Gold and cryptocurrencies remain favorite trading markets of our guest; investors are advised to ignore the Bitcoin FUD (fear, uncertainty and doubt).
Bitcoin / Altcoins represent the natural progression from the outdated fiat model to a blockchain based monetary system of the future.
Investors who feel comfortable with cryptocurrencies are directed to Bitcoin silver, aka, Ethereum (ETH), which could continue to outperform Bitcoin.
ETH investors should be treated to a new futures / ETF contracts this year.
The guest / host also concur on the energy sector; WTIC reached the 2018 target of $70.
The new target of $90-$100 could come to pass as soon as 2018 on continued supply issues amid tensions in the Mideast.
Thoughts converge on silver; both expect gold's shiny cousin to outperform on a relative basis while copper remains on the watchlist.
Part II. with Bix Weir of RoadtoRoot-A continues the review of the ever evolving crypto-revolution, including the ascent of Ethereum and its key competitors.
Competing crypto-script EOS is an ERC-20 token, headed by Dan Lahrimer known for DPoS, while Cardano is run by a former key developer of Ethereum.
A strategic advantage of Ethereum is the Turing Complete nature of the Solidity language, which allows scripts to run on the token.
While YouTube "experts" use Metcalfe's Law to describe the network value of Bitcoin, Metcalfe's Law is easily debunked using basic statistical modeling.
Metcalfe's law holds that peer-to-peer networks such as Bitcoin derive value. via the number of transactions times the number of users.
Nevertheless, given that there are a finite number (n) of people, all human based exponential systems are non-asymptotic; growth eventually slows.
Due to the highly complex nature of human behavior, the host proposes a unique description of the cryptocurrency "network effect."
The progression begins with the exponential, turns to logarithmic and ends in with the parabolic.
The model begins with super-linear growth of the exponential n^2 curve, progressing to the more tame ascent of the n*log(n) curve.
The system results in the S-curve that completes the life-cycle as the log-parabolic system returns to zero (figure 1.1).
Investors are advised to ignore all Bitcoin growth forecasts based on Metcalfe's Law and rely instead on more pragmatic S-curve estimates.
The duo dismiss detractors citing the large number of US equities (10,000+) does little to lower overall demand for shares.
The thought is further corroborated via comments from Silicon Valley, Bitcoin Billionaire, Tim Draper.
Mr. Draper notes (paraphrased) that within 5 years, coffee shops around the US will accept Bitcoin as the currency of choice.
BTC / Altcoins offer an alternative to the domestic currency regardless of location worldwide, for currency / financial crises, such as the Great Recession of 2008, as well as the devaluation's of Venezuela and Argentina.
Guest Bios
Bix Weir
Road to Root-A
ix Weir has 30 years' experience in the financial industry with various fortune 500 companies. He is the creator of the "Road to Roota Theory" and his commentary is published at www.RoadtoRoota.com. Bix has dedicated his efforts over the last 15 years to exposing the long term manipulation of the gold and silver markets. He has worked closely with the Gold Anti-Trust Action Committee helping to pull the curtain away from the Cabal of International Bankers that has taken control of our free market system.
At RoadtoRoota.com Bix deals with the conspiracy and manipulation side of the gold, silver and financial markets and is not constrained by conventional thinking of how market prices fluctuate. Bix has developed this website to aid in the discovery of the truth behind our massively manipulated markets and to help expose those who threaten our free market system.
Raghee started trading at the tender age of 17 while still in high school. She continued her pursuit of trading through college until going full-time after graduation; torn between the charts and law school, the markets won out. With a degree in English, Raghee has a passion for communicating the message of the markets as well as teaching self-directed traders how to find choice, freedom, and an edge in the currency and futures markets. Three books (published by Wiley & Sons), countless speaking engagements, seminars, Chief Currency Analyst for IBFX (bought by FXCM), and trips across the globe, Raghee shares all the she does and has learned at SimplerCurrencies.com. Her popular 34EMA Wave and GRaB Candles indicators have a ever-growing following. Raghee brings back the wisdom of time-tested trading analysis with the edge that technology gives the modern trader. Nearly a life-long Floridian, Raghee lives in South Florida with her husband Herbie.
Words to Live By: “The simpler I keep things, the better I play.”
Hobbies: It’s not all work and not play for me, I do find time away from the charts if I can enjoy some SCUBA diving, motorcycles, swimming, kickboxing, golf, and fishing.
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