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Monday, 27 March 04:28 (GMT -05:00)



Foreign exchange market

Pavel Krymov: Crypto Currencies Are Some of the Most Promising Investments


For those of you who don't know, Bitcoin has been one of the biggest financial newsmakers over the last few weeks. After a prolonged rally (at some point, Bitcoin even got more expensive than gold) connected with certain events, the crypto currency unexpectedly dropped only to recover most of the lost ground a few days later.
 
For many investors out there, the biggest deterrent was a prolonged rally without retracements, which would have to end at some point. In other words, buying an overbought asset wasn’t a good investment idea at best. Eventually, amid the events taking place in the first half of March, not did Bitcoin just drop, it crashed by $250 at a time. However, this was a short-term plunge.
 
So, what actually happened and why didn’t investors stop seeing Bitcoin as a promising investment? Let’s try to figure this out in this article…
 
“Explosive” Bitcoin. Is It Good or Bad for Investors?
 
 
The price roller-coaster recently shown by Bitcoin was triggered by the Security Exchange Commission’s decision to reject the listing of the world’s first Bitcoin ETF initiated by brothers Cameron and Tyler Winkelvoss, who are private investors and Internet entrepreneurs.
 
The thing is, the SEC assumes that the Bitcoin market lacks all the necessary regulation and is subject the very high risk of market manipulation by big players. This was actually the reason why the crypto currency crashed by $250 at a time. Later on, the currency regained most of the lost ground and traded just 6,3% below the local high around $1116.
 
Probably, to some extent, the existing trend has to do with the fact that two more companies are waiting for the SEC to make up their mind regarding the listing of the ETFs offered by them: The New York Stock Exchange (requested by Grayscale Bitcoin Trust for their personal ETF exchange NYSE Arca) and NYSE Arca (requested by SolidX Bitcoin Trust).
 
We also remind you that before the SEC’s first rejection of the mentioned Bitcoin ETF, the BTC exchange rate used to be growing so fast that it eventually set a new all-time record at $1303. After the roller-coaster, the exchange rate is now somewhere around $1220.
 
 
Given the growing interest shown by the reader in crypto currencies, we decided to interview Pavel Krymov, a well-known expert in financial marketing. During the interview, we found out how promising the crypto currency can be for a retail investor and what are its mid-term and long-term prospects.
 
Bitcoin Has a Lot of Upward Potential, Pavel Krymov Says
  
 
When asked about whether investors should buy Bitcoin now, he said that if they want to win big and are willing to risk, then they should. His prediction for early 2018 is at least $2000 per 1BTC.
 
Some experts say that Bitcoin has been overpriced for years. However, Pavel Krymov assumes that this is not really the case since Bitcoin has a considerable upward potential, which is partially proved by the fact that Bitcoin managed to recover quickly after it crashed not so long ago after the SEC’s decision on Bitcoin ETFs. It took Bitcoin under 48 hours to gain back almost all of the drawdown. All in all, the strong rally we can see over the last few weeks means that there is a lot of people out there seeking to load up on Bitcoins. And chances are that the current Bitcoin rally may well get even more people on board after they learn about Bitcoin.
 
As for risks for various governments, the decentralized system reduces those risks to the minimum, the expert says. Even if some governments ban Bitcoin, the crypto currency is not going anywhere, it will just go underground. Apparently, any resistance coming from the government may make things more difficult for Bitcoin users but a lack of decent alternatives won’t affect the amount of users seriously anyways. The only big thing that can affect Bitcoin is if China decides to forbid the currency. However, the People’s Bank of China is not going to do this. On the contrary, the Chinese central bank seems to be advocating Bitcoin. Not so long ago, they released the rules and regulations for local Bitcoin exchanges.
 
Some other national banks had to be honest and announced that they cannot control Bitcoin, since this is a global trend. Banning means pushing it underground, which is why they decided to put up with it and to try adopting it instead by regulating those institutions that exchange Bitcoin for fiat money.
 
The expert also evaluated the possible reaction of various Forex brokers to the increasing popularity of crypto currencies. He thinks that the savviest brokers will definitely join the Bitcoin market, especially as they have all the required infrastructure to do that. To be more specific, the client will be offered to buy either Bitcoin directly or BTC derivatives. By the way, some of those brokers are already doing so. The next step will be all about creating various BTC-based investment products.
 
Also the expert assumes that there are several reasons why the crypto currency id destined to go even more popular and conquer the financial online world. First of all, it all about the financial attractiveness of digital currencies. Secondly, it’s all about decentralization and absence of regulation amid tougher rules for transactions using fiat money. And lastly, the block chain technology gives us an opportunity for a much wider use of any crypto currency and make it more efficient relative to fiat money.

 

 

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Choosing Profitable NordFX Signals: 300% a Month or 300% a Year?

 These days, trading signals has become really popular among retail traders and investors from all over the world. Speaking about those signals, they come in different shapes. For instance, auto-copying is one of the most popular formats of providing trading signals to retail clients.

 
This is all about letting the client copy successful traders’ performance in automated mode. This means that while the client stays in control of their investments, it’s possible for them to outsource all the routine job of copying the signals to trading software and enjoy passive income on a regular basis rather than having to wait for trading signals to come out and apply them manually. Basically, that’s one of the key reasons why auto-copying services has been getting more and more popular worldwide over the last few years.
Publication date: 21 March 08:16 AM

Pro-rebate.com: 10% of Profit Made by Auto-Copying Masterforex-V’s 5 Best Traders in February

 In February 2017, those who invested in Masterforex-V Academy’s best traders by copying their trades in auto mode got paid handsomely once again, pro-rebate.com experts report. To be more specific, the 60 best traders collectively made over 67000 points of profit. The top 5 traders made 4270 points of the mentioned profit.

 
It should be noted that over the last 6 months, the average monthly profit has nearly doubled all the way up to 61000 points. For the sake of comparison over the previous 18 months, the average profit never went beyond 35000 points.
Publication date: 20 March 12:26 PM

Bitcoin Is By Right the World’s Most Popular Crypto Currency

The crypto currency as phenomenon emerged not so long ago compared to other digital means of payment. However, since then, it has already managed to will its own place under the sun, and it keeps on getting more and more popular across the entire Internet. More and more people start using crypto currencies as an online means of paying for products and services both offline and inline. On top of that, Bitcoin and other crypto currencies allow an increasing amount of people out there to make money for a living.

Publication date: 20 March 05:14 AM

Masterforex-V Club’s «PrivateFX №1» Portfolio Gets +0,71% More This in a Week

When it comes to investing money, it’s always a good idea to advance slowly but surely. The past trading week happened to be a success for the managers of the «PrivateFX №1» portfolio. In particular, the 5 trading days of the week ended up with 106,43 dollars of profit, which is 0,71%. This is not that much in absolute terms. However, within 12 months of such a profitability, the initial capital of $15K could see around $6600 on top.

Publication date: 10 March 04:56 AM

Bitcoin Exchange Rate Hits All-Time High

In late February, the exchange rate of Bitcoin, the world’s first and most popular crypto-currency, reached a new all-time high – 1 183,68 USD/BTC. This happened earlier in the morning, on February 24, at itNit, which is a New York-based exchange. A couple of hours before setting the all-time high, the exchange rate exceeded the $1000 threshold.

Publication date: 06 March 08:47 AM

Masterforex-V Club’s «PrivateFX №1» Portfolio Outperforms Other Financial Instruments

Misfortunes are always followed by good luck. This is what PrivateFX №1 investors hope for. And they really have a reason for that, even though February didn’t turn out to be a profitable month for them. the thing is, after the profit made at the very beginning of the trading month, the investment portfolio saw an unpleasant drawdown, even though a minor one.

Publication date: 28 February 11:48 AM

PrivateFX, Masterforex-V Academy and PRO-rebate Launch PAMM Trading Contest

The trading year started without any major events. There is nothing to be surprised about given the fact that financial markets are really afraid of unpredictable Donald Trump who has been making controversial statements and changing his mind from time to time, thereby triggering ups and downs in financial markets. These days, it’s rather difficult to predict the market and follow the trend even if you are an advanced trader with many years of expertise and excellent tools under your belt. The question is whether it’s really possible to benefit from Forex without being pegged to international events.

Publication date: 23 February 02:25 AM

Greek Economy Starts Growing

Last Friday, Pierre Moscovici, who is the European Commissioner for Economic and Financial Affairs, Taxation and Customs, visited Athens to discuss with the Greek government the report on the situation with the Greek debt to the international lenders.

Publication date: 22 February 08:58 AM

Investors Recognize PrivateFX World’s Best PAMM Broker 2016

Investing in Forex is probably one of the most promising ways to make money in passive mode. If you are cooperating with a reliable broker, and your managing trader is interested in making money on mutually beneficial terms, often times you can get a weekly profit, which is going to be bigger than the interest rates paid you annually as a bank depositor. This holds especially true for PAMM investments, which are the best options to make money in financial markets in passive mode.

Publication date: 16 February 05:02 AM

Pro-rebate.com: 17-20% of Profit Made by Auto-Copying Masterforex-V’s 5 Best Traders

In January 2017, those who invested in Masterforex-V Academy’s best traders by copying their trades in auto mode set a new record, pro-rebate.com experts report. To be more specific, the 60 best traders collectively made over 82000 points of profit. The top 10 traders made 8059 points pf the mentioned profit.
 
Publication date: 15 February 01:27 AM