What is wrong with Bitcoin? That is the problem that readers of The Bauman Letter were presented with. Ted Bauman, a well known financial expert and analyst, explained in full detail what exactly is wrong with Bitcoin. There is a big problem with Bitcoin that will definitely prevent it from becoming the global currency that so many so called experts out there claim it will become. There is no chance of Bitcoin growing any significant amount if this problem is not resolved. Until then, it will remain a currency that is far from being used on a global scale and is limited to select few online merchants. Follow Ted Bauman at stocktwits.com
Let us imagine the following story. It is a bunch of years down the road, and you are on a business trip. You have parked your car in the garage at an airport. After being away for a few days on a tiring business trip, you finally get back and all you want to do is head home and enjoy yourself. You go to the garage and you want to pay the fee that will let you take your car out of the garage. However, you need to pay with Bitcoin, perhaps because the machine does not accept anything else (remember, this is just a theoretical situation that may take place many years down the road) or because you forgot your wallet or your credit cards and you do not have any cash. You pay Bitcoin by using the machine, which connects to your account. You wait for the machine to let out your car. A minute goes by, and then another minute goes by. Five minutes pass. Then ten. Finally, an hour or two later, you are let out. Read more at ezinearticles.com about Ted Bauman
This is not a scenario that may never happen. If everyone truly switches to Bitcoin, then this may be a huge problem. The truth is that Bitcoin takes a long time to process transactions. It can only handle a certain amount of transactions per second. Already it is taking many minutes and sometimes up to an hour or more for a transaction to go through. If everyone starts using Bitcoin, the technology behind it will simply not be enough to sustain all the transactions going on. It will simply not work.
Ted Bauman is the editor of the Bauman Letter at Banyan Hill Publishing. He offers expert advice on investments. More info can be found at https://tedbaumanguru.com/
Recently, an online publication did an interview with Mr. Matt Badiali explaining his huge success in the natural resource stock market. When asked about how he came up with the idea of Real Wealth Strategist Mr. Matt Badiali explained that it all came from having ordinary people struggle to invest in natural resources successfully due to their highly speculative and cyclical nature. Another reason that made him start his own newsletter on natural resource investing was the fact that at the time there was a scarcity of individuals with the right skill set doing publications in an effort to help the struggling ordinary natural resource investors.
Considering the academic qualifications of Mr. Matt Badiali given that holds a Bachelor’s of Science in earth sciences and a master of science in geology for Penn State University and Florida Atlantic University respectively and the vast experience he has gained in Finance spanning a period of more than 10 years helping his friend come up with ways of investing for the ordinary person, he knew he had the unique skill set required to help everyday investors on main street to be successful in investing in natural resources, energy, and metals .
In May last year, Mr. Matt Badiali joined Banyan Hill Publishing and launched his first newsletter known as Real Wealth Strategist. Real Wealth Strategist is a newsletter whose main focus is stock recommendations about the most lucrative investment opportunities in the natural resources sector, metal and even the energy sector. In the past months, the newsletter has been able to build a strong network of readers who are always ready and willing to jump on to the next issue to have a piece of the natural resource stock recommendations in a deliberate and conscious effort of making good money in the process. Read more on Matt Badiali Joins Banyan Hill Publishing
Speaking of good money, a number of his readers have more often than not reported huge gains in the natural resource stock marketplace with some reporting as high as double-digit to triple-digit gains on their initial investments. One of the things that helps Mr. Matt Badiali come up with the best natural resource stock recommendations is his hands on deck approach whereby he goes all around the world speaking to the people that matter in the industry including chief executive officers of different companies at the respective company’s headquarters to the man on the field who understands the day to day running of the operations of the company in an effort to find the best possible natural resource investment idea.