Everyone is announcing Bitcoin but no one is doing – it’s all vapor

(GLOBALINTELHUB.COM) — 11/10/2017 We’d just like to note here that amidst Bitcoin’s historic rise there’s been a flurry of announcements with few ‘releases’ of finished products.  In fact only one company in the US, TZero, has a real regulated product that’s ready to go (which we noted as early as March 2016, but who was listening back then?).  Only one major Forex Broker, IC Markets, is offering 5 Crypto pairs in the MT4/5 platform.
Let’s take a look at what Bitcoin in Meta Trader 5 looks like:
forex
Amazing, when you put it like that, it looks like FX!  That’s because Bitcoin and Ethereum are Currencies, no different from the Euro and Yen from a trading / investment perspective.  Obviously, there are the fundamental differences that Crypto is not backed by a Government, but that can change soon.  Traders can sign up free to see this screen above by clicking here: Open an account with IC Markets
So we all know someone who bought Bitcoin in 2011 or several years ago – so what?  Today BTCUSD is down.  So what?  Like is the fashion with many bubbles, it seems that traders have become irrational.  The big question that we have at Elite E Services is that – why jump into something completely risky and unknown when there are proven systems with a long track record that are independent of market movement, like Magic FX.  The point is that it will take time for such algos to be developed for Bitcoin, the market is just starting to mature and evolve.
We did something, we didn’t just announce that we have plans to get into Bitcoin – we wrote a book.  A sequel to our Splitting Pennies it’s logically called Splitting Bits – your user guide for the regulated side of Bitcoin and Blockchain which are posed to cannibalize half of the world’s banking industry.
Calling all traders – this is a traders market!  Now is the time to start building your bots!  The real wave of the Crypto market is going to be the investment grade products, such as the Bitgos (Bit-Algos).  We’re launching a marketplace for them, stay tuned..

About the author

Related

(FXBOT.MARKET) -- 11/21/2017 -- FXBOT.MARKET is interested in cultivating high quality, consistent FX strategies based on honesty and transparency.  Every system has a bad day, a bad month - we are traders we get it.  But deleting history or ...

Elite E Services has teamed up with IC Markets to provide non-US and US-QEP Forex clients with the ability to trade BTC/USD in MT4.  For those of you who are not familiar with Bitcoin or MT4 you can read our books Splitting Pennies and the sequel ...

forex

Follow Global Intel Hub

Follow GIH and get free updates on Global Intelligence, Analysis, and more.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.