The Strategy for Positioning Yourself for Alt Season that will Stuff Your Pockets!

ALT SEASON IS ON THE WAY… HERE IS HOW YOU CAN BEST PREPARE

Alt season is coming… soon. This will be the second time that I will hopefully experience the rush. If you want to position yourself properly and make the absolute maximum amount of gains, follow my top tips. These come from experience.

If you study these tips and do your due diligence NOW, rather than waiting for alt season to ambush you, it could mean the difference in 10X-ing your portfolio or ending up losing money. Educate yourself accordingly, and here are the tips!

Position Yourself Ahead of Time

Now is the time to grab a few bags of your favorite tokens. Not later. The people who make the 10x, 20X, or even 50X gains are those who get into position BEFORE the mayhem kicks off. If you wait, you’re playing with fire. But how do you pick the right projects? The best way is to research the top projects and pick the ones that catch your interest the most, and also have the right “tokenmetrics”.

That means looking at the validity of projects, how many tokens are in the total supply, circulating supply, and the likelihood of project developers dumping additional tokens into the circulating supply in the event of a run. Knowing these details will put you in the best position to find a winner and take home the maximum gains.

If you find yourself asking others, “should I buy into this project?”, then you are ill-prepared. You should already know the answer to that question before blowing your stash of money. Take into consideration your own risk level, and act accordingly.

Research Until You Are Blue in the Face

I have watched thousands of hours of YouTube videos on various projects over the past few years. There is a wealth of information to be gained on YouTube to answer your every question about all of the top prospects for investing your hard-earned money. Those who study the most ahead of time are the ones who take advantage of the maximum gains.

Not only do I watch hordes of YouTube videos, but I also listen to popular podcasts while working. I am constantly educating myself about various projects, and how the blockchain and crypto sector works as a whole. When you do this, you’ll start connecting the dots and gaining valuable insight that can give you the edge on making better decisions. You can’t “over-learn” in this market. The more the better. So do your homework, and make due diligence your top priority.

Never Buy Into a Run

This is one of my foundational rules that I learned the hard way. If you wait until alt season pops off, and you FOMO into a buying frenzy, you can find yourself stuck at the peak of a move. I have had to wait upwards of 3 years to get back to break-even after buying into a run.

Make it your policy to control your emotions. If you are acting on impulse, you can get yourself REKT! You might get lucky and make a moderate gain, but the chances are that you will end up losing. Keep control of your impulses and take your finger off the trigger when you see a project running vertical.

Remember, you can’t catch them all. But if you put your attention on the projects that you held from a quiet accumulation/consolidation trading period, you’ll end up making such big fat gains that you won’t have to worry about the projects mooning that you don’t have a position in.

Set Your Exit Strategy and Stick To It

NOBODY can time the market to perfection. Only a small percentage of people will time a trade just right and get out on a peak. If you set your goal for exiting your favorite projects before they run, and stick to your plan, you can all but guarantee getting out with a profit.

Forget about getting lucky and trying to time a sell order at an all-time high. Decide now on the percentage gain that would make you happy, and PULL THE TRIGGER when it comes to pass. There is nothing worse than trying to time the peak price and ending up holding a bag long after the price has tanked. Don’t be greedy. Set the goal and get out.

You can also set a goal of WHEN you want to exit. You can hold until the estimated peak of the market in the fall of 2021, or decide on selling when you reach your desired percentage gain. I prefer the latter. My strategy is to sell off my alts and pile drive the gains into Bitcoin and ETH for the fall bull run.

Use the “DCA” Method

Do your homework, and start accumulating now. Just as it is best to avoid trying to time the peak price to sell, you should also avoid trying to time the bottom price to start buying. It is best to use the DCA method, which stands for “Dollar Cost Averaging”.

In this method, you basically accumulate smaller chunks during the time that the price line is less volatile. If you spread out your purchase orders and just buy at various times while the price line is declining, you can get a good overall average purchase price that might serve you better than trying to wait for the absolute bottom.

There is nothing worse than the feeling you get when your favorite crypto tears off into the stratosphere while you were waiting for the absolute bottom. For example, if I want to get 1,000 tokens of ABC crypto, I might get ten orders of 100 over time during the quiet accumulation period. Or I could make 5 orders of 200. When I use this method, I find it a lot less frustrating than draining my entire stash of cash only to watch the price dip farther.

Doing the DCA method takes a lot of the stress out of the buying process for me. Do what works best for YOU, but keep in mind that this is how the pros do it. While everyone else ignores a project during its “dog days”, the smart investors are snatching up small amounts over a long period of time. That way, by the time the feeding frenzy hits, they’re already in position to unload the wagon and cash in for maximum profits.

In Summary

Do your due diligence, take your time, study the projects, position yourself WAY ahead of time, and control your emotions. You’ll be thanking yourself in the long run. Keep in mind that the institutional investors buy when everyone else does not. The “average Joe” investor buys when a project takes off and has made the majority of its gains.

Get on the job now while you have a chance. And while you wait, you can check out this cool website that one of my Telegram group members shared from Blockchain Center that will help you get an idea of when the shift takes place from Bitcoin season to Altcoin season!

Best of luck.

Carlton Flowers
The CryptoPro

NOT FINANCIAL ADVICE - Entertainment purposes only. Seek a qualified investment advisor before making any decisions on purchasing cryptocurrencies.

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Strong Bitcoin Correction - 2 Reasons Why, Plus Technical Analysis for 9-3-2020

TWO KEY EVENTS THAT INFLUENCE THE BTC CHART

While Bitcoin is in the midst of a strong correction, there are two other events happening which I believe have a direction influence. What are they?

1) The stock market dumping

2) The US Dollar rallying (DXY)

In history, we have observed that Bitcoin has a tendency to move in the opposite direction of a rallying US Dollar. Looking at the DXY chart, we have seen a short-term rally taking place over the past several days that coincides directly with the Bitcoin correction.

If you add in a stock market dump, and you have a resulting strong BTC correction. Take note that the Dow Jones Industrial Average got dangerously close to the previous high, before a harsh selloff ensued.

But let’s shift the focus to the Bitcoin chart provided by TradingView, and see if we can gather some clues as to what will happen next with this sizeable correction.

Looking at the 4-hour chart, we see that BTC met resistance at the magical 4.618 fib circle boundary. It then briefly clung to the 4.236 (sorry about the typo on the chart) before failing, and it blew straight through the 3.618 fib circle ring without pause.

With heavy sell volume happening already, and then the formation of that big fat ugly red candle that pounded the price down, there’s no telling where the price will land and find support now that we have sunken through the 3.618 fib circle ring. That was an important level to hold. The stochastic is very bearish, and we are making a definite move into the oversold zone where it could languish long enough to drop the price down a bit more.

When will the selling stop, you ask? The only possible landing point I can see is the CME gap set in July of 2020 at $9700. With over $348 Million in Bitcoin contracts that were liuidated in only 4 hours during this dump, the momentum looks like a train headed downhill that won’t even think about stopping before hitting that CME gap. I don’t have any doubt that the bulls will come out of the gates and go on a stampede IF we make it down to that CME gap. This might be the last chance to pick up on your favorite alts and buy Bitcoin at sub-$10k prices.

If we zoom in and look at the 1-hour chart, we can pick up a few more indications of how strong this event is on the micro level.

There is a definite death cross formation as the 50-day EMA crosses the 200-day EMA on this chart, and this is the designation given when both moving averages are on a downward slope. The 200-day EMA is just slightly sloping downward, but this is still indicative of a death cross, as evidenced by the harshness of the correction.

The 1-hour chart is just evidence to show us that this correction is significant and strong on the micro level, and it gives us a better picture of how things are developing while we are in the midst of the dive. I’ll be keeping track of the price movement on the 1-hour until we get to that CME gap, because there will be some buying decisions happening on my end!

Carlton Flowers
The CryptoPro

NOT FINANCIAL ADVICE - Entertainment purposes only. Seek a qualified investment advisor before making any decisions on purchasing cryptocurrencies.

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March 4th 2019 - Cryptocurrency Market Takes A Quick Dive

BTC Leads Altcoins on Rapid Drop

Today we saw Bitcoin surge to over $5400, and then take a dive, pulling down practically ALL of the altcoins on the market with it. I didn’t see either of these events coming, and it took most people by surprise. There is a lot of discussion on what the next few weeks hold in store for us.

In this video, we take a look at all of the Coinbase charts for the crypto leader board, and we notice that everything is in lock-step with Bitcoin. My question is, why would we see selling across the board, rather than BTC trading volume with the Altcoins?

My theory is that most of the action that took place today is from automated trading. That’s why the altcoins reflect all of the movements of Bitcoin. There hasn’t been a divergence for quite some time.

Everyone is also fervently discussing the current “mini uptrend”, and whether or not we will see a reversal and correction within a few weeks, or a shorter time period. How low will Master BTC go when the correction takes place?

The majority of prognosticators are calling for a bottom at 4200. The next possible level is 3800, which I am leaning towards. However, there are those that believe the final Elliot Wave 5 correction of BTC will drag it down to 2500 before the true bull market ensues. Time will tell!

What is YOUR prediction of the impending action? Do you have some technical analysis you’d like to share that supports your projected low point for BTC? Share it in the comments below!

Carlton Flowers
The CryptoPro

Crytpo Market Return - Time to Study The Basics

What to Understand Before Entering The Crypto Market

The action in the market is heating up, and we’ve seen some wild trading this week! As attention is drawn to the market from new crypto enthusiasts, there will be a lot of questions that need to be answered. I will attempt answering as much as I can to help everyone have a basic education on what the cryptocurrency market is all about.

One of the most basic questions that people ask is, “what am I actually buying when I get involved in the cryptocurrency market?” This was my exact question when I first bought into Bitcoin. Was I buying “stock” in Bitcoin, or exactly what?

The answer is, buying a cryptocurrency is like buying a foreign currency. You are converting your “fiat money” into an electronic currency that has a specific purpose. For example, Big Daddy Bitcoin is usually used as a store of value, like buying gold. Buying Stellar Lumens (XLM) allows you to send money overseas to friends or family members without using Western Union, and the transaction completes in a matter of seconds.

Those are just two examples of coins that have very differing purposes, but actual value. There are literally thousands of different cryptocurrency coins and “tokens” (we’ll discuss that at a later date) that one can buy.

A good way to start is to research the “use case” of a particular cryptocurrency and buy into a project that sparks your interest. For instance, I love the XLM project because of how it is transforming the transfer of money, and how it connects many popular payment platforms like Paypal, the Cash App, Venmo, and more.

While there are specific uses for different cryptocurrencies, the majority of people are buying them for one main reason: to make money. This is called “speculation”, and it’s very similar to buying stocks on the NYSE or NASDAQ. Remember when people were plowing money into Amazon, Yahoo, and Apple during the early Dot-Com explosive growth days? The same holds true here.

While each coin has a purpose, at this point, we have not reached what is called “mass adoption”. In other words, you’re not going to be using cryptocurrencies to shop at Walmart with ease any time soon. What people are gambling on right now is that the value of cryptocurrencies will skyrocket in the future once we hit the mass adoption phase. That’s why we are speculators at this point.

That’s enough general information for now, but if you’ve got a specific question that you’re burning to ask, post it in the comments section and I would be glad to write a blog post to answer it! Stay tuned, more info coming soon!

Carlton Flowers
The CryptoPro

Bottom-Of-The-Barrel Prediction on 2018 BTC Bear

Closing In on the Last Dip Before the Bull Run

It’s been a quiet spring and summer for me, but I have been watching the cryptocurrency market like a hawk. I haven’t had to say much, because the market has been doing exactly what I thought it would do… continue the correction.

But the question remains, just how low will big brother Bitcoin go before the bear market finally draws to a close? We will take a look at the latest chart from Trading view and we’ll discuss the possibilities.

Before I reveal my predictions, I will say that everything I called for since February of 2018 has been on-point. I wasn’t fooled by all of the premature bull market predictions. Exactly all of them have failed to come true. I’m still surprised that so many “experts” thought a bull market could emerge before the market has run its course.

Never in the history of the stock market OR the cryptocurrency market have we seen the pattern broken. You can set your clock by it. The four phases of accumulation, consolidation, markup, and distribution must happen. It’s scientific, and it’s the result of human nature combined with the extremely small percentage of “whales” who play the general public’s tendency to be controlled by emotion.

Since the inception of the stock market, we’ve seen it… after a major run, the insiders pull out and leave the public holding the bag. The lack of tremendous buying pressure leaves the market to fall, and the 4-step process repeats itself.

That being said, let’s take a look at the chart and I’ll share with you what I see in the range of possibilities.

Up until a week ago, we thought 6200 was the rock-bottom level for BTC. Last winter, my eyes were telling me that 5500 was possible, and at worst-case, 3200. I thought I was wrong. Nothing could have convinced me that we would ever see anything less than 5000 as of last month. But the dive we just witnessed opens those doors of possibility yet again.

Now that we have seen BTC violate the floor level of 6200 and even plunge below 5500, there’s no base that we can count on that will hold down the fort. We have to go to previous bull run levels to determine the new possibilities for bottom-level price action, which we see on this chart at 3200 and again at roughly 4200.

The velocity of the big dip we just witnessed tells me that it is entirely possible, and it can happen fast. We’re talking “in-the-blink-of-an-eye” fast. The overall momentum is still downward, and the rallies are not breaking the bear market pattern.

Take a close look at the stars that I have indicated on the stochastic chart. Whenever BTC was seriously oversold, it rallied hard. But you’ll notice that on each rally, the peak stochastic was was reflecting a maximum buying pressure point that did not break the overall downtrend.

After every rally, the peaks are lower. Look at the succession of red arrows which represent the declining peaks, confirming the continuation of the big ugly bear market. But after every smack-down, BTC found support at the base. Not on the last one.

That’s why we have to look at the previous support levels before the 2017 run to find out what is possible for the next low points. The orange box represents the “Bottom-of-the-barrel” zone of possibility, and this is a worst-case.

BTC could certainly rally and start a reversal. But it’s not likely, based on the recent action. It’s always best to prepare for the worst. That means you should consider a trading zone of 3200 to 4200 BEFORE you throw your money into the crypto market in anticipation of the December rally.

And yes, I did say December rally. I fully expect this to happen. We will see a rally. At worst-case, we will find a bottom point and then start the accumulation/consolidation phase in December with a nice spike that falls by the new year. Best case scenario would be BTC eclipsing the all-time high of 2017.

It’s best to assume that we have not yet had enough time to properly complete the accumulation/consolidation phase. We might be in for a boring 12 months if we don’t see a major spike in December of 2018. All we have to do is look at the history of the market, and it will give us clues as to what can happen.

The SAFEST way to play the market at this point is to wait until we have confirmation of a true bottom, with a nice flat quiet accumulation period. When the volume of the market jumps up like a shelf and we trade sideways again at new base levels, that will be enough evidence to tell us we are in consolidation, which is the safest time to invest in my humble opinion.

Make no mistake about it, cryptocurrency is the future, and it’s the natural evolution of trading value among human beings. Nothing will stop this from happening. The only question is, how long will it take before we hit critical mass?

Time will tell. Until then, we’ll keep our eyes on the charts.

Carlton Flowers
The Crypto Pro

The Cryptocurrency Bear Market Continues with BTC Leading the Dive

WHEN WILL BTC HIT THE BOTTOM? IS THE BEAR COMING TO A CLOSE?

Since February of 2018, we have heard time and time again from the so-called "experts" that we are on the brink of the next cryptocurrency bear market. Once again, we are experiencing another dive after major news hitting the market has told us otherwise. What is really going on?

In my previous article, we discussed the announcement of the Exchange-Traded Funds (ETFs) decision on behalf of the Securities Exchange Commission. This was the most recent bit of news that was supposed to send Bitcoin into the stratosphere, straight out of the bear trend. But time has proven the news wrong once again.

After this CNBC story was released that the Winkelvoss Twins were rejected in their bid to launch the first ETF ln a regulated exchange, the market took a temporary dive after we saw a brief run to $8,000 BTC. Within a week, news broke that the Securities Exchange Commission was going to delay their decision on approving ETFs as a whole until September of 2018. Immediately after, we saw the market take a nosedive.

Experts like Alessio Rastani and others reported that they did not believe BTC would fail to drop below the major support level of $6,800, with the probability of such a dip being 20% or less. But BTC had other plans, and made fools of the prognosticators once again.

What I have noticed since February of 2018 is that no amount of news will propel the market artificially into a bull run without allowing time for the natural phases of development to carry out. After the "distribution" phase of a market, or Bear Market, I believe history has proven to us that we have to see a time of accumulation where the market settles down and lays low.

Some call this the "dog days" of the market. This is what we have seen in the entire history of the stock market, and the cryptocurrency market has reflected the same, only in much shorter time periods. After the accumulation phase, we historically see a "consolidation" phase develop before a bull market ensues.

Digging back into the history of the cryptocurrency market, I fail to see a time where we have jumped straight out of a bear market into an all-out bull run. History normally repeats itself, but past performance is not a guarantee of future events. However, as volatile as the cryptocurrency market is, I truly believe it is safest to assume that we have to see these phases of development occur before a bull run can happen.

Common sense tells me that it would take an enormous amount of money to catapult the market from a slide straight into a bull run, and it would take an even greater amount of continuous buying pressure to sustain a run. You just can't get something from nothing, and it takes a constant influx of capital to keep a market propped up.

Human nature has proven this to be right throughout history. The masses of the general investors move on emotion, and the insiders with significant amounts of money invest in a contrarian way. They play off of each other, and it's usually the general population that ends up holding the short end of the stick when they start believing news releases that make improper claims.

Looking at the current chart, we can clearly see that BTC is continuing in a bear trend after the brief run to 8,000 in late July. I don't think this is any mistake. BTC will have to find its rock-bottom point before an accumulation phase will follow. Right now, there are two possibilities in my opinion.

I could very well be dead-wrong, but we see that BTC failed a critical support level of $6800 this week, and is headed for the next support level of $6400. If BTC fails to hold $6400, we could very well see $5800 as a new possibility of the rock-bottom point. These critical support levels are shown on the chart in repeating intervals, and I believe this is due to automated trading activity.

The previous bottom point for BTC before the 2017 bull run was $5800. There is no magic to the prediction that $5800 could end up being the bottom point, because there are probably several trading bots programmed to buy big amounts at that point. Only time will tell. But it's best to assume the worst when you don't have money to lose in this market.

We will keep our eyes on the charts and watch the activity during the month of August, and carefully observe whether or not BTC finds that rock-bottom point before we enter the next phase of market development!

Carlton Flowers
CryptoPro

Bitcoin Ben on the G20, ETFs, BTC, and Hyperinflation Control

EXCHANGE-TRADED FUNDS KEY TO NEXT BTC RUN, SAYS BITCOIN BEN

The July 24th edition of the Bitcoin Ben VLOG is worthy of discussion, as Ben delves into the details of what he thinks will cause the next major launch of Bitcoin.

At the G20 meeting, Bitcoin Ben states that the group did not disclose the portion of the discussion where they agreed that the member countries would not have a deflationary conflict with their currencies.

The week before, he claims they were talking about how horrible cryptocurrencies are, and how they need to be banned. However, he goes on to explain that they aren’t going to do anything about cryptocurrencies because they don’t see them as a threat. Now they see them as a tool. This is quite a change in attitude.

The "global elites", as he calls them, don’t “invent” anything as it relates to true wealth. They don’t create anything of substance. Rather, they leach off of the inventions of others. He thinks what they have decided and recognized that they’ve found a new valve for deflation. They want to capture the wealth that they’ve "printed" into inflation. He explains that they can’t put it into shares of stock or currency anymore, because the stock market has been made too top-heavy. If they add anything more to it, he claims it will "fall over".

BTC surpassed 8,000 in July, which was a major psychological marker. However, he states there isn’t that much buying pressure. Bitcoin Ben believes that someone with a lot of money had to push through that 8,000 barrier. He thinks that the elites are now getting involved, buying as much bitcoin as they can. I do believe that there is some amount of validity to this belief, because we see that the market has continued to slide since the brief run to 8,000 BTC.

Before the announcement of the "ETF", or "Exchange-Traded Funds", he believes the elites are going to buy as much BTC as they can because they know what he (Ben) is saying to be true. The ETF, as Ben states, is going to be the tool or the "valve" for the inflation that the G20 has been printing in currency.

He believes that the people who are getting into the market now are the small players. The big players are starting to enter now, and that’s why we have had the recent growth. Between now and the launch of the ETF, Bitcoin is going to continuously go up. There will be dips, and Ben recommends that everyone buy on those dips. Last year, BTC jumped from $6,000 to $20,000 in three weeks flat. This is possible again, as he states.

"Once the inflation valve, the ETF, is turned on, that’s when the inflation pours in. As soon as the valve is turned on, the elites will already be holding positions. Once they launch one ETF, the price will skyrocket. Not all ETFs will play by the rules. There will eventually be a lot of ETFs based on LTC, ETH, ETC, and more", as Ben explains.

"There are two things that the elites must insure. They have to control inflation without raising interest rates as much as possible. They also have to keep the inflation away from commodities like bread, food, and silver. Silver is too important to industry to let the price rise. If silver were allowed to skyrocket, the solar panel market and the smartphone market would be destroyed, along with several other markets."

Ben believes that the global elites need a commodity that is structurally fundamental to the marketplace for their manipulative inflationary purposes. Once the inflation tap is turned on, it will make the Bitcoin market run. Bitcoin will continue to move up from here. "We will see a run that makes last year’s action look like a practice run."

Time will tell if Bitcoin Ben's commentary is accurate, and comes to pass. I do believe that his comments have validity, and it will probably be revealed in early September when the final decision is announced concerning the approval of Exchange-Traded Funds. Until then, it looks like the bear market will continue.

I do believe that the news of ETFs will at least push the market into an accumulation/consolidation phase, even though several prognosticators believe it will launch us into the bull market. But as I have always said, we have never seen the stock market or the cryptocurrency market skip the vital developmental stages of distribution (bear market), accumulation, and then consolidation before the final markup phase (bull run)

Keep your eyes on the charts, and we will see!

Carlton Flowers
CrytpoPro

Should We Prepare for an Extended Crypto Bear Market?

WHY PLAYING IT "SAFE" COULD BE THE BEST STRATEGY

It's June 2018 and BTC continues its bear trend despite multiple incorrect predictions over the past few months from several noteworthy forecasters who thought the bull market should have already started.

The most common belief among the prognosticators was that $6,200 BTC was a big support level that would be a pivot point. As we now know, that prediction failed miserably.

The entire alt-coin market has also mirrored Bitcoin. None of the alts have broken free from the overall downtrend since the December 2017 all-time high. All of the alt coins appear to be in lock-step with big brother Bitcoin, and it is safe to assume that none of them have matured to the point that they can bust loose and deviate from its path.

The big question looming in everyone's mind is, "has Bitcoin hit rock-bottom?" But the question shoulnd't center around figuring out Bitcoin's "rock-bottom" price. It should be understanding what happens overall, based on how price activity develops.

When you look at the big picture, you can decide if you're the type of person who would feel more comfortable holding a position for several years through the ups and downs, or if you prefer to take a break in the short-term until the market turns around.

My advice to everyone is to play it safe and look at the worst-case scenario, despite all of the talk about an immediate reversal. In order to do this, we must look at the 1-week chart dating back as far as possible to get a birds-eye view.

In this analysis, we'll take a look at the overall action on the 1-week candles for Bitcoin dating back to 2016. It's necessary to zoom out as far as possible in order to get an idea of what the worst-case scenario could be.

Let's begin by identifying the current trend. In Figure 1, we can clearly see that the current downtrend is not your average correction in the midst of a rising market. After the peak in December 2017, we see lower highs and higher lows for 6 straight months.

The last time we saw an extended bear market like this was from November of 2013 all the way to January of 2015. That was a bit more than one solid year of a downtrend. But what we need to pay the most close attention to is what happened at the end of that extended bear market, which I notated in Figure 2 below.

Before the 2013 bull run spike, we saw smaller breakouts and corrections that did not span the time of what we saw in this overall picture from 2013 to 2015. This is key.

In January of 2015, a quiet accumulation period of 9 months developed before the the market ticked up to the next accumulation level in June of 2016. That next level of accumulation lasted through April of 2017. We could actually call this a period of "consolidation".

In April of 2017 the bulls took full control and the charge started. It took us all the way to Bitcoin's peak of over $19,000 before getting swatted down despite all of the hype and anticipation of breaking the $20,000 barrier. The bear market officially started, and continues on through today.

The biggest point that I want to make is this: we have yet to see a bull run jump right out of a bear market without a period of quiet accumulation followed by a consolidation phase.

It just doesn't happen! Trend reversals take time to develop, and you can't short-cut the process. That's why it is best to turn a deaf ear to all of the ridiculous bull market predictions that we have been seeing week in and week out since the all-time high.

Going back to Figure 1, I believe that the worst-case scenario that we all have to take into consideration is the trading zone delineated by the red box. I don't base this solely on the history of BTC, but by the age-old rule of the four phases of market action which are as follows:

• Accumulation
• Consolidation
• Markup
• Distribution

This is how the stock market has traded in all of history, and the only difference between the stock market and the cryptocurrency market is the time it takes to move through all four of these phases. The cryptocurrency market cuts the overall time down from 13 year cycles to a year or two.

After the all-time high in December of 2017, we have a period of "distribution", or an extended selloff. Before we can see the next BTC moon-shot, we have to see an accumulation and consolidation phase. It won't happen overnight.

While I am not a financial advisor or a professional who gives investment advice, I think everyone can learn from what history has taught us. And for those of us who are not able to invest a Brinks truck full of cash into the crypto market, it's best to play it safe and take the most conservative approach to investing.

Time will only tell. I could be dead-wrong. But taking this approach to predicting the next BTC movement will certainly prevent me from losing the last bit of change jingling in my pockets.

Carlton Flowers
The CryptoPro

Bitcoin Ben Anonymous Activist/Conspiracy Theorist Confession

BITCOIN BEN SPILLS THE BEANS ABOUT CONSPIRACIES

Bitcoin Ben, our most favorite truck driver in the whole wide world, is at it again. But now he has expanded his cryptocurrency chats with some shocking new conspiracy theories.

In his June 5th, 2018 live video shot from the Barbados, he “admits” to being a member of Anonymous, the decentralized international hacktivist group that is widely known for its various DDOS cyber attacks against several governments, government institutions & government agencies, corporations, and the Church of Scientology.

To openly announce that you are a part of an anonymous activist group on a live social media platform is kind of counter-intuitive to say the least, but definitely something that raises our interest. I was personally very shocked to hear him make this announcement. Some people believe him, and some say he is a fraud.

Whatever the case may be, it piqued my interest enough to watch the entire video and transcribe it into this blog post. I was most amazed at how he tied in several common conspiracy theories.  You should probably take it all with a grain of salt, even though a lot of this is actually plausible. Here’s what he had to say…

Global warming is not about CO2 emissions, and cryptocurrencies are connected to this environmental phenomenon. The transition from the old economic world system into the new economic system is actually based on necessity, due to the environmental circumstances we have been dealt, and not a choice.

There is a recent Clif High video where Mr. High talks about a ray coming from outer space called “UVC”. It’s like a UVA ray, but extremely dangerous to human beings. Some associate it with chem trails. Chem trails are made up of aluminum particulates which can absorb and reflect the UVC rays from space, which are extremely dangerous to humans, and they also rapidly heat up metal. This causes problems with our telecommunications infrastructure.

The governments of the world have known about this and the fluctuations of energy released as we orbit the sun. The UVC rays have the same effect as an EMP bomb, and countries are moving electric and communications lines underground to protect them from these rays. UVCs can cause massive outages, worse than solar flares.

UV-Cs are the cause of the internal pressures of the Earth to expand outward, which is why we are witnessing the volcanic activity in Hawaii. The world governments have known about this for quite some time.

Trump has spoken about how important the infrastructure is, and UVCs are going to cause us to change the way we communicate since wired connections won’t be reliable any longer. Neither will the transistors and the hardware network of the current communications grid.

The satellites in outer space will gradually lose their effectiveness as the inner earth releases chemicals into the atmosphere that will hamper the transfer of information to and from the satellites on Earth.

UVCs are very high frequency waves, stronger than what we are used to, and they interfere with our communications equipment. The 5G network, which many people are worried about, is actually based on waves that are close to microwaves. The reason they are using such a wave is due to the amount of energy that the 5G technology uses.

We are going start having a problem with the current cellular network, and the associated existing cellular technology will become less and less useful to us. The 5G network is a higher powered Wi-Fi system, and the waves will be stronger than the waves that could interfere with it.

This is why the Lightning Network is going to be based on 5G, and will be the replacement of our financial infrastructure system that we now use. As we transition, Blockchain, which was created by the US Government in 1997 for use by the military’s cellular network for exchange of cryptographic information that had to be held secret.

We are going to transition from a wired infrastructure to a wireless infrastructure because of the fact that none of the wired systems will be able to handle the load from UV-C rays that are increasingly reaching the Earth.

Everyone wondered why, when Donald Trump was elected, he kept a lot of the old people in the Treasury department. The reason is that he needs them to help us transition from the old infrastructure system to the new one.

5G does interact with your DNA, but it is the only signal strong enough to handle the transmission of data but also weak enough that it won’t kill us.  He says that depending on the speed problems of the current network, balloons might be used to temporarily transmit 5G signals to the ground.

The 5G network will allow communication and transaction over the globe reliably, during the time that the infrastructure is being moved over. Cryptocurrencies like Bitcoin and Litecoin will be used on the Lightning Network to facilitate these transactions.

The Ethereum Plasma network will run on the 5G network, not over the older infrastructure. The battle at this point is who will take control of the new infrastructure. That’s why we have a lot of attention being given to the new network by the Digital Currency Group, and why Bitcoin split and produced Bitcoin Cash. It was due to SegWit and the Lightning Network, which is supported by the globalists.

The Bitcoin Cash people may not know why they are transitioning, but they want the freedom of the larger blocks which will decentralize the system more than the Lightning Network with BTC and LTC.

LTC will run centralized on the Lightning Network, but also decentralized on the Segregated Witness platforms. They will be able to interact with each other across these platforms via the 5G network.

The 5G network is basically a high-powered global Wi-Fi for global exchange.

With the UVC waves becoming stronger and more frequent, the older network will be increasingly disrupted. This is why the 5G network is being built.

Both Republicans and Democrats want the control of the new centralized network. But there are nationalists, who want a decentralized network, are gaining power over the globalists who are behind centralization.

The overall plan is for cryptocurrencies to take over the financial system, not for the natural evolution of efficiency alone, but out of necessity due to the current infrastructure not being capable of handing the problems that have come about.

There is a big event coming which is related to “instant exchange” of information. Information will move at the speed of thought, and that will happen within the next 5 to 10 years. It will be more revolutionary than the financial event. It is called “The Singularity”. The 5G network puts us on the road to the manifestation of that phenomenon.

We as a people will change, our economic system will change, and the Earth will change as a result of all of these things.

Thus concludes my transcription of Bitcoin Ben’s live broadcast! Now back to my thoughts.

This was a shocking, far-fetched talk, and what I believe to be his most interesting to date. Time will tell if any of this will come to pass. I think he might have a few good points, and some of it could come to fruition within the near future.

I’ll continue to monitor Ben’s videos, and I hope to travel up the street to St. Louis to meet him personally and get an interview to post on YouTube. I’m sure it will be one for the ages!

Carlton Flowers
The CryptoPro

Is Bitcoin Really "Rat Poison Squared", as Warren Buffet Suggests?

IS CRYPTOCURRENCY A FAD, OR HAS WARREN BUFFET LOST HIS MARBLES?

At the annual meeting of Berkshire Hathaway on Saturday, May 5th 2018, Warren Buffet stated that he believes cryptocurrencies will come to a “bad ending” after the “euphoria wears off”. Additionally, he claimed Bitcoin (BTC) is “probably rat poison squared”, stating that he does not believe that Bitcoin is a “productive asset, unlike land or corporate shares”. He called it “a handy tool for charlatans”.

Berkshire Hathaway vice president Charlie Monger echoed Buffet’s sentiment by adding harsh criticism including a statement that “someone else is trading turds and you decide I can’t be left out”. Munger previously called Bitcoin “totally asinine”, based on the belief that everyone involved just “wants easy money”.

Bitcoin and cryptocurrency is too risky for Warren Buffet, and he has no reason to buy in to the philosophy and future of the cryptocurrency market. It bears no significance on the future of crypto as a whole, considering the fact that Buffet does not own a smartphone and rarely uses a computer in his corporate office.

There are several reasons why I do not believe that their public statements will harm Bitcoin and its future.

The value of cryptocurrency and the trend towards decentralization is happening with or without them. It will more than likely surpass the size and strength of the stock market, world markets, and real estate market. The fact is, all of these markets will more than likely become integrated into the cryptocurrency market.

There is probably no chance that Warren Buffet or Charlie Monger will get involved in shorting Bitcoin, and that is significant. They are basically taking a “hands-off” approach to the entire cryptocurrency market, and at their age, they have no reason to secure themselves ahead of it.

The banking systems of the world view cryptocurrency as a threat, and there isn’t much they can do to stop the momentum. The more that cryptocurrency gains in total market capitalization, the less power the banking system will have in keeping control of the world’s currency.

There has been talk of the government of the United States creating a “crypto dollar”, and this is a real possibility. But will it bear any significance? I think not. It is only a move that could be created to keep the general population confused and using the US Dollar as a base of trade.

But a cryptocurrency version of the US Dollar has no real use. It goes against the reason that Bitcoin and other altcoins were created. The Dollar is a centralized currency, meaning the government and central bank has total control of its volume. If a “Dollar Coin” is created, it does not mean that the government and banks will turn over control to the general population.

The government will continue to work with the banking system in “printing” dollars for its own use. The government does not create any value as a producer of sorts. But the ability to print money allows it to stay in complete control of the population.

For example, if there is a war to be funded, the government can print all of the money necessary to cover the cost of manufacturing munitions and mobilizing an army. But this devalues the dollar, and leaves the general public holding the bag. We pay for it by holding a dollar that is weaker, with less buying power. The end result is that the people must work harder to keep the same level of living.

The government creating a cryptocurrency version of the US Dollar defeats the purpose of its use. The volume of a cryptocurrency is accounted for by the unmovable Blockchain network. If the US Dollar were to be moved to the blockchain, the government and central banks would lose their ability to control the volume.

The creation of a cryptocurrency “US Dollar coin” would be meaningless. The only way it would succeed would be by the ignorance of the public in believing that its use and accounting is regulated by the Blockchain’s permanent records. Without the Blockchain, a US Dollar coin would be no different than the paper version or the electronic money that comprises of 90% of its volume.

This is why I don’t believe the attitudes held by Warren Buffet and Charlie Monger have any impact on the future of cryptocurrency. They are the last of the generation that grew up with fiat currency, and they have no reason to participate in its adoption. As the richest men in the entire world, they don’t have a reason to pay any attention to it.

A significant point to consider is the fact that Warren Buffet and Charlie Monger have no interest in shorting Bitcoin. They are taking no position one way or the other. That alone is enough proof to me that their age and generational mindset is the primary reason for their negative view of the cryptocurrency market.

As time goes on, the central banks of the world will continue to realize that cryptocurrency is a real threat to their ability to remain in control of the world population and the monetary system. Without the ability to make decisions without the agreement of the public regarding the supply of money, they will become obsolete.

Time will tell. And it will be an exciting, tumultuous process that will be unfolding. Until then, I’ll be sitting back watching, and placing my bets on the future of cryptocurrency as the next evolutionary step for world trade and commerce.

Carlton Flowers
The CryptoPro

Is Bitcoin Ready to Surge Again? Two Possible Scenarios

MY THOUGHTS ON TWO POSSIBILITIES ON THE NEXT BTC BULL RUN

The action in the cryptocurrency market is heating up again. The market cap is on the rise, and all indications are present that the next bull run is here. But when will it happen, and how long will the run continue before it takes a break?

Many of the crypto prognosticators are calling for a Bitcoin run right now. But as we all know, the cryptocurrency market is highly volatile and quite unpredictable. Over the long term, I still firmly believe that the market will continue to rise as cryptocurrency is adopted worldwide. But what will happen in the immediate future?

I'd like to present two simple possibilities and give my reasoning why my gut feeling tells me that Scenario 2 is what we will see. And I also firmly believe that the real bull run is going to happen in the fourth quarter of 2018.

Let's start by looking at the first scenario, which seems to be the most commonly held  belief.

In this scenario, many believe that we have ended the bear market with the low point of around $6400 USD. Looking at the low of $5800 this year, we see a double bottom ending with the  higher bottom at $6400. This could be a good indication that we have seen the lowest Bitcoin trading price that we will ever see.

But has the market allowed enough time for this to be the final correction? It certainly could be. I am more convinced of this possibility considering the double bottom and higher low that has occurred. But the next chart presents a clear possibility of one more final correction before the next true run.

If BTC does not continue with an absolute breakout of the 4-hour candles on the upper trend line, a final short correction could occur before the bull run. And this looks like more of a possibility to me because it would allow for an absolute consolidation of this formation.

Judging from prior years action, I believe this to be true. It's not the popular belief, but there are a few market analysts that are considering this scenario. The clue will be what happens with the breaking of the upper trend line in the next few days.

If we close above the trend line and hold, forming a base at $9800, the run is on. Time will tell. But for those playing the market for the long term, it will not matter. Those looking to enter the market or mildly trade the action for the best possible return might benefit from waiting for this final clue to occur.

Either way, we now see institutional investing on the rise. And we also see the hedge fund investors losing a lot of ground that are still hanging on to short positions since the previous low. That is a very telling clue.

The safest way to enter into the market at this time is to wait for the confirmation of breaking the upper trend line, especially for those who do not have the capital to invest large amounts of money.

My advice at this point, which is not professional advice, is to play it as safe as possible and invest responsibly. But overall, I think there is a lot to gain by jumping in to the cryptocurrency market while we are still in the "early adoption" phase.

It's a tricky situation, and we all don't want to end up wishing we had entered into the market before the final bull run takes place during 2018, which I believe will happen during the 4th quarter.

This time last year, BTC was trading at around $1000 USD. Anyone who would have predicted a run to $20,000 would have probably been told they were being ridiculous. But if BTC continues to move as it has up until now, we could see $150,000 by the end of the year.

I'll be getting back into the swing of reporting on the cryptocurrency market now that we have had several significant developments, and I'll be keeping a close eye and reporting on the altcoins too. I'd love to hear your thoughts and analysis!

Carlton Flowers
The CryptoPro

Stock Market and Cryptocurrency Market Crash? Here's What You Need To Know

INSIGHT FROM ALESSIO RASTANI ON IMPENDING MARKET DIVE

Alessio Rastani had some very intriguing comments about the recent activity in the markets, and it is something we all need to take heed to. He has been consistently one of the best market analysts that I have come across, and he is usually right when he makes educated guesses about future market direction and trends analysis.

If we are all prepared, we can position ourselves to not only survive a market crash, but to benefit from it. They key is being smart about how and when you invest your money, and the best advice is to mirror the biggest players in the markets.

Across the stock market and cryptocurrency market, we have touched upon some major critical levels since the beginning of the year. In February, we had a panic sell moment, and from all indications, we are about to retest those levels.

Jason Geppert put out a report on Friday that the “smart money”, or institutional money, is pulling out of the stock market. If this causes a drop below the 200-day moving average and go deeper beyond the February lows, this will trigger a Dow Theory Sell Signal.

When this happens, the sell signal triggers sell programs across the markets that will drive the S&P 500 and the Stock Market much lower due to these automatic market orders. This will cause the stock market to fall hard. This is something we will have to plan for.

If the stock market holds when it touches on the 200EMA and recovers, this will be a very good indication of a turnaround. But we all need to be prepared for what will happen if the market violates this critical support level.

If you are investing your hard-earned money on the stock market or the cryptocurrency market, slow your roll. Be smart about it. Now is definitely NOT the time to risk your retirement, your savings, or invest anything you cannot afford to lose. The only way to invest in this dangerous time is to plan for the worst.

Experienced traders can "short" the market, or bet on stocks and crypto coins to fall, rather than rise. This is a super dangerous strategy, and you must have a margin account to do so. But if you lose, you will lose big.

Another method that experienced traders employ to gain from a down trend is to buy on dips, and sell on rallies. This is also dangerous, but I have seen this done with great success. It is much less dangerous than playing the market on margin, however.

The best thing to do is to study the market each and every day, listening to the top market forecasters so you can determine the point at which the market will turn around and start to climb again.

The stock market works on long cycles, as long as 13 years at a time. It rotates from a time of quiet accumulation with very little volatility to a time of heightened trading volume and a slight bump in stock prices, which is called "consolidation". Next comes a major run-up, or "Bull Market", and then the institutional investors pull out and take profits. That is called "distribution".

What normally happens during the distribution phase is that institutional investors, or "smart money", sells into the frenzy while the general public continues to buy with reckless abandon. Once the average Joe investors exhaust all of their resources, the prices drop like a rock. By that time, the smart money investors are long gone, having made tremendous profits.

Right now, I believe that the institutional investors have come to realize that cryptocurrency is the future. Smart money investors are not going to sit back and watch the general public amass the wealth of the world on a major change. They will position themselves to protect their assets. They have the power to drive the markets down to the basement, and then snap up the low priced cryptocurrencies at bargain prices.

This way, they end up on top of things once the changeover is complete. This is exactly what we are seeing in the oil industry. For decades, the oil industry denied that clean energy (like solar and wind power) would become the future. But now we are watching the oil industry giants lead the way investing heavily into clean energy. The result? They will still be on top of the world when the paradigm shift has completed.

Keep that in mind while you watch the market action in the coming months. Do your due diligence, plan for the worst, and capitalize on it.

Carlton Flowers
The Crypto Oracle

Understanding the Size of the Cryptocurrency Movement

THE PARADIGM SHIFT IS JUST BEGINNING...

Each and every day I study more and more about cryptocurrency and Bitcoin. The more I study, the bigger the entire picture gets. I cannot even wrap my mind around it just yet. And things have not even come to a head.

Right now, the majority of people in the world have no earthly idea of how big this paradigm shift is shaping up to be. We still here talk of the cryptocurrency market being a "bubble", or some passing phase that will eventually crumble once governments and bankers put an end to it. The reason so many people remain clueless is the fact that the crypto market has not hit critical mass.

Conventional wisdom says, "the government will shut it down because they'll never allow something to take away their power". But the truth of the matter is, it's already out of their hands. There is nothing that will stop the masses of people in the world from doing what is natural, which is participating in trade.

When people say that Bitcoin or other cryptocurrencies won't last, or that the big bubble will burst, they speak out of ignorance. It would be as ridiculous as saying that people trading products and services will "burst" one day. That will never happen.

As long as there are human beings who live in this world, there will always be trade. And Bitcoin has revolutionized the ability for humans to do what comes naturally... trade with each other, without the interference of governments and banks.

The benefits of how cryptocurrencies work, along with the Blockchain, far outweigh the antiquated system of fiat currencies that are in use today. Comparing a fiat currency like the US dollar to Bitcoin would be like comparing a typewriter to a cutting edge personal computer system connected to the World Wide Web. You just can't draw a comparison.

Another example would be comparing the benefits to going back to horse-drawn carriages and mules and abandoning motor vehicles, airplanes, and high speed trains, because we have more ability to control horses and mules. That wouldn't make much sense.

Neither does the thinking that fiat currency will prevail and cryptocurrencies will disappear over time.

This is not a fad, or a passing phase. It's a monumental paradigm shift in the way the citizens of Earth will interact with each other. And that explanation does not even come close to doing it justice. I'm not educated on this topic enough to even begin to be able to paint a proper picture.

I'll be explaining a lot of the basics of cryptocurrency, the Blockchain, and the advantages of the shift to this futuristic platform for monetary exchange over the coming months. If you have questions, please post them in the comments below, and I might use your questions for a future post topic.

Carlton Flowers
The Crypto Pro

How to Get Started In Cryptocurrency with Coinbase

GETTING STARTED BUYING CRYPTOCURRENCY WITH COINBASE

I got started 3 days ago with my first purchase of Bitcoin only three days ago at an entry price of $9675.81 for one Bitcoin. It was a super confusing process, and was very frustrating. But I fumbled my way through it after studying it for several days.

I didn't have an extra $9675.81 sitting around to buy one Bitcoin. Fortunately, you don't have to buy an entire whole "coin". You can buy a fraction of a coin with whatever amount of money you have.

I used my Mastercard to purchase $300 worth of Bitcoin, and after the 3.99% fee for transferring money from my credit card to my account, I had $288.46 worth of Bitcoin to begin with.

First, I registered an account at Coinbase.com. You can either transfer money from a bank account, or you can use a credit card. It's easier to use a credit card, even though the fee is a little bit higher. Connecting your bank account takes a little more time.

When you register for an account and deposit at least $100, Coinbase will give you $10 extra for free if you use a referral. I messed up and missed out on the $10 bonus, but if you use my referral code in the link above or by clicking on the picture, you can receive the free $10.

Via Coinbase, you can purchase Bitcoin, Ethereum, or Litecoin. These are three major cryptocurrencies. There are 843 other cryptocurrencies that you can purchase outside of Coinbase, and you'll need to use another exchange service to do that. But we'll get to that later.

After owning my first $288 of Bitcoin, the value has risen as high as $338 within the first few days because it is moving roughly 10% per day. The market price of Bitcoin jumps up and down, but the overall trend is growing upward at a rapid rate.

There is talk of Bitcoin growing from the current price of $10,483 at the time I am writing this blog post to somewhere between $25,000 and $40,000 within the next year. The reason this is happening is because there is a finite amount of Bitcoins available to be bought on the market.

As of June 2017, there were 16.4 million Bitcoins created. The limit is 21 million. Right now, new Bitcoins are being created by the process of "mining". You can read my previous posts to get an understanding of what that means, but this is the reason for the rapid rise in value.

Bitcoins cannot be inflated by governments. Nobody has the ability to "print" Bitcoin money like the government prints the US Dollar. As you are reading this, there is a huge shift of investment into Bitcoins taking place.

Banks, institutions, businesses, and individuals are buying up Bitcoins. The number of people coming into the Bitcoin market in the near future is enormous. It will cause the value to continue to be driven up into the stratosphere.

After you purchase your initial amount of Bitcoin on the Coinbase site, you can register an account with the exchange service at Bittrex. When you create your Coinbase account, you get a digital "wallet".

You also get a digital wallet when  you set up an account at Bittrex. Once you complete that step, you can send money from one wallet to the other, and then purchase any of the other 843 cryptocurrencies from the exchange.

I am going to be putting away money on a monthly basis into my Coinbase account and loading up on Bitcoin. Then I will be able to transfer money at will to my Bittrex wallet, and for a very minimal fee I will have the ability to invest into the other cryptocurrencies.

In my next blog post, I will explain why there are so many other cryptocurrencies, and why there is a need for different types. But the first step you need to take is to buy your Bitcoin. When you buy your Bitcoins via Coinbase, you own actual currency that can be used to make purchases at over 100,000 retail services. It's not like investing in stocks. You are purchasing usable currency.

For example, you can actually buy Walmart gift cards using your Bitcoin balance and go shopping at a physical store, or buy goods and services on Amazon.com. You'd be surprised at how many local businesses in your home town are already accepting Bitcoin for purchases.

Get started with your first Bitcoin purchase so you can become accustomed to the process of using cryptocurrency. Then you will be able to move into trading currencies and create the potential for a very secure financial future.

If you have questions or suggestions, please post them in the comments section and I'll help out where I can. Get going now, and be a part of the "first movers". You don't want to have regrets 10 years down the road when you realize the massive opportunity that you missed out on to be a part of this in the initial stage.

Carlton Flowers
Crypto Coach

PS - There is RISK involved in any investment, and it applies to cryptocurrency. Do your own due diligence. This is a learning process, and I don't yet profess to be an expert. Keep in mind that with risk comes possible tremendous reward to those that are forward-thinking enough to do the proper research.

REGISTER at Coinbase now and receive $10 free

3 Ways Cryptocurrency Will Change the World

LOOK OUT WORLD, HERE COMES CRYPTO!

Time to move on to more basics on cryptocurrency. Today we'll talk about how it will change the world as we know it. But first, let's talk a little more basic stuff about why they call it "cryptocurrency".

Cryptocurrency is basically electronic money that is designed to be used safely and securely, and with privacy in mind because it is anonymous. It's predominately used online, and it uses cryptography in order to convert information on purchases, transfers, and balances into an impenetrable code.

It involves using computer science, math theory, and also computer languages to transfer cash, communications, and information over the internet in the most secure and unhackable way. Governments, regulatory agencies, and banks can't get in the middle of it because the transactions can be made completely anonymously. That's the big draw.

Enough of the new basics. Now let's talk about 3 areas where cryptocurrency will change the world in the very near future...

1. Money Transfers

The way banks transfer money from one to another is ridiculously archaic. It can take upwards of a week to complete a transaction. The system is old as dirt. Have you ever had an experience where you tried to "wire" money to a friend or family member? If you did, you'd know how awful the process is. Those days are about to be over.

Cryptocurrency can be sent to anyone with an electronic wallet (i.e. an app on your phone) in as little as 4 seconds. There's no more need to go stand in line at Western Union, and wait 24 hours for money transfers to clear. In fact, you don't even need a bank or other go-between to send cash to someone on the other side of the world. Crypto changes the entire ball game.

2. Anonymity & Shift of Power

The arrival of cryptocurrency has major implications when it comes to the potential shift of power from the governmental institutions and banks to the general population. It takes the power out of the hands of the traditional rulers and hands it over to the common people.

Bitcoin and other cryptocurrencies are transacted on the Blockchain. It's like an electronic ledger that lives on an independent network of computers on the world wide web. Banks and government institutions can't get in the middle of it, because they are not needed. Transacting business on the Blockchain without the IRS watching your every move just might be an attractive thing that could possibly catch on (sarcasm intended).

The banks can't squeeze their way in either, and might be obsoleted by this new process. If you count up the ways that banks charge you to have your own money, and how microscopic of a sliver they give back when you let them use your money, it doesn't leave much motivation to stay with the plan when there is a free and anonymous alternative in crypto-commerce.

3. Safe Money Transfer for Developing Countries

Smartphone use is exploding in Africa, in the most under-developed areas. Africa is a "goldmine" for technology growth, and the fact that smartphone use is becoming so common, it creates the perfect platform for tapping into the power of cryptocurrency.

Right now many people in Africa are using mobile phone credits as a medium of exchange for commerce. There are obvious disadvantages, like the time it takes to make transfers, and the hefty fees that are snatched out for each transaction. Fees can be as high as 20% per transaction. Cryptocurrency will level the playing field and revolutionize commerce in Africa, and it will provide a much safer platform for commerce as opposed to phone credits or storing cash.

CONCLUSION

The implications of cryptocurrency adoption throughout the world go far and beyond these three examples. I'll be adding to this list in future posts, and it will leave you no shadow of a doubt that cryptocurrency is here to stay. From what I have learned thus far, I'm convinced that this is not a passing fad. The advantages are far and beyond fiat currency, and each passing day we see proof that the trend towards crypto is just getting stronger and stronger. Watch the birdie!

Carlton Flowers
Supreme Cryptographer