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Strategies & Market Trends : John Pitera's Market Laboratory

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To: The Ox who wrote (18301)6/11/2017 10:40:09 PM
From: John Pitera1 Recommendation

Recommended By
roguedolphin

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OX, you brought up Ethereum..... back on June 23rd. 2016 as it was Prominently cited as the Key alternative to Bitcoin by Coinbase. This being do to Bitcoin being too restrictive coding protocol.

Coinbase has grown into a very large company over the years. In 2013, the company sold a record $1 million bitcoins per month, and now the service stores roughly 10 percent of all BTC in existence, according to Brian Armstrong. Coinbase hopes to hear from its user base with feedback about the new integration with PayPal and says to contact them via the company’s Community Forum. The company wants the community to know that it is still committed to Bitcoin, even though it recently had shown support for the Ethereum protocol. Fred Ehrsam writes in a recent Medium blog post that he believes the “scripting language in Bitcoin — the piece of every Bitcoin transaction that lets you run a little software program along with it — is too restrictive.”


I'm been much more deeply involved in the Cryptocurrency discussions on Linked In and twitter..... and

have mentioned it on SI but there is only so much time ..... Elroy has the a good take on his Bitcoin analysis
I am very interested to see how large the mania gets in all of the cryptocurrencies...... They show the
speculative excesses of The extreme Global liquidity pump... and are actually contributing to it at the moment........ However the FED is watching and we may well invert our US curve at which point ......

everyone should have there marching orders ..... and understand that a US yield curve inversion is highly likely to be bring a genuine bear market.... the kind that a prudent steward of capital has to take defensive measures against.

And just like there almost always multiple bull markets in the Global asset class mix... There are also bear markets occurring simultaneously.....

Message 31105651

my suggestion from May 13th to put money into Ethereum if you are looking for high octane/ high risk
returns.. as part of what one can do in the the really "speculation / early adopter / "of course I am not the greater fool ( wait... I must be if I'm buying this..... it must be the top" ) 5 % of a portfolio/

Elroy's thoughts from May 13th

Message 31105660

John
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