Bob Hoye Dec 20th/2017 – “Making Memories Every Day”

Posted by Bob Hoye via Chris Chris Waltzek Ph.D.

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7ir6b8rb7frb7ifg7if6gugytfr18-12-2017 12.53.13

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Highlights

  • Brimming with holiday cheer, Bob Hoye of Institutional Advisors rejoins the show with comments on the global financial bubble. 
  • The Dow could be approaching an ultimate peak – current valuations are stretched beyond those of the last equities market top of 2000. 
  • Bitcoin recently eclipsed the total value of Wal-mart, which should make for enlightening discussion around the holiday dinner table.
  • As relatives learn that their disenfranchised Junior, Grandma Kettle and Uncle Fester, who have long shared the privilege of residing in the palatial household basement, suddenly hold enough BTC to pay off the mortgages of the entire neighborhood, a big spike in popularity is anticipated.
  • One compelling BTC price estimate is $180,000. 
  • Gold hedge funds are turning away from PMs to Bitcoin to boost profits. Since the institutional money is finally pouring into the BTC realm.
  • Bitcoin / altcoin miners are literally printing money, with the expressed blessings of the Fed / Treasury, as hubris filled authorities consider cryptos merely a commodity.
  • Both the guest / host concur that the PMs offer solid relative values, with silver the more enticing of the two.
  • The TEZOS ICO** with a minimum investment of $250 recently launched in pre-ICO skyrocketed to $12 (Figure 1.1.). 
  • Investors could reap a 20 fold increase in the $250 investment. 
  • Futures are trading on BitMEX for pennies using 100x’s leverage or no leverage at all, plus BitHTC.
  • Berkshire Hathaway Shares trade for $300,000 – where is the Bitcoin Bubble when Bitcoin is 20 times cheaper?
  • The much anticipated B2X fork will take place around December 28th!

One compelling BTC price estimate involves the cost to mine a coin, $4,000 times the number of interested investors worldwide, 450 million (150 million investors each, in Europe, Asia and the US) divided by the number of available coins, a 10 million float, given that 7 million BTC are currently held in stagnant wallets:

$4,000 * 450M / 10M = $180,000

Now that gold hedge funds are turning to Bitcoin to boost profits, will the new institutional interest transfer to the herd as usual, resulting in a feeding frenzy, catapulting price into the vicinity of $100k? Berkshire Hathaway Shares trade for $300,000 – where is the Bitcoin Bubble when Bitcoin is 20 times cheaper? Bitcoin / altcoin miners are literally printing money with the expressed blessing of the Fed / Treasury, as authorities in their hubris consider cryptos only a commodity, not real money. Both the guest / host concur that the PMs offer solid relative values, with silver the more enticing of the two – both anticipate a new bull market rally in the sector. 

Byteball (GBYTE) offers $800 in tokens just for linking your BTC wallet to the free upcoming ICO. 

Once your Bitcoin (BTC) address is linked to your Byteball(GBYTE) address, you will receive 62.5MB and 131,943,750 blackbytes for each 1BTC of the total balance of this Bitcoin(BTC) address on June 09. There is no minimum requirement as to how much Bitcoin you need to hold as you get fractions of Byteball (GBYTE) accordingly. There is a very small total supply of 1,000,000 GBYTE and there is only around 19% (189,284 GBYTE) left in circulation. It also allows P2P payments over chat, predictions markets, P2P betting, etc. //steemit.com/cryptocurrency/@cryptomania13/get-free-dollars-worth-of-byteball-usd759-on-june-9-by-simply-having-bitcoin“>You can find out more by visiting their website.

Figure 1.1. TEZOS pre-ICO futures on HitBTC

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Note: Graph prepared by Chris G. Waltzek – courtesy of HitBTC.