Monday, December 26, 2022

What Is Bitcoin Halving?





Bitcoin “half-cut” events have taken place several times before. However, what is a Bitcoin halving? How does this affect BTC itself?

The halving event on Bitcoin crypto is one of the best tactics formed by the number 1 crypto developer in the world.

Its main function is to reduce the inflation rate, which results in an increase in the price of Bitcoin itself, if the demand for it also increases.

As befits an economic law where demand and supply will affect the price or value, especially crypto.

So, the more the number of BTC, the more likely its value will decrease. Vice versa, the smaller the number of BTC, the value will increase.

Of course, this Bitcoin halving event had a lot of impact on both the crypto market, miners and crypto holders. The Foundation of the Bitcoin Blockchain Network

Before you understand what a Bitcoin halving is, you must first understand how the Bitcoin blockchain network works.

Blockchain as the technology that underlies BTC basically consists of a collection of several computers running the Bitcoin Core software and contains a history of Bitcoin transactions either in part or in whole.

This process is responsible for rejecting or approving transactions on the Bitcoin network. To do this, the computer that is the node in the blockchain will repeatedly check to make sure this transaction is valid.

Each transaction will be approved separately. This happens only if all the transactions in the block have been approved. After that, these transactions will be sent to the existing blockchain and broadcast to other nodes. The more computers or nodes added to the blockchain, the more stable and secure the process will be.

By the end of August 2022, there are an estimated 15,169 nodes running on Bitcoin. Although anyone can join the bitcoin network as a node, as long as they have storage for downloads of the entire blockchain and transaction history. However, not all affiliated nodes are BTC miners.


The Basics of Bitcoin Mining


Bitcoin mining is a process whereby people will use their computers to participate in processing or validating transactions on the bitcoin blockchain network. Bitcoin uses a system known as Proof-of-work (PoW). This means that miners must be able to provide evidence that they have a role in the transaction process in order to be rewarded.

This business or role includes the time and energy used to run computer hardware and software that is useful in completing complex calculations when the transaction process on the bitcoin blockchain takes place. Bitcoin halving is closely related to the world's largest crypto miner.

The meaning of miners in this case is not mining metal like in the real world. Instead, miners take part in solving mathematical problems and confirming the legitimacy of every transaction that takes place.

Then, the miner will add these transactions in the block and create a chain (chain) of transaction blocks that will form the blockchain. When this block is filled with transactions, miners will get a reward in the form of Bitcoin. Transactions with larger monetary values require more confirmation processes that guarantee their security.


What Is Bitcoin Halving?


Every 210,000 blocks have been mined the equivalent of once in 4 years, the rewards given to Bitcoin miners are cut in half.

The last Bitcoin Halving occurred on May 12, 2020, which reduced the number of Bitcoins in circulation, namely 900 BTC every day or 328,500 BTC per year, quoted from Blockchainmedia.

In 2009, the gain from mining Bitcoin was 50 BTC. After the first halving it was 25 BTC then 12.5 BTC. Then in May 2020 it was 6.25 BTC. So, at the fourth halving expected in 2024, the gain from Bitcoin miners is only 3.125 BTC. You can understand this event better through this infographic.





This system not only affects the amount of BTC in circulation but also keeps the Bitcoin value high until all BTC is scattered. This system will continue until 2140, when the limit of 21 million BTC is reached. When this happens, miners will get rewarded from transaction fees from users.

These rewards serve to maintain the role of the miners so they keep the blockchain and network processes running.

Halving Process Less Than 4 Years

In general, halving events take place once in 4 years. However, if you pay close attention, the event will occur less than the estimated time. The question is why did this happen? As it turns out, the Bitcoin mining algorithm will take 10 minutes (on average) to look for a new block. However, if the number of miners is greater, then the ability to carry out this process will be stronger and the time needed to search for new blocks will decrease.

This will be faster if the mining difficulty is reduced, due to certain events. For now, due to technological developments and the Bitcoin network environment, the average discovery of a new block can be done in just 9.5 minutes.


When Do Bitcoin Halvings Occur?

Halving events in Bitcoin are very important events in the crypto world, because the price of BTC will increase as their number decreases, historically. This event proved to increase the price of BTC massively. For example, in 2012, the price of Bitcoin rose from US$12 to US$1,207 in 2013.

The second halving event occurred in 2016 which made the Bitcoin price increase dramatically from US$647 to US$18,972 in 2017. However, in 2018 the price actually dropped to US$3,716. However, this halving event increased its value by 575 percent.

However, the last halving in 2020 was the most fantastic. Because the price of Bitcoin rose 461 percent from US $ 8,821 to US $ 63,233 which proves the increase in the value of BTC after the halving is consistent with the previous halving.

What Changes When a Bitcoin Halving Event Occurs?

In general, there are theories when Bitcoin halvings occur, namely:
Miner income halves -> inflation halves -> demand is higher -> prices increase -> miner incentives are still available although less but in the process the value of BTC increases

However, it is possible that after the halving the demand and price of BTC does not increase, so miners do not get any incentives. Finally, the rewards for completing transactions on the bitcoin blockchain are getting smaller, and the value of BTC is not high enough.

To prevent this, it turns out that bitcoin has its own way of dealing with it which can change the level of complexity to get the bitcoin reward.

The reduced level of difficulty or complexity certainly makes the effort and resources needed to confirm transactions lighter. So, miners will still get appropriate incentives. So, even though the amount of the prize is reduced, the mining process becomes easier and this tactic has proven successful.

For example, in 2017 to 2018 there was a bubble in Bitcoin which made its price rise to US$19,000 and fall to US$3,700. Its value fell quite drastically, but before the halving, the value of BTC was around US $ 650. So, the income of miners is still quite large.

However, from the system that has been running so far, it turns out that there are many things that affect market reactions and the price of bitcoin itself such as speculation, hype and volatility which makes it difficult to predict. The third halving event occurred during a pandemic and also a shift in regulations from various countries. As a result, bitcoin prices have become even more difficult to predict. Even so, many analysts predict that bitcoin will improve at the next halving, quoted from Blockchainmedia.


What is the Effect of Bitcoin Halvin?

Bitcoin halvings are major events and have a significant impact on various parties associated with the BTC network.

Investors
The bitcoin halving event is a breath of fresh air for investors. Because the value of BTC will increase by reducing the number of these coins which then has an impact on increasing demand.

This will make crypto trading increase drastically. However, the increase in value will vary depending on the conditions of the halving process itself.

Miner
For bitcoin miners, this halving event can be a problem in itself. Even though the value goes up, the amount of BTC itself will decrease drastically. This will make it difficult for small or individual miners because they have to compete with large mining organizations.

Based on research, the capacity of BTC miners is inversely proportional to the price. So, when the price of BTC increases the number of miners on the Bitcoin network decreases and vice versa. These bitcoin halvings not only increase the price of the crypto itself but also increase the probability of attacks on the bitcoin network by up to 51 percent. As the number of miners leaving this network increases, it makes the bitcoin blockchain less secure. Through the explanation above, you already understand what Bitcoin halving is as a whole. You can put these events to good use so you can earn bigger profits with BTC.




Sunday, December 18, 2022

ReferralIndexForum.com Review: Scam or Legit?

 

ReferralIndexForum.com Review 

 


What is Referralindexforum.com?

Referralindexforum.com is a get paid to post forum, where members will be paid every time they make a post/comment and also create a new thread. Referralindexforum.com was founded by Devin From Tennessee, US and this forum site was launched since June 10, 2022. For more detailed information or to register you can visit directly at https://referralindexforum.com

How ReferralIndexForum Works
Before registering, make sure you are at least 13 years old. Next, visit the site: https://referralindexforum.com

Next Click Register on the top right
Fill out the form completely and correctly (see image below)
In the referrer column, type Suba.
Solve Captcha
Checklist, column I agree
and Click Register
Login
You can start activities to make comments and create a new thread

You don't need an email confirmation because it has been deactivated.  

 




Forum Rules

- Maintain content / writing quality
- Place thehead in the right section
- Don't post the same content over and over again.
- Do not copy/paste
- Don't Spam
- Do not post adult sites, racism and other illegal activities


How to earn money from ReferralIndexForum

Get Welcome bonus 1,000 RIF points ($1)
Get 500 RIF from each of your referrals who meet the minimum requirements for making 25 posts
Get 20 RIF for every thread you create
Get 10 RIF for every post/comment you make
Enter the monthly contest


Withdrawals
Minimum Withdrawal is $5.00 (5,000 RIF Points)
Payment methods, PayPal, Bitcoin and Amazon.com
You can also receive, send or exchange/swap with other members according to the payment method you want.

How to Withdraw
New Withdraw Feature
Valid since Friday, Dec 02, 2022

From now on you only need to click on the "RIF.Cash"
Click Withdrawbutton
Click My wallet
Click Request Withdraw

Payment Proof Soon



Tuesday, November 29, 2022

5 Best Crypto Mining Pools

 



What is Crypto Mining Pool?
Crypto Mining Pool is a pooled group of cryptocurrency miners that pool computing resources over a network. Mining results will be divided according to the proportion of each miner's power and processing.

Even though there are many crypto mining pools available out there to mine cryptocurrency, after we have selected and reviewed there are only 5 crypto mining pools that are the best and most trusted in terms of reward payments, network stability and security from hacker attacks.


How Miner Pools Work
The way a mining pool works is actually the same as mining crypto in general, which is different from mining pools, mining is done in groups. Each player will contribute process power to solve the block, if successful they will get a reward in the form of cryptocurrency. The returns will be divided equally for each miner who contributes according to the proportion of processing power for crypto mining.

There are also mining pools that require proof of work for crypto miners to be able to receive returns.

Mining in groups can be done by using a special device or joining a group of miners where there will be many miners and existing devices will be combined to increase their hashing results.

For example, in one pool install six mining devices, now each of them offers 335 MH/s, this can generate 2 gigahashes cumulative of mining power, which in turn can make the hash function process faster.

 

5 Best Crypto Mining Pools for Mining Multicrypto

1. Antpool
Currently Antpool is the largest mining pool in the world, this mining pool has contributed a quarter of global Hash Power. Antpool belongs to Bitmain which also owns Antminer. For the convenience of mining, Antpool offers FPS, PPS +, PPLNS, SOLO Joining Antpool miners can mine about 11% of all existing blocks. For more information, please visit the website directly: Antpool.com


2. F2Pool
F2Pool has been in operation since 2013. Servers are available in Hong Kong and the United States. Currently, F2Pool contributes 5.5 percent of Hash power from all Bitcoin mining.

F2Pool supports us to be able to mine more than 40 crypto, other benefits for every 1 BTC miner will get 5 NMC, 100 SYS, 1 EMC.

Mining Rewards F2Pool determines mining rewards based on PPS+ (Pay Per Share+) calculations and each player's reward will be subject to a commission fee of 2.5%, The minimum withdrawal amount is 0.005 BTC. For more information, please visit the site: F2Pool


3. BTC.com
BTC.com is the most popular mining pool company founded in 2016. run by Bitmain, creator of Antpool and Antminer ASICS. This Mining Pool has contributed 20 percent of global Hash power which has servers in Germany and China.

The average fee is 2.71%. The reward methods provided are in the form of PPS, PPS+, FPPS, and PPLNS systems.


4. Slush Pool
Slush Pool was previously called Bitcoin Mining Pool Server. operated since 2010. Since Sept 2022 Slush Pool has changed its brand name to Brains Pool. Until now, Brains Pool has a very good reputation in terms of network stability and mining accuracy. Brains Pool has contributed 11.4% global hash power. For more detailed information, visit directly: Brainins Pool



5. Binance Pools
Binance apart from being known as a crypto exchange, they have also developed their business in crypto mining. Currently, Binance Pool is ranked fourth after F2Pool. Binance Pool contributes about 11.4% of Hash Power.


Pie Chart of the biggest Bitcoin mining pools


List of contents








Friday, March 18, 2022

How to Use TradingView




Tradingview is one of the most popular platforms for technical analysis among crypto traders. Tradingview will be very useful for all levels of crypto traders. because basically tradingvie is a platform to help traders to analyze crypto prices through charts,

What is Tradingview?
TradingView is a one-stop trading platform that provides information in the form of price charts of crypto assets obtained through various crypto asset trading markets.TradingView combines real-time charts, technical indicators, cross-platform alerts, and social networks. All of these services are available and can be accessed through the website, desktop application, or mobile and tablet applications. Many traders and technical analysts are taking advantage of TradingView's many features to create an environment that should allow users to make informed decisions and trading strategies in depth. When a user displays a chart for a particular crypto asset or stock, through the tradingview platform the user can also view news relevant to that asset.

Is TradingView paid?
If you use tradingview with a free account, the available features are very limited. There are three paid accounts that users can choose from, such as: Pro Account USD 14.95 per month, Pro+ Account USD 29.95 per month, Premium Account USD 59.95 per month

How TradingView Works
You can get started by registering and learning TradingView with a free account first, connect access to the TradingView community, and learn the basics of chart features available to create market indicators. You can find the TradingView feature on the homepage.
At the top are tickers to show trading pairs, such as EUR/USD, BTC/USD and ETH/USD. In addition there are also the Dow, Nasdaq and S&P 500 markets. You can also search for any stock and filter through the Ticker, Trading Ideas, Educational Ideas, Scripts, or People tools. Not only that, you'll also find the latest posts uploaded by top crypto asset writers, current market summaries, latest stock news, economic calendar and crypto asset trends on TradingView's social media section.
can also read various opinions expressed by other users (including well-known traders), and you can also share your ideas and opinions about trading and investing. The social media aspect of TradingView can add enormous knowledge.

How to Use TradingView
TradingView will provide a variety of conveniences for traders and investors alike, which will help you to get a clearer picture of the performance of a crypto over a certain period of time, from one second to several years. Users can view open, high, low, and close (OHLC) data via each candlestick chart on the selected time scale. Not only that, users can also find out the current bid and ask prices and spread values, countdown to the next chart update, and other data information.
To find out how to use TradingView to help you determine the right strategy for trading, you can find out about the various tools and their roles below.

Types of toolbars and their roles
The toolbar on the far left includes the entire set of technical indicators that can be plotted on a chart. From the simplest trend lines to complex Fibonacci retracements and ratios. In addition to the price prediction indicator instrument, this toolbar provides various features that can help you to mark charts. Like icons, highlighters, etc. All of these features can certainly help you make more informed trading or investment decisions. It can also help visualize your thoughts on market conditions which you can share with the TradingView community. The toolbar at the top features the ability to switch graphic types and various overlays. You can also use it to compare the performance of certain assets with other assets (for example, BTCUSD vs ETHUSD) or implement complex indicator scripts by selecting them from the default library or the general library, consisting of other user scripts. The panel located below the candlestick chart can be used to trade the selected asset. In addition, there are options for paper trading or direct trading through brokers verified by you as a user. Paper trading is a simulated real-time trading with hypothetical money to test strategies without risk. This panel also provides backtesting trading strategy options. Finally, the toolbar on the far right contains the social networks of the TradingView platform. On this toolbar, you will find news relevant to the selected asset, asset hotlists, public and private chat rooms, watchlists, and much more.










Friday, March 11, 2022

What is FUD and FOMO

 


In the crypto world, the terms FUD and FOMO are very well known and must be known by investors, so they are more careful in managing cryptocurrencies.This blog also provides a test, are you one of those people who are easily influenced by FUD and FOMO, you only need to answer simple questions honestly.

What is FUD?
FUD is an abbreviation of Fear, Uncertainty, and Doubt, or what is often a pun as Facts U Dislike. Fud is often created and used by investor whales to lower the price of a crypto, so that investors can buy crypto at a low price. In order to cause FUD these big investors spread news that can cause fear and doubt to novice retail investors, these whales also sell some of their crypto so that the price goes down, novice investors think that crypto prices will really crash, so they rush into it. hurry to sell their crypto, then the price of crypto will drop even more, the price of crypto will drop to what the whales want, and this is when the whales buy crypto in large quantities. Experienced investors will be quick to respond if there is a FUD spread, they will remain indifferent, and keep their crypto HODL, or not sell it and just have to wait for crypto prices to return to normal.

What is FOMO?
FOMO stands for Fear Of Missing Out, or the feeling of fear of losing the opportunity to get big profits, so novice investors flock to buy crypto. FOMO is often used on new coins/tokens, or old crypto that is less well known but suddenly the price goes up, usually whales or through influencers tweeting on social media, they (whales) also buy large amounts of the crypto they are promoting, so the price really go up, of course there will be many new investors flocking to buy the crypto, After the crypto price reaches the height desired by the whales then suddenly the whales sell their cypto in large quantities, so the whales will make a big profit.

What can be done to avoid FUD?
To avoid FUD, when crypto prices fall, we need to look for valid news from various sources, so we will get deeper information about a crypto and need to do crypto price analysis, Don't panic and rush to sell all the crypto we have at low prices.

What can be done to avoid FOMO?
You can avoid FOMO by analyzing and calculating the risk of every time you buy a crypto (coin/token), thus avoiding buying crypto at a price that is too high. For example, if you believe an asset has a bright future, but it is already too expensive. Don't put all your money in at once to buy the asset at the high point. Because it is possible that the price of these assets can fall.

From the explanation about FUD and FOMO, it can be concluded that investing, especially in cryptocurrencies, cannot be done based on emotion alone. From the two terms above, you can learn to avoid trading based on fear. If you start to see FUD, study price analysis again and adjust it to your trading strategy. Then if there is a sense of FOMO when a coin looks like it has potential, re-study the chart of the coin and throw away emotions when trading.




Thursday, March 10, 2022

Why Are Cryptocurrency Prices So Volatile?

 


1, Markets are narrative driven.
Cryptocurrencies do not generate returns like equity instruments that have revenue and profit data. The value of crypto assets cannot be estimated through ordinary capital market approaches such as through a company's financial performance or traditional fundamental indicators such as the price to earnings ratio. What happens is, the price of crypto assets is strongly influenced by certain narratives or news. For example, the rapid increase in the price of cryptocurrencies in 2020 was driven by Elon Musk's tweets on Twitter and his views on crypto assets.

2. Trading volume on crypto asset exchanges cannot be measured,
while on-chain size data cannot explain the actual conditions of the crypto market. The crypto market is formed from a network of diversified exchange platforms and providers rather than one centralized exchange. As a result, each crypto-asset exchange platform has different crypto-asset prices from one another. In other words, cryptocurrencies do not have a single price. This is different from the conventional capital market, where data on prices and volumes of securities traded clearly correspond to activity on the stock exchange. Investors also have difficulty measuring the trading volume of crypto assets because the on-chain volume data of a cryptocurrency does not reflect the total trading data that occurs across all crypto asset exchange platforms.

3. Momentum and volatility occur when the market responds to the trading algorithm.
In theory, cryptocurrency prices between crypto trading platforms do not differ much from each other due to the presence of algorithm-based trading in them. However, in reality, using algorithms for trading can make prices move drastically. For example, a decrease in the price of a crypto asset will trigger a “sell” action if the trader places an automatic sell at that price level. Unfortunately, this event will also be read by other market participants as a sell-off, so other traders will be too talkative by selling their crypto assets.

Wednesday, March 9, 2022

Factors Affecting Crypto Prices

 

Although the main factors that determine the price of crypto are supply and demand factors, there are several other factors that determine the price of crypto. Here are other factors that influence the volatility of crypto prices.

1. Monetary Policy and Tokenomics
Crypto supply greatly determines crypto price movements, so it is necessary to manage crypto supply which is known as "Monetary Policy", while its impact on crypto investors is known as tokenomics. To determine the number of coins/tokens in circulation, each coin/token has its own governance policy. In a crypto case, governance can be determined through voting (based on the number of crypto holdings), or using a centralized method, through a special crypto management board tasked with controlling the crypto supply. Some crypto developers, through their special board choose to burn crypto to reduce the amount of crypto supply in circulation. Like Ethereum, Binance Coin, Shiba Inu etc.

2. Production Cost
Crypto mining activities require mining costs, ranging from computers, mining hardware, air conditioners, electricity costs etc. All mining fees will have an impact on the crypto price.

3. Demand for Blockchain Technology
The demand for a crypto asset will soar if the crypto community takes advantage of the blockchain technology which is the home of the cryptocurrency. This happens because the fees for using the blockchain are paid using the blockchain's native cryptocurrency. So the demand for cryptocurrency will be in line with the increasing use of blockchain. There are various reasons why the crypto community swarms over a particular blockchain technology. Usually the three main reasons are better transaction scalability compared to other blockchain technologies, the emergence of new features, and the low transaction costs of utilizing the technology.

4. Mass Adoption of Retail and Institutional Investors
The massive increase in the use of the coin will lead to a strong price increase. This is because most cryptocurrencies have a limited supply, so an increase in demand will certainly raise their price. It's just that, to be mass-adopted, cryptocurrency must have clear benefits in the real world, for example, it can be used as a means of everyday payment. Cryptocurrencies such as Bitcoin have been adopted by institutional investors as a store of wealth. Hence, the price had increased and reached the point of US$ 60,000 per chip in early 2021. In addition, El Salvador also plans to use Bitcoin as an official means of payment in the country. Meanwhile, the pattern of cryptocurrency adoption by retail investors forms a bell-shaped curve, as shown in the following figure. Only 150 million individuals in the world hold crypto assets. When compared with the world population of over 6 billion, it can be said that the adoption of cryptocurrencies in the world is still in its early stages.
Both retail and institutional investors are starting to look to the long-term value of cryptocurrencies. The rapid increase in the prices of several crypto assets in 2021 is proof that the strong demand from institutional and retail investors continues to increase the demand and prices of cryptocurrencies. In addition to supply and demand, global macroeconomic conditions also have a strong role in influencing the price movements of crypto assets.

5. Fiat Currency Inflation (USD)
The price of crypto assets, especially coins that have clear uses, should increase amid moves by global central banks to continue to print money and implement low interest rate regimes. This can happen because the characteristics of the supply of fiat money are different from those of cryptocurrencies. The supply of crypto assets is fairly limited, so people should switch to this instrument if the amount of fiat money in circulation increases. It is important to remember that Bitcoin was created in response to the massive printing of fiat money (USD), which was being done by central banks around the world to deal with the global financial crisis. This move is likely to be repeated in every economic recession where policymakers have no choice to stimulate economic growth other than cutting interest rates or printing more money. 25% of the US Dollars in circulation today were minted in 2020. In addition, owners of crypto assets also now have the opportunity to profit from saving crypto assets by obtaining higher returns than saving in conventional banks. Now, this can be done along with the widespread use of decentralized financial applications (DeFi). High yields and tight inventories make crypto assets useful as hedges against inflationary scourges caused by printing money.

6. Government Regulation
A series of government regulations can affect the demand and supply of crypto assets. This condition can occur because the government has the authority to regulate, tax, or even prohibit cryptocurrency activities, which will usually lower the price of crypto assets. Crypto investors not only need to understand crypto regulations in their country, but also need to observe how the United States regulates crypto in their country.

7. Momentum
Like any other financial market, the price of crypto assets is determined by speculation. Retail traders, institutional investors, and global hedge funds have different views on market conditions and these differences can affect the price of cryptocurrencies. Price movements in the crypto market can be very fast and wide. This happens because many traders are using algorithms in exchanging cryptocurrencies. If the crypto price penetrates a certain point, the algorithm system will execute a buy or sell action. This action will then trigger the actions of other traders where their actions will then also affect the movements of other market participants. Since market participants tend to find it difficult to judge the price of crypto through fundamental aspects, attention is then directed by horrendous issues and news or calls to buy or sell by crypto advocates. For example, the price of crypto can crash when a crypto asset influencer, such as Tesla retainer Elon Musk, posts a tweet or creates a meme about cryptocurrency on his Twitter account.


Monday, February 21, 2022

5 Best Sites for Predicting Crypto Prices

 


For traders and investors should always and constantly monitor the state of crypto market prices and the possible evolution of crypto. Although all crypto price predictions are not 100% accurate, they will at least be a reference or guide before analyzing crypto prices using graphic patterns or price trends. So we need to open sites that predict crypto prices, as additional information. To help you with your trading strategy, we have created a list featuring some of the best cryptocurrency price prediction sites.

1. Walletinvestor


Walletinvestor is a site that focuses on all things financial, including forex and crypto. The company's goal is to provide an accurate price prognosis and to display the current exchange rates of various currencies. When you select a crypto, you will be brought to a page with easy-to-understand charts, forecasts and comparisons with other cryptocurrencies. You can view predictions for a specific asset by selecting from a range of 2-week, 3-minute, 6-minute, 1-year, and 5-year forecasts. This system makes this site perfect for active day traders and HODLers. Crypto predictions are made for each day of the month and also display the minimum, maximum, and average price of a coin. Cryptocurrencies with medium or low trading volume only have predictions that last for the next few months. There are far more crypto assets and predictions and analysis for them than with forex assets. The site also features a blog section called “Magazine” which consists of various articles on Blockchain technology and market news.

2. Tradingbeasts.com



One of the most used cryptocurrency price prediction sites is TradingBeasts. Unlike other financial platforms, it only focuses on cryptocurrencies and their monthly forecasts. Regardless of trading volume, TradingBeast makes predictions for over 400 coins over the next three years. Each crypto has a monthly maximum, minimum, average, closing price, and there is also a percentage change displayed.

3. Fxstreet.com

Fxstreet is a site dedicated to analyzing crypto and forex assets. Their daily crypto reports feature analysis based on charts and trading signals, which is more suitable for short-term trading. The site also includes guides to technical tools, crypto trading strategies based on specific indicators, how to buy cryptos, and how to trade in regulated markets, such as crypto futures.


4. Finder.com


Finder is a crypto site that has various guides on hundreds of coins and contains tutorials on how to buy, trade and store them. The website also has great reviews for various exchanges and wallets as well as instructions on how to use them. The site has a section that displays price predictions for many cryptos while looking at the various factors that can push prices up or down, but these predictions are only on an annual basis.

5. U.today

U.today features a variety of crypto-related content, such as price analysis, opinions from leading figures, news, stories and guides on mining, wallets, exchanges, trading bots, cryptocurrency trading, dapps, crypto lending, and blockchain. The site posts predictions based on analysis of the latest charts and indicators almost daily, focusing on Bitcoin, Ethereum, XRP, Tron, and EOS.

Saturday, January 15, 2022

Crypto Market Psychology

 



Because it always involves humans, the crypto market will always not escape market psychology, because humans have feelings of fear and greed. On an individual scale, this would be called trader psychology, and on an overall scale, this would be called market psychology.


What is Crypto Market Psychology?
Of course, when it comes to short-term and long-term price movements in the crypto market, there will be two-way differences. Not only will it be the difference to see if the price will go up or down, it will also be the difference between whether the price will continue to rally or consolidate. The psychology of the crypto market is a psychological picture of the actors in it, who ultimately move the market because there is a winner (a majority point of view) who moves it. Of course, in every price movement, there will always be parties who make profits and gain losses at the same time because the money has flowed to those who have won. When the price strengthens, it means that most market participants think that the price is under its proper value (undervalued), or it could still be in a bullish trend. On the other hand, when the price weakens, it means that most market participants think that the price is in an overvalued position, or it could still be in a bearish trend.
What Affects It? While there are quite a number of factors, there are two general factors that greatly affect the market, both in the short term and in the long term. These two factors are technical and fundamental factors. Two factors that are very commonly used in various other markets such as the foreign exchange market (forex), commodities (gold, silver, palladium, oil, cotton, etc.) and stocks. However, it should be underlined that, all these factors will lead to a level of balance between the “demand and supply” of an asset in the crypto market. This is the essence of asset price movements.

Fundamental Factor
In terms of fundamentals, market participants, traders and investors will use the sentiment of an economic news as the basis for reading the prospect of future price movements. For example, when China banned crypto mining in mid-May 2021, market participants entered a fear phase that led to a massive sell-off. Why? That's because psychologically, they are worried that there will be a downside for crypto assets so they liquidate their holdings to observe how the market will go. Looking for security makes investors look at other assets that are less risky, such as the US dollar, because at that time there was hope for stimulus and so on that made the US currency strengthen until the end of 2021. And most recently, when the US inflation data hit its currency, crypto assets tried to bounce back in mid-January as the market's rapid attitude to risk appetite made risk assets like crypto look back. Is this a sign of a recovery in the crypto market? Not necessarily. The news may only be short term because this will depend on how big the impact this sentiment has on the global economy. 

Technical Factor
From a technical point of view, market participants will stick to the signals of past price movements, or commonly known as price action. In price action, market participants will usually use a mapping called the support and resistance (SnR) area.



The SnR area will usually be mapped from the main high and low points of a price movement. It can be seen, when the price goes up to enter the resistance area, the price starts to get a strong selling resistance. Meanwhile, when the price enters the support area, the price starts to get a strong buying resistance. Indeed, to be able to map the area, it takes a lot of experience and flying hours. However, this is what makes traders able to gain profits faster than investors. Take advantage of the huge price volatility in the crypto market. In addition, the use of tools such as indicators and technical tools is also commonly used to help traders make their trading decisions. But make no mistake, technical analysis can also be used as a guide for long-term investment. On the other hand, fundamental analysis can also be used as a guide for short-term transactions. In essence, these two factors are the driving force of the human psychology in it, to move simultaneously (on a massive scale) and to become the psychology of the market that drives asset prices, in this case, crypto assets.


Sunday, December 26, 2021

How to Trade Cryptocurrencies



(for novice traders)
If you are familiar with cryptocurrencies either through faucet sites or through crypto forums, and you have decided to become a crypto trader, you have come to the right place for a post that will guide you to become a professional crypto trader. You need to know that the crypto market is the most volatile, high volatility market, but if you have the skills and experience you will get profits every day. This post will try to explain about various strategies, and explanation of how to develop a systematic trading approach.


Crypto Trading Basics
Actually crypto trading relies on speculation on future crypto price movements, for example, when you trade Ethereum, you will predict whether the price of Ether will go up or down in the market. so that every time your trading activity, both buying and selling, will always make a profit.
Simple Example of Crypto Trading You will be trading Cardano (ADA) vs USD (you can also use stablecoins like USDT, USDC etc). and will certainly be the crypto pair denoted ADA/USD on any crypto trading platform or exchange. Currently the price of ADA/USD is $1.46, and you buy 100 ADA for $146. A few minutes/hour later the price of ADA goes up to $1.60 so the price increase is 9.58%, Your capital is $146 and will make a profit of $13.99 so your capital increases to $159.99 (should be $160 due to rounding). so trading crypto time is very short, unlike investing. So in crypto trading you can take advantage when the price goes up or down the most important thing you can predict the market price correctly.

Crypto Trading Pairs
In the crypto world, crypto pairs traded are cryptocurrencies that can be exchanged for each other. For simplicity, we categorize them into two, namely Crypto-cross trading pairs and crypto-fiat money trading pairs. 

Cross Crypto Trading Pairs.
Crypto-cross pairs are pairs between different cryptos and we trade with each other. If you look at the trading pair BTC/LTC - means Bitcoin (BTC) as the Base cryptocurrency while Litecoin (LTC) is the Quote cryptocurrency. Procedure BTC/LTC trades are priced at 320 LTC, meaning to earn 1 BTC it takes 320 LTC. In practice trading using cross crypto pairs (between crypto) will be a bit more complicated especially for novice traders. As a crypto trader you have to calculate/analyze whether the exchange rate of this cross-crypto pair will go up or down, therefore more crypto traders use fiat money pairs both USD and local money. 

Fiat Money-to-Cryptocurrency Pair or Vice Versa

Fiat money to crypto pairs apply fiat money pairs (USD, Euro, YEN or local money) to Cryptocurrencies such as (BTC/USD). Currently the Bitcoin price is $50k. Almost all crypto exchanges provide USD pairs, but if not available you can use stablecoins. Fiat-to-cryptocurrency pairs or vice versa are often traded via CFDs (Contracts for Difference). So when trading crypto you don't need to own crypto directly. The main advantage of trading CFDs is getting access to zero commissions and tight spreads. Apart from that, you will also have the option to apply leverage to your trades, as well as sell short easily.

Crypto CFDs
The most popular way to get involved in short-term cryptocurrency trading is through CFDs. As we noted earlier, CFDs allow you to trade cryptocurrencies without taking ownership of the underlying asset. In other words, you don't have to worry about yourself keeping your cryptocurrency in a digital wallet or the security of your digital funds. CFDs will only reflect the price of the cryptocurrency and give you the opportunity to profit from both falling and rising markets. For example, when you believe that the price of a cryptocurrency will soon go up, you can take a long position and place a buy order. Once the price goes up, you will create a sell order to cash out - making a profit in turn. On the other hand, if you think that the value of the cryptocurrency will go down - you can go short by first placing a sell order. If your speculation is correct, you will place a buy order to cash out and thus, make a profit.




Monday, December 20, 2021

Crypto Potential, Metaverse Themed

 



Currently, the Metaverse is one of the most popular objects discussed in forums, websites, and in everyday chats. in simple language Metaverse is a new digital world that upgrades the social experience of the community so that it feels more real.

Through Metaverse, users can meet directly with the people they are interacting with, both from the avatar they play, or ourselves who enter the world of Metaverse with Virtual Reality (VR) devices. Metaverse has promising prospects considering that more and more people are spending most of their time in the virtual world, both in games and on social media. Especially now, the crypto market has its own sector for this Metaverse theme.

"Recently (the metaverse theme) has gone up rapidly, and is closely related to gamefi (game play to earn) and the NFT system, where every asset in the game or the Metaverse is registered as ownership in the blockchain, and can be resold to other people. , like assets in the real world,”

Referring to Coinmarketcap, the three Metaverse-themed crypto assets with the three largest capitalizations are Axie Infinity (AXS), Decentraland (MANA), and Sandbox (SAND). When viewed as a whole, the market occupies positions 27, 28, and 39 for the largest capitalization rankings.

When viewed from the value of use and case, MANA and SAND have similarities because they provide a virtual land that can later be purchased and used by each user. Not to forget the existence of virtual avatars and Non-Fungible Tokens in it that can be used by users. While AXS, although it has a Metaverse theme, its use and case values ​​are quite different. Because AXS offers a game play to earn concept that allows users to play games and get tokens that can be exchanged for fiat money.

However, all three of them produce tokens in them that can be transacted on exchanges like crypto assets in general. At some point in the future Metaverse can be used as an investment asset like in the real world. For example, building houses, properties such as clubs or rides where visitors who come pay with tokens and these tokens can later be exchanged for money.

In addition, the land can also be used to rent billboards for brands who want to advertise. Not to mention, the potential for new entrepreneurs in the Metaverse world who employ people with virtual jobs who will be paid in the form of tokens which can later be exchanged directly for fiat money.
Now it may not be like that, but the infrastructure is being prepared. In fact, many people and brands have bought this virtual land. For example, the famous rapper, Snoop Dogg, who bought land in the Sandbox and built a large mansion in which there was a private party. Later people can buy tickets in the form of Sandbox tokens, namely SAND. There is also the famous DJ Steve Aoki who bought land in the Sandbox which will be used for concerts at the Metaverse. Furthermore, the presence of large companies in the Metaverse is also said to be an opportunity for its future development. Call it Meta (a rebrand of Facebook) which poured funds of US $ 10 billion this year to build the Metaverse.





How to Diversify Investments in Cryptocurrencies

 


Currently, the number of coins registered on Coinmarketcap is 8410 coins. Although many of them are dead or stagnant and are not widely traded in the market. From the number of cryptocurrencies listed on Coinmarketcap we have to divide the investment into several portions that are most appropriate for diversification.


The Purpose of Diversifying Investment in Crypto
The main purpose of diversification is to protect crypto from the effects of market price fluctuations. If we invest in several cryptocurrencies, when one crypto goes down in price the other crypto will go up in price, thus avoiding big losses. For newcomers, of course, it will be difficult to choose investment instruments in the very large number of crypto markets, so it will be difficult to determine the combination of crypto for their investment portfolio. Here are some ways to diversify that you should try:

Diversification based on Total Capital (Money).
The amount of capital is very important to determine diversification as a first step, how many coins we should hold according to the amount of capital. If we only have less than $20,000 we should only invest in one or two cryptos, with the proportion of 60% and 40%. and if we have more than $50,000 we can invest in more than 3 crypto and maximum 5 crypto, I think too much diversification is also not profitable.

Diversificaton By Percentage
Assuming you have more than $50,000 in capital, this percentage will adjust your investment diversification to suit your needs and risk preferences as an investor.

1.Portion 50% to 60%
Use about 50%-60% of capital on blue chip crypto (Bitcoin and Ethereum). In managing crypto investing diversification, these two assets should account for 50% to 60% of your crypto portfolio. Bitcoin (BTC) and Ethereum (ETH) are the 2 largest cryptocurrencies by market cap. Both have established themselves as the 2 most valuable digital assets in the market to date. That is why, these two cryptocurrencies receive most of the inflow of new investors in the digital asset market. Moreover, various predictions made by professional analysts say that both trends will continue to rise in 2022.
Meanwhile, the division of ownership of Bitcoin and Ethereum must be in accordance with your beliefs and risk preferences. Generally, Bitcoin amounts to more than Ethereum.

2. Portion 30% To 40%
This second portion is intended to invest in intermediate cryptos under Ethereum such as Binance coin, Solana, Cardano, Terra, Litecoin, Avax etc. Around 30% to 40% in your investment portfolio should be used for these Altcoins. The Top 25 Altcoins have managed to prove themselves as cryptocurrencies with a potentially bright future. However, in diversifying crypto investments, you should still be careful, because this group has higher volatility than Bitcoin and Ethereum. Why choose cryptocurrencies in the top 25 rankings? Because, these cryptocurrencies will often be looked at by financial institutions and Hedge Fund Managers as instruments with high ROI, rather than other investment instruments such as Forex, Stocks, Stock Exchanges, and Bitcoin. Altcoins are generally considered to be still immature and still well on their way to reaching the pinnacle of their goals. Thus, its maximum potential has not been fulfilled and can still be used to take advantage by buying strategies at low prices.

3. 10% portion
You can invest 10% of your total capital in newly issued tokens and start trending on Coinmarket and social media, but it's best to learn before buying or investing in its functions, benefits, and risks. This way, you can be sure that the token has a high potential to successfully attract market attention, and to make a profit in the short term.



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Sunday, December 19, 2021

Who's Crypto Whale?

 




Crypto Whale has always been an interesting topic on social media, blog forums, websites, etc. Because their existence and activities are able to shake market dynamics, so that the ups and downs of crypto prices will always be associated with the activities of the whales. in this post I will try to explain about whales, who are the crypto whales and where do they trade?

What is a Crypto Whale?
Crypto whales are simply a term for a person or group of people/organizations who hold large amounts of cryptocurrency and have the ability to control the movement of the crypto market. So that volatility and liquidity in crypto is often influenced by the decisions of the whales. It could happen that a whale only has one type of crypto (eg only Bitcoin) or they also have several types of cryptocurrencies such as BNB, Solana, ADA, Ethereum etc.

Who is the Bitcoin Whale There are many crypto whales scattered out there, but in general they are anonymous, so it is difficult for us to know who the crypto whales are, but to make it easier we can group crypto whales into 4 groups, namely:

1. Crypto Exchange
The amount of crypto storage on crypto exchanges will always increase every day, either from profit or additional capital with their aim (crypto exchanges) increasing liquidity and increasing the amount of crypto in their trades. The accumulation of crypto on exchanges that occur over the years will become the center of crypto storage, so it is not surprising that crypto exchanges will become the first crypto whales such as Binance, Coinbase, Kraken, Gemini, Okex, Bitfinex etc.

2. Institution
Many institutions keep their funds in the form of cryptocurrencies either as investments or as hedge funds. It is easier to identify institutions that are crypto whales, because in general they are broadcast on social media or disseminated through websites. Institutions classified as crypto whales are as follows: Grayscale, MicroStrategy Inc, Galaxy Digital Holdings, Tesla, Square etc.

3. Crypto Mining Pool
We would never have guessed that crypto mining pools are included in the group of crypto whales, we don't know for sure how much they mine, how much crypto they sell, and how much crypto they keep as a long-term investment. A year ago China was the largest Bitcoin mining company in the world, more than half of the Bitcoin in circulation was mined by China. Here are some trusted big Bitcoin mining pools such as: F2Pool, Antpool, Binance Pool, ViaBTC, BTC.com etc.

4. Individual
Individuals who are classified as whales are mostly early investors when buying Bitcoin at very cheap prices. and they keep it for years. Many new rich people were born from cryptocurrency such as: Cameron and Tyler Winklevoss (founder of Gemini exchange), Brian Armstrong, Sam Bankman-Fried, Chris Larsen, Michael Saylor etc. In general, individual whales are unknown, but when they sell Bitcoin in large quantities it will shake up the crypto market, causing a stir in the crypto world. The creator of Bitcoin Satoshi Nakamoto is also very worthy of being classified as whales, because it is estimated that Satoshi has mined more than 1 million Bitcoins. Currently more Bitcoins are stagnant in wallets (not moving) to any address.

The Effect of Whales on Crypto Prices
The crypto whales not only store their crypto in their wallets and leave it for years, but there are also many whales who are active in crypto trading, so that it will always move the market price. Of course, because the whales hold large capital so they are able to control prices, whatever their activities, whether buying or selling, will affect the crypto market. Wise whales will certainly not immediately buy crypto in large quantities but they will use a macro buying strategy, where he buys crypto gradually where the price drops 1-3%, so that the effect of buying whales will not directly have a negative impact on the market.


Where the Whales Trade
Whales often use different methods to trade crypto, so each crypto transaction method used by whales will have a very different impact on market conditions. Here are the transaction methods that whales often use:

1. Over the counter (OTC)
Over th counter is trading outside the crypto exchange, the dealer (seller) will act as a market maker who determines the selling price, until the agreed price occurs. These market participants transact using telephone, email or electronic trading systems with large-scale transactions. This OTC trading method has almost no effect on the market price as it does not involve an exchange.

2. Wallet to Wallet
Over The Counter trades between whales often occur only when crypto is transferred from one wallet to another, so it is rarely known by the public and is private in nature, with almost no effect on market prices.

3. Wallet to Exchange
Currently, although there are many exchanges with high liquidity and able to pay large amounts, some exchanges have limited the number of transactions, For example, Coinbase has a purchase limit of up to $25,000 dollars per day. Kraken only allows us to withdraw/withdraw up to $2,500 per day and $20,000 per month. Circle has a withdrawal limit of up to $3,000 per week.

4. Exchange to Wallet
An exchange to a wallet is the opposite of a wallet transaction to an exchange, where the whales will withdraw large amounts of crypto to their wallet, if the exchange does not set a withdrawal limit then the supply will be greatly reduced if the assumption of a fixed number of requests then the price will rise.

5. Exchange to Exchange
It is possible that whales will also transact from one exchange to another, to get the price difference from their arbitrage trade, although the price difference is relatively small, but because whales trade in large quantities, they will get big profits too.







Thursday, December 16, 2021

How to Measure the Potential of a New Crypto

 



How to Measure the Potential of a New Crypto
We are often affected by FOMO (Fear Of Missing Out), where investors buy new crypto when the price trend is up, because we are afraid of missing out on profit opportunities, but unfortunately a few days later the price of the new crypto drops drastically, so only early investors get big profit while new investors only lose money. Many new types of crypto have emerged with various attractive offers, although each new coin/token can create profit opportunities, as investors can buy crypto at a low initial bid price. then target the selling price to take profit when the popularity and price of the crypto is almost at its peak. Of course, this way of investing is very risky, because there is no guarantee that every new crypto will become popular and become an investment and the price will tend to rise. Many cryptos fail to compete and even die before they thrive. Therefore, if you are interested in buying new crypto either for your main investment or just as a crypto portfolio diversification, you should pay attention to 7 Tips to identify potential new crypto opportunities:

1. Developer History
Visit the white paper site, check the Developers of the new crypto project, (Can also use Google Search). There are a few questions you can be sure of. For example, what other projects have the developers done in the past? Are they experienced in technology or in cryptocurrencies? If the founding team of a new crypto project has little experience, you should avoid the crypto. On the other hand, if the team has a good history and appears to have close relationships with other major players in the crypto industry, that is a good sign for the future of the cryptocurrency you are eyeing. In addition to looking at the experience of the development team, you also need to see how they interact in the crypto community. If they are active on social media and responsive in answering questions from other crypto users, then this can be a plus for the new crypto.

2. Developer Commitment
Did the development team try to maximize its productivity and maintain strong communication? Or do they just not appear to be active in their GitHub repository? You need to make sure of these two things, because an active developer is a sign that the team is always committed to improving the performance of their product, and will fix bugs as soon as they arise. Check the code repository to see how many issues have cropped up, how many issues have been closed, and how quickly the work got done.

3. Community Strength
If the development team looks good, it's time to start reviewing other users' opinions. Of course, you are entitled to your own perspective. However, monitoring other people's perspectives can shed light on issues or highlight aspects you haven't thought about or considered. Cryptocurrency forums like Bitcointalk, Cryptorum, Reddit and CryptoCompare etc are examples of ideal places/forums to explore and ask questions. In the forums, you will be able to see what community members are saying about the new coin you are reviewing. In fact, public support is important, as it can be an indication of the future growth of crypto.

4. Funds and How the New Crypto Is Distributed
We need to know the funds they use as capital for the creation of new crypto, the bigger the funds, the more likely the new crypto will be more stable in the future. Apart from that, investors also need to evaluate how the new crypto is distributed. If the coin distributes less than 50 percent of the circulating supply to the general public, it can become a Flag and will only lead to a Pump and Dump scheme.

5. Trading Volume
Trading volume is a good sign of liquidity in the market. In general, the higher the trading volume, the easier it will be for you to exit a buy transaction and liquidate the profits from the previous position. Thus, high Volume indicates stability and low risk. If the trading volume is too low, you may not be able to sell whenever you want, making it difficult to realize your profits or stop your losses. Apart from that, you can also use trading volume as a tool to analyze the strength of price movements. Weaker trading volume when prices are rising usually indicates an imminent decline.

6. Market Capitalization
Market capitalization is also an important indicator to measure the risk inherent in new cryptocurrencies. As with stocks, a larger total market cap is generally an indication of more reliability and stability for the crypto coin. In addition, cryptocurrencies with a high market cap are not susceptible to market manipulation.

7. Traded on Exchanges
The last fact to check is how many major exchanges trade the cryptocurrencies. Crypto exchanges usually have their own filter in choosing the assets they trade, so you can use them to gauge the potential of the crypto you are interested in. However, the exchange will not list assets that are less well-known and uninterested by its clients. If your chosen coin is listed on major crypto exchanges, and there is significant support for the cryptocurrency to stay there, then it can be concluded that the cryptocurrency has considerable potential.


Ask Yourself
Besides the review and analysis on the new crypto above you also need to ask yourself questions before buying/investing in the new crypto, so you will get the answer for yourself. Let's get started.

1. Measure Your Risk Tolerance?
You need to measure your risk tolerance, because crypto volatility is very high, even higher than forex, stocks and bonds. Are you ready to lose your money? If your risk tolerance is low, you should choose a safer type of investment. but if your tolerance is high you will get a chance to get bigger profit (but use cold money to invest in crypto).

2. How Do You Invest in Crypto?
Before investing you should determine how you invest in cryptocurrencies, whether mining crypto, or trading with a forex broker or trading directly on a crypto exchange.

3. Types of Investors
Determine whether you are a short-term investor (trading) or a long-term investor. Trading will be profitable quickly but risk is high, long term investment is safer and easier, you just need to buy new crypto and keep it for at least a year.


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Monday, December 13, 2021

Types of Crypto Trading





What is Cryptocurrency? 
Cryptocurrency is digital money that runs on blockchain technology and is decentralized, has no authority, and is not controlled by anyone. Transactions are carried out anonymously and are recorded and secured using blockchain technology, which is similar to a bank ledger. Some of the famous cryptocurrencies are Bitcoin, Ethereum, Solana, Binance Coin, Dogecoin etc. You can use cryptocurrencies to buy goods and services, although many people invest in cryptocurrencies as they do other assets, such as stocks or precious metals. Even though they cannot be physically seen or touched, Cryptocurrencies have value. Cryptocurrencies can be stored in 'digital wallets' on smartphones, computers. Web, and cold wallets.


Types of Crypto Trading
Before entering the world of crypto trading, we must first get to know the types of crypto trading available on exchanges today. so that we will not be wrong to choose the type of trade we want. Here are some types of crypto trading that we often encounter in the crypto market, including:

Spot Trading
Spot trading is a direct process of buying and selling cryptocurrencies, based on the current market price, generally using fiat money (USD). Spot trading is not much different from buying and selling transactions in the goods market, and we will directly own the goods, or get money if we sell goods. So that Spot trading in crypto trading is a basic trade that must be mastered by crypto traders. Spot price is the current market price or also known as Cash Market because traders make payments before executing transactions. On crypto exchange platforms, traders will use Market Orders, traders can buy, sell or just swap crypto. Through crypto exchanges traders can also trade directly with other traders, which is called Over the counter (OTC). 

How Spot Trading Works
How Spot Trading Works The way spot trading works is very simple, easy and fast, we only need to enter a crypto exchange and when the price is corrected we buy the crypto we want, for example BTC, we can use fiat money or stablecoin, then we store it on the exchange not withdrawn to a personal wallet (for avoid transaction fees), Then when the price of the crypto goes up we sell it to USD or to Stablecoins. Profit is the difference between the selling price minus the purchase price.

Trading Margins
Margin Trading is a type of crypto trading where traders can obtain capital loans from third parties or from brokers, thus providing the opportunity to earn greater profits and risks.
How Margin Trading Works
Before opening margin trading, traders must deposit initial funds or initial margin, and must also have a maintenance margin that is useful for maintaining positions.

Leverage
In simple language, Leverage is the amount of debt that will be used as additional crypto trading capital, so it is expected to increase profits. The money or capital you invest is called margin, while the amount of money/capital you borrow is called Leverage. In crypto trading Leverage is displayed in the form of a comparison eg 1:10 1:25 1:50 1:100 etc. meaning that your capital will be multiplied by leverage, for example 1:10, if you need $1,000 of capital to open a long position, then you only need $100 of capital.

Peer-to-Peer Trading
The P2P network allows verified buyers and sellers to transact crypto directly, eliminating the involvement of third parties. If there is a seller who offers a crypto (eg Btc) at a predetermined price then there are buyers who are interested and contact the seller. It often happens in Peer to Peer trading that crypto prices are below the market price by around 1-15%. P2P trading will benefit buyers as they can buy crypto at below market prices from all over the world.

Copy Trading
Copy trading is one of the services provided by crypto exchange platforms, novice traders will copy the positions of expert traders, by linking accounts owned by novice traders. Expert traders will ask the copy trader a commission from 1% to 50% of the copy trader's earnings. If the copy trader has linked their account with the expert trader then any position action taken by the expert trader will be automatically copied to the copy trader's account. No expert trader always makes a profit, therefore if a copy trader sees a decrease in profits in an expert trader, then don't hesitate to take cut loss action.

Crypto Futures Trading
Future Trading Crypto is a derivative instrument, namely cryptocurrency trading with a futures agreement to buy/sell crypto at some point in the future and the price has been determined in the contract. Futures trading is mostly used by professional traders for both long and short positions. Future trading focuses more on price speculation in the future, Buyers take long positions hoping the price will rise in the future, while sellers take short positions if they anticipate a price decline. At the expiration or expiration date of the contract, both the seller and the buyer conclude the contract, and the contract is closed.



Friday, December 10, 2021

Coinpot.in Review



Coinpot.in site registered on Jan 19, 2021, is a free multicrypto earning site, where members can earn crypto for free in many ways such as faucet, ptc, shortlinks, daily bonus, offerwalls, mining, tasks, games etc, Members who are inactive for 30 days then the account balance will be returned to zero, so each member must be active to maintain their balance. Minimum withdrawal $1 or 10000 Coins Payment methods: Direct, Coinex, FaucetPay, ExpressCrypto, Supported Crypto: BTC, Bytecoin, Tezos, Revencoin, Doge, USDT, Pivx, Shiba Inu etc. 


Payment Proof Soon  





What Should I do When Crypto Price Drop?

 



Currently the price of crypto is continuously falling, i.e. from the end of November 2021 to Dec 08,2021, The crypto market fell from US$2.6 trillion to US$2 trillion, so as much as $600 billion of market value has been lost in a very fast time, Bitcoin price currently it is $48k while Ether costs $4,225.50, but I think volatility or price correction in cryptocurrencies is very reasonable, because no crypto price continues to rise without correction. It is not surprising that what happened in the past will also happen again in the future. Many crypto-loving friends always do the opposite. When the market is in a bull run, everyone doesn't want to miss out on buying crypto. But when the market corrected, everyone was worried about getting in, even rushing to sell a lot of their crypto. To overcome this, it's a good idea for traders to start building a solid understanding of risk management. Another thing, continue to monitor the latest market developments from trusted media. As a result, with all the information we collect, it will give us a strong signal about when is the best time to enter and exit the market.

Simple and Effective Way
Here are 3 simple and effective ways that you can do when crypto prices drop:

1. Buying Crypto Regularly
Just a suggestion, when the crypto asset market is experiencing a decline, that is the right moment to add potential crypto assets such as Bitcoin, Ethereum, Binance Coin, Solana etc. The best way, simple and can be done by anyone, is dollar cost averaging (DCA) aka saving Bitcoin. The trick is to do it regularly, for example, at the beginning of every month you buy Bitcoin with the same USD value. The purchase does not consider whether the price is high or low, because the main goal is to accumulate as much potential BTC or crypto as possible over a long period of time.

2. Staking and Earning Interest
If you hold crypto with a proof-of-stake consensus mechanism like Cardano, you can store it in a PoS-enabled wallet or exchange. Currently, there are many exchanges and wallets that provide interest if you store crypto, use this feature to earn interest on a monthly basis. So basically we must have long-term goals and insights.

3. Trade Arbitration
When the crypto market weakens, you can also trade in cash-and-carry arbitrage. This type of arbitrage involves trading between the spot market and the derivatives market (eg futures). The trick is in the spot market you place a long or buy position. Whereas in the derivatives market you open a short position or sell. The profit is derived from the price difference between the two markets.


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