CryptoCoinsInfoClub.com

Bitcoin Financial Advisor

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 >>

Financial Professionals Share Their Opinions On Bitcoin

Financial Professionals Share Their Opinions On Bitcoin

Financial Professionals Share Their Opinions on Bitcoin Financial Professionals Share Their Opinions on Bitcoin Bitcoin is a new virtual currency that is causing much controversy in the financial realm. According to Bitcoin.org, "Bitcoin is an innovative payment network and a new kind of money... Bitcoin uses peer-to-peer technology to operate with no central authority or banks." While some see great value and possibilities in Bitcoin, others are very much opposed to this unprecedented currency. We wanted to hear what the financial professionals had to say, so we asked them to weigh in regarding their thoughts and opinions on Bitcoin. The Bitcoin protocol has immense intrinsic value as a self-regulating frictionless payment network affordable to almost anyone. Here is a technology that allows anyone to send any amount of money to anyone else in the world at virtually no cost with nothing more than an Internet connection or smart phone. Bitcoin, like the Internet, is one of those innovations that can break down barriers; information barriers in the case of the Internet, and financial barriers with Bitcoin. Through rose-tinted glasses, Bitcoin can do no wrong. It is a currency that is free of central bank control, is decentralized, and it has proven that it can serve as a store of value for people who lose trust in their national currency (Greece, for example). However, the supply of every currency is controlled by some function, and in the case of the Bitcoin it is through the process known as "mining." In layman's terms, Bitcoin mining is the only way to introduce new currency to the marketplace, and it is performed by "miners" who use expensive software to solve math problems in exchange for the currency. While the sheer difficulty of mining assures Bitcoin users that Continue reading >>

Merrill Lynch Blocks Bitcoin Amid Fear That The Bubble Could Pop

Merrill Lynch Blocks Bitcoin Amid Fear That The Bubble Could Pop

In what may be a prudent move, Merrill Lynch has barred customers and financial advisers who make transactions for them from buying bitcoin. Thats bound to disappoint some customers: Bitcoins price climbed 14-fold in 2017. Individual retail traders are flooding apps that make it easy to buy and sell things like ethereum or bitcoin. Coinbase, one of the biggest US crypto exchanges, is Apples No. 2 finance app, with more than 440,000 ratings. MyMerrill for iPhone comes in at No. 199, with 49 ratings. These exciting days for cryptocurrency exchanges recall the dot-com fever, when day traders betting on tech stocks swarmed online brokerages like E*Tradea firm that helped fuel the euphoria and was humbled by the collapse. The companys stock price climbed to more than $550 a share before the bubble popped. Its stock trades at about $50 after climbing 40% in the last year. Bitcoin and its cousins are an enormous opportunity for brokers and financial advisers to win over a new generation of traders and ordinary investors. More people now understand that beating the stock and bond markets is nearly impossible, so are instead sinking savings into low cost exchange-traded funds , depriving some brokers of trading commissions. Some Merrill brokers were disheartened to miss out on the bitcoin enthusiasm, while others acknowledged it may not be worth the risks, according to the Wall Street Journal (paywall), which first reported Merrills decision. Goldman Sachs is starting a trading desk for digital assets, according to Bloomberg . For Cboe Holdings and CME Group, which operate derivatives markets, bitcoin is a chance to sell new retail customers on futures, which allow investors to speculate on asset prices at a later date. Merrill Lynch, the brokerage unit of Bank of America, does Continue reading >>

Does Your Financial Advisor Speak Crypto?

Does Your Financial Advisor Speak Crypto?

Does Your Financial Advisor Speak Crypto? By Pam Krueger | Updated February 21, 2018 11:31 AM EST [OPINION: The views expressed by Investopedia columnists are those of the author and do not necessarily reflect the views of the website.] Its pretty much impossible to avoid almost daily headlines declaring that Bitcoin is the gold of the new world of digital assets.Nobody wants to miss out on a gold rush, but Bitcoin isnt gold, and neither are brand-new cryptocurrencies such as Ethereum and Ripple (technically called XRP).However, similar to gold mining, Crypto mining involves expending energy toacquire something that has finite availability. At last count, there were about 1,400 cryptocurrencies that facilitate peer-to-peertransfers of data and value.Where does this leave the individual who believes in the future of these crypto-assets but cant figure out how to invest in them? Thats the question a lot of people were asking in 1999 during the height of the dotcom mania. There are many factors to consider and plenty of good articles to educate yourself about the technology behind Bitcoin . But who can advise you on whether to buy in? Dont expect any Bitcoin buy, hold or sell recommendations from your investment advisor. Even among investment advisors who like so-called "alternative assets" that tend to move independently of the S&P 500, you'll be hard-pressed to find a financial advisor willing to suggest putting a chunk of your portfolio into any of the cryptocurrencies. Most wealth managers are steering clear because they mostly see this rush as just another new fad in the financial space that has to play itself out before there can be any real guidance. With Bitcoin now up more than five times from how it was valued just one year ago, plenty of individual investors wa Continue reading >>

Satire: How To Buy Bitcoinadvice From Your Trusted Financial Adviser | Fortune

Satire: How To Buy Bitcoinadvice From Your Trusted Financial Adviser | Fortune

How To Buy BitcoinAdvice From Your Trusted Financial Adviser How To Buy BitcoinAdvice From Your Trusted Financial Adviser Hello, 21st century investor! As you wandered among office holiday parties this season you may have heard some people discussing Bitcoin. You want to get in on it, but you dont know how. Well Im happy to help. As a well-informed commerce-haver and informal financial adviser who recently spent the past couple of days performing top-level Internet research on so-called crypt-o-currency at my local library, I can walk you through everything you need to know about Bitcoin and how to get rich. Bitcoin is a complicated digital currency that many people dont fully understand, not even me, which is why youre going to need a computer with Internet access so you can do lots of Google searches for things like what is Bitcoin and how do I buy Bitcoin and who do I sue if I lose all my money to Bitcoin. But, youll also need a computer to buy the Bitcoin, through something called a currency exchange. So you need a computer to do it, and a computer to help you figure out how to do it. This is called a Catch-22. I think. I would look up what that means but I dont own a computer at the moment. One Bitcoin is worth about $19,000. Thats about 19 times what I charge for an hour of professional financial advice. (Dont worry, Im not charging you to read this! Only if you get all the way to the end.) So what do you do if you dont have $19,000 but you still want to buy Bitcoin? This is a question I get all the time, and the answer is surprisingly simple: ask your family for money. The holidays are a great time to do this, because people are in good spirits and usually drunk, and theyre willing to say yes to all sorts of things. I save all my big asks for Christmas Day. Plan 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 >>

What Financial Advisers Say About Investing In Bitcoin

What Financial Advisers Say About Investing In Bitcoin

What financial advisers say about investing in bitcoin Despite the temptation, the market and regulatory risks are too great A man walks past a display cabinet containing models of Bitcoins in Hong Kong in August 2016. Bitcoin has a history of price swings related to security breaches, hacking and regulatory scrutiny and action. Is now the time for individual investors to put some money in bitcoin? Its a question that financial advisers increasingly hear these days. With bitcoin up more than fourfold this year and a series of high-profile initial coin offerings raising more than $2 billion in total, according to CoinDesks ICO Tracker, the number of investors interested in digital currencies has been picking up, wealth-management professionals say. Earlier this week, bitcoin was trading at more than $4,880.40 after ending 2016 at around $968, according to CoinDesk. Yet advisers for the most part dont recommend investing in digital currency or in the few investments vehicles that have cropped up. There are a number of market and regulatory risks inherent in trading cryptocurrencies. Bitcoin and similar digital currencies may offer investment opportunity in the future, advisers say, but for now they remain speculative bets that investors should be wary of or avoid altogether. While the potential upside is alluring, the significant risk of loss is incompatible with prudent investing for long-term goals like college savings, buying a home or retirement, says Julie Ford, founder of Ford Financial Solutions in New York. Ford says she had a 45-year-old client recently come to her with a plan to liquidate a majority of her retirement savings and invest the proceeds, after taxes and penalties, in bitcoin. Risking anything above a trivial amount in cryptocurrencies isnt advisable 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 >>

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 >>

One Financial Advisor's Bitcoin Journey

One Financial Advisor's Bitcoin Journey

Boneparth, a bitcoin miner, hasn't advised clients on cryptocurrency investments because of regulatory scrutiny and a desire to not let his personal experience influence their decisions. The lesson he is willing to share is that he regards such investments as entertainment, and experimenting with money that he can afford to lose. The same breakdown between risk and reward that could plague any investor apply to cryptocurrencies. By now, even your grandmother probably knows what a bitcoin is. If that's not a sign of something going mainstream, I don't know what is. As a financial advisor, I've found it interesting these past months to talk about bitcoin in a professional setting. When I do, I always explain that, no matter how exciting the "crypto-hysteria" may seem, it is speculative. Ultimately, one must remember the intimate relationship between risk and reward. Ignore it, and you could find yourself disappointed or, even worse, broke. Most of my clients don't know this, but I've personally owned bitcoin since 2014. My stash sits securely in my digital wallet, untouched since the day it was deposited there. Back then, I split the cost of a glorified computer called a "miner" with a childhood friend, and this machine generated us a finite amount of digital money. So long before your grandma knew what a bitcoin was, I've been riding this roller coaster. Don't put all your financial eggs in one investment basket However, I've been keeping mum about my position in bitcoin for two reasons. First and foremost, from both an advisory and compliance standpoint, this subject is under strict regulatory scrutiny; it's a bad look in either department to rant and rave about speculative trends. Second, I had not quite figured out how to use my bitcoin experience in a way that would Continue reading >>

Advisors And Buffett Agree: Dont Waste Hard-earned Cash On Bitcoin

Advisors And Buffett Agree: Dont Waste Hard-earned Cash On Bitcoin

Don't put all your financial eggs in one investment basket "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending," Buffett, the chairman and CEO of Berkshire Hathaway, told CNBC. Buffett said he would not take a short position on bitcoin futures. "We don't own any; we're not short any; we'll never have a position in them," he said. We spoke with several members of the CNBC Digital Financial Advisor Council and had them weigh in on the cryptocurrency craze and the investment opportunity with blockchain technology. "It's the wild, wild west," said Ron Carson, founder and CEO of Carson Wealth Management Group. "But trying to pick a cryptocurrency today is a fool's game. Unless you're in gambling mode, I wouldn't put any money into cryptocurrency right now." Get this delivered to your inbox, and more info about about our products and service. Privacy Policy . However, Carson does see opportunity in blockchain technology. "Blockchain will enable peer-to-peer exchange of value and services. This thing is real," he said. "It's going to transform our economy." Cathy Curtis, founder and owner of Curtis Financial Planning, and Carolyn McClanahan, founder and director of financial planning at Life Planning Partners, are both hearing from clients about bitcoin investing opportunities. "I do speak with clients about cryptocurrency and bitcoin," Curtis said. "It seems to be sort of a generational thing. "Right now I'm saying, 'If you want to dabble in it, go ahead,'" she added. "But I don't see the value in it." "Our clients ask us about bitcoin more out of a curiosity; they are generally not risk seekers." -Carolyn McClanahan, director of financial planning at Life Planning Partners While Curtis admits she doesn't see a real p 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 >>

Should You Invest In Bitcoin? - Business Insider

Should You Invest In Bitcoin? - Business Insider

A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Bitcoin has been soaring in value at times, but crashing at others. Lauren Lyons Cole, a certified financial planner and senior editor at Business Insider, explains the risks of investing in cryptocurrency. Following is a full transcript of the video. Lauren Lyons Cole: I'm Lauren Lyons Cole. I'm a certified financial planner and a senior editor here at Business Insider. Bitcoin isn't new, but in 2017 it was all the rage. Starting out in January around a $1,000 and climbing to $20,000 in one year is enough to make anyone take a second glance at bitcoin. But here's the thing about bitcoin, it reveals a very basic investing principle that we all fall prey to and that's that investors tend to be irrational. When bitcoin is sailing high, everyone wants to buy in. But as soon as it starts crashing, people freak out and they start selling. Successful investors buy low and sell high, but our natural instinct is to feel more comfortable buying when things are good and more comfortable selling when things are bad. If you're new to the bitcoin craze and you're thinking about investing, the first thing you have to do is figure out what it is. If you can't explain what bitcoin is to your mom or your neighbor and why you're investing in it and why you think it's a good investment, then it's too soon for you to put your money in. But with an investment like bitcoin, no one really knows where it's going to go. It could go to $150,000. But it could also go to zero. It's a highly risky and speculative investment. When you're investing in the stock market, it's a little bit easier to - it's still not easy, 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 >>

Should I Invest In Bitcoin? | Financial Planning

Should I Invest In Bitcoin? | Financial Planning

Bitcoin has been on a wild ride, and it has taken me along with it. After starting out the year below $1,000, the cryptocurrency just hit the $11,000 mark. A couple months ago, I had enjoyed only three days of that upward climb, but Im glad I got out of the currency when I did. The idea of making quick money was exciting, but when it actually worked, I was scared senseless. Heres what happened. In September, Chinas bitcoin exchanges halted local trading, causing the price of bitcoin to drop almost 25% in value over the course of just two weeks. When the initial news from China was announced, it had pricked my ears. Bitcoin had been going up for a period of time, but then had suffered a quick decline. In my limited knowledge, I thought I could make a prudent investment as I guessed this was going to be a quick blip in this cryptocurrencys history. I took several thousand dollars from my savings account and invested it in bitcoin using the Coinbase app. It only took a weekend of insane returns a 780% annualized return for me to realize that this was a very bad idea, indeed. I was making money hand-over-fist, and I couldnt sleep. The idea of making quick money was exciting, but when it actually worked, I was scared senseless. It showed me the difference between appropriate investing and wild speculation. It only took me three days to take my money out again and put it in my savings account. I made a few hundred dollars, but after going through the process, I swore off investing in something I dont truly understand. If I had left my money alone, I would have made thousands of dollars by this point, but most likely would have been a nervous wreck. And Im one of the lucky ones I made money during this period. If I would have lost money, I would have been angry at myself. Inv Continue reading >>

More in ethereum