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  1. When it comes to searching for fresh information about the business world, all we have to do is tap our smartphones (or tablets) and we will immediately have access to an insightful website. The key to success in every online business, and in life, is to be constantly informed and open to changes. We made a list of best business websites to gather the information you need daily. Whether you are a business person and want to be up to date with new content every day, or you own a small business that needs a more online presence, top business websites can be a real inspiration for many of us, as well as a source of reading interesting and inspiring articles. 1. The Wall Street Journal Probably one of the most popular and famous online publications, the Wall Street Journal covers breaking news and headlines from the United States and around the world, constant up to date and fresh content with interesting news, top stories, photos, videos, financial stock market overview plus a special blog with real-time news and analysis plus date from the Journal. Readers can also find tech news, life & opinion plus an online community. The publication is also optimized for tablets and mobiles for better and friendly user experience. 2. Financial Times Are you looking to start a new business? If you are looking for online resources to be informed, Financial Times can be a great tool to read interesting and fresh business news in the morning, while drinking your coffee. Offering the latest UK and international business, finance, economic or political news, as well as interviews, videos, photos or market data, this online magazine is an excellent source with million registered users, digital subscribers plus paying users. With a long tradition, Financial Times is one of the most serious and reliable publications to be informed day by day when you are looking for guidelines for your daily business issues. 3. Yahoo Finance eBiz MBA has ranked the most popular business websites in a top 15 by considering each website’s traffic rankings in the US and has found Yahoo Finance as being the website with approximately 50,000,000 unique monthly visitors. While the design doesn’t necessarily impress the reader, the website itself has a wide range of sections available such as investing, personal finance, news or portfolio plus details about the stock market index, gold, oil and the latest currency exchanges. 4. The Economist A well-known publication, and small business website with weekly fresh topics about world news, politics, economics, business or finances focusing on international opinions and news, including the latest analysis, a blog section plus other great insights that can help any business person out thereby responding to essential and practical questions. Readers can also have the subscription option to pay and have full access and enjoy each week’s complete issue of the Economist. 5. Forbes Probably one of the best online and reliable sources, that definitely deserves a spot as one of the best business websites. It offers readers great and qualitative information for the world’s business leaders who want to be successful. Whether you want to read news, politics, economics, studies, listen to video or even see interesting tops released by Forbes of the top companies, celebrities or richest people in the world, this online business site is your daily online resource. With a simple and easy to use interface, there’s also a search button where you can quickly access all needed information. 6. Business Insider Here’s another important business website that can provide its readers high-quality content with articles about (un)conventional business strategies, finance news, markets, politics, useful charts and tops, as well as tips and tricks to use in the business world. It is a fast-growing business website targeting also media, tech, life and other industries. 7. Inc.com INC magazine is the online source you need to find out the latest sources in business, get advice, tools or services that can help your small business to grow and be successful while facing all competitors in the market. It is the business website that has it all. With a simple and classic design in black and white, the information isn’t so simple, because you can find practical subjects like business strategies, legal issues, how to finance a small business, budgets or tips and tricks about being successful or acting like a real leader. For a better online experience and full access content, you can join Inc community to discover useful tools or interesting videos. 8. Bloomberg.com This is another great site for business and financial news that can provide you with excellent insights about everything you need to know. Bloomberg delivers market data, personal finance, economic news, stock futures or quotes. Moreover, the publication has a list of recommended videos and is a leader in global business and financial information, helping business persons to make critical decisions about their business. 9. CNN Business Here’s another excellent business website that offers its readers the newest business, financial and personal finance news for anything related to this subject. Considered to be one of the largest business websites, CNN Business is an online publication for two other important magazines: Money and FORTUNE, as well as the CNN’s exclusive business website that shares useful and high-quality articles with themes like the economy, tech, small business or leadership news for all entrepreneurs interested about their self-improvement. 10. Fast Company It’s another great online source of information in the business area that features the freshest business news or trends, insights about the most successful entrepreneurs, details about the most powerful companies, as well as the fastest ones in the world that have to succeed in a recession period. With a very interactive and user-friendly interface, this free business website keeps you up to date with everything you need to know for your small business or large company. An insight, high quality and documented information to read in your spare time or at work. All those posts can inspire you to make the first step and start your own business or doing all the efforts to succeed. 11. Market Watch Focused more on the financial section, Market Watch offers stock market data, business insights and recommendations, as well as great analysis that can be extremely useful for business people who need an overview of the market and don’t know exactly where to look for. Tracking the pulse of the markets, this online publication keeps readers up to date with the latest news from the world, including also real-time commentaries, useful analysis and other industries. 12. Top Gold Forum The Top Gold Forums are the best way to connect with other small business owners and online money makers - to ask questions, compare notes, or offer help to others in your trade. It’s a safe environment to discuss the topics that matter most for startups and companies of all sizes. It is a highly active site with almost 40K members and close to 1 million posts have excellent moderation to keep things in check. 13. Entrepreneur As its name indicates, it is a great source for people interested to become a successful entrepreneur by using great examples, useful insights, news, expert advice as well as growth strategies for small businesses. Are you looking to start a new business? Don’t feel like going to your current job where there’s no satisfaction? Are you thinking of buying a franchise, but don’t know exactly how to do it? Entrepreneur online magazine offers all needed guidelines for all adventurous persons who want to leap on the bandwagon called entrepreneurship and manage his own life. Whether you are looking for ideas about how to start a new business, management issues or ideas about creating an efficient business plan, this resource can get all needed information, as well as answers to all kind of questions. 14. Small Bizz Trends Small Biz Trends magazine comes daily with latest articles on marketing, management, technology and finance for small business owners. Check them if you want to stay up with the latest trends and find out about innovations you can implement in your company or in your business. 15. Monetize.info Number 15 on our list of business websites is our digital magazine - Monetize.info. Founded in 2004, Monetize.info is an award-winning online publication for small business owners, entrepreneurs and growth hackers. It is one of the most popular independent small business publications on the web. The main difference of other magazines is that they are focusing on writing high-quality tutorials about important matters that you can implement immediately in your business. Conclusion That concludes our list for the top 15 business websites out there. What is your favourite business website? Where do you draw inspiration for your new strategies and plans? We would love to hear your opinions on the matter! Stay tuned for more business & finance news.
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  2. If you look at the current lives of people, it is definitely tough. People would not be able to enjoy their lives through one income stream. Actually, the cost of living is really high at present, so people struggle to live a satisfied life. The income earned from one job wouldn't suffice the needs of a family. It would be really hard to manage the cost of living if you are earnings is limited to one job. So, what should you do? How can you increase the amount that you earn? What are the part-time jobs that will help you earn better? The Australian traders also have a high cost of living still they manage to cover up the costs, how? They trade Forex as a part-time gig. They don't have to do anything much. They just have to understand the market and the ways to trade. So, if you want to earn a good income you should think about a part-time trading career. The Forex market is suitable for a part-time career as well. So, why trading is suitable? The moment you consider trading as your alternative source of income is the very moment you stop taking unnecessary risk. The new traders are always trying to secure their financial stability based on this profession. In fact, they rely on their profit to support their family. But if you follow such path it will be extremely difficult for you to learn from your mistakes. You have to take your time and focus on the core factors of the market. Never think you can make tons of money by using the market leverage. Leverage will increase the profit factors to a small extent but it will never help you to become a millionaire. There no such thing called luck in the investment business. You will always face the consequence of your action. So be very careful about your steps in the Forex market. It offers flexibility If you look at other jobs that you would be able to do as a part-time gig, you would have the benefit of flexibility. For example, you would be able to do data entry as a part-time gig, but will it be flexible? Do you think you would be able to earn an income from data entry jobs? Well, if you do data entry as a part-time job you would have to meet their needs in a given time. So, what if you have to work overtime for your main job? Wouldn't it be complex? Of course, it would be. So, if you look at the Australian traders they maintain a regular Forex trading account Australia. They don't have to think about timing. They would have to trade only when they are able to. The only factor they should bear in mind is to focus on the trading account. You should not let the trading account to be wiped out. If you are capable of protecting the trading account you would be able to make Forex trading as your main job as well. But, it is important to be consistent. It is freedom Of course, trading is freedom. As for the previous example, even if you do data entry you wouldn't have the freedom. You would have to listen to your employer. You would have to meet deadlines. It is double the tension. So, you should consider Forex trading. It is freedom. You would get to enjoy freedom as no employer would impose rules. You don't have to meet deadlines or anything. It is more than a job Unlike other jobs, you are not going to learn job-related things rather you would be learning many other things. You would become a better person. You would learn to control anger, to work hard, to be consistent, and much more! So, Forex trading is way more than a job, this is actually an opportunity for you!
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  3. Investing in precious metals is one option that you can consider, especially during an economic crisis like the one we go into, and there are several metals to choose from. Gold and silver are the most traditional options that investors initially look at. However, platinum and palladium are also increasing in popularity with investors. All are possible options that you can consider adding to your portfolio for different reasons. Why Invest in Precious Metals Before investing in precious metals, you should learn more about why investors choose to add this to their portfolios. Most precious metals are an excellent hedge against inflation, and this means that when investors usually sell their riskier stocks, they often turn to precious metals. As one investment vehicle decreases in value, the other increases in value in many cases. Precious metals are also a popular investment option to consider besides economic uncertain times, during times of war and political strife. When the demand for precious metals increases, the cost can skyrocket in a very short period of time. Many people also like investing in precious metals because of the incredible volatility. As well as the fact that the metals trade almost 24-hours per day, every day. This presents considerable opportunities to investors who are in the short game, as well as those who consider taking a long-term hold with their positions in commodities. However, this type of investment should be reviewed periodically even if you plan to hold it for a long period of time. This is because the price can fluctuate substantially at times. If you hang onto the asset for too long, you risk losing a substantial amount of money. You may also risk being forced to keep the asset until the prices rise at some point in the future. What Precious Metals to Invest in Gold is the most common and popular precious metal to invest in, but there are other options to consider as well. 1. Gold Gold has been traded for centuries, and it has commonly been used in coins as well as jewellery and more. It has minimal uses in industry, however. Because of this, its price is largely determined by consumer sentiment. Investors often turn to this to stabilize a portfolio in rough economic times. 2. Silver Silver has a more affordable price than gold. More than that, it has many more practical uses in various industries. This means that the value of silver is less dictated by sentiment. There are several silver funds that you can invest in if you do not want to purchase the raw commodity. 3. Platinum Platinum is another option to consider. Because it is a relatively new commodity for investors to focus on, the price is considerably lower than gold. This means that there is ample room for upward movement of the price. As is the case with silver, this precious metal has many applications in industry. How Much Are Precious Metals Worth There are different ways to invest in precious metals, and the cost of the investment varies substantially. The cost of the metals varies regularly throughout the day based on various factors, and there may also be exchange or brokerage fees. For example, if you invest in a mutual fund that contains precious metals, you may pay expensive fund fees. There may be trade order fees if you buy and sell stocks in mining companies. You can also invest in coins or bullion for some precious metals. The value of these items varies based on rarity, age, weight and several other factors. These types of investments are only suitable for those who have a safe and secure place to store them. Are Precious Metals a Good Investment? Before you spend your hard-earned money investing in precious metals, you may want to learn more about the pros and cons associated with this investment option. Each type of precious metal has its own benefits and drawbacks, but there are some common pros and cons for all of the precious metals for you to review as well. Pros The price of precious metals may be largely under the influence of sentiment. Some metals, such as gold, much more heavily relate to emotion or sentiment than others, such as palladium. Precious metals have a true, physical value, and there is no credit risk associated with investing in pure commodities. If you invest in precious metals through a mining company or another type of company, however, there is a greater risk. Adding precious metals to your portfolio may be a great way to balance risk and moderate your portfolio if it is otherwise heavy in stocks and bonds. Cons Even though there is no credit risk associated with investing in pure precious metal commodities, there is still a risk that prices will decrease and that you will lose money overall. While the return on precious metals varies substantially, keep in mind that the rate of return may be lower than with real estate or stock investments. Investors should spend time regularly reviewing their portfolios to determine the best times to buy and sell precious metals. This is not a good commodity type to simply sit on because its value can fluctuate dramatically within a short period of time. How to Invest in Precious Metals If you are thinking about investing in precious metals, you should understand the many options available for doing so. Stocks, ETFs and mutual funds that trade the commodities or that focus on businesses that work with precious metals are a few options to consider. Another option to invest in gold is through a gold IRA. You can rollover your 401k or IRA account into a gold IRA account and take advantage of the safety and reliability of gold There is a wide range of focused businesses, such as mining companies, as well as indirect businesses, such as automotive manufacturers, that you can consider investing in. The risk, price, and return on investment vary dramatically from stock to stock. Another idea is to trade with the commodities themselves, such as with futures or options. You may also purchase and hold coins or bullion for some of the precious metals. A final option available to you if you want to invest in precious metals is to buy certificates. Certificates essentially give you a document showing physical ownership of the metals, but you do not have physical possession of the metals. This means that you do not have to worry about storing or caring for the metals. Conclusion Investing in precious metals may be relatively new to you. Additionally, you may not be certain how to complete this process or what you need to know to profit significantly from it. As with any type of investment, it is best to buy low and sell high when investing in precious metals. You should spend time learning more about the commodities markets before jumping in. Just as you can lose money with other types of investments, you can also lose money when investing in metals.
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  4. Being a student is not easy. Other than the assignments that take up a lot of your spare time, there’s also the problem of money and high tuition fees. While college is supposed to be a time for making friends, going out, and traveling, you can’t possibly have fun if your pockets are empty. To fully enjoy your college life, you need to start making some money as soon as possible. Seeing as a full-time job would be too demanding, we think your best bet would be to use your skills to start your own small business. To help you out, we’ll talk about the best seven low-cost business ideas for college students. 1. Sell Used Furniture At the end of their college years, most students don’t bother to take their furniture with them. Most of the time, they simply leave their used pieces of furniture in their rooms or out on the street. You could use this situation to your own benefit by talking to the students who are about to leave campus and offering to take those items yourself. While the furniture used by students is generally not expensive, you’ll get a 100% profit by selling it, considering that you won’t pay anything for it. 2. Become a Mover Since we’re on the subject of furniture, another great way to make money on campus would be to help other students move. Every semester, many students need help with moving their stuff in and out of campus. And you should be there to take advantage of the situation. Seeing as professional moving service charges a lot, students will always be glad to find a cheaper solution. Even if you ask for half the money a professional mover would demand, you’ll still make a pretty decent sum. Of course, to be able to keep such a business running, you need to be in a good physical condition. 3. Babysitting If you know how to take care of a kid, babysitting can be a great way of making some easy money as a college student. The demand for this job is very high, seeing as people will always need someone to take care of their child while they’re away. The biggest advantage of this business is that it only takes a few hours of your time every day. And if you like kids, you may even enjoy it. Before getting into it, a good idea would be to take some babysitting classes. 4. Become a Tutor Since you made it to college, it’s pretty obvious that you know a lot of things about many school subjects. So why not get the most out of it and become a tutor? It goes without saying that you’ll have to charge less than an actual teacher. But with your level of knowledge, you’re bound to be an excellent tutor for any school or high school student. You already know the content of their lessons, so provided that you’re good with kids and you know how to explain stuff, you’re good to go! 5. Fixing Computers Students and young people, in general, are quite experienced when it comes to computers. You could use this knowledge to start a low-cost computer repair business. Whether it’s software or hardware issues, people will always need help with their computers. And you should be there to give it to them! In most cases, you’ll get paid for doing some really simple work, like reinstalling a program or recovering an email password. 6. Creating Websites and Apps Speaking of computers, if you know how to build websites or mobile apps, you may earn quite a lot of money from the comfort of your own home. A lot of companies are ready to pay freelance web designers to build a website from scratch. And if you have a solid idea for an app, you could create it and earn money from downloads. If you’re passionate about web design and app creation, you’re bound to enjoy this gig a lot! 7. Promote Events Everyone knows that college students are very interested in all sorts of events like parties or concerts. Event organizers are always in need of people to spread the word about such matters. If you’re interested, you can get paid to do stuff like selling tickets, handing out leaflets, or promoting events on social media. The possibilities are endless, and you won’t have to work very hard! We hope you liked the low-cost business ideas we proposed and that at least some of them will be to your liking. No doubt, in the end, it all depends on your specific skills and qualifications. All in all, each of these gigs can be started with little to no money, and none of them requires a lot of time and effort. If you’re serious about your small business, you’ll surely be able to make a decent living. So, good luck! We do hope you enjoy your college days to the maximum! Author's Bio: Kevin Nelson started his career as a research analyst and has changed his sphere of activity to writing services and content marketing. Currently, Kevin works as a part-time writer at the BreezeWriting. Apart from writing, he spends a lot of time reading psychology and management literature searching for the keystones of motivation ideas. Feel free to connect with him on Facebook,Twitter, Google+,Linkedin.
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  5. Investing is one of the surest ways of building up passive income. But many beginners falter for lack of sound knowledge about investing principles. Whether you are an employee of a corporation, self-employed or a businessman, you can earn great amounts of passive income by becoming an investor. Many people try their luck at investing but come up short. The major reason for this is lack of prior knowledge about investing. It is of paramount importance to learn the basic investing principles before diving into the practical world of investing. In this article thirteen basic principles will be discussed briefly for newbies. Principle 1: Diversify The first and foremost principle is to diversify. Even if you are starting out with a small amount, it is always better to buy more than one stock. In this way even if a couple of stocks underperform, the other stocks making up your diverse portfolio can take the brunt. Diversification is the golden principle of investing. At no cost should you ever ignore this rule. Principle 2: Start investing at an early age I am sure you all have heard about the power of the compound effect. Well as the old saying goes, compounding can be your best friend. What it means is that the longer period for which you have your money invested; the more you stand to gain. The longer your money will work for you. Those who start out at a young age, definitely have an advantage over their peers. But don’t worry, because even if you didn’t you are always early as compared to those who never decide to start investing. Principle 3: Invest in what you know This implies two things. First is that you should try and buy stocks of a company, whose business you know about. Even if a little. Rather than jumping into a company about whose business operations you know nothing about. Second, is not to get ahead of yourself in the investing business. What I mean to say is that keep the invest amount directly proportional to your learning curve. And not go into complex trading options prematurely. By all means go for it, but only and only once you have mastered the core concepts. Principle 4: Don’t let temporary market slumps alter your long term investment plan Don’t make the rookie mistake of getting on the band wagon. More often than not, people tend to buy when others start buying and sell when others start to sell. This sets off a chain reaction and doesn’t necessarily reflect the true picture of the market. Don’t alter your complete investment plan and your portfolio based on a temporary market slump. Often there are spectacular gains to be made by sticking it out. Principle 5: Don’t doubt your trades Once you have made a decision based on sound analysis to sell a stock, never look back. Don’t be like those who say, what if I had held on a little longer? What if I hadn’t sold the stock just yet? Never second guess your own decisions. If you do this, then you can never become a successful investor. Principle 6: Dollar averaging What this means is that regardless of the market condition, you keep on investing the same amount of money monthly into your portfolio. Believe me it really works. Although, there are not many such schemes or options out there nowadays. But if you look hard enough, you will find them. Principle 7: Never Panic An investor needs nerves of steel. You can’t let your emotions get the better of you. Often there have been occasions in the history of markets, where people have jumped the boat too quickly. An investor needs a level head. This is not saying that you not take risk into account. A ll I am saying is that keep your emotions out of it. Only keep your wits about you. And you will start to see things for what they really are. For e.g. sometimes a news breaks which has an adverse effect on a certain industry. As a result people start getting out of its’ stock. But this shouldn’t mean that panic should set in and other industries which are doing just fine also start to feel the heat of selling. But this is exactly what happens in the majority if the cases. But the winners are those who keep their cool. For soon enough the market corrects itself and those who sold tend to be the losers. Principle 8: Pay attention Always remain alert and pay close attention to what is going on with your portfolio. Even if you are dead sure about certain great stocks, you should never stop monitoring them. It only takes a moment sometimes for the surest of stocks to tank. Principle 9: Bet on your winners and vice versa Always stick with your winners and try to get rid of the losers as quickly as possible. Don’t wait for the things to turn for the better. Rather, minimise your losses. And stay with winners. Discard the losers in an intelligent and timely manner. Principle 10: Go for a stop loss This means that you should always set a limit at which your stock is automatically sold if it suffers a loss. It is the surest way of reducing your losses. And it is especially helpful for the newcomers to the world of investing. And the opposite holds good for your profits. Don’t be extra eager to sell if your stocks start to rise in prices. In other words, you can afford to be slow in taking profits but not always fast with your losses. Principle 11: Stick to your original plan In investing as with any other thing in life, it is crucial to stick with your plan. Don’t change the direction of your sails with every little change that happens in the market. If you have started your portfolio with well thought out stocks, stocks that you know about, then stick to them. Principle 12: Don’t spend the principal amount Always buy your stuff or pay your expenses from the dividends from your stocks or the interests on your savings. Never ever reduce the principal amount. Rather on the contrary, always make it grow by re-investing a margin of the profits and earnings. Also make sure you don't invest money you can't afford to lose like house mortgage payments, money for groceries etc. If you don’t grow your asset column regularly, you will be left behind in the world of investing. Always follow the rule of paying yourself first. If you follow this principle, then in no time you would have grown your portfolio. Principle 13: Face your fear You can’t be right with your moves all the time. And it is not important to be. You will make some mistakes. And that is all right. As long as you are making few good ones, you are on the right track. You are going to turn a profit in the end. Many people tend to lose out on the deals of a lifetime because of the sole reason of fear. Conclusion If you follow the principles given above, then you are on your way to becoming an investor. You must always remember that money doesn’t always makes money. Money is an idea and nothing more. Ideas make money. And that is why it is important to know the basic investing principles, before you decide to test the waters. In the world of investing, always use your mind. Author’s Bio: This article is written by Jacob Arch, He is a famous article writer and a teacher at Assignment Service. He completed her Bachelor in Literature from University of London, UK. You like to write about Investments, Online Trading, Finance, Business, Digital Marketing or Crypto-currencies? Check our Write for us page. We'd love to share your knowledge with our audience.
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  6. What exactly is a business case study? A business case study is a thorough investigation into some aspect of the business, typically a problem or issue that may need to be solved. It’s very common for students to be assigned a business case study. It is an excellent way to gain the hands-on experience necessary to succeed in the business world. It allows you the skills to identify and solve complex problems. Before you can write your own case study, however, you need to know how to go about doing this. What is included in a business case study? There are a number of details that may or may not be included in a business case study depending upon your assignment, but the following are very typically included: Basic company information. It is important to include the must-know information about the business or industry that you are analyzing. Without this information, the reader of the report is left with little to no background knowledge about the study itself. An original title. Make sure your title includes the name of the company and a general line about your case study. Goals of your study. Make sure to discuss what your objectives are. What are you trying to discover or change? Strategies used. Discuss the strategies that you employed in your study. How did you collect your data? Additionally, it is important to address any challenges you may have faced in your study. Identify the problems that you encountered when trying to collect your data and solve problems related to the business or industry. Responses and results. You must conclude by stating the results of your business case study. You can demonstrate this in a variety of ways, such as the use of diagrams or statistics to demonstrate what you found in a quantifiable and easy to understand format. Steps to Writing an Effective Business Case Study Now that you know what details to include in your case study, here is how you go about collecting and presenting your information. Thoroughly investigate the company/industry, its past growth, and its history. It’s a good idea to create a timeline, complete with any necessary statistics and diagrams, to demonstrate how the company has grown and changed over the years. Outline achievements, important events, or problems that the business or industry faced. Identify the strong suits, and also the problems the company or industry has faced/is facing. Using the information you have already collected, you can analyze it to identify what the company has generally done well, and what it needs to work on. Don’t simply identify the problems though, make sure that you determine how those problems impacted the company so that you can work towards building solutions. Create an evaluation. Now that you have a bunch of data to gather from, you should construct an evaluation. Discuss what you have identified as the company has historically done right and wrong, and why. Identify the specific impacts. You can also identify the strategies that were used by the company, pointing out what worked and what didn’t. Identify possible next steps. The next piece of your Business Case Study is to discuss what route the business should take. Do not discuss anything that does not have a great deal of evidence backing it up. Additionally, don’t provide a list of excessively idealistic next steps. You should make sure that the company could actually follow through with your recommendations. Edit and review. This step is very important. Although you have already dedicated time and effort to your report, you still need to make sure that it is coherent, well-written, and grammatically sound. It doesn’t matter how professional your recommendations are if you cannot articulate them clearly using proper conventions. Tips for Making Your Case Study Shine You can correctly write your case study, but how do you make it truly stand out? Here’s how. Before you present your case study, make sure you have looked at it multiple times and are prepared to answer any questions posed to you by your class or your professor. Be analytical and don’t allow your own personal opinion to stand in the way of sound judgment. Your personal opinions do not matter as much as the evidence you have collected. Make sure your writing is analytical, not personal. Give yourself plenty of time to finish your project and compile it so that you’re not stuck scrambling at the last minute. Use diagrams and statistics to illustrate your findings. The best graphs for your diagrams depend upon what you are conveying and how you want to convey it. Proofread, and then proofread again. Then have somebody else proofread for you. Developing your own business case study is an excellent way to gain real-world knowledge through experience, analysis, and (either hypothetical or real depending on context) implementation. Even if this is for a class, and you will not actually see your proposed solutions brought to life, simply formulating them is enough to provide you with the skills necessary to succeed in the real world. Writing a business case study is not something that needs to be intimidating or dreaded, but in fact, embraced. This guide will make the process easier and more transparent for you. If you need help with writing, you can always contact a professional case study writing service which will provide you with custom written case studies on any business topics.
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  7. Yes, cryptocurrencies, again. It’s the talk of the day, a live history and, stay in your seat, but perhaps an end of the financial and social system as we know it. Yet, it feels as only a few understand cryptocurrencies’ deep foundations, how it works and where the notion heads for. We gathered cryptocurrencies experts, real experts. They know the technology, the conflict inside the Bitcoin world, the aspiration, the obstacles and much more. Meet The Experts Please tell our readers about yourself and your company. What is your first experience with Cryptocurrencies? What is your relation to the cryptoworld? Mr. Rosenfeld: I’m a mathematics M.Sc. graduate of the Weizmann Institute of Science, specializing in machine learning. I have worked as the head of research of the internet startup Similarweb, where I was in charge of developing algorithms for measuring connections between websites and analyzing web traffic. I first heard about Bitcoin in March 2011 from a blog post on lesswrong.com. Shortly after I’ve quit my existing job to focus exclusively on activities in this area. Among other things, I have established the Bitcoin community in Israel, founded Bitcoil – Israel’s first Bitcoin exchange service, and performed mathematical research on the algorithms that underlie the functioning of the Bitcoin and blockchain system. I now serve as the chairman of the Israeli Bitcoin Association, a nonprofit organization with the goal of maximizing the benefit that the people in Israel gain from the Bitcoin/Blockchain technology. Mr. Herzog: Eyal Hertzog is a venture-backed technology entrepreneur for over 20 years. Since 2014 Eyal has been working in the cryptocurrency space, beginning with AppCoin, empowering local communities with local currencies, and now Bancor Protocol, an on-chain, fully decentralized conversion solution between tokens connected to the network, through a low-cost, perpetual and adjustable smart contract liquidity mechanism. Bancor successfully completed a record-breaking token sale in June 2017, raising over $153 million for BNT, the Bancor Network Token, which serves as the hub connector for the Bancor Network™, a decentralized liquidity network allowing every integrated token to be instantly converted to any other, with no counterparty. In addition, Eyal is a talented piano and bass musician and enjoys windsurfing and snowboarding in his free time. Mr. Beigel: I first got acquainted with Bitcoin when I was basically out of a job in April 2013. I remember reading an article on TechCrunch called “Bitcoin: How An Unregulated, Decentralized Virtual Currency Just Became A Billion Dollar Market”. After reading a bit about Bitcoin I got hooked, downloaded a Bitcoin wallet and bought my first Bitcoin. Later on, I decided to create an information website since I figured what better way is there to learn about something than teaching it to others. Today 99Bitcoins (which was officially founded in January 2014) serves almost 2 million readers each month who are looking to take their first steps into Bitcoin and cryptocurrencies. Ms. Torteman: Deloitte’s global experience with blockchain technology started with Blockchain 1.0 back in 2009, when the major focus was on the bitcoin and other cryptocurrencies application, and developments were mostly concentrated around payments implications. Ever since throughout the “evolution” toward the Blockchain 2.0 and to the Distributes Ledger Technology (DLT), Deloitte has been operating substantially as a thought leader to encourage cultural and market education of the DLT business potential, and in developing proofs-of-concept and production-ready solutions across different sectors. Industries ranging from the Financial Services to the Industrial Sector, Retail and Distribution, Supply Chain, Life Science & Health Care, State Governments, Telecom, Real Estate, Energy and Resources, Automotive, Media, and others. Up until today, Deloitte has launched globally over 45 POCs exploring different blockchain application, in use cases such as International Trade, Supply Chain, Cross-Border Payments, KYC and others, and holds many strategic collaborations with many of the world’s leading blockchain players. Deloitte operates today 4 blockchain labs globally, devoted to developing, delivering and deploying blockchain business application. We offer diverse practices and professional services to accompany both blockchain initiatives and startups, as well as enterprises and corporates. Mr. Assia: I started trading when I was 13 years-old when my father taught me about the markets, and have been fascinated ever since. My brother and co-founder Ronen Assia who comes from an industrial design background used to say that I have the hobbies of an accountant and how he understood nothing from all the screens and charts in my room. It was clear to us from the beginning that the global markets and economies were connected to one another, yet somehow 99% of the world was disconnected and disengaged from this ecosystem. In 2007, we invented eToro under the vision that we wanted to open up the global markets for everyone to trade and invest in a simple and transparent way. Today, eToro is a global trading and investing platform, with over 6 million registered members and thousands of new accounts opened each day. eToro’s mission is to revolutionize the way people access the financial markets. We started looking at Bitcoin in January 2011, after a long romance I had (and still do) with creating new and better currencies for the world. Back then we bought some Bitcoins and tested the technology – which fascinated us. In September 2012, we started a project which became www.coloredcoins.org, the main mission of this project was to enable anyone to create additional currencies to be traded as P2P assets on the blockchain exchange. When we started writing the specifications of the new colored coins protocol – we started working with Vitalik Buterin, who later on decided to start his own path and created Ethereum. When we realized that in order to build the coloredcoins infrastructure we will need to invest a lot of money and it’s premature for the core business of eToro, we decided to spinoff coloredcoins, and since then Colu coin has raised more than 15M USD and launched virtual currencies for local communities. As cryptocurrencies are considered to be an alternative to central banks and Fiat money, how do you see cryptocurrencies integrate into our financial system in a regulated and responsible way? Mr. Rosenfeld: I believe cryptocurrencies are a challenge for regulators and will continue to be so, and that is a good thing. In general, I believe that less regulation is needed than the one that we currently have, but so far the technology for a less-regulated financial system did not exist. The advent of Bitcoin and other blockchain applications necessitate rethinking the goals of regulation and how the current approaches should be adopted. The first step is that cryptocurrencies are used without a clear regulatory framework. The next step will be that the traditional framework will be expanded to encompass cryptocurrencies. However, many of the existing definitions were not intended to cope with the new concepts that have been introduced; and eventually, completely new frameworks, which are appropriate for this new economy, will have to be devised. In the following decades, cryptocurrencies will coexist side by side with traditional currencies, but it is plausible that within 30-40 years, they can replace them completely. Mr. Herzog: I believe that this will be a long process and we can also learn from the process that we’ve already seen take place on the internet. For example, many services that were heavily regulated, such as radio and TV, migrated into digital networks and took on new forms in terms of content creation, approval and distribution. This created a very different landscape that could not be easily compared to the previous reality and so required new thinking around how to best protect consumers while upholding freedom of speech among other considerations. So the regulations we have today for the financial sector, which is in many ways designed to protect end users and customers from fraud and other dangers, may not be relevant to a new reality of an interconnected world of cryptocurrencies. It will likely require a different set of tools, different types of protections and different thinking. Mr. Beigel: Sure, I think many currencies will jump on the opportunity to solve major banking issues just like Ripple is doing. Also, I personally believe Bitcoin will become regulated eventually. That, of course, doesn’t mean everyone will follow regulations (the same way people avoid regulation on US dollars), but it will eliminate a lot of the fear surrounding Bitcoin and cryptocurrencies in general. Ms. Torteman: Cryptocurrencies interests across the Financial System worldwide is indeed on the rise. More than 80% of the world banks today are experimenting with blockchain and bitcoin technologies, and this figure is predicted to increase in the coming years. Government organizations worldwide are exploring the use of blockchain technology to improve their operations, where notable examples include Japan who approved this year recognizing bitcoin as a legal method of payment while also categorizing it as a kind of prepaid payment instrument; The U.S. Federal Reserve plan to issue a FedCoin cryptocurrency which will provide two way physical convertibility between the fiat money and electronic reserves, and in China, the National Central Bank (PBOC) is developing its own digital currency. Market adaptation of the bitcoin within stock exchanges worldwide is increasing as well, as bitcoin has proven its practicality and viability as a safe asset with the potential to serve as a counterpart to economic uncertainty, leading to both investment firms and individual investors to continuously purchase bitcoin. Despite these amazing developments and the wide advantages cryptocurrencies brings, their successful implementation and cross-global adaptation face a number of challenges and critical questions. First, in terms of theory: cryptocurrencies are neither intrinsically valuable, like gold, nor do they have roots in a commodity expressing a certain purchasing power. What kind of economical long-term impact would yield their mass global adaptation and their potential replacement of existing monetary paradigms? Cryptocurrencies represent the first time that a societal function such as the transference of funds, thought to require a trusted party, is replaced by algorithms and protocols. Will these adaptations change our existing global monetary system? Do we need to redefine how we understand economics today? And will other societal functions such as Law, Government, Corporation, and Academia follow suit and be replaced? Second, there remains considerable uncertainty in many markets over the future of the regulatory environment, and whether cryptocurrencies are considered a foreign currency; a commodity or asset, treated like goods; or represent a completely new form of currency which requires a whole new financial paradigm. As modern currencies have always been created and regulated by national governments, what would be the implications of shifting from this “historic model”? We believe that answering these questions and others is essential for the true integration of cryptocurrencies into the financial system, and we are seeing that regulators worldwide are indeed exploring these issues. Mr. Assia: The technology that powers Bitcoin and other cryptos, is a disruptive invention in the computer science field, called the blockchain. As a computer scientist myself, I believe this technology is comparable to when I first discovered the internet in 1995 and learned about TCP/IP. It’s as big invention as electricity and the internet; While new technologies might disrupt it, there is a clear network effect and first mover advantage when launching this type of technology. I believe that governments will have to adapt to blockchain technology. In a recent research paper that I read, it stated that a significant number of central banks in the world are already looking at blockchain technology, and due to the gravity of blockchain it will be inevitable that they will have to adopt it. Bitcoin and other cryptocurrencies are under pressure since the beginning of 2018. What are the main reasons and how do you think cryptocurrencies will perform in the rest of the year? Mr. Rosenfeld: We’re seeing now the aftermath of a textbook bubble in the price of Bitcoin and other cryptocurrencies. The hype and media attention outpaced the capacity for growth in the fundamentals, leading to inflated expectations. During the peak, we’ve warned that the bubble would likely burst, and it did. This is all par for the course and we’ve been there before – there was a major bubble in Bitcoin’s price in 2011, and twice in 2013. In the long run, I expect continued growth in all parameters. What happens in the short run is anyone’s guess, but I hope that 2018 will be the year where we get much more regulatory clarity and the adoption of new exciting technological improvements to Bitcoin such as the lightning network. Mr. Herzog: The prices of cryptocurrencies have been volatile historically. This is a new and unfamiliar space, with limited successful case studies and a lot of speculation, so investors sentiment can change quickly. Current sentiment seems to be on a positive trend but until we witness more successful examples of blockchain solution, it is expected to remain highly speculative. Mr. Beigel: The main reason for the pressure so to speak is mainly government regulation. That’s actually a good thing because it means Bitcoin is becoming more and more mainstream. What we should be focusing on is not the fact that the hype has died down but rather the fact that even with all of this pressure Bitcoin is still growing in adoption day by day. Other cryptocurrencies are just following Bitcoin’s lead as far as I can tell and at the moment I personally don’t pay a lot of attention to them. My guess is that 2018 will be the year of Bitcoin regulation so to speak, and that will lay the foundation for mass adoption once the next price spike arrives. Since by then it will be considered “normal” to buy Bitcoin. Mr. Assia: The early part of the year is historically a tricky time for cryptocurrencies, but speculation about regulation in recent months has also been weighing on the market. Even long-term investors have been tested by continued sideways price movements. But it’s important to remember that cryptocurrencies are in the early stages of development, so these cycles are to be expected. We expect to see the price of cryptocurrencies continue to rise over the long term, although price volatility will remain a feature while the market matures. Bitcoin prices rose exponentially during 2017, creating bubble talk. Although cryptocurrencies suffered a sharp drop in prices during 2018, do you believe that the current prices actually reflect the real value or perhaps prices are overvalued? Mr. Rosenfeld: It’s no secret that currently, Bitcoin is used for speculation much more than for actual commerce. While this remains the case, the exchange rate will be volatile and there will be no clear-cut answers to questions about the sustainability of any given price point. It also means that Bitcoin price is strongly tied to the probabilities of different future scenarios, rather to actual current usage. In the most optimistic projections of Bitcoin replacing all existing currencies, the price per unit can easily surpass $10M of today’s USD. A price of $5000 per bitcoin represents a chance of 0.05% of this happening, which I think is not completely far-fetched. Mr. Herzog: I actually don’t think that there is a specific right value for Bitcoin because the value of Bitcoin is basically a speculation. It’s the current sentiment of the people that are interested in or trading with Bitcoin regarding the future of that particular cryptocurrency in relation to the evolving blockchain landscape, such as what role will Bitcoin play, how big will it be, how fast it will get there. I think these are wild speculations and the potential is unprecedented because we are talking about a product that can compete with money itself as a solution for commerce. So you can expect any kind of jump in prices at any point. I think it’s important to mention that even though it is volatile and it has been very volatile throughout its lifetime, the long-term direction is quite clear. I remember many people talking about the stock market in the same way, that even though it may be volatile and may drop from time to time, the overall long-term prospects are very positive. So I think that this is a similar situation and I believe that in the long term, cryptocurrencies will continue to gain in value, while it is unlikely to predict any specific one. Mr. Beigel: The previous year and this year as well:) I actually believe Bitcoin is undervalued. I think that if we want Bitcoin to serve as some sort of reserve currency then its price should be much higher than what it is at the moment. Ms. Torteman: There’s clearly a lot of interest in the crypto world, reflected by the continuing rise of the bitcoin value. We think that bitcoin and other cryptocurrencies high volatility of prices represents some of the challenges these currencies are facing, caused first due to the regulatory uncertainty, the differentiation of governments acceptance, and due to the entrance of many “non- crypto community” newcomers, which don’t necessarily hold a thorough understanding and hence are much more influenced by any external developments. Mr. Assia: The big players are still on the fence, most of them have not invested in cryptocurrencies yet. Since the supply of Bitcoin is limited, and there are still very big pockets that have not started buying yet, I think we are still in the early days of cryptocurrencies and we won’t see the full value for a long time. ICO’s are a legitimate new way to raise funds and its popularity increases significantly during 2017 &2018, what do you think is the correct way to approach ICO’s? Should it be regulated? Mr. Rosenfeld: I believe things should only be regulated as little as possible – but that said, the current trends in ICOs clearly highlight the problems that regulation was intended to solve, and what can happen in its absence. There are 3 key problems we can identify: Investors in ICOs don’t get actual company stock (which provides well-defined rights and benefits), but rather tokens of questionable long-term value. The ICO market is bubbling, and funds raised by companies are an order of magnitude higher than appropriate. ICOs are marketed to innocent laymen, who are unable to discern the above two problems and are tempted to invest indiscriminately, fueling the bubble. To become legitimate, ICOs will need to start offering company shares instead of tokens, be more transparent, and set sane limits on the funds raised. Mr. Herzog: Token Generation Events are providing an amazing new solution for an innovative project, and in a digital format and liquid format, we’ve never seen before. It’s like comparing the printing press to the Internet. Similarly to above, the regulations that are in place today did not have this specific technological environment in mind, and so will likely undergo evolution to be effective for this new reality. Until we get there, it would be great if the industry could self-regulate in order to help both participants and regulators find the best path forward. Mr. Beigel: Definitely. At the moment the ICO market is a complete disaster in my opinion. People are investing their money only because of hype and probably less than 5% are actually doing their due diligence as they should be. Too many people are taking advantage of this situation and the lack of knowledge about cryptocurrencies to make a quick buck. I really hope the ICO mania calms down because a lot of people are going to lose their money the way it currently looks. Ms. Torteman: 2017 was indeed the breakthrough year of the ICOs with investments raising over $3 billion USD, compared to $300m the previous year (the sums reflects the value at the issuing). 2018 is a continuation of the trend. ICOs are interesting vehicles as they enable monetization to open code initiatives and consist another complementary element to the “blockchain philosophy” by serving as a token that represents some kind of value. ICOs defiantly represent an aspect of the consolidating “New Economy” as a new investment vehicle which expends and innovate the existing fundraising methods, and its effects have the potential to influence and innovate traditional methods as well. We in Deloitte IL see the cryptocurrencies evolution as part of an economic and social development and operate to assist ICO enterprises with the standard business establishment of their operations. We currently accompany multiple ICOs initiatives of Startups, Tech companies, and VCs with diverse professional business services such as Accounting, Taxation, Business strategy and more. Similar to other new technological developments, it takes some time for the market and for institutions to understand the advantages and disadvantages and to react accordingly. We believe that given the continuously growing volumes of ICOs it is essential to define standardization for the process and to make sure certain concrete criteria regarding the commercial, technological and financial details of the new ICO, as well as its potentials investors, are well defined. Regulation can also assist in preventing frauds and hacker’s thefts, and in preventing potential money laundering. Until the process will be standardized, potential investors interested in entering an ICO should carefully study the company and its product, and conduct sufficient due diligence before entering. Mr. Assia: ICO’s are an innovative platform to raise funds for companies but before one decides whether they want to invest, they should perform an appropriate level of due diligence so they are comfortable with the investment. I believe that in the medium-long term, regulators will find an adequate balance between innovation and protecting investors, in a way that enables innovative models to grow to disrupt obsolete areas in the financial services. Bitcoin’s community suffered many divisions and conflicts so far. Do you support one decentralized Bitcoin currency or the notion of other Bitcoins (Bitcoin Cash, Bitcoin Gold, etc) as well? Mr. Rosenfeld: I happen to be a pioneer in recognizing the prospect of Bitcoin splitting into several currencies, and my series of blog posts on the matter starting over two years ago which, to the best of my knowledge, the first time anyone has seriously considered this. I do strongly prefer that there will be one currency, and right now I prefer it to be according to the vision of the Bitcoin Core team. But I recognize the fact that other people disagree, and I believe that if we find ourselves unable to reconcile these disagreements, splitting the currency is a healthy thing to do, with each of the forks have the right to coexist peacefully with the others. Mr. Herzog: I believe that having multiple currencies used by different groups using different technologies and trying different ideas in different models is actually a good thing. I think this is how evolution occurs faster when various groups try multiple different options to see which ones work best. So I’m not a big fan of this monolithic model of one single currency in the middle. I don’t think it works as well. I think that what we’re seeing with Bitcoin is actually a leadership challenge. There are different interested groups and those interests are pulling Bitcoin in different directions. And I think it’s very hard to make a progress or make important decisions to move forward quickly in this way. Now, given that cryptocurrencies and blockchains are very young technologies, I think we still have a very long way to go, and a lot of improvement to make in order for these to be useful for the average person. So I do think it’s really the best thing that can happen that several hard forks will lead to several diverse teams compete with different approaches. Mr. Beigel: In general, I support the market, and the market at the moment shows support for Bitcoin Core. Also, after reading quite a lot about the matter, I believe that the Bitcoin Core team are the most capable team to lead Bitcoin forward. There are many who criticize Bitcoin as a tool that can create frauds, what is your opinion about that and what would be the best way to prevent it in the future? Mr. Rosenfeld: Bitcoin is actually much less suitable for illegitimate uses than is commonly believed. Its pseudonymity strikes a good balance between a degree of privacy, and the ability to spend resources on tracking any suspected illegal activity. In any case, Bitcoin-related crime should be condemned and fought just like any other kind of crime. Like any technology, Bitcoin can be used for a lot of good but also for evil. It is rarely a good idea to write a technology off just because of the latter and “throw the baby out with the bathwater”. Mr. Herzog: I think that there is definitely a risk of people using Bitcoin for unsavory tasks or purposes. We’ve seen it used for ransom and other activities which are illegal in many places. And I believe that the same thing was said about the internet in the beginning, that people might use it to connect terrorist cells, defraud people or other unwanted behaviors. And of course all of these things did and do happen on the Internet, and yet, generally people would likely still prefer the risks than losing the benefits of having this technology. While it’s easy for us to think about all the negative things that a new technology can bring, it’s actually harder for us to realize and envision all of the positive things it can bring as well. It is likely that eventually, we will be much more appreciative of the benefits blockchain technology is bringing to society, than the inevitable risks. Mr. Beigel: I find it amusing how people blame Bitcoin for fraud. It’s like saying that dollars create bank robberies. People who make such claims seem to be affected by the FUD (fear, uncertainty, and doubt) created by the media instead of thinking for themselves. Sure, Bitcoin can be used for paying a ransom, but so can Euros, British pounds, and Dollars. You don’t see anyone banning those currencies. Having said that, there are 2 main ways to make Bitcoin safer for the public: Continued development of the Bitcoin protocol and Bitcoin services that make it easier and safer to use Bitcoin. Market education – The internet wasn’t safe back in 1994 and isn’t a safe place today. However today, people are more educated about the risks involved in the online activity. The same will happen for Bitcoin, I’m sure of it. Mr. Assia: I don’t think Bitcoin creates more fraud than other segments of the financial sector. People have learned to abuse every invention that humanity has created since the dawn of history, but it didn’t prevent humanity from keeping on innovating. I believe that as long as the Bitcoin community grows, and more people and institutions are getting involved, regulators will create a clear regulatory framework that will strengthen the ecosystem and minimize fraud. Regulation has continued to be main the main catalyst for cryptocurrencies’ legality and price fluctuations. China, Japan, Russia, South Korea and other leading economies are the driving force of cryptocurrencies regulation. How can you evaluate the current situation? Can you vision a global regulation of cryptocurrencies? Mr. Beigel: At the moment it’s hard to assess since each country is acting on its own accord. You don’t see countries “copying” regulations of one another. In the end, I do believe some sort of main guidelines will emerge since the world is moving toward globalization of taxation but it won’t happen in the next year or so, it’s just too soon. At the moment each country is dealing with itself with how Bitcoin and other cryptocurrencies are disrupting their own sovereignty. Mr. Assia: Governments across the world are looking into how cryptocurrencies are affecting consumers and the best ways to regulate them. The recent G20 summit suggests that some international cooperation is possible, but it’s too early to say whether a global regulatory framework is on the cards. Ultimately we are supportive of appropriate regulation for cryptocurrencies, both to protect customers and help secure the long-term future of the industry. Mr. Herzog: There seems to be more clarity in some of the jurisdictions such as Switzerland and Singapore, where we can see the industry thriving. I believe that it is a matter of time until more jurisdictions will recognize the potential of the technology and embrace it. The less welcoming jurisdictions will experience talent drain and slower economic growth. It’s pretty clear that if a country would choose to block the internet 20 years ago, it would have a devastating effect on its economy. Banning blockchain technology would probably result in an even worse setback for any country that chose to do so. Mr. Rosenfeld: Over the next few years I expect to see countries adopting Bitcoin and cryptocurrencies in general as part of their existing regulatory frameworks. Since those differ by country, each will have its own approach to Bitcoin, we will not see a global “one size fits all” treatment. It might take a decade or more to construct entirely new frameworks specially tailored to this new innovation. Progress in regulation can definitely boost mainstream adoption while making it difficult to abuse the technology for criminal purposes. How do you see the crypto world evolution in the future? Mr. Herzog: I think that the first killer app of cryptocurrencies was Bitcoin, a decentralized, permissionless private currency. Unfortunately, the best feature of Bitcoin also challenges its brand, because if you have a permissionless, private currency then it works best for things that are unpermitted or that you would like to keep private. For other things, credit cards actually work better. They have significant advantages such as they are safer, easier to protect, harder to steal and more accessible to most people. The next killer app we’ve seen develop is crowdfunding, specifically on Ethereum, thanks to smart contracts. I believe that we will continue to see growth here and the attraction of new entrepreneurs, investors, technologists, and participants to space as a result. From there, the next big innovation will emerge. Mr. Beigel: 2018 is going to be super exciting. I think we will witness Bitcoin’s transition from the early adopters to the early majority, governments will start taking a stand on cryptocurrencies and hopefully, cryptocurrencies will become more dominant in everyday transactions. Mr. Assia: It has been a breakthrough year for cryptocurrencies and I see this continuing in 2018. The crypto markets will get more mature, innovation will rise along with new internal and external regulation, which will help create a more stable market. In addition, we will experience the first government to POC blockchain technology in the core technology of the financial services. It will no doubt be a fascinating market for cryptocurrencies. Mr. Rosenfeld: Over the next few years, we should see steady growth in all parameters – more businesses accepting Bitcoin, more startups developing new blockchain applications, more users, more regulatory clarity, more academic research, and of course a higher exchange rate. In 20 years, I expect that when you go to any shop in the world, you’ll be sure that it accepts Bitcoin. In 30 years, when you go to a shop, you won’t be sure that it accepts the local currency. Ms. Torteman: We believe that we are standing in the middle of one of the most interesting technological developments of the past decade. The blockchain is to value, what the internet is for information. It is an enabler, applicable to diverse industries. We see cryptocurrencies as representing the first wave of the technology, where the big potential for cross industries adaptation across different use cases will be DLT based. We predict that we will see in the coming years more industries continuing to explore and adopt blockchain based solutions. Organizations will further continue to explore scenarios in which blockchain could reinvent parts of their operations, value chains, business models and even products, and will continue to invest resources and to discover how blockchain could help bring new efficiencies to costly, slow, or unreliable transactions, and to introduce new models for partnership and collaboration. Business, government, and society are built on trust. As such, any promise to use modern computing principles to transform how we achieve and apply trust is indeed, disruptive.
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  8. One of the goals in life aside from being happy is to have enough money later on in life to be able to survive and maintain a certain lifestyle without having to work. That is called retirement. It is a time in life where you can do what you want all day without having to maintain a specific job to earn you a living. You can travel, play sports, create and play music, paint, or help those who are in need. Whatever you want to do, you can do. There are many ways to save up for retirement. One of the most common ways is through a pension. A pension can be provided by a private institution or the government. It is where you pay a monthly fee to the institution so that when you retire at the age of retirement, you can receive a certain amount monthly for you to be able to maintain a lifestyle without working. Retirement age also differs from country to country. In the United States, the retirement age is 66 years for people born in 1955 and 67 for those born in 1970 onwards. This means that you will receive the benefits of your pension at those ages. There are other ways to save up for retirement. You can save up money by yourself or invest in different investment schemes aside from investing in stocks, bonds, and mutual funds. Another way is through an IRA or an individual retirement account. This is a private way of making sure you have money when you retire but with some tax benefits depending on the states’ tax laws. There are many types of IRA available as your money can be invested in many different things nowadays. One of the options that you have is to invest in gold. There are regulations and limits to this type of IRA but investing in gold IRA companies is surely a good idea. Here are some of the reasons why you should invest in Gold Individual Retirement Account: Paper Money Can Fail Paper money is a banknote that serves as a promissory note by the bank that issued it. Nowadays, banknotes are issued by central banks of different governments around the world. For example, the Euro is issued by the central bank of European Union while the U.S dollar is issued by the Federal Reserve. The problem with a promissory note is that it will depend on the capability of the issuer to pay. If it is known that the issuer has no capability to pay, then the banknote is worthless. This capability to pay is directly related to a country’s GDP. If a country’s GDP is very poor, then people will not accept the banknote from that country. They will have to find ways to procure other banknotes from other countries to be able to trade. There are a lot of economic reasons that the value of your paper can fail: inflation, recession, and depression. The value of money is governed by the laws of supply of demand. Yes, countries can indeed print as much money as they want to. In the past, the amount of money printed, needed to be correspondent to the amount of gold the issuer had in reserve. However, now, money printed needs only to be correspondent with economic strength which is seen in the GDP of a certain country. Yet, there is still a problem with overprinting. Banknotes still fall under the powers of supply and demand and if you have too many banknotes of a certain currency in the international market, then the value of that banknote depreciates. To be able to maintain a certain value on the banknote, central banks must regulate the amount of legal tender in circulation in the local and international markets. Gold, on the other hand, is still subject to the laws of supply and demand. Yet, because it is a rare metal and procurement and treatment of this metal is very challenging, its value continues to rise as demand continues to go up. Gold has intrinsic value which paper money does not have. Central Banks Are Buying Gold Central banks all over the world are filling their stocks of gold once again. In fear of a possible economic recession and depression, central banks are making sure that their promissory notes are back up by something with intrinsic value. Because of the manipulation of currencies done by many countries like how China is keeping the value of the Chinese Yuan low despite their economic power and how the United States is printing somewhat an unlimited supply of money through a congressional act, GDP is no longer a good economic indicator. As with the practices of before, central banks are hoarding gold to protect their banknotes and the countries that they serve from a possible economic turmoil. If one of the major economies fails, the whole world will be affected. It is better to be protected and prepared than to suffer as a consequence of the actions of the greedy. Gold Increases in Value This rare metal’s value has been constantly increasing through time. Because of its rarity and because people love it so much, its value keeps rising. People love it as jewelry while technological companies used it in electronics because it is a highly efficient conductor where electricity can pass through it yet it remains free of corrosion. Because of the high demand in electronics, cell phones, smartphones, laptops, and tablets, the demand for gold to be used in these areas is also increasing. Click here to learn more about the uses of gold. Conclusion It is always a good idea to invest in this rare metal and even much better to invest in a gold IRA. Through this method, the rare metal you are investing in is kept safe by the financial institution so you don’t have to worry about anyone stealing it from you. You are also given tax cuts with your investment so you gain a lot more in the future when you decide to use your investment during your retirement.
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  9. A credit card can be a great tool for your personal finance, but only if it used responsibly. When deciding to get your first credit card, you need to make sure you are financially responsible enough to get a credit card. Getting a credit card and using it irresponsibly will actually hurt you more than not having a card at all. One of the main benefits of getting your first credit card is the ability it has to boost your credit score, or even develop a credit score for you if you do not have one yet. Without a credit score, you will not be able to get a mortgage, or a car loan–your credit score can affect you more than you think. If you are getting your first credit card, chances are you do not have a credit score yet. Here are some things you should consider before you get your first credit card: Pay Attention to the Interest Rate When looking for your first credit card it is important to know what things you should consider and what to look out for. One of the most important things you need to consider when comparing offers is the interest rate you will be charged. It is important to shop around and find the lowest interest rate. Ideally, you will pay off the credit card balance in full every month, but if you have to carry a balance from one month to the next, you will be grateful you found the best possible interest rate. Are There Rewards? Some credit cards also offer other rewards and incentives–some lenders may offer cash back rewards, or a small percentage of each purchase that you will get back and be able to apply to your statement balance. This is a great way to save money while building your credit score. If you use a traditional debit card, or cash, you will not get any cash back. So, even if it is only a percent or two you will be saving money by using your card. Emergency Uses Some people are skeptical when it comes to getting a credit card–and that’s totally understandable. You may fear racking up your credit card bills and falling into debt or going bankrupt but having a credit card can be useful if you’re in an emergency situation. For example, if you’re hurt on the job, it’s likely you will be eligible for workers compensation. Workers compensation will benefit you in many ways–but it might also land you in court. If you need to hire a workers compensation lawyer, this is when your credit card will come into play. What are Secured Credit Cards? If you are a new borrower with limited, or no credit at all, you may have a hard time qualifying for a credit card. The alternative option is to get a secured credit card. With a secured card, you will put a down payment on your card, then your spending limit is up to that down payment amount. The difference between a secured card and a debit card is the fact that when you make payments on your secured card they will be reported to credit bureaus. By reporting your payments to credit bureaus this will build your credit history. Then, you can try to apply for a more traditional credit card after building your credit for a while. If you do not make payments on time though, that will also still be reported and will hurt your credit history. What Are the Fees? You should be aware of any fees associated with a credit card before you commit to an offer. There are many different fees you could be charged, and all lenders impose their own unique fees. Some of the most common fees include late fees, foreign transaction fees , or an annual fee if your annual spending is not over a certain amount set by your particular lender. Things like the foreign transaction fee should be taken into careful consideration. If you decide to use your card in a foreign location, the fees could add up quickly. You may even be charged a foreign transaction fee if you make purchases from a business that has its primary location in a foreign country. Every card has different foreign transaction fees, and some do not have any foreign transaction fees at all. If you are planning to travel, or there is any chance you would travel and need to use your card, it is important to find a card with minimal or even no foreign transaction fees. Use Your Card Wisely Getting your first credit card can be a rewarding process, and it can provide many financial benefits, both short and long-term. Before getting your first card, you must carefully assess if you are ready for a credit card–you don’t want to spend half of your life rebuilding your credit score. You have to be financially responsible by–making your payments every month and not overcharging what you can afford to spend. If used correctly, your first credit card can provide you value for the rest of your life. If you make payments on time and are responsible with your credit card, your lender will most likely increase your available line of credit over time. What was once your first card with a small credit limit could become a great asset for you financially as your credit begins to build. Getting your first credit card is a big step toward financial independence and is a great idea if you are ready. Just make sure you do not jump into an offer too quick, and find the one best for you.
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