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Mainnets and Token Swaps – April 2019

Contact us immediately to ensure you secure a limited place!

 

3rd April 2019

Spectrum (SPT)

Token Burn

Spectrum is planning to burn 100M SPT.

https://medium.com/effect-ai/effect-ai-brings-artificial-intelligence-to-eos-main-net-ead7e68e09fa

 

11th April 2019 (or earlier)

Kore (KORE)

Fork

The fork is expected to occur in less than 30 days.

https://medium.com/@Waltonchain_EN/waltoncoin-wtc-exchange-list-2d211728086b

 

30th April 2019 (or earlier)

Walton Chain (WTC)

Main net token swap

This is expected to take place in mid to late April.

Note: DO NOT transfer your ERC20 WTC tokens to Waltonchain Wallets before the mainnet token swap.

https://twitter.com/NewKoreCoin/status/1104697677751627777

 

Effect.AI (EFX)

Migration to EOS Blockchain

The Effect Network will be migrating to the EOS Blockchain, which the project considers top be “a leading blockchain platform.”

https://spectrum-token.com/#roadmap

 

Your personal broker would be happy to discuss some of these projects. Contact them today!

Whether you are new to the market, or a seasoned trader, Caleb & Brown can help to realise your goals. Call us on +61 1800 849 149  or Contact Us to discuss further.

connect with us

 

The information herein is not intended as legal, financial or investment advice and should not be construed or relied on as such. No material contained herein should be construed or relied upon as providing recommendations in relation to any legal or financial product. This email contains confidential information intended only for the person named above and may be subject to legal privilege. If you are not the intended recipient, any disclosure, copying or use of this information is prohibited and you must destroy the original transmission and its contents. Caleb and Brown provides no guarantee that this communication is free of virus or that it has not been intercepted or interfered with. If you have received this email in error or have any other concerns regarding its transmission, please notify support@calebandbrown.com. Any views expressed within this communication are those of the individual sender. This communication should not be copied or disseminated without permission.s The information you provide will not be given to any third parties. If you need to request changes to any information you have provided, please contact us. The information will not be given to third parties unless we are compelled by law. Any personal information in this document must be handled in accordance with the Privacy Act 1988 (Cth).
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3 Keys to Crypto Mass Adoption

As featured on Crypto News – ‘3 Keys to Crypto Mass Adoption’

The nascent asset class of cryptocurrency has grown rapidly since the creation of Bitcoin. 10 years later, the industry made a great amount of progress towards a decentralised form of money in the form of exchange availability across the world, legal tender status in many jurisdictions, futures, and the accessibility of cold storage solutions.

However, one problem the cryptocurrency space continues to face is the debilitating damage of hacks of online exchanges. These hubs for crypto trade are especially prone to hacks because of the inherent risk of holding large amounts of assets in hot wallet solutions.

Below is a list of some of history’s largest cryptocurrency heists:

The hack on the Japan-based Coincheck exchange in early 2018 marked the largest breach of a digital cryptocurrency exchange platform since the Mt. Gox hack four years prior. This marked only the first of several additional security breaches throughout 2018. According to major hardware wallet manufacturer Ledger, over USD 850 million worth of cryptocurrency was stolen from online exchanges in 2018 alone – marking more than 50% of all stolen cryptocurrency since the technologies inception. When these cases are considered cumulatively, the losses exceeds USD 1.5 billion.

 

What does this mean for cryptocurrency?

We are being faced with an asset class that is growing at a rate faster than regulators and security experts can feasibly keep up with. But, this doesn’t mean progress is not being made at all. The support for cryptocurrency and blockchain legislation, and the promotion of secure crypto-related practices are becoming more prevalent than ever before.

For us at Caleb and Brown we believe the following three areas are the most important for the cryptocurrency space to bolster consumer confidence and increase societal adoption.

1. Regulation: A cryptocurrency exchange framework

Financial regulators must approach the cryptocurrency space with the same degree of monitoring and scrutiny to ensure the interests of the consumers and businesses are both protected. A standardised framework around the security, financial and auditing requirements needs to be developed by regulators. We’ve seen commendable developments from government agencies around anti-money laundering (AML) and know-your-client (KYC) laws, but other financial sector regulations appear to be lagging behind. Embedded within the cryptocurrency movement is an inherent scepticism of governments and the centralised control, in favour of individual control and liberty.

Unfortunately, to see a significant increase in societal adoption, the everyday investor must feel comfortable enough to invest in the space as well. Without an appropriate cryptocurrency exchange framework in every jurisdiction, bad actors may continue to operate and eventually fail due to misconduct. Ultimately, to achieve any sort of lasting, effective and timely change, the government will have to act rapidly to protect consumers – particularly from those who want to exploit widespread support for this technology.

2. Business security and accountability

Exchanges and businesses who operate in the Cryptocurrency space need to ensure security is their primary concern. In 2019, many have learned the hard way about the dangers associated with storing their private keys to cryptocurrency on a digital exchange. The hack of the New Zealand-based exchange, Cryptopia and the mysterious disappearance of private keys in the case of the Canadian exchange, QuadrigaX, exemplifies the risks of trusting a third party to take custody of your assets. Exchanges and businesses who operate in the space need to prioritise security and be held accountable for their customers compromised assets. In a new industry rife with proficient hackers, only businesses that operate with integrity and responsibility will survive and continue to provide value.

3. Consumer education

The final avenue is to improve personal and institutional education surrounding cryptocurrencies and safe handling practices. As it currently stands, educational resources within this space are more prevalent and accessible than ever.

First and foremost, truly understanding the risk and volatility of an infant marketplace such as this is an important, and oftentimes painful, learning curve. You must ensure you are aware and confident in the security and custody standards of your preferred exchange service, so you can better protect your investments. For the most part, all it takes is a compromised email address to access any of your online exchanges accounts. Some sites enforce security protocols such as two-factor authentication (2FA) or unique security questions, but none of these solutions compare to using cold wallet storage.

A common aversion to using cold wallet storage – the most secure way to store your digital assets – is the seemingly complicated setup process. For some, a hot wallet solution may seem like the ideal solution with its added simplicity, flexibility and convenience. But, as most transactions I process exceed UAD 5,000, I cannot overstate the value of investing in a cold wallet to our clients. Using a cold wallet solutions, such as LedgerTrezor and others, gives you complete control over your digital investment, and in the long run ensures a relatively seamless and secure cryptocurrency experience.

 

We encourage all businesses and consumers to adopt these strategies so we can create a climate that encourages growth and prosperity through secure measures. We are all still in the early days of the cryptocurrency industry. And now, more than ever, it is evident that we still have a long way to go to reach widespread adoption.

– Written by Jackson Zeng

 

About Jackson Zeng:

Jackson Zeng is the COO of Caleb and Brown, who are available to guide new and seasoned investors. Jackson has over five years of trading experience in the cryptocurrency space and founded Bit By Bit Capital, one of Australia’s first private trusts investing in cryptocurrency.

Buy Bitcoin and 100s of other cryptocurrencies with Caleb and Brown

connect with us

Call Jackson on +61 1800 849 149  or Contact Us to discuss further.

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Price Commentary – Bitcoin – 14th March 2019

Commentary by Jackson Zeng, COO Caleb & Brown

Bitcoin: USD $3,851 (14 Mar 2019 2:53 pm)

Another steady week for Bitcoin. This week we ranged from $3,770 to $3,950, consistently maintaining above the 50 day EMA.

However, it looks like margin long positions are closing while shorts are opening as the two are currently converging. This would indicate to me that several traders are showing a lack of short term confidence in Bitcoin sustaining current price levels. RSI continues to remain neutral.

A positive note is the absence of a rapid retracement when the price encroached toward the $4000 price tag, but it’s likely too early to tell. Once again, we’re paying close attention to the band between the moving averages and the $4000 level in the coming weeks.

 

Buy Bitcoin and 100s of other cryptocurrencies with Caleb and Brown

 

Whether you are new to the market, or a seasoned trader, Caleb & Brown can help to realise your goals. Call us on +61 1800 849 149  or Contact Us to discuss further.

connect with us

 

The information herein is not intended as legal, financial or investment advice and should not be construed or relied on as such. No material contained herein should be construed or relied upon as providing recommendations in relation to any legal or financial product. This email contains confidential information intended only for the person named above and may be subject to legal privilege. If you are not the intended recipient, any disclosure, copying or use of this information is prohibited and you must destroy the original transmission and its contents. Caleb and Brown provides no guarantee that this communication is free of virus or that it has not been intercepted or interfered with. If you have received this email in error or have any other concerns regarding its transmission, please notify support@calebandbrown.com. Any views expressed within this communication are those of the individual sender. This communication should not be copied or disseminated without permission.s The information you provide will not be given to any third parties. If you need to request changes to any information you have provided, please contact us. The information will not be given to third parties unless we are compelled by law. Any personal information in this document must be handled in accordance with the Privacy Act 1988 (Cth).
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Women: The Cryptocurrency Industry’s Final Frontier

As featured on Micky News – ‘WOMEN: The Cryptocurrency Industry’s Final Frontier’

As the world celebrated International Women’s Day on the 8th of March 2019, there were concerns about the place of women in many industries, and cryptocurrency is no exception.

 

A recent study by London Block Exchange suggested that only 13% of women would consider a Cryptocurrency investment and in Oct 2017, and MyEtherWallet reported that only 16% of their wallet holders were female.  

At the time of writing this, a review of Google Analytics data suggested that only 8.27% of Bitcoin community engagement was from women.

https://twitter.com/myetherwallet/status/921579075897933824

More concerning is that these statistics don’t seem to surprise anyone within the cryptocurrency space, or even outside of it.

Excuses such as females being more biologically risk-averse and trading culture being incompatible with female lifestyles, are thrown about with an almost foregone sense of definitiveness. That the youthfulness of the industry leads to it being populated largely by the demographics of its precursor Cypherpunk and Libertarian movements is a more credible explanation. Equally, adopters too have been from the finance and tech community, again largely male dominated fields.

Outside of this, there are still a number of reasons why the crypto ecosystem could see a greater comparative rise in female representation.

 

Gender wealth imbalance

For one, as one of the core ideological motivators, the cryptocurrency paradigm has the promise of greater equity in the distribution of global wealth. Women have traditionally had the smaller slice of the global wealth pie and despite a shift toward greater parity in the last decade. As per Credit Suisse’s Global Wealth Report 2018, women still only hold 40% of the world’s wealth, with this number seeing significant declines in regions outside the EU and North Americas. A new financial ecosystem that promises a redistribution of this wealth imbalance then, seems suited to the 50% of the population who suffer from these issues.

Credit Suisse Global Wealth Report 2018

 

However, ideological promise does not necessarily equate to practical realities. But, even on that front cryptocurrencies seem to facilitate the female cause and adoption.

The many parts of the crypto puzzle

Cryptocurrencies present a unique challenge to those that are unfamiliar with the technology due to the nature of its founding ethos. Prior knowledge of finance and economics are of much less utility than when approaching any other financial network. This serves to reduce the knowledge gap for anyone fresh to the industry.

It is no secret that within the financial sector, women are grossly underrepresented, suggesting a generally lower baseline level of expertise in financial markets. In an area where financial acumen is not as decisive a factor, the cryptocurrency industry offers an opportunity for more women to enter a relatively level playing field with their male counterparts.

Equally, crypto spaces tend to be rather welcoming when it comes to education. Most cities with a crypto community host very regular crypto meet-ups, education sessions and events. On an individual level, crypto enthusiasts often relish the opportunity to introduce newcomers to the expansive crypto universe.

A top-down, industry-level perspective though, is where the greatest potential for female involvement stems from. Traditional financial spaces have seen decades of male domination and over-representation, a distinct gender power imbalance and set gender roles which have all too frequently veered away from female leadership. However, the cryptocurrency space, starting afresh as it is, has none of that ingrained structure and stigma. It just hasn’t had the time to etch that into the cognitive memory.

We are already seeing this manifest. 50% of Binance’s management staff are female, including co-founder Yi He; Kathleen Breitman, CEO of Tezos that raised $232M; Elizabeth Stark, CEO of Lightning Labs that is developing second layer software for the Bitcoin network; and Amber Baldet who heads the Blockchain Centre of Excellence at JP Morgan – a traditionally male dominated bank – are just some examples.

 

The industry perspective

Interestingly, women within the industry seem much less concerned about this apparent phenomenon. Bee Weck, a broker at cryptocurrency brokerage Caleb & Brown, suggests that focussing on this imbalance has the potential to be counter productive: “promoting diversity for diversity’s sake would do both the industry, and women, a disservice”.

Bee Weck, Caleb and Brown

“The focus shouldn’t be on how to attract women specifically, but rather how to further blockchain technology and to increase user-friendliness”. She firmly believes that “once this happens, other industry sectors, including those that have large numbers of women, can and will utilise this technology and many will organically enter the space”.

Chantelle de la Ray, Amber

Chantelle de la Ray, co-founder of Australian Crypto startup Amber, echoes this sentiment, adding that adoption is often a “multiple of exposure.” She reminds me that the inspiration for Amber’s cryptocurrency micro-investment app came from her belief that lowering the bar to entry is the most efficient route to mainstream adoption.

The guiding principle then should be that adoption across the board should remain the primary focus of the industry, and moves to germinate diversity within the community should be welcomed. If the female population are currently under-represented, this may present an opportunity for new engagement, and that should be encouraged.

In an age of a drive towards greater gender equality and self empowerment, financial freedom is a powerful ally. If cryptocurrencies continue to demonstrate a means of achieving this, then as an industry we too will have a powerful ally in our drive for validity, reach and growth.

– Written by Dr. Prash P

 

About Dr. Prash:

Dr. Prash is the CEO of Caleb and Brown, who are available to guide new and seasoned investors. Prash is considered a thought leader in the philosophical and existential implications of this emerging technology and is a regular speaker at industry conferences.

connect with us

Call Dr. Prash on +61 1800 849 149  or Contact Us to discuss further.

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Price Commentary – Bitcoin – 7th March 2019

Commentary by Jackson Zeng, COO Caleb & Brown

Bitcoin: USD $3,882 (07 Mar 2019 3:53 pm)

 

There has been little activity with the Bitcoin price this week. It remained fairly stable along the 50-Day exponential moving average (EMA) and is holding as a support for now.

 

 

 

 

The price closed at $3700 below the EMA on 4th March before a prompt bounce and holding the price above $3800. This hints toward a strengthening in the support levels.

The relative strength index (RSI) is starting to climb again this week, sitting at 60 currently. Over the next two weeks we will paying close attention to the sell side volume.

This is especially important given we’re looking to retest the short term $4000 ceiling levels, as a rapid retracement again could signal weakness in this short-term trend and the greater mid-term trend.

 

Buy Bitcoin and 100s of other cryptocurrencies with Caleb and Brown

 

Whether you are new to the market, or a seasoned trader, Caleb & Brown can help to realise your goals. Call us on +61 1800 849 149  or Contact Us to discuss further.

connect with us

 

The information herein is not intended as legal, financial or investment advice and should not be construed or relied on as such. No material contained herein should be construed or relied upon as providing recommendations in relation to any legal or financial product. This email contains confidential information intended only for the person named above and may be subject to legal privilege. If you are not the intended recipient, any disclosure, copying or use of this information is prohibited and you must destroy the original transmission and its contents. Caleb and Brown provides no guarantee that this communication is free of virus or that it has not been intercepted or interfered with. If you have received this email in error or have any other concerns regarding its transmission, please notify support@calebandbrown.com. Any views expressed within this communication are those of the individual sender. This communication should not be copied or disseminated without permission.s The information you provide will not be given to any third parties. If you need to request changes to any information you have provided, please contact us. The information will not be given to third parties unless we are compelled by law. Any personal information in this document must be handled in accordance with the Privacy Act 1988 (Cth).
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The View From the Outside: Crypto and Anarchy – Anarchapulco 2019

As featured on Micky News – “What the Bitcoin Brotherhood is really talking about”

The 5th annual Anarchapulco conference was held on the 14th-17th February 2019 in Acapulco, Mexico. For those unfamiliar with the event, this is a gathering for the world’s premiere line-up of thinkers and activists from within the anarchist paradigm, engaging in 4 days of extensive talks, workshops and discussions.

As an invited speaker, I had a unique inside glimpse to the conversations that dominated both the stages and the afterhours chatter. Cryptocurrencies were front and centre throughout this conference; their place cemented by their role in the Anarcho-capitalist movement.

 

Do Current Prices Really Matter?

For a relative outsider, typically exposed to conversation around the financial aspects of the industry, the deeper, darker, ideological underbelly was an interesting change. This offered me a fascinating insight into the thoughts and motivations behind the developers and activists driving this industry from its core.

A key observation, was just how little was discussed with regards to price points, market movements and trends – of which the media has been obsessed. The conference attendees were predominantly developers working on core Crypto projects, entrepreneurs building new verticals within the industry, and industry veterans advising existing projects. Speculative investors were noticeably absent.

To that effect, the price discussion meant precious little for those working on the core building blocks of the industry. It was a refreshing and encouraging change in sentiment. One thing that became very clear to me was that the future of this industry depends so much on the infrastructure that is being developed and needs to remain the priority for the future.

Along similar lines, another encouraging and seemingly overlooked fact was the open source nature of this ecosystem, and the potential for exponential growth that it brings with it. Due to the free-flowing nature of information sharing in this open source paradigm, as the user base grows, so too does the cognitive equity being poured into the system.

This is a stark contrast to the conventional closed loop, centralised technologies which have a far more fractional input of developmental intellectual property (IP) over user base. As such, this could never compare to the magnitude of the rate of IP being created in this space.

 

The Infancy of Cryptocurrency

The adolescence of this industry continues to be demonstrated by an ongoing lack of consensus from within the community, particularly on issues as primordial as the core blockchain architecture of Bitcoin. On the surface, the recent “Bitcoin wars” seemed to considerably undermine investor confidence.

Certainly, from the point of view of the traditional financial industry it appeared a counterproductive and internal battle that reeked of immaturity within the ecosystem. However, perspective from the developer community was surprisingly at odds with this sentiment.

Hannah Rosenberg, Managing Director of the Blockchain Institute in Chicago spoke about how the very fact that decentralisation sits at the core of Bitcoin’s ideology, means that competing ideas and perspectives are essential for the balance of power. “This setup has survived disagreements and an influx of new community members because it has an effective, multi-jurisdictional, balance of power between invested groups, or sub-communities with skin in the game. Developers, miners, merchants, users, exchanges and wallets, etc.”

Further, Rosenberg makes the assertion that as there is no one way to enforce consensus, consensus must be achieved through influence, economic incentives and game theory. She argues this is much preferable to our current system of achieving consensus using lawsuits and/or guns – “Forks [in ideology] are not failures. They are an alternative to guns.”  When framed in this manner, it seems hard to argue against.

 

Personal Privacy is a Major Concern

Given the demographic of the attendees, privacy was a recurring theme throughout the conference agenda. Particularly, the declining sanctity of our personal data and the potential role of Cryptocurrencies in preserving this basic human right. Privacy coins such as Monero have not had the greatest uptake from the investing community, with some traditional investors even shying away from them due to their association with the potential for stealth.

However, Joshua Marriage – the Australian representative for Cloakcoin, a privacy coin originally conceived in Germany – disagrees with this stigma. He believes we are “careening towards a cashless society run by surveillance capitalists who trade our personal data like a dirty commodity”.

Heavy words yes, but he hints at a greater sociological concern that extends beyond finance. We are allowing capitalism to alter the morphology of the way we establish trust, and that soon we won’t be able to transact with each other without having to trust a rent seeking third party. He articulates the role of privacy-preserving Cryptocurrencies as giving us the opportunity to keep the benefits of cash alive – via private, permission-less, peer-to-peer digital transactions.

 

Is There a Correct Answer?

Anarchapulco was not a conference for pundits or technical analysts pouring over trading charts. Quite the contrary, it would more appropriately be categorised as one for idealists masquerading as ideologists, and conspiracy theorists under the guise of anarchists. However, it did not set out promising to provide answers, but rather to ask questions.

Particularly in a rapidly evolving Cryptocurrency industry that renders answers obsolete as soon as the questions get asked, it is often more insightful to ask the difficult questions than to attempt to answer them. It asked many of the right questions, and in doing so revealed a core of the community that is constantly evolving, adapting and expanding from the edges of this technology in multiple facets.

The rot of declining industries has been a lack of innovation; one certainly true of the traditional financial services industry that the Cryptocurrency industry seeks to supersede.

In contrast, it appears the core of this industry, raw and riddled with the tempestuousness of youth as it is, bristles with vibrancy, dynamism and a quiet defiance. That bodes very well for the industry in the long term, regardless of what lies ahead.

– Written by Dr. Prash P

 

About Dr. Prash:

Dr. Prash is the CEO of Caleb and Brown, who are available to guide new and seasoned investors. Prash is considered a thought leader in the philosophical and existential implications of this emerging technology and is a regular speaker at industry conferences.

connect with us

Call Dr. Prash on +61 1800 849 149  or Contact Us to discuss further.

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Mainnets and Token Swaps – March 2019

Contact us immediately to ensure you secure a limited place!

 

28th February 2019 (or earlier)

Matrix AI Network (MAN)

Mainnet Launch

https://github.com/MatrixAINetwork/MATRIX_WEEKLY-Q-As/blob/master/MAY%2C%202018/Q%26As_2018.5.30.md

Vertcoin (VTC)

Hard Fork

https://www.reddit.com/r/vertcoin/comments/aaly4v/vertcoin_core_release_0140rc1_lyra2rev3_main/

Fivebalance (FBN)

Swap Instructions

https://steemit.com/fbn/@fivebalance/fbn-swap-notification

Metadium (META)

Mainnet Launch

https://medium.com/metadium/metadium-protocols-token-swap-timeline-94d33628be8a

 

2nd March 2019 (or earlier)

Energi (NRG)

Fork to POS

https://twitter.com/Energicrypto/status/1097596341033816066?s=19

 

4th March 2019 (or earlier)

Skycoin (SKY)

Skywire Mainnet Launch

https://www.youtube.com/watch?v=88_6Gjkhivw&feature=youtu.be&t=908

 

6th March 2019

Bytecoin (BCN)

Mainnet Hardfork

https://bytecoin.org/blog/bytecoin-roadmap-q4-2018-q1-2019

Aeternity (AE)

Minerva Mainnet Release

https://blog.aeternity.com/%C3%A6ternity-blockchains-first-hardfork-and-minerva-release-3efbbe39a723

 

15th March 2019

THETA (THETA)

Mainnet Launch

https://medium.com/theta-network/theta-network-major-project-updates-c0e268420ada

ClearPoll (POLL)

Switch to ETH Blockchain

https://medium.com/@voteclearpoll/clearpoll-update-2-22-19-58738a85fb7c

 

19th March 2019

WandX (WAND)

WandX DEX Mainnet Launch

https://blog.wandx.co/development-update-mainnet-launch-of-dexs-new-native-tokens-73694bf4fe80

 

24th March 2019

Steem (STEEM)

MainNet Release

https://steemit.com/steem/@steemitblog/smts-release-dates

 

31st March (or earlier)

QuarkChain (QKC)

Mainnet 1.0

https://quarkchain.io/

aelf (ELF)

Mainnet Launch

https://ambcrypto.com/aelf-are-successfully-deploying-their-testnet-and-mainnet-is-coming/

QLC Chain (QLC)

Mainnet Launch

https://medium.com/qlc-chain/adjustment-of-qlc-chains-development-plan-6a9dc9dbf4ca

Credits (CS)

Mainnet & Token Swap

https://credits.com/en/Home/New_Ins/4199

Repme (RPM)

ERC-20 Token Swap

http://repme.io/#roadmap

MIB Coin (MIB)

Swap Process

https://medium.com/mib-coin/we-announce-some-information-about-trading-mib-coin-in-crypto-exchanges-576781073f85

Zilliqa (ZIL)

Token Swap

https://zilliqa.com/

OST (OST)

Swap BT for ETH Beta

https://medium.com/ostdotcom/ost-project-roadmap-2017-2021-scaling-blockchain-economies-to-billions-of-users-7754f58112a6

Morpheus.Network (MRPH)

Mainnet Launch

https://morpheus.network/roadmap/

Apex (CPX)

Apex Network MainNet

https://medium.com/apex-network/apex-behind-the-scenes-1-3c5275955086

PCHAIN (PAI)

Mainnet Launch

https://t.me/pchain_org

 

Your personal broker would be happy to discuss some of these projects. Contact them today!

Whether you are new to the market, or a seasoned trader, Caleb & Brown can help to realise your goals. Call us on +61 1800 849 149  or Contact Us to discuss further.

connect with us

 

The information herein is not intended as legal, financial or investment advice and should not be construed or relied on as such. No material contained herein should be construed or relied upon as providing recommendations in relation to any legal or financial product. This email contains confidential information intended only for the person named above and may be subject to legal privilege. If you are not the intended recipient, any disclosure, copying or use of this information is prohibited and you must destroy the original transmission and its contents. Caleb and Brown provides no guarantee that this communication is free of virus or that it has not been intercepted or interfered with. If you have received this email in error or have any other concerns regarding its transmission, please notify support@calebandbrown.com. Any views expressed within this communication are those of the individual sender. This communication should not be copied or disseminated without permission.s The information you provide will not be given to any third parties. If you need to request changes to any information you have provided, please contact us. The information will not be given to third parties unless we are compelled by law. Any personal information in this document must be handled in accordance with the Privacy Act 1988 (Cth).
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Price Commentary – Bitcoin – 28th February 2019

Commentary by Jackson Zeng, COO Caleb & Brown

Bitcoin: USD $3,801 (28 Feb 2019 2:30pm)

This week the price of Bitcoin pushed further up to $4200 before a sizeable correction back to the 50 day exponential moving average (EMA) at $3700.

There are two main outcomes we’re looking out for in the next few weeks.

  1. The first is the possibility of a long-term trend reversal, identifying $3200 as the bottom. In order for this to happen, we would need to see a significant increase in volume. In addition to this, we would also need repeated break outs and a few greater short term highs.

If the 50 day EMA, which previously acted as resistance, turns into a support for a sustained period of time, it may confirm this outcome.

 

  1. The other possibility is a short term moving average breakout before continuing down the bear trend. At this stage, I would not be confident in predicting a definitive bottom, as it is still too early to call.

The quick retracement when we broke into an overbought RSI and average volume hints at the latter holding true.

 

Buy Bitcoin and 100s of other cryptocurrencies with Caleb and Brown

 

Whether you are new to the market, or a seasoned trader, Caleb & Brown can help to realise your goals. Call us on +61 1800 849 149  or Contact Us to discuss further.

connect with us

 

The information herein is not intended as legal, financial or investment advice and should not be construed or relied on as such. No material contained herein should be construed or relied upon as providing recommendations in relation to any legal or financial product. This email contains confidential information intended only for the person named above and may be subject to legal privilege. If you are not the intended recipient, any disclosure, copying or use of this information is prohibited and you must destroy the original transmission and its contents. Caleb and Brown provides no guarantee that this communication is free of virus or that it has not been intercepted or interfered with. If you have received this email in error or have any other concerns regarding its transmission, please notify support@calebandbrown.com. Any views expressed within this communication are those of the individual sender. This communication should not be copied or disseminated without permission.s The information you provide will not be given to any third parties. If you need to request changes to any information you have provided, please contact us. The information will not be given to third parties unless we are compelled by law. Any personal information in this document must be handled in accordance with the Privacy Act 1988 (Cth).
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Understanding Risk in Your Cryptocurrency Portfolio

What we often see from Crypto investors:

  • Comparative returns from the last highs and lows in the market represented a variance in portfolio 10x higher than the client intended
  • There is no adequate exit strategy in place, when the clients “dream outcome” was realized, no return was crystalised

At Caleb and Brown, a key part of our service is to ensure our clients are equipped with the knowledge to make the best, informed cryptocurrency investment decisions. To bridge this gap, our team of specialised analysts are made accessible to all of our clients. In this, we are able to provide value by alerting clients of their asset performance and inherent risk in their portfolio balance.

 

Bee Weck, Broker

In this article we will outline an example portfolio risk assessment…

 

Over time, we have found that the average investor tends to overlook the inherent risks they are taking in their chosen portfolio.

Understanding your relationship with risk and balancing your portfolio accordingly is an integral part of successful investing, cryptocurrency or otherwise.

In general, the more risk, the more upside potential. However at the same time, the higher chance of loss.

Clients are often unaware of the risks in their portfolio

 

Isaac, a new client of Caleb and Brown, approached us to conduct a risk assessment on his $225,000 cryptocurrency portfolio.

First, we established Isaac’s existing strategy and what he envisioned for his portfolio. Like many other crypto investors, Isaac was attracted to the prospect of high returns, his existing expectations were aligned with his ‘dream outcome’. We noticed Isaac’s position was too exposed in especially high risk projects, which meant his potential upside was higher, but also the risk he was taking was greater. Isaac was risking more than he needed to.

In reality, the ‘dream outcome’ is an ambitious goal, but it can be realised with the appropriate portfolio. It was not necessary for Isaac to be so exposed to historically volatile projects (past performance does not necessarily indicate future performance) to achieve his goals.

Through consultation with his broker and other Caleb and Brown analysts we were able to assist him with a portfolio restructure, effectively increasing the likelihood of Isaac reaching his desired results.

The risk review process covers a number of factors, including concentration, market risk, risk deviation and liquidity risk.

 

“Clients are often unaware of market liquidity constraints. Small capitalization tokens can often see 20-30% below market prices when trying to liquidate large volumes. A diversified portfolio can reduce your exposure to this risk…”

– Bee Weck, Broker

 

As a direct result of this assessment, Isaac now has access to new information that will better guide his future financial decisions. More importantly, Isaac has the piece of mind of knowing his investments are optimally positioned to maximise his potential gains for him and his family.

Caleb and Brown is a well-established service that brings with it a variety of cryptocurrency knowledge. With over 20 years in collective crypto experience, we provide this expertise to you through free consultation so you can better understand this complicated asset class.

Yours sincerely,

 

 

 

 

Bee Weck

Bee is a broker and trading analyst for Caleb and Brown. Bee holds a Bachelor of Science in Pure Mathematics and has worked previously for high profile exchanges in analysing the risks and screening of cryptocurrency projects for exchange listing. Bee frequently speaks at Women in Blockchain events and has been actively engaged in the crypto market since 2016.

 

Whether you are new to the market, or a seasoned trader, Caleb & Brown can help to realise your goals. Call us on +61 1800 849 149  or Contact Us to discuss further.

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Dr. Prash @ Anarchapulco 2019

Dr. Prash has been in Acapulco, Mexico to represent Caleb and Brown at Anarchapulco 2019.

Anarchapulco is the premier event for thought leaders from all around the world, discussing the innovations that seek to disrupt the status quo and re-imagine the future as we envision it.

 

My past few days at Anarchapulco have highlighted a few key principles relevant to the Cryptocurrency space.

  1. The ‘Ancap’ movement has extended far beyond ideological anarchism and now encompasses clearly, the developer community that is putting together the building blocks of this technological revolution.
  2. While price speculation continues to dominate the news-scape, within the grassroots of the movement, it is of little concern. Instead, the main concerns remain the direction this technology will take and the breadth that it is to encompass.
  3. While Crypto companies struggle financially and on the surface there is much talk of a downturn in the market, that is barely visible within the tech community that is growing at an increasingly rapid rate with that being translated to the technology itself.
  4. As this technology is predominantly open source, it lends itself to exponential growth. as the user base continues to grow, so to will the cognitive equity poured into the ecosystem. No closed loop, centralized tech could ever compare with the rate or magnitude of IP being created daily in this space.

Look forward to my detailed review of Anarchapulco next week

– Written by Dr. Prash P

 

About Dr. Prash:

Dr. Prash is the CEO of Caleb and Brown, who are available to guide new and seasoned investors. Prash is considered a thought leader in the philosophical and existential implications of this emerging technology and is a regular speaker at industry conferences.

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Call Dr. Prash on +61 1800 849 149  or Contact Us to discuss further.