Why Bitcoin Keeps Going Up: Analysis

The huge 2016-2017 Bitcoin rally is on a lot of people’s minds: Why does it keep going up? Didn’t all the ‘experts’ in 2011-2014 say it was a bubble? Why does it refuse to burst? Is it a bubble? Maybe not. Correct Predictions, Part 2:…

Correct Predictions

Predicting the future is notoriously hard, and that seems to have so far discouraged potential authors and readers alike. Predicting is not as hard [1] as, say, understanding theoretical physics or algebraic geometry. There is a simple heuristic I use: assume past trends will continue….

The Daily View: 1/17/2016 (lots of stuff)

From Fred Reed: The Inevitability of Eugenics I predict within 50 years America will start giving Eugenics a serious consideration as a way to tackle the growing entitlement spending problem, which by then will be much bigger than it is now if trends persist. Liberals…

Bitcoin: It Ain’t Going Away

Awhile back I made a post recommending bitcoin at $290; a month later it peaked at $550, fell to $330, and is now at $450 again: I don’t worry about the day-to-day moves, because I know Bitcoin is here to stay. Its not going away,…

Bitcoin Going Nuts Again

The left hoped bitcoin would be another fad or bubble, but you can’t keep a good thing down for long, and Bitcoin is surging again: Bitcoin is not going away. It’s here to stay, having long graduated from the ‘fad’ or ‘novelty’ stage. Transaction volume…

The Daily View: Economics, Poverty, Treasuries, Geithner, Bitcoin

The discussion of economics in the context of wealth inequality has become the new American pastime, along with idling on Facebook and watching re-runs on Netflix. Even those who have never taken an economics class have an opinion. And why wouldn’t they? Economics is a…