{"id":8867,"date":"2018-03-14T07:30:24","date_gmt":"2018-03-14T11:30:24","guid":{"rendered":"https:\/\/www.jeffclarktrader.com\/?p=8867"},"modified":"2018-03-14T07:30:24","modified_gmt":"2018-03-14T11:30:24","slug":"is-bitcoin-gearing-up-for-another-run","status":"publish","type":"post","link":"https:\/\/jeffclarktrader.com\/market-minute\/is-bitcoin-gearing-up-for-another-run\/","title":{"rendered":"Is Bitcoin Gearing Up for Another Run?"},"content":{"rendered":"<p>You know the old poker saying: \u201cIf you can\u2019t spot the sucker at the table, then it\u2019s probably you.\u201d<\/p>\n<p>That saying applies well to poker. It also applies to investing, speculating, and pretty much any activity in the financial markets.<\/p>\n<p>Too many people put their money at risk without understanding how the game is played. They don\u2019t do their homework. They don\u2019t do any research. They only care that their friends are getting rich by buying the latest hot stock, or flipping real estate, or trading derivatives on triple-leveraged-inverse-volatility-trusts, and they want in on the action.<\/p>\n<p>We all know how that story ends. The person with all of the money and none of the experience ends up with none of the money and one heck of an experience.<\/p>\n<p>So, with that in mind\u2026 Let\u2019s talk about cryptocurrencies\u2026<\/p>\n<p>Cryptocurrencies generated stunning returns last year. Bitcoin, for example, was up over 1,200% in 2017 \u2013 and it was one of the laggards of the group. Ether, a lesser-known digital currency, gained over 3,000%. And Neo \u2013 a Chinese cryptocurrency \u2013 rallied almost 20,000%.<\/p>\n<p>Cryptos became the main topic of conversation on last year\u2019s holiday party circuit. Biff and Muffy bragged about how they planned to fund little Skylar\u2019s private school tuition with Paris Hilton\u2019s sponsored initial coin offering (ICO). But when pressed with questions like \u201cHow does it work?\u201d Biff and Muffy went silent. They couldn\u2019t explain it because they didn\u2019t know. They hadn\u2019t done the research.<\/p>\n<p>So, when the cryptocurrency bubble popped in December, Biff and Muffy were left holding the bag. They were the suckers at the bitcoin table.<\/p>\n<p>But the crypto game isn\u2019t over yet. According to some experts, cryptocurrencies are gearing up for another run. And this time, the move could be even more impressive than last year\u2019s rally.<\/p>\n<p>But if you don\u2019t understand terms like blockchain, initial coin offering (ICO), and crypto wallet, then you don\u2019t have any business swimming in the digital currency pool. It\u2019s far better to stay on dry land and miss out on the potential gains than to drown because you don\u2019t know how to swim.<\/p>\n<p>On the other hand, if you\u2019re willing to do a little work, if you\u2019re willing to study the market and gain some knowledge about cryptocurrencies before you throw money into the sector, then you may have a shot at some truly phenomenal returns.<\/p>\n<p>One of the top experts in the space is Teeka Tiwari. He\u2019s the editor of\u00a0<em>Palm Beach Confidential<\/em>, and he\u2019s one of the smartest guys I know.<\/p>\n<p>Teeka has been involved in the digital currency market since its beginning. He has generated staggering returns. And he\u2019s the only person I trust to guide folks through this sector.<\/p>\n<p>Teeka\u2018s hosting a special educational webinar on digital currencies tonight at 8 p.m. ET. If you\u2019re interested in trading bitcoin, or any of the dozens of alternate digital currencies, then you absolutely must attend this webinar.<\/p>\n<p>To sign up, <a href=\"https:\/\/pages.exct.palmbeachgroup.com\/page.aspx?QS=38dfbe491fab00ea16e944ecdbe61bc975ef77ce2129255e41e6490448349480&amp;source=80314JmuEd\" target=\"_blank\" rel=\"noopener noreferrer\">click here<\/a>\u2026<\/p>\n<p>Best regards and good trading,<\/p>\n<p><img decoding=\"async\" style=\"max-width: 200px; width: 100%;\" src=\"https:\/\/casey-assets.s3.amazonaws.com\/images\/misc\/jeff-clark-signature.png\" width=\"200\" \/><\/p>\n<p>Jeff Clark<\/p>\n<h2 style=\"text-align: center;\"><strong>Reader Mailbag<\/strong><\/h2>\n<p>Today, readers respond to yesterday\u2019s <em>Market Minute<\/em> essay \u201c<a href=\"https:\/\/www.jeffclarktrader.com\/market-minute\/this-comment-hit-me-hard\/\" target=\"_blank\" rel=\"noopener noreferrer\">This Comment Hit Me Hard<\/a>\u201d\u2026<\/p>\n<blockquote style=\"border-left-color: #ddd; border-left-style: solid; border-left-width: 4px; margin: 0px 20px 20px 10px; padding-left: 20px;\"><p>Hi Jeff,<\/p>\n<p>I know you get a ton of emails inbound everyday with someone complaining about one thing or another. I just wanted to send you a note that does the opposite.<\/p>\n<p>I haven\u2019t had a great year in the markets, but that is despite your trade calls\/your service, not because of them. I have had a great winning ratio this year (thanks to you), but I have gone in overleveraged on a few trades that keep wiping out my profits because I have decided that I wanted to take on more risk for more reward and for one reason or another I thought a certain trade was a good one to go big on. I\u2019m not complaining about it because I\u2019m an adult and that was the risk I was taking on, and that has nothing to do with you. Sometimes I follow your position sizing recommendations and sometimes I don\u2019t\u2026 If I win on the trades where I \u201cgo in big\u201d then that\u2019s great, but if I don\u2019t that isn\u2019t your fault because you make it very clear what your recommendation is in every single trade recommendation that you make (and probably because after years of experience and probably just knowing that those couple of huge losses can do to a portfolio what they have done to mine this year). Much better to be consistently winning than to swing for the fences and strike out here and there.<\/p>\n<p>In any case, I just wanted to let you know that I think you have a tremendous service and it is an unbelievable value where honestly anyone who would play an average position size of even a fifth of your subscription price would be in the green within a couple months. It\u2019s clear you have a great passion for what you do and you do a great job at it. I honestly cannot believe that you put up with as much of the BS hate mail that you get\u2026 Maybe it just comes with the territory that some people are never happy and blame you for all of their dumb mistakes. If I was you, I would let all of these complainers walk since they clearly don\u2019t realize how lucky they are to have found a service this great for such a reasonable price. I guess you have to do what you have to do to keep your publisher happy, but just know that from my perspective I believe your subscription is worth a whole lot more and my only real fear with your subscription is that all that negativity from people may force you to say \u201cF it\u201d one day and hang it up and just trade for yourself\u2026 If you ever do get to that point, please try and keep some kind of a list of people who truly appreciate you and what you do for all of us out there that don\u2019t have the background and experience in the markets, or even just the time to watch everything to pick out the trades that you do.<\/p>\n<p>Again, thanks for the great year (regardless of what others may say) and keep up the awesome work \u2013 it\u2019s really appreciated!<\/p>\n<p align=\"right\"><strong>\u2013 Kevin<\/strong><\/p>\n<\/blockquote>\n<p>&nbsp;<\/p>\n<blockquote style=\"border-left-color: #ddd; border-left-style: solid; border-left-width: 4px; margin: 0px 20px 20px 10px; padding-left: 20px;\"><p>Jeff,<\/p>\n<p>I am a novice trader with only 2 years of options trading experience. I subscribed to your lifetime service to keep me &#8220;in the game&#8221; with a dedicated coach. I only trade options that you recommend. I do not trade in large amounts (yet) but feel every trade is a winner, in either a profit or a &#8220;small loss, lesson learned&#8221;.<\/p>\n<p>I read the subscriber comments that you publish with great interest. I greatly appreciate that you are willing to publish the good, bad, and the ugly. It helps me learn and also helps me understand my own emotions when I lose on a trade. You are similar in philosophy and ethics with your previous publisher, and I never feel I have been misled in your services.<\/p>\n<p>I read everything you write, not just the trades. I wonder if some of your negative commenters even read the full trade \u2013 or do they just &#8220;do the trade&#8221; without thought? Your explanations have sometimes made me decide NOT to do a trade. For example, I usually heed &#8220;this is not for my mother&#8221; advice!<\/p>\n<p>I think that many of your readers understand that, in the end, the trade is up to us as individuals. I learned early on not to &#8220;chase a trade&#8221; and to follow the advice I have paid for. It is hard to see a trade go out of range and never be able to make it, but that happens. I am not willing to risk losing money because I did not follow your advice. On the other hand, sometimes I make MORE money since an option price goes down a day later (after the rush) and I get in at a better price.<\/p>\n<p>Again, I trade in small amounts \u2013 mostly since I feel I am still learning about options. It took a lot to get away from straight buying and selling of stocks. It will take a lot for me to go bigger on some trades, but when I do, I will only do so on your advice. Thank you and please continue to run your service ethically and professionally.<\/p>\n<p align=\"right\"><strong>\u2013 Ann<\/strong><\/p>\n<\/blockquote>\n<p>&nbsp;<\/p>\n<blockquote style=\"border-left-color: #ddd; border-left-style: solid; border-left-width: 4px; margin: 0px 20px 20px 10px; padding-left: 20px;\"><p>Jeff, you are a great if not phenomenal trader. The moron that hurt your feelings does not realize that you are doing your job. Think about Belichick\u2019s quarterback, when he throws an interception he has a short memory. As a professional you need to have a short memory \u2013 forget about the small-minded subscribers and go on to the next trade. I am thankful that you don\u2019t chase bad trades. I admire you.<\/p>\n<p align=\"right\"><strong>\u2013 James<\/strong><\/p>\n<\/blockquote>\n<p>&nbsp;<\/p>\n<blockquote style=\"border-left-color: #ddd; border-left-style: solid; border-left-width: 4px; margin: 0px 20px 20px 10px; padding-left: 20px;\"><p>Hi Jeff. Ironically, prior to seeing your complainer subscriber, I was going to send an email saying &#8220;Thanks&#8221; because you seem like the hardest-working investment advisor out there. In the short time I&#8217;ve been a subscriber, I&#8217;ve have the opposite impression from Mark \u2013 so many updates throughout the days and trades when appropriate. I wondered if you ever take a vacation. I appreciate the good work. (And yes, some people you can never make happy.)<\/p>\n<p align=\"right\"><strong>\u2013 Tina<\/strong><\/p>\n<\/blockquote>\n<p>&nbsp;<\/p>\n<blockquote style=\"border-left-color: #ddd; border-left-style: solid; border-left-width: 4px; margin: 0px 20px 20px 10px; padding-left: 20px;\"><p>Dear Jeff,<\/p>\n<p>My father and I very much appreciate reading your <em>Market Minute<\/em> every day. We congratulate you on your work and also on the gentlemanly way you answer disobliging customers. Best wishes to you and your family!<\/p>\n<p align=\"right\"><strong>\u2013 John<\/strong><\/p>\n<\/blockquote>\n<p>&nbsp;<\/p>\n<blockquote style=\"border-left-color: #ddd; border-left-style: solid; border-left-width: 4px; margin: 0px 20px 20px 10px; padding-left: 20px;\"><p>AWESOME response Jeff! In my humble opinion, you do an outstanding job and I have learned much from your writings! Old Mark just doesn&#8217;t get it! Keep up the great work! Happy Trails!<\/p>\n<p align=\"right\"><strong>\u2013 Harvey<\/strong><\/p>\n<\/blockquote>\n<p>&nbsp;<\/p>\n<blockquote style=\"border-left-color: #ddd; border-left-style: solid; border-left-width: 4px; margin: 0px 20px 20px 10px; padding-left: 20px;\"><p>Jeff, well put. Actually, I&#8217;m new myself. I&#8217;ve made money and pretty substantial money too, on all trades I&#8217;ve done with you. Granted it&#8217;s only been three. But 3\/3 to me is already wayyy better than another service I subscribe to which has NO refund. Yet I expect to not exercise my refund with you and to trade less and less with their recommendations and more and more on yours. That&#8217;s how confident I am with you and your approach. Honestly. Many thanks so far! With you, I expect and see I will make around an average of $2,000 to $3,000 per week until I&#8217;m 65 and that&#8217;s only in another 17 years. Thanks for the new career move!<\/p>\n<p align=\"right\"><strong>\u2013 Jeff<\/strong><\/p>\n<\/blockquote>\n<p>Thanks to everyone for the encouraging letters. Whether you have more positive things to say, a question about option trading, a suggestion for how to improve our services, or a trading story, please don\u2019t hesitate to send it <a href=\"mailto:feedback@jeffclarktrader.com\">right here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let\u2019s talk about cryptocurrencies\u2026<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"service":"","footnotes":""},"categories":[1],"tags":[],"publication":[10],"person":[7],"newsletter-type":[],"ticker":[],"class_list":["post-8867","post","type-post","status-publish","format-standard","hentry","category-market-minute","publication-market-minute","person-jeff-clark"],"acf":[],"_links":{"self":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/8867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/comments?post=8867"}],"version-history":[{"count":0,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/8867\/revisions"}],"wp:attachment":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/media?parent=8867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/categories?post=8867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/tags?post=8867"},{"taxonomy":"publication","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/publication?post=8867"},{"taxonomy":"person","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/person?post=8867"},{"taxonomy":"newsletter-type","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/newsletter-type?post=8867"},{"taxonomy":"ticker","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/ticker?post=8867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}