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On “Charlottesville” and accusations that Trump is racist

O

I decided to write this article because Trump’s Charlottesville comments have become the definitive evidence that he’s racist.  The phrase that is used to back up this assertion is:  “You had some very bad people in that group, but you also had people that were very fine people, on both sides”. Look, I’ll admit, when taken out of context, and if you look at it with...

On the Brett Kavanaugh affair

O

I have struggled greatly with the extremely complex issues that are intertwined in the nomination of Brett Kavanaugh for the Supreme Court.  We are currently, as a society, trying to have a simultaneous conversation about sexual assault allegations, credibility, due process, feminism, bro culture, the limits of memory, substance abuse, forgiveness, liberal vs conservative politics, power...

A ride on the Bitcoin hype cycle

A

It’s been a tough couple of months, and there have been no safe havens. I admit that I didn’t see it coming, and perhaps I should have, but just like every bubble in history it’s clear as day in hindsight. It’s been very interesting observing my emotional reactions as this market plunges, as Bitcoin drops from the 15’s to the 6’s.  And it’s even worse for...

Return to the mean…that’s where we are.

R

I came across a Reddit post recently which superimposed the famous “bubble chart” on top of the recent Bitcoin bubble chart.  The similarities are uncanny. I don’t have the same image available, but I’ve uploaded them both below and thrown in a quick hand-drawn trend line on the bitcoin chart: So what does this tell us? Sometimes, there are new things under the sun, but...

The new lay of the land, and lessons learned

T

This is not investment advice. Nobody knows what the hell is going on in cryptocurrency, and I’m just giving you my opinion and observations. Disclosure: I hold the coins that I say nice things about and don’t hold the coins that I hate on, as one would expect. I was just thinking today that in November my prediction for the new year was Bitcoin $10k.  I also said that I was out of...

These are the times that try men’s souls

T

I have been around the crypto game for years. I have seen mania and depression and everything in between. We are in the middle of depression. It is very easy to “HODL”, during flash crashes because everybody knows it’s going to bounce back.  It is much more difficult to stay in there while the value of tokens and coins bleeds out, with what seems like no end in sight.  You go...

Don’t Panic

D

As I write this, the crypto market is down 50% or so from the top. There are conspiracy theories everywhere, ranging from whales taking advantage of the futures market (I don’t buy it), to Wall Street depressing the price for a buy in, and others. The first point I’d like to make is that while this correction is large, it puts us back to where we were in mid-November.  Several months...

Crypto update for January 8

C

Thoughts I put down in 15 minutes… CHINA BANS…..mining. That’s the big news over the last couple of days. The markets fell about 10%, but I can’t see any downside. The Chinese government is calling for an “orderly” wind down, so we don’t have to worry about hashing power changing abruptly. And now the complaints about centralized mining in China no longer...

About

I am a startup founder, investor, mentor, and zouk dancer.