What is Cryptocurrency Trading, How Can You Learn It and Earn on It? 913

What is cryptotrading, how can you learn and earn it?

The rapid growth of cryptocurrency exchange rate caused an increased interest in this industry among a wide range of people. It should be noted that many people still believe that Bitcoin and other coins are pyramids or bubbles, which sooner or later will collapse / burst, leaving their contributors with nothing. Such thoughts often arise in the minds of people who do not understand the topic at all. This is absolutely normal, when the general public does not accept the new technology and treats it skeptically. It was the same with all the fundamental things that eventually changed the world, like radio, television and mobile phones.

But even those people who do not believe in the future of cryptocurrency do not deny that you can make money on the fluctuation of the coin rates. That’s how we are approaching our today’s topic – cryptocurrency trading.

Contents:
(please, click the topic to scroll down to it)

  1. What is cryptocurrency trading?
  2. How to learn cryptocurrency trading?
  3. What are the main strategies of cryptocurrency trading?
  4. How not to lose the whole trading deposit?
  5. Conclusion

1. What is cryptocurrency trading?

This article will be useful only for beginners, who have a basic understanding of the process. For example, if your knowledge of trading consists of one sentence: buy cheaper, sell more, then you will learn a lot of new stuff here, find answers to frequently asked questions and plan your future strategy.

So, cryptocurrency trading is the purchase of an asset at a lower price, selling it at a higher cost at the right time and receiving profits. The volatility feeds the trader. The trader does not care what happens to the market in a global sense, his/her main earnings is the difference he/she gets from playing on the fluctuation of the exchange rate. It means that the trader can earn in the falling market as well. Of course, he/she tracks market movements (bears, bulls, trading range, etc.) and forms his/her trading strategy on the basis of those. Obviously, it is easier to make money in a growing market, but what distinguishes an investor from a trader is that the former earns only if the rate increases, while the latter is more autonomous.

2. How to learn cryptocurrency trading?

Cryptocurrency trading for beginners is full of unpleasant experiences and 99% probability of losing the whole trade deposit. Thus, the formula for successful trading sounds like this: “Stop being newbies or stop trading at all.” Of course, people are not born with the gene of a trader in their DNA, this certainly needs to be learned. However, it is very important to understand that you must not trade a substantial sum which belongs to you or someone else at the initial stage (up to one year). There are a lot of nuances incryptocurrency trading that need to be taken into account. The industry is still too young, so the market is very volatile (subject to sharp jumps in the exchange rate) and sometimes not quite rational.

A very important aspect, which you should pay attention to first and foremost is the study of professional terminology. There is a so-called “Dictionary of the cryptocurrency trading”. Not knowing it, it will be rather difficult to plunge into trading on stock exchanges.

The ideal option is to find a mentor who inspires confidence in you and learn from him/her personally, since individual learning is more effective. Also, you can take various group online courses. In this case, try to attend the webinars, rather than watch them in the recording. In this way you will have an opportunity to ask questions in real time and be on the same level as the group.

Of course, you can just wander the Internet in search of information, but you should understand that not all content is useful and, most importantly, relevant. For example, something that worked in 2016-2017 will not bring anything except losses in 2018.

3. What are the main strategies of cryptocurrency trading?

By and large, each experienced trader has his/her own personal trading strategy, but if we generalize and highlight the most widely usedones, we will get the following list:

  • Scalping. Its name speaks for itself. Using this strategy the trader removes the surplus profit just like a scalp. Scalping involves high-intensity trade, the opening and closing of dozens and even hundreds of orders per day. For example, you buy BCT for $6103 and sell it for $6109 in 10 minutes. Earnings on one transaction are minimal, the profit is achieved due to a large number of transactions. The strategy is suitable for beginners, since it does not imply a deep technical analysis.
  • Speculating for a fall or shorting. It involves buying assets on a downtrend and timely selling them with minimal growth. It is necessary to spend a lot of time peering into the trading terminal not to miss the price jumps.
  • Daily. As part of this strategy, the coin is bought in the first half of the day at an average lower cost. After that, the trader observes the situation until the evening and sells the asset at an average higher price. For example, in the morning you buy coins which cost $500 per piece and sell them for $510 in the evening.
  • Momentum. Trading with this strategy implies a complete immersion in the process. Trader actively monitors the volume of trading and news background. The success of working with this strategy depends on the ability to look through and filter tons of information. For example, you know that TRON will be listed on a new exchange tomorrow. So you need to buy this coin today and wait for tomorrow’s rally, at the first sign of a downward tendency you need to sell the asset immediately.

4. How not to lose the whole trading deposit?

Frankly speaking, there are many reasons why even experienced traders can lose their savings. We will not consider them all, as no one is protected from the force majeure situation. The main rule of money management is diversification, that is, keeping assets in different places. Here are some basic mistakes, avoiding which you essentially minimize your losses. Let’s name the things that you should NOT do:

  • follow the forums, chat rooms in Telegram and blindly copy their actions;
  • trade using insider information from cheap or free signal groups;
  • trust all insiders without conducting your own technical analysis;
  • keep only one asset;
  • buy because of hype and sell because of panic;
  • trade emotionally;
  • trade a substantial amount of money (credit card, debt, selling real estate to invest, etc.).

5. Conclusion

Trading on the cryptocurrency market is a fairly profitable sphere, but it will be very difficult to succeed in this field without proper education and knowledge. You should adhere to the rules of “smart” cryptocurrency trading and always stay calm and focused to trade coins successfully. You can not treat trading as a gamble, otherwise you can lose all your money.

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Multifunctional Platform or Overvalued Project: Review of Bitshares 226

bitshares crypto

The project, which will be discussed today, is a truly universal solution, since it is simultaneously:

  • innovative software;
  • a payment network with a large bandwidth;
  • a decentralized stock exchange;
  • a banking institution;
  • cryptocurrency;
  • a community;
  • a decentralized and reliable database.

The developers of this coin took all the best from the original blockbuster Bitcoin and made a number of changes, which, in their opinion, the first cryptocurrency lacked. So, let’s begin our acquaintance with the Bitshares cryptocurrency.

Content:
(please, click the topic to scroll down to it)

  1. History of the project
  2. Technical information about the coin
  3. How to mine Bitshares?
  4. What are the Bitshares coins necessary for?
  5. Conclusion

1. History of the project

Basically, this project is the fruit of the labors of two people. The idea of ​​the Bitshares coin came to Dan Larimer back in the 2013. He spent a huge amount of work and managed to lay the foundation for the future development of the project. But it still wasn’t the coin we know today: Charles Hoskinson (one of the leading developers of Ethereum) helped. This rather media tandem played an important role in the successful launch of the project.

In early June 2013, entrepreneur Larimer showed the world his offspring, and then the first large investor appeared. After a short period of time, a full-scale presentation of the project took place in Atlanta.

The first product of the development team was BitShares (PTS) ProtoShares, for the creation of which the most advanced and innovative solutions in cryptography were used. After a short period of time, the project was renamed BitShares X, and many built-in services had already been integrated into it. The project was formed in the form, in which we now know it, as a result of the merger of several products into one in the fourth quarter of 2014.

2. Technical information about the coin

8 facts you need to know about the Bitshares cryptocurrency:

  1. It takes the 30th place in the global rating of CoinMarketCap;
  2. The capitalization of the coin is about 565 million dollars;
  3. The rate of Bitshares (at the end of July 2018) is about 21 cents;
  4. The network is built on the PoS algorithm;
  5. The claimed throughput is about 100 thousand transactions per second, although the current checks confirmed only 4 thousand / sec;
  6. Time of block generation takes from one and a half to three seconds;
  7. Remuneration is 1 BTS;
  8. The total issue of coins is 3.6 billion pieces.

3. How to mine Bitshares?

During the development of his new project, Larimer decided that the entire current mining concept could not withstand any criticism and needed reformation. In his opinion, the PoW algorithm can completely override the main feature of blockchain technology, namely decentralization. Since in countries with relatively cheap electricity potentially there can be large players who will be able to seize power over the network.

In addition, within the usual mining, the complexity of the network inevitably grows, which, over time, makes the process of mining coins unprofitable for the vast majority of miners who do not have large computing powers. A Bitshares coin can be obtained by anyone using an average home computer. You can also receive new BTS simply by storing coins on the official Bitshares Wallet.

4. What are the Bitshares coins necessary for?

This cryptocurrency can be used in various scenarios, but its main advantages are:

  • relatively low volatility, compared to other coins;
  • the existence of a unit of account;
  • the possibility of hedging, which can protect against losses.

5. Conclusion

The Bitshares project is a universal product, within which a variety of different services are integrated. The platform is already working for about four years and every year attracts more and more new users. The coin is included in the TOP-30 cryptocurrency projects, it can be considered as an investment asset. According to experienced traders, it is possible to allocate no more than 5% from the portfolio on BTS.

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ZenCash Coin Review: Is It the Best Anonymous Cryptocurrency? 241

The overwhelming majority of people believe that all cryptocurrencies are completely anonymous, but this is absolutely untrue. There are several projects on the market that really focus on anonymization. Such coins are not so many; the most popular of them are Dash and Monero. But today we will talk about the cryptocurrency, the developers of which assure that they were able to surpass absolutely everyone in the issue of the anonymity. Today, we will talk about the features, history and perspectives of the ZenCash coin.

Content:
(please, click the topic to scroll down to it)

  1. A bit of the coin’s history
  2. Features of the ZenCash project
  3. Principles of distribution of awards in the network
  4. Conclusion

1. A bit of the coin’s history

This project is a “fork of fork.” Initially, part of the community broke away from the ZCash coin within the ZClassic fork, and already within the latter there was another fork that today showed our hero to the world.

The development team is 100% sure of its creation, so does not hesitate to call it the best anonymizer on the market. Their words are also confirmed by industry experts who rated the project higher than such giants as Monero and Dash.

The ZenCash project is still at the earliest stage of its development, as the network began its work only in the fourth quarter of 2017. But despite this, the coin already has quite a lot of weight in the industry, occupying the 91st place in the global rating of CoinMarketCap for the time of writing the article (July 2018). The market capitalization of the coin is about 110 million dollars at the moment.

Such a dynamic development of the project is not accidental. The fact is that at the very beginning, ZenCash coins were supported by well-known and influential people:

  • Naval Ravikant, an early investor of many successful projects such as Twitter, Uber, etc.;
  • Roger Ver, one of the first cryptocurrency adepts, the creator of the Bitcoin Cash coin;
  • Barry Silbert, the creator of SecondMarket.

The list of names mentioned above is far from complete. This fork was highly appreciated within the framework of the crypto community, but many investors simply preferred to take advantage of the main feature of ZenCash and remain incognito.

2. Features of the ZenCash project

An important part of the ZenCash source code is an embedded data encryption algorithm that has zero knowledge. Due to the technology of Zero Knowledge Proofs, the network can provide total anonymity. Any data about the transaction in ZenCash is hidden from everyone except the participant who initiated the transfer.

Also, the ZenCash project has a number of tools that allow network members to not only make anonymous transactions, but also exchange messages and files:

  • Zen talk – allows you to attach small messages to transactions (up to 1024 characters);
  • Zen hide – allows you to circumvent increased censorship in the relationship of buyers and sellers (relevant for countries with poorly developed democracies);
  • Zen Pub – also allows you to anonymously attach and post various documents of IPPS and GNU Net formats.

3. Principles of distribution of awards in the network

ZenCash works on the PoW protocol, so the mining of this coin absolutely does not differ from the production of the bitcoin, for example. But the reward for the found block is distributed here according to a little peculiar scenario:

  • the most part, namely, 88% are received by the miners;
  • the operators of security nodes take away 3.5%;
  • 5% are used for further investments in DAO;
  • 3.5% go to the project team wallets.

4. Conclusion

The ZenCash project is still too young, even by industry standards, but the team managed to achieve some success even in this short time. The online rate of ZEN/USD at the time of writing is $25.56.

This cryptocurrency is focused on providing absolute anonymity. As assured by many industry experts, ZenCash has a very good technological base, which allows investors to hope for a decent profitability. But it should be remembered that for the full-scale implementation of this technology, the team still needs to do a lot of work, so it is not worth hoping for “fast X”. This applies to the vast majority of promising projects, since it is physically impossible to grow into a multibillion-dollar company in a few months, this requires years of painstaking work.

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Vitalik Buterin and Pavel Durov Entered the Rating of the Most Influential Young Entrepreneurs According to Fortune 263

crypto ranking

The famous American business magazine Fortune published a list of 40 Under 40, which gathered the most influential young people in business under the age of 40 years.

The founder of Ethereum Vitalik Buterin holds an honorable 22th line, American R&B- and pop singer Rihanna is ranked next to him, and the CEO of the well-known online cash platform Coinbase, Brian Armstrong.

Exactly one year ago, Buterin and Armstrong shared the 10th place in the list.

The publication noted that there are still rumours about Google trying to hire Buterin. He was supposed to help the corporation develop blockbuster projects, but he refused.

This year, the founder of Telegram Pavel Durov appeared on the Fortune list for the first time and took the 25th line. We would like to remind you that from January to March this year,  about 200 investors invested in ICO Telegram in the total amount of 1.7 billion dollars.

First place 40 Under 40 was shared by the head of Facebook Inc. Mark Zuckerberg and CEO of the social network Instagram Kevin Systrom.

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Cryptocurrency Prices for the 20th of July: the Cryptocurrency is Showing Growth 265

crypto price

According to the online platform Coin360, Bitcoin (BTC) has added 1.48% over the past 24 hours. The price at the time of writing is $7463 per coin.

Unlike BTC, most of cryptocurrencies in the rating are in the red zone:

crypto kurs

Bitcoin Cash lost 2.72% over the day and is worth $797;

Ripple decreased by 4.82% and is $0.45 at cost;

EOS minus 2.68% and its price is $8.31;

Litecoin lost 2.10% and is worth $85;

Cardano dropped by 2.60% and $0.17 at cost;

Dash added 5.72% – its value is $279 per coin;

Ethereum has lost 2.72% in the last 24 hours. Its price is $465.

The total market capitalization is $284 billion. Bitcoin accounts for 45% of the total volume. In monetary terms, this is $128 billion.

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So There Should Be Bitcoin: Review of Decred 537

cryptocurrency decred

A large number of projects have tried to challenge the cryptocurrency flagship, in attempts to shift the bitcoin from the honorable first place, but this has not yet been done to anyone for 10 years. There is no secret that the BTC has a number of shortcomings which its competitors are trying to solve. In the framework of this article, we will talk about another contender for the “cryptocurrency throne”, which has a number of interesting features and contradictions. So, what is a Decred (DCR) coin?

Content:
(please, click the topic to scroll down to it)

  1. A bit of the coin’s history
  2. Basic information and advantages of the Decred project
  3. Disadvantages of the coin
  4. Conclusion

1. A bit of the coin’s history

Decred is a rather unusual altcoin. Firstly, no initial placement of coins was made for its creation, all funds were provided by the development team. And secondly, the so-called company 0, which has a direct bearing on the initial promotion of bitcoin, has put its hand to its creation. These two facts strongly highlight this project against the background of the other altcoins.

The announcement of the Decred coin took place in 2016, but its road map was kept secret from the public until the first quarter of 2017. To attract participants, the development team decided to distribute the first 5,000 tokens free of charge. Company 0 went from the opposite, they did not ask for money from investors, but rather handed them out. It is worth noting that this plan worked perfectly, and the already good excitement around this project went up with a new force.

2. Basic information about the project

Creating a new coin, the development team took all the best that was in the original blockchain of bitcoin, and also made a number of improvements:

  1. The combination of the PoS and PoW protocols, which in tandem are able to solve one of the biggest problems that Bitcoin is facing, it is decentralization. The fact is that every year the first coin increasingly depends on a narrow circle of the largest miners, the total capacity of which can soon exceed 50%.
  2. Ability to scale blocks.
  3. The low complexity of the network, which allows you to mine a coin without having a huge amount of processing power.
  4. The PoS protocol solves another very important problem, namely the hybrid system of consensus, which allows all participants to vote equally for certain innovations.

3. Disadvantages of Decred

From the information mentioned above, we can conclude that the coin is an excellent tool for investment, but like any other cryptocurrency, Decred has its shortcomings, which we cannot fail to mention:

  • Firstly, the coin has not quite a cohesive community, but a similar picture can be seen within almost any cryptocurrency;
  • Secondly, a large number of skeptics are sure that Decred is a blank that was artificially inflated and in the near future nothing except memories will remain of it.

But, for the sake of justice, it is worth noticing that such statements are not supported by any adequate arguments, so they can be considered a healthy criticism with great reserve.

4. Conclusion

Speaking of Decred cryptocurrency, we can say that the project has everything necessary to take its place in the industry. The development team makes every effort to keep up with its RoadMap. The coin is only 2 years old, but it already enters the TOP-30 in the global ranking of Coinmarketcap.

The symbiosis of the PoW and PoS protocols is not unique in the market, but in this case it can bring good results, since such an approach can solve a large number of problems and take the coin to a new level. We will not guess, but we promise to closely monitor the development of events and inform you in a timely manner.

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Did the Winklevoss Brothers Buy the Approval of Gemini Exchange? 529

Winklevoss Brothers

The cryptocurrency experts have recently noticed an interesting coincidence between the fact that the Winklevoss brothers sponsored the political campaign of a government official and the approval that was received by their cryptocurrency exchange Gemini immediately afterwards. Or is it not a coincidence?

As the New York Post reports, Cameron and Tyler Winklevoss have both recently sent $50k each in support of the campaign of Andrew Cuomo, an American politician.

This happened in late April. About 3 weeks later, the digital currency exchange Gemini got an official permission from the administration of New York to conduct cryptocurrency trading operations.

Moreover, after another month passed the brothers sent another $15k checks each to Cuomo, even though they have never supported this politician prior to April. Nobody can deny the fact that the situation is pretty strange.

Despite all the suspicions, the members of Cuomo’s campaign claim that the Winklevoss twins just see Andrew Cuomo as an effective politician with good potential.

According to the representative of Cuomo:

No contribution of any size influences any government action.”

We remind you that this spring the twins Winklewoss have launched Gemini Block Trading for large transactions.

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