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5 Helpful Crypto Trading Tips for Beginners

Market Place — Mon, 06 Dec 2021 14:52:12 +0000

Thinking of purchasing and trading cryptocurrencies? If you take into account the crypto trading tips in this article you will be successful in your investments.

If you are thinking of spending on cryptocurrency, you need to learn a lot about the systems and procedures. Crypto trading is not the same as trading in RBI-controlled debentures and shares. It’s more on exchanging your cryptocurrencies for other assets.

So, where should you start with cryptocurrency trading? Below are a few crypto trading tips you must take into account to ensure you don’t make a mistake:

Be Ready For Volatility

It’s not a mystery that cryptocurrency trading is still unstable. Even expert crypto traders still have no success with mastering the trends of these virtual coins. So, you must be quick with your choices and consider which will be suitable for your current assets.

Research Well-known News Sources

There will always be many differing views on cryptocurrencies, also with those who own them. Some may assume that crypto is only a fad, and people involved will only find failure.

If you believe in the benefits of cryptocurrency, then stick to sources you trust and avoid non-believers. However, stick by the facts if you desire to be a successful coin owner or investor.

Experiment With Another Altcoins

Be mindful of putting all your cryptocurrencies in one wallet, as you might wind up losing than earning. So, do your analysis and see which best cryptocurrency is growing well and know where you can profit the most. Where you’ll apply your cryptocurrency will be at your discretion, so be wise in choosing.

Be Careful

As crypto has higher security ratings than regular money, it’s best to be wary. So, when you want to buy cryptocurrency and place them into your mobile wallet, you must first observe the risks and flaws. Then, try to consider various methods of managing the assets that will be more beneficial for you.

If you want to trade safely, easier, and cheaper, check out and buy Stellar lumens!

Study the Advantages of Hot and Cold Wallets

Consider saving your cryptocurrencies in hot and cold wallets. When you’re a beginner, the convenience of offline wallets will be more helpful and handy. However, cold wallets provide better security against hackers and malware.

As part of your venture toward expanding your assets, study how to use both wallets. Here’s a quick rundown of available wallets:

Paper wallets that feature QR or other codes
Hardware wallets that use USBs
Cold wallets are offline storage types like paper or an unplugged USB
Hot wallets are storage types connected to the internet
Multi-signature Wallets requires more than one signature before any transaction

Picking your coin wallet will rely on your safety demands whether you’re a short-term or long-term investor.

Crypto Trading Tips You Need to Know

Following these crypto trading tips will surely help you gain a better understanding. Learning the nature of cryptocurrencies will take some time, so don’t force yourself to learn it all in one day. Instead, take the time to learn new methods to increase your assets.

Want to know more about cryptocurrencies and crypto trading? Check out our next articles to learn more!

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With a Shiba Inu, a supermarket manager becomes a millionaire

Market Place — Wed, 10 Nov 2021 14:11:54 +0000

sergeitokmakov / Pixabay

The cryptocurrency universe is gradually changing the world, offering financial opportunities to millions of people around the globe, and a few months ago, during Dogecoin’s boom, some people even became millionaires, including a Brazilian. Now, a former grocery manager has disclosed that his investment in Shiba Inu has made him a fortune (SHIB).

According to information from the Fortune newspaper, a 35-year-old American worker made a risky investment of $8,000 when SHIB cost just $0.00000001, guaranteeing 800 billion tokens — that is, adding up the highs of the last few months, he earned his place on the millionaires team. In May, after reaching more than US$ 0.00035, the investor took out US$ 500 thousand and remained firm with the other part of the investment.

Shiba of the million!
Currently, investor “Rob,” as he was dubbed in the post, is using the funds to spend more time at home with his children and work on cryptocurrency-related projects that have won him his long-awaited retirement — the worker made US $68K per year as a grocery manager.
Shiba Inu prices have recently risen to new highs, guaranteeing an investment more than $1 million.

In recent months, SHIB has entered into some bullish moves and continues to impress older investors — some have even become billionaires. The currency, like any other, might collapse in value, as it happened in May 2021.

Market Place

El Salvador is the first country to adopt bitcoin as its official currency

Market Place — Thu, 10 Jun 2021 10:21:03 +0000

The Congress of El Salvador approved, early this Wednesday, the 9th of the law that classifies bitcoin as a legal tender in the country. The decision makes El Salvador is the first country to adopt bitcoin as its official currency.

Salvadoran President Nayib Bukele announced the plan last weekend and is expected to enact the law this Wednesday morning. The idea, according to him, is to increase the dynamism of the economy and make the country more attractive to investors.

“The ‘Bitcoin Law’ was recently passed by the Legislative Assembly with a qualified majority. 62 out of 84 people voted! It’s all in the past! “, the president exulted. “This is a legislation that will place El Salvador on the map, and we’ll be more appealing to global business,” said Congressman Romeo Auerbach, a Bukele supporter.

Anabel Belloso, from the opposition, who voted against the project, lamented that the law “has not been discussed with specialists, nor with patience”: “The law has many implications in the economic sphere and not everyone knows how this will work, leading to considering that cryptocurrencies are volatile in the market, they are unstable,” he said.

With the new law, bitcoin must be accepted as a form of payment by “any economic agent” in the country, excluding those who “It is a well-known truth that they do not have access to the tools that allow them to conduct bitcoin transactions.” Part of country’s population is excited for El Salvador is the first country to adopt bitcoin as its official currency .

For accounting purposes, the US dollar, the official currency of El Salvador, will be used as a reference, but the text states that the bitcoin exchange rate “will be freely established by the market” and that the State will provide alternatives for “automatic and instantaneous conversion between the bitcoin and the dollar” for those who prefer it that way.

According to Bukele, giving bitcoin the status of legal tender in the country aims to generate jobs and increase “financial inclusion for thousands of people outside the formal economy” – according to the president, 70% of the population of El Salvador is currently unbanked.

In addition, the Salvadoran president also said that bitcoin could make it easier for Salvadorans living abroad to send money to friends and family in the country.

Currently, El Salvador’s economy is heavily dependent on remittances sent from other parts of the world, which represent more than 20% of GDP. Data show that more than two million Salvadorans living abroad send around 5 billion dollars each year to their home country, that is the first country to adopt bitcoin as its official currency.

Providers of this type of service charge high fees and operations take days to be carried out. With bitcoin, the cost and timeframe for these transactions would be reduced considerably: “This will improve the lives and futures of millions,” predicts Bukele.

Market Place

Top 10 Trading Tips When Bitcoin Price Is Rising

Market Place — Fri, 04 Jun 2021 07:04:31 +0000

Image by Bastian Riccardi from Pixabay

When Bitcoin price is rising, gaining over 40 per cent in value in just over three weeks our cryptocurrency expert Bob Loukas, has provided a key trading tips. As the founder of Bitcoin.Live, the educational cryptocurrency platform for traders, Bob believes that this might be the end crypto distrust, and invites traders to utilize this spike and give trading a go.

1. Trade the Trend

“The trend is your friend” may be the most widely used truism in investing…and it’s directly applicable to the study of Cycles. With Cycles, we attempt to identify significant Lows that mark the start of new trends. If you always trade with the trend and never trade against it, you’ll significantly increase your odds of trading success. The most important of all trading tips.

Trading a trend with Cycles is fairly straightforward in concept – if a longer-term Cycle is moving up, buy the troughs of a shorter Cycle; if a longer-term Cycle is moving down; sell the tops of a shorter Cycle.

2. Work for Optimal Trade Entries

Optimal trade entries are those that occur when the underlying asset is finding its Investor Cycle Low. These lows occur 2-3 times per year, generally after frightening drops, and most often in concert with major, trend-changing events. Trade entries at these lows typically have strong risk/reward profiles.

3. Stop Losses

Another trading tip: each position must have a stop loss. Know when to cut your losses and never be afraid of missing a rally. If the position is going against you, get out and regroup. Leaving a trade with a small loss is easy but allowing a small loss to balloon into a large one is inexcusable and sets the scene for a catastrophic loss in a portfolio. Too many investors stubbornly hold onto losing positions rather than admit that price did not move as they thought it would.

4. Protect Capital First…Then Worry about Winning Trades

A natural extension of #3, protecting capital is the single most important step in wealth management. All the winning trades and associated gains are worthless if you give them all back through a few lousy portfolio-busting trades.

Avoiding losses is about letting go of the idea that each trade must be a winner. Once you understand that you won’t, can’t and don’t need to win every trade – and that missing a rally is just fine – you’ll be able to exit trades without regret while losses are still small. And if you ensure that your losses are small, you can be successful with only modest winning trades.

5. Position Sizing

Keep your positions in check relative to your overall portfolio size. Learn to fully understand each trade, especially its setup and probability of success. Since no two trades are alike, you should adjust your position size according to the risk/reward profile of each trade. Also, be sure to track your trading results – when you’re doing well you can be more aggressive and when results have been mixed, you should trade more modestly.

6. Leverage and Options

Unless you’re a true expert, avoid significant leverage. The only times you should consider leverage or options are at the beginning of new Secular or Investor Cycles. This is because the odds of success are the greatest at these key Cycle Lows. Plus, a nearby Cycle low offers a tight stop.

7. Investing with a Plan

Trading without a plan is a proven losing strategy. Whether you follow the Market Cycles via The Financial Tap or some other system, you must always have a plan in place which includes trade size, conditions for entering a trade, and reasons for exiting a trade. Think through them all in advance so that, no matter the market conditions, you’ll know how to respond. Also make sure to ask yourself some key questions: “Why am I buying/selling here? Does this fit my plan/strategy? Am I likely to question the trade (for non-plan compliance) in the future?”

Trades go against investors all the time, even when the trades were entered via a well-defined strategy and according to a preset plan. Losing trades are normal – they are the price of trading. Losses provide you with the opportunity to tweak your strategy and improve your plan.

8. Treat Investing Like a Business

One of the most important trading tips is that. In order to be successful, one must approach trading and investing as a business and not as a hobby. Investing should be one of the most important aspects of your life, right after spirituality, family, relationships, and personal healthcare. You’ve likely spent years working to earn your wealth; you need to treat your wealth with the respect it deserves.

Understand what you’re investing in, why you’re investing, and what your expectations should be. Never solely rely on an online service, advisor, index fund, or wealth manager. Take control of your personal financial future, get educated, and understand where every dollar of your wealth is invested.

9. Don’t Force a Trade – Wait For an Optimal Trade Setup

Even the most experienced investors have to fight the urge to trade unnecessarily. For a variety of reasons, investors generally overtrade…and thereby greatly diminish their overall returns. That’s why this trading tip is so important.

It’s better to wait for an optimal trade setup – one that fits your trading plan; These trades have much greater probability of success than trades taken impulsively. Over time, taking higher probability trades will provide a much higher winning percentage and far greater portfolio returns.

10. Trade within Your Means

Trading is as much about avoiding significant losses as it is making gains. Significant losses are difficult to overcome and can directly affect your quality of life. There are NO shortcuts to financial success and the freedom it affords. Success in the markets must be earned. Only trade with money that you can comfortably lose. Never trade with borrowed money (credit cards/line of equity/margin), have patience, and be realistic with your expectations. Hope you have enjoyed those trading tips.

Market Place

Chinese Investors Find in Hong Kong their Crypto-Trading Gateway

Market Place — Wed, 02 Jun 2021 17:52:27 +0000

Image by WorldSpectrum from Pixabay

Despite China’s ban on digital asset investment, a news report that crypto trading remains active across the country. Chinese investors have found access to cryptocurrency products through its neighbour Hong Kong and off-shore exchanges, according to specialized site 8btc.com.

Mainland investors, those whom the ban policy affected the most, have relied on their trading enterprises through and “have been able to circumvent a ban on crypto trading through the utilization of VPNs and stable coins such as Tether (USDT), to trade cryptocurrencies on global exchanges,” said Joseph Young reporting a Hong Kong-based publication South China Morning Post released on September 8.

Another source, this time from Shanghai-based cryptocurrency startup InVault CEO Kenneth Xu, confirmed what was published by the SCM and has settled that chinese investors from inland remain active while relying on offshore exchanges and operators, most of them based in Hong Kong, to purchase cryptocurrencies like bitcoin and Ethereum.

In fact, in Hong Kong, it is relatively simple for businesses and individuals to create shell companies to obtain bank accounts that are completely independent of cryptocurrency exchanges. “Hence, even if the government had pivoted its crackdown on overseas savings accounts to crypto trading, it would have to evaluate the trail of funds from Chinese bank accounts to Hong Kong shell accounts to local exchanges,” pointed out Joseph Young.

Chinese government has been very strict on what can be traded or not within their frontiers and have passed through some severe regulations to stop the growing crypto-trading. In July, the People’s Bank of China (PBoC) appeared buoyant about its ban policy reducing China’s cryptocurrency trading to less than one percent of global volume.

After that, the government started to chase and close exchanges operating within Chinese territories, they even went after those who were settled off-shore. In an interview with SCMP, Hong Kong and Taiwan-based digital asset exchange executive Terence Tsang said that the tightening of regulations by the government was targeted at exchanges that pretended to be based outside of China but were actually operating inside the country, which is very important for chinese investors.

“The latest warning and potentially increased monitoring of foreign platforms is targeted at a batch of smaller exchanges that had claimed to be foreign entities, but are in fact operating in China claiming they have outsourced their operations to a Chinese company,” Tsang said.

To eliminate the possibility of exchanges operating in mainland, the government requested Alipay, the largest fintech network in the world valued at more than $60 billion, to suspend or block accounts suspected to be connected to cryptocurrency exchanges. After that, on August 23, the government reported to have blocked 124 offshore exchanges

The move came the same week as Beijing forbade venues including hotels, shopping malls, and offices from promoting or hosting events supporting cryptocurrency. A separate ban governing eight crypto media outlets has also come into effect, Bitcoinist reported.

According to Shanghai Securities News, central authorities “will also continue to monitor and shut down domestic websites related to cryptocurrency trades and initial coin offerings (ICOs), and ban payment services from accepting cryptocurrencies, including bitcoin.”

Still, the government is struggling to completely ban out trading in offshore markets, especially in Hong Kong. In theory, local financial authorities could engage with commercial banks and evaluate every suspicious wire transfer made from China to neighbouring countries.

The government has made it as uncomfortable and uneasy as possible for investors to allocate their holdings in yuan and other assets into cryptocurrencies. But, it has proven to be difficult to outright ban cryptocurrency trading.

Market Place

Swiss Crypto Valley Companies Take Off: $44 Billion Market Capitalization and 5 Unicorns

Market Place — Mon, 19 Apr 2021 18:04:55 +0000

Zug-based investors CV VC, in collaboration with consultancy PwC Strategy& Switzerland and technology provider inacta, has compiled the first ever list of the top 50 companies in Crypto Valley. It reveals that Blockchain companies employ around 3000 people in Switzerland and Liechtenstein and have a combined market capitalization of US$ 44 billion. Included among the top 50 are five unicorns – startups with a market valuation of over a billion dollars.

The number of companies in Crypto Valley working with blockchain technology is growing rapidly. As of September 30, 2018, a total of over 600 blockchain related companies in Switzerland and Liechtenstein were registered on CV Maps, an online directory of the blockchain industry created and maintained by CV VC. The number is nearly double that recorded in the spring of this year.

CV VC, a blockchain-focused investor and incubator in Zug, has worked with PwC Strategy& Switzerland and the information management firm inacta to identify the top 50 Crypto Valley companies based on CV Maps data.

Strong capital base

Companies qualifying for this crypto super-league must meet three criteria: Firstly, blockchain technology has to be part of the company’s core business, secondly, it must employ more than one person in Switzerland or Liechtenstein, and lastly, it should make some contribution to the blockchain ecosystem and the wider Crypto Valley community. There are three additional criteria, at least one of which must be fulfilled: Funding in excess of US$10 million, a valuation of more than U$10 million or the provision of at least 10 full-time positions in Switzerland or Liechtenstein.

CV VC’s report sheds light on the various sub-sectors of the industry, their market capitalization and their headcount.

There are three additional criteria, at least one of which must be fulfilled: Funding in excess of US$10 million, a valuation of more than U$10 million or the provision of at least 10 full-time positions in Switzerland or Liechtenstein

Some highlights at a glance:

At the end of September 2018, CV Maps directory contained over 600 companies working with blockchain technology (directly, or as a service provider, such as specialized consultancies, law firms, blockchain organizations and academic institutions).
According to CV Maps database, Blockchain companies employ around 3000 people in Switzerland. The Top 50 alone counts 443 employees. Most companies employ many more people abroad.
The Top 50 companies together have a market capitalization of around US$ 44 billion, however the consolidated value of the sector overall can only be estimated, as many companies do not publish exact data.
The Top 50 companies have a very strong capital base, especially compared to other startups. Many of them have funding in the tens or hundreds of millions.
Five Blockchain Unicorns are either based in or have originated from the Crypto Valley: Bitmain, Cardano, Dfinity, Ethereum and Xapo.

Crypto Valley contains a large subset of the blockchain industry, from health tech to data analytics to e-government. Two secondary areas feature in the top 50 list: the first is broker, trade & exchange and the second is platform & protocol. Each is represented by 11 companies. Other sub-sectors that include many companies are hardware & middleware as well as community, P2P & loyalty.

In addition to CV Maps’ own databases, data used to compile the Top 50 was drawn from information provided by the companies themselves, from crypto exchanges, media reports and social media such as LinkedIn. Where no information was available, estimates were made and declared as such in the CV VC Report. Estimates of worth were rounded into four categories: $10 million, $25 million, $100 million and $1000 million ($1 billion).

“The Top 50 report shows that Crypto Valley has retained its appeal as a location for blockchain companies from all sectors” said Ralf Glabischnig, founder and managing partner of information management firm inacta, which built the CV Maps database.

The new information provided by CV Maps sheds light on the rapid growth rate of Crypto Valley. At the time of its April 2017 launch, the online directory contained 350 companies, just over half as many as there are today.

Partnership with PwC

CV VC’s collaboration with PwC in developing the Top 50 report is part of a long-standing strategic partnership between the consulting firm and CV Labs, the CV VC’s co-working space in the center of Zug.

Daniel Diemers, PwC Strategy& EMEA Blockchain Leader, said: “Crypto Valley has grown enormously in just three short years. Even two or three years ago, there were just 10 to 15 companies in the blockchain industry. PwC was quick to realize the potential of Blockchain and how it is important for companies to understand the technology and to get close to innovative startups in the field“.

“Partnering with CV Labs and CV VC gives our clients this access. From the other direction, we also want to bring startups closer to potential investors and partners“, said Daniel Diemers. PwC has a global team of 2,000 blockchain specialists.

CV Labs, CV VC’s coworking space in the heart of Zug, is home to a growing number of blockchain startups, crypto funds, academic institutions and industry group The Crypto Valley Association since the beginning of 2018. With more than 100 tenants, Crypto Valley Labs has grown fast, opening two new floors of office space in September. “The strategic partnership with PwC shows that established companies are now entering the blockchain industry,” said Mathias Ruch, CEO of CV VC.

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