By Katie Johnson in Albert Park The only thing certain about the cryptocurrency market is its uncertainty. How’s that for a troubling paradox? Volatile, risky and unreliable are all words that come to mind when remembering the fiascos bitcoin has been involved in over the years. Factor in its extreme success, and you’re left with a confusing track record that turns most away. As Jason discussed on Wednesday, it’s no surprise that people are flocking to more stable assets. Of late, this has taken the form of precious metals, mining stocks and crude oil. Investors see these assets as safe bets. Yet they are in no way new or ground-breaking. But, if you can keep your finger on the pulse, you might just find the calm in the market storm. More below… ..............................Advertisement.............................. Already IBM, Microsoft, Samsung and 30 major global banks (including Westpac and Commonwealth Bank of Australia) are using its technology… Now, thanks to an announcement by China’s Royal Mint…experts predict ‘Bitcoin 40X’ could ‘overtake Bitcoin’ in 2018… This could be your FINAL CHANCE to grab a stake in this breakthrough cryptocurrency before it eclipses bitcoin as the world’s No. 1 ‘currency alternative’. Make your move NOW | ..........................................................................
Consider this: You don’t necessarily have to buy cryptos to profit from them. For example, you may already know that Tesla batteries are made with nickel. Or that iPhone batteries are made with cobalt. Or, more importantly, that you need high-powered graphics cards to mine cryptocurrencies. In July, computer graphics card (GPU) company NVIDIA Corporation [NASDAQ:NVDA] partnered with ASUS, another computer hardware maker, to release a graphics card designed specifically for mining cryptos. The ASUS Mining P-106 is a GPU engineered for ultra-high speed, cost-effective crypto mining. It has the capacity to mine non-stop with a 36% higher hash rate (mining speed) than a regular card. Whether you’re mining bitcoin or one of the other smaller cryptos, this card is the most efficient one yet. GPU sales have also gone through the roof since the Chinese government banned bitcoin exchanges, as mining is now the only legal way to obtain coins. Due to this increased demand, NVIDIA’s stock price jumped 180% in the last year, and their GPU division earned US$1.9 billion in the second quarter alone. Clearly they were on the money. As cryptos become normalised and accepted by other governments, the demand for mining will only increase. Australia is taking the lead on that front. We are one step closer to wholly embracing cryptocurrencies. On 14 September, the Treasury Department released a statement detailing plans to make Australia a global leader in cryptos: ‘The Bill will ensure that Australians are no longer charged GST on purchases of digital currency, allowing it to be treated the same way as physical money for GST purposes. ‘…We will continue to work with the Australian FinTech industry to help create an environment where it can be both internationally competitive and play a central role in the positive transformation of our economy.’ Should this bill pass into law, the market for crypto mining could skyrocket. This would mean the need for more graphics cards, and increasingly better ones at that. So, even if you’re not thrilled at the idea of spending thousands on a single bitcoin, if you follow the crypto trail, there is still plenty to be excited about. To read more on how to take advantage of the burgeoning crypto market, click here. ..............................Advertisement..............................
You may not get a better shot at potential 10-fold gains in 2018 (or maybe ever…) I’m Greg Canavan. As Head of Research at Port Phillip Publishing, I’ve overseen four 10-baggers while I’ve been at the research helm. Just four. Which makes what I’m about to show you here a bit of a showstopper. Because I’m not going to introduce you to one potential 10-bagger — but three. You should examine the analysis I’m going to set out for you. You should look at it sceptically. You should do your own follow-up research. And then make your own reasoned judgement. But, if my analysis is sound, and you have money you can risk, you should buy the three stocks I’m about to introduce you to when the market next opens. Click here for more. | ..........................................................................
This week in Markets and Money On Monday, Shae delved into the pricey frustration of inner-city parking. Obviously, constant development in cities drives land prices higher. But what you might not know is that suburban infrastructure projects also contribute. Like a new water saving technology hitting one of Melbourne’s newest inner-city developments. To read the full story, click here. On Tuesday, Shae noted that the US dollar had plummeted 6.2% against the Aussie dollar. Meanwhile, China wants to rid itself of the greenback for good. One way they’re going to do this is by rewriting a crude oil contract in yuan, their own currency — a decision that has the potential to end the global dominance of the US dollar in the commodities market. Shae explains why this move should not be underestimated. For Shae’s full analysis, click here. On Wednesday, Jason warned against the volatility of cryptocurrencies and suggested a more reliable alternative: commodities. In the midst of global uncertainty, resource shares like nickel and copper are proving themselves to be the safest bet. To read the full story, click here. On Thursday, Shae questioned whether Amazon coming to Australia would really make that big of a splash. The statistics show that Aussies prefer to shop in-store. And if China and Mexico are any indication, Amazon may have trouble competing with the local e-commerce market. But when it comes to cloud-computing, Amazon may have an edge. For more on this story, click here. On Friday, Vern wrote about scientology and the religion’s newly-created cryptocurrency. What do they have in common? A reliance on blind belief. Vern is a sceptic when it comes to the ‘crypto bubble’…and he believes you should be too. To read the full story, click here. Until next week, Katie Johnson, For Markets & Money ..............................Advertisement..............................
Malcolm Turnbull and his cronies don’t want you to know about THIS Everyday Aussie investors now legally ‘piggybacking’ the Federal Government’s… ‘Future Fund’ …And Collecting Extra Monthly Income Injections of $540 right up to $6,667 Click here to learn everything |
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