What’s Bitcoin Mentor Club?
[yasr_overall_rating size=”large”]
Bitcoin Mentor Club is Cecil Robles’ flagship CryptoCurrency newsletter, education portal, software, and crypto enthusiast community. Member’s have already experienced gains of over 8,000% in the past 10 months!
They bring a team of real CryptoCurrency traders, insiders, and blockchain developers to the everyday investor. Each one of their advisors are either bonafide crypto millionaires or experts in their own right. Bitcoin Mentor Club aims to take a rank newbie and help them in generating their first bit of profit from CryptoCurrency investing with a matter of days.
The Crypto Insiders Profit Code Revealed
On December 10th, a historic event is going to take place and you’re invited.
Plus… you’ll be joined by three real-life crypto currency insiders who are promising to reveal what they believe could be their next 25,000% gainer.
This isn’t fiction or pie in the sky wishful thinking.
One insider started investing in Bitcoin in 2011 when it was just sitting at $100. He’ll share his $1 million story with you on the call.
The second guy has already raised and invested over $250 million into little-known cryptocurrency and Blockchain tech companies.
The third insider is a pure mathematical genius who built the first stand-alone Crypto Currency trading software.
And get this… his software has generated over 50,000% in returns during 2017 alone.
For the past 12 months, these insiders have been showing a small group of everyday folks how to trade and invest in Crypto and make these kinds of profits too.
Gains like these…
2,154% on Litecoin…
1,206% on Bitcoin…
2,769% on Ethereum…
And 5,552% on Ripple… just to name a few.
In fact, here’s what one of their students had to say:
“This is exactly what I have needed to grow my crypto portfolio, Thank you all sincerely for everything you are doing. My portfolio is now valued at over $300k!” – Jim K.
Now as explosive as the growth has been of Cryptos in 2017… our insiders believe that 2018 will be even bigger.
However, the game is changing and it’s changing fast.
There are actually two very unique and little-known ways to profit from the Crypto Currency boom in 2018…
And I’ve hooked you up with the full scoop.
That’s why it is urgent that you register for and attend the 2017 Crypto Insiders Live Investment Briefing.
When you register for FREE today, here’s some of what you’ll get access to:
- A ticket to the live 90-minute Briefing on December 10th where you’ll be joined by the three Crypto insiders. They’ll be revealing their Crypto Insiders Profit Code which practically guarantees you’ll see huge gains in 2018.
- Access to the Crypto Insiders Bootcamp. This is a 5-part training series available only to those who register for the live briefing. It includes a 3-part video series, special insider reports, and more.
- A complete breakdown of the 4 pillars to crypto investing success which can help you make gains only insiders could… until now.
Plus some Crypto ICO stuff that will blow you away.
Simply Click Here To Register Today
Now, I know I’ll be asked, “Why are you publish this and why are these ‘crypto insiders’ giving all of this free training?”.
First, these guys have all been very fortunate to be a part of the Crypto Boom the past few years. They believe in what Crypto Currencies and the Blockchain are doing to revolutionize not only our money but entire industries.
They are real Crypto evangelists.
Second, I’ve had the opportunity to check out their advanced training and some of their insider plays and I’m blown away.
It’s 100% free to register and you’ll get to see for yourself.
To help you start your trip into Cryptos and Bitcoins, Cecil and his team gives you this Ultimate guide for FREE:
FREE DOWNLOAD – The Ultimate Guide To Profitably Investing In Bitcoin And Digital Currencies In 2017
Discover the 5 proven strategies you can use right now to passively profit from the fastest-growing market on the planet even if you have zero experience. Download it here
Six Truths Everyone Should Know About Bitcoin
Over the past 15 years of trading and investing in foreign currencies, I’ve picked up some critical lessons that I’m now applying to digital currencies, like Bitcoin (and others).
Hopefully you can learn from some of my mistakes, and if anything some of the pitfalls to avoid.
Bitcoin is said to be the greatest invention since the internet and while it’s grown tremendously over the past few years (now has a $90 billion market cap), most people know very little about it.
So lets get started.
Bitcoin is dubbed by some as “The Currency Of The Internet”
Bitcoin is a decentralized currency. This means that no government, group, or individual holds authority over it. Unlike fiat currency (such as the U.S. dollar), which is controlled and manipulated by the Federal Reserve, Bitcoin cannot be controlled or manipulated.
Decentralized currencies are a unique concept. Just like the internet, it is free from geographical boundaries. Many countries are afraid of the lack of control and regulations that a decentralized currency like Bitcoin presents, hence they are scared of it.
Rightfully so, as Bitcoin takes the power a few people have to control one of the most important things in our lives away and gives it 100% to the people. Even so, some progressive countries such as Japan and Australia have already started to recognize Bitcoin as currency.
Bitcoin does not rely on third parties to function
This is one of the things that make Bitcoin so special. In fact it is the exact reason that billions of dollars are being invested into the technology (blockchain) that is behind Bitcoin. Bitcoin is a peer-to-peer currency and runs on a system which allows you to send and receive bitcoins without a third party. This is not how fiat currency works. Instead, fiat currencies rely on third parties, such as banks or payment processors like Visa and Paypal, to verify the transaction. This is how we ensure that payment sent was indeed received.
This is also how multi-billion dollar industries were built on the back of third-party fees and transaction costs. Bitcoin transactions on the other hand are recorded in a publick ledger called the bitcoin blockchain. This transaction information is publicly viewable on Blockchain.info. It’s also permanent and cannot be edited or deleted. The transaction records themselves act as proof of transaction completely doing away with the need for a third-party to verify the transaction (and charge a fee).
Another thing that makes Bitcoin so special is that it is specifically programmed to be non-duplicable, which means double spending and countefeiting is highly unlikely.
Only so many bitcoins can ever exist
The 2008 financial crisis showed us just how fiat currency works. Immediately the Federal Reserve Bank cranked up the printing press and started creating additional fiat currency out of thin air.
Why?
So they could purposefully debase the U.S. dollar against other major world currencies, make our goods cheaper, give businesses no incentive to hold on to their cash, and hopefully heat up our economy. It goes without saying that by increasing the money supply, all money in circulation becomes less valuable.
This is a dangerous game of cat and mouse as at anytime inflation can rear its ugly head and make the purchasing power of fiat currency as good as a roll of toilet paper. Just to give you an idea of what that looks like, here’s a picture of a Zimbabwe $100 trillion dollar bill.
Imagine,selling your business for a cool million dollars, retiring, and then waking up one morning to find out the million dollars you have in the bank is worth less than $1 when it comes to purchasing power. And yet that is exactly what happened to a Zimbabwe farmer who sold his land in 2009.
You see, fiat currency creates the illusion of value by being “backed” by real and tangible assets (like gold). The problem is that the U.S. dollar has not been backed by a tangible asset for a long time. Every U.S. dollar in circulation is backed only by “the full faith and credit of the United States”, and has no inerent or intrinsic value whatsoever.
Furthermore, the real controlling interest of all of this “new money” is the good old Federal Reserve, a PRIVATE institution. The FED is regulated by no one and is controlled by only a handful of people.
Bitcoin, on the other hand has a fixed supply of 21 million coins. No more coins can ever be issued beyond that point.
This gives all bitcoins in circulation some form of value at all times (just like a commodity), with the potential to increase in value over time. It will actually take until 2040 before all bitcoins are mined. There are no institutions “printing” additional bitcoins and unlike fiat currency, where one institution is responsible for controlling the money supply, Bitcoin is consumer driven. Lastly, spent bitcoins are injected directly into Bitcoin’s growing economy once again. Spent fiat currency is kept out of the ecosystem until it is brougt back to the bank, which can take hours, days, or even years.
Bitcoins economy is self-sustainable, open to anyone, and simply better. Ben Bernanke, ex Fed chairman, stated in an open letter to congress that Bitcoin “may hold long-term promise”.
Bitcoin can be broken down into 1/100,000,000
A penny ($0.01) is the lowest that the U.S. dollar denomination can be broken down to. In comparison, a bitcoin can be broken down into 0.00000001. The smallest unit is also known as a satoshi. This may seem of little significance, however, it is of great importance to the long-term growth of Bitcoin.
Let’s assume that we are living in a world now where all 21 million bitcoin have been mined. What then? Won’t the supply be gone at that point?
No… not at all.
When all bitcoin are mined, the general logic is that it will make them become an more in demand commodity and thus the value will increase. Let’s say at this point the value of 1 bitcoin is worth $1,000,000. That makes owning one for the average person impossible right?
Again, not at all.
Because one bitcoin can be broken down into a satoshi (0.00000001 btc) anyone could own a fraction of a bitcoin just like anyone can own the smallest denomination of the U.S. dollar ($0.01). This makes bitcoin a viable currency.
Unlike the U.S. dollar however, Bitcoin can’t be controlled or manipulated by the government.
Bitcoin’s Anyonymity Is A Myth
Government entities that have tried to figure out a way to control Bitcoin have put out one central message:
Bitcoin is only used by criminals, tax evaders, terrorist and people doing illegal activity on the dark web.
While it may be true that a small percentage of these people use Bitcoin in that way, the same can be argued about criminals using the U.S. dollar to do the same thing.
Bitcoin anaonimity however, is a myth.
It has now become much, much harder to make anonymous transactions with Bitcoin. As the ecosystem matures, many bitcoin service providers have started implementing KYC/AML regulations. If you have ever opened a brokerage account or even a bank account then you’ll have more than likely have submitted to KYC/AML policies.
KYC/AML stands for know your customer/anti-money laundering.
This generally requires users to submit proof of identity and proof
of residence.
It is also fairly easy to trace bitcoins. In general bitcoins are bought from bitcoin exchanges, received as payment, or donated. Transaction details are then made public online. This means that it is possible to trace where the bitcoin came from.
Bitcoin Becomes Your Own Nation Less Private Banking System
After the 2008 finacnial crisis many people lost faith in the Western Economic System, including me. You may be one who sees the writing on the wall too. If that is the case owning Bitcoin can help you protect your financial future from inflation, theft, confiscation, and more.
Let’s face it… the Central Banking System is corrupt. Government confiscation of assets and the laws surrounding this practice are nothing new. In China, mercahnts around 2000 BC would hide their wealth from rulers who would simply take it from them or banish them. In addition to hiding their wealth in fear of confiscation, thhey would also moe it and invest it in businesses in places outside of China.
Over the millenia many rulers and states imposed rules that would take wealth from their citizens and this led to the development of offshore banking. The traditional banking system works on Fiat money. The U.S. dollar is the reserve currency, and can be printed at will and the supply is not capped.
This system works by banks keeping units of account between them of how much has been transferred.
Here’s the problem with this system…
It’s open to manipulation of figures, exchange rates, and tampering by high profile bankers and governments. We’ve seen this in recent years with large international banks actually commiting criminal acts, yet only walking away with fines.
Likewise, inside of this system the ease at which money can be printed leads to the slow errosion of its value. Here’s the last big problem I’ll discuss when it comes to the western banking system as we know it today:
Fractional Reserve Banking
This is where banks only keep enough cash on hand at any one time for a certain percentage of customers at once. If all customers attempted to withdraw their money at once, the bank would fail.
There are obviously some advantage to traditional banking and it isn’t going away anytime soon. Here are the advantage and disadvantages of the traditional banking system:
Advantages
- Already an established system.
- Bank cards are accepted nearly everywhere.
- Can access your cash at ATM’s around the world.
- Ability to charge your money back in the event of a fraud (although this feature can also be used for fraud).
- Use of cash does not require a network connection or electricity.
Disadvantages
- Open to manipulation of figures.
- Fractional reserve banking makes this a higher risk option to store your wealth.
- Inflation can slowly erode the value of cash held.
- Lack of transparency about how the system runs.
- Bank fees can be expensive, especially for businesses.
- Banking systems in different countries run differently and use different currencies which make the international transfer process tedious.
Bitcoin allows you to partially escape the reliance on the western banking system and create your own nation less bank. And while Bitcoin transactions aren’t necessarily anonymous, it allows you to store and grow your wealth without the worry of government confiscation.
Here are the main advantages vs. disadvantages of using Bitcoin as your own private nation less banking system.
Advantages
- Trust less. It does not require trust of any one entity or corporation to work. Even the creator cannot manipulate it to his own advantage on his own.
- Cheap to send transactions with no extra charge between countries. This mean money can be sent with ease from one end of the world to another. There is no complicated conversion necessary.
- Bitcoin debit cards exist to serve as a link between bitcoin and the traditional banking system, allowing its use even with merchants who do not accept bitcoin directly.
- Free from the manipulation which plagues the traditional banking system.
- One easy to use currency that is global.
- Acceptance gradually increasing.
Disadvantages
- Not accepted by a majority of mercahnt currently, although some major ones suppor it.
- Blockchain databases are expensive to secure.
- Has legal issues in some countries: Bangladesh, Bolivia, Ecuador, and Krygyzstan.
- Provides an easy way for dishonest entities to move money with limited ability to trace them.
- The inability to reverse transactions in the event of fraud.
Conculsion
Bitcoin and the cryptocurrency revolution are here to stay. While cryptocurrencies won’t overtake or eliminate the traditional banking system anytime soon if ever, there are many, many advantages to using it… at least as a dual system for now.
Using Bitcoin comes with responsibility due to the lack of chargebacks and the privacy it offers over traditional banking.
Bitcoin has the potential to change commerce and the financial system as we know it.
Bitcoin has the potential to put the financial power back in the hands of the people rather than in the hands of a few people who have little oversight or consequences if any.
Are you ready for it?
Who is Cecil Robles?
Cecil is a former Commodity Trading Advisor and fund manager with 15 years of experience covering the Global Currency Market.
He took his knowledge and experience and turned his full focus to CryptoCurrencies a little over 18 months ago. Through his network of industry insider connections he began to build a team that now makes up Bitcoin Mentor Club.