I hope all of you are doing well and that you are in good health. Last year was just the beginning of the crypto Boom and today we are about to showcase how 2018 will change the world of Trading forever.
Personally, I am an advocate of scepticism but and did not believe in Bitcoin till 2014 and thereafter I took a serious liking to a market that seemed like it had no choice but to grow.
Cryptocurrencies are a phenomenal opportunity which, as a trader or investor, you won’t see twice in a lifetime. Never has a market shown such possibilities to make profits, Bitcoin alone this year has climbed 1432.95%, which isn’t the biggest gains seen in the markets by far.
Typically, across the whole Cryptocurrency Market, you can see over 100% returns each week on many coins. There are a number of sides to Cryptocurrency Market.
- You can trade and invest in Cryptocurrencies.
- You can use Cryptos to purchase goods or services worldwide.
- You can invest in some mining hardware and begin mining coins.
There are a lot of individuals who are completely new to cryptocurrencies and have not got a clue on how to get started and that’s where Platinum Crypto Academy comes in. To cut though all the jargon and make you successful on your crypto Journey.
Today through this blog I want to give you a basic understanding of cryptocurrencies courses and then would like to invite you all to Platinum Crypto Academy for a one to one session and discuss further how we can help you start making substantial gains from cryptocurrencies within 5 HOURS!
Who is this Consultation for?
Anybody brand new or interested in the Crypto-Market
Those who want to understand this lucrative industry
A purchaser of Bitcoin looking to also purchase Alt-Coins (other Crypto’s)
Experienced Crypto-Traders that are looking to improve their portfolio
Crypto Traders that are profitable, but not consistent
What will this Consultation cover?
Any questions you may have about the Crypto-Industry
An overview of the Crypto-Economy & Market Caps
Tips on how to get started and what to look out for
How to enforce successful risk management techniques
Live trades on portfolios worth over £100,000 first-hand
How will this benefit you?
Gain further clarity on the World of Cryptocurrencies
Understand the mechanisms that drive Crypto-Prices
Gain the ability to spot potential Trade Opportunities
Understand how to keep risks low, and reap high rewards
See the potential to earn money from Cryptocurrencies
How Cryptocurrencies has changed the world
What banks have started to acknowledge Crypto currencies?
When I say this, it may not come as a shock to you due to the scepticism shown by the mass market towards the terms Bitcoin and Block chain in the last 5 years the underlying solution provision has been forgotten. Its real potential only started to come to light in 2016 March.
Back in 2010 the technology was slated by some of the largest financial institutions that today have accepted that this is actually the way forward and the belief has increased almost a 100-fold due to the benefits over the closed database systems. Blockchain the protocol that manages and facilitates the exchange of bitcoin has now become a transposable model of acceptance.
Big financial players have begun to come forward by discussing experiments with the bitcoin blockchain and other decentralized ledgers.
Below are just a few of the Largest Financial Intuitions that have accepted blockchain technology as a part of their development programme.
UBS announced in February 2015 that it was opening a lab for research into block chain technology. The idea for UBS was simple and this was to innovate from the traditional banking concepts and decrease the gap between banking and fintech
Oliver Bussmann the CIO of UBS had written a publication post this event about benefits of adoption of blockchain technology which yet again gives us confidence about Institutional adoption.
Being one of the Top 5 Banks of the world how can CITI Bank Be left out. CITI COIN as the name suggests has been under development since July 2015 and they have been exploring and built three blockchains of its own. Citi had submitted this request via a FOI which is a freedom of information request to the uk government to create its own currency coin. There are some very big rumours this year of announcements of phase one of release so watch this space.
If you are involved in the financial sector, then sure you would recognise that French bank BNP Paribas is now in the process of setting up a crypto currency fund and is going to also be adding Bitcoin to its existing currency funds according to the Financial Times.
Barclays in January 2017 started making a big move into the blockchain technology and was one of the most secretive players that came to the forefront early last year. The bank signed off on a proof-of-concept following an agreement with Safello, a Sweden-based bitcoin exchange.
The experimental phase is over as reported by Usamaya Fayyad who has been praising the blockchain publicly over the last year now the bank has revealed plans of trialling bitcoin over the coming months.
Last year in December 2017 Goldman Sachs have started creating a trading desk specifically for crypto currencies and this was reported on Bloomberg live. At Platinum Our Crypto Analysts have been speculating this for month and it has finally come to the forefront and we can just imagine the swings that will come with Goldman now taking this major step as several hedge funds will follow suite.
The Phenomenal rise of Ethereum and Ripple and what are they:
What is Ethereum?
With all the media talking about crypto currencies almost every single day it is impossible that you have not heard of Ethereum. Ethereum is the internet Version 2.0. Imagine a world without servers.
- A 100% open source platform to build and distribute decentralized application.
- No middle men
- Social sites, financial systems, voting mechanisms, games, reputation systems
- 100% peer to peer, censorship proof
- All nodes validate the network at all times coming into consensus
- Users stay in control of their funds and information at all times
Vitalik the Creator of Ethereum learnt that there are so many more advantages of blockchain and that it can be used for something greater than just sending and accepting currency. Ethereum was built to be a world computer” incorporating a virtual machine (EVM), a Turing-complete language (Solidity, Viper), a token (ETH), and fuel (gas).
So Platinum Subscribers when you hear the word ethereum all you need to remember is the symbol above ETH i.e. Ether this is what you are buying and selling and this is the underlying token currency for the Ethereum platform.
Ether has gone up almost 2000% over the last year and is set to carry on its bullish run.
What is Ether used for:
To Pay for products and services just like currency but these merchants accept Crypto Currencies
How is Ether mined:
Just like bitcoin computers are set up to solve questions on blocks of a blockchain and one the solution is provided the remuneration is in Ether.
The Aim of Ether:
The aim is to build a method to the decentralise the internet.
What is the reason to build a decentralized system?
Let me put this in layman’s terms so when you actually buy your first ether token you understand what you are buying or investing in. Why would you need a decentralised system well below is a simple example.
Say that John had all his important documents on a website called file drop and you can access this site anywhere and upload your files from anywhere. If the site goes down or say the server goes down then you can no longer access your important documents, although there we will be backup of data on different servers it would take time and there is always a chance of failure.
With a decentralized system there is no chance of failure so surely you can see the advantages you need to keep in mind while investing in Ethereum
So, a decentralized system is one where there is no single point of failure. This has many obvious advantages and you need to keep that in mind when considering investing in Ethereum.
Ripple was released into the market space in 2012 and guess what it went up nearly 35,500%. What a crazy ride it has been for this currency and for 2018 it does not seem like this is going to stop. At platinum our crypto Analysts are expecting this fast money transfer network to carry gaining momentum over the next 5 years. Let us explain why but first of all let’s understand what the ripple coin actually is.
Ripple technology has been accepted by more than a 100 banks and the numbers are only going up day by day.
Take a look at this live Video of the CEO OF Ripple and you can judge the rest.
The goal of Ripple is to be a global settlement network, a platform to allow anyone to transfer money in any currency to any currency in a matter of seconds. This is an ambitious goal meant to eliminate the use of older systems like Western Union or SWIFT.
Below is the symbol that you need to look for when you would like to buy this on an exchange. If you have any questions on buying and selling or investing Ripple please feel free to talk to one of our crypto Analysts live (LINK)
So, what is so special about Ripple that it has gone up over 35000%?
As you can seen in the illustration above the benefits of ripple are:
- The Payment Transfers take less than 4s
- The Transaction fees are much lower to convert one currency to xrp and bank
- Payment Transfers are verified in a matter of seconds
Here is an example that may help you understand further:
Consider this scenario: Tracy and John need to send some money to each other. Tracy uses Canadian dollars (CAD) to conduct her business, while John operates in Japan (JPY). While it might not be evident to end users, the process behind Tracy sending John money involves converting the CAD to a common currency like USD, then transferring the money between Tracy’s bank and John’s. Finally, the USD in John’s bank is converted back to JPY.This incurs a lot of fees at every exchange and wastes a lot of time. The Ripple network and currency aim to fix this problem.
The Ripple platform and coin being accepted by banks gives the process legitimacy and, at least from an investor’s standpoint, can be a little more reassuring. This is not the case with bitcoin and other currencies as they are seen as competition by the banks.
ARE WE READY TO BECOME A CRYPTONARIRE IN 2018? LET ME SHOW YOU WHAT YOU COULD HAVE ACHIEVED IN 2017 BY INVESTING JUST A 100$
I hope you enjoyed our special Crypto blog for 2018 and I wish you all the best of luck for the year ahead.