Is it… is it all just memes?
Regal Cinemas is following in the footsteps of rival AMC – and will be accepting cryptocurrency as valid payments.
It seems fitting that the film industry – the Empire of Dreams – is where the crypto fantasies are suddenly becoming reality.
Regal will be accepting bitcoin, ether, litecoin… and even dogecoin.
Yet even as this news was breaking, Coinbase (COIN), the cryptocurrency marketplace of choice for many first-time investors, was reportedly down for some time yesterday.
In a 24/7 economy, this is almost unforgiveable. And we’ll have to see how the stock responds this morning…
After a recent dip, cryptocurrency seems to be recovering, with bitcoin and ether leading the way. It’s important to note that ether is outpacing bitcoin…
And “The Flippening,” the day when ether is more valuable that bitcoin, suddenly doesn’t seem so far off.
But the devil is in the details. One the one hand, you hear announcements about cryptocurrency being used as a means of exchange and it sounds like the beginning of a new era.
On the other, you see frustrating failures that destabilize the entire sector.
It’s hard not to think that this applies to our entire situation right now – conquering the stars with private space companies even as we struggle through a pandemic that our ancestors would have recognized.
Take the long view. Chris Hood has a column below that will show you how.
And just remember that whatever the flashy headlines, there really is nothing truly new under the sun.
Even the most novel technology is just a new tool for realizing a primal desire.
Whenever you see the red lines rising and the increasingly frantic headlines…
Take a step away from the computer. Take a deep breath.
And remember that we have your back and will do our best to help you achieve your Empire of Dreams.
Your life doesn’t have to be a fantasy, an imaginary movie playing in your head.
It’s something we want you to live in the here and now.
That’s why we’re in this business… and why we’re facing the market as a team.
Keep moving,
The Christmas Rally… it’s something all investors know about…or at least think they do.
This is one you don’t want to miss.
WORD ON THE STREET
So Much For Clean Energy – Joe Biden, America’s Oilman
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Truckers To Face Vaccine Mandate – The Biden Administration has announced that all truckers who cross the United States border must be fully vaccinated by January 22. There are some rumblings of resistance and while most drivers will go along with the mandate, even a small disruption could have a big impact. The United States is still facing critical shortages of key materials because of supply chain snags, and the picture just got a lot murkier.
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POTUS Releases Emergency Oil Reserves – Clean energy is all well and good, but gas prices are out of control. President Joe Biden is responding – the Department of Energy will be releasing 50 million barrels of oil from the Strategic Petroleum Reserve. Yet because of the way the oil will be released (including via swaps that need to be returned in the next few years), the price of oil actually increased. Dr. Kent Moors broke down the strange situation in the oil industry in a recent Classified Intelligence Brief – it’s a good guide to what may happen next.
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“Cancel Culture” Canceled At Netflix – An employee who created a media firestorm about controversial comedian David Chapelle has resigned. Perhaps more importantly to shareholders, a formal complaint filed against Netflix (NFLX) has been dropped. Having resolved the differences with their employees, NFLX can now can refocus on programming rather than public relations.
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Coinbase Collapse – In the fast paced world of cryptocurrency trading, this is the kind of thing you just can’t let happen. Coinbase suffered a server issue and was down for some time yesterday. Infuriated traders took to Twitter to complain about it, and Coinbase was briefly trending… not in a good way. Not all publicity is good publicity.
Simplicity and Consistency in Options – Click Below To See How It’s Done
HOT SPOTS: What’s Going on in Geopolitics
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If You Got It, DON’T Flaunt It – The Chinese government’s campaign to control popular culture continues. The Cyberspace Administration of China warned celebrities that they can’t “show off wealth” or “extravagant pleasure” on social media. The People’s Republic is struggling to bring the country’s burgeoning entertainment industry to heel as it readies for possible international confrontations.
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Russia Charges USA Tested Nuking Them – Russian Defense Minister Sergei Shoigu accused the United States of testing a possible nuclear attack against his country. He reportedly said 10 American strategic bombers “rehearsed launching nuclear weapons against Russia from the western and eastern directions.” The Pentagon says the tests were normal and announced in advance. At least Joe Biden didn’t do what Ronald Reagan did and say, “We begin bombing in five minutes.”
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IMF Not Happy About Bitcoin City – See, I might think a volcano powered bitcoin city is cool, but the International Monetary Fund wants to spoil all the fun. “Given bitcoin’s high price volatility, its use as a legal tender entails significant risks to consumer protection, financial integrity, and financial stability,” it said in a new statement. “Because of those risks, bitcoin should not be used as a legal tender.” El Salvador’s president Nayib Bukele is not backing down.
CUTTING EDGE: What‘s Happening In Tech
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Seelos Scores Big Deal – Seelos Therapeutics (SEEL), a holding in the RID Model Portfolio, gained more than 8% yesterday. iX Biopharma gave an exclusive license agreement to Seelos for the drug Wafermine, a sublingual racemic ketamine wafer for pain and depression. Interest in ketamine has surged in recent years as medical specialists investigate its ability to help patients overcome both physical and mental burdens. iX Biopharma retains the rights for China.
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Apple Sues Israeli Spyware Firm – Apple (AAPL) is suing the Israeli spyware firm NSO group. NSO’s “Pegasus” software allows spies to break inside both iPhones and Androids. While NSO says the technology was designed to fight terror, others allege it has been used against activists and journalists.
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Does He Know Something We Don’t? – While NASA is testing an approach to divert asteroids, Elon Musk still has a sense of urgency about the need to escape the planet. On his Twitter feed (probably the world’s most influential now that Donald Trump’s is gone), he said the “great question” is about whether humanity can escape before “something cataclysmic happens.
FOR YOUR CONSIDERATION
“People say trading is hard. What do they know? It’s only taken me two months to be a pro.”
Honestly, I had to stifle a laugh when I heard that. I knew what was going to happen. I felt like Cassandra, cursed to see the future but never be believed. Ben was falling prey to two significant cognitive biases – traps you must avoid if you’re going to stay solvent.
It’s a common mistake – people see something happening and they think it’s going to go on forever. Overconfidence can be a killer. Remember to take the long view – and have a way to interpret what you are seeing in the short term. Your Options Coach Chris Hood is in your corner to show you how.
ROGUE RECCOMENDS:
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He just secured a 98% gain in 23 days. See what’s next
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