EDITOR’s note Digital vs Traditional Currencies
Will the birth of a new digital economy mark the end of fiat currencies? Are we witnessing the start of a new arm wrestling era between a traditional monetary system and a fast growing and fully digital ecosystem? Technology
is once
again on its way to revolutionizing the way we live and the way we trade, and Bitcoin has undoubtly be one of
the most discussed investments of 2017.
As Bitcoin, crypto- currencies
and
blockchain dominate global headlines, we would like, in this first 2018 edition, to give our readers light on a consolidating digital economy, and on the risks and opportunities for investors.
Te traditional monetary system, which offers low interest rates, has created a financial environment in which saving is not financially interesting. Since people are not earning
any interest on their money they are more attracted
already becoming centralized. The industry is dominated by large corporate operations and the
block rewards
by the opportunities offered by cryptocurrencies.
The new digital ecosystem, on the other hand, is consolidating. The bitcoin mining network is
increased only recently, and Banks and financial institutions have now begun to enter and invest in the cryptocurrency market.
In this issue, we talk about popular bitcoin trading strategies; we look at major currencies and BTC through the lens of the Ichimoku Kinko Hyo indicator; we go back in time to see if Bitcoins future can be dictated by the past; and we cover both fundamental and technical aspects
of digital versus traditional currencies.
are being
distributed to a small pool of high- powered miners. Exchanges such as the CBOE and CME launched Bitcoin futures to accommodate the increasing demand for the digital currency, and are now talking about launching futures on Ethereum and Litecoin as well. Institutional interest has
But the reality is that blockchain technology is here to stay and shows us how we are going to transact with each other in the new digital economy.
Happy new year, good reading and good trading!
Emmanuelle Festa Bianchet FX TRADER MAGAZINE January - March 2018 7
FX
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