Paul Mampilly Says Investors Should Get Out Of Bitcoin Instead Of Buying It

Paul Mampilly wrote in a Banyan Hill article about telling a friend once about selling off tech stocks in 1999 right before the year of the dot-com crash. She kept seeing the stock rise and told Mampilly that she needed to hold onto it so she could become wealthy in one more year. But after the crash her portfolio lost nearly everything and she later wished she had heeded his advice. Mampilly admits he may even have sold his stocks a little too early in the period leading up to the crash, but in the end he was glad he did because his assets were safe in the long run. Follow Paul on Twitter.

Paul Mampilly says another bubble is hanging right now in the cryptocurrency market because Bitcoin was reaching prices that were too high in 2017. The pattern in the cryptocurrency market is the same as it was in the dot-com market, and that’s why Mampilly is telling people not to buy Bitcoin. He says he believes in several years after the Internet of Things takes off and the need for digital currency grows, Bitcoin will be a great investment. But for now Mampilly suggests looking elsewhere and lists other digital currencies in his newsletters.

Paul Mampilly was seen as an up and coming Warren Buffet in his younger days in the big bank offices. He was ambitious and eager to learn all the tricks to the trade of investing, and as he gleaned more information about the markets he was able to invest client assets in high-performance funds. He served at Deutsche Bank, ING and Banker’s Trust before becoming managing director at Kinetics International Fund where client funds saw about 26℅ in returns.

Paul Mampilly had a great paying job while living on Wall Street, but he wanted to help average Americans instead of the top 1℅. He had already had a lot of wealth built up in his personal portfolio, and now he wanted to allow others to see it and learn how to accumulate their own wealth. So he decided to become an author for Banyan Hill because many other former executives also wrote articles there, and he knew he could create videos and offer perspectives to readers that they were unlikely to hear elsewhere. Mampilly covers stocks and ETFs in segments such as the Internet of Things and millennial entertainment trends. You can gain knowledge from reading his newsletters at www.BanyanHill.com.  See more: https://www.facebook.com/PaulMampillyGuru/

 

Meet Ian King, The Crypto Specialist

With more than two decades in market analysis and the making of exceptional trade projects, Ian King is not only an entrepreneur but a famous cryptocurrency dealer. As enthusiastic as he is, he happily shares this expertise with Banyan Hill Publishing. His role includes laying out strategies on how others, with the appropriate marketing systems, can reap the benefits of crypto trading.

He studied psychology at Lafayette College, and before joining Banyan Hill Publishing 2017, he worked at Salomon Brothers and later joined Citigroup. He was also the lead merchant for Peahi Capital for ten years. View Related Info Here.

His work experience is what sparked his interest in cryptocurrencies. His focus is on cryptocorns. You may be well aware of other cryptocurrencies like Bitcoin, which has boomed over the years, and Litecoin, Monero, Ripple or Ethereum. However, the game is changing, and there is the introduction of a new cryptocurrency known as cryptocorn.

It is a startup with a valuation of $1 billion, which, according to Ian King is one of the cryptocurrencies that is attracting more investors. He owes this to the fact that non-traditional innovators are yearning to invest in these types blockchain novelties.

Commenting on the arrival of Cryptocorns, he states that the demand for the blockchain technologies employed by many companies has a small supply. As a result, there is an influx of investors doing their best to gain roots in the sector, and this has led to price increases, hence the introduction of a new unicorn, cryptocorn.

In his article, Bitcoin: The End of the Beginning, he outlines that despite the stretch in its trading, this year is perfect to invest in cryptocurrencies. He says that the venture, which started small has ballooned and has become a worldwide phenomenon. The crypto business has gained mainstream success, and unlike the Wall Street, it is there to stay. Governments and companies are always on the lookout for blockchain gurus. The desire is to incorporate the technology into the already existing enterprises.

Ian King is a significant contributor to cryptocurrency trading on Medium. His passion led him to develop a platform where the world can understand about this form of trading and how comfortable, secure and unstoppable it is becoming. He believes that the time for building trust on digital money is here. Dealing with intermediaries is no longer safe and secure, he says.

Mr King is considered an expert because of his experience and belief in the cryptocurrency world. His years of analyzing the financial markets and among the lead contributors of the topic in Investopedia, he is worth paying attention to. More info can be found at https://plus.google.com/u/0/101885735581062983847