Cryptocurrencies

Get to know what these are and how to use them to your advantage

“Crypto Reporter” weekly issues are posted Sundays on our website in the Supporter’s Archive. CR’s identify key developments from the week, with implications for investors. We pay particular attention to major threats to cryptospace viability. Wayne Peterson’s comments are based on 30 years of investing advisory experience, utilization of various forecasting techniques, plus analysis and signals received from a number of crypto-focused subscription publications.

Our “Crypto Handbook” contains important information on how to invest, stay “safe,” select crypto coins, and store them. It describes market participants, cryptocurrency origins and future prospects. The handbook is posted in the Supporter’s Archive, accessible to annual subscribers. Currently 23 pages long, it is growing through semi-monthly addition and consolidation of new developments and other information.

Cryptocurrencies, led by Bitcoin, are grabbing headlines. There are now over 1,000 of these digital or virtual currencies, which use cryptography to secure the transactions and to control the creation of additional units of the currency. Over 260,000 merchants and exchanges around the world already accept bitcoin in payment for goods and services, including these name brand U.S. stores: Microsoft, Dell, Gap, JC Penney, Subway, and Overstock.com. Fidelity has added bitcoin and two other cryptos to its investing menu.

Several countries are looking into following Japan’s example, where bitcoin just became legal tender. Most of these coins are following Bitcoin’s profile -- private and free-market, using blockchain technology. These new forms of money and merchandise are brand new and there is substantial conjecture about their durability. Since the prices for these currencies are rising, we recommend that investors take some time now to explore the subject and make an individual decision on whether, and under what circumstances, to participate.

DON’T LET BITCOIN AND CRYPTOCURRENCIES PASS YOU BY

Learn more about Cryptocurrencies in Wayne Peterson's Free report: Don't Let Bitcoin and Cryptocurrencies Pass You By.

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