Macroaxis Story Overview

Macroaxis News
By Nathan Young

December 8, 2017

By now I’m sure you’ve all heard of the monster moves Bitcoin is making. Generating profits for many, while attracting new money at the same time. We have yet to see a huge pullback and that might be creating a false sense of security. Futures products are being released in the coming days, possibly putting negative pressures on the market. Despite the news of Bitcoin, you have to dive deeper and unearth why Bitcoin is the way it is. The technology behind the cryptocurrency is what people are truly excited about.

The Fallout Bitcoin Is Creating in Other Areas of the Market

First, do not get caught up in the hype of Bitcoin. Now is far from the best time to invest, but that doesn’t mean ignore the product. Goldman Sachs, one of the largest investment banks has been testing the blockchain technology, finding tremendous success. Blockchain technology has the potential to be more efficient and safer than the way we transact today. What that means for the future is to keep an eye out on these companies to implement the technology. It may boost stock prices and increase margins, brining more potential returns to investors.

Secondly, Bitcoin has expanded products in the market with these new futures contracts. By having this trading and investment option, it will bring more validity to the product itself. Right now, the largest issue is skepticism and rightly so given the nature of the current market.  

Third and lastly, look at companies such as Visa and Square who process transactions as a core business model. Blockchain is the real game here while Bitcoin is the face. The technology could involve less people, quicker transaction times, and ultimately trickle down to the investor better returns.  

Take a step back and look at the macro picture because there are many different ways to potentially profit, given the nature of the best. First, look to the financial sector to adopt the technology behind the Bitcoin craze. While Bitcoin will eventually stabilize, the technology will grow and spread. Secondly, look at place to begin accepting the cryptocurrency should it stabilize as a reputable currency. Square is in the process of accepting Bitcoin payments and that could just be the start. Lastly, do not overact and give in to the pressures of FOMO, fear of missing out. The news is hyping up the cryptocurrency but don’t allow it to override you investment plan.

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