NullTX stands for Null Transaction. If you use Bitcoin regularly, at some point in time you encountered some sort of anomaly. Whether it be a null transaction, low fee, inputting the wrong address, or even had your wallet hacked. NullTX's mission is to be the #1 information source when it comes to solving your cryptocurrency problems. We provide the latest news in crypto along with educational articles regarding Bitcoin, Ethereum and much much more.
Understand blockchain – You don’t need to understand the technical complexities, but a basic understanding will help you respond to news and announcements that may help you predict future price movements. It is essentially a continuously growing list of secure records (blocks). Cryptography secures the interactions and then stores them publicly. They serve as a public ledger, cutting out intermediaries such as banks.
Blockfolio also provides complex and powerful analytical and charting tools that make the tracking price trends of the currencies you’re investing in seamless and practical. The app can also be programmed to gather together the latest news stories from your favorite cryptocurrency news websites and sources and present them in a comprehensive array.
Investing in any currency is an activity that, roughly speaking, can be done in two ways: the speculative, by means of short sales (buying and selling currencies several times in one day depending on the possibilities of the price going up or down), Or by developing a medium- or long-term investment scheme (i.e buying currencies and saving them for a longer period to sell them when appropriate).
Cryptocurrencies are not all the same. Some are mined while others are created all at once and slowly released into the market. Some cryptos earn a type of interest when owned and some are tokens used by innovative development networks/platforms. Other considerations like the maximum supply of a cryptocurrency, alternative uses (other than being an exchange medium), can greatly influence its future performance.
Verification criterion- Since cryptocurrencies aren’t government regulated, trading on exchanges is posed to hacks and misuse of identities. Therefore, all the reliable exchanges will ask you for the verification of your personal identity in one or the other forms to make deposits and withdrawals. To remain on the safer side and avoid money laundering and frauds, you must opt for the step of identity verification while registering on an exchange.
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.
Although I profited, I wasn’t sure if I just had a lucky month. I wanted to formalize my trading knowledge so I could do more than buy low and sell high. There had to be a real strategy to this stuff. I read as many books as I could on trading stocks and foreign exchange markets. I made a lot of mistakes. But eventually I found my rhythm and strategies.
The best cryptocurrency for long term investing is CAS Token because you get more than a coin; you get a cryptocoin that is backed up by an ongoing strategy to support the online marketplace and a cryptocoin that is a hub for every other currency. Cashaa is becoming the backbone of the online financial world and you can make a lot of money by investing now.
Hey Will. Thanks for the helpful guide! I’ve just gotten into crypto and found this info extremely useful. Just a question regarding how you keep your alt coins safe. As far as I can tell, you can’t keep many of these alt coins on a Trezor hard wallet, so do you just use something like My Ether Wallet instead? Cheers mate! Here’s to a cracking 2018!!
Howdy, Welcome to popular Cryptocurrency blog 'CoinSutra'. I'm Harsh Agrawal, a tech enthusiast & Digital nomad from New Delhi, India.I started CoinSutra to help users around the globe to learn about popular Cryptocurrencies.Here at CoinSutra I write about Bitcoin Wallet, Cryptocurrency wallets, Online Privacy & Security, VPN experiences & making money from Crypto.
Figure out if you want to go long or short. Are you going short with every penny you have to invest, or are you going to go long with some and short with some? Long-term investors will pay a lower tax rate if they can hold for over 12 months, but as a trade-off, they WILL have to sit through corrections (likely seeing their balance go down 50% plus on paper as often as they see it go up). Short-term investors can avoid corrections if they are nimble, but they’ll owe taxes on the profits from each trade they do along the way (see: how taxes work with cryptocurrency to understand how the long term and short term capital gains tax work with cryptocurrency).
Simply, the OBV is a remarkable technical indicator that can show us if the real money is really buying Bitcoin or quite the contrary they are selling. What we want to see when Bitcoin is failing to break above a resistance level or a swing high and the Ethereum already broke is for the OBV to not only increase in the direction of the trend, but to also move beyond the level it was when Bitcoin was trading previously at this resistance level (see figure below). Here is how to identify the right swing to boost your profit.
When buying coins, and especially with Bitcoin, you will notice that your purchase is in decimal. A Bitcoin itself is relatively expensive, around $10,000 at the moment (as of 15th Feb '18). If you were to purchase say $5,000 of Bitcoin, you would at today's rate be purchasing around 0.5 of Bitcoin. Do not ever worry about this; Bitcoin operates at eight decimals places. You do not need to own a whole Bitcoin or any coin for that matter. Consider it like pence in the pound or cents in the dollar, but with more decimal places.
TIP: A cryptocurrency wallet is a place where you store encrypted passwords that represent coins (the equivalent to storing money in a bank account). A cryptocurrency exchange is like a stock exchange or like a currency exchange in a foreign airport (a place people can trade cryptocurrency for other cryptocurrencies and fiat currencies like the US dollar). Just like if you want to trade stocks you need a bank account and access to the stock exchange, it is the same deal with cryptocurrency.
If you’re new to cryptocurrency, you were probably sucked into this rabbit hole for one of three reasons: You heard about the hype regarding Bitcoin, Litecoin or another very popular coin and you wanted to be one of the first adopters of a potentially world-changing piece of technology. You saw the returns that people were getting from cryptocurrencies and heard…
I feel compelled to spread the word; cryptocurrency is an amazing chance to make a fuck ton of money with a relatively small investment. The problem is, the window is closing. Many coins have already doubled in value many many times, the more a coin doubles in value, the harder it gets for it to double again and you to make a tidy 100% on your portfolio…
Be more cautious about investing your 401k into Barry Silbert’s Bitcoin Investment Trust $GBTC. The (European) XBT Provider ETN is an open-ended fund which means it maintains a premium to the NAV close to 0% at all times. The Bitcoin Investment Trust is an inferior investment vehicle because it is a closed-end fund (it does not increase its holdings of the underlying asset when demand for the product increases) which means it is subject to wild swings in its premium, which has been as high as 150%. So you could make the mistake of buying when the premium is high and suffer swingeing losses even when the Bitcoin price is stable.
You can’t simply go to a bank and ask for any digital currency. Instead, you’ll need a proper digital platform for making any trade in Bitcoin, Ether, Ripple or as a matter of fact any crypto. After all, that’s the whole point of creating digital currencies. Cryptocurrency exchange platforms are such online portals that allow you to exchange a digital currency (cryptocurrency) for another one or even a fiat currency depending upon the type of exchange.
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"People always think they are going to go in and buy when it's the dip," he says. "Say bitcoin is trading at $10,000, then a lot of selling occurs and causes panic and some investors reenter at $7,000. Then bitcoin bounces at $8,000, but goes back down to $6,000 and people buy back in thinking it's going back up and they are making money hand over fist."
Market orders allow us to exchange any amount of coin right away at the current market price. Orders are filled using the best available price in the exchange’s order book. For example, if you placed a market buy order for $100, it would buy from the lowest priced sell order(s) until you had used that $100. The advantage is that this transaction is always completed immediately; the disadvantage is that we don’t know exactly what price we are going to get.
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.
Know thy taxes. Speaking of legal tender like the USD, it is what you use to pay taxes. If you don’t understand Bitcoin’s tax implications, brush up on them before you start power trading. One could get them into a situation where they make money on paper, but end the year down in Bitcoin without taking their loss, and thus end up owing a bunch of money they don’t have in taxes. Those who don’t have investment experience can get in trouble if they don’t understand the somewhat complex implications of trading crypto.
Understanding support and resistance are pretty handy in the trading world, not only with forex, stocks, and commodities but also with the new kid on the block – cryptocurrencies. For example, when prior resistance turns into new support, we often encounter splendid buying opportunities in a strong uptrend. Check this space for a powerful support & resistance cryptocurrency strategy coming soon!
Known for handling one of the largest Bitcoin volumes out of all the crypto exchanges globally, Bittrex allows you to decide the trading rates with a service fee of around 0.25%. Moreover, a lot of your time will be saved as the verification process in Bittrex is pretty fast which allows you to start the trading process without any major halt. The platform supports two types of accounts namely, Basic and Advanced with withdrawal funds up to 3 BTC/day to 100 BTC/day, respectively.
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.
As Bitcoin heads toward a new all time high, many are eager to reap profits. The ETF disapproval is a sign of changing attitudes for Bitcoin. It was unlikely the SEC was going to approve the ETF. This reinforces how important it is to stay up to date. Get involved; chat on boards, comment on blogs, and follow news on social media. A viable strategy for one person may not work for another. It’s all for naught if you don’t appreciate the power that cryptocurrencys mean.ower that cryptocurrencys mean.
BTC saw a pump last night that only lasted about 10 minutes in terms of the significant part of the move. Since then we have consolidated for 9 hours giving some of the move back. This is still healthy consolidation on the 4 hour and even a potential bull flag. Bulls are trying to hold the back test of 4 hour EMA supports. We are still in a 4 hour lower high ...
The first thing you need to do before you invest in a crypto is to analyze its trading volumes. As a rule, always go for cryptos that have high daily trading volumes, unless there are some big upcoming news about a low volume crypto. High volumes signal to a Crypto’s liquidity, and the presence of an active community. The problem with low volume cryptos is that in most cases, they lack a strong community backing them, and they can easily get delisted from exchanges, leading to losses.
Read Part 3 of BTCManager’s series, ‘A Guide to Trading Cryptocurrency,’ here. In Part 4, we look at a very easy to pick up technique that, like the Ichimoku Kinko Hyo, originates from Japan. Renko charts are another Japanese technique that is easy-to-use and reliable for making profitable trades. Similar to candlestick charts, Renko charts are even easier to analyse…
If you’re not careful when it comes to cryptocurrency trading, you could find yourself gambling more than you’re trading, and eventually you might lose all your money. Trading is not a game, and just as there is real money to be made, there is real money to be lost. Doing your research and keeping the following concepts in mind when trading could help you avoid the pitfalls of cryptocurrency trading.
If you’re only buying Bitcoin, Ether and other currencies in order to sell them at a profit a short time later, then the investment is turning into speculation. You can trade the different tokens on a digital currency exchange (which are designed for trading fiat money for crypt currencies) or a crypto currency exchange (crypto for crypto). There are dozens of different exchanges that we’ll describe in detail in the guide.