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  1. phil

    Good morning!  

    I'll be in NYC tomorrow to do the Nasdaq TV spot in the morning. 

    This is a very good article on Market Psychology and Bitcoin – also an interesting newsletter in general:

    Bitcoin, Cryptocurrency, and the Greatest Bubble in History

    PSW Investments has 2 Bitcoins left from 4 we bought 2 years ago at $2,400 TOTAL.  Our stop is $10,000 each now.  We used the other 2 to buy 150,000,000 GreenCoins, which are currently worth $49,350 at 0.000329, so we've done more than twice as well with the GreenCoins – though they are less liquid at the moment.  

    Our goal is to foster more interest in GreenCoin and we're beginning that by accepting them for 2018  Annual Memberships during the month of December.  The idea is to encourage people to go through the process of getting GreenCoins (a bit of a pain) and then transferring them from your wallet to ours.

    As an incentive, we are GUARANTEEING a conversion rate of 0.00044, which is still 33% higher than the current buy and more than twice as much as the week's lows so a 33-50% discount off the regular Annual Membership prices for people who are willing to learn how to work with cyrptocurrencies – which is a good thing to know how to do these days.

    At $329 per 1M GreenCoins – they also can make nice, environmentally-friendly Christmas gifts.

    For those of you who are interested, the official ROUNDED COST (which we will accept), in GreenCoins, of each Membership Level is:

    • PSW Report @ $995/year = 2,260,000 GreenCoins 
    • Top Trade Alerts @ $1,495/year = 3,400,000 GreenCoins 
    • Trend Watcher Membership @ $2,499/year = 5,680,000 GreenCoins 
    • Basic Live Chat Membership @ $4,995/year = 11,350,000 GreenCoins 
    • Premium Membership @ $9,995/year =  22,700,000 GreenCoins 

    To pay, you can simply send an EMail to Greg (admin@) and set up the payment in GreenCoins via wallet transfer (see how cool it will be when you can tell people you know how to do that!).

    Keep in mind, it does not make sense to pay more than 0.0004 (not even 0.00044) for the GreenCoins because, by the time you transfer them and such, there will be no profit.  At the time we first discussed this last week (in our Live Chat Room), the coins were 0.00022 and the low of the week since then was 0.00018 but, for the MONTH, the high was over 0.0045 – 10 times more than we are accepting them for.

    That's our motivation – it's no secret.  We are saving Greg the trouble of tediously bidding on GreenCoins we're looking to accumulate at the lows (it took us months to get to 150M at the time) and helping you learn this valuable skill but, behind it all is the possibility that we can make 10x or more on the money down the road.  

    There are layers and layers to this project as it is our intention, in 2018, to see if we can generate wider interest for GreenCoins and, hopefully, push them up to as much as a penny over time – where we will certainly sell at least 1/3 of our holding for what should be $1M by then.  

    It's very, Very, VERY possible this will fail and we'll be lucky just to recover our investment – but it's not a huge gamble with a very huge potential pay-off.  

    Step one is accepting the GreenCoins and generating some volume on the exchanges (GreenCoin is currently barely in the Top 100 at 95 but was near the bottom when we began buying them 2 years ago) and step two will be discussing our project and step 3 will be to wrangle other vendors into accepting GreenCoins and the reason I like GreenCoins in the first place is that, for each GreenCoin mined, one GreenCoin is also created and used to reward people who generate carbon credits.  

    Over time, we hope to put a bit of effort into creating a solid, verifiable chain that directly ties the credits to the coins, which will then make it very marketable to companies who want to do a bit to help the environment.  

    Keep in mind this is all an experiment and it's possible, down the road, that we may take our GreenCoin lessons and start a new currency with tighter controls (what they call an ICO) but, for now, we'll see if the whole CryptoCurrency fad lasts another year while we gain experience with one that's already gone through all the struggles of creation for us.

    The dream is, of course, we get someone like WFM, SFM, TSLA or SCTY to buy into our concept and accept GreenCoins as a sort of coupon deal (maybe let you buy coupons with your GreenCoins, much like we're doing with the Memberships).  That would send volume through the roof and really move to legitimize the currency.

    Currently, the best place to trade GreenCoin is www.CoinExchange.io (another project is getting it traded on Bittrex, the top coin site) and the link for GRE is https://www.coinexchange.io/market/GRE/BTC – it's a bit confusing because everything is priced in BitCoins but generally they are trading at 0.00000002 BitCoins and, if a BitCoin is $10,500, that's 0.00021, which is half of what we're willing to exchange them for as Annual Membership Payments (no other discounts apply, of course). 

    Also, and this is above my level of coin knowledge, it is possible to MINE GreenCoins and then it's even cheaper (in theory), but don't even ask me how that works. 

    Here's a nice video explaining GreenCoin by a fan (take predictions with a grain of salt!):

    They are currently rebuilding the GreenCoin site to make it user-freindly.  2018 is going to be interesting!  





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Phil's Favorites

What scientists are doing to develop a vaccine for the new coronavirus

 

What scientists are doing to develop a vaccine for the new coronavirus

It is critical to learn more about SARS-CoV-2, including its source and why transmission appears to be more efficient than with previous coronaviruses. (Shutterstock)

Courtesy of Marc-Antoine De La Vega, Université Laval

With an increasing number of confirmed cases in China and 24 other countries, the COVID-19 epidemic caused by the novel coronavirus (now known as SARS-CoV-2) looks concerning to many. As of Feb. 19, the latest numbers listed 74,280 confirmed cases including 2,006 deaths. Four of these de...



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Biotech & Health

What scientists are doing to develop a vaccine for the new coronavirus

 

What scientists are doing to develop a vaccine for the new coronavirus

It is critical to learn more about SARS-CoV-2, including its source and why transmission appears to be more efficient than with previous coronaviruses. (Shutterstock)

Courtesy of Marc-Antoine De La Vega, Université Laval

With an increasing number of confirmed cases in China and 24 other countries, the COVID-19 epidemic caused by the novel coronavirus (now known as SARS-CoV-2) looks concerning to many. As of Feb. 19, the latest numbers listed 74,280 confirmed cases including 2,006 deaths. Four of these de...



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Members' Corner

Why do people believe con artists?

 

Why do people believe con artists?

Would you buy medicine from this man? Carol M. Highsmith/Wikimedia Commons

Courtesy of Barry M. Mitnick, University of Pittsburgh

What is real can seem pretty arbitrary. It’s easy to be fooled by misinformation disguised as news and deepfake videos showing people doing things they never did or said. Inaccurate information – even deliberately wrong informatio...



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Zero Hedge

Easily Overlooked Issues Regarding COVID-19

Courtesy of ZeroHedge View original post here.

Authored by Gail Tverberg via Our Finite World,

We read a lot in the news about the new Wuhan coronavirus and the illness it causes (COVID-19), but some important points often get left out.

[1] COVID-19 is incredibly contagious.

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The Technical Traders

Gold Rallies As Fear Take Center Stage

Courtesy of Technical Traders

Gold has rallied extensively from the lows near $1560 over the past 2 weeks.  At first, this rally didn’t catch too much attention with traders, but now the rally has reached new highs above $1613 and may attempt a move above $1750 as metals continue to reflect the fear in the global markets.

We’ve been warning our friends and followers of the real potential in precious metals for many months – actually since early 2018.  Our predictive modeling system suggests Gold will rally above $1650 very quickly, then possibly stall a bit before continuing higher to target the $1750 range.

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Kimble Charting Solutions

Precious Metals Eyeing Breakout Despite US Dollar Strength

Courtesy of Chris Kimble

Gold and silver prices have been on the rise in early 2020 as investors turn to precious metals as geopolitical concerns and news of coronavirus hit the airwaves.

The rally in gold has been impressive, with prices surging past $1600 this week (note silver is nearing $18.50).

What’s been particularly impressive about the Gold rally is that it has unfolded despite strength in the US Dollar.

In today’s chart, we look at the ratio of Gold to the US Dollar Index. As you can see, this ratio has traded in a rising channel over the past 4 years.

The Gold/US Dollar ratio is currently attempting a breakout of this rising channel at (1).

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Insider Scoop

68 Stocks Moving In Friday's Mid-Day Session

Courtesy of Benzinga

Gainers
  • Trans World Entertainment Corporation (NASDAQ: TWMC) shares climbed 120.5% to $7.72 after the company disclosed that its subsidiary etailz entered into a deal with Encina for $25 million 3-year secured revolving credit facility.
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Digital Currencies

Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year

 

Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year

‘We have you surrounded!’ Wit Olszewski

Courtesy of Gavin Brown, Manchester Metropolitan University and Richard Whittle, Manchester Metropolitan University

When bitcoin was trading at the dizzying heights of almost US$2...



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What US companies are saying about coronavirus impact

By Aman Jain. Originally published at ValueWalk.

With the coronavirus outbreak coinciding with the U.S. earnings seasons, it is only normal to expect companies to talk about this deadly virus in their earnings conference calls. In fact, many major U.S. companies not only talked about coronavirus, but also warned about its potential impact on their financial numbers.

Q4 2019 hedge fund letters, conferences and more

Coronavirus impact: many US companies unclear

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Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Tuesday, 01 October 2019, 02:18:22 AM

Click for popup. Clear your browser cache if image is not showing.


Comment: Wall of worry, or cliff of despair!



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Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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