Ted Bauman recently shared an article online where he cautioned people about investing in Bitcoin. Contrary to popular belief, Ted Bauman, who is an editor at Banyan Hill Publishing, believes that the cryptocurrency market is overhyped and that people stand a chance to lose millions in the future due to the flaws in the design of how the Bitcoin works. Ted Bauman explained in the article that he wrote that the transaction speed is a big issue in today’s date where millions of transactions take place every second. If any currency is not able to sustain and process that kind of volume, it would not be able to last much longer. It will also result in investors losing a lot of money. Follow Ted Bauman on Twitter for more updates
Bitcoin is unable to process a large volume of transactions as it takes a lot of time for it to process. Ted Bauman said in the article that people should be cautious about investing in Bitcoin and must ensure that they are diversifying their investment and not put all their eggs in one basket, or in other words, invest heavily in Bitcoin or other cryptocurrencies. Ted Bauman has worked at different organizations in over 75 countries throughout his career that spans more than two decades. Ted Bauman holds post graduation in History as well as Economics from the famous University of Cape Town in South Africa. He moved to South Africa from the United States at a very young age, where he worked as an executive fund manager for the non-profit firm for nearly two decades after the completion of his education.
Ted Bauman in one of his other article wrote about how the people are not very particular about time management these days. Many of the problems in life can be solved with ease and simplified with the help of proper time management. One has to make sure that they have their day planned so that they can increase their productivity. One of the ways to do it is by waking up early and creating a to-do list the night before. It would allow them to get on the tasks for the day as soon as they get up. Ted Bauman feels that people should stay updated with the latest in the stock and financial market to understand where to invest and which investment options to avoid. He also urged people to avoid rumor mills when investing as it can lead to losses. Read more: http://www.talkmarkets.com/contributor/Ted-Bauman