“The time to buy is when there’s blood on the streets” – Baron Rothschild
You have probably heard these stories, but let me explain why they are as important today as they were 100 years ago when first spoken. Not only that, it is just as relevant today. A bit of a background first.
Napoleon was at war with England. The Battle of Waterloo, it was England’s last chance to save itself, and remain as England. Baron Rothschild was standing at his post in the London stock exchange. If England wins, the market will rally, if Napoleon wins, it will go to shit. Baron Rothschild sends his private messenger to Waterloo and demands that he return to him and report who won the war.
His messenger does so and makes it in time before the public knows anything. England had won the Battle of Waterloo. At his stand on the exchange, what does Barron do? You would think buy up stocks right? Nope, Baron starts to sell, at first slowly, and then faster. The other brokers on the floor watch what Rothschild is doing and think “Baron knows something, we lost, start selling”. Now, the brokers on the exchange begin selling in a frenzy. In the midst of all this, Baron begins placing buy orders at the bottom of the market through other brokers who do not know it’s him buying. On that day, Baron Rothschild purchased almost all the stock of the whole London exchange, and in less than an hour later, the public announcement was made, England had won, and the stock market shot up as buyers were in a frenzy to buy back all the stock they had sold.
Yes, to buy when there’s blood on the street is a secret to making tons of money, but what Baron didn’t tell you is how he, and plenty of others, continue to do this today. This is more so applicable today to bitcoin than at any time before. Why? Because wall st. was late to the bitcoin game, they heard about it after it had already shot up to $20,000- and that’s not where they wanted to get in. So what is happening right now?
Well, better than I explain, please take a few minutes to watch this video on what Jamie Diamon of JP Morgan, or George Soros, or many of the top hedge fund managers were doing, and more importantly, how they were doing it.
Do you get it? This is happening today, and these guys want blood on the streets, they want your blood, my blood, and the blood of anyone who is willing to give in to the fear they are able to create by confusing you into thinking bitcoin is just another stock that goes up or down. It’s not, bitcoin is the new monetary system. It is a better system of money that will beat fiat money and its price will be way higher than it is today.
Now, what about mining?
Mining is basically the data processing backbone of the bitcoin network. Without mining, there is no bitcoin. Now, the profits for mining have gone way down in the last few months. This is because the difficulty has gone way up, why? Because shit heads who didn’t care what the cost to mine bitcoin was just bought a ton of s9 miners and began mining. Every mining ico, regardless of their economics was raising millions and pouring it into a mining farm. Because of this, and the then shooting price of bitcoin, the difficulty just kept rising, making it less and less profitable to mine bitcoin. Here is a chart of bitcoins difficulty:
(if you don’t understand how difficulty effects profitability, watch here:
Now for the experienced miners, and mining farms who have low cost operating expenses, this is a beautiful chart. Just before I tell you why, let’s look at this chart going 9 months back:
Notice the consistent climb up since November of last year? This is where miners were piling into the mining business. At this time, it didn’t matter if your power costs were 10 cents per kwh, or you spent millions purchasing a warehouse that was in a cold region of the world, and paid engineers top salaries to manage the rigs. Everyone was making money, tons of it. But then…
Fast forward to today, where “there is blood on the streets” and bitcoin prices have dropped 75%. “Sell your bitcoin” “Crypto is done” all that rubbish for what? To get you to depart with your asset, your bitcoin, so the big buys can buy on the cheap, and later announce that England has won the war. Do you get it? Good.
This is a dirty game they play, but this time you have the power, you have the knowledge, so keep this in mind when making your decisions. They want your bitcoin, and they can be patient and wear you down. You have to be more patient.
Now, getting back to how all this effects bitcoin mining.
Over the last two months, you can see that the difficulty has been continually dropping, and we’re in for another 15% drop at the next adjustment. When difficulty drops, bitcoin miners are making more btc per miner, now of course, the btc price has also dropped, so the dollar value of that btc is also less- for now. The important point is that we have taken a lot of miners out of the game, the miners that are paying 8,9, or 10 cents per kwh are no longer able to stay, so the drop in difficulty is partially a result of all the miners who have exited.
You might say, ok, but when bitcoin goes up, so will the difficulty- and that is true. However, we’re coming off a year of mania, a year of irrational exuberance and irrational investments. The miners who are left, or the ones to possibly come back in the game, will be far fewer than the ones who all rushed in last year. So what does that mean? It means bitcoin mining is going to get more profitable. Especially if, or when I should say, bitcoin turns and gets bullish. At that time, the miners who are mining will see spikes in bitcoin price, and delays in the increase of difficulty, it will be a very profitable period. Of course, more miners will come on, and difficulty will eventually rise more, but again, they won’t be coming back the way they piled in. That means the real players will stay, and make a lot more of the bitcoin pie.
As for me, we will continue doing what we do, providing investors with a low cost bitcoin mining platform to scale their own bitcoin mining portfolio. It has been seven months since we’ve started and I can happily say that we are not only profitable, we are growing at a brisk pace. People are tired of the cloud mining game and the expense and uncertainty that comes along with it.
Please join our telegram community, or visit our site. We have a great group of people who are happy to help anyone from the novice bitcoin newbie, to the serious miners who are looking for a permanent home.
Property Loans for Foreigners in Singapore That You Must Know About
Intending to invest in a residential or commercial property in Singapore?
When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.
In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.
HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE?
As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.
In this sense, Singapore has the Loan to Value Ratio (LTV).
The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:
- If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000.
- When you are applying for a loan with a Housing…
CoinField Launches Sologenic Initial Exchange Offering
CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform. Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.
Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play. The desktop version is available for Windows and Mac.
“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited to KYC and fiat ON & OFF ramping,” said CoinField’s CEO…
Many of the Top Sports Betting Websites for 2020 Can Be Found On Boomtown’s Best Betting Page
Sports betting is one of the widely known types of online gambling. With a large number of sports fans around the world, this type of gambling is one of the most sought after. The problem usually comes from when gamblers try to find the best sites out of the many available ones. Many new sports betting sites come up daily, thus making the selection process even harder. One of the best places to find top betting websites for sports is Boomtown Bingo. This platform doesn’t just give users the best online casino games websites, but they also cover sports betting. As such, boomtown bingo remains a one-stop-shop for everyone who needs the best and the latest online gambling and gaming sites for all types of devices.
The performance of any website is critical. Users need to find their way around the site easily, and that can be made possible with the site structure and arrangement. Loading time is also essential. A website that always hangs thus pushing the user to refresh every time is no good. These are some of the factors that Boomtown Bingo looks into when selecting the best sites for its users. You can be sure that the new sports betting websites listed on Boomtown’s platform have faster loading time, can be used easily by everyone, including those who are trying this betting for the first time.…