Wikicoin George Shnurenko

10 Ways That Blockchain Could Change Our Lives

📚 Wikicoin
Blockchain is being touted as the next disruptive technology after the Internet because of the benefits it offers.
10 Ways That Blockchain Could Change Our Lives

The emergence of a new technology often involves the deposition of an existing concept. Most times, the traditional technique is improved upon by a factor of 10 and this makes the technology appealing to investors and users alike.

Blockchain is one such revolutionary technology with the potential to drastically cause a worldwide paradigm shift. In this article, we will discuss what makes Blockchain truly radical and how Blockchain will change your life.

What makes Blockchain technology special?

When the Internet came about, it provided a means of connection for the whole world. The World Wide Web is one of the reasons for the rapid technological advancement we have enjoyed in such a short period of time. Facebook, Google, and other successful tech startups thrived as rapidly as the Internet did.

However, the only problem with the existing infrastructure is centralization. Our data is stored in a centralized hub which, albeit protected with sophisticated tech, is still prone to attack. Blockchain technology seeks to correct this anomaly by three inherent characteristics explained below.

  1.     Blockchain technology facilitates faster transfer speed

You must have heard about cryptocurrencies by now, especially Bitcoin. The processing time for the transactions on this network is roughly 10 minutes. Ethereum and Ripple are even faster, verifying and authenticating blocks of transaction in 30 seconds and five seconds respectively.

  1.    The Blockchain network is secure

For transactions involving a huge amount of money, trust and security are two prominent issues which should be addressed. Blockchain particularly solves the underlying problem by using a double-layer of authentication and verification for every transaction.

  1.     Blockchain allows for anonymity

In the past, several financial institutions were probed by the government for fraudulent activities which thrived based on the mode of operation. With Blockchain technology which has been utilized extensively in cryptocurrencies, transactions can be executed very easily without necessarily revealing your personal information.

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Now, it’s time to explore the different ways in which Blockchain will change the world according to research by renowned organizations.

Blockchain will facilitate easier banking payments

Regular users of Western Union or other payment solutions for sending funds across the sea will attest to the pains and rigors of this simple task. Blockchain will change your life by authenticating and allowing high volume transactions to go through in a very impressive and reassuring manner.

The advent of cryptocurrency has also promised to revolutionize the traditional banking system. Financial institutions are already employing decentralized technology for some of their operations with Ripple and Ethereum leading the pack. Without a doubt, the tech will be widely adopted in more countries and cryptocurrency will become a generally accepted medium of trade.

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Blockchain will enhance cyber security

It is very likely that you know a colleague or friend who fell victim to Internet fraudsters. Perhaps, you were a victim of their grand scheme. Do not fret, Blockchain technology will put an end to this. It minimizes the need for human interference or compromise using smart contracts and advanced cryptography concepts.

This means human error is reduced. Unauthorized changes or hacks are then limited. More so, unlike centralized servers which can easily be compromised or corrupted, Blockchain network is immune to any form of data attack.

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Blockchain will improve crowdfunding

According to statistics, we are steadily becoming an entrepreneurial economy, with the rate of birth of startups increasing by the day. Unfortunately, many businesses die even before their first year because of lack of funds. Blockchain will change the world with the solutions in place which support seamless crowdfunding.

Improved healthcare system

When we say Blockchain will change the world, we mean it will literally change it. Imagine a situation where you no longer need to carry your medical record around. Did you know that one of the leading causes of hospital deaths is due to wrong diagnosis as a result of misplaced or false information?

Now you know. Using Blockchain technology, a secure, centralized system which contains medical records, history and facts about every patient can be created. The improved layer of security will ensure that only authorized doctors have access to this privileged information.

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Better logistics for manufacturing companies

Businesses are often faced with the challenge of tracking the elements in the supply chain. Their major problem is in seeking ways to optimize the process of distribution. With Blockchain technology, businesses can monitor every move, identify inefficient methods and proffer better solutions.

In fact, IBM- one of the leading technology companies recently announced their collaboration with Nestle and Walmart to improve their supply chain using Blockchain.

Crypto will facilitate copyright protection

In the music industry today, piracy is the biggest plague. Many times, artists complain about losses being incurred as a result of inadequate protection rights and distribution of earnings.

When cryptocurrency is involved, users can access media content on the Blockchain network when they pay a particular fee. This fee makes them have access to enjoy the content but unable to share such content.

Now, entertainers can rest easy knowing that they will be adequately compensated for their troubles.

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Cryptocurrency will create more job opportunities

So far, we have thousands of cryptocurrencies in circulation. Slowly, cryptocurrencies are becoming the preferred means of payment and this is evident as several online stores are now accepting payments in Bitcoin, Ethereum and other altcoins.

Without a doubt, the market for cryptocurrency is in its early stage and it is expected to flourish further. To sustain this growth, we require crypto miners, traders, analysts, developers, programmers, etc. This will, in turn, create more opportunities and job demand in the future.

Improved voting technology

The scandal which accompanied the 2016 US presidential elections has ensconced fear and doubts in the heart of several citizens now and people are skeptical about voting. Blockchain technology is the Messiah with the capacity to turn the minds of people, making them see reasons to adopt an efficient system.

Unlike the digital voting system which is vulnerable to tampering, Blockchain will utilize a verifiable system which can be audited even after the process. This will also allow a system whereby the votes can be confirmed and time-stamped to be legitimate.

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Improved communication system

In over a decade, we have leaped from GPRS to 5G in communication. As impressive as this is, Blockchain, upon successful entrance into the communication infrastructure, aims to shadow the advancement recorded so far.

The impact of automated digital communication based on existing algorithms is enjoyed in some industries already. One of the early proponents of Bitcoin mining, Matt Peterson, has declared that Blockchain technology can change the world of communication by allowing authorized bi-directional communications.

Better energy market

The energy market is not left out of the party. With renewable energy enjoying widespread adoption with significant government backing.

The imminent challenge will be to create an effective system for managing the energy generated via renewable sources. A decentralized system will be the preferred solution for such a problem.

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Matter of time

Experts, pundits and critics have all lauded the ingenuity of Blockchain technology, especially the ability to impact several industries. Cryptocurrencies, especially Bitcoin and Ethereum signaled the paradigm shift in the financial industry and a host of several other markets.

The question is no longer whether Blockchain will change the world, it is only a matter of time.

Wikicoin
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🕵️‍ ICO Watch Eric Eissler

Past-ICO Review: Olympus Labs

👁 ICO Watch
Crypto Indices are growing in popularity, but this company’s token price is shrinking
Past-ICO Review: Olympus Labs

Crypto indices are garnering more attention and gaining more traction on the investment side of crypto. If you, as an investor can’t decide where to put your money for a crypto investment, then an index might be the best place. After all, many investors in traditional financial markets strongly believe in the index funds and so do many planning for retirement. Olympus labs is building a product that will allow investors to buy into indices, and maybe build their own (the wording is a bit fuzzy). In an interview with Forbes Magazine, CEO of Olympus Labs said,  “We have found that it can be hard for a crypto investor to find and invest in indices that are diversified and do well. [Author’s note: just for the record, the preceding sentence is not entirely clear: does he mean crypto indices or traditional ones] For those of us who are unsure how to invest in crypto, indices are the best way to track the market by buying into some which are either researched by professional managers or picked by industry experts you may trust.”

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Financials

Olympus Labs raised some $60 mln in a token sale that ended on Jan. 13, 2018. The token sale price was $2.18 for one MOT. However, it appears that some of the information is off because when checking CoinMarketCap, the token entered the market at $0.99 on Jan. 1, 2018 and shot up to a high of $3.05 on Jan. 9 just days before the ICO. After the ICO the price fell to $1.40 on Jan. 12 has been on a steady decline since then; currently sitting at $0.18 at the time of writing. Not a very impressive performance by any means. Market cap hovers around $7.5 mln and daily volume is close to $500,000.

Team

Kai Chen- CEO & Founder

Graduating from Yale and having an interest in investment lead Chen to work in banking and investment firms early on in his career, before founding Olympus Labs and another company.

Bharat Vishnubhotla- Head of Business Development

Vishnubhotla has a BA in business administration from USC. He previously worked at Accenture before coming to Olympus Labs.

Abel Bordonado Lillo- Full-Stack Developer

Has more than five years experience in web dev and gaming. He has worked on many other projects before coming to Olympus Labs.

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Boom to bust

Olympus Labs did a great job raising funds in its ICO but dropped the ball afterward. Checking out the numbers of followers on Telegram, they did not even crack 10,000. According to Twitter, there are more followers there, 34.7K to be exact, but generally in the cryptosphere to be legit you must have a lot of followers on Telegram to be taken seriously. According to the latest Tweet: Aug. 13, they are working on integrating with Bancor and are still developing the platform. Bancor was one of the biggest failures of 2017 and anything it touches turns to dust. With this info in mind, it would be safe to say that Olympus Labs are not going too far past the starting line.

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📈 Pricewise Daniel Osten

Bitcoin Price Nearly Reaches Previous High at $11,720 But Lacks Buyers Support

Pricewise
We don’t need no hesitation: the cryptocurrency market stagnates with no movement for the third day running.
Bitcoin Price Nearly Reaches Previous High at $11,720 But Lacks Buyers Support

By early Tuesday, the market continues to be riddled with indecision. Among the main assets, we see some slight corrective movement within the normal range of volatility. Total cryptocurrency market capitalization is $460 bln, and Bitcoin dominance, as we expected, continues to grow, reaching 41.8 percent.

During the day, Bitcoin price reached $11,720 at the peak, which is nearly equal to the value from Feb. 20, when bulls made the first attempt to break the downtrend. The market’s main problem remains the same- the lack of volumes.

Timid altcoins are unattractive for investors

We would love to be able to tell our readers that altcoins are finally living an independent life, but alas, it isn’t so, they are still huddling in the shadow of Bitcoin, and when it takes a step back, they run in fear. NEO is the leader of the anti-rating today, with a price decline of 6.5 percent.

The completed Ontology token airdrop continues to influence the asset, but the limit of suffering for long-term investors is close (more details in our analysis). NEO is followed by Stellar, paying for yesterday’s rapid growth with a decline of five percent.

The other assets in the top 10 show nearly identical losses around two to three percent. Cardano looks better than the rest of the market; it lost just one percent, even less than Bitcoin.

BTC/USD

On the underlying asset chart, we see the formation of a double top of the highest order. The first peak falls on Feb. 20, the second was yesterday. The inability of buyers not just to overcome the previous level of resistance, but even to reach it at all, should not be alarming in the context of the current market situation. On the contrary, a small correction will allow the price to approach the important level of $12,000 lightly, having dumped doubting passengers on the way up.

Bitcoin Price Nearly Reaches Previous High at $11,720 But Lacks Buyers Support

The falling of price slowed without reaching $11,100, where a large number of transactions  were made, this is a good sign. In case of continued decline, the next support will be at the $10,800 level, which is formed by the intersection of the parallel ascending channel and the 0.382 Fibonacci correction, as well as the boundary of the maximum volume accumulation for the period since the middle of January. Given this triple confirmation, even if the bears gather all remaining strength, the level is very likely to hold. In terms of continued growth (not “if,” but “when”), the targets described in yesterday’s price review remain pertinent- first $12,000, then the range $13,000-$13,300.

NEO/USD

Analyzing the NEO price chart, we conclude that the aforementioned limit of investors' suffering is at the level of $107- this is the minimum price reached in the course of the previous trading day. All other factors point to continued growth: the higher ($115) fair price for the two-month period, the proximity of the mirror support-resistance level, and the “hammer” candle combination which indicates a trend change.

Bitcoin Price Nearly Reaches Previous High at $11,720 But Lacks Buyers Support

Bitcoin price remains the only uncertain factor. However, even if it declines to the levels indicated above, the holders of NEO long positions have no cause for deep concern. Most likely, such a significant decrease was initiated by sales after the completion of the airdrop and everyone who wanted to get rid of the asset surplus has done so by now. If the turnaround is confirmed, the first growth target is at $125.

ADA/USD

Until now, Cardano wasn’t doing that well, globally, the asset is in a downtrend since the beginning of January. Moreover, now the price is only 10 percent higher compared to the minimum, reached during the February correction. However, where inexperienced traders see the negative, we urge our readers to look for opportunities! On the chart, we observe the formation of a descending triangle, with its lower boundary forming a support level which coincides with the "bottom of correction."

Bitcoin Price Nearly Reaches Previous High at $11,720 But Lacks Buyers Support

The fair price and the maximum trading volume are also placed higher than the current values, which means that the asset has good prerequisites for growth. To our readers, we recommend one of two options for building long positions: either from the support level ($0.26) or in case of a breakthrough the top boundary of the triangle. The nearest targets for growth are the levels of $0.37 and $0.44. The first coincides with the 0.618 Fibonacci extension, the second- with the mirror level.

📈 Pricewise
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🎓 Trading Guide Andrew Strogoff

How to Trade Cryptocurrencies

Trading Guide
Eight steps to start cryptocurrency trading and how to avoid common mistakes
How to Trade Cryptocurrencies
Contents

Almost everyone has heard about Bitcoin, altcoins and the opportunities that they offer not only to those, who own them but also to those, who speculate or invest in cryptocurrencies. The number of traders is growing every day and the beginners want to know how to trade cryptocurrencies and to earn money in this industry. We have decided to create a guide for crypto traders with a step-by-step explanation of how to begin and what to do.

Step 1. Find an exchange

Ethereum752_CCN_12.14.2017

The first thing every trader has to do before starting his or her career is to choose a place where to place orders (to buy and to sell cryptocurrencies). There are several exchanges nowadays offering services to different types of investors.

How to find a good one? We are going to write a separate guide, but here we give you some key points. What aspects are important to pay attention to before creating an account? They are the following:

  1. Reputation of an exchange. When you find one, look for more information about its activities and reputation. Read traders’ testimonials. However, do not forget, that those testimonials may be bought by exchange or its competitors.

  2. Security level. Early exchanges like MT.GOX and the others had very poor security levels allowing hackers to breach their systems and to stole traders’ money. Nowadays many websites use hot and cold wallets, multisig and other serious methods to ensure the safety of investors’ funds.

  3. Trading conditions. This is an important factor as exchanges offer different commission plans for depositing and withdrawals, as well as for inner trading transactions. Some websites have no inner commissions at all (like Cobinhood, for example).

  4. Depositing and withdrawal methods. There are two main types of exchanges. First offers Bitcoin, Ethereum and several popular coins along with fiat money. You can use banking cards and some electronic payment methods to deposit and withdraw from there. Second offers hundreds of altcoins, but as for depositing and withdrawal, you can use cryptocurrencies only.

  5. Trading platform. Some websites offer Tradingview platforms with different types of analysis tools like indicators, lines, channels, Fibo and the others. On the other hand, some exchanges offer simple and primitive trading terminals with Japanese candlesticks and timeframes. There are no analysis tools there.

  6. Order types. Professional investors prefer websites with different types of orders including limit, stop losses, take profits and the others.

  7. Verification procedure. Privacy is the key advantage of the crypto industry. However, the majority of exchanges require verification.

Recommendation:

Before you take the final decision to start trading with one or another website, try to contact their support service. Pay attention to how fast and complete the answers are.

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Step 2. Create an account

When the first step is done, meaning you have found an appropriate exchange, your next step is to create an account. Almost all exchanges have a simple sign up procedure. You need to create a login, provide an email address and a password.

Registering procedure comprises email confirmation. Some websites recommend installing two-factor authentication in order to increase account safety level.

Recommendation:

You may be asked to complete the account verification procedure in order to remove the restrictions. We strongly recommend providing the exchange with correct personal data as you will be required to send your ID documents scan copy.

Step 3. Choose your coins

Choose your coins

Bitcoin is not the only one nowadays. There are hundreds of different altcoins that you may invest in or speculate on. Professional traders advice to choose a couple of coins to start. The wide range of cryptos is good for diversification. However, beginners are recommended learning more about each asset they are going to buy, especially when they are going to invest. Why is this necessary?

First, when you plan to buy a cryptocurrency in order to hold it for a long time, you need to understand what is behind its price. Every coin is not simply a currency, but a project using some technology and offering some benefits to the users.

Ethereum, e.g., is a platform for developing decentralized applications and smart contracts. The last serve to conduct any kind of business without intermediaries. Monero is a secure and untraceable cryptocurrency, allowing users to conduct transactions with a high level of anonymity.

In order to understand whether it is a good idea to invest in this or that coin, you need to analyze whether it is promising or not. Every project has its own website and whitepaper, which are a kind of a presentation. Moreover, you can find detailed coins’ reviews on our website, which facilitates forecasting procedure.

Second, you need to compare the price of the chosen cryptocurrency with its perspectives with regard to its technology. Some coins may grow for no apparent reasons. There are risks of a pump & dump manipulations in this case. Such cryptocurrency is not for long-term investors as once manipulators reach their goals, they will dump coin and its price is likely to fall towards the initial levels (before the pump and dump strategy was launched).

As for traders who speculate on coins in short term, they also need to learn more information about the cryptocurrencies they are going to trade. However, as they buy and sell currencies within a couple of hours or days, they are better to pay more attention to technical analysis.

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Step 4. Choose your amount to invest

Before you can start trading cryptocurrencies, you need to deposit some amount of money to your trading account. How much money to invest?

It makes sense to deposit as much as you can in order to earn higher profits. However, cryptocurrency trading is risky as any other type of speculations and investments. You may have significant profits there but also lose all your money (or part of your investments).

How to choose the right amount? There are several pieces of advice. Let’s go through some of them:

  1. The easiest way to determine how much money to invest is to understand how much money you can lose without any psychological consequences. The more money you put into your trading account initially, the more you will be under psychological pressure.

  2. Determine your trading goals. Sometimes it helps traders to understand how much to deposit.

  3. Never take loans or make debts to increase the amount of your trading account. Otherwise, you risk losing not only your money but also borrowed funds that you will need to repay later.

  4. Another advice is to avoid taking money from family’s budget. Trading funds should be free of any obligations.

Step 5. Analyze charts and events

Analyze charts and events

Before you take any trading or investing decisions, take a look at the charts in order to forecast prices. There are several tools that you can use in order to understand whether to buy or to sell a coin. You need to have a strategy, which will give you nearly exact entry points.

Is it enough to simply analyze charts? Naturally, you need to combine technical analysis with fundamental forecasting method. It is better to keep your ears open as technical analysis can’t show you the drivers that make prices go in this or that direction.

When you know the reason for fluctuations and trends, you have an important information that may help you not only to forecast future directions but also to understand their lifespan.

Let’s see South Korea bans crypto exchanges. What will happen next? Bitcoin and altcoins will probably suffer significant losses as South Koreans will eventually get rid of cryptos. This decision will also be a sign of another serious cryptocurrency crisis as coins will lose their credit among newcomers.

This is just an example of exchanges work in South Korea with no limitations in the moment of writing and it is unlikely they will be closed or banned in future. However, this example is a good one as it shows how the situation may change in case of similar events.

Is it possible to trade without any analysis? If you want to exchange one crypto on another in order to use coins to buy something or for other purposes, you may skip analysis as you need crypto in the moment of buying and you will not wait until it becomes cheaper to buy or more expensive to sell.

However, if you want to make a profit by buying one coin and selling another, analysis is the key factor of success as you need to forecast future prices.

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Step 6. Diversification

No matter what you are going to do– investing or trading, diversification is the key to successful market operations. What does it mean “to diversify”? When you buy one coin, you risk losing all your investments or a part of your funds in case if the price of this crypto falls down. When you buy several coins simultaneously, those risks are distributed between all your portfolio.

In case all coins fall down, you will lose all your investments or a part of your funds. However, if several coins hold their positions and even grow at the same time when the others fall down, you have a chance not only to save your money but even to make profits.

Diversification is rather hard as you need not only to buy different assets but look for the currency pairs that have no correlation (or minimum correlation). Otherwise, there is no sense in such activity. Let’s say you buy some amount of Bitcoin and Litecoin, two currencies that have almost 100 percent correlation meaning BTC and LTC have the same trends. When Bitcoin goes upwards, Litecoin follows it and vice versa, when BTC/USD falls down, LTC/USD does the same.

It makes no sense to buy both currencies to create a portfolio as they go in one direction in the majority of cases. Therefore, you need to find such cryptos that have no connection between each other.

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Step 7. How much to invest in a single position

Before you place an order, you need to calculate you single position amount. Many beginners having no skills or experience in cryptocurrency trading, put all their money into trading. Let’s say they have $1,000; they buy Bitcoin for $1,000 leaving no money in reserve.

This is a very poor money management strategy as when you invest all your funds in one single position, you leave no reserve behind you. If there is other interesting opportunity, you will have no money to open position.

It is better to trade using less than 5% of all your funds as this strategy reduces risks. Additionally, you have a reserve, which may be used later when other trading opportunities arise. Let’s say you have deposited $2,000 to your trading account. The amount of a single investment may be $100 in this case.

Why is it necessary to follow money management rules? They make a trader more disciplined and help to protect an investor from higher risks. Money management is a very important point, which is described in one of our next lessons.

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Step 8. Choose your order type

Several exchanges offer different types of orders nowadays. In addition to market orders, you may use the following types:

  1. Limit Order.

  2. Stop Market.

  3. Stop Limit Order.

  4. Trailing Stop.

  5. Fill or Kill.

  6. One Cancels Other.

Let’s describe all of them. Market order is the simplest way of cryptocurrency trading as you buy an asset at its current market price. Let’s say you want to buy Bitcoin. Its current price is $8,000. This price meets your requirements and you place market order. The system automatically matches orders and the transaction is conducted instantly.

Limit orders are executed at the desired or better price. This one is a bit harder as you need to forecast not only the market but whether the price is going to reach your Limit Order level as well (otherwise, you will not be able to open a position).

How does it work? Let’s say, Bitcoin price is $8,500. You want to buy BTC/USD but think that its price will fall down towards $8,000 before going higher. You can place a Limit Order in this case at $8,000 in order to “catch” the best possible price.

What will be next? Let’s see BTC/USD’s price falls down to $8,000. You Limit Order is executed and you are in the market. In case if the price falls to fall down to $8,000, your Limit Order will be suspended until the price touches the level.

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Stop Limit Orders are used when the market volatility is high. Let’s assume you want to buy BTC/USD. The price currently is at $8,000. You think that Bitcoin is able to fall significantly during the next fork. However, you don’t want to sell it now as it has perspectives to grow as well. What to do next?

You may place Stop Limit Order at $7,000 for example. If the price reaches this level, Stop Limit Order will become a simple Limit Order (sell). The same thing for situations when the price goes upwards. You can place an appropriate Stop Limit Order to buy an asset if the price starts an uptrend.

Those Stop Limit Orders are especially useful in situations when you work with levels meaning you think that BTC/USD will break through the next resistance level for instance. However, there is no entry point currently. You want to open a position only when the price jumps over the resistance line. You need to place a Stop Limit Order above this level.

Stop Loss Order is designed to reduce traders’ risks. When you place it at a certain level, you want your position to be automatically closed there. Stop Loss Orders are tools of risk management. Let’s assume you have placed a BTC/USD buy order at $8,000 meaning you think the currency pair is going to grow. In order to protect your position, you place also a Stop Loss Order at $7,500. If the price goes downwards and reaches $7,500, your position will be closed automatically. You lose $500 in this case, but if the price continues to fall down, your Stop Loss Order prevents you from further losses.

Trailing Stops is a kind of Stop Loss Order. It varies from standard SL as it will follow the price at a certain set distance once placed.

Fill or Kill is a Limit Order, which his to be completely done or canceled.

OCO (One cancels Other) allows placing a couple of orders. If one of them is done, another cancels automatically.

Conclusion

We have described the main steps of cryptocurrency trading. They are very important as trading success comprises many aspects including the right choice of exchange, analysis, rules of money and risk management.

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Darryn Pollock

EOS Mainnet Network Freeze Points to Bigger Problems on the Horizon

EOS’s mainnet launch was stymied over the weekend as the network simply froze, this indicates that there could be a lot more issues at play
EOS Mainnet Network Freeze Points to Bigger Problems on the Horizon

EOS has garnered a pretty big reputation since its $4 bln ICO which was the largest in history, however, with its growth and move to the new mainnet, a major glitch occured showing a few big cracks in the facade that is EOS’s entire so-called decentralized system.

The mainnet suffered a glitch which saw it freeze over the weekend, which paused the Blockchain and stopped all transactions.

This has seen many either slate, question or mock EOS for such a calamitous fault, but it has also led to many issues that need addressing about a company which is meant to be a success story of ICOs.

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The big freeze

The freeze of the EOS network was announced by the development team who were alerted to a bug on the network. A few hours later, the development posted an update that the problem had been identified. Block.one, the creator of EOS, was able to develop a software patch for the bug.

The problem was a bug in the code that controlled how deferred transactions were handled. The disruption has not really affected the price, upon the news of the freeze, EOS token prices fell about five percent.

This move to the mainnet and the lead up to this switch has been greatly anticipated as EOS price has seen some big spikes in the past few weeks around such news.

Additional issues

This latest freeze is another compounding issue as the mainnet continues to stumble around its launch.  Voting has been other issues affecting the company. It was necessary for 15 percent of the EOS community to vote Block producers, but the voting was slow with it only reaching just past three percent last week.

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EOS Voting Continues, But Not Enough to Launch the Mainnet- Big Wallets Withhold From Participating

Questions of decentralization

There have been questions put forward on the level of decentralization of EOS as research shows that 50 percent of the tokens belong to the top 10 wallets. This makes things complicated, especially with the need for voting to advance the mainnet.

Basically, the necessary voting could all be done by big wallets within minutes, and their owners could choose the Block Producers they want. However, it is not happening.

Among the  Block Producers candidates there is one that remains anonymous and some most active members of the community are warning against voting for this candidate until it identifies itself.

Shitcoin

The crypto community has not reacted well to the way in which EOS has gone about its business with the mainnet move. The freeze, and the supposed-decentralized nature of the project, has led many to question if EOS is even a viable cryptocurrency.

 

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Yuri Molchan

Crypto News App: Reliable Mobile Guide to Crypto Market

Crypto News is a mobile app that brings together news and updates from Web platforms, dividing the data in categories related to specific coins
Crypto News App: Reliable Mobile Guide to Crypto Market

Since the crypto market is quite a volatile thing, and has been all throughout the year, investors and traders desperately need a reliable source of data regarding movements in the crypto market. They also require in general any recent and crucial information on particular coins to see the best way to use their money.

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Numerous developers are competing in producing a high-quality app or a platform to provide the necessary data to the new generation of techie investors and traders. One of the sources from which the interested parties can obtain the information they need, including news, analytics and other materials, is the recently emerged Crypto News App.

Among all other useful and reliable data, U.Today news and stories can also be found in their news feed.

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What the app does

As many other aggregators, Crypto News App offers news updates on the crypto market. The app also covers the blockchain industry, offering data on the most recent and important events, news, etc. Unlike its rivals like Coindesk app or StockTwits, Crypto News App provides specific information on particular coins and even relevant videos from YouTube.

Among the options that its users are offered are these:

  • News and updates from numerous channels,

  • Videos from top YouTube crypto channels,

  • An option to share articles via email, Facebook or Whatsapp,

  • Adjustable view of the news feed,

  • Adjustable user interface.

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The app also offers sections with interviews on ICOs, Blockchain and Fintech industry, as well as a section on altcoins, and a section that covers legal aspects of the crypto field and current or upcoming regulations, which is important these days. Separately stands the link to CoinMarketCap. A special feature allows you to remove updates on selected categories or add other news sources.

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However, intrusive ads keep popping up from time to time, covering the whole screen. This makes the app a little inconvenient to use. Otherwise, it is one of most useful news aggregators for everyone who cares about crypto market.

Crypto News App is available on Android.

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