Created by Charlie Lee, a former Google engineer, Litecoin is an open-source payment network that operates on a global scale. It is not controlled by any centralized power, and it uses the “scrypt” as proof-of-work. It is similar to Bitcoin but has the advantage of offering a faster rate of generation and therefore faster transactions. This is one of the main reasons why its enthusiasts continue to invest or hold onto the coin even after finding out that its founder sold his stack.
Frankly though, I don’t see this train stopping any time soon and everybody should throw at least a couple of hundred bucks at crypto to hedge their bets. You may lose your money and if that freaks you out, maybe this isn’t for you. Here’s the thing though, only with risk can one hope to profit – this applies to all aspects of your life.
Unfortunately for those suckers, I made a killing (and still am making a killing) by betting against everything they were saying. When you tell the truth and stand up for something, most people won’t like it. The only real way to deal with suckers is to take their money on the way down.
The plunge last year got me to reconsidering the entire e-currency market. It still has potential, but if random agencies can make millions of units disappear into the ether it seems that no real solid financial structure can be built upon them. Sure, individual transactions are still cool if you store your units locally, which is the same as using cash (anonymous, untraceable), but eventually a society’s financial structure has to become more complex than the 14th century, framework wise, or it becomes a limited system with limited utility.
If you have never traded like Forex, Futures or Commodities on longer time frames, daytrading Cryptocurrencies will be a lesson in self discipline and one which may render your sanity seriously shredded. It is generally thought that one should spend time on Daily or longer and H8 minimum for trading to begin with to get a handle on trends and recognising the behaviour of the markets before venturing into the intraday mode which really requires a good skill level along with market knowledge.
Cryptography has everything to do with coding to keep data secure. This term is not something new. The cryptocurrency is a virtual or better said digital asset that utilizes cryptography as its security measure. That makes it thus saver and makes it very hard to impossible counterfeit unlike regular bills and coins.
Needless to say, Bitcoin’s place as an alternative digital asset among cryptocurrencies has become entrenched, despite likely headwinds it will continue to face as it evolves further. The U.S. Securities and Exchange Commission (SEC) announced in early August 2017 that certain Initial Coin Offerings (ICOs) – which use cryptocurrencies for financing – would be regulated as securities.
The new rule also appears to have a wider affect on foreign nationals who had been using cryptocurrency exchanges in South Korea through a virtual bank account. As the FSC’s announcement pointed out, minors and non-citizens will be restricted from the new name verification service.
Bitcoin and many other cryptocurrencies are opening the doors to a new type of digital money, which we think has the potential to someday become a leading currency of the world. At the moment, even the oldest of cryptocurrencies are still maturing and only time will tell where this genius invention is heading. From what we can tell, there is plenty room for advancement. At the same time, Bitcoin has already revolutionized the digital world.
Hey guys, Indeed, this was a harsh week with lots of news significantly affecting the entire cryptocurrency market. Though, according to the technical analysis the downside is limited and reversal is almost here. If you take a closer look at the BTCUSD chart you will see that the price has touched both the 38.2% extension and retracement lines $8330 ( which …
Cryptocurrencies bring the power of decentralization. However, before jumping onto the concept of decentralization, you need to understand the real problems brought by centralization. If you look closely at the digital world around you, you will notice that you are a big chunk of information – including your personal details, your likes and dislikes, your bank details, and the like.
Jubi is a Chinese exchange, allowing users to exchange a wide variety of cryptocurrencies for CNY. The exchange was founded in January 2014 by Beijing Zigong Technology Co., Ltd., and was officially launched in March 2014. Its core team is composed of many technical staff who have been concerned with virtual currency for many years. The company is committed to providing a safe, stable and quality trading experience for the second generation of cryptocurrencies or altcoins.
Localbitcoins is quite a popular for p2p (person to person) transactions all over the world. Simply put, you interact directly with the guy selling to you. Out of all the bitcoin sites listed here, this is one of the first and most reputed. Escrow and dispute resolution is provided by the site. See my thorough review of Localbitcoins, I personally use it to cash out of positions quite often.
Why? Because the people that didn’t cash out during the pump (called “bag holders”) don’t want to sell their coin at the bottom, at a much lower price. It goes without saying that if the price of a coin you’ve bought moves upward quickly, it’s best to cash out, back into Bitcoin. And If it’s a good coin that you want to invest in for the long term, make sure you buy back in after a dump. Sometimes it is better to focus on accumulating good coins rather than making more Bitcoin, because a good coin will always rise again.
By Thursday afternoon, the Justice Ministry’s announcement had prompted more than 55,000 South Koreans to join a petition asking the presidential Blue House to halt the crackdown on the virtual currency, making the Blue House website intermittently unavailable due to heavy traffic, the website showed.
Since the above is the case, a good start for any American wishing to trade cryptocurrency is starting with Coinbase.com (the most popular cryptocurrency website in America, and a service that offers a single platform for a Bitcoin wallet, Ethereum wallet, Litecoin wallet, Bitcoin Cash wallet, and a currency exchange).
The moment you look at the amount of support Tron has been receiving lately, you immediately realize it’s not just yet another blockchain-based platform. Tron’s technology aims to deploy world’s largest FREE content entertainment system. The platform allows anyone to store and own data, and to freely publish their content. Its app “Peiwo” already gathers 10 million enthusiasts and is on the road to become the world’s first TRON-compatible entertainment app. This technology revolves around the following ideology: All contributions on the network should be of equal quantitative value, the Internet should be decentralized, and data creators should have the absolute ownership of the data. It’s important to realise though that Tron has been pushed like hell by an ambitious marketing department… I have not yet decided if this is a cryptocurrency which will survive but, for a one year hold, it seems a safe bet.
The Wolf is a fast, aggressive trader and that matches nicely with my personal style. His calls regularly make me tons of money. A question you have to ask of all traders is “are they right?” Nobody is right all the time. In fact, even the best of the best are wrong more than they’re right. The greatest traders make their money on 20% of their trades. The rest of our trades make only modest gains or loses.
Each blockchain transaction can be coded with more conditions and information put into the transaction. Essentially, this gives the users an opportunity to generate what many call a Smart Contract. For example, let’s say you are starting a new business and are looking for a certain amount of investors with a promise of making money back within a period of time. With the help of a Smart Contract, you can code these conditions into the transaction and ensure that it will only proceed if you have enough investors. The beautiful part about these Smart Contracts is that they are transparent on the blockchain, meaning you can’t simply modify the transaction once the investors have paid their share and end up scheming them over. Once the transaction has been made, all of its conditions are set in stone.
“Magic sucks at TA! Can’t he see that it’s an 87 wave 123, ABCDEFG correction, with a nick-nack patty wack?” LOL Wait a minute, wait a minute. I have another one. How about “Yeah Magic doesn’t know what he’s talking about. I’m going looooong, it’s going to moon from here for sure.” How about this one “What are you talking about Magic, that high sell volume is a …
Bankroll management – This is actually a gamblers term but it applies to day trading just as much. It means managing the amount you are trading on a daily basis. You should be trading about 1 to 3 percent of your total bankroll on trades per day. So if you have $10k in crypto, you should be day trading with no more than $300 a day at the most. Now I know right now you are probably saying that is too low, but trust me, successful day traders who actually make a living doing this do NOT trade a huge percentage of their bankroll everyday. If you do that, eventually you will lose it all, and this is the biggest mistake I see people making when trying to day trade. They are trading with 50% or more of their total bankroll in crypto. The only reason you should ever do that is if you have inside information.
Binance is popular for supporting a wide range of cryptocurrencies. You can easily find the most popular ones including Bitcoin, Litecoin, ETH, and so on. Other coins that Binance supports are as follows:
Day trading crypto is not dead if you really really know what you are doing. With enough money it isn’t hard to manipulate alt coin markets provided you can sell them. As for Bitcoin it can be quite hard to profit heaps.
The best example of an effective ICO campaign is that of Ethereum, which had Ether as its token coins. In 2014, Ethereum’s project successfully raised USD18 million in Bitcoins; the value of Ether during the ICO was just USD0.40. The project went live in 2015; and by 2016, Ether’s value had spiked and went as high as USD 14 and 2018 traded in exhanges over 1000 dollars.
Make videos or tutorials and I’m sure the guys here will fund your effort with upvotes…win-win situation. That’s what’s great about this platform. Seems like a lot of people are interested and you seem very honest and a great teacher. The majority of us are really intelligent and can become great students.
Well I wish you the best. Please take the time to watch all my youtube videos, and im sure you will quickly realize that it is very possible to trade for a living, I am proof… I got into a serious car accident in 2006. I could not walk or work.. So I tried to think of something I could do at home in my condition.. The bills were coming in and I was desperate.. So I opened up a trading account with $3,000 off credit cards.. withing a month or two I paid the money back from my profits and have never looked back.. Took 2 years, and alot of therapy to walk normal again, but I have been trading every day since and feel really blessed to have this awesome job 🙂
You will see all sorts of conflicting information when trawling through Reddit, Steemit and Twitter. Take everything with a grain of salt; find trustworthy sources and connect people with experience successfully trading the markets.
So now that you’ve got somewhat of a grip on Bitcoin, Ethereum & Litecoin, you may want to do some speculation and invest in lesser known coins (altcoins). In order to do that, we’re going to have to use a marketplace or exchange. For this example, we’ll be using Bittrex — my favorite exchange.
To surmise crypto are fast becoming a highly traded commodity and cryptocurrency trading is very volatile. Gone are the days in which a person could buy Bitcoin for under $20 per coin but there is still money to be made. Learning to day trade Crypto can still turn a tidy profit if one follows trends and becomes well versed in the specifics of each coin. So, go out, be patient and diligent, and make money! I’ve been trading cryptocurrencies for 2 years now and I can say that over $200 billion dollars was made worldwide and has made millions of traders rich. I trade LTC, BTC, ETH, BCH, BCC etc. I can guide and assist you with any information you may need to invest in these new and unpopular crypto and digital currencies that are making waves at the moment. Contact me @ ([email protected] com).
For longterm investors who are willing to actively safeguard their Bitcoin, owning the underlying is clearly the way to go, but prudent steps must be taken to mitigate the risk of Bitcoin theft and/or loss of private keys (i.e., diversifying holdings across wallet/storage types, using two-factor authentication and strong pass phrases).