week should bring about a period of reflection concerning the use and valuation of cryptocurrencies. It is unfortunate that all it has done is divide those in this community into two clear camps.

On one side are those who have invested some time ago and are sitting on profits but were too greedy at $18k to cash out and have resorted to social media to say things like “This could be your last chance to buy below $10k” or “the biggest fall in percentage terms was when it fell from $20 to $2 in the wake of Mt. Gox”.

The other side is the naysayers who are busy telling everyone who will listen “I told you so” after selling their twenty bitcoin for $100.

What is missing, (of course you know what I am going to say) is the middle ground who has no huge inherent opinion since they only bought to study how it works or for other more academic reasons. I have said this before, cryptocurrency is in its infancy. In much the same as dot com was a gold mine to some and a disaster for others, look at today twenty-five years later. the pace innovation is moving at, that time is shrinking almost exponentially. Wait five or ten years and see what this new and innovative tool can bring to global finance then.

Revolution is an impatient master

Unfortunately, when the Bolsheviks rose up in 1917 or Castro overthrew Batista in 1959 one thing neither they nor their supporters had was patience. They didn’t sit back and negotiate or take time over a grand plan, it all had to happen now.

Such is the case with the latest revolution, which is now taking place in the world of finance. Cryptocurrency revolutionaries have no time for Central Banks, Finance Ministries and Governments who are trying to halt progress by trying to bring regulation to the wild west.

They seem to miss just about the most vital point of cryptocurrency. It is designed to be unregulated in the classic of the term. De-regulation is de-centralisation and that is where regulators should be concentrating. Looking at the fabric of blockchain as the building blocks of this revolution rather than trying to fit a “square bitcoin peg into a round FIAT currency hole is the way forward. Regulators need to become as revolutionary as the “crypto pioneers” in order to keep up.

It may not be pretty, but it must be effective. Those of a regulatory mindset don’t tend to be innovative in their outlook so as Sam Cooke said, “A change is gonna come”.

Meanwhile in Brexitland

Theresa May disappeared to China this week to drum up some trade deals but only succeeded in demonstrating how the mighty have fallen. In the James Clavell series of books which started with the acclaimed “Shogun”, he describes how Britain was able to dominate China and wrest Hong Kong from them. Unfortunately, Mrs May didn’t have the same impact. Eight-billion-pound worth of trade deals is like “pocket change” to Xi Jinping.

Back at home a report was leaked which claimed that the UK economy could slow by up to 8% depending on what kind of Brexit is finally agreed, if any.

The two sides set put their transition positions. The main stumbling block will be the treatment of EU residents arriving during the transition period. The European Commission rejected a call from the City of London to allow British Banks unfettered access to EU markets in exchange for EU banks being allowed to retain branches in London and being forced into the capital-intensive process of creating subsidiaries. I may not be a betting man, but I would be very surprised if the EU doesn't get its way without having to make such a large concession.

Time to study Cryptocurrency purpose

The fall in the value of Bitcoin this week should bring about a period of reflection concerning the use and valuation of cryptocurrencies. It is unfortunate that all it has done is divide those in this community into two clear camps.

On one side are those who have invested some time ago and are sitting on profits but were too greedy at $18k to cash out and have resorted to social media to say things like “This could be your last chance to buy below $10k” or “the biggest fall in percentage terms was when it fell from $20 to $2 in the wake of Mt. Gox”.

The other side is the naysayers who are busy telling everyone who will listen “I told you so” after selling their twenty bitcoin for $100.

What is missing, (of course you know what I am going to say) is the middle ground who has no huge inherent opinion since they only bought to study how it works or for other more academic reasons. I have said this before, cryptocurrency is in its infancy. In much the same as dot com was a gold mine to some and a disaster for others, look at today twenty-five years later. the pace innovation is moving at, that time is shrinking almost exponentially. Wait five or ten years and see what this new and innovative tool can bring to global finance then.

Revolution is an impatient master

Unfortunately, when the Bolsheviks rose up in 1917 or Castro overthrew Batista in 1959 one thing neither they nor their supporters had was patience. They didn’t sit back and negotiate or take time over a grand plan, it all had to happen now.

Such is the case with the latest revolution, which is now taking place in the world of finance. Cryptocurrency revolutionaries have no time for Central Banks, Finance Ministries and Governments who are trying to halt progress by trying to bring regulation to the wild west.

They seem to miss just about the most vital point of cryptocurrency. It is designed to be unregulated in the classic of the term. De-regulation is de-centralisation and that is where regulators should be concentrating. Looking at the fabric of blockchain as the building blocks of this revolution rather than trying to fit a “square bitcoin peg into a round FIAT currency hole is the way forward. Regulators need to become as revolutionary as the “crypto pioneers” in order to keep up.

It may not be pretty, but it must be effective. Those of a regulatory mindset don’t tend to be innovative in their outlook so as Sam Cooke said, “A change is gonna come”.

Meanwhile in Brexitland

Theresa May disappeared to China this week to drum up some trade deals but only succeeded in demonstrating how the mighty have fallen. In the James Clavell series of books which started with the acclaimed “Shogun”, he describes how Britain was able to dominate China and wrest Hong Kong from them. Unfortunately, Mrs May didn’t have the same impact. Eight-billion-pound worth of trade deals is like “pocket change” to Xi Jinping.

Back at home a report was leaked which claimed that the UK economy could slow by up to 8% depending on what kind of Brexit is finally agreed, if any.

The two sides set put their transition positions. The main stumbling block will be the treatment of EU residents arriving during the transition period. The European Commission rejected a call from the City of London to allow British Banks unfettered access to EU markets in exchange for EU banks being allowed to retain branches in London and being forced into the capital-intensive process of creating subsidiaries. I may not be a betting man, but I would be very surprised if the EU doesn't get its way without having to make such a large concession.

lastest Articles

PAMM News
Managed Forex Accounts Weekly Results (9-13.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
FOREX Week Ahead:Trade War and Trump European Trip Boost US Dollar
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (13.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
GBP/USD rebounds from near 2-week lows, back closer to 1.3200 handle
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
QE drove JPY from 2012 to 2016 - AmpGFX
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
NZD/USD scope to test 0.6675 – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
U.S. stock futures on pause with big bank earnings in focus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Quote:Turnarounds seldom turn - Warren Buffett
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Euro falls as rate expectations, trade tensions boost dollar
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREX Tech Targets 13.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold eyes $1250 as USD weakness fuels recovery
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (12.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Sterling edges up ahead of UK Brexit blueprint
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Trump reaffirms commitment to NATO after strained emergency meeting
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold clings to modest recovery gains ahead of US CPI
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Quote: Most things will prove - Pig Insider
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR futures: further downside not ruled out
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BoE Credit Conditions Survey Report: Default rates on unsecured lending rose in Q2
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (11.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Asian stocks slump after U.S. announces $200 billion in new tariffs on China
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CAD – Canadian dollar dips, BoC rate decision looms
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
China Govt to state media - keep calm, don't inflame trade row with US - Reuters
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Quote: Person who never made mistake - Pig Insider
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Gold holds weaker near one-week lows, around $1250 level
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Dollar strengthens against yen, EM rallies as trade fears wane
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREX tech targets EUR/USD sidelined around 1.1730 amidst risk-off trade
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (10.07.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold rebounds sharply from 1-week lows; will it sustain?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Trump Today: President says ‘up to the people’ whether Theresa May should be replaced as he praises her rival
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
DAX gains ground as trade tensions ease
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREX Tech Targets: 10.07.2018 EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: It was never my thinking - Jesse Livermore
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Dow set to catch its breath after racking up 320-point rally
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Technical Analysis: The recent recovery move already seems to have run out of steam
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (09.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/USD: bulls tire and daily cloud base, (1.1737), under threat
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold tries for best levels in 2 weeks after the dollar’s recent retreat
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD plummets to lows near 1.3240 as B.Johnson resigns
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD heading back towards 1.3300 amid UK political woes
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Quote: The truth - Wisdom of the Pig
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Dollar sags after soft U.S. wages data, Brexit woes weigh on pound
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREXTech Targets 09.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Weekly Results(2-6.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Forex Week Ahead: Trade Uncertainty Hits Dollar’s Confidence
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (06.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
AUD/USD fades the NFP-led spike, returns to 0.7420 area
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY turns red near 110.50 as US Dollar slips on mixed employment data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold lower but clings to weekly gain ahead of payrolls and wage snapshot
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Sterling braces for May's crunch Brexit meeting
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: Success Has To Do - Ed Seykota
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/USD sticks to gains near 1.1715 ahead of US NFP
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREX Tech Targets 26.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (05.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Sterling lifted by BOE comments but Brexit meeting curbs gains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY retreats from session highs, returns to mid-110s on weaker USD
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold tries to edge higher as dollar slips
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD eases from over 1-week high, back below mid-1.3200s after Carney
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: Cut Your Losses - Livermore
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/USD consolidates gains near 1.1685 ahead of US ADP, Fed minutes
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREX Tech Targets 05.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (04.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
USD/CAD – Canadian dollar quiet, investors eye FOMC minutes
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
China: Ready for trade war and currency battle – Nordea Markets
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD flirting with lows, below mid-1.1600s
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
China’s yuan rallies against the dollar
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: Bend your view - Pig Insider
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/USD takes a sharp U-turn, drops back to 1.1640
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREX Tech Targets 04.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (03.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
DAX rebounds with strong gains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
PBoC Official: China will not use Yuan as tool in trade conflict
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
When is NZ GDT price index and how could it affect NZD/USD?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
SEK: Cautious over the near term path - TDS
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: The First Rule - Warren Buffett
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Sterling slumps as Brexit crunch nears
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Yen bid on risk-off, Aussie unmoved by RBA, UK construction PMI in focus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (02.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
PBoC: Deliberate weakening of CNY as part of the trade war? – Nordea Markets
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
CAC dips to 7-week low, French manufacturing PMI misses expectations
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREX Tech Targets 02.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
UK: Manufacturing PMI unchanged in June at 54.4 - TDS
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: Momentum - ED SEYKOTA
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Dow futures fall more than 100 points as Trump, EU exchange trade jabs
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY looks to test 110.50 amid sell-off in European equities
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Market Events Ahead
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Weekly Results (25-29.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
FOREX Week Ahead: Dollar Strong Ahead of July 4 Holiday
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (29.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
USD/JPY sticks to daily gains above mid-110s despite USD weakness
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BoC Q2 Business Outlook Survey: Some expectation of moderation in pace of sales growth
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Cryptocurrency Daily Roundup - Jun. 29
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Quote: Seykota-short term trading
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Euro rallies on EU migration agreement; dollar slumps
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: EUR, risk rebound in Asia on EU migration deal, Eurozone CPI, UK GDP – Up next
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (28.06.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
US Dollar losing the grip, still above 95.00
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CAD recovers above 1.33 despite disappointing US GDP report
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREX Tech Targets 28.06.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: Your friend and your enemy - Buffett
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Trade uncertainty intensifies H2 2018 growth risks - ANZ
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613