In today’s webinar I went through alternate trading and investing ideas. There has been a lot going in the news, so keep up with it as it will help you understand the markets better.
Recently, Judge Torres has granted summary judgment in favor of Ripple Labs, ruling that the XRP token is not a security, but only regarding programmatic sales on digital asset exchanges. However, the SEC also managed to notch a victory of its own, as the federal judge has ruled that XRP is a security when sold to institutional investors, as it met the conditions set in the Howey Test.
This is big news for crypto but only half the job done so far for XRP. It shot up 100% after the news and currently sits at $0.76. As I have said before never jump in on a bull run, wait for the price to pull back and then buy at a better price.
In my original webinar from October 2020, by taking an alternative point of view and action we made massive gains. I explained in the webinar why I think crypto has a real-world use, especially blockchain technology. You can view the mini crypto course in our member’s area below.
One reason is limited supply, if there is a limited supply of something then the price is eventually bound to go up. Its the same as GOLD, there is a limited amount of GOLD on Earth, which is why the price of GOLD for many years has been steadily going up as its getting tough to mine it and the demand is still there.
Currently according to the stats 19.5 million Bitcoins have been mined. There are only 21 million in total. There is a limited supply available to buy and the big investors are waiting to pile in to buy when the price drops every time.
So learn to think outside the box. Understand how investment banks and governments manipulate the news and can not be trusted. Be VERY scared about the implications of a CBDC. You have already seen an example of this happening in the real world when Canadian truck drivers were on strike. The banks froze all the protester’s accounts until they stopped. Here is an article explaining CBDC in more detail.
There are other ways to invest in crypto if you don’t want direct exposure. For example, Vanguard Now Owns $560 Million Worth of Bitcoin Mining Stocks. The $7.2 trillion asset manager now owns half a billion dollars worth of Riot Blockchain and Marathon Digital shares.
Warren Buffet who few years back said Bitcoin was rat poison has invested $1 billion in a crypto-friendly bank named Nubank, one of Brazil’s largest fintech banks focussed on cryptocurrencies.
None of the Forex Mentor Pro team nor its owners (expressly including but not limited to Marc Walton), officers, directors, employees, subsidiaries, affiliates, licensors, service providers, content providers and agents (all collectively hereinafter referred to as “Forex Mentor Pro ”) are financial advisers and nothing contained herein is intended to be or to be construed as financial advice
Forex Mentor Pro is not an investment advisory service, is not an investment adviser, and does not provide personalized financial advice or act as a financial advisor.
Forex Mentor Pro exists for educational purposes only, and the materials and information contained herein are for general informational purposes only. None of the information provided in the website is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, recommendation or sponsorship of any company, security, or fund. The information on the website should not be relied upon for purposes of transacting securities or other investments.
You hereby understand and agree that Forex Mentor Pro, does not offer or provide tax, legal or investment advice and that you are responsible for consulting tax, legal, or financial professionals before acting on any information provided herein. “This report is not intended as a promotion of any particular products or investments and neither Forex Mentor Pro group nor any of its officers, directors, employees or representatives, in any way recommends or endorses any company, product, investment or opportunity which may be discussed herein.
The education and information presented herein is intended for a general audience and does not purport to be, nor should it be construed as, specific advice tailored to any individual. You are encouraged to discuss any opportunities with your attorney, accountant, financial professional or other advisor.
Your use of the information contained herein is at your own risk. The content is provided ‘as is’ and without warranties of any kind, either expressed or implied. Forex Mentor Pro disclaims all warranties, including, but not limited to, any implied warranties of merchantability, fitness for a particular purpose, title, or non-infringement. Forex Mentor Pro does not promise or guarantee any income or particular result from your use of the information contained herein. Forex Mentor Pro.com assumes no liability or responsibility for errors or omissions in the information contained herein.
Under no circumstances will Forex Mentor Pro be liable for any loss or damage caused by your reliance on the information contained herein. It is your responsibility to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content contained herein. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Marc Walton, owner of Forex Mentor Pro, communicates content and editorials on this site. Statements regarding his, or other contributors’ “commitment” to share their personal investing strategies should not be construed or interpreted to require the disclosure of investments and strategies that are personal in nature, part of their estate or tax planning or immaterial to the scope and nature of the Forex Mentor Pro philosophy.
All reasonable care has been taken that information published on Forex Mentor Pro website is correct at the time of publishing. However, Forex Mentor Pro does not guarantee the accuracy of the information published on its website nor can it be held responsible for any errors or omissions.
