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Tuesday, 25 April 00:32 (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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Masterforex-V Expo Names Best Binary Options Brokers in April 2017

Binary options are relatively young but they have won the hearts and minds of millions of traders around the globe. They are an excellent alternative to conventional Forex trading. With binary options, you can still trade your favorite currency pairs. However, now you can do it the easy way but you don’t have to maintain the trade each time you open it and your trading results don’t always have to rely on the amount of pips the price have changed by.

Publication date: 20 April 07:08 AM

Masterforex-V Expo Names Best Client Support in April 2017

For any retail FX trader out there, getting timely and comprehensive support from the broker is essential. It doesn’t matter, whether you are a rookie getting your feet wet in trading or an advanced trader knowing the ins and outs of successful trading, you still may have some issues at times and that’s where responsive support comes in.

 

 
Publication date: 19 April 11:40 PM

Alpari Is Looking for Women of the 21st Century

International financial brand Alpari keeps on making millions of clients happy. This is not only about improving the quality of trading and investing conditions and providing the client with unique technologies and high-quality financial products.

 

 
Publication date: 18 April 02:19 AM

Euro: Greece Still Cannot Do Without External Financial Support

The other day, Managing Director of the IMF Christine Lagarde made a report in Brussels. The key issues she touched upon included the prospects of the global economy and related things.

To be more specific, she says that the overall prospects of the global economic growth have improved but the uncertainty related to politics is still carrying some risk for the growth.

 

Publication date: 17 April 06:27 AM

“Zero to Hero” by EverFX. Zero Commissions and Spreads for FX Traders

The problem of cutting expenses when trading Forex has been one of the most burning problems for retail traders for years. Even though some brokers cut their spreads and commissions from time to time, more often than not those cuts are insignificant and won’t let traders improve their performance a lot. At the same time, most of those discounts are temporary and limited to certain types of accounts or certain assets.

 

 
Publication date: 14 April 01:57 AM

Masterforex-V Expo Names the World's Most Tech-Advanced FX Brokers in April 2017

There is a rule of thumb which reads that before choosing a certain FX broker, you should consider a number of factors to base your choice on. Even though for some traders, the leverage and the size of the spread are important, going with the broker who offers cutting-edge technologies and innovative solutions to the trader is always a good idea.

 

 
Publication date: 13 April 08:45 AM

Trump Makes Dollar Drop

The U.S. Dollar is reported to have dropped a little bit today. This happened shortly after President Trump gave his assessment of the situation in the American financial system. In particular, he assumes that the U.S. Dollar is a little bit too strong and he wants interest rates to stay low.
 
Publication date: 13 April 07:54 AM

Pro-rebate.com: 7% of Profit Made by Auto-Copying Masterforex-V’s 5 Best Traders In March

In March 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 65000 points of profit. The top 5 traders made 2954 points of the mentioned profit.

 

 
Publication date: 13 April 02:41 AM

Inflation in Great Britain May Undermine the British Pound

The British CPI remained without changes in March 2017. This means that the annual rate of inflation is still 2,3%, Market Leader reports.
 

 

At the same time, the Office for National Statistics, which is the UK’s official statistics agency, indicated a base inflation slowdown over the reporting period. The Core CPI excluding foodstuffs and energy, slowed down from 2% in February to 1,8% in March. This may testify to a much more careful money-and-credit policy by the Bank of England.
Publication date: 12 April 03:07 AM

Hollande's Legacy, FX Experts on EURUSD

Francois Hollande seems to have already become the most unpopular president in the entire history of France. That’s why, amid the forthcoming presidential election in France, more and more experts ask what is his legacy.
 
Publication date: 31 March 12:57 AM