Hey folks, I’m giving a presentation this Saturday, November 7th at 11am ET on the “Wall Street Influencers” webinar. Here is a link to get you signed up to attend for free. 

My presentation will be about the “Four Major Rules” that govern how all price charts move, and allows me to look at any chart and at any timeframe and understand what the chart’s likely to do from there. You’ll also receive the replay recording if you can’t (or WON’T!) attend this Saturday, but you have to register first. 

Thanks, and I’ll see you there! 

Doc Severson

Doc's Daily Commentary

Mind Of Mav

Will Trump Or Biden Win Tonight? Well, It Doesn’t Matter To Crypto

Tonight is the US Election (finally).

The most divisive election in recent memory will (hopefully) have a conclusion in the next 24 hours . . .

. . . and yet, the crypto space has hardly noticed.

Strange as it may seem, the cryptocurrency markets couldn’t care less who wins the White House. Or the Senate. Or the US House of Representatives.

Why?

Because both sides have sworn to print and spend trillions more in yet ANOTHER attempt to jump-start a sickly economy.

There comes a time in the life cycle of every empire … where common sense and reason give way to laziness and hubris. It’s not as if we haven’t seen reckless money printing before.

The Romans tried it a couple millennia ago, for instance, and all it did was accelerate the collapse.

Looking beyond the election, it’s abundantly clear the unprecedented mismanagement of the US economy is not going to change. For example, all we hear out of Washington is …

– Deficits don’t matter.

– Spending money doesn’t matter.

– Printing reckless amounts of dollars doesn’t bring about inflation.

Gosh, if you believe this … I may have some swampland in Florida you’d like to buy!

The eve of destruction

Look, I’m not saying flagrant money-printing is the single cause of all the world’s ills. But it is undeniably a symptom of a financial system on the edge of collapse.

Innovation, investment and honest hard work, all fundamental American values, have given way to corruption, cronyism — and the printing press is being run to pay for it all.

That brings me to the recent action taken by the US Department of Justice and Commodity Futures Trading Commission. They charged BitMEX with illegally operating an unlicensed derivatives exchange and Violating the Bank Secrecy Act.

BitMEX founder Arthur Hayes was born and raised in America. He practically invented the derivatives contracts that are now used to trade hundreds of billions of dollars every month.

This is American ingenuity at its finest.

How is he rewarded? By being labeled a criminal.

And for what? Violating a law that’s mostly used to protect big, politically well-connected banks from uncomfortable competition.

Why do I say this?

Because just as the U.S. government is trying to ruin BitMEX, we learn banking behemoth JPMorgan is quietly settling a lawsuit for knowingly manipulating precious metals markets, causing investors to lose USD 300m. No criminal charges whatsoever.

Gimme a break!

Déjà vu — all over again!

Sounds like 2008, doesn’t it? Tens of millions of Americans lost their homes. Dozens of banks knowingly and willingly defrauded investors. And yet no one was charged. Or went to jail.

No matter how bitterly contested, it’s going to take a lot more than a Presidential election to truly solve any of this. And the crypto markets understand this. Perversely perhaps …

  • The more chaotic the legacy legal and political systems of America become, the more crypto assets thrive.
  • The more US government officials crackdown on crypto trading, the more they push innovation offshore — and make global competitors like China or Russia look good by comparison.
  • And the more they corrupt the currency, the more people all over the world pull funds out of the legacy fiat money system and into cryptocurrencies, driving them higher and higher.

So, whatever you do, don’t think there’s going to be any kind of return to “normal life” after the election.

Regardless of who wins, quiet times do not lie ahead.

The revolution is about to erupt . . .

. . . and no power on earth can stop it.

The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)

Add your vote to the V3 Portfolio (Phase 3) by clicking here.

View V3 Portfolio (Phase 2) by clicking here.

View V3 Portfolio (Phase 1) by clicking here.

Read the V3 Portfolio guide by clicking here.

What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as
possible.

The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

Move Your Mouse Over Charts Below For More Information

The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)

Add your vote to the V4 Portfolio by clicking here.

Read about building Crypto Portfolio Diversity by clicking here.

What is the goal of this portfolio? 

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.
This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.
To give an update on the position, each one listed in low to high relative risk:
SoV/money == BTC, DCR
Platforms == ETH, XTZ
Private Money == XMR / ZEC / ZEN
DeFi == MKR / SNX and stablecoins
It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:

 

 

Move Your Mouse Over Charts Below For More Information

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