JPMorgan's Advice for Navigating Wild Stock Market Swings: BTFD

JPMorgan's Advice for Navigating Wild Stock Market Swings: BTFD 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Two top JPMorgan analysts are encouraging investors to buy the dip whenever the stock market tumbles, saying any Dow plunges are temporary. | Source: REUTERS / Lucas Jackson Two top JPMorgan analysts are encouraging investors to keep calm during any forthcoming stock market downturns and to buy when the Dow Jones tumbles. Why? Because they say the dips are temporary and the stock market will eventually recover any of its lost gains. JPMorgan: Stock market will regain previous highs JPMorgan quant guru Marko Kolanovic and chief U.S. equity strategist, Dubravko…

Bitcoin Basher Peter Schiff Destroyed by Crypto Twitter for Fake News

Bitcoin Basher Peter Schiff Destroyed by Crypto Twitter for Fake News 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin basher Peter Schiff, an avowed gold bug, got dragged on Twitter after spouting a false claim about the bitcoin price. | Source: AP Photo / Mark Lennihan Gold bug Peter Schiff got dragged on Twitter after spouting false information about bitcoin. Schiff incorrectly claimed that BTC prices have plunged 15% since June 19. By comparison, Schiff gloated that gold prices have spiked 10% during the same period. Instead of dropping, Schiff said the bitcoin price should have climbed due to a combination of “favorable press, weakness in global currency and…

The Bitcoin Skeptic: Why Bitcoin Will Never Replace Fiat Currency

The Bitcoin Skeptic: Why Bitcoin Will Never Replace Fiat Currency 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin price dipped under $10,000 while trading on Sunday. | Source: Shutterstock As the resident bitcoin skeptic at CCN.com, today I’ll be looking at the myth that bitcoin will one day replace all fiat currencies. The Bull Fiat Currency Case for Bitcoin The bullish argument goes as follows: governments are increasing their borrowings to unprecedented and unsustainable levels.  The debt burden will eventually cause governments to collapse, even the United States, and even under President Trump! When that happens, there is no more “full faith and credit” of the government…

Dow Futures Pump 100 points, but Ex-White House Insider Warns of Recession

Dow Futures Pump 100 points, but Ex-White House Insider Warns of Recession 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Dow futures jump 100 points despite warning from former White House advisor and Treasury Secretary. Source: Shutterstock The US stock market looks set to open in positive territory on Wednesday as Dow futures pump 100 points higher in early trading. Despite the bounce, experts are increasingly nervous about flared tensions between Trump and China. Lawrence Summer, former US Treasury Secretary and White House advisor, said the threat of recession has magnified since May’s trade deal breakdown. “[Chance of recession is] “much higher than it needs to be and much higher…

'Coinbase Effect' Makes Little-Known Cryptocurrency Go Bananas

'Coinbase Effect' Makes Little-Known Cryptocurrency Go Bananas 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

A little-known cryptocurrency surged 60% after Coinbase said it was “exploring” listing it on its exchange. | Source: Shutterstock Coinbase announced the potential addition of several new cryptocurrency assets this week. One of them, Matic Network (MATIC) jumped by over 60% in the 24 hours since the announcement. Little-Known Cryptocurrency Gains Over 60% With $100 Million Volume With a volume of nearly $100 million, the Matic price rose from just over 99 satoshis or 1 US cent to nearly $.017. Depending on how much you hold, that seemingly insignificant gain…

Amazon Lost More Value Since July Than 2.5 Times Tesla’s Market Cap

Amazon Lost More Value Since July Than 2.5 Times Tesla’s Market Cap 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Amazon stock has lost more value in the past month than the entire GDP of 23 countries and the market cap of 600 other stocks. | Source: (i) Drew Angerer / Getty Images / AFP (ii) Source: REUTERS/Mike Blake; Edited by CCN Amazon stock’s market value fell by a whopping $28 billion in Monday’s stock market slaughter. Since July 18, when Amazon reported its quarterly earnings, it’s market value has declined by $103 billion. Amazon’s fall over the past month | Source: Yahoo Finance How huge is this loss? Let’s…

Dow Futures Bloodbath as China 'Weaponizes' Currency Against Trump

Dow Futures Bloodbath as China 'Weaponizes' Currency Against Trump 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

China is sticking the middle finger up at Trump. | Source: REUTERS/Brendan McDermid US stocks are set to open deep in the red on Monday, as Dow Jones Industrial Average (DJIA) futures fell more than 300 points lower. Stock markets are in free fall around the world after China hit back at Trump’s proposed tariffs and Twitter threats. The Chinese government let the yuan fall to an 11-year low on Monday, effectively sticking a middle finger up at Donald Trump. China also instructed its state-owned companies to stop buying US…

Bitcoin to Crack $15,000 This Week amid Waning Trust in Fiat: Max Keiser

Bitcoin to Crack $15,000 This Week amid Waning Trust in Fiat: Max Keiser 11  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Max Keiser believes that the bitcoin price could rally around 40% this week thanks to weak confidence in central banks and fiat currencies. | Source: Shutterstock Bitcoin bull Max Keiser already has a six-figure price target for the flagship cryptocurrency. He believes that the digital asset will eventually replace gold as a safe-haven investment and beat the returns of all asset classes. If that claim doesn’t seem ambitious to you, then his latest tweet definitely will. Bitcoin is currently trading at just under $10,700, and the Keiser Report host predicts…

The Stock Market Crash Is Coming. Here's How to Prepare

The Stock Market Crash Is Coming. Here's How to Prepare 12  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

With the stock market selling off this week, investors should tune up their portfolios by considering broad hedging strategies. | Source: Shutterstock With the stock market at its second most expensive valuation ever, and under some heavy selling pressure this week, it is a good idea for investors to know how to hedge their portfolios against a correction or a crash. Step 1: Diversify, Diversify, Diversify John V. Lintner is a famous economics professor who studied the use of commodities futures to reduce risk in stock and bond portfolios. He…

Don't Panic: Bitcoin's 'Plunging Supply' Is a Feature – Not a Bug

Don't Panic: Bitcoin's 'Plunging Supply' Is a Feature - Not a Bug 13  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Ignore The Sun’s alarmist headline: Bitcoin’s “plunging supply” is a feature – not a bug. It’s precisely why so many call BTC “digital gold.” | Source: Shutterstock Bitcoin presents a common-sense notion that’s surprisingly radical to many fully-grown adults: Once it’s gone, you can’t have any more of it. As commodities go, it acts more like a rare metal than a technology – hence its comparison to gold. It Doesn’t Matter If We’ve Mined 99% of the Bitcoin Supply Many supposedly educated grown-ups still struggle to grasp the basics of…