5 Benefits of Cryptocurrency Trading

When it comes to trading cryptocurrencies, you need to consider whether your chosen market will rise in price up or down. And most interestingly, you never own a digital asset. In fact, trade is done with derivative products such as CFDs. Let’s look at the benefits of cryptocurrency trading. Read on to learn more.

Volatility

While cryptocurrency is a new market, it is quite volatile due to short-term speculative interest. The value of bitcoin in just one year dropped to $ 5,851 from $ 19,378 in 2018. However, the value of other digital currencies is fairly stable, which is good news.

What makes this world so exciting is the variability in the value of cryptocurrency. Price movements offer many opportunities for traders. However, it also carries a lot of risk. So if you decide to study the market, just make sure you research and compose a risk management strategy.

Hours of operation

Usually the market is open for trading 24/7 as it is not regulated by any government. In addition, transactions are made between buyers and sellers around the world. There may be slight downtime during infrastructure upgrades.

Improved liquidity

Liquidity means how quickly a digital currency can be sold for cash. This feature is important because it allows you to speed up transaction time, increase accuracy and increase prices. As a rule, the market is illiquid, as financial transactions take place on different exchanges. Thus, small deals can lead to big changes in prices.

Exposure with debt exposure

Because CFD trading is considered a product of borrowed funds, you can open a position regarding what we call “margin”. In this case, the value of the deposit is a fraction of the trade value. This way, you can enjoy great exposure to the market without investing a lot of money.

A loss or gain will reflect the value of the position at the time of its closure. So if you trade on a margin, you can make a huge profit by investing a small amount of money. However, it also increases losses that may exceed your deposit in trading. So make sure you consider the total cost of the position before investing in the CFD.

It is also important to make sure you follow a solid risk management strategy, which should include appropriate restrictions and stops.

Quick account opening

If you want to buy cryptocurrencies, make sure you do so through an exchange. All you need to do is sign up for an exchange account and keep the currency in your wallet. Keep in mind that this process can be restrictive and time consuming and labor intensive. However, once the account is created, the rest of the process will run smoothly and without complications.

In short, these are some of the most well-known benefits of cryptocurrency trading here and now. I hope you find this article very helpful.

Preparing for the world of cryptocurrency: Chinese edition

Over the past year, the cryptocurrency market has received a number of severe blows from the Chinese government. The market took the hits like a warrior, but these combos have taken their toll on many cryptocurrency investors. Weak market performance in 2018 is fading compared to stellar thousand percent earnings in 2017.

What happened?

Since 2013, the Chinese government has been taking steps to regulate the cryptocurrency, but nothing compared to what was put into effect in 2017 (See this article for a detailed analysis of the Chinese government’s official statement)

2017 has become a banner for the cryptocurrency market with all the attention and growth it has achieved. Extreme price volatility has forced the Central Bank to take more extreme measures, including a ban on initial coin offerings (ICOs) and restrictions on domestic cryptocurrency exchanges. Soon, mining plants in China were forced to shut down, citing excessive electricity consumption. Many exchanges and factories moved abroad to evade the rules, but remained accessible to Chinese investors. However, they still fail to escape the claws of the Chinese dragon.

In a recent series of government efforts to monitor and ban cryptocurrency trading among Chinese investors, China has spread its “Eagle Eye” to monitor foreign cryptocurrency exchanges. Companies and bank accounts suspected of carrying out transactions with foreign cryptocurrencies and related activities are subject to measures ranging from withdrawal limits to account freezes. There are even rumors among the Chinese community about more extreme measures to be applied on foreign platforms that allow trading among Chinese investors.

“As for whether further regulatory action will be taken, we will have to wait for orders from higher authorities.” Excerpts from an interview with the head of the group of the Chinese Agency for Security Oversight of the Public Information Network under the Ministry of Public Security, February 28

WHY WHY WHY !?

Imagine that your child invests his savings in an investment in a digital product (in this case – in cryptocurrency), and he does not have the opportunity to verify its authenticity and value. He or she may get lucky and get rich, or lose everything if the crypto-bubble bursts. Now increase this to millions of Chinese citizens and we are talking about billions of Chinese yuan.

The market is full of fraud and pointless ICOs. (I’m sure you’ve heard the news that people are sending coins to random addresses with the promise of doubling their investments and ICOs, which just don’t make sense). A lot of unwise investors are looking for money and they would care less about the technology and innovation behind it. The value of many cryptocurrencies is derived from market speculation. During the crypto boom in 2017, take part in any ICO either with a famous advisor and with a promising team, or with a decent rush, and you guarantee at least 3 times your investment.

The misunderstanding of the firm and the underlying technologies combined with the spread of ICO is a recipe for disaster. Central Bank members report that nearly 90% of ICOs are fraudulent or involve illegal fundraising. In my opinion, the Chinese government wants to make sure that the cryptocurrency remains “controlled” and not too big to fail in the Chinese community. China is taking the right steps toward a safer, more regulated world of cryptocurrencies, albeit aggressive and controversial. In fact, it may be the best step the country has taken in decades.

Will China deliver an ultimatum and make cryptocurrency illegal? I very much doubt it, for to do so is pointless. Currently, financial institutions are prohibited from storing any crypto-assets, while individuals are allowed but prohibited from conducting any form of trading.

State cryptocurrency exchange?

At the annual “two sessions” (named because the two main parties – the National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference (CPCC) take part in a forum held in the first week of March, leaders gather to discuss recent problems and make necessary amendments to the law.

Wang Pengjie, a member of the NPCC, immersed himself in the prospects of a state-owned digital asset trading platform, and initiated educational projects on blockchain and cryptocurrency in China. However, the proposed platform will require an authenticated account to allow trading.

“With the establishment of relevant regulations and the cooperation of the People’s Bank of China (PBoC) and the Securities Regulatory Commission of China (CSRC), a regulated and efficient cryptocurrency exchange platform will serve as a formal way to attract companies (through ICOs) and investors who retain their digital assets. seek to raise capital ‘Fragments of Wang Pengjie’ s presentation in two sessions.

March to the blockchain nation

Governments and central banks around the world are struggling with the growing popularity of cryptocurrencies; but one thing is for sure, everyone has accepted the blockchain.

Despite the dispersal of cryptocurrencies, the blockchain is gaining popularity and proliferation at various levels. The Chinese government supports blockchain initiatives and is emulating this technology. In fact, the People’s Bank of China (PBoC) has been working on digital currency and conducting bogus transactions with some of the country’s commercial banks. It has not yet been confirmed whether the digital currency will be decentralized and will have cryptocurrency features such as anonymity and immutability. It would not be a surprise if it turns out to be just a digital Chinese yuan, given that anonymity is the last thing China wants in its country. However, created as a close replacement for the Chinese yuan, the digital currency will be subject to existing monetary policy and law.

Governor of the People’s Bank of China Zhou Xiaochuan. Source: CNBC

“Many cryptocurrencies are experiencing explosive growth that could have a serious negative impact on consumers and retail investors. We don’t like (cryptocurrencies) products that use a huge opportunity for speculation, giving people the illusion of enrichment overnight” Zhou Interview Xiaochuan on Friday, March 9th.

Speaking to the media on Friday, March 9, People’s Bank of China Governor Zhou Xiaochuan criticized cryptocurrency projects that used the crypto-boom to make money and speculate in the market. He also noted that the development of digital currency is “technologically inevitable”

At the regional level, many Chinese cities are implementing blockchain initiatives aimed at promoting growth in their region. Hangzhou, known as Alibaba’s headquarters, said blockchain technology is one of the city’s top priorities in 2018. Local authorities in Chengdu have also been asked to build an incubation center to facilitate the adoption of blockchain technology in the city’s financial services.

Local conglomerates such as Tencent and Alibaba have also established partnerships with blockchain firms or initiated projects themselves. Blockchain firms, such as VeChain, have also secured several partnerships with Chinese firms to increase supply chain transparency in China.

All clues point to the fact that China is working towards a blockchain nation. China has always been tuned to new technologies such as mobile payments and artificial intelligence. From now on, China will undoubtedly become the first country to support the blockchain. Will we see how the Chinese government retreats and allows citizens to trade again? Maybe when the market matures and becomes less volatile, but definitely not in 2018.

Digital currency

Cryptocurrency

Cryptocurrency is a digital currency. It is also called virtual currency. It is a digital asset that processes its transactions using cryptography, cryptography is used impenetrably and confirms transactions. In many countries, cryptocurrencies are used as alternative currencies. Bitcoin was added in 2009 as the first decentralized cryptocurrency. After that, many different cryptocurrencies entered the market. They are usually known as altcoins. These currencies use decentralized management as a counterbalance to centralized digital money and central bank systems.

Distributed management uses the bitcoin transaction database as a paid ledger. The encryption device generates a decentralized cryptocurrency at a set price that is communicated to the public. In centralized banking and the Federal Reserve, boards of directors and governments control the issuance of currency through the printing of cash units, and the exchange is carried out through digital banking books. However, in a decentralized cryptocurrency, companies or governments cannot create new businesses or provide support to various companies, banks, or companies that own assets.

Satoshi Nakamoto Group has created a basic technical device for decentralized cryptocurrency. By September 2017, nearly a thousand cryptocurrencies had been created, most of which were comparable to bitcoins. In cryptocurrency systems, security, integrity, and general ledgers are maintained through a group of mutually suspicious parties known as Miner, with the general public screened through their computer systems, and transactions with timestamps maintained through a specific time stamp scheme. Miners in order to keep the cryptocurrency book safe for economic reasons.

Most cryptocurrencies constantly minimize currency production by limiting the entire amount of currency in circulation and imitating precious metals. Unlike conventional currencies stored in monetary institutions, such as cash, cryptocurrencies are difficult to seize by law enforcement. This issue is related to the use of cryptographic technologies. Law enforcement officers faced this disaster in the Silk Road case, in which Ulbricht’s bitcoin repository was “encrypted”. Cryptocurrencies such as bitcoin are aliases, although applications such as Zerocoin have been proposed to ensure true anonymity.

Some unknown people or people used the name Satoshi Nakamoto and added in 2009 bitcoin – the first digital currency. SHA-256, a cryptographic hash function, was used as a working scheme in it. Previously housed Namecoin in April 2011. Litecoin was released, in October 2011 it had a hash function Scrypt. Cryptocurrency, Peercoin used the hybrid as proof of work. IOTA does not use a blockchain, it uses a tangle. Built on an individual blockchain, the Divi project allows you to effortlessly buy and sell currencies from your wallet and be able to use information that cannot be identified for transactions. Subsequently, many unique cryptocurrencies were created, but only a few succeeded because they did not have technical innovations.

The first bitcoin ATM was installed in Texas, USA, on February 20, 2014, by the creator of Robocoin, Jordan Kelly. This ATM was identical to a bank ATM, however it studied identifications such as a passport or a user’s driver’s license using scanners. In 2017, almost 1,574 ATMs with bitcoins were installed in different countries, and in 2017, a total of 3 ATMs were connected per day.

The legal status of cryptocurrencies varies greatly from country to country and continues to exist in many of them. Although some countries have explicitly allowed their use and trade, others have banned it. In addition, different government institutions have restricted bitcoin differently. In 2014, the Central Bank of China banned the handling of bitcoins by Chinese financial institutions. However, in Russia, cryptocurrencies are legal, although the use of other currencies to buy goods other than the Russian ruble is a criminal offense. The United States Internal Revenue Service allowed bitcoin to be taxed on capital gains, and on March 25, 2014, that ruling clarified the legality of bitcoins.

Practical tips on cryptocurrency trading

For some time now, I have been closely monitoring the work of cryptocurrencies to feel where the market is heading. The routine taught to me by my elementary school teacher – where you wake up, pray, brush your teeth and take breakfast, moved a little on waking up, praying, and then online (starting with coinmarketcap), just to know which crypto-assets are red .
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The start of 2018 was not great for altcoins and relative assets. Their performance has been crippled by bankers ’frequent speculation that the crypto-bubble is about to burst. However, avid cryptocurrency followers are still “trading” and, truth be told, they are reaping.

Recently, bitcoin returned to nearly $ 5,000; Bitcoin Cash has approached $ 500, while Ethereum has found peace in $ 300. Virtually every coin came under attack from beginners who were still in the excitement stage. As of the time of writing, bitcoin is back on track and is selling it for $ 8,900. Many other cryptophones have doubled since the uptrend began, and the market capitalization is $ 400 billion from the recent $ 250 billion threshold.
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If you are slowly warming up to cryptocurrencies and want to become a successful trader, the tips below will help you.

Practical tips on cryptocurrency trading

• Start modestly

You have heard that cryptocurrency prices are rising rapidly. You have also probably received the news that this upward trend may not last long. Some parasites, mostly respected bankers and economists, usually call them schemes of rapid enrichment without a stable basis.

Such news can make you rush to invest and not apply moderation. A small analysis of market trends and depreciable currencies can guarantee you a good return. Whatever you do, don’t invest all that hard-earned money in these assets.

• Understand how exchanges work

I recently saw a friend of mine posted on Facebook a feed about one of his friends who continued to trade the stock market, he had zero ideas about how it works. This is a dangerous step. Always inspect the site you are going to use before registering or at least before you start trading. If they provide a bogus account that you can play with, take the opportunity to find out what the dashboard looks like.

• Don’t insist on trading at all

There are over 1,400 cryptocurrencies to trade, but it is impossible to deal with all of them. Spreading your portfolio to a huge number of crypts than you can effectively manage minimizes your profits. Just pick a few of them, read more about them and how to get their trading signals.

• Stay sober

Cryptocurrencies are volatile. This is both their ugliness and well-being. As a trader, you need to understand that wild price fluctuations are unavoidable. Uncertainty when to take a step makes an inefficient trader. Use solid data and other research methods to be sure when making a deal.

Successful traders belong to various online forums where discussions of cryptocurrencies concerning market trends and signals are discussed. Sure, your knowledge may be enough, but you need to rely on other traders to get more relevant data.

• Significantly diversify

Virtually everyone will tell you to expand your portfolio, but no one will remind you to deal with currencies used in the real world. There are a few bad coins you can handle to get quick money, but the best crypts you can deal with are the ones that solve existing problems. Coins used in the real world tend to be less volatile.

Don’t diversify too sooner or later. And before you take the step of buying any crypto-asset, make sure you know its market capitalization, price changes and daily trading volumes. Maintaining a healthy portfolio is a way to get the most out of these digital assets.

Crypto TREND – second edition

In the first edition of CRYPTO TREND we introduced cryptocurrency (CC) and answered a few questions about the new market space. There is a lot of news in this market every day. Here are some highlights that give us an idea of ​​how new and exciting this market space is:
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The world’s largest futures exchange for the creation of a futures contract for bitcoin
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Terry Duffy, president of the Chicago Mercantile Exchange (CME), said: “I think sometime in the second week of December you will see our [bitcoin futures] enter into a contract for listing. Today you can’t short bitcoin, so there is only one way. You either buy or sell to someone else. So you create a two-way market, I think it’s always much more efficient. ”
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CME intends to launch bitcoin futures by the end of the year pending legal review. If successful, it will give investors a viable way to go for “long” or “short” bitcoin. Some exchange traders have also applied for bitcoin ETFs that track bitcoin futures.
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These developments can allow people to invest in the cryptocurrency space without having a direct CC or using the services of a CC exchange. Bitcoin futures can make a digital asset more useful by allowing users and resellers to hedge their currency risks. This may increase the acceptance of cryptocurrency by traders who want to accept bitcoin payments but are wary of its variable value. Institutional investors are also accustomed to trading in regulated futures that do not suffer from money laundering worries.
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The CME move also suggests that bitcoins have become too large to be ignored because the exchange in the recent past seemed to rule out crypto futures. Bitcoin is almost everything that is said in brokerage and trading firms, which have suffered against the background of growth, but unusually calm markets. When futures on an exchange took off, it would be virtually impossible to catch up with any other exchange, such as CME, as scale and liquidity are important in derivatives markets.
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“You can’t ignore the fact that it’s becoming more and more a story that won’t go away,” Duffy said in an interview with CNBC. He said there are “major companies” that want to access bitcoin, and “huge slow demand” from customers. Duffy also believes that attracting institutional traders to the market could make bitcoin less volatile.
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The Japanese village will use cryptocurrency to raise capital for municipal restoration

The Japanese village of Nisiowakara is exploring the idea of ​​holding a Primary Coin Supply (ICO) to raise capital for municipal restoration. This is a very new approach and they can ask for government support or turn to private investment. Several ICOs have had serious problems, and many investors are skeptical that any new token will have value, especially if the ICO turns out to be another joke or scam. Bitcoin was definitely not a joke.
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FIRST COIN OFFER – (ICO)

We didn’t mention ICO in the first edition of Crypto Trend, so let’s mention it now. Unlike an initial public offering (IPO), when a company has a real product or service for sale and wants you to buy shares in their company, an ICO can be conducted by anyone who wants to initiate a new Blockchain project with the intention of creating a new mark on their chain . ICOs are not regulated, and several have been completely fictitious. A legitimate ICO can raise a lot of money to fund a new Blockchain project and network.
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It is typical for an ICO to generate a high price of tokens at the very beginning and then return to reality again. Because ICOs are relatively easy to hold, if you know the technology and have a few dollars, there were a lot of them, and today we have about 800 tokens in play. All of these tokens have a name, they are all cryptocurrencies, and with the exception of very well-known tokens such as Bitcoin, Ethereum and Litecoin, they are called alternative coins. At this time, Crypto Trend does not recommend participating in the ICO, as the risks are extremely high.
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As we said in Issue 1, this market is now a “wild west,” and we recommend being careful. Some investors and early investors made big profits in this market space; however there are many who have lost much or all. Governments are considering the rules because they want to know about each transaction in order to impose all taxes on them. They all have huge debts and are tied to cash.
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So far, the cryptocurrency market has avoided many government and conventional banking financial problems and pitfalls, and Blockchain technology has the potential to solve many more problems.

A great feature of bitcoin is that the creators have chosen the final number of coins that can ever be obtained – 21 million – thus ensuring that this crypto coin will never be inflated. Governments can print as much money (fiat currency) as they like and inflate their currency to death.
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Future articles will delve into specific recommendations, however, make no mistake, early investments in this sector will only be earmarked for your most speculative capital – money you can afford to lose.

CRYPTO TREND will be your guide when and when you are willing to invest in this market space.

Stay tuned!

Nano Coin compared to Nexty Coin – Crypto

Nano and Nexty: Are these real and practical alternatives available? Let’s find out!

Blockchain is no longer a hip-geek conversation! Bitcoin has revolutionized the way many of us have seen currencies, books, money transfers and transactions. The beauty of all virtual currencies is that almost every one of them is trying to solve the problem. And here is our interesting coin – Nexty. During registration, the similarity of the Nexty platform will be compared to the Nano – XRB to gain a better understanding of this platform.
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Simply put, the Nexty platform is presented as a transactional system that eliminates the notion of transaction fees by providing ultra-fast translation to facilitate users. In addition, transfers are super-fast because transactions do not require miners to confirm, as is the case with other virtual currencies such as Bitcoin, etc.
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However, according to information released by the creators of Nexty, the main use of Nexty is for newly created e-commerce businesses to help get government funding. Since there are no transactions, ultra-fast transfers (2 seconds! And that’s pretty much real time) and confirmation fees, fundraising will be less. The coin is surgically targeted at e-commerce stores because it will develop an ecosystem where these stores will accept NTY coins from shoppers.

The NTY concept makes daily online transactions smooth. The NTY team consists of Blockchain developers and renowned marketers. Some of the team members have ten to 12 years of experience in complete stack design and marketing.

Some of you may argue that the Nano – formerly known as Railblocks, XRB – already performs the same functions as NTY. The XRB coin is a bit unique because it uses the block lattice’s own data structures. Because of this, each Nano account has its own blockchain that reduces fast transfer latency. In addition, the XRB is energy efficient and does not require a high-end GPU system to execute transactions. However, the Nano does not come with a smart contract feature. Smart contracts are designed to exchange triggers for any cryptocurrency. These contracts help to exchange cash, real estate, stocks or any tangible or intangible financial value entities. Smart contracts are also crowding out the need for brokers, seamlessly translating our crypto to asset exchange. Apart from this one difference, NTV and XRB (Nano) are more or less the same. Another important feature of the Nexty platform is its integration into existing e-commerce applications such as Joomla. According to NTY developers, integration takes a maximum of 3-4 hours.

To balance supply and demand the NTY platform comes with a built-in reasonable rate program. This program offers bonuses and credits for buying, selling and maintaining Nexty. The system is designed for investors and daily users simultaneously.

The capabilities of the Nexty and Nano platforms are huge. Just imagine a world where crypto replaces regular wallets, and transactions are fast! For example, if a store owner accepts BitCoin, he may not transfer goods and services to you until the transaction is confirmed by a number of minors. And now rethink the payment for goods and services in a currency that is quickly transferred with zero commission for transactions, regardless of minor checks!