Don’t battle it out with the general public

Thursday, 14 June 2018
Melbourne, Australia
By Bernd Struben

  • Mystery startup
  • Get your crypto ready

We’ve spent a fair bit of time over the last week looking at the mind-blowing potential gains offered by new cryptocurrencies.

Specifically, we’ve looked at initial coin offerings (ICOs). These are some of the riskiest, yet potentially most lucrative investments you can make anywhere today.

How lucrative?

Take Mothership, for example.

If you’re unfamiliar with Mothership, its primary focus is to make it easier for businesses in the EU to accept cryptocurrencies. That’s a big goal of crypto enthusiasts across the globe. To enable people to transact in cryptos without relying on government controlled fiat money.

Mothership first listed at the end of July 2017. At the time, the tokens were worth about 4 US cents. Just one month later and those same tokens had shot up to 29 cents.

You can see the rapid price surge in the chart below:



chart image

Source: CoinMarketCap / Port Phillip Publishing
Click to enlarge


I don’t know when the last time one of your investments rocketed 625% in 30 days…but I’d love to hear about it.

At time of writing, Mothership tokens are trading for 11 US cents. That’s still well up from its listing price, but well below its peak. Like most other cryptos, its price is volatile. Knowing when to sell is just as important as knowing when…and what…to buy.

Enter crypto guru Sam Volkering.

Over at his premium service, Crypto Tech Investor, Sam is constantly on the lookout for precisely these types of opportunities. While avoiding what he calls the ‘crapcoins’.

To be clear, Sam didn’t recommend Mothership. He couldn’t have. Crypto Tech Investor didn’t go live until October, well after Mothership’s ICO.

But he’s certainly been busy since then.

Subscribers to Crypto Tech Investor have seen gains as high as 436%, 800%, 1,100% and 2,994% from some of his recommendations already. And that’s just since October. Whether they banked that much depends, of course, on when…or if…they chose to sell.

If you’ve been following along with Port Phillip Insider, you’ll know that publisher Kris Sayce and Sam opened the door to new subscribers Crypto Tech Investor. But that door closes at midnight tonight.

Now this service isn’t suitable for crypto novices. You should already be comfortable buying and selling tokens like bitcoin and ether. And you must have a healthy tolerance for risk to go gunning for 1,000%-plus gains.

If that sounds like you, you can get the full details here.

Not only has Sam targeted three new cryptos he believes will rocket this year, he’s secured his readers exclusive access to a brand new ICO. He expects the ICO to begin offering its first tier of tokens this Friday morning.

And again, only Crypto Tech Investor subscribers will have access during the first days of the ICO.

We’ll get back to that after a look at the markets…and the latest rate rise from the Fed.

(Or you can go here now to find out exactly what Sam is offering — including his unique guarantee on 1,000% gains within the next 12 months.)

Markets

The raw power of the US Federal Reserve was on full display as all the major US indices lost ground following yesterday’s interest rate rise. The US economy appears strong — at least superficially. But the fear is that, as the Fed continues to tighten, it will slow the world’s largest economy.

With low unemployment figures and signs that inflation is picking up, the Federal Open Market Committee also spooked investors by indicating it may increase rates faster than previously expected.

Two more interest rate hikes are likely this year. And a third rise is looking more plausible.

While the RBA and ECB are unlikely to follow the Fed’s path immediately, it’s a tightly connected world we live in. And as US rates move higher, RBA governor Philip Lowe may find himself pressured to do the same, sooner than he’s letting on.

So how did US markets react?

Overnight the Dow Jones Industrial Average closed down 119.53 points, or 0.47%.

The S&P 500 lost 11.22 points, or 0.40%.

In Europe, the Euro Stoxx 50 index finished up 3.98 points, or 0.11%. Meanwhile, the FTSE 100 was flat at 0.00%, and Germany’s DAX gained 48.28 points, or 0.38%.

In Asian markets, Japan’s Nikkei 225 is down 144.07 points, or 0.63%. China’s CSI 300 is down 0.52%.

In Australia, the S&P/ASX 200 is down 7.03 points, or 0.12%.

On the commodities markets, West Texas Intermediate crude oil is US$66.64 per barrel. Brent crude is US$76.55 per barrel.

Donald Trump, for one, believes oil prices are still artificially high. And he’s demanding they come down. Here’s his latest prod at OPEC, sent yesterday:



chart image

Source: Twitter
Click to enlarge


Both Saudi Arabia and Russia are likely to push for expanding output at next week’s OPEC meeting in Vienna. If they get their way, as I expect they will, oil prices should fall.

Turning to gold, the yellow metal is trading for US$1,298.51 (AU$1,714.88) per troy ounce. Silver is US$16.96 (AU$22.40) per troy ounce.

Bitcoin has slid to a four-month low. One bitcoin is worth US$6,322.85.

The Aussie dollar is worth 75.72 US cents.

Mystery startup

Have you heard of GoWeb tokens?

Don’t worry if you haven’t. They don’t exist yet. I only stumbled onto them doing some research for today’s piece.

GoWeb tokens are the brainchild of an Estonian company called NewTech Myning OU. According to CoinDesk:

A little-known company in Estonia is looking to raise as much as $180 million in a SAFT sale, public records show…

NewTech Myning OU is looking to raise the funds by selling what are effective promises the distribution of tokens at a future time…

Per the form, the offering is for the “sale and issuance of rights to receive GoWeb tokens in the future via a Simple Agreement for Future Tokens.”

But as it stands, there’s scant information about the company involved or its planned token.’

Now that last line is a big caution sign right there. But I still thought I’d ask Sam about it. Especially as this was admittedly the first I’d heard of a ‘SAFT sale’.

Sam, not surprisingly, was less than impressed. (With the offer…not your editor.)

Here’s what he wrote back:

The SAFT model is insufficient for what regulators and authorities need to ensure the safety of investors. It’s really a stop-gap to try and get around launching a ‘security token’ to US investors.

It’s not going to fly with the SEC – they’ll hunt harder for SAFT token launches. And with this mob in Estonia…well it’s not something I’d be looking at. Already there’s barely any info and really a few red flags already.’

OK. We’ll steer clear of GoWeb.

But what was this about exclusive access to a new token that looks set to be released tomorrow morning?

Get your crypto ready

As far as I’m aware, the deal Sam Volkering has worked with the issuers of the upcoming ICO (launch date looks set for Friday morning, 15 June) is an Australian first.

That deal secures exclusive first access to the new tokens for subscribers of Crypto Tech Investor.

Here’s an edited extract of what he wrote in an urgent update to his subscribers yesterday:

We’ve just got the info we need to complete our latest recommendation…

While we can’t tell you the name of the project just yet, we can tell you to be prepared…

We expect the window to open for you this Friday morning (Melbourne time).

We’ve been told that once they open the doors, you will have five days to make your contribution…

Furthermore, the project has told us that they are opening this initial phase exclusively to my subscribers at the pre-sale stage. That’s why we have a limited window.

Let me reinforce that point. You will have first access to contribute to this project.

Of course, if you wait and don’t take advantage of our exclusive access, then you can battle it out with the general public. But that kind of defeats the purpose of the work we’ve put in, and your subscriptions.’

Like I said, I don’t believe any financial advisory service in Australia has managed to not only recommend a promising ICO, but to garner exclusive access to their subscribers.

Now there’s no guarantee this new token will shoot the lights out right off the blocks. But I haven’t seen Sam this excited about a new investment in many moons.

You can find out all the details of Crypto Tech Investor, including Sam’s three favourite tokens for 2018, by clicking here.

And finally, this from The Australian Tribune:

 ‘Aboriginal Voter Turnout Plummets to New Lows

You likely know the feeling.

It’s time to cast your vote in a local or federal election…and none of the candidates are even vaguely appealing. Their talking points don’t address your concerns. Or worse, they go against what you believe needs to happen.

The temptation can be not to vote. But that only leaves the decision of who is the “least bad” politician to others. And these are the pollies who…

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.

Cheers,
Bernd