Wikicoin Vera Thornpike

A Day and Night Difference or Nothing Special? Ethereum Futures Are Coming Soon

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The Chicago Board Options Exchange has announced that it would soon launch Ethereum futures on the Gemini platform
A Day and Night Difference or Nothing Special? Ethereum Futures Are Coming Soon
Contents

The implementation of Ethereum futures is on the horizon: the CBOE will launch them a year after Bitcoin futures offering. How will it affect Ethereum’s value?

It’s been less than a year since the first futures contracts with Bitcoin were concluded, and Ethereum might be the second cryptocurrency to be included in regulated futures exchanges. This is going to be possible thanks to the CBOE (Chicago Board Options Exchange), the platform that launched Bitcoin futures in December 2017, who is anticipating the approval of the Commodities Futures Trading Commission (CFTC) in order to introduce Ethereum options in December 2018. What does it mean for the cryptocurrency market, and what changes can we witness afterward?

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The future of Ethereum: general predictions

At the moment, we’re facing a serious Ethereum fall: its price has nosedived to $203, and it doesn’t seem like Ethereum’s value is going to be growing in the nearest future. However, it’s not the time yet to be writing Ethereum’s eulogy: its team is set to give Ethereum a boost by introducing a Proof-of-Stake protocol. Vitalik Buterin promises to make Casper technology more user-friendly with the following Proof-of-stake advantages at hand:

  • It’s more energy-efficient.

  • It’s even more decentralized.

  • It offers better financial scalability.

Vitalik Buterin also notes that both PoS and PoW can be united. Better availability and more advanced dApps may also drive ETH future price growth.

Proof-of-work and Proof-of-stake protocol differences

What does Ether news say?

It is said that the ETH contracts from CBOE will be based on the Gemini cryptocurrency exchange market, which is already used for Bitcoin futures. In June 2018, the United States Securities and Exchange Commission (SEC) formally declared that Ethereum is not classified as a security, which paved the way for futures ETH contracts.

“We are pleased with the SEC’s decision to provide clarity with respect to current Ether transactions. This announcement clears a key stumbling block for Ether futures, the case for which we’ve been considering since we launched the first Bitcoin futures in December 2017.”

CBOE president Chris Concannon.

Since there’s a high demand for Ethereum, futures launching is a justified decision. Besides, the CBOE possesses the product design layout and ready structure left from Bitcoin futures, so this time, the task will be easier. It’s not clear when exactly the Ethereum futures will be available to the world: the CBOE is expected to provide an exact date a little ways down the road. But what outcomes will it lead to?

It is believed that launching ETH futures on the US-regulated exchange market will trigger a wider trading in the crypto world and an unprecedented rise of institutional interest. The crypto futures products will allow traders to get outside the frames of exchange platforms.

Some specialists claim that mainstream adoption of crypto futures will influence the future price of Ethereum. As soon as CBOE triggers the process, other institutions won’t be harnessed even by growing cryptocurrency prices. For example, the Wall Street is already trying to establish the bridge to the crypto market knowing that the launching of Ethereum futures will be a great catalyst for cryptocurrency adoption.

“Crypto prices are correlated strongly with each other. So anything that’s good for Ethereum should be good for Bitcoin and vice versa. So far, the futures volumes on Bitcoin have been relatively small and insignificant to the rest of the market, but as interest from institutional investors changes, we should be seeing higher volumes and new ways to trade them.”

Mati Greenspan, market analyst.

But while Greenspan’s predictions are quite positive, some experts’ opinions are contrary to this assertion. For example, Phillip Nunn, CEO of Wealth Chain Capital, says there’s a possibility that bears can start shorting Ether, which may have negative consequences for the companies that establish Ethereum-based ICOs. Since the Ethereum market cap is lower than that of Bitcoin, it can dip under $150 or even $100. So, if an ICO that has gathered funds in Ethereum suddenly loses 50% of its market cap, it will trigger the panic sell to BTC or fiat currencies by these companies who will surely want to protect their own interests.

The coin has two sides

What is bad for Ethereum may be good for Bitcoin. Tom Lee, the managing partner at Fundstrat Global Advisors, is certain that Ether futures will take a negative toll on the market. Making an analogy with Bitcoin futures, he claims that Ether $203.411 +0.01% may follow the same development path. But what underlies this assertion? Lee is basing his predictions on the way futures asset trading is organized: traders can bet on the price fluctuations without having to own the currency. Therefore, bears will have the opportunity to short Ether. That will consequently relieve pressure on Bitcoin.

However, it should be noted that:

  • Bitcoin futures are cash-settled, e.g. the underlying asset isn’t transferred.

  • Futures market accounts for a minor chunk of cryptocurrency supply.

Therefore, Bitcoin futures do not have much direct impact on Bitcoin’s value, which, in turn, means Ethereum’s price is unlikely to be conditioned by its futures release either.

So, what will happen to Ethereum next, and how will it affect crypto development?

Innovation

Consequences

Proof of Stake Validation

Faster transaction speed

Lower fees

Widespread Ethereum adoption

Active development of dApps

The popularization of Ethereum Blockchain

Availability of Ether in stores

Ethereum becomes an international currency for international transactions

Ether discount instead of massive adoption

Creation of an Ethereum-based social network

Tokens can be used in the social network to pay for media, time spent, etc.

What is ETH future price prediction?

In fact, it’s hard to make any exact predictions. The price of Ethereum is more likely to be conditioned by US dollar fluctuations and an increase or decrease in ICO token utility. The future of Ethereum is still in the hands of individual traders as Ethereum futures are not what influences the price.

Ethereum price predictions 2018

Bottom Line

Meanwhile, the introduction of Ethereum futures is around the corner: the CBOE should make an announcement soon. Ethereum will definitely continue to evolve; this is an essential smart contract for dApp development which provides the whole gamut of useful tools. This Blockchain boasts legitimacy, technical supremacy, and high flexibility. As soon as the new technological advances of Ethereum get leveraged by businesses and go public, the currency will rise in value. Investors are recommended to trim the sails to the wind and bet on it, even if it stays on the current course.

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10 Cryptocurrency Security Tips How to Keep Your Cryptocurrency Safe

📚 Wikicoin
Crypto adoption has led to an increase in theft of digital assets. These security tips show you how to be safe
10 Cryptocurrency Security Tips How to Keep Your Cryptocurrency Safe
Contents

 

The widespread acceptance of cryptocurrency as a standard means of exchange is increasing daily. This was confirmed when Coinbase and Blockchain.com, two renowned cryptocurrency exchanges, reported about two mln and 1.8 mln new users respectively within 60 days. While cryptocurrency enthusiasts might rejoice at this revelation, the question of “how to keep your cryptocurrency safe” is fast becoming a cause for concern.

The extent of cryptocurrency security threats

According to several reports on cryptocurrency security, about nine mln dollars is lost daily to scams. A more recent report showed that a 12.75 mln dollars investment in cryptocurrency by Australians was a scam. These developments put the magnitude of fraud to be about four times worse than it was last year and it shows no sign of slowing down, hence, the need for an effective cryptocurrency security guide.

Financial analysts are propounding theories, albeit unfounded, of how cryptocurrency would not weather the storm. However, techniques abound on how to keep your cryptocurrency safe. This article explains the various cryptocurrency security tips which will ensure your digital assets are safe.

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What are the popular cryptocurrency security risks?

Many new investors might find some of these terms puzzling, however, in a short while, it’ll become mundane lingo. What are the security risks you might face?

  1. Phone-porting attack- This is a phenomenon whereby criminals join social media discussions for crypto-users and then monitor the emails and phone numbers being revealed. When they get this information, they use social engineering techniques to gain ownership of the phone number or email address, log in to the user’s account or wallet and then empty it.

  2. Phishing attacks- They should be easy to detect for a trained eye and it isn’t really a preferred method of cryptocurrency theft, however, when it comes to cryptocurrency security tips, every threat is considered important. Here, the perpetrators pose as reputable financial companies to trick unsuspecting users into giving up their digital wallet login details.

  3. Ponzi schemes- Human wants are inherently insatiable and these criminals leverage this knowledge to trick users into losing huge sums of money. Most times, the victims of Ponzi schemes disregard every cryptocurrency security guide and choose to fall prey.

Amidst these stern-looking and dangerous-sounding cryptocurrency security threats, how to keep your cryptocurrency safe becomes a prevalent issue which can only be resolved using a combination of skill, fastidiousness and experience.

10 Cryptocurrency security tips

Cryptocurrencies are underpinned by a decentralized technology. This conveniently eliminates the unscrupulous middle-men, banks, or any form of centralized agency which can easily be attacked. However, the bulk of securing your digital assets rests on your shoulder.

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Here are 10 cryptocurrency tips you should abide by if you don’t want to be a victim.

  1. Backups are important- Having a backup is the ultimate way of saying “I know that anything can happen, I won’t allow that cause me loss.” The pain you feel when you work on a project and then your laptop gets stolen before you can submit it is incomparable to what you experience when you lose $5,000 in cryptocurrency. The ultimate cryptocurrency security guide is to have a backup, simple.

  2. Encrypt your sensitive data- Linux users, perhaps, already know this tip and they have been enjoying it or years now. On Windows and Mac though, it’s not so easy to implement. Tools like VeraCrypt and FileCrypt aid in encrypting your drives and wallet, saving you from any loss.

  3. Use a core wallet- These are designed or cold storage and are touted for their stability and flexibility. Although for daily transactions, they are not preferred due to the slow, clunky and rigorous mode of operation. This, in itself, is an advantage as it will make theft incredibly hard to perpetrate.

  4. Only use secure networks- These crypto-robbers are smart. Their intelligence, coupled with high-speed computing facilities renders even those who come up with cryptocurrency security tips helpless. You are making their job easier for them when you use multiple networks for surfing or public Wi-Fi.

  5. Go the extra mile with passwords- “Password1234” and “myPassword” used to be really cool when signing up on Twitter, Facebook and other social media platforms. However, when your money is involved, you need to ditch creativity and be more security conscious.

  6. Abstain from mobile wallets- This is one of the cryptocurrency security tips that people have to learn on their own- after unfortunate experiences. It is incredibly easy to lose access to your phone, get ambushed or even get hacked and you’ll be forced to relinquish the little funds you have in the wallet.

  7. Third-party cryptocurrency security is recommended- There are few companies out there leading the campaign of cryptocurrency security and they provide hardware wallets for you to store your assets. They are also equipped with multilayer security and double authentication systems.
    This begs the question of how security is guaranteed using anything third-party. You also need to play it safe, watch out for phony companies who are out to steal your information.

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  8. You need strong protective doors, not breakable windows- Pardon the pun but this is an important cryptocurrency security guide to adhere to. Windows offers beautiful GUIs, simple installation process, and ubiquity. However, the vulnerability is just too great to ignore. For people who have significant investments in digital assets, their cryptocurrency security tip will be to install Linux.

  9. Be discreet with your personal information- Why should you go about broadcasting the amount you have in your wallet or other sensitive details about your account? Why?

  10. As much as you can, do not divulge any piece of information which can be used to access your personal information- pins, phone numbers, email addresses, passwords, etc. Even if the hackers are going to attempt phishing, make their job extremely hard to execute.
    Avoid suspicious transactions- Ponzi schemes, ransomware and other security threats are not things to joke about. If you do not have a good feeling about that transaction, do not be afraid to pull the plug. The worst that can happen is that you miss out on the “juicy offer” being advertised, at least you have your hard-earned cryptocurrency safe.

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The ultimate cryptocurrency security guide

Even though you had fun reading this article, the most important step you can take to keep your coins safe is to follow these tips religiously. It is very easy to forget some of these and the consequence is disastrous. When you make up your mind to follow these suggestions, you can relax, knowing fully well that you’re immune to their ploys. 

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Will Mining Cryptocurrency Damage My GPU?

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Efficient mining requires permanently running GPUs at full power, so miners are obviously curious whether it can damage the card’s performance
Will Mining Cryptocurrency Damage My GPU?
Contents

Despite the rising popularity of ASIC chips, which even managed to elbow Nvidia out of the crypto market, GPU mining remains fairly popular, especially with regard to altcoins. However, there are still many doubts about whether mining puts a graphics card at risk.

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image
There is a common belief that hardware becomes disposable after a certain period of time. However, there is no evidence to prove that long-term use at full load will affect the lifespan of a graphics card. GPUs are usually replaced because they are no longer efficient.

Does mining damage your GPU? Short answer– no, but only if you use it properly. Some miners tend to run graphics cards at full power without proper ventilation, especially when it comes to large mining rigs. Eventually, it leads to overheating. Among other things that can damage the card one can mention overclocking and physical damage. Therefore, it is important to understand how to prolong the life of your graphics card.   

Dealing with heat


High temperature temps to be the main GPU killer, so it is important to know how to avoid overheating. GPUs normally have a high level of heat tolerance, reaching 80C range or even higher, but we still recommend you to constantly check the temperature of your graphics cards in order to see how hot it gets.

Here’s a table that vividly shows what mining temperature you should stick to (beware of the fact that different GPUs still have different safe ranges).
 

Temperature range

Exposure

30C - 49C

You miner must not be working!

50C - 59C

Either your GPU is still not working or you need to do some overclocking.

60C - 69C

GPU is running at a normal temperature.

70C - 75C

This is usually the most optimal solution.

75C - 79C

Such a temperature range is still ok-ish for the majority of GPUs.

80C - 89C

You are now entering a danger zone. As mentioned above, some graphics cards can handle this, but it may cause a damage to your PC.

90C

Anything above this point will almost definitely cause a damage to your GPU, so don’t be surprised if you can suddenly smell burning plastic.     


Fans can be a problem
It’s advisable to replace your mining fans that are usually running at the same rate since they are the only GPU component that tends to wear out pretty quick. If fans stop functioning properly, other GPU components are at risk as well.   

Make sure that fans cool your power components– even if you keep the overall GPU temperature low, the overheating of power components will lead to a disastrous outcome.
 

What damage does mining cause your GPU?

Running your GPU at high temperatures (in the 90C range) for a prolonged period of time can definitely affect the lifespan of the some of the card’s components. However, MOSFET, along with other VRM components, can handle incredibly high temperatures (up to 120C).   

If you do not want to bother with fans, you can also consider liquid cooling as a proper replacement.  
 

Other ways to damage your GPU  


Does Bitcoin mining damage your GPU? Plugging in a smaller gauge wire can actually cause an overdraw, which can potentially lead to the burning out of GPU. Even though this scenario is highly unlikely, there have been some cases when thermal throttling simply didn’t work.  If you do not want your card to burn up, we also recommend lowering your power target.
image
(Photo: Shutterstock)

Overclocking is an essential part of mining crypto. The good thing is that it cannot actually damage modern GPUs, since it has an inbuilt protection mechanism that shuts down the card every time you get the setting wrong. You have to actually try very hard in order to cause any physical damage to your card by overclocking since it doesn’t have even remotely the same impact on power draw and temperature as CPU clock.
 

Buying a used GPU miner


As the price of crypto is falling and GPU mining becomes less profitable, there is an obvious question whether you should buy a used miner. Due to the fact that many miners sell off their graphics cards, their prices are quite reasonable.

If you buy a used miner, you have to choose a safe marketplace for these purposes. Both Amazon and eBay protect buyers from potential scams. There are plenty of miners out there who want to pass off burned out graphics cards as good. If the used GPU turns out to be broken, you can still get a refund and write a negative review.
image
On top of that, make sure to check:

  • the brand of the card;

  • the warranty;

  • the company’s return policy.
     

Conclusion
 

So, how much damage does GPU mining cause your graphics card? As you can see, very little. However, you have to avoid high temperatures and make sure that you have proper power supply- there are the main precautionary measures to make sure that your GPU miner will be working seamlessly for years. In general, heat is the main concern when it comes to shortening your graphics card’s lifespan.  

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What is a Decentralized Exchange?

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Remaining anonymous and still using an exchange is possible with a DEX, but there are downfalls
What is a Decentralized Exchange?
Contents

In an era of decentralization made possible with the advent of Blockchain technology, we are seeing many everyday things that we use start to shift from centralized to decentralized forms. Bitcoin is the best example of this as it is a currency that does not have a central issuer, instead it is controlled by all the millions of miner nodes on the network. There is no central authority figure who is controlling it all. So how can decentralization translate to an exchange? Sure there are crypto exchanges, such as Coinbase, Gemini, Bittrex, etc., but these exchanges are still centralized.

The decentralized exchange

A decentralized exchange (DEX) is an exchange market that does not rely on a third party service to hold the customer's funds, such as Coinbase. Instead, trades occur directly between users in a p2p network through an automated process. This system is created by making proxy tokens, which are crypto assets that represent a certain fiat or cryptocurrency. Another way to do this is to use assets, which can represent shares in a company for example, or through a decentralized multi-signature escrow system, among other solutions that are currently in development.

This system contrasts with the current centralized model in which users deposit their funds and the exchange issues an IOU that can be freely traded on the platform. When a user asks to withdraw his funds, these are converted back into the cryptocurrency they represent and sent to their owner.

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Operational DEXs to check out

Key differences between centralized and decentralized exchanges

Anonymity

Decentralized cryptocurrency exchange platforms are all about anonymity. Consider them to be the distributed Blockchain-equivalent of centralized exchanges.

Government regulations that have entered into force has led to the adherence to strict identification laws. It is difficult to trade anonymously on a centralized cryptocurrency exchange platform. Just recently Coinbase forced all its users to add addresses, social security numbers and identity documents, if customers want to continue using the exchange’s services. Who knows what kind of government reporting Coinbase will be forced to do come tax time in early 2019.

Authentication

There is no need to rely on a third-party intermediary for user authentication. With smart contracts in place and a number of Blockchain protocol implementations, the entire system is built to provide trust-less authentication and authorization of crypto exchange transactions. The system is designed to run on it with the smart contacts enforcing the policy of the exchange and ensuring that users can’t double spend and that they are getting promised payments. The third-party authenticator is removed from the equation.

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Benefits of decentralized cryptocurrency exchanges

Funds controlled by users

A decentralized exchange is owned and controlled by all the participants so there is no central authority that has custody of deposits. The control of the money is always in the hands of the customer since the network uses a p2p network. Smart contracts regulate and ensure the proper execution of trades and payments, which occur between users in the network. Additionally, users control their private keys as well as their funds at all times in a decentralized exchange. There are no issues between the exchange authority and the user so some issue, such as lost funds surface.

Transactions: quicker, cheaper

Potential to provide a platform that facilitates faster, cheaper and more cost-effective crypto exchange/trading transactions than centralized exchanges. The removal of the third-party authenticator drastically reduces fees and lag time before buy/sell orders are processed.

Hacks and server downtime mitigated

A decentralized exchange is far less susceptible to attacks than centralized exchanges. There have been many high-profile hacks on major centralized crypto exchange platforms that demonstrate just how susceptible centralized exchanges are to cyber attacks. decentralized exchanges have no single point of entry, akin to a Blockchain. As such, a hacker will need to compromise more than half of the network to be able to commandeer the system. If only one node is taken offline, the entire network is not compromised.

Hardware wallets are easily integrated

Many decentralized exchanges offer smooth integration with hardware wallets, which ensures a much safer transaction. Users can send tokens directly from their hardware wallets to smart contracts on many decentralized exchanges. In centralized exchanges, conversely, this is not possible because users must manually enter private keys to move coins from hardware wallets to centralized exchanges. This opens the transaction to phishing as well as keylogging and stealing keys and passwords.

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Drawbacks of decentralized cryptocurrency exchanges

While it sounds like a decentralized exchange is the panacea for all the ills of the centralized exchanges, we are not there quite yet as these exchanges are still very green and not geared towards a novice user.

Advanced users

Centralized exchanges have easy to understand tabs and buttons on their websites, whereas many decentralized Bitcoin exchanges have a confusing exchange dashboard that takes some getting used to. These are not for the beginner, and since many people in the cryptosphere are new users, they are going to be left out, until the technology simplifies.

Basic trading only

As of now most decentralized exchanges only support the basic cryptocurrency exchange functions: buy and sell. Many of the advanced trading features such as margin trading, stop- loss trading, etc. is one of the reasons why decentralized exchanges have not achieved much popularity in the larger cryptocurrency trading environment. However, as with any technology, we can anticipate that these features will be arriving in due course.

No crypto/fiat trades

The DEXs out there do not have the ability to trade fiat at the moment which requires there to be crypto in the bank already, or the possibility to move it through another centralized exchange, which kind of defeats the purpose of using a DEX if you must pass through a centralized exchange first.

Low liquidity

Since exchanges are not so popular with the masses, that means they have low volumes and low liquidity. This can be a big problem if there is massive sell order that is executed and all the funds dry up. Users are going to be stuck trying to make withdraws until some buy orders come across the transom.  

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Three benefits to decentralized exchanges

  • The user controls his/her funds

  • The user remains anonymous

  • Hacks are mitigated due to decentralized nature, an exchange cannot go down

Three negatives to centralized exchanges

  • The user does not control his/her funds, the exchange does

  • The user cannot remain anonymous, they must submit to providing ID

  • Hack and server downtime can bring down the entire exchange

The future is here!

While DEXs offer potential, they are in the beginning stages and won’t be a major competition for traditional exchanges just yet. However, are more trading tools and feature are added along with the ability to buy and sell fiat, then watch out! Traditional exchanges are going to have some major competition to contend with.  

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Binance Coin Price Prediction- How Far Can BNB Grow?

📚 Wikicoin
Binance is a Blockchain ecosystem comprised of Exchange, Labs, Launchpad and Info. We expect further growth of the BNB cryptocurrency
Binance Coin Price Prediction- How Far Can BNB Grow?
Contents

Binance has found its way onto the headlines over and over again. At first, they launched a $1 bln investment fund and then, they celebrated over eight mln users. These new achievements water down the previous $15 mln raised in July 2017 and astounding growth in membership. The soaring success has also brought about several rumors concerning BNB price prediction.

In spite of the stellar performance of the company, Binance Labs never relented, rather, they kept pushing boundaries. The LaunchPad product which was tested in December 2017 with the Gifto Official’s ICO saw the corporation amass millions of dollars in seconds. They still didn’t rest their oars, as they’ve announced that they have more projects in the pipeline.

Their impressive track record is what underpins the myriad of BNB price prediction floating around, asserting that the coin will peak in a very short while.

But we cannot depend on hearsay alone, let’s find out if BNB will really do well in the market. If they will, what’s the underlying reason? If not, we need to find out why.

Binance offers a trading fee discount

Revenue is an important source of growth, no doubt. However, an equally important metric is the volume of trade being handled. BNB dealt with this wisely and offered traders a 50 percent discount when they make use of Binance exchange for the payment of fees. This seemingly little introduction goes a long way in encouraging customer adoption and BNB price prediction for 2018 is gaining traction because of this.

Binance affiliate bonus

Yes, there’s such a thing as the affiliate bonus with Binance. In fact, the earnings recently increased for those who hold a minimum of 500 BNB. The affiliate program rewards traders with 50 percent of the trading fees of those referred. This means that if you refer a trader who goes on to incur a trading fee of about $50, you will get paid $25.

For those who do not meet the minimum, the bonus was cut to 20 percent and the strategic advantage this offers can be seen below:

  1. It increases earnings in the short term

  2. Improves overall profit in the long-term

  3. Provide a perfect setup to create a new demand feature.

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Token sale participation for LaunchPad

LaunchPad is a Binance product which was established to help startups raise capital as at when due. They have tested this product and it has proved its reliability. This strategy then, that startups are required to purchase BNB tokens before they can participate in the fundraising exercise is an equally viable one and it will cause the value to increase.

BNB trading pairs

There are over 70 trading pairs of BNB. This means that BNB is available to be traded with 70 other cryptocurrencies on several digital exchanges. This goes to show how valuable it is and it also demonstrates that the demand for this coin is on the increase.

One more thing on trading pairs, the trading pair utility opens traders up to more arbitrage opportunities. What does this mean? Simply means that if there’s an NEO/BTC pair and a BNB/NEO pair, one can leverage the BNB/NEO pair rather than trading BTC because of the significant difference in price.

BNB price prediction

Now, to the real deal. Based on the evidence provided above, what is the verdict? Let’s consider a few other things:

  1. The initial total supply was 200 mln tokens but they have a buy-back clause which aims to reduce the total supply to 100 mln.

  2. It is an ERC 20 token.

  3. It has a market cap of $1.259 bln, the 18th largest.

  4. It is currently selling at $13.19

For the analysis, we shall draw on the data and equations provided here.

At the moment, the volume of BNB available is 4.3222 percent of the total physical currency A (including that in the central bank). The BNB available is also 0.3041 percent of the total currency B(including the amount in demand accounts, checking accounts, savings accounts, money market accounts, and certificate of deposit of accounts less than $100,000).

If one percent of the total physical currency A is infused into the crypto market and Binance coin maintains the current share, the price of BNB would be $2.98. If 16 percent of the said amount is pumped in, BNB would increase to $47.66 and if the percentage rises to 32 percent, it becomes $95.31.

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However, BNB price prediction takes a drastic turn in the case of currency B. if one percent is invested, it becomes $42.33, if 16 percent is invested, it becomes $677.33, if 32 percent is invested, it rises to $1,354.66.

Conclusion

Like we always warn, the crypto market is volatile and risky. This shouldn’t be taken as financial advice and we’re not liable for any loss incurred. Only invest after you’ve assiduously researched the market. One more thing, have fun while you do so!

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WikiCoin: Selling Bitcoin

📚 Wikicoin
Once you have acquired Bitcoin and chosen a place to store it, you may want to sell your cryptocurrency for cash or to get a start in trading.
WikiCoin: Selling Bitcoin
Contents

Now that we have discussed buying Bitcoin and setting up a wallet, it is time to address the sale of Bitcoin and other cryptocurrencies.

There can be many reasons for selling cryptocurrency: maybe you’re converting the salary you receive in Bitcoin to fiat, maybe you are exchanging funds for other coin investments. If you are selling with the intention to make a profit you should consider doing your research first. Sometimes, fraudsters take advantage of inexperienced consumers and the cryptocurrency market is very volatile.

Price evaluation

Numerous tools are available online for monitoring the changes in the cryptocurrency market. One tool you might use to evaluate the condition of the market is price reviews. A price review analyzes the price movements of different coins on the cryptocurrency market, offering possible explanations and predictions for price changes based on the market’s history.

Options

Nearly any platform that allows you to buy Bitcoin will allow you to sell Bitcoin — this includes all exchanges and some Bitcoin ATMs. Just like storing different cryptocurrencies in different wallets, you might want to use different exchanges to sell cryptocurrency depending on your needs. Different platforms may have different advantages for different types of investors. Platforms like GDAX and Gemini are intended for large volume trading by institutional investors; on the other hand, exchanges like Coinbase, Kraken, Bitstamp and Poloniex are more convenient for retail investors because they provide additional services like secure storage.

Some things to remember

There are a couple of things to keep in mind when selling cryptocurrency.

First, while the market coin price is locked in at the time of sale, the time until the transaction is completed and you receive your funds may differ, so plan ahead. The standard exchange procedure is that a transaction needs to go through six verifications before it is considered complete.

Second, some exchanges will require identity verification for all transactions while others are less stringent. You may want to consider this before signing up for an exchange.

And lastly, make sure to declare any profits you make on cryptocurrency sales to the appropriate tax authorities. Although one of the greatest advantages of using Bitcoin and other cryptocurrencies is the ability to complete transactions without a third party, not declaring your crypto profits is illegal. The transparency of the public ledger and the government’s heightened attention to cryptocurrency industry could result in punitive measures.

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