https://steemit.com/@ronniemoas
@RonnieMoas
My cryptocurrency price targets set last week have gone viral online. Picked up by more than 100 websites and seen by hundreds of thousands of people worldwide. I had more than 2000 people visit my website from more than 80 countries.
See below (headlines) and bottom of this page (my notes). I STRONGLY advise AGAINST investing in cryptocurrency until after you have seen my 40-page report and the SERIOUS warnings and words of caution in there.
www.standpointresearch.com ... Daily Notes and 50-75 stock recommendations per year. @RonnieMoas Top Ten Ranking versus > 4,000 (2008-2017). Now covering cryptocurrencies as well. Contact me if you are interested in my 40-page report on cryptocurrencies (and my top five ideas).
The blockchain technology and cryptocurrency is not going away (although many of the 800 cryptocurrencies may collapse). We are in the second inning of a nine-inning baseball game here, or in the first quarter of a four-quarter basketball game (to use a sports analogy); and this game could very well go into extra innings (overtime). The world is changing and what is going on in cryptocurrency and blockchain is a game-changer similar to what happened with the internet 20 years ago; computers 30 years ago; airplanes 50-75 years ago; and automobiles 100 years ago.
Because we are in the beginning stages of this industry, there will be scams; there will be hacking; there will be exchanges crashing on days like August 1, 2017 where they may not be able to handle the flood of Buy and Sell orders coming in. There are now 800 crypto-currencies -- many of which will not be embraced and will go to Zero. That being said, I believe in the next 10 years at least 1% of the 200 trillion dollars currently in cash, stocks, bonds and gold, will find its way into crypto-currency. That would bring this industry to a two trillion dollar market cap ... 25X where it is today ($80 billion).
There are many forecasts out there for 2%-4%. If we hit 4.0% from where we are today (0.04%) you just got a 100X return on your investment and turn $10,000 into $1,000,000. There are people like Mark Cuban who believe we are in a bubble right now, while other well-known figures (including Christine Lagarde, John McAfee, Richard Branson, Bill Gates, Mark Zuckerberg and others) may bet against those in the Mark Cuban camp. The day after I came out with my $25,000-$50,000 Bitcoin price target for 2027, a well-known analyst on Wall Street (Thomas Lee) came out and said that Bitcoin will go to between $12,000 and $55,000 by 2022 depending on whether we hit his worst case or best case scenario. Lee is an accomplished Wall Street strategist with more than 25 years of experience in equity research, and has been top ranked by Institutional Investor every year since 1998. Prior to co-founding Fundstrat, he served as JP Morgan Chief Equity Strategist (2007-2014).
Amazon did not go up in a straight line from $100 to $1,000/share. I lost track how many 20% corrections there were along the way. If my memory is correct, there may have been a few 40% corrections along the way as well. Same situation with Tesla. For the record, I would not go near either of those. I see this universe of 800 crypto-currencies similar to the way I viewed the tech bubble/craze 20 years ago which also had ~800 names to choose from. There were a bunch that went on to attain mega-cap or large-cap status. Many names went to zero and then the others had different levels of success.
I put out a quite a bit of research this past weekend. You should have received notes and research reports from me on Friday, Saturday and Sunday. Names that are strong for us this morning and worth noting include X BLUE MOS GILD DIN CBI FCX (breaking out and now above $13) M GES DSW GME & GIII.
I have been doing a lot of work on cryptocurrency the last few weeks – it is my best idea in the last 20 years. I now have personal accounts with coinbase.com and bitfinex.com and I am diversified across five different currencies(that I highlight in my 40-page report). Each of those are from the Top 25 (market cap). There are now more than 800 cryptocurrencies. I am focusing only on the Top 25 names.
I have known Ronnie for years. His forensic/exhaustive approach to research is unparalleled … #crypto now has a rock star analyst ... @MaxKeiser (July 10, 2017 via Twitter to his 164,000 followers who are almost like a hardcore crypto cult). I have been on his popular television show three times. He has been pounding the table on Bitcoin since it was at $3 … today it is at $2,000.
Bitcoin to $50,000 Is Latest Call from Prolific Stock Picker
Camila Russo
July 5, 2017
(Bloomberg) -- Ronnie Moas, who for the past 13 years has made more than 900 stock recommendations via his one-man show at Standpoint Research, is now venturing into cryptocurrencies. Bitcoin should double to $5,000 next year, and could reach $25,000 to $50,000 in the next decade, the Miami Beach, Florida-based Ronnie Moas said in a note to clients.
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Stock research analyst Ronnie Moas said he bought bitcoin this weekend and thinks it could reach $5,000 within a year.
"$5,000 could happen in a few months. It's only starting to gain traction right now," Moas, founder of Standpoint Research, told CNBC in a phone interview Wednesday.
Ronnie Moas
Founder & Director of Research
Standpoint Research
T: (786) 768-2317 M: (786) 315-3853
E-mail: ronnie.moas@verizon.net
Alternate: ronnie@standpointresearch.com
Web: www.standpointresearch.com www.moas-photo.com www.philanthropyandphilosophy.com
Charity: www.foodforthepoor.org/Moas
Launch Date: July 15, 2016
Money Raised: $57,260 (includes $3,600 donation referenced above not yet processed)
Donations Received: 291
July 15, 2016 marked the one-year anniversary since I started working with a magnificent charity -- Food for the Poor. Last year we distributed more than one billion dollars in humanitarian aid to 18 countries in the Caribbean and Latin America. I gave so much of my time and money to this charity in the last year that the executive director, Angel Aloma, took me as his special guest to Haiti back in March. Had you seen what I saw, you would not think twice about leaving a donation. The need is great. We are helping the poorest of the poor and they need our assistance desperately -- administrative expenses are only 4%. This is a five-star charity -- headquartered a few miles from where I live -- established in 1982. Your donation -- at my fundraising page that is linked to the charity website -- is tax deductible. If you can help out it would be much appreciated. Thanks.
You may have to cut and paste that link or type it in your browser – thanks -- Ronnie