Cryptocurrency

Crypto enthusiasts often face a conundrum when turning to cryptocurrency as a viable investment. An eternal question remains: To invest and forget, or to trade the notorious price swings for even more gains? Academic research shows a simple buy-and-hold strategy for Bitcoin the past six years would have yielded 1690% for investors. However, utilizing a long-short trading approach would have seen gains of over 2,500% at a minimum, or even 5,000% using a well-tweaked strategy. Needless to say, it’s easy to be allured by the prospect of trading cryptocurrencies with those statistics in mind. But as easy as it may look, trading is not for the faint-hearted, with even seasoned investors succumbing to sudden market movements and price drops — look no further than the “Black Thursday” event in March this year which caused two very popular crypto funds, Cryptolab Capital and Adamant Capital, to fold overnight with their millions of dollars falling victim to the market. This is where a st...

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Source: Adobe / apisit Covid-19 not only leaves infected patients with debilities but also brings on a deep recession to the world. Locked down and lay-off are the wake-up calls that tell us having more than one source of income is always better. Among a wide range of financial derivatives, many people look to bitcoin futures trading. With leverage, traders are able to open large positions with a relatively small margin. Bexplus is a leading crypto trading platform operating across over 30 countries, which allows you to take advantage of both the ups and downs of the markets. Bexplus is famous for its beginner-friendly interface and help desk. 1. Understand Futures Trading Futures trading is specially designed for traders to hedge loss and to profit from market volatility rather than be stuck simply stashing their coins. Traders can borrow leverage from exchanges to greatly enhance their buying...

Source:https://ift.tt/35iIq1J Covid-19 not only leaves infected patients with debilities but also brings on a deep recession to the world. Locked down and lay-off are the wake-up calls that tell us having more than one source of income is always better. Among a wide range of financial derivatives, many people look to bitcoin futures trading. With leverage, traders are able to open large positions with a relatively small margin. Bexplus is a leading crypto trading platform operating across over 30 countries, which allows you to take advantage of both the ups and downs of the markets. Bexplus is famous for its beginner-friendly interface and help desk. Understand Futures Trading Futures trading is specially designed for traders to hedge loss and to profit from market volatility rather than be stuck simply stashing their coins. Traders can borrow leverage from exchanges to greatly enhance their buying power. Futures trading with leverage is extremely profitable during market sell-...

ADVERTISEMENT Top crypto strategist and trader Crypto Rand says a select number of altcoins including Ethereum (ETH) and XRP are poised to ignite bullish breakouts. Rand tells his 220,000 Twitter followers that Ethereum, which he refers to as “the money printer,” is ready to launch the next leg up as it breaches the resistance of a bullish continuation pattern. “ETH wants to catch up with BTC. Bull pennant breaking out.” Source: Crypto Rand/Twitter The trader is also looking at Ripple’s native asset XRP, which he thinks is primed to go above resistance at $0.28 first and then $0.33. “XRP wants to join the party. Bullish breakout.” Source: Crypto Rand/Twitter Rand is also bullish on blockchain-based digital advertising platform Basic Attention Token (BAT). The trader expects the crypto token to surge nearly 30% to above $0.28 as BAT breaks out from a bullish reversal pattern. “BAT | Wonderful setup.” Source: Crypto Rand/Twitter As for blockchain scalability solutio...

Chinese police are investigating an over-the-counter (OTC) cryptocurrency trader for facilitating a deal that involved $73,500 of illicitly gained funds, industry news outlet 8BTC reported today. According to the publication, the dealer helped undisclosed fraudsters to trade 500,000 Chinese yuan (roughly $73,500) for USDT stablecoins. The funds, which are reportedly part of an investment scam, were first deposited on crypto exchange OKEx. The exchange, authorities and the trader himself are “continuing to cooperate in the investigation,” the outlet added. OTC trading is a way to facilitate a deal directly with an exchange or an OTC desk—without the trade appearing on the exchange’s order book. This method is often used to execute especially large transactions and avoid the subsequent price movement of an asset. However, if an OTC trader facilitates a deal that involves illegal funds, he could also be deemed liable. To evade any charges, the merchant will have to prove that he had...

On Monday, the Commodity Futures Trading Commission filed charges against Laino Group for soliciting U.S. investors to trade in futures on commodities including Ether, Litecoin and Bitcoin without registering with the commission. Per the CFTC's complaint the St. Vincent-registered Laino Group, doing business as PaxForex, used a network of U.S.-based affiliates to solicit American retail investors. In doing so, Laino Group violated the Commodity Exchange Act. The CFTC did not specify the extent of Laino Group's activities. The commission's request for relief indeed suggest that they themselves don't know how much the trading platform took in without registering. In addition to calling for full return of all funds accumulated, the CFTC's complaint asks for: An order directing that Defendant, and any successor thereof, make an accounting to the Court of all of its assets and liabilities, together with all funds it received from and paid to customers. Particularl...

A pseudonymous Bitcoin (BTC) trader outlined 23 key technical and fundamental factors that could buoy BTC’s medium-term bull case. The data points shared by the trader, known as “Byzantine General,” fit into four major themes. They are a less overheated market, a neutralizing futures market, less leveraged traders and strengthening fundamentals. The Bitcoin futures market is neutralizing Since Bitcoin’s recovery from $10,300, a persistent narrative around the top cryptocurrency has been its negative funding rates. The Bitcoin futures market implements a mechanism called “funding” to prevent the market from dominantly swaying to one side. As such, when the market is majority bullish, investors betting on BTC surging compensate short-sellers, and vice versa. Throughout the past week, the funding rate of Bitcoin has either stayed negative or neutral despite its declining price. That meant short-sellers were continuing to bet against BTC but there were not enough long contracts to squ...

A bitcoin trader who turned a 0.2 BTC investment into $100,000 has unveiled his strategy for trading crypto.  Speaking in a new Venture Coinist podcast with Luke Martin, trader SalsaTekilla offered insights into how he was able to grow his investment exponentially while managing risk.  I recorded a conversation with @SalsaTekila earlier this month about his trading strategy, dropping out of university, and the trading competition. In a few weeks he's turned .2 BTC into over $100k. Absolute legend. You can watch the full podcast here: https://t.co/tZ1lLBI3gv — Luke Martin (@VentureCoinist) August 29, 2020 The popular trader explained that he views the market in terms of “constant dynamism” rather than building stagnant positions.  He said,  Whenever I enter a trade, my expectancy changes. Let’s say I enter at $11,800 a long position and I’m targeting $12,000 and my stop is $11,700. My risk-reward is two to one. He continued,  As the market mo...

While bots can be a great tool for many traders, some are concerned about the ways this could create room for manipulation, such as with “pump and dump” scams as well as decentralized exchange (DEX) manipulation. Bots can manipulate exchanges Using a series of bots to bring added liquidity to an exchange sounds harmless enough at first, as it should simply create a better user experience for clients. However, if the vast majority of trading activity on an exchange is bots, then that could be a red-flag that something isn’t right. Using bots to simulate real trading activity in order to make an exchange look more active is known as “wash trading” or “slippage.” It is illegal in traditional markets, but much of the cryptocurrency landscape is still unregulated, so it certainly happens. It has even been speculated that as much as 95% of cryptocurrency volume on some exchanges could be suspect. There have also been i...

The price of Bitcoin (BTC) is approaching the last weekly candle for the month of August. Some traders believe Bitcoin’s performance over the next two weeks could decide whether its price drops below $10,000 again or sees an extended uptrend. The week’s weekly candle close coincides with the expiration of CME’s Bitcoin futures contracts and Deribit’s options contracts. It could potentially set a precedent for September, especially if Bitcoin closes above or below key levels. In the short term, technical analysts generally consider $11,800 as the key level for Bitcoin. A high time frame close below the level would raise the chances of a deeper pullback. A close above it, maintaining a green monthly candle, could cause Bitcoin to see another leg up. Mohit Sorout, a founding partner at Bitazu Capital, said in a tweet that a rally to $11,800 would “put sellers to sleep.” Sorout referred to the daily chart of Bitcoin with Bollinger Bands, showing the area of interest for both sellers and...

With the rapid changes in the global economy, there has never been a better time to invest in cryptocurrencies than now. With players like Bitcoin, Litecoin, and others growing each day, the industry is facing a future where increased regulation, growing adoption rates, as well as mainstream acceptance will cause an irreversible maturation in the industry. Crypto trader Besart Hoxha underpins the need for industry know-how before entering the market to pursue profitable returns. Here are insights from the Hoxha: Besart Hoxha Q: Besart, what are some of the key things that investors must understand before entering the crypto market? A: It is essential to understand the market dynamics before creating a robust portfolio in the cryptocurrency market. As a trader, one might have one or more reasons to invest in the world, starting from supporting the technology behind a project, a belief in the social vision, or hedging net worth from fiat collapses. However, before deep-diving...

With the rapid changes in the global economy, there has never been a better time to invest in cryptocurrencies than now. With players like Bitcoin, Litecoin, and others growing each day, the industry is facing a future where increased regulation, growing adoption rates, as well as mainstream acceptance will cause an irreversible maturation in the industry. Crypto trader Besart Hoxha underpins the need for industry know-how before entering the market to pursue profitable returns. Here are insights from the Hoxha: Besart Hoxha Q: Besart, what are some of the key things that investors must understand before entering the crypto market? A: It is essential to understand the market dynamics before creating a robust portfolio in the cryptocurrency market. As a trader, one might have one or more reasons to invest in the world, starting from supporting the technology behind a project, a belief in the social vision, or hedging net worth from fiat collapses. However, before deep-diving...

A revolutionary alternative to the traditional currency, Bitcoin is a virtual cryptocurrency that is taking the financial world by the storm. Originally created in January 2009 by an anonymous group with the pseudonym of Satoshi Nakamoto, Bitcoin has emerged to be the leading digital currency with a current value of around 10,000 US dollars. While a direct jump from paper money and other tangible assets to digital currency may seem overwhelming and hard-to-do, with this comprehensive guide to handle your digital wallet, it will be a piece of cake. Ranging from investing in keeping your bitcoins secure and safe, it is best to follow the advice at it.cryptotrader.software to ensure proper handling of your digital finances. Bitcoin Operations Bitcoins are operated through the genius technique of blockchains and mining. Based on a transparent peer-to-peer network, a number of transactions involving bitcoins are stored in a block, and many blocks are then stringed together in chains...

BitGo Will Provide Secure Storage of Cryptocurrencies on Trading Exchange, Including Deposits on Lending Service, DCXLend CoinDCX , India’s largest and safest cryptocurrency exchange and liquidity aggregator, announces BitGo, the leader in digital asset financial services, as its custodian. As the custodian of CoinDCX, BitGo will provide the secure storage and custodianship of cryptocurrencies held on CoinDCX, fully insured and protected by BitGo’s $100 million insurance policy. CoinDCX began transferring assets to BitGo’s wallets last week. On the integration of the custodial services, Sumit Gupta, CEO and Co-founder of CoinDCX said: “The purpose of the #TryCrypto initiative is to promote widespread crypto adoption, which includes ensuring users that their funds are in safe hands. CoinDCX has always maintained that crypto adoption should be safe, secure, and simple for everyone. CoinDCX has taken yet another stride in consolidating our position as a trusted and secure brand. Wit...

ADVERTISEMENT The man who called Bitcoin’s 2018 implosion is updating his outlook on BTC, Ethereum and XRP. Veteran analyst Peter Brandt says he’s now extremely bullish on BTC and ETH, though he’s far less optimistic about XRP. After recently stating that XRP needs to cling to the 21 cent level in order to prevent a fall to as low as 10 cents, Brandt expanded on the reasons why he’s bearish. He says XRP remains in a descending channel dating back to late last year, and reiterated his concern that Ripple’s ownership and sale of the digital asset affects the market. “I’m super bullish BTC and ETH. In 45 years as a career market speculator, I’ve come to discern the real deals from the possible scams. I’ve only attempted to warn people that XRP is a manipulated market and a dead end.” Source: Peter Brandt/Twitter Brandt is back on the Bitcoin bandwagon after its rise to $10,000. He says the current macro environment is ideal for BTC given its hard supply cap of 21 million coi...