The broker, Easy Forex LTD, is a leading currency exchange platform. In this in depth review you will learn if it is a scam or a legitimate currency exchange trading system.
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JK: Prime is targeted at accredited investors and businesses. We’re dealing with clients that are making larger investments, and due to that we’ll have fewer clients with a higher average account balance, so we’ll be able to provide better dedicated service and dedicated account managers. There won’t be waiting time and responses will be quick. This service is mostly for VCs and high networth individuals who like to trade in alternatives. We’re speaking with a hedge fund right now, and looking at traditonal finance guys looking for a more professional experience. It’s going to be more traditional traders who want to enter the space and who want to be comfortable.
Governments are going to introduce regulations to regulate virtual currencies, and Tradehill is already compliant with the regulations and will be proactive. We have more lawyers than engineers right now, so we’ll be on top of that. As long as people are proactive, the government will see we’re working within their realm. A lot of people thought Paypal was going to get shut down, and it definitely didn’t happen. I think you will see companies trying to get around the regulations that will get shut down. Governments will make it more difficult to comply.
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Do not go against trends when you are new to the trading market. It is also a good idea to stay in line with the current market. Following the trends makes it easier to trade, since you can just move with the market. The possible gains from trying to trade against the flow of the market isn’t worth the stress that will ensue.
JK: I don’t see it so much as a bubble, but rather an extended period of volatility. You’re going to see points where the price jumps up and bumps down, I don’t see the price exploding, it’s extremely volatile because it’s extremely new, and some people are jumping on it too quickly. Some others who got into it early are cashing out right now. I think the price is going to change a lot over the next 6 months and couple of years. Right now there are I think over 500 merchants accepting bitcoins through Bitpay, you could rent a hotel room with bitcoins, and more and more people are accepting it as a form of payment. WordPress is the 25th most visited site in the world and they accept bitcoins.
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