Hacked: Hacking Finance

Hacked: Hacking Finance

Learn how to hack finance and become financially independent

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Analysis

Daily Analysis: Bitcoin Nears $2500 as Markets Await OPEC Meeting

Posted on May 24th, 2017.

Wednesday Market Recap Asset Current Value Daily Change S&P 500 2399 0.28% DAX 12643 0.02% WTI Crude Oil 51.59 0.78% GOLD 1252.00 -0.74% Bitcoin 2420 7.20% EUR/USD 1.1189 -0.15% Global stock markets are still remarkably stable, as volatility continues to be low, and the US indices are still somewhat stronger than their global peers....

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Financial Freedom

Double your trading account

Posted on May 24th, 2017.

A recurrent theme in the queries put before me is how best to become wealthy by trading.  We all want that of course.  But if it was easy, every trader here would be wealthy already.  The question I am asked is: “Can it be done if one starts small?”  IMHO it can be done and the best way is to just focus on doubling.  Doubling...

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Cryptocurrencies

Bad at Math

Posted on May 24th, 2017.

There’s a famous quote… “The lottery is a tax for people who are bad at math.” It seems the Trump administration is a tax for a country that stopped caring about government.

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Analysis

Analysis: Dash, Ethereum, Iconico, Litecoin, Augur, Bitcoin, Monero, Stellar Lumens, Ripple, Zcash

Posted on May 24th, 2017.

  DASH Dash has had a great couple days, but is no within sight of a 3rd arc pair at ~$150.  Likely will correct soon. Ethereum Classic ETC has also had a great few days.  A 5th arc pair is nearby at ~ $14.  It may be late to chase this one also. Ethereum ETH, like the preceding coins, has had a great few days, but is now within...

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Bitcoin

BREAKING: Bitcoin Miners Reach Scaling Agreement for SegWit Upgrade + 2MB Blocksize Increase

Posted on May 23rd, 2017.

A total of 56 companies that represent 83.28% of bitcoin’s hashing power have reached a consensus to deploy the Segwit2Mb protocol upgrade for bitcoin. An announcement by the Digital Currency Group today reads: “We agree to immediately support the following parallel upgrades to the bitcoin protocol, which will be deployed simultaneously...

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Recommendations

Investment Recommendations May 23rd

Posted on May 23rd, 2017.

NASDAQ 100: Short-Term Sell (Update) NASDAQ 100 Futures, 4-Hour Chart Analysis The NASDAQ has been trading in close vicinity to the 5675 level since our recommendations, as it held up to its gains well despite the previous deep correction. The tech index still lost its relative strength compared to the S&P 500, and it failed to hit a...

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Analysis

Daily Analysis: Markets Stunned by Manchester Attack, as Dash Jumps and Bitcoin Tops $2200

Posted on May 23rd, 2017.

Tuesday Market Recap Asset Current Value Daily Change S&P 500 2394 0.08% DAX 12641 0.18% WTI Crude Oil 51.09 -0.13% GOLD 1260.00 0.12% Bitcoin 2265 5.10% EUR/USD 1.1218 -0.17%   The tragic terror attack by ISIS in Manchester dominated trading so far today, as global stocks were mixed in the cautious environment. Asian markets were...

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Cryptocurrencies

So Much Trouble in the Markets

Posted on May 23rd, 2017.

No words can describe the sadness. When a man decides to take his own life in order to kill children at a pop concert, the entire world mourns. Our hearts go out to the victims and their families.

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Investments

Mid-Cap ETFs: Growth And Stability At A Better Value

Posted on May 23rd, 2017.

Mid-cap stocks – those with market capitalization between $2 billion to $10 billion – are less known than large and small cap stocks, but they can provide profitable investments, according to investment experts. Quality, stability and value are typically associated with large cap stocks. Growth is usually associated with small-cap...

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Analysis

Monster rally in Dash and Zcash

Posted on May 22nd, 2017.

As you may have guessed, I receive emails every day from traders of all different stripes and persuasions.  I answer when I can, but often just short replies as time is a valuable commodity.  But there is a recurrent question that comes up, and the question is usually raised by traders I can sense are inexperienced.  They ask me when...

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Bitcoin

How to Invest in a Decentralized Economy?

Posted on May 22nd, 2017.

Australian-born Michael Dunworth, CEO of Silicon Valley-based blockchain Wyre, has said that financial advisors should invest in Bitcoin to understand the currency better in the decentralized economy. In a report from the Financial Standard, Dunworth said: “You don’t have to break the bank. You could invest $10, $100 or...

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Recommendations

Investment Recommendations May 22nd

Posted on May 22nd, 2017.

GOLD: Long-Term Buy (Update) Gold Futures, 4-Hour Chart Analysis Gold is trading in a short-term consolidation pattern after hitting the $1260 last week. The precious metal held up well amid the rebound in risk assets, as the political fears regarding Trump’s position continue to fuel demand for safe-have assets. The metal faces multiple...

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Analysis

Daily Analysis: Ethereum and Bitcoin Skyrocket while Stocks Remain Stable

Posted on May 22nd, 2017.

Monday Market Recap Asset Current Value Daily Change S&P 500 2381 0.05% DAX 12588 -0.40% WTI Crude Oil 51.08 0.73% GOLD 1256.00 0.19% Bitcoin 2187 4.21% EUR/USD 1.1232 0.24% European stocks continue to underperform their global peers so far today, as the recent strength of the Euro weighs on local equities. Angela Merkel told the...

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Cryptocurrencies

The Weak & the Strong

Posted on May 22nd, 2017.

The old saying in the market “buy the rumor, sell the news” only sometimes applies to cryptocurrencies.

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Analysis

Analysis: Ripple, Dash, Stellar Lumens, Bytecoin & Gnosis

Posted on May 22nd, 2017.

Ripple Ripple gave a false break (highlighted) when it closed above the arc.  It was a buy signal which I tweeted, but then price fell back to the arc again.  It happens.  There is a 1×1 from the swing low which should support price at .32 (assuming the bull market is still intact).  Below there is a good place for a stop, IMHO....

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Bitcoin

Market Overview: 5 Things to Watch Next Week

Posted on May 21st, 2017.

Asset Current Value Weekly Change S&P 500 2380 -0.45% DAX 12638 -1.22% WTI Crude Oil 50.48 4.77% GOLD 1255.00 2.11% Bitcoin 1985 13.43% EUR/USD 1.1205 2.74%   1. All eyes on the VIX as volatility is creeping back The low volatility period that lasted for several weeks, ended abruptly on Wednesday, as we anticipated as the internal...

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ICO

ICO Analysis: Much Ado About OneGram

Posted on May 21st, 2017.

Hacked received a tip about an upcoming ICO called OneGram. We began our investigation and immediately noticed more than one red flag. Some digging revealed more concern. This report is not meant to be a condemnation of OneGram, and certainly not a warning against alternative money systems that comply with religious convictions around...

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Analysis

Weekly Altcoin & Bitcoin Analysis: Time to Short Bitcoin?

Posted on May 21st, 2017.

It was an exciting week for crypto traders. It seems like there are an ever-increasing number of traders joining the party doesn’t it?  Given that just a year ago there was just a handful of traders compared to now, and we still have not even scratched the surface of the number of traders out there still trading Forex exclusively, the...

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Analysis

Weekly Analysis: Bitcoin Takes on $2000 as Stocks Hit by Trump-Scandal

Posted on May 20th, 2017.

Weekly Recap Asset Current Value Weekly Change S&P 500 2380 -0.45% DAX 12638 -1.22% WTI Crude Oil 50.48 4.77% GOLD 1255.00 2.11% Bitcoin 1985 13.43% EUR/USD 1.1205 2.74%   Global stocks had their most volatile days since the US election in November, as the recent scandal of the new US president sparked a strong sell-off on Wednesday....

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Blog

People don’t Learn Finance; They Learn How to be a Slave

Posted on May 20th, 2017.

I find it mind-boggling that I did not learn a single thing about finances, personal economy and the current economic system in school. As far as I can remember – I’m 26 – we did not talk about personal economy during High School. The one aspect that has the largest effect on anyone’s lives. Even in college where...