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January 20, 2017 By Grace Visconti 2 Comments

How Cryptocurrencies and Blockchain Technologies Will Energize the Fourth Industrial Revolution, Part 2

Cryptor Trust

Geir SolemInterview with Geir Solem, Cryptor Trust
Geir Solem is the founder and Chairman of Cryptor Trust Inc. group of companies and Chief Editor of Bitcoin Investor. Geir is also the founder of Elliott Wave Technician and Cornupia Capital Ltd.  He is also President of the Cryptor Foundation. His specialties include analysis of the financial market using demographics, economic cycles, and Elliott Wave theory / technical analysis. Geir focuses on investment in long term trends around the world. He engages in trading of commodities, bonds, stocks, and currencies.

About the Cryptor Trust Group
Cryptor Trust is the first and still one of the few investment groups in the world to introduce a formal capital structure based on Bitcoin, holding Bitcoin and blockchain related investments as its main assets as well as expanding into distributed, blockchain based finance.

Note: The forecasting was done by Cryptor Trust in December, 2016 when this interview was conducted.

 

Outlook for Bitcoin Investment, Implications, and Trends Forecasting

GCV: How are cryptocurrencies and blockchain, in particular, affecting fiat economies and the financial industry right now? Will the value of cryptocurrencies skyrocket if the current economic system and the banks fail due to the enormous amount of debt owing and its unsustainable structure?

GS: Cryptocurrencies are one of the few safe places for your money. Investing in precious metals is another option but it is more suited for long term storage of wealth and is not as practical to store and spend. The value of the different cryptocurrencies will vary depending on how widely a specific cryptocurrency is issued and its popularity. Bitcoin has a very limited edition restricted to 21 million Bitcoin, it is currently the most popular cryptocurrency, and is thus the most deflationary currency out there. Litecoin is issued on a more generous scale, and is not as popular as Bitcoin, and is not appreciating in value as strongly as Bitcoin. Many of the cryptocurrencies out there are issued on a large inflated scale, the popularity of them varies, and many of them will decline in value over time as they lose their popularity, or possibly go extinct.

Bitcoin and other cryptocurrencies can be very price volatile in the short and intermediate timeframe compared to the world’s dominating fiat currencies like the USD and Euro. The long term price of all fiat currencies is zero. The USD has lost about 98% of its value since 1900. This means that you cannot use fiat currencies for long term storage of wealth.

GCV: How would you assure and convince people who are still leery of the security issues that plague cryptocurrencies and blockchain technology that they are safe, especially for investors?

GS: Security is relative. Bitcoin and other cryptocurrencies are already quite secure to use and store compared to fiat currencies.

Remember that with fiat, your bank, authorities, lawsuits, etc. can block your bank account at any time and in the western world, this happens more and more often. They do not necessarily need to go through the court system to do that. Banks can go bankrupt. Border guards can confiscate your fiat cash at the border. Wars happen all the time around the world. Nations go bankrupt almost regularly. Our forecast indicates that more European countries than Greece and Cyprus will fail and introduce currency restrictions. Italy is already heading for default with their entire banking system. Will you be able to easily transfer money out of an Italian bank in a few years’ time? All things considered, cryptocurrencies actually look very safe compared to fiat currencies.

GCV: What advice would you give to investors who are planning on investing in cryptocurrencies and blockchain technology now and in the future?

GS: If you want to be an investor there is a lot to learn. You could begin by starting to use new technologies, make small investments in different emerging tech companies and read books, articles, and websites about investment. Over time you will gain the knowledge.

The biggest problem is finding good investment books and websites as there are many and most of them will not help you. We have a small library of recommended books at  blog.elliottwavetechnician.com The books are written by the best in the global investment business and innovators of tools (technical indicators) used for technical analysis of price structures. The price trends of stock markets and commodities are a manifestation of mass psychology. Demographic trends are also very important in developed consumer countries, as well as long term economic cycles. The books and websites in these areas are where you find value.

GCV: With respect to investing in cryptocurrencies, how does Cryptor Trust assist investors?

GS: Most people do not have the skill, are not able to, or do not have the time to do investment research, follow the markets, and do their own forecasting. An investment company has it as their business to do this and there is quite a lot of work related to it. We do demographic research, technical analysis of most global markets (which is the study of price structures), and follow long term economic cycles, in addition to following the latest trends in technology.

As practical examples of why you need investment skill is market timing. You can analyze if a market is very expensive or very low priced historically (100 years perspective) by looking at margin debt, how heavy mutual funds are invested and by using some weighted p/e.

Take the NYSE stock exchange which is now very expensive in historical perspective (last 100 years) using those indicators I mentioned. The margin debt on the NYSE is now hovering around the highest ever in its history (investors are so optimistic that they borrow money massively in order to buy/invest in shares), mutual funds are fully invested with less than 3% cash (they are looking at the last 100 years, usually fully invested at market tops as they share the general optimism of the crowd, and at the end of large bear markets, they sit with a lot of cash fearful of investing), and the weighted p/e we use are at extreme historical levels. Tops are built on hopes and can take a long time to play itself out. Tops are a good time to sell your investments.

A future large market correction will create investment opportunities of a lifetime. Usually the ‘grey market’, where most of the new emerging players in the Bitcoin, blockchain & FinTech arena are fine themselves, but will collapse in value during major market corrections. When this occurs, there will be an opportunity to look at the players that survive.

GCV: How will Bitcoin perform compared to other currencies if the fiat currency fails and explain in more detail what the “grey market” is and how volatile it will be for investors?

Bitcoin and other cryptocurrencies have their own life relative to stock markets, commodities, bonds and fiat currencies.  However, it is likely that the demand and their uses will increase the more devaluations and restrictions there are on fiat currencies around the world. However, the price of Bitcoin is clearly driven by mass psychology as prices are for stock markets and commodity markets. The grey market is traded ‘over the counter’. Often brokers create an informal market for securities that are not listed in the government regulated formal exchanges. The grey market is a very good barometer of the liquidity in the economy. When a recession begins, they are the first to feel the cash squeeze and become illiquid.

With all of the debt problems around the world, especially in Europe, Japan and the US, a contagion can begin at any time now, and defaults in one country will spread to other countries.

Debt bubbles can burst as shown in US history with two previous periods of deflation in terms of magnitude: 1835 – 1842 and 1929 – 1932. During these periods, the value of financial assets almost disappeared.

This is truly frightening. If history is any guide, expect deflation to follow. As a government/state defense, expect currency restrictions to be introduced in countries with debt problems. When comparing countries, the US is in the best position because they have the world’s reserve currency. However, extreme money printing in order to pay down debt usually leads to the loss of having the reserve currency. Long term, this is the likely outcome for the US dollar.

The average life expectancy for a fiat currency is around 27 years. Approximately every 30-40 years the monetary system breaks down and needs to be redefined.

Here is a chart showing the lifespan of fiat currencies historically. 

Reserve Currency History Image
Source JP Morgan and Elliott Wave technician

The British Pound Sterling also known as the pound (XBP) is so far the most successful reserve currency in the world and is the oldest currency still in use.

Prior to WWI, the United Kingdom had one of the world’s strongest economies, holding 40% of the world’s overseas investments. However, after the end of the war, the country was very indebted and lost the reserve currency status to the US dollar. As far as which country will have the new reserve currency, I cannot see any new clear future candidate as per today.

Here is a weekly chart of the British Pound for short called XBP.

 
GBP Weekly 20161130
Technical analysis of the British Pound Sterling.  Source: Elliott Wave Technician

The XBP has been declining for about a decade. The Elliott Wave structure is a large A, B and C correction since 2007 marked in blue colour on the chart above.

Wave ‘A’ down ended in early 2009. A large side wave correction that we have labeled as wave ‘B’ ended in the middle of 2014. Since then, the XBP has been declining in wave ‘C’.

The XBP is declining in wave ‘C’ down. The decline will take the British Pound near parity with the USD in a few years.

GCV: Can you illustrate by using a chart how fast-moving Bitcoin can be and how you assisted your investors, what actions were taken for example?

The last few years we have been holding Bitcoin cash. Since the stock market, as well as the grey market, are at historically overvalued levels, we are not investing. However, we are ready to do so when the next bear market occurs most likely in 2017.

 Bitcoin Price Analysis Long Term TradeI DeaAug-9-2016-2
Source Trading Technologies, Elliott Wave Technician

GCV: What is available from an education standpoint at Cryptor Trust to assist inexperienced and experienced Bitcoin investors?

We offer a free Education Center on investment at our website elliottwavetechnician.com. We also offer different paid subscription services. The basic one is our monthly newsletter that covers all major global markets that include stock markets, commodities, currencies (including Bitcoin), demographics, and social trends.

GCV: If the stock market crashes in the near future how will this affect Bitcoin and other cryptocurrency exchanges? How safe are they from being influenced by such a disaster?

Most likely it will drive more people to hold and use cryptocurrencies. Centralized Cryptocurrency Exchanges are also at risk if they have centralized control of their clients’ money. When authorities introduce currency control/regulations as defence, the centralized exchanges then will be forced to impose this on their clients. Regarding how regulations will affect investing in Bitcoin when the attraction is that it has very little regulation, decentralized cryptocurrency exchanges and private wallets will not be affected, only centralized exchanges, as the authorities and 3rd parties, have no control/access to them.

GCV: What are the implications if cash and fiat currencies are no longer used? What would happen to the price of Bitcoin and cryptocurrencies in general?

Since a large part of the population around the world have no or limited access to technology that will take time. More restrictions and regulations will be a catalysator for increasing use of cryptocurrencies. Expect it to put an upward pressure on the price of Bitcoin and cryptocurrencies.

GCV: As the founder of the Elliott Wave Technician, can you make any predictions regarding how Bitcoin and blockchain technologies will fare in a Fourth Industrial Revolution world?

GS: Yes, I think the rise of Bitcoin to around 1.200 was the initial Wave (1) rise in Elliott Wave terms. What we have experienced since that peak is a wave ‘(2)’ correction. The decline to less than USD 200 could be all of the correction. However, I think it is more likely that it was only wave ‘A’ of a larger wave ‘2’ and the current rally is wave ‘B’ up. If this is the case, we will have another decline in wave ‘C’ to complete wave (2). A target of this decline would be to less than USD 200.

Bitcoin Elliott Wave Count longterm 20161027
Source Elliott Wave Technician

After that, the real rise begins in wave ‘(3)’ which is the most powerful wave in Elliott Wave theory. If Bitcoin takes over one-third of the world’s remittance market, the price would conservatively go to more than USD 20,000. See my earlier long term forecast of the Bitcoin price potential in The Street.

The alternative, of course, is a much more near-term bullish outcome, which is that we already have fully completed a larger wave ‘(2)’ correction, and are in wave ‘(3)’ up, if so we will then still have a correction in wave ‘2’ of ‘(3)’ before the rise continues in wave ‘3’ of ‘(3)’. If this is the case, the size of the correction could be typically 50% or 62% retracement of the current wave up over the last few years.

Bitcoin moves very fast so if you try to be smart and trade the waves you could easily lose a large part of the rise.

Here is a short description of Elliott Wave theory:

The Elliott Wave principle describes the psychology of crowds. Social mood (mass psychology) drives social action and has structure and form.

It reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns.

One of the easiest places to see the Elliott Wave Principle at work is in the financial markets, where changing investor psychology is recorded in the form of price movements. If you can identify repeating patterns in prices, and figure out where we are in those repeating patterns today, you can predict where we are going.

The Elliott Wave Principle is named after its discoverer Ralph Nelson Elliott (1871-1948) which was developed during the 1930’s.

Elliott Wave Principle measures investor psychology, which is the real driver behind the stock markets. When people are optimistic about the future of a given issue, they bid the price up.

Using the Elliott Wave Principle is an exercise in probability. An Elliottician is someone who is able to identify the market’s structure and anticipate the most likely next move based on our position within those structures. By knowing the wave patterns, you’ll know what the markets are likely to do next and sometimes most importantly what they will not do next.

GCV: Besides using the Elliott Wave Technician, what other methods do you use when researching and deciphering the quick moving path of Bitcoin to assist in the investment process?

The price of Bitcoin is clearly displaying an Elliott Wave structure, and that means the price is driven by mass psychology, so technical analysis of the price structure and Elliott Wave theory are the best tools to forecast price movements. In addition, we look at emerging technologies and potentially new competing cryptocurrencies.

GCV: What exchanges do you use in Europe and North America and why?

We do not focus on certain exchanges as such, it is more like you buy the shares of a company you are investing in on the exchange they are traded. Also, remember that most Bitcoin and blockchain related companies are more like startups or only are a few years old, meaning that you do not find them on formal exchanges, but more likely in the informal grey or private market.

GCV: How can you appease the fears of customers after hearing about the hack in August 2016 of the exchange platform Bitfinex where approximately $70 million worth of Bitcoins were stolen from the exchange?

Well, the same happens to banks. The last case I remember was the hacking of the central bank of Bangladesh. I think the heist amounted to about 101 million USD. This happens to banks regularly. With cryptocurrencies, you can avoid these problems, by storing your cryptocurrencies in your own private physical wallet offline and only use exchanges that are fully decentralized, where the client only is controlling the money.

My forecast is that hacking of banks and centralized exchanges will only increase in the future. However, I think that the biggest threat to banks and centralized exchanges are the authorities, going after them, in connections with new currency restrictions, tax regulations, and heavy fines. Remember that many exchanges are in a position to block/freeze clients’ cryptocurrency accounts. In order to avoid risking this, I recommend that you use decentralized exchanges when possible. Here are some links on the Cryptor Trust website.

GCV: Do you suggest your clients get insurance when investing in Bitcoin just to be on the safe side?

No, I do not see the value with having insurance. The insurance companies are just another risky entity. There are many other ways of securing your funds like diversifying by using different wallets, hardware wallets, etc.

GCV: Cryptor Trust is expanding into distributed, blockchain based finance. Can you share what benefit this will bring to investors and how Cryptor Trust will be a positive, progressive influence in the Fourth Industrial Revolution?

I described in some of my previous answers how important it is to keep control of your own money and avoid that banks, exchanges, authorities, and others are in control. Prepare for more currency controls, devaluations, regulations, and heavy penalties that are underway in the Western World.

Europe is the window of how this will play out near term. We already know what happened in Cyprus and Greece. Let us see how it plays out in Italy now. I expect that the banking crises in Italy will break the European Union into confetti. The deposit holders should prepare for heavy losses. They are lucky if they get anything back.

Go to Part 1
Influences of Cryptocurrencies and Blockchain Technology in a Disintegrating Debt-Laden Fiat Currency System

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January 4, 2017 By Grace Visconti Leave a Comment

How Cryptocurrencies and Blockchain Technologies Will Energize the Fourth Industrial Revolution, Part 1

Bitcoin

Geir SolemInterview with Geir Solem, Cryptor Trust
Geir Solem is the founder and Chairman of Cryptor Trust Inc. group of companies and Chief Editor of Bitcoin Investor. Geir is also the founder of Elliott Wave Technician and Cornupia Capital Ltd.  He is also President of the Cryptor Foundation. His specialties include analysis of the financial market using demographics, economic cycles, and Elliott Wave theory / technical analysis. Geir focuses on investment in long term trends around the world. He engages in trading of commodities, bonds, stocks, and currencies.

About the Cryptor Trust Group:
Cryptor Trust is the first and still one of the few investment groups in the world to introduce a formal capital structure based on Bitcoin, holding Bitcoin and blockchain related investments as its main assets as well as expanding into distributed, blockchain based finance.

 

Influences of Cryptocurrencies and Blockchain Technology in a Disintegrating Debt-Laden Fiat Currency System

GCV: What are the elements and/or characteristics that will define the Fourth Industrial Revolution?

GS: Billions of new people connected by mobile supercomputers, with a storage capacity and access to knowledge not seen earlier in human history, will be multiplied by emerging technology in fields such as artificial intelligence, robotics, the Internet of Things, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage, and quantum computing. 

Industry 4.0
By Christoph Roser. Credit “Christoph Roser at AllAboutLean.com.” (Own work) [CC BY-SA 4.0 (http://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

GCV: Klaus Schwab, the Founder and Executive Chairman of the World Economic Forum, stated in his article The Fourth Industrial Revolution: what it means, how to respond that the Fourth Industrial Revolution will have effects on customer expectations, product enhancement, collaborative innovation, and organizational forms as a result of new business models. How will cryptocurrencies and blockchain technology, once they are more widely accepted by the banks worldwide, affect the outcome of these four effects on society and business?

GS: They will facilitate the effects by providing lower cost, speed, trust, and reliability. However, this is not related to the banks as such, as they more or less will disappear in their current form and shape. The reason is that it is impossible for most banks to adapt due to their existing cost structure, the number of employees, regulations, and interference from the authorities. Notice that this is not only a matter of using new technology as those expensive bank buildings, all those expensive employees, and their old computer systems are not needed anymore to facilitate banking and finance in the post cryptocurrency blockchain world. Over the next few decades, you will see banks shrink dramatically and I predict that in the western world most of them will go under.

GCV: In your opinion, what ignited the Fourth Industrial Revolution and when did you decide to be a pioneer by offering guidance to people who want to invest in blockchain related assets using Bitcoin?

GS: The Internet was the basic platform that made the Fourth Industrial Revolution possible. You could say that digitalization, cryptocurrencies, and the blockchain were layers built upon the Internet. When we discovered Bitcoin, we understood this was a new beginning that opened endless opportunities in banking, finance, and commerce on a global scale.

GCV: Will cryptocurrencies and blockchain technologies empower people and if so, how will it encourage growth on a large scale?

GS: They become their own bank and have full control of their own money which is very powerful.

The main global effect on growth will be more liquidity, diversity, and a substantial increase in the number of various participants in all sectors of the economy.

Here are a few examples:
In manufacturing, the trend will be towards local production. In the future, you will print out your new mobile on a 3-dimensional printer and download the software. You will, of course, be able to choose or create the design of the mobile phone yourself.

In the stock market, there will more investors, listed companies, advisors, analysts, etc. It will also create new stock markets, especially in the 3rd world. Businesses in the 3rd world will have easier access to capital. The barriers for new companies to be listed and investors to invest will come down.

GCV: How will the Fourth Industrial Revolution shift the world inequalities to more equitable empowering options for the masses?

GS: In short, low cost super mobile smartphones, free Internet, digitalization, open source technology, cryptocurrencies, and the blockchain, all contribute to a worldwide leveled playing field. In the capitalist world, the cost of service and production is falling towards zero. As the world goes digital, a whole ecosystem becomes available over the Internet to everybody worldwide at almost zero cost.

GCV: It is predicted that the sharing economy will shift the power from institutions to individuals and communities. How will cryptocurrencies and blockchain technologies assist in the economic transformation using this type of collaboration?

GS: Together with a distributed commerce peer-to-peer network makes it all possible by facilitating the shift

GCV: How will the redistribution and decentralization of power and new technologies affect the way we do business? What kind of role will cryptocurrencies and blockchain technologies have in this paradigm shift?

GS: The unbanked now get an opportunity to have a bank account in the form of a digital wallet, doing affordable cryptocurrency transfers for purchases, savings, and investment. Until now the traditional banking system has been too expensive and bureaucratic for them. The fences/barriers are coming down and a door is open for them to enter. This means the 3rd world will fully enter the digitizing global economy. The digitized global commerce will be open for everyone.

GCV: What kind of effects will the Fourth Industrial Revolution have on the working poor, poverty stricken, numerous people without bank accounts, and the quality of life in general for the global population?

GS: Digitalization of the economy makes the entry point to join the global economy close to zero and the cost of acquiring goods and services more or less free.

GCV: Will supply and demand requests change as cryptocurrencies and blockchain technologies become the norm?

GS: Because of better availability of digitized service and goods, as well as the cost of service and goods falling towards zero, the demand will increase enormously especially from the unbanked of the 3rd world. Most of these people have limited access at present.

GCV: If cash is removed from society like most of it was in India, will it pose problems for the masses who are illiterate and do not use technology? Will cryptocurrencies and blockchain technologies bridge the gap and if so, how?

GS: The government restrictions will create problems for many people including possible ruin for those trying to save themselves without access to technology. The government of India is fully aware of the consequences, but still implemented the restrictions on the Rupee. I expect much more restrictions and regulations will occur when it comes to fiat currencies around the world as the global debt bubble implodes.

Cryptocurrencies and the blockchain are the escape route out of this regulation nightmare. It will be very difficult to enforce capital control restrictions on cryptocurrencies.

The Bitcoin/blockchain network is an encrypted, distributed, peer-to-peer outside the control of the government. It is not controlled by anyone. Cryptocurrency/blockchain networks live on the global computer network and are not possible to shut down meaning the blockchain network is not hosted in a single place where you can shut it down.

GCV: What do you perceive is the cause that ignited the shift from a debt-based system established by the fiat currency to an equity-based system created by cryptocurrencies such as Bitcoin and blockchain technologies?

GS: Technology made it possible and the abuse of the old debt system is the catalyst towards cryptocurrencies.

GCV: How will a decentralized currency affect the definition and operation of nations?

GS: Bitcoin is backed by no government, rather, it’s distributed across the entire network of users where its roots are in complex digital mathematics. This makes the currency immune to manipulation by politicians.

Because Bitcoin is untouchable by the nation-state, politicians will in the future struggle to extract tax revenues and penalties from their citizens in order to pay for the state’s ever bloating expenses and programs.  Less revenue will, of course, undermine the nation state over the long term.

However, there are other forces than the currency that influence the future of the nation-state. Declining societies are fear driven and will tend to be more nationalistic as a way of finding ‘safety’. I would expect the declining western societies to become more nationalistic, and in practice, this would include exiting the European Union and possibly the break-up of European countries like Spain, the UK, France and Italy.

There are dangers for nations that put restrictions on the Internet in order to stop cryptocurrencies. Since Bitcoin is the money of the Internet, they could become isolated from the rest of the Internet economy or lagging in development. I would call these countries the ‘next’ 3rd world.

GCV: How will access to funds with purchasing power for new consumers affect the global economy?

GS: It opens the door for those without bank accounts to participate in the global economy making the world economy to scale much bigger. However, since much of that growth will come from the informal workers and businesses in the 3rd world it will not all be officially registered in the formal economy. OECD estimates that the world’s largest economy in 2020 will be the global ‘informal’ economy where ⅔ of the world’s workers actually work. This part of the economy will be booming and a substantial part of the wealth creation will happen there.

GCV: In other words, there will still be a shadow economy even with Bitcoin and blockchain?

GS: Yes, and the reason is how you define shadow and formal economies. Politicians will more often than not define economies outside their control and will as illegal. Think about it, politicians define two-thirds of the world’s workers as ‘criminals’.  

I say really? The government controlled economy formal economy includes the world’s largest arms dealers like the U.S, Russia, China and France just to mention a few. On the top of it, the big arms dealers are very active running proxy wars around the world.

Politicians are also responsible for creating economic systems that close the 3rd world out of the formal economy and thus contributing to poverty.

GCV: What are the top pros and cons of cryptocurrencies and blockchain technology in a Fourth Industrial Revolution?

GS:
Pros

  • You become your own bank, with no restrictions and parenting
  • The government cannot take your money through confiscation, devaluation, and regulation, etc.
  • Save money and time as cost goes towards zero for service and products and they become available digitally over the Internet
  • Protection from payment fraud and identity theft
  • Direct settlement (no intermediates) and direct access to markets

Cons

  • You depend on technology that works. Wars, natural catastrophes, terrorism, etc. will continue and computer systems could be down for short or long periods of time.
  • You need basic skills about technology as well as access to the Internet and devices.
  • Cryptocurrencies still have a way go before they can replace credit cards and traditional currencies as a tool for the global economy. The timeline for widespread use will likely be over the coming decade.
  • Lack of awareness and understanding as many people do not know how cryptocurrencies work and/or are not used to using cryptocurrencies.

GCV: What will be the future of work and wealth in the Fourth Industrial Revolution and how will cryptocurrencies and blockchain technologies facilitate the process making it easier to attain both?

GS: This will lead to more independent workers and entrepreneurs as the doorkeepers like banks and other institutions are bypassed with favor given to peer-to-peer markets based on digital currencies and a digital economy.

As “crowd-based capitalism” or the “sharing economy” expands, we’re taking economic activity out of institutions. In the established old model, most economic activities were controlled by large companies and institutions.

Now we have a digitally controlled model, a platform that sits between people directly. New technologies based on the blockchain and distributed network make people trust each other enough for these interactions. The sharing economy is all about people and trust. People are once again being drawn closer together on a global scale. This is the melding between commerce and community. You could say it is a democratization of opportunities.

Cryptocurrencies and the blockchain make it all possible. The blockchain is a shared, trusted ledger that everyone can inspect, but which no single user controls. Bitcoin’s blockchain ledger prevents double spending and keeps track of transactions. It is what makes possible a currency without a central bank. The trust and value are built into the system.

Bitcoin transaction
The original uploader was Ladislav Mecir at English Wikipedia (Transferred from en.wikipedia to Commons.) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

Go to Part 2
Outlook for Bitcoin Investment, Implications, and Trends Forecasting

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November 29, 2016 By Grace Visconti Leave a Comment

Enlightened Hands

Jeannine Millan
RMT, CA, Usui Reiki Master,
Teacher & Facilitator

Jeannine Millan, RMTJeannine Millan is a Registered Massage Therapist, Certified Aromatologist, and Usui Reiki Master.  As a Massage Therapist, Jeannine enjoys combining her areas of expertise for personalized, holistic treatments. Her massage style is therapeutic where she will use heat packs and essential oils to reduce muscle tension and spasms.  In Calgary, she focused her practice on pre and post-natal care including induction massage. Jeannine is a strong believer in the benefits of complementary health systems and in the need for individuals to share responsibility for their own well-being.  She dedicates herself to this ideal by imparting skills and knowledge that will allow people to help themselves achieve healthy and fulfilling lives.

She is also a dedicated teacher, having developed and presented numerous workshops for professional therapists and enthusiasts. Jeannine has introduced over 350 students to the healing benefits of Reiki, including several that have been initiated as masters. 

In the aromatherapy field, Jeannine has taught over 400 students the benefits of the Aroma Detox Massage Technique, a safe and practical therapy for spinal alignment and general detoxification for the body.  Since 2011, Jeannine has focused on teaching Massage Therapists to incorporate the benefits of essential oils in their practice.  In 2015, she completed her first eBook training manual for RMTs, Aromatherapy for Therapists, to learn the basics of Aromatherapy. Jeannine has studied with Robbie Zeck, an ND from Australia, where she learned about the therapy Aromatic Kinesiology.  This therapy includes muscle testing for the essential oil or oils the client needs that day. A massage blend is created personally for them where they get to take the blend home to continue using it as directed.

Currently, Jeannine is working and living in High River, Alberta. View her website enlightenedhands.com for more information.


Enlightened Hands Essential OilsEnlightened Hands Products – Essential Oils

Enlightened Hands offers Organic and Wildcrafted oils meaning grown wild and handcrafted blends for conditions and spiritual benefits alike. These oils are chosen from distillers that have revered established reputations for purity. There are also kits available to complement the eBooks and other classes that Enlightened Hands teaches like Spiritual Aromatherapy and Aroma Detox Massage (Raindrop).  

Download the 2016 Enlightened Hands Price List here.


Enlightened Hands Chakra SpraysEnlightened Hands Products – Chakra Sprays

Along with the oils, Enlightened Hands offers Chakra Sprays for working with and balancing the chakra system. These are easy to use and also have dual purposes. Many are used as a body spray or personal scent and some for medicinal purposes. The sprays are in 60 ml glass amber bottles and are either made from appropriate hydrosols or combination of essential oils and distilled water. A flower essence has also been intuitively added to enhance the overall effectiveness of the spray. These are quite effective in clearing and balancing issues within the chakra system. In the Chakra Sprays kit is a clearing and protection spray that has become the most requested Enlightened Hands product by far.


Aromatherapy for TherapistsAromatherapy for Therapists eBook

This distance learning class covers the basic history of essential oils and their benefits as well as cautions. We cover 12 essential oils, including which oils are safe for pregnancy. The course covers common conditions we see every day as therapists and you will learn how to use essential oils effectively for these conditions: Headaches, Sore Muscles and Lactic Acid Removal, Bone and Joint issues and Relaxation for Stress Reduction.  

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November 29, 2016 By Grace Visconti Leave a Comment

Cryptocurrencies/Blockchain

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November 29, 2016 By Grace Visconti Leave a Comment

New Atomizing and Nebulizing Diffusers Offered by Diffuser World

Diffuser World ProductsDiffuser World is one of the top companies in the Aromatherapy industry that sells proprietary diffusers. It’s a fascinating story about inventor Earl Sevy and DeAnn Sevy (CEO) and how they positively influenced an entire industry for health care practitioners. Diffuser World is a successful manufacturing company and one of the best in the world where top quality designed and manufactured diffusers are sold worldwide. Read the story about Diffuser World and their humble beginnings here. The Diffuser World Youtube channel can be accessed here.

The three top sellers for Diffuser World are the Aroma-Ace with the new silencer, the Aroma-Infinity, and the Aroma-Breeze which is the least expensive.

Aroma-Ace
The Aroma-Ace Essential Oil Atomizing Diffuser is one of the most successful brands that Diffuser World has designed and manufactured. Available in numerous colors, this effective Atomizing/Nebulizing diffuser is engineered by a cold air pump that forces oil molecules through an atomizer thereby creating a micro-fine mist while preserving the healing qualities of the oil.

Aroma Ace 5 color options
The essential oil micro-particles stay in the air for long periods of time. The air is purified with essential oils while creating health benefits through maximum therapeutic aromatherapy diffusion. Built-in timers and pressure output options allow you to experience one of the best aromatherapy diffusion engineered products in the market.

Customers have essentially guided and influenced the decision making in the design process which led to the popular Aroma-Ace Essential Oil Atomizing Diffuser. DeAnn Sevy explains how the whole process began to transform the industry. “The essential oil diffuser industry was in need of a new design that would revolutionize the essential oil nebulizers/atomizers. Listening to customers was key in knowing what problems needed to be fix. Taking this valuable feedback and incorporating it into the Aroma-Ace has been priceless.”

Earl Sevy uses a 3D printer which has made the design and engineering process better and more efficient. “With technology moving so rapidly, it’s extremely important to prototype quickly to cut down on the design time. By utilizing the technology of a 3D printer, it has allowed us to implement shorter design cycles prior to production. Not only can we design a complete diffuser faster, we can eliminate costly mistakes,” explains Sevy.

The Aroma-Ace is the number one best seller at Diffuser World for good reason. “Our research shows the Aroma-Ace offers more output than any other diffuser on the market. The Aroma-Ace has set the bar with an output of 3 ml per hour. Along with it’s amazing output, the Aroma-Ace offers a five-year warranty and it’s Made in the USA. You’re extremely lucky if you get a one-year warranty on a diffuser, so to have a five-year warranty is unheard of. Along with the exceptional warranty, no other company in the USA makes essential oil diffusers. Therefore, the Aroma-Ace has been the choice for quality and performance,” shares Sevy.

An addition to the Aroma-Ace is the new silencer which replaces the curved lid designed top for the bottle. One of the issues with the Aroma-Ace was the noise factor so this small addition has changed the diffusing sound tremendously and has made a difference for therapists.

“Those who have been around a while in the essential oil diffuser business can attest that the Aroma-Ace would be considered quiet when compared to the old style well and jet diffusers. But with new people becoming educated and introduced to the atomizing/nebulizing diffusers, they haven’t had that past to compare. Therefore, we have focused our efforts on making the Aroma-Ace quieter. Thus, the Aroma-Silencer was developed to meet those needs,” continues Sevy.

Diffuser World launched the Anniversary Edition Bronze option around the end of May 2016 to celebrate the Aroma-Ace being the proprietary invention that changed the essential oil diffuser industry for the better. This is the only change besides the silencer that has been made to one of the most popular diffusers in the aromatherapy market today.

“Our new focus is to provide a large variety of nebulizing options and customize to our customers’ needs. We have new and exciting designs coming to the market in 2017. We also offer exclusive designs that will provide the uniqueness companies are looking for. With families using more than one nebulizer in their homes, it’s very important to provide options,” shares Sevy.

Click here for the story and testimonials about the Aroma Ace.

Aroma-Infinity
Diffuser World’s Aroma-InfinityThe Aroma-Infinity, a diffuser with a unique modern design, was available for purchase in October 2015. It was the first diffuser of its kind on the market in 2016. As one of the top choices for consumers, the Aroma-Infinity utilizes patented Advanced Cold Diffusion Technology and consumers had rave reviews within the first year. This easy to use Essential Oil Atomizing Diffuser model has the most advanced diffusion technology and its features are impressive. The cold diffusion method allows the essential oils to purify the air at a molecular level, making the molecules bio-available. Plus, it’s one of the most innovative and modern design diffusers compared to other diffusers.

The difference with cold diffusion technology compared to heat or water methods of diffusing essential oils into the air is that the oils are not damaged so the therapeutic benefit of the essential oils is maintained. The Aroma-Infinity is quiet, portable, and the essential oil coverage is over 800 square feet. Since it’s self-contained, there are no leaks so there’s no mess to clean up. The digital timer has four intermittent setting options.

Other accessories that come with this model are a wall plug, USB cord for use internationally, and a rechargeable Lithium battery. The international plug voltage is 100V-240V. The Lithium battery will run for 15 hours on maximum and 40+ hours on the intermittent setting. Also, it takes a 15 ml bottle. Extra bottles can be purchased to store and use additional oils. This model has a one-year warranty.

Once again, the customer base influenced the design and development of the Aroma-Infinity diffuser. “With the Aroma-Ace setting the standard in the essential oil industry, it’s hard to top it. Using licensed technology, the Aroma-Infinity offers a sleek modern design with the same standard of quality and performance our diffusers have been known for,” admits Sevy.

The customers’ reactions to the design and control section of the Aroma-Infinity diffuser was overwhelmingly positive shares Sevy. “We’ve had extremely positive feedback on the Aroma-Infinity diffuser. They love the sleek modern design. Customers like being able to choose when the unit turns off after 30, 60, 120 minutes.”

Some aromatherapy diffusers are difficult to clean but not the Aroma-Infinity. “The Aroma-Infinity is extremely easy to clean. Diffuse straight rubbing alcohol for approximately 1 minute. This should clean out any essential oil residue inside the siphon tube that may cause clogging or low performance,” explains Sevy.

Aroma-Express
Diffuser World’s Aroma-ExpressThe Aroma-Express utilizes Nebulizer Technology which is essentially the best-proven method of diffusing essential oils for therapeutic benefits. Being the only US manufacturer that holds the patents to this technology, the owners of Diffuser World have strengthened their position in the aromatherapy diffuser market. The Aroma-Express will be available for purchase at the beginning of October 2016, just in time for Christmas.

The Aroma-Express offers a different design than the other top selling diffusers. It has rechargeable NiMh batteries and is a travel size which can fit in the cup holder of your car. This three touch control (Power, Timer, Output/Volume) diffuser has plastic housing and a 5 Volt/1 AMP (USB). Run times come in 30, 60, 90, 120, 180 minutes, or continuous.

This aromatherapy diffuser was designed specifically for vehicle travel. “There has been a need for a low cost nebulizer that can be used in the car. With short interval time settings and a compact design, it can easily sit in the cup holder of any vehicle. It comes with four AA NiMH rechargeable batteries. The Aroma-Express can run off batteries, a USB cord or a wall plug. Although the Aroma-Express is a great nebulizer for the car, it also is a fabulous addition to any home or office. It has an output of 1.5 ml per hour which provides up to 800 square feet coverage,” clarifies Sevy.

Considering the potency of essential oils and cleaning the oils from plastic, Sevy explains how this aromatherapy diffuser should be maintained: “Plastic can easily be destroyed with essential oils. It’s very important to use polypropylene which is the same plastic that the essential oil bottle lids are made out of. We require all of our nebulizing diffusers to be made out of polypropylene.”

All of the products at ESIP, LLC, the parent company of Diffuser World, will have a CV mark which will be placed on their packaging and products to identify that these are licensed products through their company ESIP, LLC. This CV symbol indicates that Diffuser World has been licensed to sell these products in the US. The purpose of applying this trademark to all products is to distinguish if the unit is a knock off or is licensed in the US. On every box it will have this CV mark which will state on the product: The Certified and Verified Mark (CV™) guaranties this diffuser includes advanced atomizing technology developed and licensed by ESIP, LLC in the USA. All rights reserved.

Diffuser World offers the best quality designed and manufactured products in the aromatherapy industry today for health care practitioners and the general public. For new customers, whichever aromatherapy diffuser products that are chosen from Diffuser World whether it’s for work, home, or a vehicle, the satisfaction will be high. Testimonials from existing customers are positive for this quality selection of aromatherapy diffuser products Made in the USA.

For more information click here to visit Diffuser World Inc.

Disclosure:
Grace C. Visconti’s Blog is partially a professional review site that receives compensation from certain companies as she reviews their products and services. But not all of her articles have Affiliate links only where a disclaimer is indicated such as at the bottom of this page. She only recommends products that she uses which are top quality or services that she investigates thoroughly. This blog is independently owned and the opinions expressed here are her own.

 

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