Dow Jones Industrial Average 23,358.24 (Down) Week ending 11/17/2017
S & P 500 = 2578.85
BitCoin. The word conjures up all kinds of thoughts. The California Gold Rush of 1849 is what comes to my mind. There is even Bitcoin "Mining", (like during the Gold Rush), which according to www,bitcoinmining.com is the following:
"Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.
Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere"
Here is what I posted on Twitter 4 days ago: "Bitcoin = Speculation. Options and Derivatives trading on BitCoin = Insanity squared. There is a place for crypto currency, but not at these prices." I do not think you should invest in BitCoin no more than I think a retail investor should do any currency trading. ( Because you will get your head handed to you!!).
1 Bitcoin currently ,(11/18/2017), is valued at $7699.98 US Dollars if you want to keep score going into the future.
However, I think there is a few stocks that you can invest in to take advantage of this "crypto" decentralized digital currency phenomenon.
First, Mastercard Incorporated,(Symbol MA, $149.02), has filed for 4 Patents on BlockChain Money Based transfer solutions. I believe that the pairing of this trusted franchise name combined with the rocket fuel of block chain crypto currency transactions can be a huge winner.
Mastercard is already up year to date 44.33% without these systems even being added yet, so a very successful and profitable franchise.
Second, Square Inc. (Symbol SQ, $44.26), is a financial services, merchant services aggregator and mobile payment company based in San Francisco, California. Square helps millions of sellers run their business - from secure credit card processing to point of sale solutions. They also make loans to small and micro businesses. Square Inc. that currently did $2 Billion dollars in sales has a stock price that is up 224.14% year to date.
Square has introduced the option to buy and sell Bitcoin through its Square Cash app.
Credit Suisse research analysts Paul Condra and Mrinalini Bhutoria reported the following: (Source: The Street.com article),
"Impact of this latest move is uncertain, but could give SQ [Square Inc] early mover advantage: While the function currently appears to only permit buying and selling of Bitcoin via an exchange with no ability to purchase other coins or to send coins directly to other Cash users, we believe it could place SQ in an early-mover position as a mainstream fin-tech company providing crypto-currency services," the report said. "SQ is also well positioned to enable crypto transactions at the physical point of sale." .
They have a Neutral rating on the SQ stock currently and also stated that PayPal, (Symbol PYPL), is also well positioned to provide similar services.
I believe that although MA and SQ are up at high prices for the year, I think that you can purchase them here for a 2 to 5 year investment.
So if you don't want to be dealing with Millibit Coin or Satoshi, (fractions of Bitcoins), then I would suggest just settling in with one or both of these stocks.
Thank you for reading and Happy Thanksgiving to my USA readers.
Sorry that I have not been able to blog on a weekly basis. Next blog, I will be back to my traditional Value Investing ideas.
Sincere regards,
Freewilly
S & P 500 = 2578.85
"Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.
Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere"
Here is what I posted on Twitter 4 days ago: "Bitcoin = Speculation. Options and Derivatives trading on BitCoin = Insanity squared. There is a place for crypto currency, but not at these prices." I do not think you should invest in BitCoin no more than I think a retail investor should do any currency trading. ( Because you will get your head handed to you!!).
1 Bitcoin currently ,(11/18/2017), is valued at $7699.98 US Dollars if you want to keep score going into the future.
However, I think there is a few stocks that you can invest in to take advantage of this "crypto" decentralized digital currency phenomenon.
First, Mastercard Incorporated,(Symbol MA, $149.02), has filed for 4 Patents on BlockChain Money Based transfer solutions. I believe that the pairing of this trusted franchise name combined with the rocket fuel of block chain crypto currency transactions can be a huge winner.
Mastercard is already up year to date 44.33% without these systems even being added yet, so a very successful and profitable franchise.
Second, Square Inc. (Symbol SQ, $44.26), is a financial services, merchant services aggregator and mobile payment company based in San Francisco, California. Square helps millions of sellers run their business - from secure credit card processing to point of sale solutions. They also make loans to small and micro businesses. Square Inc. that currently did $2 Billion dollars in sales has a stock price that is up 224.14% year to date.
Square has introduced the option to buy and sell Bitcoin through its Square Cash app.
Credit Suisse research analysts Paul Condra and Mrinalini Bhutoria reported the following: (Source: The Street.com article),
"Impact of this latest move is uncertain, but could give SQ [Square Inc] early mover advantage: While the function currently appears to only permit buying and selling of Bitcoin via an exchange with no ability to purchase other coins or to send coins directly to other Cash users, we believe it could place SQ in an early-mover position as a mainstream fin-tech company providing crypto-currency services," the report said. "SQ is also well positioned to enable crypto transactions at the physical point of sale." .
They have a Neutral rating on the SQ stock currently and also stated that PayPal, (Symbol PYPL), is also well positioned to provide similar services.
I believe that although MA and SQ are up at high prices for the year, I think that you can purchase them here for a 2 to 5 year investment.
So if you don't want to be dealing with Millibit Coin or Satoshi, (fractions of Bitcoins), then I would suggest just settling in with one or both of these stocks.
Thank you for reading and Happy Thanksgiving to my USA readers.
Sorry that I have not been able to blog on a weekly basis. Next blog, I will be back to my traditional Value Investing ideas.
Sincere regards,
Freewilly
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