Business

Content originally published at iBankCoin.com

Most people aren't familiar with the cryptocurrency market. They merely see the price of Bitcoins trending higher and say 'hey, that's really cool. I should buy some for my clients.'

Let me explain to you why you're a fucking moron for doing so.

The price of Bitcoins and Ethereum are totally dependent upon the ICO market. Oh, you aren't in the least familiar with this wild west "Initial Coin Offering" market?

Let me explain.

Bonds go nowehere, Dollar goes nowhere, Gold goes nowhere... news is dead... But stocks limp higher on near-record low volumes as volatility is curb-stomped asymptotically to zero...

By now everyone is probably familiar with one of the scariest financial charts created recently by Bank of America: it shows that not only have central banks injected a record $15.1 trillion in liquidity since the crisis, but in 2017 alone - a time when the global economy is supposedly improving - they added a record $1.5 trillion, or as BofA's Michael Hartnett calculated, $3.1 trillion annualized.

Boris Becker was a legend on the tennis court, unfortunatly when it comes to investing, he appears to have shared an advisor with Johnny Depp.

According to claims in the German media, Boris Becker may have lost his roughly €100 million fortune in part because of questionable investments in the Nigerian oil industry. Ever since the 49-year-old former tennis star was declared bankrupt in a London court last month, there has been rampant speculation over how he managed to squander a personal fortune estimated at roughly €100 million.

    Complacent: Contented to a fault; self-satisfied - The American Heritage Dictionary

Three weeks after the volatility-obsessed Deutsche Bank derivatives expert Aleksandar Kocic went so far as to not only qualify what he said was pervasive market complacency, but to also quantify it, and observe the exact moment when the market stopped caring and reacting to macro developments, some time in 2012...

... Canaccord Genuity's Brian Reynolds is out with a new report that takes conventional wisdom about prevailing market sentiment and flips it on its head.