There are well over 10,000 crypto currencies available for sale as July 2022. One might think this makes for a rich market place with lots of opportunity for speculative trading, investment, and wealth creation. It might be pointed out that in 1899 there were over thirty auto manufacturers in the United States. Can you name them? We basically ended up with the Big Three when all was said an done by the mid 1950s. But you can bet that there were enthusiastic investors piling into the other twenty seven prior to their collapse.
The point is, only a few of anything in any market place ever gains the necessary status that enables investor wealth creation from its existence.
Wealth creation can come to the speculator, but often than not, speculation ends in the loss of ones capital over time. Few are successful at it.
Speculators will bet on anything, anywhere, at anytime, 24 hours per day. There is always a casino open somewhere, whether it be in stocks, wine, whiskey, land, credit default swaps, mortgage backed securities, gold, silver, water rights, or craps.
The same applies to cryptocurrencies.
If you wish to gamble on cryptocurrencies, now is your chance. The casino is open. But perhaps a bit more information may prevent the eager speculator from eventually jumping off the top floor of the tallest building in Dubai when the bottom falls out of the market.
At the top of the Coin Market Cap website we find a small ticker running that lists the following data as of today, July 17th, 2022:
Cryptos: 20,248
Exchanges: 498
Market Cap: $970,045,697,639.919
24h Vol: $70,695,867,873.66
Dominance: BTC: 42.0% ETH: 17.0%
What, you mean just 2 out of 20,248 cryptos make up 59% of the market? The answer is yes, and as one moves down the food chain, one will learn that out of the top 1500 tokens out of 10,000 listed, the market cap dips below one million dollars for the tokens at the bottom of the list.
For the speculator or token trader, what is more important is the daily volume as this number implies liquidity which is rather important if one is sitting on 10,000 High Dollar coins and only 74 to 314 trade on any given day.
Lesson to the would be speculator: Stick to the big boys, the tokens with the largest market caps and trading volume. Should one choose not to heed this advice, keep in mind that one whale trader can soak up the complete trading volume on lesser known tokens with one or two trades. This is what in fact causes the highly volatile price action on many tokens. Who are your whale traders? Surprisingly, or not, this list often include the founders or creators of the token you are buying. They can sense a market top faster than you can and if they decide its time to cash out and move on to the next gig, you dear speculator will most certainly be left holding the bag.
I am extremely happy to be a Baby-Boomer as it is unlikely I will be alive the day millions of Chinese drones swarm the nation and force the subjugation of the American population.
If that thought puts the fear of God in you, it should. If it does not, you [...] Read more →
In my previous article I presented my hypothesis as to why I suspected that my UPS packages were not being delivered. Three days after writing said article (see article below), all three of my missing packages showed up on one day or on Wednesday December 28th, 2022. I was at [...] Read more →
When one thinks of the English countryside or rural France replete with rambling country house estates and fairly tale chateaus sitting alongside grand chapels and country church spires, one might imagine a realm of manners, neighborly love, and country gentlemen. However, history informs us [...] Read more →
Bird hunters will tell you that a wing shot or one single buckshot spiraling out of the barrel of a large bore shotgun can bring down a high flying bird.
CZ, the CEO of Binance is apparently under high delusion to believe that contagion from the collapse of FTX will [...] Read more →
Bankers have dreamed of a digital dollar based cashless financial system long before Bitcoin. A decent enough history on the subject is available at Amazon.com with a book entitled: The Book of Payments: Historical and Contemporary Views on the Cashless Society ISBN: 978-1-137-60231-2
With the widespread adoption of the internet, [...] Read more →
Verum usque in præsentem diem multa garriunt inter se Canonici de abscondito quodam istius Abbatis Thomæ thesauro, quem sæpe, quanquam adhuc incassum, quæsiverunt Steinfeldenses. Ipsum enim Thomam adhuc florida in ætate existentem ingentem auri massam circa monasterium defodisse perhibent; de quo multoties interrogatus ubi esset, cum risu respondere solitus erat: “Job, [...] Read more →
On the decline of the Roman power, about five centuries after Christ, the countries of Northern Europe were left almost destitute of a national government. Numerous chiefs, more or less powerful, held local sway, as far as each [...] Read more →
It has been said by a thoughtful writer that the subject of witchcraft has hardly received that place which it deserves in the history of opinions. There has been, of course, a reason for this neglect—the fact that the belief in witchcraft is no longer [...] Read more →
Money box in shape of a temple, from house 25 in Priene; 2nd century B.C.. , Photo by Marcus Cyron
Reprinted from Bitcoin.org
Be careful with online services
You should be wary of any service designed to store your money online. Many exchanges and online wallets suffered from security breaches in the [...] Read more →
There are well over 10,000 crypto currencies available for sale as July 2022. One might think this makes for a rich market place with lots of opportunity for speculative trading, investment, and wealth creation. It might be pointed out that in 1899 there were over thirty auto manufacturers in the United States. [...] Read more →
Ponzi schemes and MLM schemes are by design corrupt. They are designed to confuse and or hoodwink the investor or participant into believing he is buying into a surefire road to riches.
When a computer programmer designs and programs a computer program, or in the case of the crypto-world, a [...] Read more →
I have always enjoyed the rants of Max Keiser, he is quite entertaining. In fact, he makes his money by entertaining the masses, especially those prone to living in alternative “fiat-free” realities such as the cryptocurrency universe with the hope of subverting the power of “the Man” or the manipulative central banking [...] Read more →
The Tulip Folly, by Jean-Léon Gérôme, 1882. A nobleman guards an exceptional bloom as soldiers trample flowerbeds in a vain attempt to stabilise the tulip market by limiting the supply.
Mark Zuckerberg has become the poster boy of modern Tulip mania. It is not clear as to whether or not he is [...] Read more →
Are you dissatisfied with the Savings Account and CD Interest Rates your bank currently has on offer?
If so, go to https://www.treasurydirect.gov and open an account. The U.S. Government’s iBonds are currently earning 9.62% interest through October of this year.
Individuals may purchase $10,000 worth of iBonds per [...] Read more →
The rude awakening over the past year of increasingly high food and gas prices has been quite the shock for the American consumer. The U.S. Federal Government and Federal Reserve Bank’s sluggish reaction to growing consumer price inflation certainly have not helped. If history is to be our guide, there is more [...] Read more →
Listening to MicroStrategy CEO Saylor’s naive proclamations about Bitcoin on MSBC this morning remind me of why stupid people go broke faster.
MicroStrategy—a money losing business software developer that trades under Ticker MSTR—is currently trading for an inflated price of around $168 per share. This share price could soon collapse. [...] Read more →
FEDERAL TRADE COMMISSION16 CFR Part 23Guides for the Jewelry, PreciousMetals, and Pewter Industries
The US Government has laws guiding the business practices of the Jewelry and Precious Metals Industries. If you are unclear as a seller as to your obligations under the law as related to any [...] Read more →
Prisons as places of detention are very ancient institutions. As soon as men had learned the way to build, in stone, as in Egypt, or with bricks, as in Mesopotamia, when kings had many-towered fortresses, and the great barons castles [...] Read more →
Country House Essays, the book is now in print. This is an eclectic collection of both original, and historical essays, poems, books, and articles created for our loyal reader hear at CountryHouseEssays.com. It is jam packed with reprints of articles from this website. The cost is $49.95 for this massive [...] Read more →
Although the light of nature, and the works of creation and providence, do so far manifest the goodness, wisdom, and power of God, as to leave men inexcusable; yet are they not sufficient to give that knowledge of God, and of his will, which is necessary [...] Read more →
Harvey Wiley, Chief Chemist of the Department of Agriculture’s Division of Chemistry (third from the right) with his staff, not long after he joined the division in 1883. Wiley’s scientific expertise and political skills were a key to passage of the 1906 Food and Drugs Act and the creation of the FDA.
“Saint John’s Gate, Clerkenwell, the main gateway to the Priory of Saint John of Jerusalem,” black and white photograph by the British photographer Henry Dixon, 1880. The church was founded in the 12th century by Jordan de Briset, a Norman knight. Prior Docwra completed the gatehouse shown in this photograph in 1504. The gateway [...] Read more →
The University of Tennessee in Knoxville, Tennessee has a long heralded tradition of assisting farmers and growers through it’s Agricultural Extension Service. The following bulletin entitled Grape Growing in Tennessee discusses the Muscadine variety of grapes among others. Muscadine grapes are often found growing wild in Tennessee. On my grandfather’s West Tennessee [...] Read more →
Resolution adapted at the New Orleans Convention of the American Institute of Banking, October 9, 1919:
“Ours is an educational association organized for the benefit of the banking fraternity of the country and within our membership may be found on an equal basis both employees and employers; and in full appreciation [...] Read more →
Reprinted from FineModelShips.com with the kind permission of Dr. Michael Czytko
The SAN FELIPE is one of the most favoured ships among the ship model builders. The model is elegant, very beautifully designed, and makes a decorative piece of art to be displayed at home or in [...] Read more →
By the death of Mr. Scarth on the 5th of April, at Tangier, where he had gone for his health’s sake, the familiar form of an old and much valued Member of the Institute has passed away. Harry Mengden Scarth was bron at Staindrop in Durham, [...] Read more →
A Lecture Delivered at the Guildhall, March 2, 1853 by Rev. H.M. Scarth, M.A., Rector of Bathwick.
To understand the ancient history of the country in which we live, to know something of the arts and manners of the people who have preceded us, to ascertain what we owe to [...] Read more →
Eadweard Muybridge was a fascinating character. Click here to learn how Eadweard committed “Justifiable Homicide” after shooting his wife’s lover in 1874.
The arsenicals (compounds which contain the heavy metal element arsenic, As) have a long history of use in man – with both benevolent and malevolent intent. The name ‘arsenic’ is derived from the Greek word ‘arsenikon’ which means ‘potent'”. As early as 2000 BC, arsenic trioxide, obtained from smelting copper, was used [...] Read more →
Photo Caption: The Marquis of Zetland, KC, PC – otherwise known as Lawrence Dundas Son of: John Charles Dundas and: Margaret Matilda Talbot born: Friday 16 August 1844 died: Monday 11 March 1929 at Aske Hall Occupation: M.P. for Richmond Viceroy of Ireland Vice Lord Lieutenant of North Yorkshire Lord – in – Waiting [...] Read more →
China has more ducks than any other country in the world. For this reason the Chinese have found interesting ways of converting the fowl into many palatable dishes. The duck used is the kind that dwells in marshes. The Muscovy duck is not a native of China and is called foreign duck.
We opened the doors on the old Dodge van parked under the big oak tree the old farm house etched with memory ropes hanging down and an old plank swing She kicked her bare feet playfully in the dirt and then soared to the sky Looking out over Illinois corn fields full in growth, [...] Read more →
Awakened to mild rumbles of thunder and pounding rain washed down by a steady drizzle and more downpour coating asphalt with mirrored reflections of oily alluvial runoff easing back into a soothing pattern of velvety rain drops drizzling down the foliage encased wrought iron balcony rails
I swapped a parakeet for a red-headed Macaw That drank my rum and called me paw I’d rock in my chair, she’d swing on her perch When the preacher came around she’d pretend it was church
On Saturday mornings when we drove into town She’d ride on the back of my blue-tick hound Howling [...] Read more →
On the evening of November 15th, the little village of Mahim was the scene of a murder, perhaps the most determined which has ever stained the annals of Bombay. Three men were massacred in cold blood, in a house used [...] Read more →
Eadweard Muybridge was a fascinating character. Click here to learn how Eadweard committed “Justifiable Homicide” after shooting his wife’s lover in 1874.
It has been said by a thoughtful writer that the subject of witchcraft has hardly received that place which it deserves in the history of opinions. There has been, of course, a reason for this neglect—the fact that the belief in witchcraft is no longer [...] Read more →
Bankers have dreamed of a digital dollar based cashless financial system long before Bitcoin. A decent enough history on the subject is available at Amazon.com with a book entitled: The Book of Payments: Historical and Contemporary Views on the Cashless Society ISBN: 978-1-137-60231-2
With the widespread adoption of the internet, [...] Read more →
Four Seasons fill the measure of the year; There are four seasons in the mind of man: He has his lusty spring, when fancy clear Takes in all beauty with an easy span; He has his Summer, when luxuriously Spring’s honied cud of youthful thoughts he loves To ruminate, and by such dreaming high [...] Read more →
When one thinks of the English countryside or rural France replete with rambling country house estates and fairly tale chateaus sitting alongside grand chapels and country church spires, one might imagine a realm of manners, neighborly love, and country gentlemen. However, history informs us [...] Read more →
There are well over 10,000 crypto currencies available for sale as July 2022. One might think this makes for a rich market place with lots of opportunity for speculative trading, investment, and wealth creation. It might be pointed out that in 1899 there were over thirty auto manufacturers in the United States. [...] Read more →
Although the light of nature, and the works of creation and providence, do so far manifest the goodness, wisdom, and power of God, as to leave men inexcusable; yet are they not sufficient to give that knowledge of God, and of his will, which is necessary [...] Read more →
Effective 01 August, 2013, the U. S. Coast Guard terminated its radio guard of the international voice distress, safety and calling frequency 2182 kHz and the international digital selective calling (DSC) distress and safety frequency 2187.5 kHz. Additionally, marine information and weather broadcasts transmitted [...] Read more →
Mudlarks of Victorian London in the River Thames, from “The Headington Magazine” 1871
Mudlarking along the Thames River foreshore is controlled by the Port of London Authority.
According to the Port of London website, two type of permits are issued for those wishing to conduct metal detecting, digging, or searching [...] Read more →
Click here to access the world’s most powerful Import/Export Research Database on the Planet. With this search engine one is able to access U.S. Customs and other government data showing suppliers for any type of company in the United States.
DISTILLING TURPENTINE One of the Most Important Industries of the State of Georgia Injuring the Magnificent Trees Spirits, Resin, Tar, Pitch, and Crude Turpentine all from the Long Leaved Pine – “Naval Stores” So Called.
Dublin, Ga., May 8. – One of the most important industries [...] Read more →
If ever it could be said that there is such a thing as miracle healing soil, Ivan Sanderson said it best in his 1965 book entitled Ivan Sanderson’s Book of Great Jungles.
Sanderson grew up with a natural inclination towards adventure and learning. He hailed from Scotland [...] Read more →
The Tulip Folly, by Jean-Léon Gérôme, 1882. A nobleman guards an exceptional bloom as soldiers trample flowerbeds in a vain attempt to stabilise the tulip market by limiting the supply.
Mark Zuckerberg has become the poster boy of modern Tulip mania. It is not clear as to whether or not he is [...] Read more →
Modern slow cookers come in all sizes and colors with various bells and whistles, including timers and shut off mechanisms. They also come with a serious design flaw, that being the lack of a proper domed lid.
The first photo below depicts a popular model Crock-Pot® sold far and wide [...] Read more →
The following highly collectible Franklin Library Signed Editions were published between 1977 and 1982. They are all fully leather bound with beautiful covers and contain gorgeous and rich silk moire endpapers. Signatures are protected by unattached tissue inserts.
The values listed are average prices that were sought by [...] Read more →
Aw, the good old days, meet in the coffee shop with a few friends, click open the Zippo, inhale a glorious nosegay of lighter fluid, fresh roasted coffee and a Chesterfield cigarette….
A Meta-analysis of Coffee Drinking, Cigarette Smoking, and the Risk of Parkinson’s Disease
There exists at present a good deal of misconception with regard to the practices of the Haṭha Yoga. People easily believe in the stories told by those who themselves [...] Read more →
Como dome facade – Pliny the Elder – Photo by Wolfgang Sauber
Work in Progress…
THE VARNISHES.
Every substance may be considered as a varnish, which, when applied to the surface of a solid body, gives it a permanent lustre. Drying oil, thickened by exposure to the sun’s heat or [...] Read more →
Salmon caviar was originated about 1910 by a fisherman in the Maritime Provinces of Siberia, and the preparation is a modification of the sturgeon caviar method (Cobb 1919). Salomon caviar has found a good market in the U.S.S.R. and other European countries where it [...] Read more →
Noel Desenfans and Sir Francis Bourgeois, circa 1805 by Paul Sandby, watercolour on paper
The Dulwich Picture Gallery was England’s first purpose-built art gallery and considered by some to be England’s first national gallery. Founded by the bequest of Sir Peter Francis Bourgois, dandy, the gallery was built to display his vast [...] Read more →
Stoke park was the first English country house to display a Palladian plan: a central house with balancing pavilions linked by colonnades or screen walls. Palladio was the 16th-century Italian architect on whose work the design was based. The Paladian style became [...] Read more →
Slice 5 pounds lean beef (flank steak or similar cut) into strips 1/8 to 1/4 inch thick, 1 to 2 inches wide, and 4 to 12 inches long. Cut with grain of meat; remove the fat. Lay out in a single layer on a smooth clean surface [...] Read more →
The Interrogation of Joan of Arc by Cardinal Winchester
Pussy Willow wielded a real broad sword Honed with diamonds and emery board They say she cut her own umbilical chord The day she strapped it on to serve her Lord
The following recipes are from a small booklet entitled 500 Delicious Salads that was published for the Culinary Arts Institute in 1940 by Consolidated Book Publishers, Inc. 153 N. Michigan Ave., Chicago, Ill.
If you have been looking for a way to lighten up your salads and be free of [...] Read more →
Resolution adapted at the New Orleans Convention of the American Institute of Banking, October 9, 1919:
“Ours is an educational association organized for the benefit of the banking fraternity of the country and within our membership may be found on an equal basis both employees and employers; and in full appreciation [...] Read more →
Photo Caption: The Marquis of Zetland, KC, PC – otherwise known as Lawrence Dundas Son of: John Charles Dundas and: Margaret Matilda Talbot born: Friday 16 August 1844 died: Monday 11 March 1929 at Aske Hall Occupation: M.P. for Richmond Viceroy of Ireland Vice Lord Lieutenant of North Yorkshire Lord – in – Waiting [...] Read more →
