Crypto Contest June 4: Bankex

Bankex (Bittrex: BKXUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Bankex began a wave one advance on February 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 10, and the red wave two (blue sub-waves a-b-c) correction ended on May 26. If this wave count is correct, Bankex should be heading next towards the April 10 peak in the red wave three.

(Chart courtesy of (log scale))


Bankex operates a Proof-of-Asset Protocol to bring Bank-as-a-Service (BaaS) and blockchain together and facilitate the digitization, tokenization & exchange of

The Bitcoin Halving Event – Part 2

Yesterday I started a two part series on Bitcoin Halving. This is the second part of that series. It will make little sense if you have missed Part 1.  Part 1 is available here:

The Bitcoin Halving Event – Part 2


What happens after the very last Bitcoin has been mined? Will miners stop mining because there are no longer any block rewards? No, they won’t. That is because block rewards are only a part of what miners earn when they mine a BTC block. They also earn transaction fees.At the moment transaction fees are only worth around 10% of the block

ScaredyCatGuide’s Personal Finance Allocation Tip

A personal finance tip for how to allocate income, the buckets I use and the percentages that go toward each.
It’s a video I did some time back, here is what I lay out:
Income Allocation
55% towards living expenses (mortgage, food, utilities, etc.)
20% toward long-term savings/rainy day fund (for emergencies or replacement of large ticket items)
10% for investing/passive income creation (investing in and acquiring income producing assets)
10% for fun time money (pure discretionary income to spend on anything you like!)
5% for learning and getting better (taking a class or a course, i.e, learning something new)

(^ awesome t-shirt, right?)
This is a ratio I

John Staszak Is Completely Wrong About Las Vegas Sands

I have been following Wynn Resorts and Las Vegas Sands for more than 10 years as these two companies give me a great barometer of the how the global economy is doing.

In April, Las Vegas Sands reported first quarter earnings of $0.91 per share vs expectations of $1.04.  Nevertheless, Management stated they expect the gaming market in Macau to recover and spending $2.2 billion in Macau over the next three years.  That makes since as the game revenue in Macau dwarfs Las Vegas by a factor of 6X.

John Staszak, an analyst with Argus Research had this to say about Las