If you’re considering investing into cryptocurrency, you may be wondering whether it’s the right move. In short – yes, but only if you take the right approach. This revolutionary form of smart tech currency is creating a storm around the globe, making headlines across international press and financial news. This method of investing has people divided, so should you incorporate cryptocurrency into your own investment strategy? We have produced a crypto guide, which gives the background and future for this highly versatile “virtual coin”.
Why should I consider investing into cryptocurrency?
If you’re not already aware of how cryptocurrency works, this is a digital asset – or “token” that acts as a medium of exchange. It uses strong cryptography to secure the financial transaction, control the creation of additional units and to verify the transfer of such assets. Cryptocurrency is a confidential and flexible way to trade; you remain in sole control of your digital assets and you cut out the middle man, as you won’t need to pay out any agent or broker fees or commission. Moreover, unlike traditional cash/credit systems, your “account funds” are unlikely to be checked or scrutinised, speeding up transactional processes.
The most commonly known cryptocurrencies are Bitcoin and Ethereum. Last year, there were 35 initial coin offerings (new crypto launches), which means the world of cryptocurrency and is fast gathering pace. Some see cryptocurrencies eventually replacing traditional, hard currencies in the future, such as the Dollar, Euro and Pound.
Underpinning all cryptocurrencies is ‘blockchain’ – this is a “digital ledger” where transactions are logged and publicly recorded – and it’s an incredible form of technology. Blockchain allows free transfer of cryptocurrency through a decentralised environment that is secure and fully transparent. The data is held within an interlinked network of computers. For example, Ethereum is a blockchain that offers advanced “smart contract” technology:
“self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network.”
Global companies investing into blockchain
One of the big advantages of blockchain is the fact there’s no single point for hackers to target, which minimises the risk of an entire exchange going down. As well as the trading flexibility, blockchain is an attractive alternative for B2B companies, especially the supply chain, as the movement of goods can easily be tracked in a transparent manner. Moreover, any irregularities can be tracked all the way back to its point of origin guaranteeing a good level of quality assurance and enabling businesses to easily conduct investigations – for example, the food industry can easily track batch information for food safety purposes.
There has been a steep rise in the number of large global corporations trading with cryptocurrency and integrating blockchain into their own systems – for example, the Ethereum Alliance now boasts members such as JP Morgan, Microsoft, Santander, HSBC, Cisco, Deloitte, Intel, BP, Shell and Mastercard. Therefore, if you are looking to keep up with major players, cryptocurrency is definitely worth considering.
What’s the best strategy for crypto investments?
Although cryptocurrency has seen market volatility over the past few years, there are gains to be made, but only if you take the right approach. Some crypto investors have been incredibly successful – between 2011 and 2017, Bitcoin generated an increase of value of at least 25,000 per cent, whereas Ethereum’s value rose by 2,700 per cent, which could be considered the fastest growing cryptocurrency ever. Bitcoin’s share of the market has fallen, but still sits at the top with Ethereum following close behind. If you are looking to choose between these two cryptocurrencies, or if you’re considering another, then it is advisable to do some research before investing.
We strongly advise a long-term strategy where you can off-set any losses and always make sure you have a strong financial buffer in place. Never invest more than you can afford to lose. However, used as part of a diversified investment portfolio, cryptocurrency is likely to be a real gamechanger in the coming years. So, hold on to your hat, and you could enjoy lucrative returns in the future.
I’m Yomi Rodrig, a consultant in investment and a manager of hedge funds, and alongside working hard, travelling is one of my top passions in life. Unusual destinations and luxury accommodation are two things I look for when planning a trip away and although I like to explore all across the globe, I have my favourite destinations that see me return regularly throughout the year.
One of my favourite hotels, not just in Turkey but the world, is the Macakizi Hotel in the province of Mugla near Bodrum city centre. The hotel sits on the coast of the country, overlooking the Mediterranean Sea and due to the position of the hotel being at the centre of a hot Mediterranean climate, visitors to the hotel can expect high temperatures and wall to wall sunshine for the duration of their visit.
There’s many reasons that the Macakizi Hotel has taken the top spot in my list of favourite hotels around the world and I’m going to share with you just a few of things that make this accommodation the perfect choice for the discerning traveller with a taste for luxury.
The general feel of the hotel is clean and minimalistic. The décor and furnishings at the Macakizi Hotel are the perfect mixture of authentic to fit with local surroundings but modern and luxurious to appeal to the westernised traveller.
The hotel is home to 74 rooms, of which 21 are suites, ideal for family visitors or those looking to treat themselves to a more opulent living space. The stripped back aesthetics of the décor are not only stylish but practical too; features such as tiled floors throughout the rooms help to keep the room cool in the high Mediterranean temperatures.
The hotel owners explain how the decision to decorate the rooms in a pale, powder-white colour was to ensure the feel of the hotel was calm and relaxing.
The facilities are the aspect of any hotel that determine how likely you are to recommend or return and those available at the Macakizi Hotel are made to make your stay relaxing and luxurious. A small pool is set aside in a tranquil corner of the hotel, surrounded by sun loungers – the perfect setting for a calm pool day.
If you’re looking to say goodbye to stress and unwind with a pamper, then the hotel spa, which has multiple treatment rooms, is the place to visit for a massage, facial or other treatment of your choice.
Other features of the hotel that help it stand out amongst competitors and a longstanding favourite of mine, include access to free Wifi throughout the hotel, flat screen BOSE TVs in the rooms and a boutique shop onsite, filled with local souvenirs and accessories.
Food and Drink
Wining and dining well is an essential part of any holiday and the restaurant and bar at the Macakizi do not disappoint. The hotel restaurant is run by a restaurateur and chef who have worked in partnership for over 25-years, creating authentic and fresh dishes inspired by the area. The relaxing yet clean and practical décor of the restaurant fits with the theme of the hotel perfectly and although the layout changes in winter months to accommodate for cooler weather and less trade, the restaurant is open all year round.
Using fresh local produce and taking inspiration from Turkish and Mediterranean cuisine, the main menu celebrates local seafood but caters for everyone with the options of salads, sandwiches and other snacks.
The hotel bar is designed to be the social hub of the hotel and the atmosphere of this bar is what sees me spending hours upon hours relaxing while overlooking the ocean and sipping local delicacy beverages.
Continuing with the idea of the hotel’s atmosphere, it isn’t just the mood in the bar I love to embrace but the whole hotel and the surrounding areas. The carefully selected location for this hotel sees you sat close enough to Bodrum city centre to have access for days out, but far enough away to escape the hustle and bustle and embrace the tranquillity of the coast.
The hotel sells itself to the traveller who’s looking for luxury by creating the perfect environment to appeal to this kind of holidaymaker, with things like a dress code that states ‘boat-club billionaire, or your best imitation’- if you can’t break out your best attire on the sunny coast of Turkey, then when can you?
The whole experience of travelling to and visiting the Macakizi hotel is easy and relaxing from start to finish; with a simple flight to Bodrum Airport followed by a 45-minute car journey, before being welcomed with wide smiles and open arms by the passionate staff which marks the start of your opulent visit to the Macakizi Hotel.
I highly recommend a visit to this hotel if you’re planning a stay in the Mugla Province of Turkey.
As a professional from the world of investment, I can’t help but be drawn in my potential opportunities for investment and although many of them are only of any interest from a business perspective, there is the odd occasion when the chance to invest in a passion could also be a great idea from a business point of view.
I’m Yomi Rodrig and for many years I have had a keen interest in contemporary art, whether that has been researching artists and their work or visiting exhibition and galleries around the world, but over the last 10 years I have also looked at where it is possible for me to turn my attention towards investing in art instead of just enjoying it.
I have a few key artists I like to keep my eye on, but as a whole, I tend to invest in what I like, whether it be from an infamous artist or not, and over the last 2 years in particular I have extended my art collection, partly to furnish and brighten my home but also to have something to show for my investments.
As with many art lovers, many of my favourite artists are the very well-renowned ones, I have a real interest in Asian contemporary artists as I believe they have a style that is very well-received by people of all ages, making their pieces both great for displaying in my home but also reliable investments as you can pretty much guarantee they’ll have a good resale value when the time comes. Yayoi Kusama and Takashi Murakami are both Japanese contemporary artists, Kusama was born in the late 1920s and Murakami in the early 1960s; both artists have spread their work across multiple different genres, including paints, sculptures and fashion designs, but the theme of their works are quite similar, always incorporating a sense of excitement and vibrancy.
The other artist I would consider to be in my top three is of a very different style, Rudolf Stingel was born in Merano in Ital but relocated to New York to continue his work. His theme is completely different to what I mentioned above. In complete contrast, his work is usually monochrome and understated, leaving the viewer actually wondering what it is the piece is trying to represent. Although his work may be a little more subdued than that from the Asian art world, Stingel’s unique concept of using unusual materials such as cork and carpet in his work makes them highly worthwhile investing in as he is one of the best artists in the industry for this technique and it helps his work stand out.
Investing in art for any enthusiast is the ideal situation and the perfect mixture of business and leisure; not only do you get to put your money into something you really love, unlike many investments you’ll actually get something to show for it while you have the pleasure of displaying it. From a business perspective and thinking of using your money wisely, art is a great safety net for your money as it is massively profitable, it is rare that artwork won’t appreciate in value when kept in good condition.
No matter how much you like a piece, buying a copy is never a good investment but merely a purchase as you’ll never make money back on a copy as the value is far lower. If you’re going to invest in art, you need to be buying original or one-of-a-kinds because that is where you know your money will be safe and slowly growing over time.
Make sure you also know about the artists you’re buying from. When it comes to reselling, having a good knowledge of the piece and the article can increase the appeal of the piece to a potential buyer and seal and deal.
Whether you invest to keep or invest to sell, putting your money into artwork is an ideal situation for any art lover and one that could be a clever move.
I personally feel Asian contemporary artists have a very unique style, colour is often at the core of their work which gives their designs a sense of vibrancy which I love. Takashi Murakami is an iconic Asian contemporary artist, born in Japan in 1962, Murakami graduated from the Tokyo School of Art before heading out of Japan and into the western world to further his art career.
After spreading his artistic influence across America and Europe, Murakami headed back to Japan to be at the forefront of the modern art world in Asia; he wanted to assist with the growth of contemporary art in Japan as he felt there wasn’t enough outlets and encouragement for artists in the country.
Murakami’s vibrant work led him to become the inspiration behind the designs of women’s clothing and accessories by designers such as Louis Vuitton and Issey Miyake.
A more subdued artist, Rudolf Stingel is an Italian born contemporary artist who has been based in New York city for many years. This combination of cultures is apparent in his work which is infamous for being abstract and monochrome.
Unlike many other contemporary artists, Stingel shies away from the traditional methods of art such as painting and drawing and embraces unusual materials such as metal, carpet and cork to create his pieces.
Stingel’s work is renowned for being thought provoking due to the abstract nature of it, the theme of the pieces is never obvious and designed to get the viewer to create their own interpretation, a skill that is easier said than done.
Known around the globe for being a vibrant and slightly eccentric contemporary artist, Yayoi Kusama was born in Japan in 1929 and shares the same colourful and creative flare as fellow Japanese artist Murakami. Although a multi-talented artist with various kinds of work such as painting, sculptures and fashion designs, Kusama’s most famous creation is the ‘Infinity Mirrors’ concept.
Taking various of her individual paintings, she took over exhibition spaces across the world by using mirrors to reflect one piece of artwork around the whole space to create a testing and immersive experience for visitors.
The Infinity Mirrors concept has been used with multiple of her paintings and has been created as both permanent and temporary displays around the world, becoming a concept that many other artists have become inspired by.
As much as I feel we should embrace the up and coming artists in the contemporary art world, I also think it’s essential to be knowledgeable about where this artform started by embracing the longstanding influences in contemporary art.
Often referred to as one of Greece’s best kept secrets, Marathos is a small island off the coast of the Greek mainland, just 355 square KM in size with a total of four meters of coastline. This once abandoned rocky island was home to nothing, but after the Emilianos family discovered the location in 1977, they brought life and tourism to the island by creating the Pantelis Marathi resort.