Ian King: A Cryptocurrency And Crypto Market Investing Expert

Ian King, one of the best cryptocurrency traders in the world, recently joined Banyan Hill publishing as an editor and their cryptocurrency expert. Cryptocurrencies are of great interest to many investors and King has over 20 years experience as a trader and financial market analyst, many of them spent trading cryptocurrency. He has created an innovative program designed to educate and advise people interested in investing in bitcoin, litecoin, ripple and other types of cryptocurrency. Ian King is also in the process of developing a cryptocurrency trading service he will launch very soon.

Considered by many to be a genuine cryptocurrency expert, Ian King started his career in financial services as a desk clerk in the mortgage bond trading department of Salomon Brothers. The next move in developing his career was accepting a position at Citigroup where his job was focused on credit derivatives. After leaving Citigroup, Ian King joined the New York-based hedge fund Peahi Capital. For over 10 years he was the company’s head trader. His specialty was trading options. King also ran a Western Pennsylvania based oil services company around Marcellus shale and was a co-founder of a non-profit health education company operating in Pakistan and India. Follow Ian King on Your Favorite Social Media Platform: https://www.facebook.com/iankingguru

When the interest rates were lowered to zero by the Fed as the financial crisis ended, the self-described ‘neurotically curious’ King began focusing his attention on digital money. Never afraid to identify, investigate and try new endeavors, he got together with a Silicon Valley start-up in 2012. They were piloting a type of e-currency central banks could use to print and distribute digital money. With its value backed by the central bank issuing it, this wasn’t a cryptocurrency. However, Ian King began imagining using digital money for economic transactions without a bank overseeing it. He realized the time was right and there was a need for digital currency.

King says cryptocurrency or digital currency is transforming the way people exchange things of value. With cryptocurrency, unique digital property pieces can be transferred safely and securely via the internet through a decentralized network without paying fees to a middleman or bank. Smart early investors are grabbing up crypto assets, investing in crypto markets and prospering.

Banyan Hill Publishing hired Ian King in 2017. His job is to help readers understand and take advantage of the now burgeoning crypto market through his weekly articles on Sovereign Investor Daily about the crypocurrency revolution.

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Ted Bauman Points Out the Problem With Bitcoin

Bitcoin was originally designed to serve as a nongovernmental form of money, as an alternative currency to the fiat dollars, yen, pounds and euros issued by the countries of the world. Its creator Satori Nakamoto and its early advocates did not claim it was a new asset class to buy as an investment which would grow to astronomical value. Back in those early days, none of its libertarian friends ever advised people to buy it because one day it would rise to $10,000 per bitcoin, let alone $100,000 or even the $1 million that people are now predicting for it within just a year or two. Read more on crunchbase.com to know more about Ted Bauman.

No, bitcoin was just meant to replace fiat money for every day transactions. As Ted Bauman points out in a recent article, however, the the process of validating bitcoin ownership across a distributed network is not nearly as fast and efficient as one simple electronic query. It takes time, from ten to twenty minutes to conduct the simplest transaction.

This cannot work in practical reality. No customer has the time to wait 20 minutes to pay for the meal at Taco Bell. And busy commercial businesses cannot cope with the angry crowds that would create. The bitcoin network can handle only about 6.5 transactions per second. That’s not a lot when you consider how many people around the world are buying and selling at any given moment. By contrast, Visa handles 1,700 transactions per second. But if bitcoin does not work as a currency, then why should anyone expects its value to continue to going up to the sky? What else is it good for? Visit  talkmarkets.com to know more.

It’s possible to speed it up by reducing the data in each block using a new technology called Segregated Witness or SegWit2X. However, reducing the amount of information available makes each bitcoin transaction secure. It is safe from fraud, theft and duplication only because every transaction is verified and validated by the entire distributed network. Reduce that requirement, and you increase the risk of someone cheating the system. Therefore, Ted Bauman advocates his readers continue to buy and hold gold to secure their portfolios against financial collapse.

Ted Bauman edits the newsletters The Bauman Letter, Alpha Stock Alert and Plan B Club for Banyan Hill Publishing. He specializes in such subjects as privacy and asset protection. He also writes about investment strategies using low risk assets and issues with international migration. He lives in Atlanta, Georgia.

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