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A Bitcoin Introduction For Financial Advisors | Private Advisor Group

A Bitcoin Introduction For Financial Advisors | Private Advisor Group

A Bitcoin Introduction for Financial Advisors | Private Advisor Group An Introduction to Bitcoin for Financial Advisors By: Guy Adami, Director, Advisor Advocacy Bitcoin has been in the news frequently these days, and a lot of advisors are interested in learning more about it, so we asked Brian Kelly to give us a primer. Kelly is founder and CEO of BKCM LLC , an investment firm focused on digital currencies. He is the portfolio manager of the BKCM Digital Asset Fund and is the author of The Bitcoin Big Bang: How Alternative Currencies Are About to Change the World. What is Bitcoin, how does it work, and how do we explain it to our clients? The simplest explanation for Bitcoin, says Kelly, is to think of it as software that automates much of what banks do. Financial transactions, like moving money around the world, can be done via this software system without involving a bank. That doesnt mean it is unregulated or nefarious. Its just new technology, like an app. Imagine if Google came up with a new app that allows you to send money around the world to anybody and that it was faster, better, and cheaper than the way we do it now. Bitcoin is like that. Where people get confused is in regard to Bitcoins economic incentive. Bitcoin doesnt have a salesforce. It is simply software running autonomously. It needs some kind of economic system to get people to run the software. That is where the token Bitcoin that we see being traded comes into place. To understand this better, lets dive deeper into how Bitcoin works and learn some of the Bitcoin jargon. Every ten minutes, all the transactions made on Bitcoin are bundled together. This is called a block of transactions. Those transactions go out to the network, like a broadcast. When you run the Bitcoin software, you are called a Continue reading >>

Ethereum Sets New Record; Bitcoin Price Moves Sideways

Ethereum Sets New Record; Bitcoin Price Moves Sideways

Ethereum Sets New Record; Bitcoin Price Moves Sideways By Rakesh Sharma | January 9, 2018 10:35 AM EST Even an apology by JPMorgan Chase Inc. ( JPM ) CEO Jamie Dimon was not enough to arrest a slide in bitcoins price. The price of a single bitcoin, which had rallied briefly to $15,348.90 earlier this morning, was trading at $14,446.46, down 3.50% from its price 24 hours ago, at 13:43 UTC. Dimon, who had earlier called bitcoin a fraud, said he regretted that characterization of the cryptocurrency at a healthcare conference organized by his company. He also said he was not interested in the subject at all. With the exception of ethereum, other cryptocurrencies in the top 10 most-traded list were down. Ethereum moved up to the second spot with a 7.3% jumpthat boosted its overall valuation to $117.7 billion. Its price also set a new record this morning by tradingabove $1,200. Reports have ascribed investorenthusiasm for the cryptocurrency to the doubling oftransaction rates on its networkto 10 per second. Earlier, its founderhad announced increased funding for research and development to further improve the network. Ripple (XFP), which slid to third place in the list, again led the decline, falling by 10.5% to trade at $2.24. It had a market cap of $87 billion at 14:07 UTC. TRON, which surged into the top 10 only last week, was not far behind with a 9.2% reduction in its price from 24 hours ago. The coin, which was started by a protege of Alibaba Group Holding Ltd. ( BABA ) chairman Jack Ma, was trading at $0.14, roughly half its value from a week ago. (See also: TRON Surges; EthereumTops $1,000 As Bitcoin Price Falls .) The overall market capitalization of cryptocurrencies was $710.2 billion, down 7.2% from $766 billion this morning. South Koreas Crackdown and Trons White Continue reading >>

Bitcoin: What It Is And Why You Should Be Cautious

Bitcoin: What It Is And Why You Should Be Cautious

Bitcoin: what it is and why you should be cautious How to view it within your overall portfolio, as an investment opportunity. /By Lisa Hudson-Peacock - Southwood Financial Planning Today I saw a smart young man in a brand new VW Golf. I mine bitcoins for profit let me show you how said the sticker on the side. Bitcoin is everywhere. Theres no escaping it: there are adverts on my mobile phone, on my computer, in magazines, and even flyers in my post-box. Everyones getting rich on bitcoins, except me it seems. Recently, we presented the basics of personal finance to Grade 7 pupils at a local primary school. In each of the four classes we were asked about bitcoin during the Q&A session. These 12- and 13-year-old children had no doubt learned of the riches to be made around the family braai or dinner table, but its hardly surprising that the topic had filtered all the way through to them: the return from trough to peak last year was a staggering 1 750%, a mythical ten-bagger. It is a truism that by the time an investment is widely discussed in suburbia most of the return has already been made. We buy anyway because the price is still going up and we want some of the action that everyone else is enjoying. The fear of missing out is mixed with a touch of greed and a sprinkle of excitement the perfect recipe for speculation. What is bitcoin? It is a cryptocurrency, a virtual currency that exists within a secure, very complex, numerical framework. Bitcoins may be purchased for cash on various trading platforms. Owners possess an encrypted security code or key in a virtual wallet on their computer or mobile phone. Transferring ownership of the key between virtual wallets also transfers the value of the bitcoin. The key is sufficiently complex for it to be, for all intents and Continue reading >>

The Bitcoin Investment Opportunity | Oppenheimerfunds

The Bitcoin Investment Opportunity | Oppenheimerfunds

Cryptocurrencies like Bitcoin have drawn headlines and significant investor interest. In the last year, the price of a Bitcoin increased from $1,000 to $13,700, and rose 300% between August and the end of the year alone. But is Bitcoin and its underlying technology, Blockchain, a legitimate investment opportunity or a speculative bubble heading for a crash? Below, and in the accompanying white paper , we offer insight into the trend and technology behind cryptocurrencies, and the risks and opportunity of investing in Bitcoin. Bitcoin, the first cryptocurrency, was invented in the depths of the financial crisis to replace the banking system. Its anonymous inventor, known as Satoshi Nakamoto, offered up a technologists approach to the banking system: Take something fragile, inefficient, and far too large, and disrupt it. The idea behind Blockchain, the technology that supports Bitcoin, is to create a ledger of transactions as private as the banking system but also as public as the Internet. In the Blockchain, financial transactions are recorded and confirmed anonymously, but are viewable by the public in the form of a distributed ledger of every Bitcoin transaction. The Blockchain was designed to discourage hackers by making any effort to break the chain less valuable than contributing to it, thus forming trust with the user base. Like gold, Bitcoins are mined and the supply of them is finite. Miners earn Bitcoins for contributing computing power to the Blockchain network to verify that transactions are accurate in the system. As more Bitcoin is mined, more transactions require verification, and less Bitcoin is awarded for each successful verified transaction. Electricity is a large input cost for Blockchain (it uses more energy annually than Denmark), which makes it cos Continue reading >>

Bitcoinadvisors

Bitcoinadvisors

The information on this website does not constitute investment or financial advice. Any information, material or commentary,communicated, either through a representation, verbal and or written, either personally or in private by a representative of Bitcoin Advisors Pty Ltd, including articles and or statements communicated via social media channels,is intended to provide general information only. Information contained on this website has been obtained from sources believed to be reliable, but Bitcoin Advisors Pty Ltd makes no representation as it its accuracy or completeness. Before acting on any information contained on this website, each person should consider its appropriateness having regard to their own or theclients individual objectives, financial situation,riskand needs. You should obtainindependenttaxation, financial, legaland personaladvice relating to this information and consider it carefully before making any decision or recommendation. Cryptocurrencies represent an exciting future that seeks to disruptthe financial sector. Blockchain technology will deliver an exciting power shift that will serve generations to come. It is widely recognised that Cryptocurrencies represent a new asset class. They are uncorrelated to any other asset class and therefore offerthe opportunity to instantly diversify an investment portfolio. In addition, they have delivered consistently high returns for a number of years and are widely being recognised as an essential investment. The landscape is still very young, and there are many errors that investors are making that are placing their investment at risk We provide guidance with the investment process to ensurethat your investmentin cryptocurrencies is a secure and rewarding one. Continue reading >>

Bitcoin 101 | A Different Kind Of Financial Advisor

Bitcoin 101 | A Different Kind Of Financial Advisor

If you look up currency in Merriam-Webster, you will find it defined as the money that a country uses and the quality or state of being used or accepted by many people. Recent news stories involving a new form of currency, bitcoin, have sparked the interest of many individuals. Bitcoin has emerged as a digital currency that exists virtually. It is a cryptocurrency which uses cryptography to manage the creation of units, administer use, and provide security. Bitcoins are mined by solving complex mathematical problems. Ownership of bitcoins is anonymous. Bitcoin is different than the currency we use in three fundamental ways. Bitcoin operates without a central authority (e.g., a central bank). The currency is managed by a peer-to-peer technology that is responsible for all functions, including issuance, transaction processing, and verification. Unlike the national currencies, bitcoin exists primarily as a digital currency, though bitcoin can be made available in physical form, if desired. The number of bitcoins is limited to 21 million. New bitcoins are created at a rate of 25 every 10 minutes (a rate which is reduced by 50% every four years). Bitcoins can be purchased on a bitcoin currency exchange and transferred to a digital bitcoin wallet. It should be noted that bitcoins have been subject to sharp and rapid changes in value, rendering their value highly unpredictable at any given time. Its commitment to a limited production is fundamental to its objective of retaining value, unlike other national currencies, which may be devalued by printing excess supply to meet economic and political ends. Once you have a bitcoin balance, you may begin to purchase goods or services from providers who accept them. However, bitcoin has limited acceptance, though it has found some ap Continue reading >>

Stop Focusing On Bitcoin Price - Former Clinton Advisor

Stop Focusing On Bitcoin Price - Former Clinton Advisor

Stop Focusing on Bitcoin Price - Former Clinton Advisor Former Clinton Economic Advisor Glenn Hutchins says people should stop focusing on Bitcoin price. Due to the amazing growth in value, Bitcoin has forced its way into the minds of regular people all around the world, even though it has been in existence since 2009. Steady growth in value led to widespread coverage by mainstream media, with a highlight on Bitcoin price. Some governments and banks wanted nothing to do with it, while a number of stock analysts and financial institutions recognized the growth and set about establishing themselves in the expanding market. Nevertheless, the preeminent cryptocurrency is still the largest by individual market capitalization , but look back nine years and its value in comparison to the dollar was not even considered. It boggles the mind to think that in 2010, Programmer Laszlo Hanyecz ordered two pizzas with 10,000 Bitcoin in what has been immortalized as Bitcoin Pizza Day . This is a prime example of how the perception of Bitcoin has changed over the years, alongside its value. Co-founder of equity firm Silver Lake Partners Glenn Hutchins is no stranger to economic policy, having served as an advisor to the Clinton Administration in the early 1990s. His firm has holdings in a number of technology companies like data storage giants Seagate. With a wealth of knowledge in both the technology and financial world, Hutchins insists that people around the world have become fixated on Bitcoin price, instead of its underlying technology. Speaking to Financial Times , Hutchins says investors need to look at companies that are moving forward in the IT space, looking to develop Blockchain technology. Its the biggest opportunity Ive seen because the two most important things are busine Continue reading >>

Bitcoin And Your Investment Portfolio

Bitcoin And Your Investment Portfolio

Bitcoin hit the $400 price in November 2015 something it hadnt done in a year. Word of bitcoin was reaching the more mainstream financial publications at that time. An article from Bloomberg reported on this price increase in positive terms rarely seen from a leading mainstream financial publication. It stated, "Bitcoin is on a roll. Earlier this week we pointed out that the virtual currency was on a massive winning streak. It's up nearly 40 percent in the last three days." The Bloombergarticlenoted that analyst Gil Luria of Wedbush Securities wrote the following to clients earlier in 2014: We believe bitcoin and its associated blockchain technology have thepotential to disrupt the existing financial infrastructure over the next fewyears. We believe the value of the bitcoin currency (BTC) will benefit from thistrend and therefore are initiating coverage of GBTC with an OUTPERFORMrating and $40 price target." At the same time in November of 2015, Paul Vigna ofThe Wall Street Journalwrote in his column , "The price of bitcoin is surging, crossing back over the $400 mark for the first time since last November, amid a burst of trading activity and a surge in interest in the technology underlying the cryptocurrency. Bitcoin reached a high of $768 in June, 2016, and GBTC climbed to a high of $135 around the same time. Then bitcoin hit a very volatile period as a recent hack of a bitcoin exchange drove prices down. This is indicative of the asset, which is clearly not for the meek and conservative. But is it even something that an investor should consider? Bitcoin is most commonly referred to as a digital currency. Its not a physical instrument, but just as physical instruments such as dollars and coins can be used, it can function in its digital form as a currency to pay for Continue reading >>

Bitcoin Advisor (@bitcoin_advisor) | Twitter

Bitcoin Advisor (@bitcoin_advisor) | Twitter

Pending Pending follow request from @bitcoin_advisor Cancel Cancel your follow request to @bitcoin_advisor New! News and commentary on regulatory developments in virtual/digital currency, Bitcoins, and related matters. Stay ... current? A Are you sure you want to view these Tweets? Viewing Tweets won't unblock @bitcoin_advisor Data Privacy + Cybersecurity Insider - May 2018 #1 Thanks. Twitter will use this to make your timeline better. Undo Federal court opinion could impact CFTC proposed guidance on retail commodity transactions in virtual currency Thanks. Twitter will use this to make your timeline better. Undo OFAC Issues Cryptocurrency Compliance Guidance Thanks. Twitter will use this to make your timeline better. Undo Bezop Cryptocurrency Investors Personal Information Exposed Thanks. Twitter will use this to make your timeline better. Undo The NYAGs Virtual Markets Integrity Initiative and Transparency of Cryptocurrency Exchanges Thanks. Twitter will use this to make your timeline better. Undo New Yorks AG Enters the Cryptocurrency Ring as Federal, State Authorities Find Regulatory Footing Thanks. Twitter will use this to make your timeline better. Undo Thanks. Twitter will use this to make your timeline better. Undo Banking & Financial Services E-Note - April 2018 Thanks. Twitter will use this to make your timeline better. Undo Data Privacy + Cybersecurity Insider - April 2018 #4 Thanks. Twitter will use this to make your timeline better. Undo Your Daily Dose of Financial News Thanks. Twitter will use this to make your timeline better. Undo Orrick's Financial Industry Week In Review Thanks. Twitter will use this to make your timeline better. Undo Considerations In Estate Planning For Bitcoin, Ethereum, And Other Crypto-Currencies Thanks. Twitter will use this to Continue reading >>

Financial Advisor Iq - Why Bitcoin Millionaires Arent Going To Traditional Fas

Financial Advisor Iq - Why Bitcoin Millionaires Arent Going To Traditional Fas

Why Bitcoin Millionaires Arent Going to Traditional FAs Financial advisors hoping to gain new business from early investors in cryptocurrencies are in for a rude awakening. People whove become wealthy through bitcoin and other digital currencies arent interested in traditional wealth management and may even revolutionize the industry from the outside, TechCrunch writes. Rather than go to traditional financial advisors, the crypto-wealthy reinvest in blockchain or other startups, Ben Jorgensen, the chief operating officer of blockchain microservice provider Constellation, tells the web publication. Individuals are forming strong syndicates that share deal flow much like the venture world, he tells TechCrunch. Nonetheless, some early investors in cryptocurrency are looking to cash in at least some of their profits, particularly given the volatile nature of digital currencies in recent months, the web publication writes. Lorraine Fox, a principal with the San Francisco-based wealth management firm Aspiriant , tells TechCrunch her firm is getting more and more inquiries from people wanting to lock in some gains in their cryptocurrency investments. But most of these people arent new clients, she says; rather, theyre existing clients who recognize the speculative and unregulated nature of cryptocurrencies, according to the web publication. Bitcoin rose from $830 to $19,300 in 2017, plunged below $6,000 last week and climbed back up to $8,000, TechCrunch writes. However, some people tell Fox theyre not ready to cash out because they think bitcoins price will reach $100,000, according to the web publication. I tell them, Go knock yourself out, she tells TechCrunch. Stephen Goldbart, a Bay Area psychologist, tells TechCrunch that these cryptomillionaires are trying to shift the Continue reading >>

Bitcoin: What Does 2018 Hold In Store?

Bitcoin: What Does 2018 Hold In Store?

By Rakesh Sharma | January 6, 2018 6:30 PM EST How Coinfloor's Bitcoin Futures Differ from CME, CBOE The cryptocurrency graduated from outsider status to becoming part of mainstream conversation as its volatile price trajectory, scandals, and promise crafted an exciting growth story. By the end of 2017, bitcoin futures had begun trading at prominent exchanges, such as CME and CBOE , and governments around the world were considering regulation for the cryptocurrency. If bitcoins enthusiasts are to be believed, 2018 will be another stellar year. To make their point, they cite price predictions by experts and analysts. But it is difficult to take those predictions at face value. This is because bitcoin is unlike other fiat currencies. In addition to the economics of supply and demand, technological innovations and government regulation also play a significant role in determining its price movements. With those caveats in mind, here is a brief list of factors that might influence its price in the coming year. High transaction fees regularly cropped up as a countervailing narrative to bitcoins growth story in 2017. The SegWit hard fork, which increased the size of blocks on bitcoins blockchain, was expected to speed up numbers of transactions and lower their fees. Out of the 156 companies that have signed up for activating SegWit since its inception, only 17 have implemented it so far. Per recent statistics , SegWit constitutes only 10% of all bitcoin transactions. Their reasons are a complex set: from the difficulty of implementing security and technology upgrades for the hard fork to the fact that SegWit is relatively untested within bitcoins ecosystem. In the meanwhile, the backlog of transactions and fees on bitcoins blockchain continue to climb. Bitcoins core developme Continue reading >>

Crypto This Week: Bitcoin Price Plunged Below $8,000

Crypto This Week: Bitcoin Price Plunged Below $8,000

Crypto This Week: Bitcoin Price Plunged Below $8,000 By Nathan Reiff | February 2, 2018 12:00 PM EST A Cryptocurrency Derivatives Boom Might Be On Its Way By midday EST on Friday, cryptocurrencies had broadly failed to recover losses incurred throughout the week. In fact, nearly all of the top 20 cryptocurrencies by market cap suffered additional losses as the weekend looms. Most notable of all is bitcoin: the price of one bitcoin dropped below $8,000 for the first time since November 24, reaching a low of $7,695.10 early Friday morning. By a few hours later, bitcoin's price had recovered most of the losses of the previous day. As of 4:25 p.m. UTC, BTC was valued at $8,931.56. Nonetheless, this still represents a 24-hour loss of 3.31% as compared with Thursday's value at this time. For ethereum, the losses keep piling up as well. ETH dropped by 12.57% from Thursday's value at 4:25 p.m UTC, settling at $939.49. Like bitcoin and other cryptocurrencies, ethereum has likely seen its pricedrop because of concern among global regulators. In bitcoin's case, there is growing concern that the price of BTC has been propped up by Bitfinex, a popular digital currency exchange.Bitfinex has been subpoenaed by the U.S. Commodity Futures Trading Commission for its potential activity, Bloomberg reported . (See more: Tether and Bitfinex Crypto Companies Subpoenaed by U.S. Regulators .) Adding to the trouble is the ongoing uncertainty over the future of cryptocurrencies in India, where Finance Minister Arun Jaitley has cautioned that criminal activity associated with digital currencies would be "eliminate[d]," according to CNBC . Ripple, the third largest digital currency by market cap, has fallen back below $1 per token. XRP sustained losses of 10.91% over the previous 24 hours, resulti Continue reading >>

Can I Still Get Rich With Bitcoin? - Tech Advisor

Can I Still Get Rich With Bitcoin? - Tech Advisor

Bitcoin has become a household name over the past few years and made a select few people extremely wealthy just for buying at the correct time. Can Bitcoin still make you rich? The most popular cryptocurrency in the world has taken a downturn, is this the time to buy? The price of Bitcoin has been suffering since the start of the year, and with Lloyds Bank banning their credit card users from buying cryptocurrency and China tightening their rules around cryptocurrency in general , its no great surprise that the crypto market is shrinking. Cryptocurrency has always been a turbulent ride for investors, and with the market and the technology its based on still being in their infancy, it can be an intimidating arena to step into. Interested in some alternative cryptocurrencies? Check out our 10 coins to watch in 2018. While Im certainly not a financial advisor and wont give you investing advice, what I can offer you is some information. After going through a very strong upwards trend at the end of last year, the cryptocurrency market as a whole is currently seeing a large correction. This could be the end of the cryptocurrency bubble, as some level of reconciliation between the intrinsic value and market value seems to be taking place across the market. The golden rule of trading being buy low, sell high sounds simple enough to understand and also walks hand-in-hand with Warren Buffetts famous quote: We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. This is all fine and dandy, as Bitcoin has gone below its 200 day moving average its cheaper (relatively) than it has been for a long time, and people are certainly fearful at the moment. This makes prime buying conditions, assuming you think you know the answer to the followi Continue reading >>

Gabi Global Advisors

Gabi Global Advisors

The following important information relates to the use of Global Advisors (Jersey) Limited (GAJL) website. Please read it and acknowledge your acceptance before accessing this website. GAJL is authorized and regulated by the Jersey Financial Services Commission in the conduct of investment business and fund services business. GAJL is registered as a commodity-trading advisor, operating pursuant to a CFTC regulation article 4.7, with the Commodities Futures Trading Commission and a member of the National Futures Association. (No. 0405699). GAJL is a registered company (No. 102184) with its trading office at Forum 3, Green Street, St Hlier, Jersey, JE24UF, Channel Islands. This website is directed only at persons who: a) Are expert investors who fall within the definition of Expert Investors published by the Jersey Financial Services Commission b) Are otherwise permitted to view this website in compliance with the governing laws of their respective jurisdiction. It is not directed at or intended for retail clients. Any person considering an investment into any of GAJLs products must ensure that they are suitably qualified, experienced and knowledgeable on such investments considering jurisdictional rules, regulations and restrictions, tax implications, residence or domicile and their financial circumstances. Past performance is not a guide to what may happen in the future. Prospective investors should be aware that the value of their investments could fall as well as rise. Any investment carries the risk of potential loss of capital and investors may not get back the value of their original investment. Information on this website may include data and opinions derived from third parties sources, GAJL does not accept liability for the accuracy or completeness of any such i Continue reading >>

Financial Advisor Iq - Merrill Not Alone In Banning Bitcoin Trading

Financial Advisor Iq - Merrill Not Alone In Banning Bitcoin Trading

Merrill Not Alone in Banning Bitcoin Trading Merrill Lynch isnt the only brokerage that prohibits its advisors and clients from trading in Bitcoin and its derivatives, but several large firms, including rival Morgan Stanley , are looking into allowing trading in Bitcoin futures, Investopedia writes. Merrill Lynch banned trading in the over-the-counter Grayscale Investment Trust Bitcoin fund firmwide in December, extending a ban that already applied to Bitcoin futures. The wirehouse does allow customers in brokerage accounts to keep existing positions in the Grayscale fund, but not clients in fee-based accounts. Wells Fargo & Co., the Royal Bank of Canada and Morgan Stanley have similar bans on products tied to cryptocurrencies, according to Investopedia. UBS Group AG opted against offering Bitcoin products citing their high transaction fees and volatility, the financial terms website writes. Large financial firms are reluctant to allow clients to trade Bitcoin because of lack of regulation in the markets and high volatility, Investopedia writes. But clients with high risk tolerance could be attracted to such volatility, according to the website. And the rollout of Bitcoin futures contracts has brought a semblance of regulation to the product, Investopedia claims. TD Ameritrade already allows Bitcoin futures trading. Goldman Sachs , meanwhile, is setting up a cryptocurrency trading desk, according to Bloomberg. And even Morgan Stanley is reportedly looking into allowing Bitcoin futures trading for its wealth management clients, Investopedia writes. Continue reading >>

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