ALERT: Everyone is announcing Bitcoin but no one is doing – it’s all vapor
Friday, 10 November 2017 () (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:
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..