Crypto Market Report 001 and Is Bitcoin a Bubble?

This is the Crypto Market Report brought to you by Neocash Radio dot com.

Is Bitcoin a Bubble? Is this like the dot com boom and bust? A critical look at these ideas and more following the Crypto Market Report.


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Crypto Markets are down across the board.

Bitcoin is seeing sub $2000 prices with Poloniex leading the exchanges on volume with the Ripple and Ether pairings on top. The Poloniex BTC/USDT pairing dropped as low as $1600 earlier today. Koreans are still paying a premium with Korean exchanges showing prices over $2400.

Looking at Ethereum, Korean exchanges are topping the volume charts with 30% the market volume and a price premium of $180. The latest news is that one of the biggest Chinese exchanges Huobi is adding Ether today.

Dash is back under $100 but just as bitcoin and Ethereum, Korean exchanges are trading at $120.

Most other coins and tokens are down 20-45%


There are many like it but I’m linking to a recent Forbes article that begs the question is Bitcoin a Bubble? I will attempt to answer it for bitcoin and crypto currencies at large. No, it is not a bubble. As we discussed in episode 208 of Neocash Radio, what you are seeing is the next stage of mass adoption, not the iphone in every hand stage but an earlier stage. Think the first wave of internet capable phones. You know the 1x years where internet was text based and highly pixelated. That’s the stage that crypto is in now. The User Interface of most clients is unrefined and strictly functional. Just installing the software for some coins requires a modicum of IT knowledge and confidence. It’s rough, it’s sometimes dirty, and it can be challenging but it works. It works so well that we have a massive influx of new users and new money.

The dot com bubble saw a rise in financing for a vast array of internet ideas and solutions. Many of which did not pan out. In that sense this is exactly like the dot com scenario. You have hundreds of blockchains competing for a piece of the future pie. Many of the projects have little more than a minimal viable product. Some have little more than a white paper. Many will fail and several others will usher in a new age of digital humanity.

There are many differences between the dot com era and today. For one, with many blockchains you have a level of transparency that allows anyone to scrutinize every transaction. Secondly, the software is open source and is often reviewed by numerous experts. Third, the core community is a tenacious, intelligent and often unforgiving. Many in the community have seen or felt the sting of a scam, rip off, or simply a bad trade. They will see the red flags and they will shout. There are very few places to hide and the fickle marketplace can giveth just as quickly as it taketh.

As I mentioned in the Crypto Market Report, Coinbase has had a massive influx of new accounts each potentially bringing with it a fiat to crypto transaction. The crypto markets are being flooded with fiat from many as of yet untapped sources like Korea, Japan, and Australia to name a few. JPMorgan, Toyota, and Fidelity are also investing in blockchain technology. This is not a bubble. It is the next wave of mass adoption. This trend will continue. This is my imperfect forward-looking assessment:

  • There will be a surge upward that generates news and attracts new money
  • New traders buy in pushing the trend higher
  • New heights cause a mix of euphoria and trepidation
  • The wave crests – a decline will happen locking most of the money in the market (who wants to sell for a loss right after getting in?)
  • Repeat but now those new traders are seeing gains – some cash out and are replaced by new money, some double up

Its organic, massive, and nigh unstoppable. Welcome to the future.


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Ep199: Chinese BTC Exchange Goes Full Retard, Bitcoin Core PoW Seppuku, DASH Debit Card

What’s a chain fork? The IRS claims only 802 people claimed Bitcoin on their 2015 taxes, and we explore the difficulty BTC users face with IRS compliance. Numerous Bitcoin exchanges issue joint letter regarding Bitcoin ticker tag in the face of the chain fork. Darren talks about what to expect from a Bitcoin Unlimited / Bitcoin Core hard fork and elaborates on what a chain fork is. Bitcoin Core explores a new Bitcoin Proof-of-Work algorithm that would render current ASICs obsolete for Bitcoin mining. Pedro shares a new website that monitors and optimizes Ethereum transaction gas prices. Darren has a scam alert and a cautionary tale about CoinTelegraph’s article credibility. China demands explicit details from Bitcoin exchange users, including receipts that will be verified against Chinese National Archival records. The Zcash Company announces the creation of the Zcash Foundation which will be rewarded with part of the Zcash Founder’s Reward. We talk about methods used by the Zcash team to create the initial public and private keys. Charlie Shrem is looking for funding to create a Dash based debit card. Prediction markets are a big part of the crypto space, can they actually predict the future? Matchpool looks to link up people for a variety of reasons including dating.

All this and more on the Neocash Radio podcast, episode 199 — Wednesday, March 22nd, 2017!

We’ve written out short overviews of the topics discussed on today’s show below! Be sure to listen in to the whole podcast to get more information, insights, and thoughts on each of them from JJ, Darren, and Randy!

Stream this podcast episode:

or Direct Download the podcast as an MP3 – Neocash Radio episode 199 


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Traditional Financial Markets Cryptocurrency Markets
Gold $1,248 Bitcoin (BTC) $1,015
Silver $17.51 Ethereum (ETH) $40.57
Oil $48.13 DASH $99.00
Dow Jones 20,661 points Zcash (ZEC) $65.40
30Y UST Yield 3.017% Monero (XMR) $20.70

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Ep194: China Freezes Bitcoin Withdrawals, Ethereum Gets Big Banks, the U.S. “Debt Reckoning”

The U.S. federal government is running out of lenders. Federal Reserve Chair Janet Yellen tries defending Fed “independence” & banking regulations. Erik Voorhees discusses “the true cost of Bitcoin transactions.” Two of China’s “Big Three” Bitcoin exchanges stop BTC withdrawals for one month. Rumors swarm that JP Morgan & Santander joined new “Enterprise Ethereum” blockchain group. Vitalik blogs with updates on Ethereum core development. World Government Summit in Dubai focuses on “Smart Cities” and “Building the Hyperconnected Future on Blockchains.” Jaguar releases first in-car “Pay-for-Gas” app. Plus our friend Pedro joins us in-studio once again!

All this and more on the Neocash Radio podcast, episode 194 — Wednesday, February 15th, 2017!

We’ve written out short overviews of the topics discussed on today’s show below! Be sure to listen in to the whole podcast to get more information, insights, and thoughts on each of them from JJ, Darren, and Randy!

Stream this podcast episode:
or Direct Download the podcast as an MP3 – Neocash Radio episode 194 


Tune in to Neocash Radio every Wednesday night and
RETWEET ALL THE THINGS @NeocashRadio!

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on iTunesSoundcloudStitcher/ YouTubeGoogle Play & iHeartRadio!
We’re also on Tunein, Player.FM, Overcast.FM, Podcast Addict, Blubrry, LBRY and more!


Traditional Markets Crypto Markets
Gold $1,234 Bitcoin (BTC) $1,009
Silver $17.95 Litecoin (LTC) $3.81
Oil $53.00 Zcash (ZEC) $33.75
Dow Jones 20,611 points Ethereum (ETH) $13.00
30Y UST Yield 3.08% DASH $19.31
Euro (EUR) $1.06 Monero (XMR) $13.66
Chinese Yuan (CNY) $0.15 Augur REP $4.90
British Pound (GBP) $1.25 1 Doge = 1 Doge

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Ep190: Chinese Debt Fallout, Nigerian Payroll Exorcism, Mexico’s Oil Subsidy Blowback

Mexico feels the blowback from flawed economic policies including a government oil monopoly and subsidies. The new Nigerian president is cleaning house by eliminating graft including 50,000 ghosts on the government payrolls. Chinese suffers from debt woes leading to a crackdown on capital flight, a censorship of the New York Times and a crumbling Yuan. Swarm City distances themselves from Arcade City founder Christopher David. Zcash published a video hyping up the security and techniques they used to create the cryptocurrency. Last weeks Monero price jump may have been caused by an announcement that they would be targeting the Chinese market. JJ and Darren discuss how an up-and-coming new cryptocurrency may end up eating Bitcoin’s lunch.

All this and more on the Neocash Radio podcast, episode 190 — Wednesday January 11th, 2017!

We’ve written out short overviews of the topics discussed on today’s show below! Be sure to listen in to the whole podcast to get more information, insights, and thoughts on each of them from JJ and Darren!

Stream this podcast episode:


or Direct Download the podcast as an MP3 – Neocash Radio episode 189


Tune in to Neocash Radio every Wednesday night and
RETWEET ALL THE THINGS @NeocashRadio!

Subscribe to the Neocash Radio podcast
on iTunes/ Soundcloud/ Stitcher/ YouTube/ Google Play & iHeartRadio!
We’re also on Tunein, Player.FM, Overcast.FM, Podcast Addict, Blubrry, LBRY and more!


Traditional Markets Crypto Markets
Gold $1,192 Bitcoin (BTC) $789
Silver $16.69 Litecoin (LTC) $3.89
Oil $52.38 Zcash (ZEC) $40.05
Dow Jones 19,952 points Ethereum (ETH) $9.72
30Y UST Yield 2.952% DASH $11.34
Euro (EUR) $1.04 Monero (XMR) $11.60
Chinese Yuan (CNY) $0.14 Augur REP $3.81
British Pound (GBP) $1.22 1 Doge = 1 Doge

Continue reading

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