Ian King Declares Bitcoin is at the End of the Beginning

Ian King recently joined the Banyan Hill Publishing editorial team to add his cryptocurrency expertise to the board’s set of outstanding trading and investing skills. He is a former trader of dot com stocks, credit derivatives, mortgage bonds and equities. When King learned about the enormous potential of crypto assets, he quit his lucrative job as a hedge fund manager so he could educate people about how to make money trading bitcoin. He became the most active contributor on cryptos to Investopedia.

By early January 2018, the market for bitcoin and all other cryptocurrencies lost lots of money. In December 2017 the price of one bitcoin pushed close to $20,000. But the new year saw a drop of 71%, which is drastic.

However, the new investors bitcoin attracted in 2017 were not used to such volatility wiping out all their profits. They didn’t see bitcoin drop 85% in 2011. They didn’t hold it through the many other major dips and drawdowns in its history, even in 2017. By the end of that year, it seemed bitcoin knew only how to go up. So many people were not prepared for the downside 2018 brought. View more on Ian King at Stock Twits for more updates.

In his first article for Banyan Hill’s readers, King said the downturn was not the end of bitcoin, only the end of its beginning. For years the word about bitcoin had spread underground through libertarians and others who wanted it to replace the fiat money issued by governments. Nobody else had ever heard of bitcoin unless in conjunction with online drug sales on Silk Road or ransomware attacks. But that changed. By the end of 2017, bitcoin and other cryptos cross the tipping point to mass awareness. Bitcoin’s market price went up an astounding 1,500%, leading many people to believe they’d be rich if they had heard of it and bought in earlier (and if they resisted the urge to take profits). That ignited their greed and their fear of missing out. The total market capitalization of cryptocoins went from $18 billion to over $600 billion. Learn more on crunchbase ¬†about Ian King

Now that the market mania of December has subsided, many experts are saying it’s the end of bitcoin, and they couldn’t be happier. As King points out, although almost everybody has heard of bitcoin, few people own it. And few of those people actually understand it. Despite the stories of how people mortgaged their homes to buy crypto coins, the market is still a long way from being saturated. Learn more:https://banyanhill.com/expert/ian-king/

 

Trumping the Dollar with Jordan Lindsey

Shortly before his inauguration, just over a year ago, then President-Elect Donald J. Trump declared to a reporter that the U.S. Dollar was too strong. Mr. Trump, who has a degree in Economics from the Wharton School of Business of the University of Pennsylvania, was not the least bit unsure of his assertion.

At that moment anyone hearing his declaration, and who happened to be holding an extended position in the USD against other major world currencies may have felt a little concerned. The president of the United States has god-like powers to influence financial markets with his words.

When Jordan Lindsey, founder of JCL Capital, advises that forex traders execute on their plans part of that fulfillment requires that we pay attention. When giants speak, their words echo causing waves on our price charts. That can result in swinging volatility, the likes of which can quickly blow out your account.

The question Mr. Lindsey asked is can you become a millionaire trading forex? The answer to that question is that you certainly can. However, as Jordan regularly advises you must have a good long-term plan and stick to it. Reason with the mindset of an investor, not a gambler.

No one knows the future with absolute certainty. That is why we study the market, listen to the news, watch YouTube videos, and read different bloggers. To trade your plan successfully, you should know when to move your money to safety and when to deploy it. Furthermore, you should understand prudent money management, and always practice it.

The internet has democratized the forex market. Thanks to the World Wide Web and retail forex trading platforms, anyone can become wealthy. As Jordan Lindsey says, remember to stay the course and pay attention. The wise forex trader would take heed of the utterances coming from Mr. Trump and other critical influencers of money and markets. Like it or not, we exist in an age where one tweet can wipe out or create hundreds, thousands, or even millions of dollars in your forex account.