Forwarded from Altucher's Crypto Trader VIP
2019-10-25-What Is Going On With Bitcoin.pdf
4 MB
Forwarded from Altucher's Crypto Trader VIP
2019_11_22_Special_Update_Breaking.pdf
3.9 MB
Forwarded from Altucher's Crypto Trader VIP
2019-12-19-2019 Review A Year in Crypto (Part 2).pdf
2 MB
Forwarded from Altucher's Crypto Trader VIP
Final Update: Our Last Crypto Trader Alert
Last Friday, my publisher Doug Hill sent an email informing all subscribers that we’ve decided to end Altucher’s Crypto Trader.
That news might have surprised you. Especially because I’ve said in several updates recently that I still believe in the long-term potential of crypto.
Indeed, 2020 should be a massive year for bitcoin. But right now, we haven’t been able to draw a large enough audience to keep this service running.
But I don’t want to leave you hanging either. Let’s get to your final Crypto Trader update, where I address some of the biggest questions I’m seeing in the reader mailbag.
FAQ: What’s Next… and Why Now?
Why are you cancelling this service?
Bitcoin is floating around $9,000 now.
Our main predictions since mid-2017 have held true:
Bitcoin would continue to go up. It was trading at $3,500 when we started this project and as I write this, it’s hovering around $8,600. A better performing asset than every other asset class.
I said that 95% of cryptocurrencies were scams and would go to zero. So far, 80% of the alt-coins from September 2017 have gone to zero. The cryptos in our portfolio are the exception ― they’re still part of the bitcoin ecosystem.
The reason for cancelling is two-fold.
First, the story outlined above has not changed at all since we started. But lots of other things have changed:
More companies than ever are implementing bitcoin and blockchain solutions...
Central banks around the world are looking into bitcoin...
More money than ever is now invested in bitcoin...
Regulations are starting to favor bitcoin...
Exchanges, derivatives, funds, and other financial tools are making it easier than ever for the average consumer to invest in bitcoin...
More companies than ever are accepting bitcoin.
This is all positive ― but it’s also pretty boring. When the story doesn’t change, there’s nothing else to say.
Second, I'm not sure how many more alt-currencies I can recommend. We've recommended the main ones that are crucial to the bitcoin ecosystem. And as bitcoin goes up, the rest should follow.
The real story is not what new alt-coin can quadruple. Instead, it’s waiting as bitcoin unfolds into a full or partial default currency for the world. As that happens, the altcoins will follow.
Will we ever get updates on bitcoin?
Yes. Bitcoin and crypto in general is something we track in the pages of Altucher’s Investment Network. When there is significant news about crypto, I will provide an update there.
What should we do with our open positions?
I recommend holding onto bitcoin and ethereum. I explained why in the last few updates.
Whatever percent chance you think bitcoin will be the big winner in crypto is the percentage of your portfolio you should have in bitcoin. Even a small amount invested in bitcoin will be a huge, huge winner.
With that said, I’m a believer in the rest of the portfolio, too. So you have some flexibility. You can hold onto them or put it all in bitcoin.
Again, as bitcoin goes up, the rest should follow. So neither choice is bad.
A Few Final Words
I started Altucher’s Crypto Trader because I had a unique take on why bitcoin is going to go up ― the idea that every industry eventually evolves from theism to humanism to data.
Medicine is a great example:
📌 Theism: "Please, God or Allah, heal me."
📌 Humanism: “Doctor, please heal me.” “OK, take two aspirin."
📌 Dataism: “Data, please heal me.” “OK, after DNA tests and blood tests, you should take XYZ medicine and have this surgery."
As a reminder, here’s the currency evolution I’m seeing:
Barter ➡️ Metals ➡️ Paper currency backed by metals ➡️
Fiat currency ➡️ Digital currency
Digital currency, as outlined in prior updates, solves many of the problems of paper currencies and will continue to do so.
The other coins are there to solve problems or provide enhancements in bitcoin, as needed.
It's inevitable that some digital currency will replace fiat currency and with $200 billion invested in bitcoin, it's the most probable candidate by far.
Last Friday, my publisher Doug Hill sent an email informing all subscribers that we’ve decided to end Altucher’s Crypto Trader.
That news might have surprised you. Especially because I’ve said in several updates recently that I still believe in the long-term potential of crypto.
Indeed, 2020 should be a massive year for bitcoin. But right now, we haven’t been able to draw a large enough audience to keep this service running.
But I don’t want to leave you hanging either. Let’s get to your final Crypto Trader update, where I address some of the biggest questions I’m seeing in the reader mailbag.
FAQ: What’s Next… and Why Now?
Why are you cancelling this service?
Bitcoin is floating around $9,000 now.
Our main predictions since mid-2017 have held true:
Bitcoin would continue to go up. It was trading at $3,500 when we started this project and as I write this, it’s hovering around $8,600. A better performing asset than every other asset class.
I said that 95% of cryptocurrencies were scams and would go to zero. So far, 80% of the alt-coins from September 2017 have gone to zero. The cryptos in our portfolio are the exception ― they’re still part of the bitcoin ecosystem.
The reason for cancelling is two-fold.
First, the story outlined above has not changed at all since we started. But lots of other things have changed:
More companies than ever are implementing bitcoin and blockchain solutions...
Central banks around the world are looking into bitcoin...
More money than ever is now invested in bitcoin...
Regulations are starting to favor bitcoin...
Exchanges, derivatives, funds, and other financial tools are making it easier than ever for the average consumer to invest in bitcoin...
More companies than ever are accepting bitcoin.
This is all positive ― but it’s also pretty boring. When the story doesn’t change, there’s nothing else to say.
Second, I'm not sure how many more alt-currencies I can recommend. We've recommended the main ones that are crucial to the bitcoin ecosystem. And as bitcoin goes up, the rest should follow.
The real story is not what new alt-coin can quadruple. Instead, it’s waiting as bitcoin unfolds into a full or partial default currency for the world. As that happens, the altcoins will follow.
Will we ever get updates on bitcoin?
Yes. Bitcoin and crypto in general is something we track in the pages of Altucher’s Investment Network. When there is significant news about crypto, I will provide an update there.
What should we do with our open positions?
I recommend holding onto bitcoin and ethereum. I explained why in the last few updates.
Whatever percent chance you think bitcoin will be the big winner in crypto is the percentage of your portfolio you should have in bitcoin. Even a small amount invested in bitcoin will be a huge, huge winner.
With that said, I’m a believer in the rest of the portfolio, too. So you have some flexibility. You can hold onto them or put it all in bitcoin.
Again, as bitcoin goes up, the rest should follow. So neither choice is bad.
A Few Final Words
I started Altucher’s Crypto Trader because I had a unique take on why bitcoin is going to go up ― the idea that every industry eventually evolves from theism to humanism to data.
Medicine is a great example:
📌 Theism: "Please, God or Allah, heal me."
📌 Humanism: “Doctor, please heal me.” “OK, take two aspirin."
📌 Dataism: “Data, please heal me.” “OK, after DNA tests and blood tests, you should take XYZ medicine and have this surgery."
As a reminder, here’s the currency evolution I’m seeing:
Barter ➡️ Metals ➡️ Paper currency backed by metals ➡️
Fiat currency ➡️ Digital currency
Digital currency, as outlined in prior updates, solves many of the problems of paper currencies and will continue to do so.
The other coins are there to solve problems or provide enhancements in bitcoin, as needed.
It's inevitable that some digital currency will replace fiat currency and with $200 billion invested in bitcoin, it's the most probable candidate by far.
Forwarded from Altucher's Crypto Trader VIP
Every week now, I look at the crypto markets and there's really nothing new to report.
But again, I promise to provide updates as needed in Alliance updates and the Altucher’s Investment Network newsletter.
The crypto journey will continue to be a great journey. I have held onto my crypto holdings since day one of this adventure and will continue to do so.
Just keep in mind that the Crypto Trader tab on our website will be going down shortly. So please download anything you wish to save as soon as possible.
Sincerely,
James Altucher
Co-editor, Altucher's Crypto Trader
#Updates
But again, I promise to provide updates as needed in Alliance updates and the Altucher’s Investment Network newsletter.
The crypto journey will continue to be a great journey. I have held onto my crypto holdings since day one of this adventure and will continue to do so.
Just keep in mind that the Crypto Trader tab on our website will be going down shortly. So please download anything you wish to save as soon as possible.
Sincerely,
James Altucher
Co-editor, Altucher's Crypto Trader
#Updates
The publisher of the "Altucher's Crypto Trader" decided to end it.
In our VIP channel we will continue to publish updates from the Altucher's investment network.
In our VIP channel we will continue to publish updates from the Altucher's investment network.
Crypto Trader Leaks pinned «The publisher of the "Altucher's Crypto Trader" decided to end it. In our VIP channel we will continue to publish updates from the Altucher's investment network.»
Forwarded from Altucher's Crypto Trader VIP
ALN0220.pdf
1.1 MB
Your February Issue is Online!
The latest issue of Altucher’s Investment Network is now online.
Here’s what you’ll find inside:
📌 Navigating the Economy During a Deadly Outbreak: There are far-reaching effects of the coronavirus… specifically for the economy.
📌 The World Only Ends Once ― Continue to Invest!: Investing in a Chinese company when the country is in virtual lockdown due to the coronavirus may seem crazy. But you’ll soon understand why I believe growth-oriented investors should be paying attention.
📌 10 Ways to Profit from the Budding Marijuana Industry: Here are some of the alternative ways companies are cashing in on the marijuana industry.
📌 And more!
#Issues #ALN
The latest issue of Altucher’s Investment Network is now online.
Here’s what you’ll find inside:
📌 Navigating the Economy During a Deadly Outbreak: There are far-reaching effects of the coronavirus… specifically for the economy.
📌 The World Only Ends Once ― Continue to Invest!: Investing in a Chinese company when the country is in virtual lockdown due to the coronavirus may seem crazy. But you’ll soon understand why I believe growth-oriented investors should be paying attention.
📌 10 Ways to Profit from the Budding Marijuana Industry: Here are some of the alternative ways companies are cashing in on the marijuana industry.
📌 And more!
#Issues #ALN
Forwarded from Altucher's Crypto Trader VIP
Conversational AI Comes of Age
In 1950, computer scientist Alan Turing proposed a test to evaluate the sophistication of artificial intelligence (AI).
In his paper, “Computing Machinery and Intelligence,” Turing suggested testing a computer’s ability to think by proposing a test, called the Turing Test. If a computer could effectively hold a conversation indistinguishable from one you might have with a human... it would pass the test.
Since then, the Turing Test has remained a benchmark for AI developers around the world.
In recent years, many of us have had the chance to try the Turing Test ourselves with smart devices like Amazon Echo or Google Assistant.
However, when you start to ask more challenging or strange questions like “Alexa, how many siblings do you have” or “Hey Google, what’s your birthday?” these devices predictably will admit that they don’t understand or don’t have an answer.
Soon, this could be set to change.
Earlier this summer, AI development firm OpenAI released a software package called GPT-3, which is capable of engaging in increasingly dynamic conversations.
When asked questions like, “Why don't animals have three legs?” GPT-3 is capable of producing logical responses like, “Animals don't have three legs because they would fall over.”
It can even handle more complex questions, which require knowledge about the world like, “Which is heavier, a mouse or a toaster?“
If you’re an iPhone user and ask Siri these same questions, the AI will pull up internet search results… but it can’t provide an answer itself.
That said, GPT-3 still has its limits. Unlike Alexa or Google Assistant, the program doesn’t seem willing to admit when it doesn’t know the answer. The program also displays its limits when posed with trick questions.
For example, a blogger recently posted his experience using GPT-3. The user asked GPT-3 the question, “Who was the president of the United States in 1600?”... and received the response. “Queen Elizabeth I.”
Although the answer is close, it’s still not quite there — demonstrating the very real challenges faced by scientists hoping to solve the Turing Test.
However, the advances of GPT-3 also show the incremental progress in conversational AI.
Beyond the party tricks currently offered by the Amazon Echo and others, conversational AI could ultimately become a multibillion-dollar industry, where AI is used to replace all sorts of human interactions. With advances like GPT-3, that future might be closer than we think.
Sincerely,
James Altucher
Editor, Altucher's Investment Network
#Updates #ALN
In 1950, computer scientist Alan Turing proposed a test to evaluate the sophistication of artificial intelligence (AI).
In his paper, “Computing Machinery and Intelligence,” Turing suggested testing a computer’s ability to think by proposing a test, called the Turing Test. If a computer could effectively hold a conversation indistinguishable from one you might have with a human... it would pass the test.
Since then, the Turing Test has remained a benchmark for AI developers around the world.
In recent years, many of us have had the chance to try the Turing Test ourselves with smart devices like Amazon Echo or Google Assistant.
However, when you start to ask more challenging or strange questions like “Alexa, how many siblings do you have” or “Hey Google, what’s your birthday?” these devices predictably will admit that they don’t understand or don’t have an answer.
Soon, this could be set to change.
Earlier this summer, AI development firm OpenAI released a software package called GPT-3, which is capable of engaging in increasingly dynamic conversations.
When asked questions like, “Why don't animals have three legs?” GPT-3 is capable of producing logical responses like, “Animals don't have three legs because they would fall over.”
It can even handle more complex questions, which require knowledge about the world like, “Which is heavier, a mouse or a toaster?“
If you’re an iPhone user and ask Siri these same questions, the AI will pull up internet search results… but it can’t provide an answer itself.
That said, GPT-3 still has its limits. Unlike Alexa or Google Assistant, the program doesn’t seem willing to admit when it doesn’t know the answer. The program also displays its limits when posed with trick questions.
For example, a blogger recently posted his experience using GPT-3. The user asked GPT-3 the question, “Who was the president of the United States in 1600?”... and received the response. “Queen Elizabeth I.”
Although the answer is close, it’s still not quite there — demonstrating the very real challenges faced by scientists hoping to solve the Turing Test.
However, the advances of GPT-3 also show the incremental progress in conversational AI.
Beyond the party tricks currently offered by the Amazon Echo and others, conversational AI could ultimately become a multibillion-dollar industry, where AI is used to replace all sorts of human interactions. With advances like GPT-3, that future might be closer than we think.
Sincerely,
James Altucher
Editor, Altucher's Investment Network
#Updates #ALN
Forwarded from Altucher's Crypto Trader VIP
ALN0820.pdf
1 MB
Your August Issue is Online!
I’m happy to announce that the next monthly issue is now ready. I wonder if Jerry Seinfeld will want a signed copy! Here’s what my team had for you this month:
📌 Buried Treasure in Mountain Pass: How One Company Could Soon Access a Massive Rare Earth Deposit in California – Unfortunately for the United States, the “rare earth metals” market is dominated by China. Fortunately, it may not remain that way...
📌 The Secret to Identifying the Next Uber – Plus, one of my favorite crypto mining plays right now...
📌 Market Movements: Feverish Buying Rarely Ends Peacefully – We’ve reached a level in the stock market where the buying is unsustainable...
#Issues #ALN
I’m happy to announce that the next monthly issue is now ready. I wonder if Jerry Seinfeld will want a signed copy! Here’s what my team had for you this month:
📌 Buried Treasure in Mountain Pass: How One Company Could Soon Access a Massive Rare Earth Deposit in California – Unfortunately for the United States, the “rare earth metals” market is dominated by China. Fortunately, it may not remain that way...
📌 The Secret to Identifying the Next Uber – Plus, one of my favorite crypto mining plays right now...
📌 Market Movements: Feverish Buying Rarely Ends Peacefully – We’ve reached a level in the stock market where the buying is unsustainable...
#Issues #ALN
Forwarded from Altucher's Crypto Trader VIP
ALN0920.pdf
3 MB
Your September Issue is Online!
Here’s what our team had for you in September:
The 3 Industries Set to Explode in the New Post-COVID Era
📌 There’s Always a Bull Market Somewhere
📌 Cyber Threats Are at an All-Time High... And They’re Creating a Huge Opportunity
📌 Market Movements: What a Contested Election Could Mean for the Markets
#Issues #ALN
Here’s what our team had for you in September:
The 3 Industries Set to Explode in the New Post-COVID Era
📌 There’s Always a Bull Market Somewhere
📌 Cyber Threats Are at an All-Time High... And They’re Creating a Huge Opportunity
📌 Market Movements: What a Contested Election Could Mean for the Markets
#Issues #ALN
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 30 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 17 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.