Connect with us

Opinion

Opinion: Why the Vaping Market is a Good Investment Prospect

Published

on

Making successful investments involves focusing on the future, and the future of the vaping market has gone from potentially bleak to expectantly brilliant. The vaping market consists of vaping liquids, also known as e-juice or e-liquids, and vaping devices that are more advanced than the standard e-cigarettes found at gas stations and convenience stores. The future of vaping is showing exceptional promise for several reasons.

Changes in FDA Regulations

The potentially bleak future of vaping stemmed from stringent regulations from the Food and Drug Administration that were set to go into effect in mid-2017. Those regulations would have required lengthy and extremely costly applications that independent vaping product manufacturers would have been hard-pressed to meet.

A mere two weeks prior to going into effect, however, the FDA announced a new comprehensive plan for tobacco and nicotine regulation that focused more on the harms of traditional cigarettes than decimating the vaping industry. Not only did the FDA extend the application deadline, but the agency noted it would make the process more transparent, predictable and efficient.

It likewise noted nicotine was most harmful when delivered by combustible cigarettes. The agency’s new aim is to ensure regulations allow for the development of products that may be less harmful than traditional cigarettes, which points right to products in the vaping industry.

Support from Other Public Health Organizations

While it may have taken some time for the FDA to come around, public health officials in the U.K. have been supporting vaping over smoking for several years. In 2014, Public Health England made the determination that vaping was about 95 percent safer than smoking cigarettes. A dozen public health organizations across the U.K. joined forces with Public Health England in 2016 to issue a joint statement affirming that vaping is considerably less harmful than smoking.

Studies Standing Firm

Both new and existing studies stand firm in support of vaping. A recent study published in the Annals of Internal Medicine found vaping and nicotine replacement therapies, such as patches or gum, resulted in the same reduction in smoking-related carcinogens and toxins.

Previous studies have been withstanding the test of both time and opponents. A 2014 Public Health England independent review shed light on the fact that vaping products don’t contain the multitude of carcinogens and toxins found in cigarettes.

The Independent Scientific Committee on Drugs assembled an international expert panel that ranked a number of nicotine products from 1 to 100, with 100 being the most hazardous. They gave traditional cigarettes a score of 100; vaping products received less than 16.

Another review presented to public health and pharmacy officials in the U.K. pegged the long-term harm of vaping at about one-twentieth that of traditional cigarettes. As more studies supporting vaping continue to emerge and the general public becomes more aware of what vaping is all about, previous myths are being systematically dispelled.

Building on Solid Foundation

Great Britain has already seen more than 1 million give up smoking in favor of vaping.

An estimated 10 percent of adults currently vape in the U.S., with the smoking rate expected to drop up to 3 percent per year.

A Wells Fargo Securities equity research report predicts vaping industry revenue to hit $27 billion by 2023, compared to the $14 billion predicted for traditional cigarettes for that same year. The current state of vaping enjoys a solid foundation, with the expectation of gathering more strength and support moving forward.

SOURCES:

https://www.theguardian.com/society/2017/mar/07/smoking-numbers-hit-new-low-as-britons-turn-to-vaping-to-help-quit-cigarettes

http://time.com/3915957/e-cigarettes-vaping-health-tobacco-addiction/

http://www.smallcapfinancialwire.com/wp-content/uploads/2013/11/E-Cigs-Revolutionizing-the-Tobacco-Industry-Interactive-Model.pdf

http://www.smokinginengland.info/reports/

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/311887/Ecigarettes_report.pdf

https://www.karger.com/article/FullText/360220

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/456704/McNeill-Hajek_report_authors_note_on_evidence_for_95_estimate.pdf

http://annals.org/aim/article-abstract/2599869/nicotine-carcinogen-toxin-exposure-long-term-e-cigarette-nicotine-replacement

https://www.upi.com/Health_News/2017/02/06/E-cigarettes-may-be-less-toxic-than-tobacco-study-suggests/2661486436910/

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/534708/E-cigarettes_joint_consensus_statement_2016.pdf

https://cei.org/blog/how-fda-commissioner-gottlieb-can-save-e-cigarettes-and-lives

https://www.fda.gov/NewsEvents/Newsroom/PressAnnouncements/ucm568923.htm

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

Sarah Johnson is a contributing writer to Hacked.com. To learn more, visit https://www.blacknote.com/




Feedback or Requests?

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Altcoins

Why Would Anyone Have Faith In Tether?

Published

on

I don’t want to get sued for slander so let me explain the reasoning beyond today’s title. After all of the turmoil surrounding Tether on Monday, how can the price be anywhere near the $1 parity level with the US dollar?  After more than a year, how can anyone have confidence in Tether and their common law partners Bitfinex when, for example, Circle, backed be the highly respected Wall Street giant Goldman Sachs offers an alternative?  We should also mention that Circle is just one of many so called stable coins.

It isn’t hard to find a list. Exchanges are feverishly adding stable coins. Singapore based Houbi is adding Paxos Standard Token (PAX), True USD (TUSD), Circle (USDC) and Gemini (GUSD).  

When Stable Coins Cause Instability

Well, the evidence is mounting as the months move along that so called stable coins can have the power of creating anything but stability.  This week’s experience with Tether, Bitfinex and the price explosion of Bitcoin demonstrates that there are still dangers lurking. This is why trust is important.

Monday’s gyrations were not the first questionable moment for Tether.  The coin, which gains its intended stability by being tied on a one for one basis with the US dollar, has been the subject of questionable behavior all year.  

As far back as January trade sources were expressing concern the Tether was responsible for last December’s major price bubble in Bitcoin.  The frenzy over Bitcoin set off speculation across the entire crypto spectrum. But that was just the beginning.

In June Bloomberg reported on a paper by John Griffin, a finance professor at the University of Texas, that among other things claimed 60% of last year’s price move in Bitcoin was the result of manipulation surrounding Bitfinex. That directly implicates Tether.

Using algorithms to analyze the blockchain data, Griffin’s team found that purchases with Tether were timed following market downturns and result in sizable increases in Bitcoin prices. Less than 1% of hours with such heavy Tether transactions are associated with 50% of the meteoric rise in Bitcoin and 64% of other top cryptocurrencies.

These findings prompted the US Commodity Futures Trading Commission to step in with a series of subpoenas.

Tether’s coins had become a popular substitute for dollars on cryptocurrency exchanges worldwide, and for good reason. They are anonymous, closely tied to the value of the US dollar and can be used in exchange for Bitcoin, Ether or about 10 other cryptocurrencies.  Tether is closely associated with Bitfinex, with whom they share common shareholders and management.

Bitfinex has offices in Hong Kong but it is legally headquartered in the British Virgin Islands. In May they announced plans to move to Zug, Switzerland. Bitfinex has a sorted history of poor security, having lost nearly $100 million worth of Bitcoin from customer accounts. Moreover, while claiming to have total one for one US dollar backing for each Tether, real proof is absent.  

Further Evidence of Manipulation

Over the course of this year, as we have gathered digitally to witness the loss of nearly $600 billion in crypto value, everyone has been looking for the culprit. When I first read of some of the academic studies that blamed the advent of futures trading on the CBOE, I laughed. Honestly, I believed the real cause of the rise and fall of crypto were a well connected group of billionaires that together had the power to move markets.  

Well the folks at Chainalysis have just produced some surprising research results. Their Blockchain Intelligence Platform powers investigation software for some of  the world’s top institutions. These guys don’t do surveys, the have their hands on big data that is able to detect some interesting stuff.

Chainalysis released a new report last week showing that the so called Bitcoin whales are not responsible for price volatility. The study examined the 32 largest BTC wallets, which reportedly represent 1 million BTC, or around $6.3 billion. That is a pretty solid sample size.

The data revealed that the BTC whales are do not act in concert with one another. In fact not only are they a diverse group but about two thirds behave like longer term investors. Instead of being FOMO (Fear Of Missing Out) types, on net they have traded against the heard buying on price weakness.

Putting The Pieces Together

The crypto world is bombarded with globally generated news on an hourly basis. But what does all of it mean anyway? Hopefully this article adds some perspective on what and who has been responsible for the direction of crypto prices over the past year.  As more of these weak players are identified and depleted of their business, real investors will have the confidence to return to the market.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
1 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 5 (1 votes, average: 5.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.4 stars on average, based on 114 rated postsJames Waggoner is a veteran Wall Street analyst and hedge fund manager who has spent the past few years researching the fintech possibilities of cryptocurrencies. He has a special passion for writing about the future of crypto.




Feedback or Requests?

Continue Reading

Altcoins

Why Investors Should Be Paying Attention to Digitex Futures Token

Published

on

Right now, to say cryptocurrencies are in a bit of a valley is an understatement. Since January 2018, there has been a consistent downtrend or plateau for much of the year. We’ve heard many crypto-naysayers declare that this is the death of crypto, or that these assets are only now trading at their fair market value, but there is a more likely situation.

Cryptocurrencies are in a natural part of the market cycle where they have dropped a lot, are consolidating, and will eventually go through another bubble and run-up. Yes, this bubble will crash again, but at a higher valuation. This is how many market cycles have gone for nearly every asset from equities to gold.

Making Bets on Crypto’s Return

So the next question to ask is: what should you do if you want to bet on cryptocurrency having a swift comeback. Now, we are going to use a metaphor here. If you invest in a car company, you need that company to do well, whereas if you invest in gas companies, no matter what car company does well, the demand for your product is going to go up.

By that logic, it would be considered wise to find ways to bet on trading exchanges in the cryptocurrency space. Not all of them have ownership up for grabs, but there are some companies (i.e. Kyber Network) that operate in the trading space and have a token available.

More Ways to Enter This Market

Another company that is doing great work in this area is Digitex Futures. They have found a way to eliminate many of the transaction fees that would normally occur on a trading exchange.

As a futures exchange, the platform operates based on “bets” that are made regarding the future prices of cryptocurrencies. By not taking custody of the actual tokens, it becomes simpler to operate a decentralized ledger for the platform.

This is done by having their token be the “currency” by which traders are making their bets based on the price of BTC in terms of USD. DGTX (Digitex Futures Tokens) are paid out accordingly, and traders will naturally need them in order to make futures bets.

Digitex Futures is able to operate with zero transaction fees because they fund the platform by selling off a small amount of DGTX every year. This creates stable growth within the platform by limiting the supply in a measurable way.

A New Opportunity

Recent performance of Digitex Futures Token (DGTX) has been aggressive, to say the least. In the last week the tokens are up 55.2%, and are now trading at $0.12 per token. The market cap is still extremely small, at $85.24 million, but it is continuing to climb.

If you believe that cryptocurrencies are going to have a strong resurgence, then it might be wise to get ahead of the trend and look at the leading variables. As trading volumes increase, price levels will increase as well. Digitex Futures has a uniquely structured business model that creates inherent demand for their token and right now is a prime buying opportunity.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
1 vote, average: 4.00 out of 51 vote, average: 4.00 out of 51 vote, average: 4.00 out of 51 vote, average: 4.00 out of 51 vote, average: 4.00 out of 5 (1 votes, average: 4.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.1 stars on average, based on 41 rated posts




Feedback or Requests?

Continue Reading

Altcoins

Litecoin Price Analysis: LTC/USD Bullish Daily Close Leaves the Door Open to Another Potential Squeeze Higher

Published

on

  • LTC/USD looks attractive for further potential bullish momentum, given 15th October daily candle.
  • Litecoin live on Gemini platform from 0930EDT, today (16th October). 
  • Charlie Lee speaks on Bitcoin and Litecoin mass adoption problem and solution.

Litecoin Gemini Listing Live Today (16th October)

Following on from Gemini announcing their support for Litecoin trading and custody, last week, as covered by Hacked.com’s Sam Bourgi, in a post reaction review, trading is live today (16th October) on their platform from 0930EDT. Litecoin is being marked as the fourth digital asset being made available on Gemini. Most noteworthy, Gemini is seen as ‘the world’s most regulated cryptocurrency exchange and custodian. Held to the highest standards of banking compliance and fiduciary obligations. Overseen by the New York State Department of Financial Services (NYSDFS).’

Happy Belated, Litecoin

Litecoin has now been in cryptocurrency existence for over 7 years. Charlie Lee, the creator, initially released it via an open source client on GitHub. The first actual release was a fork of the Bitcoin blockchain. Finally, the cryptocurrency went live on 13th October 2011. Just two years after its inception, it breached the billion-dollar market cap. As of time of writing, this is currently seen at $3.2 billion, making it the 7th largest.

Charlie Lee on Mass Adoption Barriers

CNBC Crypto Trader recently interviewed Charlie Lee. The Litecoin creator was questioned on why this mass adoption is struggling to happen and what the barriers are. Lee noted that scalability is the issue. Therefore, suggesting that for Bitcoin and Litecoin to scale to the world, a solution would be Lightening Network. He said, “this would allow to scale, without sacrificing decentralization.” This is being worked on right now. To that point, Lee believes that real world adoption will start to be seen in the coming yet.

Technical Review – Daily Chart View

LTC/USD daily chart

LTC/USD during yesterday’s session, saw a large bull run higher, spiking above well into the $62 territory. After somewhat of a knee jerk move, the price eased lower, but still held on to decent gains at the session end. Therefore, the daily candlestick left a bullish upper wick. This leaves room for the bulls to pick up where they left off. As a result, there does appear to be potential room for this wick on the 15th October candle, to be filled.

Eyes would be on for a potential breakout of the triangle pattern, that has contained the price since the start of September. Market bulls would need to see a daily close above $60, for it to be inviting of a continued move north. Finally, near-term support is eyed at the lower part of the triangle, tracking at $51.50. It is vital that this area holds, otherwise it would spell potential catastrophe.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.5 stars on average, based on 32 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




Feedback or Requests?

Continue Reading

Recent Comments

Recent Posts

A part of CCN

Hacked.com is Neutral and Unbiased

Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.

Trending