FINANCE

If you gathered up all the fearful thoughts that exist in the mind of the average person, looked at them objectively, and tried to decide just how much good they provided that person, you would see that not some but all fearful thoughts are useless. They do no good. Zero. They interfere with dreams, hopes, desire and progress.

Richard Carlson
Blog Posts | Marquez Comelab | 27 Mar 17 | Update: 27 Mar 17 | Full View
Bitcoin is splitting between BTC and BTU. BTC is Bitcoin Core and BTU is Bitcoin Unlimited.  Why is Bitcoin splitting? Bitcoin is splitting because it is growing in use and popularity. It is considered normal that new technologies go through such growing pains. Put simply, Bitcoin is approaching a technical limit (1MB block size).This poses issues about how the system can handle more transactions. For years, the Bitcoin community had been discussing how to solve it.
Article | Marquez Comelab | 05 Feb 17 | Update: 28 Feb 17 | Full View
How can America's democratic system produced Donald Trump as its President? Is there really no one else more qualified or suited to be the President of the most powerful and most influential nation on Earth? Isn't Democracy supposed to be a system where people elect who they want as their leader? How can this system, a system that is supposed to be a shining example of democracy, produced a man who is surely now one of the, or THE most hated person in America and the world? He is fighting with everybody including the ones who are on duty to support him: the FBI and the CIA.
Blog Posts | Marquez Comelab | 17 Dec 16 | Update: 17 Dec 16 | Full View
Like most people, I had a quiet confidence that Hillary Clinton was going to win the US election. “If Trump is lucky enough, the number of votes he will get might come close but, Hillary will pull through in the end”, I thought. Like those those in the Clinton camp who began their pre-emptive celebrations popping open champagne bottles, I was shocked to find out that Trump had won.  How can Americans vote for a man who makes up facts, blatantly lies and makes up his own statistics without caring to know whether his opinions are in fact based on anything with substance? 
Blog Posts | Marquez Comelab | 11 Dec 16 | Update: 11 Dec 16 | Full View
Looking at the last few months, comparing the exchange rates between Bitcoin, the Australian dollar, the Euro and the US Dollar, as well as the news in India, Europe and China, there is tension visible on the trading charts.  Traders and investors seem to be jostling for positions and placing their bets. It seems optimistic to me. There's a heightened probability that Bitcoin is about to strongly push above its current price.
Blog Posts | Marquez Comelab | 25 Oct 16 | Update: 24 Oct 16 | Full View
Brexit has raised a few problems for people and companies in the UK, now that its people have voted to exit the EU. Estonia, a smart cookie, in this story is wanting to provide a solution for those who wish to remain part of the EU. From what I understand, you can incorporate in Estonia, without being a resident or a citizen there. It is an interesting proposition to look into. I am all for giving governments competition for their services.
Videos | Marquez Comelab | 25 Oct 16 | Update: 24 Oct 16 | Full View
In addition to what I blogged about yesterday, about the European Central Bank wanting more control over Bitcoin, Andreas Antonopoulos talks about Hard Promises and Soft Promises, about Autonomy instead of Authority.  I am definitely with him. Bitcoin's Blockchain feature of unalterable record of all transactions is not a weakness. It is a strength. Do not change it. Being able to change the details of transactions is like being able to change how history is written in textbooks. 
Blog Posts | Marquez Comelab | 24 Oct 16 | Update: 24 Oct 16 | Full View
According to an article (link below) : "The European Central Bank (ECB) has proposed a directive of the European Parliament and of the Council stating that ‘virtual currencies do not qualify as currencies from a Union perspective,’ and wants digital currencies to be explicitly defined as not legal currencies or money... the use of digital currencies, such as bitcoin, pose a threat as terrorists and criminal groups are able to transfer money within digital currency networks with a certain level of anonymity." Because of this, the ECB is discouraging the promotion of Bitcoin.  
Blog Posts | Marquez Comelab | 19 Jun 16 | Update: 20 Jun 16 | Full View
According to an article by The Register (Last accessed: 18 June 2016),  "CIA director John Brennan told US senators they shouldn't worry about mandatory encryption backdoors hurting American businesses. And that's because, according to Brennan, there's no one else for people to turn to: if they don't want to use US-based technology because it's been forced to use weakened cryptography, they'll be out of luck because non-American solutions are simply 'theoretical'".
Blog Posts | Marquez Comelab | 18 Jun 16 | Update: 18 Jun 16 | Full View
We need a currency that no longer relies on national governments. We need a planetary currency. Bitcoin may be it.
Blog Posts | Marquez Comelab | 17 Jun 16 | Update: 17 Jun 16 | Full View
I heard about Bitcoin around 2012 but I just sat and waited to see if I would hear more of it.  I really got interested about Bitcoin when I heard an interview of an entrepreneur starting a business providing Bitcoin services and his reasons for why it is a good currency.  Bitcoin is a long term play for me. By long term, I mean one, two or three decades. It is not something I want to trade on a weekly, let alone daily basis. The spreads are too far apart in relation to its daily movements. 
Commentary | Marquez Comelab | 25 Mar 16 | Update: 08 Aug 16 | Full View
Dr. Jim Chalmers MP is the Federal Member for Rankin. He is the Shadow Minister for Financial Services and Superannuation, the Shadow Minister for Sport, and the Shadow Assistant Minister for Trade, Investment and Productivity, wrote an article and argued for Australia taking advantage of Blockchain. 
Q & A | Marquez Comelab | 14 Oct 15 | Update: 25 Mar 16 | Full View
In my opinion, I would have to say the Forex spot market due to minimum barrier to entry, minimum transaction costs (especially if you're dealing with brokers who allow minimal trade size and thus), no one holds an 'insider' advantage (at least for the long term) and everybody is relatively evenly matched terms of access to information, and anybody can avail themselves to any type of strategy big or small. Overall, it is an efficient market.
Q & A | Marquez Comelab | 06 Sep 15 | Update: 25 Mar 16 | Full View
When I was starting businesses when I was in my 20s, I expected results quickly. I expected to work hard on something for a year and I would see super results.  But it depends on your business. Is it a new idea? Do you need to educate customers still or are they familiar with your type of products or services? If yes, you need time.  If no, you need to negotiate better distribution terms  and acquisition costs from your suppliers to compete with your more established competition, etc
Q & A | Marquez Comelab | 30 Aug 15 | Update: 25 Mar 16 | Full View
To be an economic powerhouse, you need to set up a lot of things as a nation to ensure that you are trustworthy and assure investors that you have institutions and laws that ensure fairness and legal protection and respect for their property. 
Q & A | Marquez Comelab | 29 Aug 15 | Update: 25 Mar 16 | Full View
My answer on the 29th of August 2015: If you are serious about blogging, do it on Wordpress. I would recommend it running on your own domain name and on a hosting account you control. Reasons: you can customise its features, you have control over it, you're investing in your URL for the long term. My answer today, 13th March 2016:
Q & A | Marquez Comelab | 29 Aug 15 | Update: 25 Mar 16 | Full View
Generally, I disagree with bail outs because it works against benefits of having a free market and free competition. We got to where we are because people who were in  positions of power and influence allowed or made the conditions which caused these calamities,  to remain in power and influence. They might have done so intentionally with honest motives or for private gain,  or unintentionally through incompetence or stupidity. 
Q & A | Marquez Comelab | 20 Aug 15 | Update: 25 Mar 16 | Full View
Do you need to register as a company? Can you NOT register as a Sole Trader in India? That's probably the simplest to start with. I would only start using a company when it is worth more than its trouble.  Once you have that, I would, if I were in your shoes, see if I can legally protect any intellectual property I can have on the product (trademarks, patent, copyright, etc). 
Article | Marquez Comelab | 01 Jan 06 | Update: 18 Mar 16 | Full View
Not all traders are fortunate enough to have a friend or relative, who happens to be a successful trader, to learn from. Like most traders, Marquez Comelab, author of book: The Part-Time Currency Trader, did not know anybody who could teach him, in person, how to trade. So he read books and attended seminars. In this article, he shares the lessons he learnt from his very first trading teacher.
Article | Marquez Comelab | 01 Jan 06 | Update: 18 Mar 16 | Full View
What we can all learn from this article is the idea that we do not have to rely on our employers to be there for us when we desperately need them to pay us our periodic paycheques at the end of our working days. There are alternatives and, while we still can, I believe we owe it to ourselves and our families to have a back-up plan and look at every single opportunity available.
Article | Marquez Comelab | 01 Jan 06 | Update: 18 Mar 16 | Full View
People have preconceived misconceptions about trading, investing and money in general. This is an entire topic on its own but this week, I set my focus on addressing the type of returns one can expect to achieve by trading the markets. Hopefully, I can help some people understand the power of small consistent returns over time. For many, a great rate of return means multiplying your money at least ten times instantly. It is usually the type of windfall gains that people associate to winning the lottery or winning in the casino. Marquez believes that if applied to the market, these kinds of expectations are detrimental to making wise trading and investing decisions.