Cryptocurrency. Lack of regulation is its biggest appeal. However, that may change, given a recent call for regulating this segment. Though it is a big hit with investors, especially because of the record run of Bitcoin, the most popular of all the digital currencies, there have been skeptics crying foul over the legitimacy of this investment class.
Hi, unfortunately I bought bitcoin at the peak, then it fell all the way down before I switched over to some of the Altcoins you mentioned, however I didn’t realise the time I switched over to them, that the Altcoins were at a peak and when I switched they then fell down too leading to more of a loss. I also, feel a lot of those coins have maybe had their days of 100x, 10x their gains and had more potential at the time you bought into them.
The Coinbase smartphone app, however, offers a diverse feature set beyond what the Coinbase website delivers. Using the Coinbase app, which is available for both iOS and Android devices, it’s possible to purchase and store Bitcoin via in-app purchase functionality. In addition to Bitcoin, the Coinbase app also offers investors the ability to purchase either Etherium or Litecoin, the two most popular altcoins on the market.
Now that you’re well-versed about the types of crypto exchange platforms available in the markets, you might think it’s time for you to get started with the investments. Not yet though! Like stock exchange and money trading, crypto trading is not a piece of cake. You need to learn the basics, gather all the necessary information, and get prepared before ultimately heading towards investments. Here’s a list of things to check before finalising an exchange:
Long/Short – These are basic jargons that are being used in the trading world. When a trader is in a “Long” trade this means that they have bought something and are hoping that the price will go up to make a profit. On the other hand, when a trader is doing “Short” trades this means that the trader sells what they have in hand. Why would you want to sell a perfectly fine position (crypto)? Profit is made if you can buy for a cheaper price after you have sold it for a much higher one.
Sia is the very first decentralized storage platform that’s based on and secured by the blockchain technology. Through the blockchain tech, Sia can provide much reliable data storage options that do not have a single point of failure, can offer more storage space – at much lower costs than traditional cloud storage providers. Besides the obvious, investors are readily jumping on the Sia-train for one more reason: Privacy. Unlike cloud-storage provides, Sia’s tech gives you all the keys to your own (encrypted) data, and mandates that no third party will control nor access your files.
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So far, everything we’ve discussed has involved taking a long position on a coin. That is, our focus has been buying a coin at a lower price than what we think we will be able to sell it at later. What if we have some indication that leads us to believe that the value of a coin is about to decrease? In this case, we could take a short position, which is the same technique that made some people boatloads of money during the 2008-2009 housing bubble.
Bitcoin seemed to be heading for its demise last night before it broke back above resistance and retested the channel bottom trendline. We do have a trendline (red), which has been supporting this recent rise back up after the big drop and as long as we stay above it, bulls can remain hopeful. This pop has caused MACD to crossover bullish and turned the histo ...
The exchange offers its own coin termed as BNB (Binance coin). Being a centralised exchange, you can get decent discounts while conducting trade in their own tokens i.e. BNB. Before investing through any exchange, your major concern might be the fee structure. Thanks to Binance, as it offers a standard trading fee of only 0.1% which can further be reduced if the payment is conducted in BNB. Moreover, you can register and operate on both web and mobile (Android and iOS) interfaces which are very simple and user-friendly.
Ethereum ETH, Monero XMR, Factom FCT, DASH, are all leading coins and traded the most volume daily. You should follow the coin’s chart and identify low and stable periods. Such periods are likely to be a consolidation period by the whales, and when the right time comes, accompanied by a good press release of the project, the pump will start and they will sell in profit.
The main reason I’ve now started trading almost exclusively on Binance is because of the massive range of coins available. Many exchanges don’t offer more than 20 or so coins, Binance offers hundreds. Binance focuses on hosting newer alt coins before other exchanges so often the cheapest place to buy certain cryptocurrencies anywhere online is on Binance, this can give you a massive edge if you pick up coins that are only listed in a couple of places and those coins then go on to do very well and get listed elsewhere; this will push up the price and you’ll make a killing just for entering early.
In 2015 and the beginning of 2016, when Bitcoin held solid – as solid as Bitcoin can be – shuffling around $300 per one BTC, the game was trading Altcoins in order to gain more Bitcoin. It was expected that Bitcoin would grow higher in the future (the Pygmalion effect). Having a rather volatile base asset, such as Bitcoin, raises our need to compare our portfolio performance both in terms of its Bitcoin’s value and its dollar’s value. Many traders decreased the number of Bitcoin they are holding during the past year (hey, and it wasn’t hard when Ethereum got cut 70% from its Bitcoin all-time high…) although it had a nice dollar yield. Bitcoin’s growth made a lot of money for the crypto market, causing its total market cap to increase 30 times during the last year! As traders, it is important to keep Bitcoin as your base asset, but also not to forget the dollar value, and to take profit sometimes. You should always see the bigger picture – crypto is only one tier of your investment options. There are also the stock markets, real estate, bonds and many more investment opportunities. It is important to spread the risks among the crypto portfolio, as well as in the whole household investment portfolio.
This is probably the most important factor to look at when deciding whether a cryptocurrency will survive into the future or not. Some cryptocurrencies, apart from acting as coins and trading assets, also provide platforms, serve as the fastest means to move money across the globe, try to solve a certain problem in society or in the cryptocurrency ecosystem, and do a lot more.
For any significant investment in the space, I’m using the pick-and-shovel strategy to gain crypto exposure in the portfolio. Which “play” am I investing in? After much research and networking and grovelling, I’ve finally found a very good target which is ironically, a mining operation. I’ve been looking for an exchange play but haven’t found one yet…(so if any of you know of a solid one looking for funding, feel free to lob it my way :-))
A small number of cryptocurrency pairs. It is true. You will not find any altcoins from above the top 20. However, Bitstamp offers in its turn the possibility to work with hybrid pairs including USD and other fiats. The exchange can be used as your pass into the world of altcoins as you may buy BTC or ETH here and then transfer those cryptos to other exchanges with a wider range of pairs, which do not support fiat money.
To perform cryptocurrency arbitrage, you need to find an opportunity where you can buy a cryptocurrency for less than you can sell it on another exchange (minus the fees and commission). Once you’ve found one, all you need to do is simultaneously buy Bitcoin on the lower-priced exchange and sell on the higher-priced one. It’s easy to make hundreds or even thousands of dollars in just a few seconds if you have enough funds.
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Recommendations and Information found on Cryptopotato are those of writers quoted. It does not represent the opinions of Cryptopotato on whether to buy, sell or hold any investments. Investors should be cautious about any recommendations given. All investors are advised to conduct their own independent research into individual coins before making a purchase decision. Use information at your own risk.
Let’s say you have heard that the car’s price will rise in one month. This information is not confirmed yet, but you want to buy a car already especially when you had this intention before. The other has the same wish as the will have to pay more after car’s price inflates. This will lead to the price growth as demand will rise as compared to supply.
Kryll offers functional blocks that can help you. One of them, Market Trends, provides market information including price fluctuations, demand versus supply analysis, machine learning based market predictions and other options. In your strategy you can also include your preferable trading actions, such as buying, selling, splitting amounts into subsets, and many others.
We are still seeing the bulls grind EMA 4 hour support, but they have to break the lower highs to see continuation and shift momentum. The bears continue to hold the upper paw as long as the lower highs remain. The daily chart continues to tighten and this weekend it will be worth watching other alt coins in daily equilibriums to see if we have any initial ...