Ted Bauman Shares His Insight into the Challenges of Bitcoin as a Cryptocurrency

Ted Bauman recently published an article talking about the limitations of Bitcoin as a currency and the reason why it would take a massive technology change to be accepted as currency. Even though most people know Bitcoin because it was in the news recently for its enormous growth in value, many do not understand how it can be used. While the supporters of Bitcoin currency have been talking about its benefits, very few are stating the facts about it. Bitcoin has many drawbacks that need to be addressed if one wants to find out what returns it can give in the future. Ted feels that the only reason why more people are investing in Bitcoin is that everyone else is doing it and they do not want to be left out. But, one needs to be careful about where they invest their hard-earned money.

One of the limitations of Bitcoin that cannot be ignored is its long processing times. While credit card transactions are completed within milliseconds, Bitcoin transactions can take anywhere between 20 minutes to a couple of hours to be finished. As a currency, the transaction time is too long and inefficient for businesses and individuals. Since the usage of Bitcoin is not vast, the Bitcoin miners can spend time on developing its technology and ensure that the transaction times goes down dramatically. Ted Bauman explains that for any currency to function, it should offer fast transaction in a timely and safe manner. Bitcoin fails entirely in this feature, and it is the reason why Bitcoin cannot be considered a currency for varied use. Bitcoin miners are spending time and effort to find a way through this, but the results are not favorable so far. Since the speed of transactions and security are directly linked, the miners have to find a way to ensure that the Bitcoin network security is not compromised at any point.

Ted Bauman wants to warn people against investing in Bitcoin for the long term as it can lead to high losses. Since there is no solution still in sight, it might be interesting to see how the value of Bitcoin grows. Ted Bauman recommends investing in gold will be beneficial to the investors rather than putting their money into Bitcoin. He is a financial expert with more than 25 years of experience that he shares with his readers through his publication, the Banyan Hill Publishing. More information here:https://tedbaumanguru.com/


Cryptocurrency Explained By The Oxford Club

What is cryptocurrency? The Oxford Club is a financial information publication. They are an independent company, whose main office is based in Baltimore, Maryland. Who better to explain cryptocurrency than The Oxford Club.

Cryptocurrency is literally virtual money. Because it is digital, and not real like coins, it is hard to counterfeit. A major draw to cryptocurrency is that it’s not issued by any banking or financial authority, which leaves it free from government control, interference, or manipulation.

The Oxford Club incorporates cryptocurrency in their Oxford Wealth Pyramid. Cryptocurrency is positioned in the very early stages of the investing section. Consider the form of a pyramid, the top is very small while the bottom, the base, it sturdy and strong holding up the structure. Cryptocurrency might be near the very top only making up a very small fraction of the pyramid. The pyramid represents a financial portfolio, so this type of investment would only take up a small portion of the assets.

The Oxford Club believes to begin with a Core Portfolio for secure investing, along with Perpetual Dividend Raisers. When the base of the portfolio has been properly secured, one can add risk. Risky investments maybe things like short-term income or sector-specific assets.

Once these levels have been built, and there is a clear understanding of the risks with cryptocurrency, it can be an option to add some into the financial portfolio.

There are investors who are making money with cryptocurrency, in fact, it has become an obsession for some people. The Oxford Club has kept informed of this emerging market and has the expert Adam Sharp, who is also the co-founder of The Oxford Club, following up and keeping track of cryptocurrencies as they become more and more well known.

In addition to knowledge about cryptocurrencies, The Oxford Club also provides its members with strategies for getting the best market returns that will preserve capitol and provide growth. The Oxford Club is global, currently in over 100 countries.

Financial seminars, symposiums, cryptocurrency facts, and overseas investment excursions are some of the other services The Oxford Club offers the 80,000 members. They do publish a monthly newsletter, and trading recommendations as they keep up with all areas of financial investments including cryptocurrencies.