Banyan Hill Publishing recently brought cryptocurrency trader and expert Ian King onto its editorial board to serve as their resident expert in investing in crypto assets. Jeff Yastine interviewed King to learn his qualifications and vision of the future of blockchain technology and how investors can profit from it. Banyan Hill and King will introduce a crypto asset trading service later in 2018. Meanwhile, as part of the interview, King shared his three main tips for investors who want to get started investing in crypto assets right away.
First of all, the crypto asset must solve a real-world problem. It must be useful, so there is economic demand for it. King gave as an example the cryptocoin Etherium. The insurance company AXA already uses Etherium to run its decentralized flight insurance program. If you buy a flight insurance policy from AXA and your flight does not depart on time, the blockchain makes sure you’re automatically paid. The entire process runs autonomously over the Etherium blockchain. Etherium is designed so it can host many such contracts, and, therefore, will be much in demand in the future.
The second key to successfully investing in crypto assets is to look at the supply schedule. The creator of bitcoin set up a schedule for how much bitcoin can be released. The total limit is 21 million bitcoin, and that won’t be reached until 2140. However, most bitcoin has already been mined. The mining process is halved every four years. However, not all crypto assets are designed with this bult-in limit. Some can be expanded in the future diluting everybody’s ownership share like a company that issues new share of stock. Read more about Ian King at tumblr.com for more updates
Lastly, Ian King advises Banyan Hill readers to buy only when the technical points favor the trade. He says crypto assets are just like other asset classes and trader psychology is the same for crypto assets as for stocks and bonds. Therefore, technical trading applies to the buying and selling of crypto assets as well. king wants to see a strong uptrend with increasing volume.
King says that, by using those three principles, he bought Litecoin a few months before the interview, and achieved a profit of 1,000%. He acknowledges some people consider Litecoin to be bitcoin “lite,” or silver to bitcoin’s gold, but it’s four times faster than bitcoin at validating financial transactions, which makes it useful.
If he just listened to the advice I’m about to tell you today …. he’d be up big in the past year.#bitcoin #crypto #cryptocurrency #investing #trading #stocks #StockMarket #BanyanHillhttps://t.co/xvbIMwrr2Y
— Ian King (@IanKingGuru) January 18, 2018
Crypto assets will continue to rise in price because the world is still in the discovery and investment phase of the cycle. Read more:https://www.zerohedge.com/news/2018-01-08/bitcoin-end-beginning