In a recent article he wrote for Banyan Hill Publishing, crypto trader and expert Ian King points one reason he’s still bullish on cryptocurrencies is that bitcoin was just beginning. And, although bitcoin is down drastically down in price, the future is long and bright. View more on Ian King at Stock Twits for more updates.
Bitcoin is only the first practical application of the blockchain technology Satoshi Nakamoto pioneered. Bitcoin’s price went up 1,485% in 2017, which is spectacular. That’s a ten-bagger investment, in just one year. However, Etherium went up 12,822% in the same year. Vitalik Buterin created Etherium in 2013 when he was just 19 years old. However, he stood on the shoulders of Satashi Nakamoto and figured out a way to create a blockchain platform which could host business contracts. Ether already underlies 1,000 different projects.
Entrepreneurs are continuing to innovate ways to use blockchain to solve real world problems. However, thanks to the recent mania, there is currently more investor demand for the opportunity to buy into these startups than there are companies to buy into. Also, many of the crypto investors are new to the financial markets. Although the stock market is surging dramatically, the millennial generation sees stocks as stodgy and old-fashioned compared to crypto assets. And its 20% gain is nothing compared to one thousand or twelve thousand percent profits. Read more on talkmarkets.com for more info.
This is adding up to a wave of speculation and price rises unlike anything seen before in history, even the Dutch Tulip mania. It’s creating a new type of startup company, what King terms the “cryptocorn.” On Wall Street, a startup company with a market cap of $1 billion or more is termed a “unicorn” because they are as rare as mythical beasts. Cryptocorns are the crypto asset version of a unicorn. One year ago, only bitcoin had a total market value over $1 billion. Now there are 41 of them.
Even after bitcoin’s price in 2017 went up by 1,495%, its share of the total cryptocurrency market went from 90% to 33%. Etherium, Litecoin, Ripple and Bitcoin Cash are now all rivals to bitcoin’s dominance of the crypto world. They’re known collectively as “altcoins.” They’re a combination of venture capital and small companies going public on a stock exchange through an initial public offering (IPO). But altcoin companies do it through an Initial Coin Offering. In 2014, there were 64 of these altcoins, according to CoinMarketCap.com. Now there are 1,398. Just in 2017, the market capitalization went up 25,000%. For more information, visit:https://iankingguru.com/
Ian King Explains the Advantage the Cryptocurrency Market Has Over the Stock Market
What is a unicorn? Of course, it is a mythical animal. However, in the financial world, a unicorn is a company that is one of a kind in that it reached a value of one billion dollars not long after it started. Of course, nowadays, such companies are no longer so rare. Companies like Uber and Facebook are startups that are unicorns. People are creating startups all over the country. Many young people in Silicon Valley have started startups that soon reached a value of one billion dollars.
There is one problem with these startups, however. When they start, they are usually closed to the average investor out there. They are only open to venture capitalists. Everyone else must wait until the Initial Public Offering, at which point they may have missed out on the bulk of the profits that could have been made if they had the opportunity to invest in the company at the beginning.
That is the beauty of the cryptocurrency market, says Ian King. With cryptocurrencies, anyone can join in when a new company starts up. Initial Coin Offerings are offered before a company starts. This way, people can join the next Bitcoin.
Ian King has coined a new term: Cryptocorn. This refers to cryptocurrencies that have started out not long ago and already have a market cap that is extremely high. That is not so uncommon. Since anyone can join and invest in these companies before they start, the cryptocurrency market is open for everyone to make a lot of money. You do not need to be a venture capital company in order to invest in Initial Coin Offerings. All you need to do is learn about new companies and cryptocurrencies that are starting out.
Ian King says that there are already forty one blockchain companies that have a market cap of one billion dollars. Bitcoin is no longer the one and only player in the cryptocurrency field. Many innovative geniuses are coming up with new and improved blockchain technologies and are creating new cryptocurrencies. There is a lot of profit to be made if you would only look for it.
Ian King has two decades of investing experience. He is a well known financial analyst. He is the cryptocurrency expert at Banyan Hill Publishing.
Read more on Talk Markets:http://www.talkmarkets.com/contributor/Ian-King/
While more people are going online every day and so many people have different avenues they use to make sure they are doing the best with security, many of them don’t have the same needs as what they once did. For Jeff Yastine, this was an issue that he felt he could do well to address. He wanted people to know what they were dealing with and what they were trying to make happen in different situations. As long as Jeff Yastine was putting people first, his business was going to stay positive and was going to keep getting better. Read more about Jeff Yastine at Bloomberg
Despite some of the issues that were going on in the community, many people didn’t even know about the things that were happening. They didn’t want to risk what they were doing and most of them didn’t want to even take the time that would be required to keep track of their cybersecurity. Jeff Yastine saw this as an issue and wanted to make sure people knew what he was doing and how he could try to fix things for the better. He had always wanted everyone to do their best while they were working together to try and make more opportunities happen in the world around them.
As long as Jeff Yastine did his best, he felt he couldn’t go wrong with the information he published. As the editor at Banyan Hill Publishing, Jeff Yastine tried to show others what they could do and how they could get better with the issues they were facing. He also knew there would be new ways he could try to help people through the things they were facing if they were going through cybersecurity issues on their own. For Jeff Yastine, this was a part of the business and a part of what would allow him the chance to make things better. Read more about Jeff Yastine at investmentu.com to know more.
When he published the article about the security breach in the bank, he wanted to let others know about it. He felt it was part of his job and it was his duty to tell people how they could protect themselves. If a large bank could have that kind of a breach, there were countless other things that could happen to people who were just using personal computers and had no way to pay attention to anything that could happen with their own cybersecurity because they weren’t being careful with it.