If you were given a time frame to start trading in, what would it be?
I have a time frame of around 6 months and I have traded for over a year in addition to the 3 months that is mentioned above.
What are the advantages of being able to trade?
Because I know I’m going to be wrong I know I have to learn to be very risk averse and I’m not an investor in the slightest way. The trade itself helps me with gaining and losing money. At the end of the day it is all about learning a new trade and having fun trading!
Can you tell us anything about your next project?
I am going to try and build a full scale replica of the New York stock exchange. I hope to be able to work with the talented people who came together this time around on the creation of that model as well as to help fund that endeavor.
How has the Bitcoin Stock Exchange community responded to your proposal? Have a look at this post in the Bitcoin Stock Exchange threads
I’ve been getting tons of positive feedback from people who have been talking about how it would benefit them and their customers. I am getting a number of responses from people who have the funds to buy stocks. I’ve already secured one firm in which I will be working with and I will definitely be looking to fund the venture as well. So yeah, we are all very excited!
How will the Bitcoin Stock Exchange market impact other industries?
Since we’re using Bitcoins, I’m assuming that it will impact the financial services sector which is where bitcoin really shines as a currency. With the introduction of bitcoin as a currency, you also have something to be very careful when trying to put it to use on a business transaction as it could be used against you, in terms of using it in a business transaction to steal from you or your competitors who may use the same technology, even if they are not using that technology.
With interest in this growing sector reaching the mainstream, will the Bitcoin Stock Exchange provide additional advantages such as faster, more streamlined trading?
Absolutely it will. The trading itself is not going to be very fast but the speed and the liquidity. Since there are no brokers and nothing to buy or sell, you can put money up, put money up and you don’t have to worry about getting paid in fiat either. In addition, I have an actual company now where I can send and receive Bitcoins directly and it takes less than five minutes on
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