Legal Insider Bot Or Trading Bitcoins – Which Is The Better Option?

binary options trading These days there are so many new and exciting options available for traders looking to play around with new investment vehicles and new markets in which to trade. Two of the most popular new trading arenas are Bitcoins and binary options.

The thing I like about binary options trading is that it is just so simple, and apparently there are cool new tools that let you trade options totally hands free, using  proprietary systems that figures out what direction the money is moving in before anybody else.

Meanwhile there are those who don’t even know about this because they have abandoned options trading and moved on to something many agree is even more groundbreaking, trading cryptocurrencies like bitcoins.

The great thing about Bitcoin, and the reason why it’s gaining in popularity these days, is that it can be transferred electronically without the need for an intermediary.  It offers complete freedom and control over one’s currency.  Another major benefit is that transfers can be completed without any personal identification markers.  Essentially, making the transfers completely anonymous.

The problem is that Bitcoin is still in its infancy stages and it has not yet fully matured to the point where it is a ubiquitous currency.  Anyone interested in investing with Bitcoin needs to understand some of the basics of this crypto currency before they jump in and start investing time and money.

Bitcoin is far from the ideal at its present stage. However, the benefits of using this new form of currency are many.  In today’s increasingly mobile, global economy, the need for a new form of currency that allows freedom, control and liquidity can only be regarded as a good thing not only for personal freedom of choice but also for economic development as a whole.  After all, why endure administrative fees of a financial institution intermediary or the arbitrary bureaucracy of an incompetent governmental institution, when you can simply cut them out and complete a transaction on your own?

The bottom line is that there are benefits and risks to everything we do in life.  The question any investor worth his salt needs to ask is whether, after conducting a thorough risks/benefit analysis, the risks are worth it.  In the coming years, Bitcoin and other alternative currencies will mature.  The fact remains that there is a demand for these new forms of currency.  It’s essentially the free market at work.  Now that technology is catching up with this need, we are seeing it increase in popularity.

My recommendation, if you have the time is to play around with both Bitcoins and binary options in order to see which one you like best. A trading software like the Legal Insider Bot will make getting started with binary options so quick you’ll have plenty of time to dedicate to getting the hang of making money with Bitcoins too!

Why has cryptocurrency become so popular?

bitcoin cryptocurrency

The recent rise of cryptocurrency has baffled a lot of economists. Many predicted cryptocurrencies represented nothing more than mini-micro-economic “bubbles” that would be sure to burst and create massive losses for those “foolish enough” to invest in such currencies. The problem is, at least for the conventional economists, is that they couldn’t be more wrong.

Entire sectors of the economy now exist solely on the internet. Just look at the rise of Amazon as an example. Indeed, many predict that within 50 years, brick and mortar businesses will be as quaint and inconsequential as the local “mom and pop” grocery stores of recent history. Heck, malls are shutting down across the country because no one needs to go to the mall anymore—just buy what you need online! If you had predicted the demise of malls just a few short years ago, you’d be considered a quack or even a kook!

Now, in addition to the growth of online economies, we’ve got the growth of entire underground online economies that value privacy above all else. Just look at the rise of Bitcoin as an example. One of the things people love about Bitcoin, is there is a greater emphasis on privacy protection. In fact, many think Bitcoin offers complete anonymity, or at least greater privacy protections, than conventional currency options. For this reason, many believed Bitcoin was the currency de jure for online criminals who wanted to transfer whatever illicit goods they were dealing in without the worry of being tracked.

There’s a flip side to this, of course. Take a look at the growth of Reddit and other online communities as an example. Many “redditors” are paid by other “redditors” in cryptocurrency such as Bitcoin for various services. Most “redditors” are under the age of 30. This certainly is becoming more and more the norm. And as the next generation ages, the idea of alternative cryptocurrencies will not seem fringe at all!

Is Forex Still A Go-To Investment Option?

Many traders have been excited about the unmatched liquidity of forex.  After all, it makes sense that more and more would be interested in forex given how much easier it is these days to stay connected via the world wide web.

However, some worry that although there’s the lure for high returns, there may be a downside.  And sure enough there is a downside, but as with anything, you can’t benefit from something unless there’s also the potential for a downside!

What I like about forex is that it’s very simple for a beginner to get started with it.  Not only that, but it offers location independence, so for those of us who enjoy the freedom of working from anywhere with nothing more than a laptop and an internet connection, it sounds like the perfect fit.

Let’s face it, as we become more technologically advanced, our methods of communications are becoming more technologically advanced.  In turn, we’re learning more and more sophisticated ways to streamline how to achieve success and find happiness in our lives.  Technology is only going to increase the long term viability of forex as a sound investment option.  Therefore, it only makes sense that more and more people are going to turn to Forex as a means of planning for long term financial security.

In the end, I see this as a certain way to bring about global prosperity.  It may sound crazy, but when you look back at history, there are numerous examples of how the interconnection of technology and financial and economic models resulted the betterment of human kind through the growth of the middle class.  Just look at what the industrial revolution did for Western Europe and the United States!   Well, we’re entering a new phase in human history—the technological revolution.  The internet is leading the way and the growth of forex markets and its viability is simply indicative of that.