The chance of a bitcoin crash is greater than 80%

There’s a greater-than-80% chance that bitcoin will soon crash.

To be sure, mine is not the first column to suggest that a bitcoin BTCUSD, -4.11%  crash is imminent, especially as bitcoin’s price tops $10,000. But you may not realize just how high the probability of a crash has become.

The reason of a crash’s probability is a recent study of what has happened on prior occasions when an asset’s price has skyrocketed. Bitcoin’s extraordinary price run-up far exceeds the threshold for when a crash becomes nearly certain.

This study, titled “Bubbles for Fama,” was published earlier this year by the National Bureau of Economic Research. Its authors are Robin Greenwood, a finance and banking professor at Harvard Business School and chair of its Behavioral Finance and Financial Stability project; Andrei Shleifer, an economics professor at Harvard University; and Yang You, a Ph.D. candidate at that institution.

The researchers defined a bubble as a sharp price run-up over a two-year followed by at least a 40% drop over the subsequent two years. When the price run-up is 100% or more, they found the probability of a crash becomes 50%. When focusing on price run-ups of at least 150%, that probability becomes 80%. As price run-ups become even bigger, a crash becomes “nearly certain.”


To put those thresholds in context, consider that bitcoin’s runup over the last two years is nearly 2,500%. That’s more than 10 times greater than the threshold the researchers found was associated with a “near certain” subsequent crash.




To be sure, the authors focused on the stock market in their study, not crypto-currencies. But I nevertheless am confident that their conclusions apply to bitcoin too, since they analyzed nearly a century’s worth of historical data, both in the U.S. and in foreign stock markets as well, and found broadly similar conclusions regardless of the time period or the country.


Bitcoin eyes $10,000 milestone as 'mesmerizing' performance continues
They furthermore were unable to find any evidence that the probability of a crash was dependent on any fundamental factors. That’s a crucial detail, since many of bitcoin’s true believers insist that the fundamental case for bitcoin is unique, and that therefore historical precedents don’t apply. Yet every prior bubble was accompanied by similar claims of historical uniqueness. (Can you say “dot-com bubble”?)

It’s often said that the four most dangerous words in investing are “this time is different.” Bitcoin investors in particular should not forget that.
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Source : marketwatch

Georgia Real Estate Commission License Requirements

To obtain a Georgia Real Estate Sales license you must:

Be at least 18 years old.

Be a high school graduate or the holder of an equivalency degree (GED).

Successfully complete a 75 hour Pre-licensing course, including a proctored final exam.

The Georgia Real Estate Commission requires students to take the course from an approved provider such as Sellect Realty LLC Schools (5753 In-Class approval code and 6994 online approval code)

Pass a proctored State Licensing Examination (There is a $115.00 fee paid to Applied Measurement Professionals for each time the student takes the exam) www.goamp.com

Submit your GCIC (Georgia Criminal Information Center) report with no issues.

(Submit the Application for Person with Prior Criminal Conviction(s) or Disciplinary Sanction(s) to the Georgia Real Estate Commission if there are issues involved.) www.grec.state.ga.us

Submit the Certificate of Accuracy Statement License Application which is issued once the student passes the State Examination.

Present 2 forms of identification, one with a current photograph. (Both forms of ID must be valid and include your current name and signature)

Pay the one time application fee of $170.00 (Visa, MasterCard; Cashier’s check or money order payable to The Georgia Real Estate Commission)



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How To Get Started In Real Estate Career – Here Is All You Need To Know

The number of people turning to real estate is growing each day. Why? Because the career in real estate promises unlimited growth opportunities with a customized schedule that is managed by none other than you. If you are one of the people who are keen on pursuing a career in this industry but do not know to how to get started in real estate career, this article describes it all for you.

How To Get Started In Real Estate – Take Off With The License:

The first and foremost requirement of getting started in real estate is the license. Having a real estate license allows you to work as a professional agent. You are allowed to contribute in completing a property transaction between two parties without any legal obligations.

However, getting the license is not simple. There is a whole set of requirements that need to be fulfilled before you are finally able to get the license. The list of requirements for real estate license includes:

•    The legal US residency

•    Minimum age of 18 years

•    Completing the pre-licensing course

•    Taking the exam

•    Passing the exam

The duration of pre-license courses differs in each state. In Georgia its 75 hours, in Florida its 63 hours while in California, the duration stretches up to 135 hours.

What Do You Need To Get Started In Real Estate?

The license is just the first step of getting started in real estate career. There is much more to the career as a real estate agent, and you must be well-equipped to take on the challenges.

The list of getting started with real estate further expands to:

• Access To MLS Listing:

The MLS is an online tool that provides agents with access to the database to find properties for sale for buyers and list the properties for sellers. The MLS charges a monthly fee of $29.00.

• The Board Of Realtors Fees:

Although it’s not mandatory for the agents to get the membership of BOR, many realtors still opt for joining it. The BOR members are required to pay annual dues which fall around $120 per member.

Find more information about BOR on official website of the National Association of Realtors.

• Smartphone:

Real estate agents are almost always on the phone. They are either taking calls from clients or getting updates from home inspectors, appraisers and loan officers.

So when you are starting your real estate agent career, having a smartphone is a must. It keeps you in touch with the clients via email, call or texts without any break.

• Advertisement:

You will be required to advertise the business on leading social platforms like Facebook, Twitter, Instagram, Pintrest, etc.

Printing ads in newspapers and flyer distribution also play a huge part in giving your business wider exposure. The advertisement techniques are used, not only by those getting started as real estate agents but also by the experienced ones.

You Are Good To Go:

All these techniques should help you understand how to get started in real estate career. Follow the steps carefully and you are good to go. Here you can find excellent videos about how much real estate agent make with their real estate career.

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3 The Best Qualities That Top Real Estate Agents Possess

The real estate industry is growing each day and the number of people wanting to sell or buy a property is increasing too. And to make those property transactions, they want to hire a good real estate agent. if you are looking to become a real estate agent, there are some qualities top real estate agents possess. Some of them are:

1.       Top real estate agents have knowledge of the area:

Every time a client comes to you, he is looking for someone who can provide him with every little of the area where the property is situated at. So it is important for a good agent to know what are the pros and cons of the area and if you are an agent working for the seller, how to talk the clients into buying a property on the right price.

So if you are new in the business or having a difficult time running it, the first thing you would want to do in order to come out of this situation and become one of the top real estate agents in your area is to equip yourself with the knowledge.

Simple Living Australia

 A wide network:

If you ask the top real estate agents, they will always tell you one thing and that’s having a wide network outside your business. You can increase your network  by making new friends and asking the old friends and family members to tell about you in their social circle in order to give your business a boost.

3.       Deal with the clients in right manner:

Clients are like oxygen for your business. if you deal with client in the right manner, he will bring 10 more clients and vice versa. In order to make sure you are dealing with clients well, make sure you are following the points: 

Pay attention.

·         Be proactive and tell them if there is a better option available for them.

·         If they have a problem, make sure you provide them with the right solution.

If you follow the above instructions, you are likely to make your name among the top real estate agents. In the end, good luck with your career.

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