Category Archives: Bitcoin

Bitcoin Editor Expert

Cryptocorns Are The Next Digital Currency Billionaires, Ian King Reveals

“Cryptocorns,” a term adapted from the financial sector’s “unicorns” moniker for startups that have reached $1 billion capitalization is going to be a lot more common in the new blockchain financial sector, says Banyan Hill Publishing cryptocurrency expert, Ian King.

The slightly more than 275 startups worldwide that have achieved unicorn status comprise nearly $1 trillion in current valuation and that from initial investments in the $200 billion range. These familiar brands include Dropbox, Uber, Pinetrest and Airbnb.

In the crypto world there are approximately 40 blockchain-based projects that have reached the $1 billion value mark. Just this past year, bitcoin held the sole cryptocorn status.

Behind this rapid expansion Initial Coin Offerings, ICO, have given private investors access to these exponential investment returns.

An ICO embodies a new technology, service, product, etc., that is tied to a blockchain transaction ledger, providing the business a way to raise capital for their project and at the same time giving investors a currency that can be exchanged for increasing value as the company matures. The alt coins created by the ICO are exchanged for some other crypto or traditional currency. Read more about Ian King at tumblr.com for more updates

ICO returns can be overwhelming, he notes. He points out that bitcoin’s nearly 1500 percent gain was impressive enough, but adds Ian King, for the same one year period, the alt coin known as ethereum posted a 12,800 percent growth on its original valuation.

The appeal of the ICO instrument is especially attractive to private investors. Ian King shares that there was no comparable means for private individuals to get access to early startup investments just a few years ago.

Estimating that there are approximately 30 million wallets allowing for storage and transaction of cryptocurrencies, Ian King drops his estimate to approximately 10 million unique bitcoin owners, taking into consideration that most crypto users own more than one wallet.

As several recent events involving ICOs demonstrate, the demand for these alt coins can exceed the current technological and compliance capacities of the exchanges offering them. Three major Asian exchanges were forced to suspend operations involving new users. The Chinese Binance was processing 250,000 new accounts each day when this suspension was issued.

King shares that whereas large startup gains were solely accessible to venture capitalists, Silicon Valley insiders and major financial institutions, crypto assets levels the playing field, giving anyone with a cell phone access to the next Google or Amazon.

Where all this is heading King observes, is towards a cryptomania, the likes of which will far exceed what investors saw with the dot com bubble of the late 1990s.

Read:https://www.zerohedge.com/news/2018-01-08/bitcoin-end-beginning

 

Bitcoin Forex

Jordan Lindsey: A Jack of all Forex Pairs and a Master of One

When I started out as a forex trader, I did not know what I was doing. Then I read a few books, and my eyes became open to how little I knew about the forex market and trading as a business. That was ten years ago. Since then, I have not stopped reading everything I come across on the subject. Becoming a knowledgeable trader is like peeling an onion. There are layers upon layers, and answers to your questions give rise to yet more questions. Had I learned of Jordan Lindsey sooner I might have saved five years of absolute frustration.

Jordan Lindsey, the founder of JCL Capital, is correct when he says that focus is a crucial ingredient to success as a trader. When I hear “focus,” I think concentration. You cannot be all over the place. The forex market is vast. There are dozens of regularly traded currency pairs, crosses, and even exotic pairs you could exchange. In fact, each trading day 5.3 trillion dollars changes hands in this market according to the Bank of International Settlements.

In truth, each currency pair is a market in and of itself. Just as gold, oil, and T-bills constitute unique specialized areas of trading. The large banks have traders who only trade a single currency pair. The EUR/USD guys buy and sell just EUR/USD, and likewise, the USD/JPY desk handles only those transactions. Of course, they are trading by the “yard” ($1 billion lots). Jordan Lindsey says “think big.” If it is good enough for the big boys should not that tell you something?

What is the advantage of limiting yourself like this? Well, for one thing, you will develop a sharper focus. You will be very clear about:

  • best time(s) to trade
  • time frame to observe
  • news to track

No longer will you be all over the place. When you are up against only a single market, your focus is more precise, and you will more readily recognize an edge when it presents itself. In time, you will discover that each pair is like an onion in and of itself. Few things are as exciting as mastering the trade winds of a particular currency pair. It can make you a ton of money. That is why Jordan Lindsey encourages us to focus.