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

"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

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

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