An altcoin is developed with the idea of improving the Bitcoin. A valid, valuable altcoin will often transform the existing rules of Bitcoin to create something unique and productive. For instance, Ethereum, an altcoin, has the ability to execute smart contracts — a computer program that is engineered to enforce all the terms of a pre-programmed contract automatically.
This year alone has seen an absolute explosion in the number of cryptocurrency offerings. Find out below about the other high-profile cryptos such as NEO, Monero, Ethereum Classic, Dash, IOTA, and Zcash.
The beautiful part of a blockchain is that you aren’t limited to just using it with Bitcoin. In fact, many other online currencies and representations of digital value have started using blockchain as a method to prevent unfair transactions. The best part is that you don’t need to know anything about the way it works, simply plug it in and watch it do its magic. However, having a general understanding of the blockchain gives you the ability to fully comprehend the security and stability that blockchains bring to the table.
AUR has a 50% premine… the airdrop means the supply of coins in circulation will increase while the demand has largely diminished. No one knows for sure but I think it’s pretty safe to say that the airdrop will lead to further price collapse.
Hey Sirus, at the moment no I don’t but I am soon going to be partnering with some close friends who have had excellent success with crypto also and we’ll be expanding the info we have available for you guys.
You can get a FREE copy of my first novel, The Scorpion Game, when you join my Readers Group. Readers have called it “the first serious competition to Neuromancer” and “Detective noir meets Johnny Mnemonic.”
WhaleClub – WhaleClub serves over 15,000 traders every day. There are no fees when it comes to deposits, withdrawals, and trading on WhaleClub and the exchange doesn’t have any limits as well. However, they only accept cryptocurrency deposits and withdrawals so you need to own bitcoins before you can start trading on WhaleClub platform. WhaleClub does not charge any fees on trading, all of the costs are embedded into the bid/ask spreads, leveraged and margin trading fees. Whale Club is a bit specific exchange, as it only offers margin trading. Standard open book trading without leverage is not supported. The five different order types offer risk management solutions for day traders as well. Whale Club has one of the best user interfaces out there, it is both intuitive and fast at the same time.
With these protocols, some altcoins eliminate or reduce the risks associated with payment processing. Some other altcoins, however, are designed to carry out specific applications such as buying products or online tipping. All in all, before buying an altcoin, you should make sure that its purpose or application is clear to you.
Unlike forex, stocks and options etc., altcoin markets have very different dynamics. New ones are always popping up which means they don’t have a lot of market data and historical perspective for you to backtest against. Most of the altcoins have rather poor liquidity as well . How do you come up with a reasonable plan and test it given these complications?
Thanks for the post that you publish on cryptocurrency. Cryptocurrency is more secure and easy to use than paper currency. Our firm offer peer to peer electronic wallet to our customers threw which they did not any need to carry cash from one place to another.
Also, the majority of Icelanders have never even heard of AUR and probably don’t know how to utilize a computer to acquire/use their coins. At least that’s what some people from Iceland said when AUR started skyrocketing.
Don’t be greedy. No one ever lost money taking a profit. As a coin begins to grow, the greed inside us grows along with it. If a coin increases by 30%, why not consider taking profit? Even if goals are set to 40% or 50%, you should at least pull out some of the profit on the way up in case a coin doesn’t reach the goal. If you wait too long or try to get out at a higher point, you risk losing profit you already earned or even turning that profit into a loss. Get into the habit of taking profits and scouting for re-entry if you want to continue reaping potential profits.
It’s human nature to be cautious at first and then progressively relaxed, even reckless. My observations suggest that it is best to behave in the opposite, counter-intuitive way: commit yourself to the market with reckless abandon in the early days, and then start the scaling out process, applying the brakes and get the hell out when it appears to be the later stages.
No-commission stock trading app Robinhood will let you buy and sell Bitcoin and Ethereum without any added transaction fees starting in February, compared to Coinbase’s 1.5 to 4 percent fees in the US. And as of today Robinhood will let all users track the price, news, and set up alerts on those and 14 other top crypto coins, including Litecoin and Ripple.
Say that a coin “pump” is planned. This is generally when a developer adds features to the coin that Joe and Bob think will make it more valuable to Tim and George. Tim and George buy the coin at the peak thinking it will go mainstream someday.
The problem is the pop-press is used to playing the game at slower speeds. It’s as if they were good football players in college only to go to the pros and have guys blow right past them. It’s a totally different level. This is the e-Sports universe.
I bought Elastic $XEL at the obscure Heat exchange. It was rather difficult discovering how to buy it because I was in this case ahead of the herd where the path was not well defined. In the end I bought it at a high price (average 31,367 Satoshis, should have got them at 25,000 Sats) as I got scammed over at Heat by a predator (Arsonic @Ars0nic on Twitter) playing the order book. We’ll see how that plays out. I think the excessive price I paid will not matter too much.
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Safety rules were written with blood. That statement sounds familiar to every soldier around. Although we are not dealing with a risk to human lives, losing your expensive Bitcoins by making mistakes trading is definitely not a fun situation.
that’s such a shame, i’m sorry for you man. This world is really so fuckin ignorant. Some nice guy like you shares his wisdom and gets screwed. thanks for all your videos, i have learned a lot from you.
Have you heard about ICOs? Don’t worry if you haven’t. ICOs simply stand for Initial Coins Offer. It is the latest craze in the crypto world and it is enriching a lot of investors. They are more viable and trusted than those too-good-to-be-real HYIPs (High Yield Investment Programs) that promise you heaven on earth and eventually disappear with your money.
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If you ignore the fact that I didn’t know what the fuck I was doing and I was playing on luck, the whole experience is not one I wish to return to. Sure there are plenty of people who day trade crypto and probably a bunch who make good returns. Equally, there are many who have been burnt and financially ruined themselves. Just search Reddit and you will find many depressing stories.
As long as they are used by companies as well as regular people to switch between other currencies but for the reason to only avoid paying the exchange rates it will not achieve the right reputation, this also reflects back on point one.
Here again, it is important considering a number of factors when choosing a stop loss level correctly. Most traders fail when they fall in love with a trade or the coin itself. They may say, “Here it will turn around, and I will get out of this trade with a minimum loss, I’m sure”. They’re letting their ego take control of them and unlike the traditional stock exchange where extreme daily movements are considered 2-3% in value, Crypto trades are a lot more riskier: in my life as a trader I’ve seen a coin dumping by 80% just in a few hours! And nobody wants to be the one who is left holding it.
Risk Management: little pig eats a lot, big pig gets eaten. This statement tells the story of the market profits from our perspective. To be a profitable trader, you never look for the peak of the movement. You look for the small profits that will accumulate into a big one.