Ian King heads the crypto information service at Banyan Hill Publishing. One of the reasons he does this is to give people information so that they can be safe when investing in crypto. The reality is that there are plenty of scams out there in the crypto industry. Stay updated with Ian at Facebook.com.
Following are some tips from Ian King on how to avoid crypto scams. First, be wary when joining ICOs. You need to make sure that the company is reputable. You do not want to join a pump and dump scheme, which is when companies raise a lot of money but then dump the investors by vanishing. You also have to be careful when using an exchange. You should use a trusted exchange such as Coinbase or Kraken. Other exchanges that do not have a good reputation may cause you to lose your money.
Finally, join the crypto information service and read the newsletter that is put out by Ian King and Banyan Hill Publishing. The best way to defeat the scammers is by doing your research and becoming knowledgeable about cryptocurrencies. Ian King has the best information and investing advice to those who want to become successful with cryptocurrency investing. Visit the website iankingguru.com to learn more.
In an interview, Ian King talked about the recent drop in prices of Bitcoin. He said that a lot has to do with late investors. Late investors who came in at the end of last year saw big gains for a very short time while there was a huge price increase. Then, they saw the prices going down. However, they did not sell, because their hopes were still high. Ian King says that the price of Bitcoin may stay at the bottom for a while until it starts going up again when people start buying new Bitcoins again.
There are two ways to look at Bitcoin. Some people are investing in Bitcoin as an asset. Just like they want to hold onto stocks and maybe metals such as gold, they want to hold onto Bitcoin and other cryptocurrencies. Another way of investing is when people actually look at Bitcoin as the form of currency of the future. They think that Bitcoin will replace the dollar and the euro eventually. Ian King Banyan says that we have not seen the second kind of global adoption yet. However, that does not mean it will not happen in the future. Stay tuned.