Cryptotips Andrew Strogoff

Examples of Cryptocurrency Trading and Cryptocurrency Platforms

💡 Cryptotips
Examples of crypto trading, main types of orders, trading platform window and its features
Examples of Cryptocurrency Trading and Cryptocurrency Platforms

Professional traders and investors place orders almost in a “blind mode” meaning they pay a little attention to what buttons do they click or what fields they have to fill in. They have all necessary skills and experience having months and even years of trading behind them. However, for many newcomers placing orders is a kind of “science fiction” as they are getting lost every time they open their exchange trading account.

We have decided to create a special complete guide, related to examples of cryptocurrency trading. Here we give you several illustrations of how to place orders and what types of trading position you can use when dealing with different exchanges.

Example of cryptocurrency platform

The first thing you see when you start trading with any crypto exchange is the platform. There are different types of websites with wide range of features. Let’s see the typical platform using an example of Bitfinex.

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Here you can see several functional parts. The main is the chart where you can analyze quotation using different types of tools. Bitfinex offers Tradingview platform, which is one of the most popular nowadays. This type of chart allows traders to benefit from the most interesting and useful indicators. You can also switch between different timeframes, set the appearance of the chart.

However, there are some limitations here as the complete version of Tradingview also offers many different graphic tools including Fibo retracement, Pitchfork, trend line, horizontal levels, channels and some drawing tools.

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If you need them badly, you can open Tradingview and conduct all analysis there. Once done, you can then switch browser window to your trading platform and place orders.

On the left side of the platform there is an area to place orders. We will get back to it once we are done with the description of all functional parts of a standard trading terminal.

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Another important feature of any trading platform is Order Book. Here there are all orders that took place already. You can learn trading volumes from this window. There are bids and asks here. Those are the prices at which exchange clients are ready to sell and to buy cryptos.

It is to mention that there is no single market in cryptocurrency industry meaning different exchanges offer different prices. Those differences may be minor, but they exist. When you see an exact price in reviews, for example, this quotation is taken from one or another marketplace or are average, based on rates from different exchanges.

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Now let’s get down to examples of cryptocurrency trading. Here there is a working area from Bitfinex platform.

Examples of Limit Orders

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The first order type that you can use trading with Bitfinex is Limit. Here you can set the amount of the underlying asset to buy or sell. We have put one BTC. The system automatically calculates the amount of USD you need to pay in order to execute this trade.

Let’s say you want to buy one BTC. The price of this crypto is nearly $7,159.50 in the moment of writing meaning you have to pay this price for one Bitcoin. However, you are able to name your own price using Limit Orders meaning it may vary from the current exchange quotation.

Let’s suppose you want to buy BTC/USD for $7,000. You put this amount in the PRICE USD window and click on the Exchange Buy button. The order will be placed into the Book of Orders and wait for the price to reach this level before it executes.

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One of the main features of this type of trades is that your order may be executed partially. Why does it happen? Mostly because of the nature of cryptocurrencies’ exchange trading. All trades are executed between website’s clients.

When there is an opposite order matching your requirements your trade will be executed. Let’s say you want to purchase one Bitcoin in exchange of USD at $7,000. You place an order and the system starts to look for other orders in the Book in order to find an opposite one matching your requirements.

Let’s suppose the system finds one, but a trader wants to sell 0.5 BTC for $7,000. The order will be executed partially in this case as you will purchase 0.5 Bitcoin instead of one. Once done, you are able to either wait for other opportunities or to cancel the order without reaching its final goals.

The same is for selling BTC/USD or any other asset. You put the amount of crypto you want to get rid of and the price at which you are ready to “shake hands” with the buyer. Once the system finds an opposite order matching your conditions (even if the buyer wants to purchase less amount of crypto).

Examples of Market Orders

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Market Orders are similar to Limit ones but they are executed by current market price. Let’s see how it happens. You want to buy one BTC/USD. The current market price of the asset is $7,183.75 in the moment of writing. Once the order is placed, the system will automatically search for opposite trades matching your conditions.

As soon as it finds a seller who is ready to sell at this price, the order will be executed regardless of the amount meaning your trade may be done partially as well (and you will get less than one BTC).

However, there is a trick here as you may pay even higher than you planned as the system will search for cheaper prices first. If there are no such offers it will go through the Book of Orders and find the most appropriate ones even if their price is a bit higher than the market one at the moment.

Let’s get down tour example. The system finds 0.7 BTC at $7,183.75. However, this is a unique offer as the others want to sell their bitcoins at $7,200.00. You will buy the rest (0.3 BTC) at $7,200.00.

The same is with the Market Sell Orders. You need to choose the amount you want to purchase. The price appears automatically according to the best offers from the Book of Orders. Once placed, your order will be executed at best quotation. If the amount of the offer is less than your one, the system will search for others until it is done.

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Examples of Stop Limit Order

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This type of order is used by traders to open trades when the price moves fast in one or another direction. There are two main steps to place those positions – Stop Price and Limit Price. First, you indicate the Stop Price. This one activates the order.

The second step is to indicate Limit Price. This one opens the position. Why do traders use this type of trades? Professionals want their daily routine to be more autonomous. Sometimes during the serious price movement, it is almost impossible to “catch” the desired price.

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Stop Price is often placed at certain important price levels. If the price crosses this level, it will eventually develop the progress and trader will be allowed to open trades at the desired level.

Let’s say a trader wants to buy one BTC/USD for $7,212.8. But the price is lower currently and is approaching a serious resistance level at $7,207.6. Trader places a Stop Limit Order with the following options: Stop Price level is at $7,207.6 (resistance area) and Limit Price at $7,212.8. Once quotation reaches $7,207.6, the order triggers. However, it remains in a “stand by” mode until the price reaches $7,212.8 level.

Example of Trailing Stop Order

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This one is used by traders to protect their risks and close positions in case if the price goes the opposite to investor’s forecast direction. Some exchanges allow clients to use classic stop losses. Bitfinex and some of their competitors offer Trailing Stop Order that gives traders a more flexible tool to manage risks.

How does it work? Let’s say you buy BTC at $7,300 and place a Trailing Stop Order at $7,180. The difference between them is $120. This will be the distance at which Trailing Stop Order will “trail” the price. If the price moves to $7,400, Trailing Stop will move automatically at $7,280.

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One thing to remember here is that Trailing Stop moves in one direction only. If you buy a crypto and places this type of order, it will follow the price when it goes upwards only. When it declines, Trailing Stop stays in place without any changes.

If the price declines towards this kind of stop order and reaches it, it triggers finally and the position is closed. Depending on the positions of the final price as compared to its position in the beginning of your trade, you can lose or earn some money.

Unlike Trailing Stop Orders, classic Stop Losses do not move automatically. Once placed, they remain at their position regardless of what is happening with the price. They are less flexible and sometimes need adjustments.

Example of Fill or Kill Order

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This type of position means the order should be executed immediately at the current marketplace or removed. What is the main purpose of this order? It is created in order to allow traders to benefit from immediate position opening at the very same price.

What happens when an investor places a big long order? The price may start to grow and this order will be executed partially step-by-step with growing price. Fill or Kill allows you to be sure that you position be either opened entirely or “killed.”

Let’s say you want to buy 100 BTC/USD at $7,180. You place this Fill or Kill order. The system will automatically search for this amount at the exact price within the Book of Orders. Once successful, it executes the order. If not, the position will be canceled.

Example of Scaled Order

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Scaled Orders are rare meaning they are offered by a limited number of exchanges. Those position types aimed to facilitate trader’s routine by helping him or her to place several orders within a certain price range.

Let’s say you want to buy BTC/USD within the $7,200 and $8,000 price range. You set the lower and the upper price, amount of BTC to buy (5 in our case), order count (the number of positions to open), and finally variances of price and amount. Once done, you can preview your set up by clicking on Exchange Preview button.

Those are the examples of cryptocurrency trading. We hope that you find this article useful as we had done a great work in gathering maximum information on all types of orders.

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Monero Price Prediction 2018\20\25: How Much Will XMR Cost?

💡 Cryptotips
How much will Monero coin cost in 2018/20/25?
Monero Price Prediction 2018\20\25: How Much Will XMR Cost?

As major cryptocurrencies like Bitcoin and Ethereum are continually growing in popularity, other minor altcoins follow their suite. Being enlisted in the top 20 world cryptocurrencies, Monero is now considered to be a good investment. But what makes it so attractive for traders and investors? It’s time to reveal key advantages of this coin and read Monero price prediction for the short and long terms.

Let’s start with the explanation of Monero’s origin and nature.

What is Monero?

In July 2012, the world witnessed the implementation of CryptoNote application layer protocol that was designed to work with different decentralized currencies. Although it is similar to the application layer used for Bitcoin, there are some principal differences, as well. Initially, Bytecoin was the first implementation of CryptoNote layer, but since about 80 percent of coins have already been published, it was decided to make a fork for a new chain and new coins. This chain was called ‘Bitmonero,’ and eventually turned into ‘Monero.’ In this chain, a new block is mined and added every two minutes.

benefits

Advantages of Monero

The fundamental principles of this cryptocurrency are total privacy and transparency. When creating Monero, the team was striving to make a fully decentralized and private electronic currency. Therefore, Monero has five important merits:

  1. 100% privacy. Only you can manage your XMR coins and see the details of transactions.

  2. Great fungibility, which means the asset can be easily exchanged for goods or other assets.

  3. Dynamic scalability. While Bitcoin has imposed a one Mb block size limit on users, Monero has no pre-set size limits but reduced the amount of reward depending on the block size. Blocks lighter than 60 Kb are free from reward penalties.

  4. Resistance to ASIC (Application Specific Integrated Circuit).

  5. It uses multiple private and public keys for a higher security level.

Monero vs other currencies

Before we proceed to Monero prediction, let’s underline the basic differences between XMR and other coins:

Monero

Bitcoin

Ethereum

Total supply– 18.4 mln XMR + 0.3 XMR/minute

21 mln BTC

72 mln ETH

Proof-of-work protocol

Proof-of-work protocol

Proof-of-work protocol (will be changed to proof-of-stake)

CryptoNote algorithm

SHA-256 algorithm

Ethash algorithm

Block time– 120 seconds

Block time– 10 minutes

Block time– 15-45 seconds

Monero price prediction 2017

Just like it happened with many other top 20 cryptocurrencies, Monero caught the wave of popularity and Monero crypto prediction was not justified– it was outperformed. At the beginning of 2017, the currency was worth $15 and started growing in Spring 2017. People thought it would reach $35-40 by Autumn, and gain maximum $100 by the end of the year.

Surprisingly, XMR crawled to $41 in July 2017 and soared in price by December. It reached the maximum price of $431 on Dec. 12 2017, and fells as quickly as it rose during the following month. Therefore, Monero prediction 2017 was not as optimistic as things turned out to be– no one could predict the global crypto price explosion.

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Monero price prediction 2018

At the beginning of the year, Monero 2018 prediction was more optimistic: investors hoped it to at least stay at the level of $200-300. However, Monero shared its lot with other altcoins and nosedived to $140-150 with eventual price fluctuations in Spring. Another unexpected turn we couldn’t foresee.

What about the second half of the year? Monero prediction 2018 is contradictory. The rumor goes that investors can contribute to artificial deflation to increase momentum and push the price down to around $120 in the following months.

At the same time, if Monero doesn’t become a victim of speculators, the rising demand for it will make XMR price soar to $350-400 by the end of the year. The same Monero 2018 price prediction is provided by some experts.

What about technical analysis? Monero price prediction in 2018 varies from source to source. While longforecast.com predicts it to fall to $107 within the next month, WalletInvestor.com displays it can grow to $300 within a year (which means it can reach about $200 by the end of 2018).

Monero price prediction 2020

The further, the better: when it comes to long-term forecasts, the vast majority of online predictors agree with one another. Providing information from different sources, WalletInvestor gives us the following numbers:

  • Google - $637

  • PayPal - $419

  • Smartphone analysis - $319

  • Internet users - $612

  • Data increase - $279

All that means that Monero coin price prediction may be different, but the vast majority of Internet users stake on its growth. Even longforecast.com displays that XMR can grow from $150 to $30 during 2020.

Monero in 2025– your chance to compensate investments?

Want to make a long-term investment? Think twice before choosing Monero for that. Although websites show appealing prices as $1,500, $6,000, and even higher, you need to take the real value of coin into consideration. Is Monero technologically more advanced than Bitcoin and Ethereum? Yes, but slightly. Although the Internet community is concerned about security and privacy of transactions, Monero isn’t the only platform that offers it– it can be easily outperformed by competitors if the team will not introduce new unique features.

What the forecast depends on?

When it comes to Monero difficulty of prediction is conditioned by the fact that investors’ actions are hard to foresee, and the number of competitors offering some unique and cool features is also growing. Among the benefits that contribute to Monero popularization are the following:

  • It ensures unbeatable privacy.

  • Transactions cannot be linked or traced.

  • There’s no block limit, and XMR is dynamically scalable.

  • When all XMR is mined, there will be extra coins to incentivize the miners.

  • There’s a strong team behind Monero.

At the same time, some people don’t rush to make too optimistic price prediction for Monero because it doesn’t have enough wallet compatibility yet, not beginner-friendly, and the amount of encryption involved is too huge. Time will show whether Monero can live up to our expectations.

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Best NEM Wallet: Where to Store NEM?

💡 Cryptotips
NEM is an important cryptocurrency, especially in the East, and as such, it is good to know how to store this asset
Best NEM Wallet: Where to Store NEM?

Where to store your NEM XEM cryptocurrency? Let’s overview top NEM wallets that ensure the safety of your assets and private keys, and provide you with an easy and fast access.

NEM (New Economy Movement) is an innovative Blockchain platform for developers who want to create applications using ready tools and instruments. Its native token, XEM, is one of the top 20 world cryptocurrencies and has recently received a lot of attention from cryptocurrency specialists. If you want to make an investment and purchase XEM tokens, it’s high time to find the best digital NEM wallet– we’ve prepared some guidelines for you, as well as the list of best NEM wallet options.

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How to select the best crypto wallet for NEM?

When on the lookout for a wallet to store cryptocurrency, you need to take the following aspects into consideration:

  • Compatibility. First and foremost, you need to make sure that the chosen wallet supports XEM or any other currency you’re going to store. Secondly, make sure that your OS and device can run this wallet app.

  • Security. The best wallet to store NEM is the one that keeps your assets safe and secure. Hacking is always a risk when you own a crypto wallet, so read reviews about its reputation, find out where there are such features as holding your own private keys and two-factor authentication.

  • Customer support. Will you be able to get help as soon as possible in case of technical issues? Check the wallet’s reputation and read reviews.

  • Backup features. If the wallet has decent backup features, you’ll be able to recover the funds in case of access loss.

  • Development and updates. Find out who are the team standing behind the wallet, and whether they update the wallet regularly– it’s crucial for security.

NEM NanoWallet

This is the best wallet for NEM from the point of accessibility and functionality: Nano Wallet is compatible with many platforms (Windows, Mac, Linux) and allows managing XEM account and mosaics. Besides, you can send messages to any address or namespace. The platform features instant exchanges powered by Changelly– a convenient option for everyday use.

The wallet is easy in use: you can have on-chain multi-signature and multi-user accounts, and since December 2017, it supports TREZOR integration for securing your tokens. While Nano Wallet is the best NEM wallet for Windows, it’s not convenient for mobile devices.

NEM NANO wallet interface

NEM mobile wallet

When it comes to the best NEM wallet Android and iOS devices support NEM Mobile Wallet software– it features a simpler interface and navigation. The application is free and perfect for managing your NEM accounts. Security options are up to the mark: the app supports multi-signature functionality, which means you can store and encrypt your private keys and other crucial data right on your device. The speed of transactions is fast, though some users reported facing problems and bugs.

NCC (NEM Community Client)

You’re a lucky owner of 10,000 XEM and want to start harvesting? NCC is the very best NEM wallet for those who need advanced features, such as harvesting and delegated harvesting. This app is compatible with Windows, Mac and Linux, but before installing it, make sure that your computer isn’t contaminated with viruses, and you use a strong password.

Freewallet

Need the best Bitcoin wallet on Android with Ethereum, NEM and other currencies supported? Opt for Freewallet: it offers a smart intuitive interface and mobile-first experience. It has the following advantages:

  • The assets are stored in offline vaults– unbeatable security against attacks is guaranteed.

  • If you accidentally lose your device, you can have the account frozen from any other Android or iOS gadget.

  • Two-step authentication is possible: you can enable additional security code, or activate verification via email, or mobile phone number.

What else makes it the best wallet for NEM XEM? The exchange service is free– with smart transactions, it doesn’t matter which currency you have. Just set up the currencies you need, or send between Blockchains without exchange services.

TREZOR

Ready to pay for the security of your virtual currency? Then TREZOR is the best NEM coin wallet that provides you with total management of your private keys– they simply won’t leave your device. How? Because TREZOR is the physical best wallet for NEM– for some $80, you get a small gadget that fits in your pocket and stores all your passwords, emails, and accounts.  TREZOR can be connected to Mac, Windows and Linux PC.

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TREZOR hardware crypto wallet

What should I use?

Let’s summarize and figure out what’s the best XEM NEM wallet for you.

NEM Wallet

What is it recommended for?

NEM NANO wallet

A nice solution for users who mostly use PC and need a versatile wallet with decent customer support and total management of private keys.

NEM Mobile Wallet

Those who mostly use iOS or Android devices will find this app useful and convenient.

NCC

XEM holders who want to start harvesting and store large sums of tokens.

Freewallet

Mobile users who need a versatile and safe solution.

TREZOR

Holders of multiple wallets and account who need the ultimate security of their private keys.

The Internet is full of various free and paid wallets– select the one with a heavy focus on convenience and security, and you won’t face problems managing your NEM coins.

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5 CryptoComes’ CryptoTips on What to do When Market Plummets

💡 Cryptotips
When the market looks ugly, it’s hard to keep your head. Here are some tips from veterans who’ve seen it all.
5 CryptoComes’ CryptoTips on What to do When Market Plummets

Cryptocurrencies are so damn appealing because of those monumental gains, but one needs to prepare themselves for when the rollercoaster ride really starts. A sudden dip in the market is terrifying for the new investor. Here are some tips to handle the gut-wrenching lows.

Cryptotip #1

Hodl! - This is the most basic piece of advice cryptocurrency enthusiasts will tell you. Remember, you have lost nothing until your hands shake enough for you to click that sell button. If you can hold your coins, you take a big step to become a grizzled and jaded trading veteran- congrats.

Cryptotip #2

But, how do you convince yourself to hodl? Do your research. Almost any cryptocurrency that has been around long enough has suffered dips, probably bigger dips that you are experiencing at one moment. Go back and look at the graphs, see how big the other dips have been and reassure yourself.

Cryptotip #3

Zoom out. If you are watching the charts like a hawk, you have probably zoomed into some stupid level of candle graphs, like two-minute increments. Drops and dips are highly exaggerated when you look at them over short spaces of time. Rather zoom out and compare the dips to ones that have happened over six months to a year.

Cryptotip #4

Prove you are a true crypto believer and instead of selling, buy the dip. That is what everyone else is doing while you fret about your tiny investment. The bigwigs who have seen it all before are buying crypto at discount prices and so should you.

Cryptotip #5

It is also important to look at the deeper issues. Cryptocurrencies will plummet for external reasons. Usually get to the root of the matter and decide if the news is as major as everyone is making it out to be or if it is merely FUD.

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NEM Price Prediction: How Much Will be the NEM Cost in 2018\2020?

💡 Cryptotips
What will be the value of NEM coin in 2018, 2020 and in the long run?
NEM Price Prediction: How Much Will be the NEM Cost in 2018\2020?

Being in the top 20 modern cryptocurrencies, NEM promises to become a very prominent project in the nearest future. NEM coin price prediction is not an easy task so let’s find out which factors can influence its cost.

What is NEM?

The NEM foundation that controls the NEM project and XEM coin is a Singapore-based initiative with the main goal to promote the NEM Blockchain technologies. Today, this is one of the most well-established Blockchain technology projects on the market. The permission-based private Blockchain ensures unbeatable security and privacy of transactions– this is what differs it from other Blockchains that are aimed at transparency.

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What makes NEM stand out from the crowd?

NEM infrastructure is based on proof-of-importance, or POI, which makes it more secure and environmentally safe. In comparison with Bitcoin and Ethereum, it doesn’t require mining machines and a lot of electricity. One NEM node can run on a simple and cheap machine. The Blockchain is tailored to provide a perfect security enhanced by precisely localized spam protection and EigenTrust++ for node reputation that’s not used for any other cryptocurrency.

While Bitcoin and Ethereum systems reward miners for generating blocks, they don’t reward users for supporting the network throughput. NEM integrates Supernodes software that rewards users for rendering high powered nodes that provide light wallets with data safely and quickly. Any user with 10,000 XEM can create a harvesting node and get transaction fees based on the POI score.

The main advantages of NEM include:

  • It has a completely new codebase.

  • It is both open source (available on GitHub) and closed source. That helps to protect the project against decompilers.

  • A unique “mosaics” system allows for customizing the assets making them divisible or non-divisible, transferable or non-transferable, etc. The number of mosaics can also be set up.

  • Messaging. NEM transactions can contain encrypted or non-encrypted messages.

  • Namespace– the proprietary domain naming system where users can register their domains. XEM holders can create as many domains and subdomains as they need.

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Key advantages of NEM Blockchain ecosystem

Thanks to versatility and a wide functionality of NEM XEM price prediction is generally positive: this Blockchain is highly competitive.

What NEM price prediction depends on?

There’s a large number of factors that have an impact on NEM future price prediction. Let’s figure out what can accelerate the value of the coin, and which aspect can hinder it.

What contributes to XEM growth?

What can hinder XEM growth?

Catapult update was written in C++ language that will boost the speed of transaction processing considerably. A high level of competition. NEM has to compete with many well-established protects with the focus on smart contracts, assets and blockchain solutions for individual and corporate use. Ethereum, NEO, and Ardor are claimed to be the primary competitors.
A wide range of real-world use cases starting from logistics and finishing by voting systems. NEM ecosystem can be implemented in different spheres – the adoption of the platform is widely encouraged. NEM has already proved to be useful for the Japanese Mijin commercial Blockchain. Poor adoption. The main factor defining NEM success will be the ability to reach popularity and global adoption. There must be a sufficient amount of corporate users and developers to build projects on the top of this platform.
NEM.io foundation aims to promote the use of NEM Blockchain and has announced to make a  $70 mln investment to drive the development of local companies. Hacking. After hacking and theft of 523 mln NEM tokens, the authority of the project has been slightly damaged.

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NEM price prediction for 2018

At the moment of writing (June 2018), NEM price is close to $0.2. In 2017, NEM experienced considerable volatility– its price ranged from $0.0036 to $2.01. In the future, such fluctuations aren’t expected to take place, however, NEM price prediction 2018 varies considerably. While some experts say it can rise to as much as $0.86, Longforecast.com shows the price of NEM can go down to $0.11 by the end of the year. Since we’re still waiting for the new Blockchain version of NEM XEM price prediction 2018 can change considerably.

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What’s further?

When it comes to price prediction 2019 NEM crypto Facebook forecasts seem to be the most positive– it’s expected to hit the threshold of $1. According to other tech sectors, the price will rise to $0.5-0.3. Although it doesn’t seem to be rising on a terrific speed, NEM’s growth is stable.

NEM price fluctuations

NEM crypto price prediction 2020 isn’t much different: while Facebook claims the coin can reach $2.3, other sources predict it to reach $0.8-0.3.8. Anyway, judging by the most pessimistic NEM price prediction 2020, a long-term investment can pay off slightly.

What about NEM coin long-term price prediction? By 2024, the coin can overcome the threshold of $100 and even $150. However, this can happen only in case NEM Blockchain withstands a high level of competition, which is hard considering the number of new Blockchain projects popping around.

If you check Wallet Investor NEM price prediction it becomes clear that the growth of the coin won’t be overwhelming, but a steady rising of its value is guaranteed. Therefore, investors in search of reliability should consider XEM for their portfolio: even if you witness the realization of the humblest NEM price prediction, your wallet fund can surely increase by 100-200 percent in a couple of years.

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Bitcoin Cash Price Prediction 2018\20\25: BCH Forecast

📚 Wikicoin
Is this altcoin promising enough to invest in it?
Bitcoin Cash Price Prediction 2018\20\25: BCH Forecast

Bitcoin Cash is gaining its value not only due to its parent Bitcoin cryptocurrency. Investors start realizing that it's one of the most convenient ways to pay with crypto and withdraw the virtual assets. Is this altcoin promising enough to invest in it? Let's read Bitcoin Cash prediction to find this out.

Is Bitcoin Cash much different from Bitcoin?

Although Bitcoin continues its reigning on the cryptocurrency market, it’s far not the best coin from the technological standpoint. The number of transactions it can process is only seven per second– this is too slow. For reference: Visa processes transactions at the rate of 1,700 per second having the capability to process over 24,000 transactions per second.

Due to an increasing popularity of Bitcoin, people started mining it hardly and the mining pools gave about 80-90 percent of their power for BTC mining. That required a lot of energy and room for storing data.

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Advantages of Bitcoin Cash

In July 2017, the Bitcoin community voted for the introduction of SegWit2x technology– it minifies the volume of blocks to be mined by removing signature data. However, the size of the blocks still continues increasing, and now the blocks can weigh even one GB and more. Of course, that slows down the mining process and makes it less efficient.

Understanding that, miners and developers have introduced a hard fork of Bitcoin– Bitcoin Cash.

It has optimal block sizes (eight MB against one MB in BTC which boosts safety) and ensures a great speed of the verification process.

How has Bitcoin been improved?

In other words, Bitcoin Cash is a better version of Bitcoin. So what’s changed?

                            Bitcoin

                                        Bitcoin Cash

A standard block is one MB maximum.

Uses power blocks of eight MB maximum.

Uses SegWit– the signatures can be discarded from the Blockchain.

SecureSigns– signatures must be secured and validated on the Blockchain.

It has been developed by one centralized team. Bitcoin Core is the only implementation.

Has been developed by several teams and features several client implementations (Bitcoin XT, Bitcoin Classic, Bitcoin Unlimited, etc).

Off-chain payment channels.

On-chain transactions and increasing for block size.

About Bitcoin Cash price prediction 2017

Just like its parent coin, Bitcoin Cash experienced an exponential boost in growth in 2017. Justifying the major community’s prediction Bitcoin Cash has started quickly making its way to the top and managed to reach important cost milestones. The coin was launched at the price of $250, and the next day, it already cost $651 per coin! In the middle of the month, it already cost $900.

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How Bitcoin Cash price changed in 2017

Of course, its development has been accompanied by hot debates over what’s better– the original of the ‘affiliate’ coin. The value of Bitcoin cash started falling when people realized that the fork is not a versatile answer to the problem of BTC scaling. Although it gained the maximum of $2,442, Bitcoin Cash price prediction for further months wasn’t justified– like all other coins, it started falling at the beginning of 2018.

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Bitcoin Cash prediction 2018

Different sources provide us with different Bitcoin Cash 2018 prediction:

  • According to technical analysis (cost estimated is done by software based on the price trends and trade volume), within a year, the coin can raise to $2,363.42 doubling in its value. So if you invest $100 in Bitcoin Cash, you can earn $211 within a year. That’s what Walletinvestor.com claims.

  • Alternatively, tradingbeasts.com says that Bitcoin cash can grow to $1,930–$2,838 in December 2018. That’s almost the same Bitcoin cash price prediction 2018.

  • Roger Ver, one of Bitcoin millionaires, says that the currency will continue its growth, and Bitcoin Cash will double its price in the coming months due to simplicity and convenience of use.

  • A less reliable but popular smartereum.com predicts 500 percent growth of BCH cash– the cost can grow to $6,700 within less than a year!

  • Similarly, profitconfidential.com claims that Bitcoin Cash will reach the price of $7,000 by the end of 2018.

As we see, most Bitcoin Cash 2018 price predictions are optimistic, and traders see it as a better Bitcoin alternative that brings about a lot of benefits, including fast transactions and low fees.

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Bitcoin Cash prediction 2020

When looking for 2020 Bitcoin Cash price prediction today, we can see that most sources provide almost the same information:

  • Tradingbeasts.com predicts that Bitcoin cash will cost from $4,037 to $5,937 by the end of 2020.

  • Brian Kelly, a cryptocurrency expert, didn’t mention any certain numbers but said that this is one of the most promising coins that every smart trader should buy.

  • priceprediction.co claims that by the end of 2020, Bitcoin Cash price will grow to $9,562.28.

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Bitcoin Cash long term prediction

When it comes to Bitcoin Cash five-year prediction, there are not so many opinions regarding it. According to Walletinvestor.com, the price of Bitcoin Cash will rise to $7520.50, which means the growth of 572 percent- that seems to make sense.

If we look in smartereum.com Bitcoin Cash price chart prediction, we’ll see that Bitcoin Cash can raise to  $24,600 within five years. That seems to be too optimistic. With such a high volatility, it’s hard to make any predictions– price movements are sudden.

What can affect the coin value?

There’s a myriad of factors influencing the Bitcoin Cash prediction: Reddit users have shared their opinions and claimed that the development of Bitcoin cash can be affected by the following things.

  • The dominance of Bitcoin.

  • Other advanced altcoins.

  • Poor adoption of technology.

  • Centralization of mining.

Should I invest in Bitcoin Cash?

Bitcoin Cash prediction today is not just optimistic– it seems to be close to reality. Besides, considering the current Bitcoin Cash prediction flip, the forecasts are expected to be justified pretty soon. Therefore, if you’re still in the dark about Bitcoin Cash and want to make your first investment, it’s high time to do it now– you can surely double the sum within a year.

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