Dacxi Blog

"Financial freedom has been a long and winding road for me, and crypto has been an important part of that journey." Financial freedom has been a long and winding road for me, and crypto has been an important part of that journey. Looking back there’s definitely some reoccurring themes whilst I discovered my passion and purpose. I grew up in the East End of London in the seventies, where there weren’t really any entrepreneurial or business minded people as mentors.   I think we all grow up with a certain amount of baggage from the stories your parents tell you around money, and whilst we were OK financially I definitely picked up the scarcity mindset, and can remember hearing comments like “money doesn’t grow on trees” or “it’s the root of all evil”.    Growing up I really wanted to be a teacher, and often delivered lessons to a row of my teddies and dolls!   Unfortunately, my school wasn’t the most supportive, particularly as I really hated reading in public, and t...

Across the world, governments are faced with the reality that most households aren’t saving enough for retirement.  Sadly, the era of company-sponsored pension plans is long gone and both Millennials and Boomers are bombarded with the high costs of basic priorities such as housing, education and healthcare that compete directly with investment plans and retirement savings. According to a recent study carried out by Ramsey Solutions, about half of Americans are not saving for retirement, and the few who do save aren’t saving enough. Folks, that’s a crisis.  In another survey, only 3 in 5 households headed by someone between the ages of 45 and 54 had a retirement account with an average value of $83,000, and 13% of people in their 40s had absolutely no retirement savings.  Apparently, 56% of Gen X folks have no clue how much they will need for retirement. This is according to a new study conducted by Bankrate. In addition, nearly half of working households will experience l...

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 -...