What is the cryptocurrency Jim Rickards is about to recommend Saturday?

By arnosthe1, January 19, 2018

In an email from Rickards today (jan. 19) he says he will reveal his only crypto recommendation tomorrow. I figure if I knew what it was I could beat the stampede.

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DONALD NOVOTNYSeansteveidocedGuest Recent comment authors

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tdmalin
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tdmalin

My guess is Stellar Lumens (XLM).

jamespaul108
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jamespaul108

Yes, I think it has to be. IBM announced its move into Stellar in October 2017.
https://www.coindesk.com/ibms-stellar-move-tech-giant-use-lumen-cryptocurrency-payments-rail/

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Steve
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Steve

I think it is Stellar Lumens… Da

loglog
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loglog

Call over, yet no mention of which currency he is hinting at… unless you subscribe to another product. For $2k. Mentioned partnership with IBM, which further supports the XLM hypothesis.

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helloopop
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helloopop

XLM does appear to have a relationship with IBM (just search), but ADA is another currency that is around .70. Not sure either of these has the potential to zoom up more than 10x over time if you go to coinmarketcap and check their total units vs. price. I would love them both to go much higher, cuz I own both, but if XLM has a 17B supply of units x current price of $.53/unit = around $9B of market cap. If it increased to $5.00/unit, that would be around $90B of market cap. Bitcoin is currently only $216B of… Read more Β»

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Tom
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Tom

If you look back just a week, even the price of XLM lines up – it was about 70 cents. 99% sure it’s XLM. In fact, I just dropped about another $2K on XLM, rather than paying his fee to find out it’s XLM. πŸ™‚

Sean
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Sean

Really, Tom … man, I hope your right … that’s a lotta doe to drop on an unproven crypto if ya ask me.

Andrew
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Andrew

As someone who owns a good amount of XLM this would be great, but as a new investor and the pitch to buy this “.70” coin I am expecting a lot more gain base on what was said……. The IBM Stellar partnership has been known since last OCT https://www.coindesk.com/ibms-stellar-move-tech-giant-use-lumen-cryptocurrency-payments-rail/ I really wonder if this is the coin….

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garybolster27
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garybolster27

I just fell off the turnip truck, how does one buy into MLX and ADA?

jamespaul108
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jamespaul108
jamespaul108
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jamespaul108

by the way it doesn’t appear that large gains are possible, based comments by others in this thread.

Sean
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Sean

I, too fell off the turnip truck, but quite a while back, and that’s why I’m still kind of skeptical about any of these so called cryptos. But if I did decide to take a wild gamble on XLM, why do they make you have to buy Ethereum before you can buy XLM?!

hamid
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hamid

GO TO COINBASE.COM OPEN AN ACCOUNT DEPOSIT THE MONEY AND TRANSFER THEM TO YOUR TRADING ACCOUNT ON BITTREX.COM WHERE YOU CAN TRADE CRYPTO CURRENCIES

Eric
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Eric

Bittrex.com isn’t allowing new clients to open accounts at this time but Binance does.

Andrew
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Andrew

XLM has a huge market cap right now as it is, can’t see it with the gains Jim was talking about. And IBM and Stellar have been working on stuff together for a few months (http://fortune.com/2017/10/16/ibm-blockchain-stellar/) not really hush hush. If Stellar grows 100x it would be 5x bigger than Bitcoin right now. I think everyone in the crypto space knows Stellar too.

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Andrew
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Andrew

and that’s just based on circulating supply not total supply. Jim was saying that this .70 coin will get to Bitcoin Levels – so let’s $10k per coin to be safe x total supply 100B = 100,000,000,000,000 for this one coin. Either Jim know nothing about the crypto world and nothing about finance or this is not the coin he is talking about.

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Bill
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Bill

Jim sent out a revised transcript and that the price at the time of taping was $0.53. Also said the Crypto has a relationship with Deloitte, which Stellar has.

DMC
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DMC

Looking at coinmarketcap.com today, it would appear that may thought it may be EBTC. Price prior to 1pm was about 0.7 and spiked immediately afterwards.

Andrew
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Andrew

It doesn’t look like EBTC does anything that Jim explained.

Andrew
Guest
Andrew

It’s prob a scam

Bob
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Bob

what about TRX USD Tronix – it is $ .70 as well

Idoced
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Idoced

Received this Rickards “pitch” also…so any announcements from IBM today?

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Eric
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Eric

Has anyone heard if Jim Rickards actually recommended Stellar Lumens? The price has been increasing rapidly this week and it appears that is due to in part to his recommendation.

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SoftFork
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I guess there is a segment of the population that no longer reads Fortune. This is old news. FWIW – I agree Stellar looks promising. Is it the cure to cancer, probably not.

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steve
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steve

He also mentioned the London Exchange in the Presentation. What if something really big is on it way. He is a very respected gold bug and investor. Yet he only recommend allocation 10% in precious metals and recommends more in cash for liquidity. He also uses IMB Watson for his project prophecy which the government version of it was used to find illegal trading right before 911. it was a computer system put in place to see if something illegal was being done on the stock market prior to 911. Almost irrefutable evidence says some type of insider trading occurred.… Read more Β»

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Guest
Guest
Guest

He’s talking about XLM. Jim has very close ties to IBM… Jim is currently spinning up Meraglim which is a big data project to read markets using IBM Watson tech, running it through his Bayesian models developed for the CIA. Jim’s son also runs Waterfund, who Jim helped get hooked up with IBM to develop the first ever water price indexing model. Jim also fairly regularly talks about Hyperledger fabric tech. So it’s XLM. He must be hearing some stuff he’s convinced about from IBM about the future of Stellar.

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steve
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steve

Great insight. i knew some about XLM but not about Meraglim, or Beyesian models developed for the government.

idoced
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idoced

Why did Ethereum ETH drop off so suddenly this weekend?

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steve
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steve

a lot of negative crypto press, its rising once again.

Sean
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Sean

If this joint venture between IBM and Stellar is supposed to make XLM go way up past the 70 cents level, than why is it down to 34 cents today?

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DONALD NOVOTNY
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DONALD NOVOTNY

todays price is .00034, that is not .34 cents