Dacxi Blog

Sometimes, weeks can go by in the crypto world without as much as a ripple. This week wasn’t one of them. Today, in my first ever report, I’ll be taking a look back at the last couple of weeks in crypto. And let me just start by saying, “I told you so.” Since November 1st, the crypto market has broken that all-important US$14,000 level for Bitcoin. Bitcoin has truly boomed, peaking at $18,000. That’s 28% up in just two weeks. And Bitcoin’s not the only one feeling the heat. ETH is up 22%, and the total market capitalisation has jumped $100bn – or 25%. For Dacxi, the week’s biggest story was Litecoin. As part of our Blue Chip Bundle, I was a little concerned that it was under-performing, and slipping down the rankings. Turns out I needn’t have worried. This month, Litecoin’s up a massive 50%, and has re-staked its claim as the world’s 5th largest crypto. It just goes to show, Dacxi’s pioneering portfolio approach to crypto really is the smartest investment strategy. So that was the we

If you talk about the crypto-assets world, you normally have to talk about Bitcoin. It’s two thirds of the market buy value. To the world, Bitcoin is crypto. Many exchanges talk only of Bitcoin. Their marketing says, ‘Buy Bitcoin here’, ignoring the fact that they also list many other cryptos. So many people proudly tell me, ‘Yes I own Bitcoin!’ I ask, ‘Is that all the crypto you own?’ They normally look at me quizzically and reply ‘Yes.’ So, I say ‘Bad luck’. They frown. Buying just Bitcoin simply shows you are ignorant of crypto OR, most likely, have been badly advised. Invest to Build Wealth versus Gambling. Today there are 6,527 listed crypto-assets on exchanges around the world. Bitcoin is just one. People who buy just Bitcoin probably know nothing about the market and lack confidence. They buy the ‘big boy’ Bitcoin and hope for the best. They are NOT investing in crypto to build wealth. They are gambling, as surely as if they were buying a lottery ticket. Recent British governmen