SmartCoin® Investors Double Their Money in 10 Months..

We are excited to have breached the 100% Annual Return within just 10 months of launching SmartCoin to private investors. The year to date was very volatile, particularly for Bitcoin. With huge price swings, comes opportunities to trade.  Making money on price drops is the main advantage SmartCoin has over traditional buy and hold strategies. For more information visit SmartCoin


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With a 42% Surge Bitcoin Prints the 3rd Highest Percentage of Gains in History, No Alt Season?

  • Volatility is back with a bang.
  • On Wednesday, Bitcoin saw a drop of 12% then on Friday BTC recorded the 3rd highest percentage of gains at 42% in its history.

The last two times Bitcoin saw more than 42% of the daily gain, the flagship cryptocurrency was trading at $0.40 and $0.65.

With 42% gains, BTC recorded 3rd highest percentage of gain in its history. The largest 24-hour price fluctuation was 52% in January, while the second highest one was just a month prior in December 2017 of 43%. In September 2017, it was 40%.

As seen in this tweet,

This upsurge economist and trader Alex Kruger says wasn’t driven by moving averages, trend lines, Fibonacci, or the CME expiry. Such 42% outliers are the result of news like China President Xi Jinping embracing blockchain technology.

“President Xi is the true Crypto Dad,” stated Kruger. No matter the driving force behind this rise, the market is enjoying the greens.

Twitter CEO Jack Dorsey also took to Twitter to make a ‘buy bitcoin’ call,

No Alt-season This Time?

While the leading cryptocurrency is making historical gains, altcoins, though registering gains, they aren’t of that proportion. As such, BTC dominance has climbed back above 70%, from 67% on Oct. 25.

Source: Coin360

While sharing this update, prominent analyst PlanB, who is famous for his stock to flow approach to BTC price, took to Twitter to state,

PlanB further explained his reason for no alt season hashtag,

“IMO we are at war with the fiat money printers, and in that context I believe in concentration of assets. Only if we concentrate people & resources on btc, and don’t fall for divide & conquer tactics of our enemies, we have a chance to deploy btc sound money protocol.”

Bitcoin is currently trading at $9,208, as per Coincodex while managing the daily trading volume of $2.36 billion, up from $300 million earlier this week and $500 million from early in the day yesterday, on top ten exchanges with real volume.

Bakkt also made a new record of 1183 BTC on Oct. 25, up from 331 BTC changing hands the day before and the previous all-time high of 640.


SmartCoin® Benefits hugely from the recent sell off in cryptocurrencies posting 14.8% profit

SmartCoin® posts 14.8% Gains in September as the sell off triggers our short positions.

” After 7 weeks of relative little price movement, we reversed all our bets from long to short positions and these bets turned into hard cash after the hard sell off on Monday. We closed the month with 14.8% gains, and are awaiting signals regarding the movement, we expect a small rebound from this level, followed by another sell off flooring Bitcoin under the 7000 USD mark”

 

Smartcoin® is designed to provide modest returns, this past week highlights the importance of having short positions to buffer any falls in the market. for more information visit


Bridging lending breaks new records in Q2 2019

Bridging loan books grew to a record £4.62bn at the end of the second quarter of this year, representing growth of 11.7% compared to Q1 2019 and an increase of 14.4% on the same quarter last year.

Bridging loan applications also hit a record total in the 12 months preceding the end of Q2 2019, with £22.13bn of applications representing a 9.7% increase on the same period the previous year.

This is according to figures compiled by auditors from data provided by members of the Association of Short-Term Lenders (ASTL), which confirmed that more than £1bn of bridging loans were written in the second quarter of this year, an increase of 11.8% on the previous quarter and a rise of 4.1% on the same period last year.

There were £5.69bn of bridging loan applications in Q2 2019, which is 4% lower than the first quarter of the year but 5.3% more than the same period in 2018.

Benson Hersch, CEO of the ASTL says: “The second quarter of this year has delivered some very strong results for bridging lending, with record values both for applications over a 12-month period and total outstanding loan books. In fact, nearly all measures were higher than last quarter and the same period in 2018. The wider political and economic environment remains uncertain and the challenge for the industry now is to continue this level of activity whilst maintaining high standards of underwriting and customer focus.”

The ASTL Data Survey: Q2 2019

These figures are taken from the responses from ASTL members, which include most of the key lenders in the bridging market.