How you could supercharge your crypto gains
Thursday, 7 June 2018
By Bernd Struben
- When a 9,162% gain just doesn’t cut it
- Brexit unravelling…
This week in Port Phillip Insider, we’ve cast our focus onto cryptocurrencies.
More specifically, onto initial coin offerings (ICOs). That’s your opportunity to buy a new crypto directly from the creators, rather than buying from an existing token holder looking to sell.
Getting in on the right ICO can deliver the kinds of gains even the most optimistic microcap traders only dream of. Of course, investing in the wrong one can see you lose most, or all, of your money.
I won’t spend much more time on ICOs today. Instead I want to share with you a whole new method for buying and trading cryptos.
But first, a quick look at the largest initial coin offering ever, which only just closed its doors. An ICO that’s raised an eye-popping US$4 billion (AU$5.2 billion).
‘After a year long initial coin offering (ICO) that raised a record $4 bln, Block.one’s EOSIO has officially been launched.
‘The project is highly anticipated and the June launch is as close to a moment of truth as you will get in the world of blockchain technology and cryptocurrencies.
‘Developers can now actively build blockchain-based applications on the platform – which is being aimed at businesses and large scale commercial applications.’
The world’s largest ICO has already paid off handsomely to early investors. To the tune of 1,200%. As Bloomberg reports:
‘During its almost year-long ICO, the price of EOS Tokens have rallied about 13-fold, and now has a market capitalization of about $12 billion, according to CoinMarketCap.’
You can see the phenomenal growth in the EOS market cap below:
Click to enlarge
No one knows more about the huge potential gains and associated risks involved with ICOs than Sam Volkering.
It’s why he launched his new premium service, Crypto Tech Investor, in October last year. If you’d like to get in on some of those huge potential gains, with money you’re prepared to lose, you can find out how by clicking here.
Now we’ll move on from ICOs to look at a unique new method of trading cryptos that could supercharge your returns…right after the markets.
Overnight the Dow Jones Industrial Average closed up 346.41 points, or 1.40%.
The S&P 500 gained 23.55 points, or 0.86%.
In Europe, the Euro Stoxx 50 index finished up 4.03 points, or 0.12%. Meanwhile, the FTSE 100 gained 0.33%, and Germany’s DAX climbed 42.94 points, or 0.34%.
In Asian markets, Japan’s Nikkei 225 is up 179.37 points, or 0.79%. China’s CSI 300 is up 0.18%.
In Australia, the S&P/ASX 200 is up 34.39 points, or 0.57%.
On the commodities markets, West Texas Intermediate crude oil is US$65.18 per barrel. Brent crude is US$75.81 per barrel.
Gold is trading for US$1,296.02 (AU$1,689.95) per troy ounce. Silver is US$16.67 (AU$21.74) per troy ounce.
One bitcoin is worth US$ 7702.90
The Aussie dollar is worth 76.69 US cents.
When a 9,162% gain just doesn’t cut it
While Sam Volkering was busily researching and putting together Crypto Tech Investor, Port Phillip Publishing’s other in-house crypto guru was busy with a unique new project of his own.
I’m talking about Ryan Dinse.
Throughout 2017, Ryan watched bitcoin and many other cryptos soar in price.
For example, ether, the second largest crypto today by market cap, shot up 9,162% last year.
With those kinds of rapid gains, most crypto investors were content to buy tokens, like ether or ripple, and then just sit on them. With ripple surging an astonishing 36,018% in 2017, surely they couldn’t do any better.
At least this is what most everyone was thinking.
But not Ryan.
He went to work developing a proprietary trading method. One with the potential to supercharge even those stellar returns by a factor of 15…or more.
It’s called ‘flip trading’. And it forms the foundation for his premium crypto trading service, Extreme Crypto Trader.
I won’t go into the finer details of how flip trading works today. (You can find that out here.)
But it’s remarkably simple to do if you follow Ryan’s weekly ‘flip’ advice. And if you at least understand the basics of how to buy and sell bitcoin (BTC). Because you’ll be flipping back and forth from bitcoin into smaller cryptos. Ones that Ryan’s indicators have signalled are likely to surge.
Extreme Crypto Trader launched in December last year.
Having just dug into the EOS token as I was looking into ICOs this week, I asked Ryan if he’d had any experience with EOS yet.
His answer was yes. Here’s the email he sent me this morning:
‘Yeah this is a good one for us.
‘We flipped into it at the start of April and have made a 105% BTC return 2 months on. In AUD$ terms its around 112% return.
‘But that BTC return shows you how much more we’ve made rather than leaving the funds in bitcoin.
‘It was recommended that you put 10% of funds into this flip.
‘In terms of EOS as a crypto, it’s a cryptocurrency with huge potential. It’s a direct challenger to ethereum in the lucrative smart contracts space.
‘That’s the idea that in future, a world of automated contracts will run over the blockchain. Removing the need for the army of middlemen that currently exist.
‘It’s just a matter of who builds the best system first.
‘EOS founder Dan Larimer has made some pretty big claims on the speed and scalability of EOS. That’s brought out more than a few sceptics in the crypto community.
‘They say there are huge flaws in the EOS system.
‘The price suggest traders are with Dan at the moment. And if he proves the doubters wrong, there’s lot further for this to run.
‘Watch this space...’
A 112% Aussie dollar gain over the past two months on this EOS flip trade. For comparison, buying and holding bitcoin would have seen you gain 13%.
While not every trade works out, that’s the kind of supercharged return Ryan tries to bring to every flip trade.
Regular readers will know we keep a close eye on the shenanigans surrounding Brexit.
Long term readers may even recall publisher Kris Sayce coming out shortly after the June 2016 vote to write that the ‘Deep State’ would never allow Brexit to go through. Never mind that 51.9% of UK voters chose to part ways with the EU.
Almost every day there’s more news from the ongoing ‘negotiations’ indicating that Kris was right on the money.
Powerful vested interests on both sides of the channel — not to mention Atlantic — continue to work overtime to ensure that Brexit is derailed.
And now they have fresh ammunition to further their argument. That is, if you can believe the polls. You probably remember that those polls also indicated the ‘remain’ vote would carry the day in 2016.
As reported by PAA:
‘The YouGov survey found 47 per cent of voters thought the decision to leave was wrong, against just 40 per cent who said it was the right thing to do – the widest margin since the weekly survey began two years ago.
‘The findings come a week ahead of a series of crunch votes in the House of Commons, as Prime Minister Theresa May seeks to overturn changes to her flagship Brexit legislation introduced in the Lords.’
That should be sweet music to the ears of those pressing for a second referendum. Like George Soros. Because apparently that’s what you do these days when you don’t like the outcome of the first referendum.
Try, try again.
Then there’s this from today’s Bloomberg:
‘U.K. Prime Minister Theresa May is facing a major cabinet rebellion over Brexit, in a conflict that could destabilize the whole government, according to people familiar with the matter.
‘Brexit Secretary David Davis is said to be furious over May’s plan to tie the U.K. into European Union customs rules for an open-ended period of time after the country leaves the bloc next March. She argues it’s a necessary step to break the deadlock in talks with the EU…
‘Brexit talks area deadlocked over how to avoid customs checks on the border with Ireland…
‘The difficulty for May is that while her pro-Brexit colleagues in London are desperate for a strict and clear end date to be agreed for the backstop plan, the EU side say any backstop must not be time-limited and should apply unless and until any suitable alternative can be found.’
It’s sounding like Brexit is caught between the proverbial rock and hard place. And with the timetable moving the rock and hard place closer together each day, something is going to get smashed.
If that turns out to be May’s government, I expect a second referendum is all but assured.
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And finally, here’s the latest on Australia’s runaway political correctness, from The Australian Tribune:
‘“Suffocating Political Correctness” Hamstrings Government’
‘As a subscriber to The Australian Tribune, you’re likely aware of the growing scourge that is extreme political correctness.
‘Canada’s prime minister, Justin Trudeau encapsulated the issue when he proposed ditching the word mankind for ‘peoplekind’. Humans, we then assume would become ‘hupeople’. A woman a ‘woperson’. And so on…
‘Here in Australia the politically correct brigade is well entrenched. And former prime minister Tony Abbott says…’
If you’re fed up with sanitised, politically correct dogma cut and pasted from one mainstream source to another then The Australian Tribune is for you.
And it’s absolutely free.
Sign up here to get The Australian Tribune delivered free to your inbox five days per week.
You can visit our website at https://www.theaustraliantribune.com.au/ to read the complete article above now.