Ten Top Alt-Fin posts that marked 2017
Written by Peter Diekmeyer, Sprott Money News
Increasing questions regarding the big financial institutions and mainstream media platforms that cover them (such as CNN, MSNBC and the New York Times) are highlighting the importance of looking elsewhere for investment ideas.
The crypto space was thrown into chaos today as the price of bitcoin and its peers plunged overnight, cementing the pioneering digital currency's worst week since December 2013, only to rebound dramatically into the close, wiping out virtually all losses. Early today, just as the rout was nearing its trough, we shared a story from the Wall Street Journal about a mystery trader who placed a $1 million bet that bitcoin will climb to $50,000 by December 28, 2018.
Authored by Ethan Gaines via A Cold War Relic blog,
I love selling cars, the industry gave me a purpose after the shitty experience of being a corporate cog. But I’m truly starting to fear the worst for the American car industry.
The industry has shown growth since the dark days of the recession but the business model morphed into an ugly free for all.
It was quite a week...
But cryptocurrencies made all the headlines this week...
We suspect a few crypto 'millionaires' are crying in their milk somewhat tonight. We hope this helps...