Tag: Bitcoin (BITCOIN:BITSTAMPUSD)

Who Will Win The Next Big Financial Frontier?

Posted on by The INO.com Team

There's something coming that is going to be very big and all the major companies, from Amazon (NASDAQ:AMZN) to Google (NASDAQ:GOOG) to Apple (NASDAQ:AAPL), are all vying to control and own this new frontier. This could be as big and as ubiquitous as the Internet.

Who among these three players is going to win?

On Tuesday, Apple rolled out its new iPhone, along with the new Apple Watch, and something that didn't get a lot of attention called Apple Pay. Now all of these same technologies exist with other companies in one form or another, but what I see as the next big thing for all of the above-mentioned companies is going to be mobile payments.

But what if none of these companies are successful on the upcoming financial frontier, who will take the prize? Continue reading "Who Will Win The Next Big Financial Frontier?" →

With The World Spinning Out Of Control, Have The Markets Got It Right?

Posted on by The INO.com Team

It seems everywhere you turn there is bad news around the world. Whether it's the Ukraine and Russia shooting down a passenger plane, all the problems in Afghanistan and Iraq with ISIS, and let’s not forget, Hamas and Israel.

Despite having every known obstacle and block thrown in its path, the markets continue to march on and trend higher. How much longer this can go on is anyone's guess.

Somewhere along the line, the markets will make a turn to the downside and when that happens I certainly don't want to be left holding the bag based on what the pundits are saying. I trust in the Trade Triangle technology given its solid track record.

Today, I will be looking at the major indices and indicating where the "line in the sand" is drawn to exit positions should a downturn occur.

I'll also be looking at Netflix Inc. (NASDAQ:NFLX) with its big break down today. I'll share with you one indicator that could have helped predict today's move. Continue reading "With The World Spinning Out Of Control, Have The Markets Got It Right?" →

Poll: Are You Bidding On Bitcoins Today?

Posted on by The INO.com Team

A couple of days ago we came across an article on Bloomberg about an upcoming auction (6/27/14 - Today) on a cache of Bitcoins worth about $17 million. The auction is for 29,656 Bitcoins, which are part of more than 144,000 the FBI transferred to U.S. Marshals after shutting down the Silk Road marketplace and arrested its operator last year. This auction offers a rare opportunity to secure a large amount of the virtual currency at one time.

Here's a link to FAQ's about the auction - Bitcoin Auction FAQ's

I thought it would be interesting at ask....

Would you bid in this auction?

View Results

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As always, we would love to hear what you have to say on the subject of the auction or just Bitcoin (BITCOIN:BITSTAMPUSD) in general.

Every Success,
Jeremy Lutz
INO.com and MarketClub.com

Big Businesses Are Using Bitcoin -- Should You?

Posted on by admin

After a century of paying bills through the mail, an increasing number of Americans have made the switch to online bill payment systems.

Banks love the system because it reduces their transaction costs, but they now have a new competitor: Bitcoin.

Satellite TV provider Dish Networks (Nasdaq: DISH) has just announced plans to start accepting bitcoin. Overstock.com (Nasdaq: OSTK) and Virgin America also initiated a bitcoin payment option in the past year, and other major corporations may soon follow. That means you're likely to start hearing a lot more about this virtual currency.

For non-techies like me, two quick questions arose: How does bitcoin actually work? And is it a good idea, or just a flavor of the month? To find out, I did a little digging.

Controversial, But Gaining Acceptance
Bitcoin was launched in 2009 as an alternative to traditional payment systems. While digital payment systems such as PayPal conduct transactions in hard currencies (such as the dollar), bitcoin is an entirely new form of currency. Continue reading "Big Businesses Are Using Bitcoin -- Should You?" →

Mt. Gox's Downfall Shows the Power of Creative Destruction: Erik Voorhees Interview

Posted on by The INO.com Team

Bitcoin evangelist and Coinapult Cofounder Erik Voorhees gives us his thoughts on the demise of Mt. Gox and losing nearly $300K in Bitcoin… why cryptocurrency exchanges are a threat to government and the banking industry… what really happened with China’s "ban" on Bitcoin…and advice for investing in cryptocurrencies.

Here are a few excerpts:

"You know, Mt. Gox was … really the first Bitcoin exchange. They got started by this hacker guy who put it together and was suddenly running a $100 million Bitcoin exchange. That's sort of a recipe for disaster. … This is the ultimate creative destruction of capitalism. There's a huge market opportunity for people who know how to do this right, to step in and do it—and already we have exchanges that are better run than Mt. Gox." Continue reading "Mt. Gox's Downfall Shows the Power of Creative Destruction: Erik Voorhees Interview" →