Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Monday, 22 May 09:30 (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.

 

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Euro. New Optimism

The 2017 GDP forecast for the European Union is reported to have been increased by the Euro Commission from 1,6% up to 1,7%. This means that the economic growth in 28 EU countries, according to the general estimate, is likely to reach 1,9%. The Euro Commission has reported about economic growth for the 5th year in a row. They expect the tendency to remain this and next year as well. The unemployment rate is expected to shrink all the way down to 9,4% this year.

 

 
Publication date: 17 May 07:04 AM

Masterforex-V Academy Names Forex Brokers with Hidden Commissions (Big Swaps) of 40 Pips a Week

Most Forex traders out there always try to find a way to make big money without any risk. On the surface, some of such ways do really look unbeatable. However, those solutions eventually fail if applied under the trading conditions that leave much to be desired as they are offered by some brokers disinterested in their clients’ success. At the end of the day, such solutions end up causing big losses instead of generating stellar profits. This is something Masterforex-V Academy experts figured out after conducting in-depth analysis of the FX brokerage industry.

Publication date: 16 May 07:20 PM

Pro-rebate.com: $400 of Profit Made by Auto-Copying Masterforex-V’s Best Traders In April 2017

 The strategy that Masterforex-V Academy has been sticking for years now keeps on brining fruit to traders and investors. The main distinctive feature that makes these investments stand out from the crowd is the fact that they are 100% reliable and there is zero chance of losing money. Those investments are based on sound money management without Martingale and other tricks. All of those investment accounts are monitored at myfxbook.com. VIP traders has been showing consistent profits ever since they were launched more than 2 years ago.

Publication date: 13 May 12:40 AM

Online Forums for FX Traders – Recourses to Leverage Your Trading or Another Way to Trick You into Losing Money?

As you probably know, there is no such thing as a free lunch. Most of us like this saying. But how do we apply it in real life? A good example is when we are offered to participate in a promo and get a chance to benefit from it in a certain way. Frankly speaking, each and every FX broker out there offers a certain kind of bonuses or promos to retail clients. Most of the time, you are offered a welcome bonus, deposit bonus, or even no-deposit deposit bonus. Should all of that be treated seriously?

 

 
Publication date: 12 May 04:21 AM

Masterforex-V EXPO Names Best Forex Brokers for Beginners in May 2017

No matter whether you are a beginning or an advanced trader, at some point during your trading career you have to choose an FX broker. And when choosing it, you obviously want to choose a reputable broker.

 

 

 

Publication date: 10 May 08:59 PM

Masterforex-V Expo Names Best MT4 Brokers in May 2017

Metatrader 4 (or MT4 for short) is still the world’s most popular Forex trading software. It was created to make the trader’s life easier and improve their trading performance. Today, there is even a web-based version of the trading software allowing you to access the market via any browser you like.
 
Publication date: 10 May 08:39 PM

Bitcoin Exchange Rate Goes Above $1700

Bitcoin is reported to have set a new record by seeing its exchange rate go above $1700. This is a 45% gain over the last 4 weeks. Given the increasing interest in the crypto-currency shown all around the world, international experts predict that by the end of 2017, BTC may reach even $4000.
 
Publication date: 10 May 07:47 PM

Trump Doesn’t need a Strong Dollar

A couple of weeks ago, Donald Trump made a statement related to the USA’s money-and-credit policy. This leads us to believe that in the near future Washington may well abandon the policy leading to a stronger dollar.

 

 
Publication date: 10 May 05:16 AM

FortFS, Masterforex-V Academy and PRO-Rebate Open «Double Bonus» Season

One of the leading international Forex companies named Fort Financial Services, which was recognized the world’s best FX broker for beginners in 2016, keeps on making clients happy with the help of various pleasant surprises.

Publication date: 04 May 10:37 AM

Forex Means Market Without Crisis

Most of us have already felt what an economic crisis is. Most likely, we keep on looking for extra income and financial stability. Is it possible? Yes, indeed, if discover Forex. What is conventional Forex?

 

 
Back in 1989, the daily FX turnover used to be as little as 600 million dollars a day.  In 1998, another global crisis broke in. Back then, the turnover easily exceeded 1 trillion dollars a day. By 2010, the turnover had already reached 3,5 trillion dollars. This time, it was the 2008 crisis that contributed to this growth. These days, the daily FX turnover is well above 5 trillion dollars a day. For the sake of comparison, the monthly NYSE turnover is well below the daily FX turnover. It sounds a little bit shocking, doesn’t it?
Publication date: 01 May 09:36 AM