Dacxi Blog

What I’ve done during my lifetime is, of itself, possibly of little interest, it’s what others have contributed and the lessons learned that underscores a life’s true value.  I like to think I’ve lived a very rich life in lots of ways! I was born in London and spent most of my childhood in Heston.  My father ran his own business, as an electrical engineer, and was very careful with his finances, only occasionally dabbling in blue-chip British companies such as British Airways!  My mother stayed at home, as was often the case at that time. My father taught me financial acumen, along with maths and practical skills, whilst my mother gave me a great foundation in life.  Between them, they gifted me an invaluable moral compass, of fairness honesty and justice, that I’ve tried to always use for all decisions. I was lucky enough to find my major love in life early – music!  My mother loved classical music such as Rachmaninov, Bax and Delius, and I was lucky enough to have an amazing music te

I was not surprised to see Bitcoin prices, and therefore all crypto, down 10% on May 10. It was the third Bull Trap played on the crypto markets in 18 months! A Bull Trap is when everyone says prices are about to rocket up, ie all the basic Bulls are positioned and ready to go. Then the market is ambushed by some big traders who smack the price down producing a major collapse in prices within a few hours. It happened on 15 November 2018. 25 September 2019 (ahead of the Bakkt launch). 10 May 2020 (ahead of Bitcoin halving). It happens between 00–04.00 UTC+1200. Early morning Asian time. The perfect time. European traders are asleep, America has stopped trading for the night and Asia is just waking up. It is the longest period of ‘quiet time’ with the minimum number of active traders. Crypto is dominated by Chinese trading whales. So imagine those big traders. On 100 times margin. Their $50 million investment can be leveraged into 100 times meaning they can smack the market with $5 billi

"Despite being relatively new to crypto, having purchased earlier this year, it is the logical progression of both my career and my attitude to wealth!" I had a fairly nomadic childhood, moving frequently due to my Dad’s work, which meant I attended 8 schools in total! Unsurprisingly it wasn’t overly conducive to a love for school, and whilst I was bright, my A-level tutor, half way through the course, tactfully suggested I may wish to consider getting a career rather than continuing in formal education. Luckily, this suited my desire to achieve in business over more studying for academic qualifications that I may never end up using. I already have a weekend job at Whipsnade Zoo, who kindly paid for me to attend collage as a chef, and I was quickly promoted to a catering manager. Whilst it was good fun, it was fairly limited in career progression, so I ended up leaving for a variety of jobs in high street retail/catering over the next decade, cumulating in me being an area ma

The DAC Coin is the community coin of the global Dacxi Economy. The DAC Pack is a Dacxi product where customers can buy DAC Coins and receive up to 70% more coins as a bonus. Customers buy the DAC Pack because of the significant growth potential of the DAC Coin over the blue chip coin Bundle product. Why Purchase the DAC Coin? The DAC Coin has massive potential for price growth because : Global Demand. The potential of the niche Dacxi global economy, taking its Crowd Finance ecosystem to every country of the world. Coin Utility. It will be used in four areas — crowd services, exchange benefits, global affiliate bonuses and accessing alternative opportunities. Crowd Promotion. A global Dacxi crowd using the coin will promote the brand and its attractiveness. This is a marketing concept that few utility coins possess. 1. The Dacxi/DAC Coin Global Economy The global Dacxi economy has the potential to be a billion dollar niche sector. In each country, Dacxi and its partners will seek to le

Sometimes, weeks can go by in the crypto world without as much as a ripple. This week wasn’t one of them. Today, in my first ever report, I’ll be taking a look back at the last couple of weeks in crypto. And let me just start by saying, “I told you so.” Since November 1st, the crypto market has broken that all-important US$14,000 level for Bitcoin. Bitcoin has truly boomed, peaking at $18,000. That’s 28% up in just two weeks. And Bitcoin’s not the only one feeling the heat. ETH is up 22%, and the total market capitalisation has jumped $100bn – or 25%. For Dacxi, the week’s biggest story was Litecoin. As part of our Blue Chip Bundle, I was a little concerned that it was under-performing, and slipping down the rankings. Turns out I needn’t have worried. This month, Litecoin’s up a massive 50%, and has re-staked its claim as the world’s 5th largest crypto. It just goes to show, Dacxi’s pioneering portfolio approach to crypto really is the smartest investment strategy. So that was the we

If you talk about the crypto-assets world, you normally have to talk about Bitcoin. It’s two thirds of the market buy value. To the world, Bitcoin is crypto. Many exchanges talk only of Bitcoin. Their marketing says, ‘Buy Bitcoin here’, ignoring the fact that they also list many other cryptos. So many people proudly tell me, ‘Yes I own Bitcoin!’ I ask, ‘Is that all the crypto you own?’ They normally look at me quizzically and reply ‘Yes.’ So, I say ‘Bad luck’. They frown. Buying just Bitcoin simply shows you are ignorant of crypto OR, most likely, have been badly advised. Invest to Build Wealth versus Gambling. Today there are 6,527 listed crypto-assets on exchanges around the world. Bitcoin is just one. People who buy just Bitcoin probably know nothing about the market and lack confidence. They buy the ‘big boy’ Bitcoin and hope for the best. They are NOT investing in crypto to build wealth. They are gambling, as surely as if they were buying a lottery ticket. Recent British governmen

 It is so easy to have your beliefs and thus actions determined by your outside news sources. Democrats in the USA blame the ‘stupidity’ of Republicans voters on the ‘biased’ reporting of Fox News and friends. The Republicans say the same thing about the Democrats and CNN and friends. The reality is that you are heavily influenced by the external sources you are exposed to whether they are news sources or comments of friends and family. Like others in my crypto world, I read daily, from English language sources, news sites, and commentators — Coindesk out of New York, Cointelegraph out of Europe, Finance Magnates out of Isreal, Coingape, BraveNew Coin, and others. On Youtube, I like Nuggets out of Australia and Datadash out of the USA. I also get a spray of information out of Twitter, Facebook and other sources. Very detailed and globally orientated. One naturally gives a credibility ranking depending on the source. Coindesk is the most professional. Other internet magazines are focuse

Belief. I love this word. My message today is encapsulated into this one word. It’s a word with power and it will get you in the mindset of taking action and achieving growth. It is well established that a message is easier to remember if it contains a concrete and specific word. Certain words trigger the brain to make connections with other ideas and concepts. Today, that concrete word is Belief. The legendary success author Napoleon Hill said in his book Think and Grow Rich, ‘what the mind can conceive and believe, it can achieve’. You don’t need to be a genius or a mathematician to make real money in crypto, but you do need to take confident and calculated action. And for this you need belief. That’s where the game becomes different. If you believed that Bitcoin was going to increase by 500% within 2 years or that Dacxi Coin was going to grow by 2,000%, then taking the right action to exploit this opportunity would be easy. Doing research and learning crypto would be easy. Allocatin

Dacxi is the pioneer in building a brand new niche called Crypto Wealth . You will hear me and the Dacxi Team talk about Crypto Wealth a lot and one of the most commonly asked questions I get is a request to define it exactly what it is. So here goes . Crypto Wealth is an exciting new niche in the Wealth industry, built on the principle of crypto as a highly investable asset class. By 2030, the global Crypto Wealth market is expected to be worth a staggering $10trillion. And at Dacxi, we believe everyday investors should have the opportunity to get their own slice of that multi-trillion-dollar pie. What is a Crypto Wealth investment? Traditional wealth investments include equities, bonds, cash, commodities, and property. Crypto Wealth investments are different. They’re part of the Alternative Finance sector and fall into two categories; Cryptocurrencies, and Crypto Asset tokens. Cryptocurrencies are ‘crowd-created currencies. They’re designed for different use cases – for example

Exchanges are not what they used to be — but what is the next step? Decentralized exchanges are hot, but are they the only solution? A mix of decentralized exchanges and community-fueled marketplaces may be the best answer. How do you figure out the game of crypto trading? Personal trial and error is one way — the way it was done until recently. Crypto trading has a learning curve, and just like any learnable skill on the Internet, it tends to generate discussion, and pull together communities. Those organic communities may be pointing at something important — that maybe, we are not meant to figure it out on our own. Some services, like eToro, have already included social trading. But classical exchanges are a different matter — most still rely on social media to build their communities. Binance, the leading exchange by volumes right now, comes to mind, as it is always quick to communicate. Other marketplaces, however, leave the community work as an afterthought. DACXI takes note of th

This week in price news: Prices consolidate at record highs. Crypto prices went sideways this week, as the reality of November’s 40% growth and Bitcoin’s near-record high sank into the market. Not only has there been a firm focus on Bitcoin and its ‘Blue Chip’ coins, but many of the other ‘Alt’ coins have seen prices rocket too, as traders seek to maximise the mega-return hype. But as we said in our webinars this week, play in the Alts with absolute caution. Alts are like a casino where only the Blue Chip coins have a confident future – and for every Alt coin that booms, another out there flops. There’s endless amount of talk about the future and reasons for growth. Frankly, I think it’s all hot air, as the reason for growth is simple: there are more buyers than sellers. The long-awaited buying power of large investment funds has arrived – which, combined with a new wave of retail buyers, means prices must inevitably go up. Expect the market to take a breath, maybe even track down anot

There are many types of people who are trying to enter the crypto world: gamblers, traders and investors. They’re all very different with different goals. It can be confusing to know the difference between these three, so you need to understand what they want out of the coins they buy and hold. The first step in taking your cryptocurrency journey to the next level is figuring out what type of crypto investor you are. Crypto-Trader : The crypto trader is a speculator, looking to make a short to medium-term profit. Their goal is not necessarily to hold onto their investment for any particular length of time, but instead simply to make as much money as possible. Sometimes this might mean going into and out of an investment within hours or days. They may often use technical analysis, relying on tools such as scanners and charts that tell them when a coin has “hit bottom” or is “oversold” so that they can quickly buy-in. Everybody and his dog talk about crypto trading and it’s no secret -