Do yourself a favour…don’t wait
Tuesday, 17 October 2017
By Bernd Struben
- We’re already in the future
- You better have the right safari guide
- Horse or car?
I’ll go out on a pretty thick limb here and say you’ve surely heard of bitcoin.
As crypto expert, Sam Volkering points out in today’s guest essay below, even his retired father is atop the bitcoin story. And he’s reading about it in the most mainstream of sources, The Age.
Bitcoin is a valuable core cryptocurrency. One that Sam expects could still double, or more, in price. Even from its current near record US$5,748.37 level.
Nonetheless the mainstream — and Sam’s retired dad — are tuning into yesterday’s story.
Today’s story is one that can see investors make real life changing gains. Not merely doubling their money. But seeing it balloon by 20–30 times…or more. Like the early investors into bitcoin.
It all has to do with initial coin offerings (ICOs).
But that kind of money isn’t just sitting out there, free for the taking. Investing in ICOs is about as risky as it gets.
Which is where Sam comes in.
Read on for Sam’s article following the market review.
Overnight, the Dow Jones Industrial Average closed up 85.24 points, or 0.37%.
The S&P 500 gained 4.47 points, or 0.18%.
In Europe, the Euro Stoxx 50 index finished up 1.72 points, or 0.05%. Meanwhile, the FTSE 100 dropped 0.11%, and Germany’s DAX index gained 11.83 points, or 0.09%.
In Asian markets, Japan’s Nikkei 225 index is up 30.82 points, or 0.14%. And China’s CSI 300 is up 0.21%.
In Australia, the S&P/ASX 200 is up 49.20 points, or 0.84%.
On the commodities markets, West Texas Intermediate crude oil is US$51.79 per barrel. Brent crude is US$57.78 per barrel.
Gold is trading for US$1,293.81 (AU$1,649.85) per troy ounce. Silver is US$17.24 (AU$21.98) per troy ounce.
One bitcoin is worth US$ 5,754.73.
The Aussie dollar is worth 78.42 US cents.
We’re Already in the Future
By Sam Volkering
Last week I was on a train from London. Two young men got on board.
They were likely in their early 20s. Looked like they’d just come from university. Casual clothes, backpacks, laptops at the ready.
They jumped on sat down next to each other and started intently focusing on one of their laptops.
I couldn’t see what they were looking at but I could hear their comments.
‘Whoa man, check it out. It’s gone so high.’
‘So what do you think? Will the price of bitcoin come down at all? Is it too late to get some?’
They were dissecting the world of bitcoin and crypto. My guess is they were looking at some bitcoin charts on that laptop.
I decided to give these two some valuable advice. As I left at my stop I said, ‘Hey fellas, do yourselves a favour and just get some bitcoin, don’t wait.’
They looked a little puzzled. After all, here was a complete stranger, with a strange Aussie accent saying, just buy bitcoin. I hope they did.
Then on Saturday I get a text message (yes, people still send those) from my Dad.
It was a picture from what appeared to be The Age. And the headline read, ‘Aussie money boosting bitcoin’s $7000 surge’.
And Dad’s message read, ‘Hey mate. How are you guys. Was thinking of you today after reading attched [sic] article.’
It was nice to see that my Dad was thinking of me when reading about bitcoin…
But more impressive is that he’s a retiree, reading one of Australia’s largest mainstream newspapers and it’s all about bitcoin. Sure, the article focused on bitcoin’s incredible price in fiat currency. But it’s awareness nonetheless.
We’re entering a phase right now where the mainstream is starting to properly catch on about bitcoin. But…and this is a big ‘but’…it’s only really bitcoin the mainstream is just now learning about.
What they miss is the fact bitcoin is just the beginning. And for those in the know, those that really understand what’s going on, there’s even bigger opportunity in play with cryptocurrency.
You better have the right safari guide
What the mainstream doesn’t get is the fact bitcoin is just one of thousands of different cryptos. It’s the first that’s had any traction with the wider community. It’s the first to properly see immense value creation in a relatively short space of time.
I still have the view that bitcoin has even more value potential to deliver. But there are other cryptos that aren’t even live yet that could deliver even more potential.
What exactly do I mean by that?
Well bitcoin is a cryptocurrency that any person can come along and buy. That means you can jump onto an exchange like Coinbase, Coinspot or Coinjar and buy some bitcoin.
You take your fiat money, buy bitcoin and own bitcoin.
But other cryptocurrency projects launch almost every day. They’re creating new payments systems. They’re building new digital infrastructure. They’re building a whole new, parallel financial system.
They’re launching to market via ‘initial coin offerings’ or ICOs. And they can create immense wealth from seemingly nothing. But there is a chance for the average investor to get a slice of this massive wealth creation event.
Anyone on any level with any amount to invest can get involved.
Let me give you an example of what’s happening with these ICOs…
The Tezos project launched an ICO in July with an ICO price of around US$0.38 per token (they call them ‘Tezzies’). They raised around US$232 million in that ICO.
They’re now in the process of building their blockchain and platform. So the Tezzies are not tradeable, yet.
But already there are Tezos futures (IOUs) trading with a price of US$2.62 — a 589% gain from the initial ICO. The project now has a valuation of around US$1.9 billion. And it could go much higher from there again once the tokens are tradeable and go ‘live’.
The 0x (pronounced ZeroEx) project launched in August. Within a matter of six days from the ICO, it was tradeable on crypto exchanges at a 12x multiple — that’s 12 times higher than the ICO price.
These aren’t made up events. They happen. I’ve seen the flood of crypto contributions and the incredible wealth generation happen for those fast enough and smart enough to get into the right ICOs.
But like any wild new opportunity it’s full of risk.
Truth be told there are thousands of ICOs coming your way. Some have real world use, some have proper utility, some are completely worthless.
And then there are others just trying to scam you out of your crypto. In fact, during an ICO, scammers and fraudsters will constantly try to fleece newcomers (‘noobs’) of their crypto holdings.
I get ‘phishing’ emails every day. I see scam emails from fake crypto ICO sites asking for contributions. I even have people trying to sell me ‘get rich quick on bitcoin’ systems that are simply Ponzi schemes.
If you are new to it all…if you don’t know what to look for…if you can’t identify a scam…you could lose it all.
I’ve seen it all first hand. I know what I’m doing. But the vast majority of crypto investors don’t. To properly navigate this wild, unregulated world of ICOs you need the right safari guide.
The good news is — with the right guide and advice — you can enter an ICO with just a few hundred dollars’ worth of crypto. Or more…or less. Depending on your risk tolerance and personal financial situation.
Big or small doesn’t matter, anyone can get access. That’s the beauty of it all. It’s decentralised, distributed and for the people — not just for the financial elite.
Horse or car?
What a lot of people also don’t understand is this is all happening parallel to the existing financial system.
These projects are developing new technologies that are faster, safer and easier to use than the existing financial technologies banks and governments provide us today.
These new ICO opportunities are building a whole new digital world. They’re building the future. And they’re doing it right now. What’s unbelievable about it all is the banking and finance world knows what’s going on. But there’s nothing they can do about it.
They admit they’d like to see this technology in the current system. But the current system is too slow to change that fast. The current system simply isn’t ready for the pace of change that crypto is currently creating.
The current system will slowly adopt these technologies. And it will get faster. But not soon or fast enough. Meanwhile the world of crypto will leave it in the dust.
I heard a wonderful analogy today about it all.
‘If you see a car, see how it works and what it can do, why would you want to get a faster horse?’
The new, future financial system is building right under your nose. It’s generating wealth creation opportunities the likes we’ve never seen before. It’s all happening right now.
The only questions you have to ask are:
Are you ready to be a part of the world of crypto?
Are you ready to grab the once-in-a-generation opportunities that exist today?
Do you want the car or just a faster horse?
PS: Did you attend Sam’s Crypto Masterclass?
If you signed up for Sam’s free Crypto Masterclass, you’ve already got a leg up on other investors in the ICO space.
Whether you’ve watched the full series, or are still working your way through, keep an eye on your inbox for a few special emails you should receive today. Some, you may already have received!
If you did not manage to on board with Sam’ Crypto Masterclass stay tuned. If there are any spots still available in Sam’s brand new service — unlikely, but possible — we’ll make those spaces more widely available in the coming weeks.