As an observer of the Bitcoin market as long as this original cryptocurrency has existed, it never made much sense to me from an investment perspective. Bitcoin prices were too volatile and the volatility seemed too random. Volatility can be a good thing for traders, mind you, but only if you think you have an idea why the price goes up and down the way it does. Otherwise it is just a good way to lose all your money. But a couple of recent events have changed my view of Bitcoin. I now think I can explain its volatility and predict it well enough for profitable trading. And the best part is […]
Earlier this year I wrote a 
This is the third and final part of my series on crowdfunding. In 
Companies go public for many reasons but the two that are most common are: 1) to raise capital for further expansion, and; 2) to secure the wealth of the founders. Some companies go public for different reasons, like Microsoft’s IPO back in 1986 that was literally forced by excessive secondary trading of company shares. Gates and Shirley decided to accept the burden of going public because it wasn’t all bad, but they didn’t seek it because they didn’t need the money.