Ted Bauman on Ways Bitcoin Technology can be Improved to Help it Sustain
Ted Bauman has come to the limelight recently for his unusual take on Bitcoin and cryptocurrencies in general. While many of the financial experts believe that cryptocurrencies are here to stay and grow with time, Ted Bauman feels that it is an overrated virtual currency that may have a short shelf life. Ted Bauman feels that one of the biggest problems with the growth of Bitcoin in the future is the amount of time it takes for the transaction to complete. Institutions like MasterCard and Visa processes millions of transactions in fractions of seconds, whereas Bitcoin is unable to do so. It can lead to people getting frustrated and ending up not using Bitcoin as a currency for transactions. Sometimes, people also have to wait for anywhere between 40 to an hour for the transaction to be completed. Read more about Ted at affiliatedork.com
Ted Bauman, who is the editor of three of the most popular financial newsletters in the United States, namely Plan B Club, Alpha Stock Alert, and the Bauman Letter, said that the problem of transaction speed needs to be addressed at the earliest. The biggest names in the field of Bitcoin trading are unable to come with a comprehensive answer or solution to the questions raised by Ted Bauman, and he believes that it is a problem that would show its ugly face sooner than later. He said that if the transaction speed issue is not resolved soon, the investors in Bitcoin can stand to lose billions of dollars in the future. Ever since the price of Bitcoin started to decline last month, there was already some panic in the market.
Ted Bauman said that while he is not completely against the investment in Bitcoin, he is asking people to be cautious about the investment and do so with an open mind as well as have a plan B in case things don’t go the way they intend to. Ted Bauman has working experience of more than two decades in the field of finance and economics and has even worked with institutions like World Bank, Cape Town University, and United Nations. Ted Bauman said that for professionals, one of the most important qualities to have is that of time management. Without being able to manage time well, it is impossible for the professionals to be able to achieve their goals. Thus, one needs to plan their day of time so that they can increase their productivity. Visit: https://twitter.com/TedBaumanGuru