Cryptomania has become a worldwide phenomena. New cryptocurrencies are popping up every day and so are new crypto millionaires. Exchanges where the cryptos are traded have had to halt signing up new customers because of infrastructure overload.
Other crypto trading outlets have shutdown after being overwhelmed by user and investor traffic. Coinbase’s android application has surpassed Youtube as the most downloaded and installed software tool. Governments around the globe are scrambling to find some means to regulate this new class of money that bypasses their citizens’ reliance on the state’s printed currencies.
Former mortgage bond trader for Salamon Brothers and hedge fund trader for Peahi Capital, Ian King is assisting crypto investors with understanding the market and finding good investments within the crypto market.
The new cryptocurrencies editor for Banyan Hill Publishing studied psychology in college and traded dot com stocks in his dorm room. These two experiences melded into what would become a very exciting career in the financial industry for Ian King. Read more about Ian King at banyanhill.com
Launching a cryptocurrency is much harder than it appears, if not downright impossible.#BitcoinSurvives #BeatTheOdds #Crypto #Cryptocurrency #Investing #CryptoMining #BanyanHillPublishinghttps://t.co/AvVawIOJGe
— Ian King (@IanKingGuru) February 15, 2018
King shares that he was exposed to the cryptocurrency world by libertarian-minded and cryptography expert friends of his who were excited about the prospects of the new financial tool that would allow secure peer to peer asset exchanges, eliminating the need for a middle man and the associated fees.
He studied the emerging digital trading technology and eventually formed his own web-based firm teaching individuals how to evaluate and buy and sell bitcoin, Litecoin, Ripple and other cryptocurrencies.
Observing that technological advances leading to cryptos have been the result of innovations in 10 year cycles, King notes that mainframe computers in the 1970s introduced processing of bulk data. In the 1980s, personal computers brought data processing capability to private individuals. The 1990s saw the rise of shared access to information throughout the internet. Social media provided the framework for sharing information in targeted ways in the 2000s. And, building upon that, the infrastructure was ready for the release of cryptocurrencies, allowing the global exchange of digital assets in the 2010s.
Ian King comments on Malcolm Gladwell’s “tipping point,” the critical stage when market momentum explodes following the crossing of a social adoption threshold when a boiling point in a new idea, product or trend is reached, causing it to spread like wildfire. He shares that this point was reached for bitcoin in 2017, pushing the market capitalization of bitcoin from $18 billion at the beginning of that year to over $600 million at the end of it.
He points out differences in this cycle which suggest that this trend will be different than previous financial bubbles. For instance, in the crypto market, Wall Street arrived after private investors had built momentum and dominated the market.
This in addition to other market factors, such as the listing of bitcoin futures by the CBOE and CME exchanges suggests that there is still a lot of growth potential to be had in the cryptocurrency markets in 2018 and beyond. For more updates, visit:https://stocktwits.com/IanKing