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Cryptocurrency – The Whales’ Game


wealthymatters

Cryptocurrencies have captured the public  imagination as the price of bitcoin et al skyrocketed and made lakhiers and crorepatis of both famous and obscure people. Never mind that many lost their fortunes even before they could start celebrating ! The adrenalin rush is a siren song to certain personality types……..

And I daily get calls, messages and e-mails asking what I think of cryptocurrency investments. The querants range from Sotheby’s-Gulf to small businesspeople from Russia. So here’s my answer : Are you a whale? Do you want to be one? Can you be one ?Do you fancy your chances playing against whales ?

Think:

Bitcoin was built by a tight-knit community of technology buffs and entrepreneurs, and a relatively small number of them own an outsized share of the cryptocurrency. As few as 1,000 people may own around 40% of all existing bitcoin.

As smaller investors enter the market drawn by the price action, the question to ask is whether those “whales” are in a position to take advantage of the newcomers?

Can whales actually coordinate among themselves to move the market? Read more of this post

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Binary Options Trading


wealthymattersAre you looking for a way to increase your money on the side? Perhaps you’re already doing pretty well in life: Your business is bringing in a fair amount of money, your stock market investments are doing well, you’re driving a very nice car and you’re even using a high end dating service. However, you know that complacency is the enemy. If you do not go out and work hard to maintain your success, it could fade. You want to keep making money in all possible avenues so that you can be more successful every year. If so, you should know about binary options trading.

Basically, this is a type of trading that works with the Forex, or foreign exchange, market. You can also trade with commodities, indices, and even stocks, but not as heavily. Most of it is centered around the exchange market, looking at the currency pairings and seeing how they move up or down in value when compared to one another. This is a multi-billion dollar industry, turning over far more money every year than the stock market, so you know that you can make money if you know what you’re doing. In fact, maybe you’re already active in forex trading. Read more of this post

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