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Is Grupo XP signaling a greater digital currency adaption?

Alisha Jose

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Source: Pixabay

Brazil’s largest brokerage, Grupo XP, made headlines last year when it became the first major exchange to open itself up to the trading of Bitcoin and Ethereum. As a development long anticipated, this involvement of cryptocurrency on the highest stage signaled a level of acceptance and mainstream viability which many crypto followers have been predicting for years.

As the two biggest names in the cryptocurrency market, Bitcoin and Ethereum are acting as vanguards in this respect. This has not only raised the public profile of the two currencies, but it has also driven significant additional interest to crypto and digital currencies as a whole.

As Brazil stands as one of the progressive and forward-thinking markets when it comes to financing, this raises questions as to the role which digital payments might play in an increasingly technological world. Can we ever expect it to take the place of traditional cash?

To answer this question we need to look at just how far digital currencies have come in the short time they have existed. Nowhere is this growth more evident than with PayPal, perhaps the most well-known digital money system on the planet.

Originally founded back in December of 1998, PayPal was not the first in the business, but it offered a level of user-friendliness and convenience which set it above all of its contemporaries. Pushed by such well-known names as Peter Thiel and Elon Musk, PayPal proved itself in how well it integrated into many major online retailers. The most famous of these was the most powerful online auction house in the world, eBay, which later acquired PayPal in 2002 for $1.5 billion.

Since then, PayPal continued its path to victory by offering high-quality security and international connectivity, and through the acquisition of related companies such as Fraud Sciences, Braintree, and Hyperwallet.

Now with 254 million users, PayPal’s success has shown that there is room for competitors, which helped shine a light on the road which competing forms of currency, and newer digital systems like crypto, would follow.

While PayPal prides itself as a jack-of-all-trades, others preferred to follow their own path. Idebit, for example, instead focuses on offering services dedicated to users in Canada. Some of the more popular services offering idebit include online casinos like Guts and Rizk. As these are bound by similar regional limitations, it makes sense that they would operate in cooperation, as this has proven the best way to legally offer the best bonuses and deals.

Caption: “Bitcoin IMG_4444” [CC BY 2.0] by btckeychain

Our focus of crypto, on the other hand, places its most significant emphasis on the anonymity of its transactions. This is not something which is offered by the likes of PayPal, which instead attempts to act as an online replacement for traditional finance systems, rather than an alternative to.

With dedicated markets for crypto and other forms of digital currency now offering goods and services on a level which challenges traditional fiat currencies, the fact that the old-fashioned will increasingly be usurped is nothing short of inevitable.

While the inherent power and connectivity-reliant nature of these mean that they will never entirely replace the coin or note, the decrease of worldwide emphasis on these older systems is already happening, and will only grow more pronounced in the future.



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Alisha Jose does not belong to our organization, her opinions are her own. With a finance major and a passion for writing, she contributes for AMBCrypto.

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Boss Crypto Review – Inside The Crypto Academy

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Boss Crypto Review - Inside The Crypto Academy
Source: Boss Crypto

As a cryptocurrency trader and investor myself, I understand how important high-quality information, market analysis and educational material is. In this Boss Crypto review [bosscrypto.co] I am going to go behind the scenes and do my best to outline the pros and cons of their new Crypto Academy.

Let’s Begin…

Welcome To Boss Crypto

After you fill out your application form and activate your free trial you will need to wait for 6-12 hours for your application to be reviewed. When you are accepted you will receive three emails from Boss Crypto.

  1. An invitation to join the private channel
  2. A welcome email which contains a one-click cancellation link in case you want to cancel your free trial before getting billed
  3. Your login details to the membership site where you get access to the crypto trading course, the portfolio and the lessons archive

If your application is not accepted you will receive a message stating that your subscription has been canceled, they have wiped your details from the database and you will need to apply again at a different time.

Your adventure begins with a personally written welcome email from Tom at Boss Crypto. I have previously seen free trading courses that he has put out, as well as enjoyed reading his writing on Medium and Quora so it was nice to receive a personal email from him.

Joining The Private Channel

After accepting the invitation to join the private channel you will be taken to the #get-started channel. There is a ton of reading to go through here to help you make the most of the Boss Crypto channel. There are complete support documents all hosted on Intercom which makes adjusting to the new environment quite easy.

Source: Boss Crypto

You will quickly learn that there are two main channels used by the Boss Crypto traders and one main discussion channel. Even though there are 22 channels that are used for all kinds of discussions between members it is surprisingly easy to get all of the information you need in just three of those 22 channels.

My first experience with the type of content in the Boss Crypto Private channel was a little surprising. There is a focus on education, unlike anything that I had seen in the past. When I arrived I found a number of in-depth video market updates, updates on their positions, portfolio and market analysis all in the last few days. The way it was framed was all to try to explain the reasoning and methodology behind the decisions themselves to try to help the students [me] understand how to think and how to act in different market conditions.

Signing In To View The Course

You receive your login credentials as soon as you start your free trial so you are free to jump in and start the course straight away.

The course is divided into four main modules with a fifth bonus module.

Boss Crypto

Boss Crypto

The overall experience of taking this course is fantastic, as you can see from the above screenshot [Technical Analysis Next Level Setups] each module is broken down into a number of lessons and then those lessons are broken down into individual topics. So one module can contain over 5 hours of video lessons.

Reviewing the Boss Crypto Trading Course

Here is what you learn in the Crypto Trading Course:

Module One – Cryptocurrency Essentials and Foundations

  1. Cryptocurrency, blockchain, and Bitcoin explained clearly for the first time
  2. How to get your fiat to Bitcoin – simple, fast, safe.
  3. How to safely store your cryptocurrency so you never get scammed or hacked.
  4. Get access to our top cryptocurrency exchanges and learn how to use them
  5. Learn how to read a chart and completely understand what it all means.
  6. Learn our formula for valuing cryptocurrency and blockchain projects.

This section is targeted for people that are new to cryptocurrency and trading. It starts with an overview of Bitcoin and Blockchain technology which would be helpful for those that still don’t quite understand the technology. It is followed by a basic overview of the best practices you should follow to keep yourself while investing in the cryptocurrency markets as well as a summary of the basic skills you need.

Module Two – Trading: Emotions, Plans, Mindset and Success

  1. Conquering Emotions, Mindset and Success
  2. Goal Setting To Conquer Trading & Life
  3. Organize Your Life and Your Trading
  4. Your Trading Plan [Includes Downloadable Template]
  5. Your Trading Journal [Includes Downloadable Template]

This was an interesting section. It starts out talking about the role emotions play in trading and investing and really helps you to understand the significance of your mental state. Tom then begins to break down his own life in regards to organization, goal setting, trading and formulating a success mindset. This was a really unique section and I really enjoyed it.

He then brings it back to trading providing you with a trading plan that you can use and optimize for your own specific situation. He also provides his trading journal template which I have been using religiously since receiving it.

Module Three – Technical Analysis: Next level setups and strategies

  1. Basics of technical charting
  2. Are We Bullish Or Bearish? The Basics Of A Trend
  3. How To Use Trend Lines
  4. Support and Resistance Levels
  5. A Complete Run Down On Technical Indicators
  6. Fibonacci Levels
  7. Classical Charting Patterns
  8. Trading Candlestick Setups

This is for the intermediate traders and go through the essential knowledge you need to successfully analyze markets using a technical framework. There isn’t anything that I could think of that was left out however as technical analysis is a large field there are plenty of other aspects you could research further, such as Elliot Waves theory etc.

Module Four – The Boss Crypto Trading Strategy

  1. The Setups
  2. Focussing On The Trend and Market Cycles
  3. Drilling Down Multiple Timeframes
  4. Managing The Trade – Your Complete Guide
  5. The Fractal Model
  6. Position Sizing and Risk Management

This is the most in-depth course I have seen that teaches an actual trading strategy. In this module, you learn the exact strategy used by the Boss Crypto traders. I found this module quite intense and had to re-watch it to make sure I fully understood all of the concepts that were explained. However, after going through it I had a complete framework that I could now use to evaluate the markets. Combined with the support I received in the private channel meant that I could use the strategy, and ask for help whenever I got stuck.

Reviewing the Boss Crypto Private Channel

There are two main trades channels that you will need to follow to get value from the private channel. Those channels are #trades and #trades-2. In these channels Boss Crypto – Boss and Boss Crypto – Alex post their trades and analysis.

Source: Boss Crypto

There is no real substitute for seeing the real thing, but I thought I would share the above picture to give you an example. This was half of the post from yesterday’s market update from Boss.

In the private channel there are two other main trades channels #Trades-4 and #Trades-5 where their partner from JRM Jason Jenkins and their fundamental analyst who has been investing since 2011 post their trades and analysis.

Between the four trades channels there is an incredible wealth of information posted.

I made use of the #help channel a number of times posting questions about exchanges, technical support, information about wallets and generally anything that I needed help with. My questions were always answered by another member of the community or Boss himself often within minutes.

The main discussion channel #trades-chat was extremely active and I was learning a lot just joining in the discussions there with other students.

Overall the experience of using the Boss Crypto private channel was extremely rewarding. They cover literally everything that I need. From news, to support, analysis, market updates, discussion channels, ICO analysis, trades, portfolio suggestions and just a fun place to hang out the Boss Crypto private channel has it all.

Conclusion

I recommend anyone reading this to try out the Boss Crypto Academy with their 7-day free trial option, just click the “try for free” button and submit your application. You can sleep easy knowing that even if you forget to cancel your subscription before the end of the 7-day free trial you are covered by their 30 day money back guarantee to get a hassle-free refund.

While the price of the service is $99/mo if you break it down to $3 per day, this is one of the absolute best investments that you can make in the space. So please, don’t take my word for it, head to Boss Crypto and try it yourself for free right now.

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