There is no doubt that Bitcoin has reached a high point. In other words, it may be a bubble. It may turn out to be like the dotcom mania in the late twentieth century. Is that what is really going to happen?
Ian King says that Bitcoin can be likened to AOL, American Online. American Online created a revolution in the world. It allowed anyone to connect to the internet from a home computer and send emails instantly. AOL was the first in a whole chain of new companies that were created by innovative entrepreneurs who took their inspiration from AOL. Some of these worked out, and some did not. Pets.com was not the success it was thought to be, but Google and Amazon turned out to become the biggest companies in the world. According to Ian King, Bitcoin is forcing people to take a second look at how the financial market should operate and how banks and financial institutions should operate. There is no doubt that Bitcoin has led to other coins. Bitcoin no longer holds the majority of the cryptocurrency market. Bitcoin is causing companies to rethink their blockchain technology.
There are many other comparisons that can be made between the cryptocurrency industry and the dotcom mania. For example, ICOs and IPOs both are and were a central aspect of the manias.
Eventually, though, AOL went down. It purchased Time Warner, and the market peaked, but then it dropped. It is possible, says Ian King, that Bitcoin will see a similar drop. However, that does not mean that the cryptocurrency industry, in general, is doomed. Bitcoin has led the way for new ICOs to come out, and we just have to wait and see what survives and what does not.
Ian King also believes that the Bitcoin bubble still has room to grow. A drop does not mean anything. After the Bloody Sunday drop, prices rose again. As long as more and more people become interested in it, prices will rise again. Even if you do want to compare it to the dotcom mania, the fact is that the market cap of cryptocurrencies is far less than the dotcom industry was. It can still grow.
Ian King is the cryptocurrency expert at Banyan Hill Publishing. He has years of experience in the financial sector and in the stock market. Read:https://banyanhill.com/expert/ian-king/
Here is a little riddle, for the inquiring mind. What is old, new, and ever-changing at the same time? The answer; mankind’s reasons and ways for achieving individual and communal growth. And although this may sound like a silly little play on words, there is recent evidence in the worlds of business and technology that definitely support the claim. Fortunately for the general public, there are men and women who make a living out of knowing these reasons and predicting the resulting changes to come in more than one market.
One such man of wisdom is Jeff Yastine, and he knows a lot about a many number of things. One of his latest insights is in the field of regtech, which is a hybrid word from the joining of regulation and technology. It is a blanket term that includes many different forms modern-day advances from blockchaining to AI (Artificial Intelligence). And even though these are some of the hottest new services and products out on the technology market, they are basically doing something that had been a part of business since the first trade in commerce.
Their function is to cut the cost of production. How they new this is surely something of a sign of the times. They help to keep the costs down while doing business, by taking the hassle out of regulatory requirements when dealing with the government. That is not such a major headline. After all, businesses have been offering this service from a long time ago. Nearly every working US citizen can remember going to a “tax person” in their youth. Read more about Jeff Yastine at Bloomberg
Now a days, all a person has to really have is a handheld device and the required information. The deal can be done just pretty much painlessly. Again, this not the big news. What is the good new is that a lot of these companies are privately held and seem to be in phases of extreme growth. This could indicate an extreme boom potential, for those who has the right skill set, discipline and vision to carve out a market for themselves.
This is the type of good news and strong growth that Jeff Yastine has experience with and like to report about all the time. As editor of the Total Wealth Insider, since the year 2015, he does it all the time. His focus is centered around helping investor make the best decisions they can.
There is the promise of no unwanted interference from the government and the ability to move money privately and safely with bitcoin. It is being praised at the future’s currency. Ted Bauman has pinpointed a problem with the widespread use of bitcoin, it is unable to process massive amounts of transactions efficiently and quickly. Bauman uses The Bauman Letter to share monthly financial insights.
He used his monthly insight to ask people to think of a future with the general population more widely accepting of bitcoin. There are pitfalls when it comes to bitcoin even though it would be a positive development for its recognition to increase. The processing speed for bitcoin is slow and according to Ted Bauman, this could be the fatal flaw. Compared to credit cards which process thousands of transactions at the same time bitcoin can take up to forty minutes or longer when there are a lot of transactions to process.
While Bauman thinks the processing speed or lack of could cause people to turn away from bitcoin he did offer a solution. Processing speeds could increase drastically by increase data blocks or reducing the amount of data in each block. There are some miners of bitcoins who looked in using technology to move some data to another block but abandoned it when they realized it had security issues. Learn more at Crunchbase about Ted Bauman
Bitcoin Cash, a new cryptocurrency from the original bitcoin was developed after a new strategy for scalability was put into place. A hard fork strategy was initiated by miners of bitcoin which led to the creation of bitcoin cash. The new system put new transactions into blocks that were larger than the original. The goal was to increase the process of confirming transactions. There is promise with Bitcoin Cash and there is still potential for bitcoin, but Bauman is still rather skeptical.
Ted Bauman is accomplished and experienced as a fund manager, financial consultant, investor, and investor giving him unique qualifications to off the cryptocurrency sector innovative solutions to the challenges it faces. He had an excellent reputation in both international finance and business prior to becoming involved with bitcoin. Read more:https://seekingalpha.com/user/48547799/comments