Tag Archives: Bitcoin

J.P Morgan will see more competition from corporations like Google, Apple and Samsung

I pointed out how cheap bank stock was a couple of years ago, and J.P Morgan is one of them. The stock is up over 100% since I wrote about the bank stocks and J.P Morgan is still a good stock. J.P Morgan is one of the best in the class with a Market Cap of $386,64 Billion.

Chairman and CEO Jamie Dimon is one of those who hate Bitcoin and said he will fire his own employees trying to trade Bitcoin. But Mr Dimon should take “data capitalism” seriously because it is about to change how business is done throughout the economy.

Information technology and artificial intelligence (AI) will change the way banks do business as we know it today. Just take a look at Alibaba and its new bank. Furthermore, J.P Morgan will also see more competition from corporations like Google, Apple and Samsung.

They will all change the way we pay, but they will also change the financial business. Just take a look at Goldman Sachs Group and how they changed to their information technology platform in addition to their commercial banking.

JPM took a $2,4 billion hit to earnings due to the impact of the Tax Cuts and Jobs Act and when one adds this back into the bank`s earnings, the return on tangible common equity, the bank produced a 13,6 percent result.

Economic growth is up 3% for the last quarters in a row and business investments has increased og only that should lead to increase in demand for working capital. That should lead to banks like JPM will lend more and receive more deposits.

On top of that you have the Feds policy and rising yields. Its like the stock market; it won`t go straight up of course, but in the long run, all this cases are profitable for the banking sector, and JPM is one of them.

Next target for the stock is $120, and slow growth is expected while much of the major run last two years is based on future growth based on increased global economic activity and rising rates.

JP Morgan Chase & Co is expected to report earnings on Friday 13, 2018 before market open, and the report will be for the fiscal Quarter ending March 2018. EPS forecast for the quarter is $2,28 and that is above last years EPS of $1,65.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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World Economic Forum`s motto is “Committed to improving the state of the world,” and President Trump will attend

Every year at the end of January, it is time for World Economic Forum (WEF) in Davos. The forum was founded in 1971 by Klaus Schwab. A German-born business professor at the University of Geneva. First named the “European Management Forum”, and then it changed its name to the World Economic Forum in 1987.

Its mission is cited as “committed to improve the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas”. President Trump is a business man and he will join the elite at the forum in Davos this time.

The meeting at Davos is synonymous with wealth and elite prestige and Presidents have therefore been concerned to participate because it would send wrong signals. Mr Trump will be the fist sitting President since Bill Clinton in 2000 to attend. Mr Trump is a business man and have an agenda. A message.

That being said; don`t forget the forums motto: “Committed to improving the state of the world.”

Mr Trump is finish with his first year as a President at the White House, and so far he has done a lot of good things, not only for the USA, but also for the rest of the world. But this is only the beginning.

The meeting in Davos brings together some 2,500 top business leaders, international political leaders, economists, and journalists for up to four days to discuss the most pressing issues facing the world.

But Trump`s agenda is not to make the world great again, but the USA. He will also try to sell his «America first» agenda to the world leaders. It is not difficult to understand that he also want to promote his policies to strengthen American businesses, their industry and their workers.

What Trump is doing in the U.S will also affect the rest of the world. For instance, a corporate tax cut in the U.S will also affect other countries. For all I know, maybe other countries will follow his strategy and cut the taxes as well.

Trump is also a great negotiator and he told Stoltenberg at NATO to pay the bills to the U.S Navy, and you know what; they did. This is brilliant. He is making USA more safe, but also NATO members and the European Union more safe.

I think Mr Trump will try to sell his economic growth agenda on the world stage and speak with the World Bank and the IMF, and I really look forward to his speech. It can be full of surprises. His administration said that Trump`s delegation to Davos will be large.

Mr Trump recognized Jerusalem as Israels capital. That can also be an issue if you think of the forums motto: “Committed to improving the state of the world.” We have seen this before.

At the 1994 annual meeting, Israeli Foreign Minister Shimon Peres and PLO chairman Yasser Arafat reached a draft agreement on Gaza and Jerico. Two years earlier, South African President F.W de Klerk met with Nelson Mandela and Chief Mangosuthu Buthelezi, which was the first joint appearance outside South Africa.

North Korea was invited to Davos in 2016, “in view of positive signs coming out of the country,” the WEF noted. North Korea has not been attending the WEF since 1998. The invitation was accepted but after their nuclear test on January 6, 2016 (only days before the meeting), the invitation was revoked.

North Korea`s delegation was made subject to “existing and possible forthcoming sanctions.”

The country protested and called the decision by the WEF managing board a “sudden and irresponsible” move, but the WEF committee maintained the exclusion because under these circumstances there would be no opportunity for international dialogue.

Last year, a head of state from the People`s Republic of China was invited to the alpine resort. With the backdrop of Brexit, an incoming protectionist US administration and significant pressure on free trade zones and trade agreements, President Xi Jinping defended the global economic scheme, and portrayed China as a responsible nation and a leader for environmental causes.

President Xi Jinping rebuked the current populist movements that would introduce tariffs and hinder global commerce, warning that such protectionism could foster isolation and reduced economic opportunity. This is still a hot potato.

Two year ago, the forum announced the opening of its new Center for the Fourth Industrial Revolution in San Francisco. They said the center will “serve as a platform for interaction, insight and impact on the scientific and technological changes that are changing the way we live, work and relate to one another.” Great news at that time.

What about the crypto currency revolution? The cryptobank boom? All this decentralized coins and banking industry with tokens and their «smart contracts» that is flooding the market. Will the world leaders talk about it, and will the central banks answer with a centralized version in the future?

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Bitcoin and paper money has no real value but our planet does

Bitcoin has skyrocketed so far in 2017, but what is it really worth? Its like other currencies like the US dollars; worthless. Its just like gold; worthless. They are all useful as a means of exchange.

The Nobel Peace Prize 2017 was awarded to International Campaign to Abolish Nuclear Weapons (ICAN) «for its work to draw attention to the catastrophic humanitarian consequences of any use of nuclear weapons and for ground-breaking efforts to achieve a treaty-based prohibition of such weapons».

The Earth`s climate has changed throughout history. Just in the last 650,000 years there have been seven cycles of glacial advance and retreat, with the abrupt end of the last ice age about 7,000 years ago marking the beginning of the modern climate era – and of human civilization.

The planet`s average surface temperature has risen about 2,0 degrees Fahrenheit (1,1 degrees Celsius) since the late 19th century, a change driven largely by increased carbon dioxide and other human-made emissions into the atmosphere.

Since the beginning of the Industrial Revolution, the acidity of surface ocean waters has increased by about 30%. This increase is the result of humans emitting more carbon dioxide into the atmosphere and hence more being absorbed into the oceans.

The amount of carbon dioxide absorbed by the upper layer of the oceans is increasing by about 2 billion tons per year.

Money has no real value. Our planet does.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Cboe is the first to trade with bitcoin futures

Bitcoin has so far been a great deal for many investors in 2017. The price have skyrocketed, and something is about to change right now. Cboe Global Markets, which is the Chicago-based exchange group, launched bitcoin futures on Sunday. That can be a game changer.

Cboe President Chris Concannon is also planning to launch other cryptocurrency`s, and other firms like CME Group has hinted they will launch bitcoin futures very soon, but most of them have a “wait and see” approach.

 

 

As you can see from the chart above, the price is down. The new product will give investors the opportunity to pay a high price for its insurance, and its traders must put a lot of money on the table for their bets.

Bitcoin can be very volatile, and Cboe knows that. Traders are required to have 44% of the bitcoin settlement price set aside for their bet. This is a down-payment for their risk, and margins for the futures are under 10%. VIX margins can get up to 50% because of their risk.

Many are negative to bitcoin, and TD Ameritrade is taking a «wait and see» approach and wont provide the product for clients. Nor will Fidelity, Etrade and Charles Schwab. Two of the largest brokers; JPMorgan and Citigroup didnt start to participate in the market Sunday. Nor did Societe Generale, Interactive Brokers and Wedbush, according to Financial Times.

But anyway, Wall Street are watching the market, and so far there are a number of concerns over Gemini and that is low volumes on the exchange and system outages. Gemini is the cryptocurrency exchange founded by the Winklevoss twins. Cboe is basing its bitoin contracts on pricing on Gemini.

Gemini is still very small and the exchange sees only 1,4% of trading in the entire bitcoin market, and its activity can`t paint an accurate picture of the broader crypto-market. With its low volume and the lack of liquidity, it is also very easy to manipulate.

Cryptocurrency volumes topped as much as $26 billion in a single trading day, but trading firms are under pressure to enhance their technology. The ticker code for bitcoins is XBT and the trading began yesterday, on Sunday, December 10, 2017.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Jamie Dimon said he would fire any employee trading bitcoin for being “stupid” and Prince Alwaleed belive it is a bubble and Enron in the making

I wrote about Bitcoin four years ago. At that time it was only a digital currency that no one knew something about. Now it is on the way to be mainstream. The price have skyrocketed thanks to a massive campaign.

Bitcoin was registered in August 18, 2008. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto. The first bubble started in October 3rd, 2010. The BTC price was only $0,06. Then the price crashed down to $0,01, and a massive buying frenzy started. Now, the price is just below $6,000.

Some people love it, and some people dont. One of those who dont like bitcoin is JPMorgan Chase & Co CEO Jamie Dimon. He said he would fire any employee trading bitcoin for being “stupid.”

Saudi billionaire Prince Alwaleed do agree. They are both joining the long line of skeptics saying bitcoin is a bubble, and Prince Alwaleed said “I just dont belive in this bitcoin thing. I think its just going to implode one day. I think this is Enron in the making,” Alwaleed told CNBC.

He also said “It just doesnt make sence. This thing is not regulated, its just not under control, it`s not under the supervision” of any central bank, he said.

My computers are full of bitcoin ads. It says; “millions are buying bitcoin.” Some pro`s in the mainstream media are telling people to invest in bitcoin and specially hedge funds and other traders in Norway.

The Swedish government has successfully auctioned off some bitcoin a few days ago, collecting more than the prevailing market rate in the sale. The 0,6 BTC, along with an equal amount of bitcoin cash, which was not previously disclosed, were sold by the Kronofogden during a week-long auction for a total of 43,000 kroner.

Kronofogden is not the first government agency to sell seized bitcoin. A few weeks ago, the U.S department of Justice formally took possession of $48 million it accrued through the sale of 144,336 bitcoins since the closure of the Silk Road dark market.

China`s big government and banks have banned Bitcoin, and its growing popularity in China may have caused the government to begin to perceive it as a threat to local currency, especially as Chinese investors bought up bitcoin a bet against the yuan last year.

China is home to vast and lucrative cryptocurrency mining operations for both Bitcoin, Ethereum, and other cryptocoins. Three Chinese exchanges like Bitfinex, OkCoin and BTCC, made up over 45 percent of the global market share over the last two months.

Co-founder and CEO of BTCC, Bobby Lee said it must be fake news because the exchange was operating normally.

Many supporters belive that Bitcoin is the future. Those who endorse it are of the view that it facilitates a much faster, no-fee payment system for transactions across the globe. It is not backed by any government or central bank.

Bitcoin can be exchanged for traditional currencies; in fact, its exchange rate against the dollar attracts potential investors and traders in currency plays. Another reason for its popularity is that they can act as an alternative to national fiat money and traditional commodities like gold.

All this is a huge competition to banks and central banks, and can make instability.

To make it short; the market crashed in 1929 and Ben Bernanke have studied it for a long time. When the market crashed in 2008, Ben Bernanke started to stimulate the economy with its QE program. He «printed» money. In other words; he saved the world.

Crypto currencies are not regulated and if crypto currencies is the future, we can already now predict how it can end if the market is crashing……

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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High quality Polo shirt with Shinybull logo. This version is made from breathable 100% cotton. Short sleeves and ribbed armbands.

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