FX CRYPTOCURRENCIES by James Trescothick


BACK TO THE FUTURE Will Bitcoins future be dictated by the past?


It’s that time of year again where we over indulge and celebrate a closing of yet another year.


It is also that


time where we look back at our accomplishments or lack of what we have possibly achieved over the last 365 days. When I was younger in my house hold, New Year’s Eve was celebrated in front of the television watching Clive James on the BBC hosting his Review of the Year program. In manner that only James could pull off, his satirical review of the events that had occurred over


8 FX TRADER MAGAZINE January - March 2018


the last 12 months was the perfect way to see the year out and reach the climax of Big Ben chiming midnight.


Those days for me to celebrate


New Eve in a civilized fashion are pretty much long gone, however I believe that if there was a review of 2017, something that would be heavily discussed would of course be Bitcoin. And let’s face it, who by now hasn’t heard about Bitcoin and its incredible bull run and who


for one isn’t getting pretty sick of hearing about it. Even if you are, there is no doubt anything has quite caught imagination of the market like the infamous cryptocurrency and I have never witnessed such a dramatic rise of a new asset in my lifetime. Which leads me to a question which will also drag me into the much heated argument between the bitcoin bulls and bears. Is it a bubble waiting to burst or is it purely the future? Now the bears will continue shouting that Bitcoin


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