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Author: mandmweb

What Should Bitcoin Be Worth?

The cryptocurrency feeding frenzy continues as you can now trade bitcoin futures. So much has been written about how bitcoin trading is like the tulip bulb frenzy in Holland centuries ago. But those who believe in bitcoin believe that the cryptocurrency will eventually replace currencies like the dollar, euro and yen. If you are interested in making money in cryptocurrencies or their futures contracts you need to have a basis on which to make your decisions. The question is what should bitcoin be worth? Investopedia poses the question, why do bitcoins have value. Currency also provides a universal measurement for accounting purposes. For instance, without currency, it is difficult to compare companies that sell different goods. Currency is used as a store of value, which makes saving, investing and banking easier. Some currencies, like gold, have value because they are useful as a commodity. Government fiat currencies, like the U.S. dollar, have value because governments grant them legal tender status and only accept taxes through them. Bitcoins do not have value as a physical commodity like gold and are not widely accepted as legal tender like dollars. Bitcoin has value to those who by them for the following reasons. There are buyers and sellers of bitcoin making it possible to buy bitcoins with dollars and to buy dollars with bitcoins. For those in the bitcoin world bitcoin is an...

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Could You Be a Bitcoin Billionaire?

Bitcoin just keeps going up despite repeated comparisons to the Dutch tulip bulb mania and crash centuries ago. Now, according to the news, there are two bitcoin billionaires, the Winklevoss twins. These guys successfully sued Marc Zuckerberg for $64 million claiming that he stole the idea for Facebook from Harvard Connection, of which they were co-founders. That is where the money came from to buy bitcoins. Business Insider notes the billionaire status of the Winklevoss boys as bitcoin goes above $11,500. Bitcoin’s rise comes amid continued interest in the digital currency from both ordinary investors and institutions. Last week it emerged that exchange operator Nasdaq could follow rival CME Group in launching bitcoin future contracts next year, a sign that professional investors are increasingly taking the asset seriously. Former Olympic rowers Cameron and Tyler Winklevoss disclosed in 2013 that they owned $11 million worth of bitcoin. The cryptocurrencies meteoric rise since then – it has risen over 1,000% this year alone – has propelled that investment to over $1 billion, according to the Telegraph. Could you be a bitcoin billionaire? First, it helps to start with a few million and then you need to go back in time to at least before the start of 2017 for the most recent impressive run up. But people are still putting money into bitcoin so it would appear that folks still expect...

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When the Chinese Market Implodes What Happens to Your Investments

As US investors consider the odds of a stock market correction investors in China are already selling stocks. The Financial Times reports on a fresh China stock selloff. Chinese stocks were back under pressure, as concern about a government crackdown on leverage levels continue to unnerve investors, leaving sentiment fragile. The CSI300, a composite of stocks listed in Shenzhen and Shanghai, fell 1.3 per cent to a near-three-week low after notching its biggest one-day fall in 17 months on Thursday amid concerns over rising corporate bond yields. Since the start of trade then, it is down by over 4 per cent, trimming its year-to-date advance to 22 per cent. The decades-long Chinese economic expansion was based on borrowing to build manufacturing and export capacity and has left the China with a huge amount of private and public debt. The situation in China is reminiscent of that in Japan in the late 1980s when their economy seems all set to take over the world and then hidden debts stifled growth and sent them into a quarter century of deflation. Thus the Chinese economy may be in for a reset or may implode leaving things in shambles for years if not decades. Our concern is when the Chinese market implodes what happens to your investments? Are You Invested in China? A lot of foreign direct investment has gone into China. Likewise...

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Should You Be Investing Offshore?

The US stock market rally may have run its course. But the old saying is that there is always a bull market somewhere. Should you be investing in foreign stocks? Money Watch writes about why foreign stocks are beckoning US investors. Investors in Wall Street’s long-running bull market are obviously a very happy bunch. But many who now question just how long the party will hold up have started looking elsewhere to move at least part of their money. And these days, the international equity markets are beckoning – enticingly so. Indeed, recent trends have fueled rallies in Europe and the emerging markets, analysts point out, although the US equity market continues to have an enormous lead on the rest of the world after the financial crisis. Many global market analysts note that prices are no longer cheap by historical standards, but even so, international stocks look more favorable compared with US stocks. As earnings continue to drive growth the best places to be may well be Europe or in emerging markets. Further down the list is China where there is still great promise but also increasing risk based on excess manufacturing capacity and an awful lot of debt that just keeps increasing. The underlying risk in investing in China is still that the government controls the economy. An example is the recent shadow bank clampdown that briefly drove...

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Shandong Liangshan

¬†¬†Liangshan exclusive automobiles and auto parts industries have sprung up everywhere, in less than five years, the county’s Special Purpose Vehicle manufacturers and parts manufacturers develop to 52, employing more than 5,800 people, the auto industry reached 780 million yuan of total assets, products, developed into 10 series over 100 varieties, special-purpose vehicle production accounts for one-third of total output, becoming the country’s largest trailer production base. In 2004, the county produced a total of 36000 sets all kinds of modified cars to achieve sales income of 2.3 billion yuan, profits and taxes 230 million yuan. In such an economically non-payment of Liangshan Daxian, there are 3 billion in annual sales revenue over production of private enterprises to enter the trailer of “civil modified vehicle manufacturers and products directory”, which are Dongyue, Tung Asia and Arima. Liangshan County trailer industry started in the last century the late 80s and early 90s roadside Electric Welding farm machinery repair shop, when the Liangshan and the surrounding affluent farmers began to use tractors engaged in transport, while some hate boxing sit Dento Dipu Town of farmers in the vicinity of State Highway 220, opened one after another of the dozens of simple Electric Welding repair retail outlet, that is, they engage in the farm machinery repairs, service package in the first batch of rich farmers, and gradually learned to manufacture tractor trailer....

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