DELMAR GUILLEN SOLORZANO

A business or? It is not uncommon for Bitcoin to be presented as an alternative that solves everything. In fact, the approach is very simple. The universal adoption of Bitcoin will solve all the problems of the world economy. And it will do wonders for our pocketbook. I am referring to the utopian thinking of “Bitcoin fix that” and “a Bitcoin is a Bitcoin”. I am not talking about Bitcoin here as an investment with great potential. What is being considered here is something much more radical. It is to completely change the world political, economic and financial system. But what do we do in the meantime? How do we pay the bills? This is the difference between Wall Street and Bitcoin. The crypto community is obviously much more ideological than any other market. Of course, there is no official creed or list of principles, but there is clearly a narrative. The intervention of the government in the economy is constantly rejected and a kind of return to a hard currency system is promoted. Apparently the Bitcoin pattern. That is, the separation between the economy and the state. This new world is based on libertarian ideas and a free market fundamentalism. In other words, a kind of techno-anarcho-capitalist revolution. Keep reading: Now all this is valid. But, within the crypto community, there is also a second group of people who consider themselves more investors than revolutionaries. I would venture to say that they are the silent majority. That group cares more about the present than the future utopia. They are more concerned about their pocketbook than the crash. And that group thirsts for financial sanity. Suppose we have $ 10,000 in it. What should we do? Start a business or buy Bitcoin? Many people enter the crypto space out of curiosity. However, crypto is not very easy to digest. Newbies live in constant confusion. And many are intimidated by so much conflicting information. The whole thing seems like a big cult. They all speak the same. They all repeat the same anti-establishment propaganda promoting the Bitcoin utopia. And in the meantime, new investors don't understand what's going on. The most curious thing is that in the Bitcoin utopia, apparently, nobody is going to work. Everyone talks about savings and a hard currency. The important thing is that the currency does not lose its value so that we can all save. And what about business? And work? The Latin American businessman is no fool. Most entrepreneurs first heard of Bitcoin in 2017. It all comes down to the following. In 2017, Bitcoin was at $ 20K and it has been 3 years. Now it's $ 10k. In Latin America, an entrepreneur with a work ethic and some capital in 3 years achieves better returns than -50%. In short, the violent fluctuations in the price of Bitcoin do not give much confidence to the average businessman. Despite the underdevelopment of Latin American economies, it is still possible to do business in the region that offers excellent returns. In fact, it could be said that due to the immaturity of the markets in it is possible to obtain higher profit margins than in the United States or in. That seems like a contradiction, but it is easily demonstrable. In Caracas, Bogotá or Lima, it is possible to find a business that offers more than 30% profit. For example, anyone can import a product from the US and sell it at a hefty profit. In the United States or in Europe, this is not so simple. Keep reading: Let me share an anecdote with you. A friend (Venezuelan) bought $ 10,000 worth of Bitcoin at $ 13,000 per unit in early 2018. Time passed and the price of Bitcoin was painfully dropping. Anyway, he waited very patiently for a while. However, there came a time when he could not take it anymore and sold assuming a loss of 75% of his investment. My friend is a merchant. I, of course, recommended that he not sell. In addition, I explained my vision as a long-term investor. However, he presented his argument to me. "Gustavo, I need that money to do business." "In a few months I can recover what I lost and do more." "Why sit and wait?" "I can work with that money" After our conversation, my friend did indeed sell all of his Bitcoin. Then he used that money to import hoses from China that he found at Ali Baba at a discount. Within a few weeks, the hoses arrived at the port and then he offered them to all the hardware stores and related stores in the city. After a couple of months, he sold everything. And did a second import. This time bigger. And he returned with his sales campaign. The business was all successful. In less than 6 months, he recovered his investment and made a huge profit. In fact, he made up for what he lost with his sale of Bitcoin. Now he has several cars for sale. Sure, he's still in the hose business, but now he's also importing bicycles. After almost three years, Bitcoin is still below $ 13k (the price it paid in 2018). He certainly sold his bitcoins prematurely, but now he has a thriving business. Bitcoin is an excellent investment asset. But we cannot forget that we must also do business. There is no substitute for hard work. "Bitcoin fix that" we should change it to "Hard Work fix that". Hard work is the solution. And that is essential. We must understand the difference between the transfer of wealth and the creation of wealth. A speculative asset like Bitcoin or he revolves around the transfer of wealth. There is no creation. Keep reading: Wealth transfer is not bad. It is perfectly valid to have gold or Bitcoin. But we cannot forget to create wealth. That is, we can invest in Bitcoin, but we cannot stop working. The sensible thing to do is a dual system. In other words, you have to have a business that generates capital. And then part of that capital can be placed in Bitcoin. Hard work and investment. Wealth creation must come first. Then we can think about transferring wealth. Production comes before investment. It is not about being cynical about life. But ideology is a danger to the pocketbook. If we fully accept what many utopian bitcoiners tell us, we could do a lot of financial nonsense. Romanticizing Bitcoin is a very common failure in this space. Very often, falling in love clouds our reason. In this sense, you have to be a bit skeptical of the official narrative. Our priority must be: taking care of our money. In financial matters, you have to think as an investor, not as a politician. That is, we must objectively study the risks, alternatives, and opportunities of our investments. We must always make the most sensible, practical and realistic decision.

During the past year the Forex currency market was marked by the change of direction of the monetary policy of the central banks, as well as by a high degree of uncertainty. However, the outlook at the end of the year gave us to understand that, in 2020, there were good latent opportunities for traders. However, to get good results operating in this market, you must have the right skills and tools. For this reason, we put at your fingertips a FREE Forex course that will help you to know in depth this market and also to identify its trends. Forex trends By way of synthesis, below we will show you the main trends that the Forex market had this year before the global impact of the Coronavirus. We will highlight what was the situation at the beginning of the year in the currency markets of Asia, the United States and Europe. Finally, we will analyze, in this time context, the main indices of the continent, given their influence on the rest of the markets. United States It is worth dwelling on the behavior of the US dollar since 2017; an upward trend motivated by the increase in interest rates from the United States Federal Reserve (FED). However, the announcement made at the beginning of 2019 about the cessation of the increase in these rates, together with the downward behavior That manifested itself during the months of September and October, predicted that the currency would weaken in 2020. Which has been the case, for this and other more serious and obvious reasons. It highlights the fact that the major US market indices had remained bullish. In addition, they were expected to have a similar behavior in the following months. Asia At the beginning of the year, specialists anticipated that conditions were conducive for the Japanese yen to position itself against the US dollar. It was one of the most widely used currencies internationally. It is also important to note that the trend of the USD / JPY currency pair was directional and that its movement could have generated opportunities. Influence of the main European securities markets The DAX30 index, which corresponds to the German stock market, reached its highest level in January 2018. However, after this peak, the index fell by more than 20%. This circumstance was justified, to a large extent, by the profit warnings issued by various companies in the automotive sector, including Mercedes Benz, Volkswagen AG and BMW AG. For its part, the FTSE100 remained bullish until the middle of 2019. After this date, and until the beginning of 2020, its trend was downward. The forecasts for this index were already reserved at the beginning of the year, due to the uncertainty surrounding Brexit and the dependence on the materialization of pending agreements with the EU. Europe Regarding the euro, a bearish behavior was appreciated at the end of 2019, although it was expected to have a small rise and reach the figures registered at the beginning of the previous year. This trend was related to the reactivation of the quantitative easing program by of the European Central Bank, which had among its objectives to face the economic slowdown. This is the summary of the situation and predictions that were made at the end of 2019 and the beginning of 2020 for the markets and the main countries around the world, positioning Forex as a good candidate for 2020. Of course, the real influence of the Coronavirus has greatly influenced these predictions that, we still do not know the turns that they can take between now and the end of the year and for the next 2021. In any case, knowing the Forex trends will allow you to make an adequate trading strategy operating with a low level of risk. And, to facilitate your performance as a Forex trader, we highly recommend that you sign up for the next edition of BPT's free and online trading course with which you can develop the skills that this requires. market.

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