It was mentioned that the long position is in power on te 12th of February.
Few days later the price went up to $3 670 level and 2 of our targets were hit
Currently we received a confirmation of upcoming rollback and will provide you with another hedge strategy soon. The highest probability has a Short position so the weights of Long and Short will be adjusted too
Moreover there are 4 alt signals in the Premium channel that are still in action. Most of them reached targets and the rest are above buying zone. We will share coins’ name and available targets tomorrow
#Useful_notes Buy and Hold strategy: basic principles
Buy and Hold is one of the most common trading strategies on the cryptocurrency market. Like many other tools and strategies, this one has also come to the digital currency segment from classic trading. However, in the conditions of the crypto-currency market, it gives a greater result and profit. In this article we will understand what is Buy and Hold strategy.
HOW DOES THE BUY AND HOLD STRATEGY WORK?
In fact, Buy and Hold strategy assumes a long-term investment. Its main principle can be interpreted as follows: the longer the investment period, the greater the profit will bring this investment to the trader. However, such a strategy works only if two factors are observed:
Reasonable prediction. Presence of market growth for a long period. Some traders use Buy and Hold strategy as a safety net. For example, imagine that you bought bitcoin for 15 thousand dollars, then it grew to 20 thousand dollars and fell sharply to 10, and you do not have time to throw off the coins. Then, to reduce the loss begins the waiting period. The main goal is to wait for the rate increase and merge bitcoins at a more favorable price than the current one.
BUY AND HOLD: STRATEGY STAGES
Actually, according to the name, it is easy to understand that the Buy and Hold strategy includes two stages:
Purchase, or rather - the choice of asset. The most important thing in this strategy is not just to buy some cryptocurrency, but to choose a suitable object for investment. This is usually done using fundamental analysis methods. If the investor does not own them, then he must at least analyze the coin according to current data-how interesting it is today, how interesting it will be in 1 year, 2 years, etc. Next, there is only the retention of the asset. It would seem that everything is simple - just keep it. In fact, it's very difficult. The constant fluctuations make you think, and whether the asset you have put, maybe it is time to sell, etc. Usually beginners do not withstand such an onslaught and drained all their savings. It should be noted that unlike the classical market, where investments can be held for decades, in the cryptocurrency segment this period is usually significantly less - from several months to several years.
BUY AND HOLD STRATEGY: ADVANTAGES
1. Simplicity. All an investor needs to Buy and Hold is to choose an asset and wait. No need for regular analysis, continuous surveillance of market and etc. In this regard, this strategy may be the ideal option for beginners. 2. Time saving. Here again, the role played by the lack of need for daily market analysis. This allows the trader to easily combine Buy and Hold with other short-term strategies. 3. Profitability. Buy and Hold strategy can bring hundreds or even thousands of percent of profit with the right choice of crypto asset.
BUY AND HOLD STRATEGY: DISADVANTAGES
1. High volatility. Jumps of 50, 100 and even 200% are common in the highly volatile cryptocurrency market. Accordingly, without using such differences, the investor loses his profit. 2. High chance of failure. In the long term, it is very difficult to predict the behavior of the cryptocurrency market. Besides, the chance of its falling is much higher than the chance of its growing up. 3. Freezing of funds. As long as you hold your coins, they are completely frozen in the account – you will not be able to use them. 4. Attachment to large sums. Buy and Hold strategy cannot be applied to small amounts. It makes sense to use it only if there is a large start-up capital. As you can see, Buy and Hold strategy has both disadvantages and advantages.
We will not recommend it for use or not. You have to evaluate the pros and cons and make a decision.
#Useful_notes Stocks and cryptocurrencies: the main differences in trading
Institutional investors are increasingly looking towards cryptocurrencies. All of them have experience with classic trading exchanges, but such knowledge in the plane of digital currencies have virtually no value. Why? All because of the features of cryptotrading and its differences from standard financial assets. In this article we will look at the difference between stocks and cryptocurrencies.
STOCKS AND CRYPTOCURRENCIES: VALUATION
In this case, shares and cryptocurrencies are quite similar, because their value depends on how much they are willing to pay for them. For example, if a share has a value of $ 100, but someone decides to sell it for $ 1000 and there is a buyer for such a deal, the share price will soar to $ 1000. The same principle works in cryptocurrencies.
STOCKS AND CRYPTOCURRENCIES: DIVIDENDS
In the classical economy, almost all successful companies pay dividends to their shareholders. Yes, their volume does not exceed a few percent of the total shares, but this practice is considered normal. In the cryptocurrency environment, the concept of dividends is absent. Of course, there are separate projects that also pay refunds to their depositors, for example, Cucoin, but these are only isolated cases.
STOCKS AND CRYPTOCURRENCIES: INSIDER TRADING
The industry of trading shares on the classical exchange is very strictly regulated. The set of rules sets out how a trader can behave and how not. In accordance with these restrictions no institutional will trade cannot use insider information for profit. There are no such rules or prohibitions in cryptocurrencies.
For a better understanding of the situation, consider a small example. Suppose that there is a company GS, which on Wednesday plans to release a truly revolutionary technology on the market. This is highly likely to lead to the fact that its shares will rise sharply. But there is a trader Vitalik, who on Monday managed to find out information about the upcoming release. If he buys shares in the company, he'll be held accountable. If the GS company issues tokens and the trader buys them, then nothing will be done to him.
STOCKS AND CRYPTOCURRENCIES: REPORTING
Public companies in the classical market are obliged to prepare and publish reports on the results of their activities. This information will allow investors to assess the effectiveness of its work, as well as to predict future deposits. In ICO, which belong to the crypto-currency industry, such requirements do not exist. Of course, this simplifies the life of the companies themselves, but significantly increases the risks for investors and makes it difficult to choose an asset for deposits.
STOCKS AND CRYPTOCURRENCIES:
Stock markets do not operate around the clock. Their working time is limited to the daytime, and you will not be able to open a deal on the weekend. Accordingly, traders have the opportunity to calmly analyze their own transactions and plan the subsequent trading strategy.
The cryptocurrency trading market operates 24/7. This creates an additional burden on traders and introduces an endless mode of trading, when viewing the charts can be carried out day and night.
CONCLUSION
Shares and cryptocurrencies have a lot of differences. The first type of asset is more suitable for those who like a more measured trade with less risk and better predictability. Cryptocurrencies are characterized by high risks due to high volatility, as well as higher market activity, although they can bring more income.
#News Binance nnounced the launch date of the test network Binance Chain
CEO of the largest trading volume bitcoin exchange Binance Changpeng Zhao announced the date of the upcoming launch of the test network of the blockchain Binance Chain, which is the basis of the decentralized exchange Binance DEX.
"Finally we have a date. The start of public testing is scheduled for February 20. It's about the test network, feedback is welcome, " Zhao said.
Binance Chain is based on the Tendermint Protocol from the Cosmos Network project. According to Zhao, the architecture of this Protocol is most suitable for the tasks of the new site. Blockchain based on Binance DEX will work on the basis of delegated proof of stake (Delegated Proof of Stake, DPoS) and Byzantine consensus (Byzantine Fault Tolerant, BFT).
Also, according to Zhao, Binance Chain is A tendermint fork in which many things are" cut out, " including smart contracts. This is done to increase productivity, which is more important for the tasks of the exchange than the abundance of opportunities.
The platform interface will allow projects to issue tokens on the basis of Binance Chain and" effectively conduct ICO", attracting funds in BNB tokens.
Reminding, on the eve of the token Coin Binance has updated the historical maximum paired with bitcoin on the BTC levels 0.0026880.
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Facebook has been recruiting heavily for its secretive blockchain project, suggesting the social network is moving forward with plans to launch its own cryptocurrency.
The hiring spree comes a few months after one of the biggest management reshuffles in Facebook’s history, which saw former PayPal president David Marcus appointed the lead of an exploratory blockchain group.
Mr Marcus, who was previously vice president of Facebook Messenger, gave few details about his new role at the time, but said he would report directly to the company’s CTO Mike Schroepfer.
He said in a blog post that the group would “explore how to best leverage blockchain across Facebook, starting from scratch”.
With around 2.2 billion monthly active users on its social network, together with billions of users across WhatsApp and Instagram, Facebook has the platform reach to introduce the world’s first mass market cryptocurrency.
Around 40 people now work under Mr Marcus as a result of the recent recruitment drive, including several former PayPal executives, according to a report by Cheddar.
Job listings state Facebook’s “ultimate goal” with its blockchain group is to “help bring billions of people with access to things they don’t have now.” Such things could include “equitable financial services, new ways to save, or new ways to share information,” the listing states.
Facebook is yet to provide any further details about the project, following several requests from The Independent.
“Like many other companies Facebook is exploring ways to leverage the power of blockchain technology,” a Facebook spokesperson said.
“This new small team is exploring many different applications. We don’t have anything further to share.”
In January, Facebook founder and chief executive Mark Zuckerberg wrote a Facebook post in which he discusses the potential of decentralised currencies and other technologies.
“One of the most interesting questions in technology right now is about centralisation vs decentralisation. With the rise of a small number of big tech companies. Many people now believe technology only centralises power rather than decentralises it,” Mr Zuckerberg wrote.
“There are important counter-trends to this – like encryption and cryptocurrency – that take power from centralised systems and put it back into people’s hands.”
Since publishing the post, Facebook has been embroiled in a series of scandals surrounding how it handles its users’ data, which has reportedly led to problems with recruiting for the new project.
The decentralised nature of cryptocurrencies and blockchain technologies mean people working within the industry are typically wary of large, centralised corporations like Facebook.
#Analysis #BTC Update BTC price precisely moves in a drawn at the chart Triangle. As the pattern is going to end soon, upper and lower edges move closer to each other, hence fluctuations become lower. DMI indicator confirms volatility decrease, which can…
Android Opera browser users will now be able to buy Ethereum for Fiat
The new service was implemented thanks to the cooperation with Safello cryptocurrency broker, which provides exchange of Fiat money for cryptocurrency. Payments can be made using credit and debit cards, as well as verified payment networks. However, at this stage, this opportunity is available to residents of only three Scandinavian countries: Sweden, Norway and Denmark.
"It is necessary to ensure the ease of purchase and use of cryptocurrencies in order to contribute to the wider spread of the technology", said Charles Hamel, head of the cryptocurrency direction of Opera.
The developers of Opera Software presented a web-oriented 3.0 browser for Android with a built-in Ethereum wallet in December 2018. In addition to Ethereum, it supports token-ERC-20 and decentralized applications.