TradeCoinClub

TradeCoinClub

THIS may well be the best I have found, perhaps ever….

I have been laying low a bit lately while searching out and researching the best stuff online today, trying to fully and carefully apply whatever wisdom I’ve gained in some 16 years of working in this minefield.  And… I am SO happy to have MAJOR News for you! THIS may well be the best I have found, perhaps ever….

BITCOINS, YES –

Most knowledgeable online workers now prefer to use Bitcoins in business, for many very good reasons. Among the most knowledgeable, many have been looking for a TRADING PLATFORM for CRYPTOCURRENCIES and using Bitcoin, but there has not been anything genuine to date.  THAT HAS NOW CHANGED. 

WE CAN NOW –

–>> PASSIVELY EARN FROM FULLY AUTOMATED TRADING OF THE TOP TEN CRYPTOCURRENCIES.
–>> LEVERAGE BITCOIN AND EARN DAILY PASSIVE BITCOIN
.–>> DIVERSIFY PASSIVE BTC EARNINGS IN A POWERFUL NEW WAY.
–>> ACTIVELY EARN STILL MORE BTC BY REFERRING TO THE PLATFORM.

TCC: WHAT IT IS –

Trade Coin Club is an offshore registered company offering an automated trading platform for major cryptocurrencies.  Management is international and highly qualified. TCC trades in cryptos with licensed software that performs many millions of trades per day in ten of the major cryptocurrencies like Litecoin, Dash, BTC, etc. TCC itself works entirely with Bitcoins. Globally in a launch and pre-launch in different regions.

The company is full-function and earning and paying now

The site is sophisticated and well developed already and fully activated. TCC is uniquely well positioned in a high-demand global niche.  It is super-attractive for builders and leaders as well as for those who simply want to remain passive and leverage their Bitcoins into ever larger numbers.   Miners too will find it a highly attractive diversification that will likely earn a lot more strongly for them.

BENEFITS –

PASSIVE:
Recent member reports  daily “trading” profits with no losses – in dynamic rising Bitcoins!  Set it and let it run.  Those returns are substantially better than “mining”.

ACTIVE:
Members who refer receive 10% on both levels one and two, and lesser amounts down to as many as 8 levels.  Plus referrers can earn 8 to 10% daily from a binary structure too.  And there are MORE referral bonuses. It’s rich, but it is also very smart.
Compounding of one’s choice of all or some earnings is available. Withdrawal of earnings is on demand.

Ride the BTC Rise: 
We are working 100% in Bitcoin, so as BTC rises we enjoy the full benefits of its rise – to who knows what heights!  This is in contrast to some online options that actually work in dollars and only use BTC for pay-in’s and out’s.  In these, as BTC rises your dollar based payout in BTC falls.

GUIDANCE –

It is scant on the site at the moment, as it is so early in the life of TCC, so the guidance to signing up, getting set up and learning, etc., is currently best obtained in Youtube videos and not so much in the back office… as yet

Learn more:
TCC Details and OVERVIEW Videos and PDF –

TCC Presentation and background by boss, Joff Fortune, short, 20 min:  https://youtu.be/NiI7Joi_kag
TCC office in Belize: https://youtu.be/JHEDZ3PXx5Y
TCC PDF manual:  http://dreameagles.info/TCC/TCC_Manual_2-23-17.pdf

My personal advice is to dig in and enjoy these resources.  But do not get bogged down and too delayed in your explorations.  There can be good benefits to making your move quickly.  Be sure to have some Bitcoins, and a wallet to use for business.  I am personally using Coinbase and Blockchain as my bitcoin processors.  There are several choices.

How to Proceed –
Let’s keep this smooth and simple and let the videos take care of the heavy lifting.  Use them to ease your way and to avoid simple errors.
Cost Notes:  Joining is free, so you can do that immediately.
Minimum to participate actively is 0.30 BTC (0.25 plus a one time 0.05)  Other entry levels are at 1 BTC and the highest at 5 BTC from which one will earn the most the fastest.
Referring?  Edit this info page if you wish with your reg link.  Duplicate the process of sharing these resources if you decide to build teams, pass these instructions on. 
(Note: You need to be upgraded to at least the lowest Apprentice level package to refer.)

REGISTRATION LINK -> https://office.tradecoinclub.com/register/INFORMATION
Be sure your sponsor is listed as:  INFORMATION

INSTRUCTIONS VIDEOS, use these as detailed guides, follow these.

1. SIGN UP PAGE:
https://www.youtube.com/watch?v=p8dFkcWlEF4&feature=youtu.be&hd=1

2. BUY YOUR PACKAGE:
https://www.youtube.com/watch?v=LPnZaKO4mnA&t=633s

3. HOW TO ACTIVATE YOUR WEEKLY AUTOMATIC TRADE: https://youtu.be/sneX_yRH8Og

. PLEASE MAKE SURE TO LOGIN EACH WEEK BETWEEN SUNDAY EVERY WEEK, WE MUST NOW SET OUR TRADES BECAUSE OF LEGAL DEPARTMENT RECOMMENDATIONS4PM PST AND MONDAY 3:59PM PST TO RESET YOUR TRADES ACTIVATION.

4. SUBMITTING DOCS CORRECTLY:  (AT YOUR CONVENIENCE)  documents can be submitted later but before requesting withdrawals.
https://youtu.be/zVAM7jDlwOk

5.  Refer if you wish.  Edit this email to make it your own, with care to the signup link, and share it with your favorite contacts and friends.

6.  WHY IS THE EXCHANGE RATE WALLET ONLY SHOWING HALF OF YOUR DEPOSITS?

https://youtu.be/WeTx3yxIxlI

7.  HOW TO COMPOUND YOUR EARNINGS.

https://www.youtube.com/watch?v=4mHr6jcHIfw&t=370s

8.  More info:  http://www.tradecoinclub.info

9.  ENJOY A BETTER LIFE IN A RICHER WORLD. 

Once again…

REGISTRATION LINK -> https://office.tradecoinclub.com/register/INFORMATION
Be sure your sponsor is listed as INFORMATION

P.S. keep this page for future reference and edit it to suit your needs.  Thank you. 

David Ogden
Entrepreneur
.

David

U.K. Land Registry Looks to Register Property on a Blockchain

U.K. Land Registry Looks to Register Property on a Blockchain

U.K. Land Registry Looks to Register Property on a Blockchain

 

Her Majesty’s Land Registry, a U.K. government agency responsible for registering land ownership, has announced it is seeking three non-executive board members as it undertakes a project using blockchain technology to register property.

The posting noted that the agency recently committed to making HM Land Registry “the world’s leading land registry for speed, simplicity and an open approach to data.” It referenced the project as the most substantial transformation in the registry’s 150-year history.

State-Backed Ownership Guarantee

The registry, an executive agency of the Department for Business, Energy and Industrial Strategy, provides state-backed guarantee of ownership on the register rather than requiring title insurance.

To meet its objectives, the registry will have to become more digitized. It plans to launch a live test in the near future of a “Digital Street” to allow property ownership changes to close instantaneously. The Digital Street will also allow the registry to hold more granular data than is presently possible.

Digital Street would be the world’s first such registry, having great transformational potential for the property market, the posting noted. Blockchain technology is an underlying technology for the project.

 

Three Positions Needed

The registry seeks three non-executive board members to ensure the right mix of expertise. Experience in transformational/digital issues is being sought, along with finance and legal issues.

The transformational/digital member is expected to have experience delivering transformational change to provide service improvements and cost savings.

The person will have to deliver change across most transformation disciplines, including technology, process and people. The candidate is expected to have knowledge of information technology developments, including the delivery of digital services to customers and in data rich organizations.

The closing date for applications is June 22, 2017. Remuneration is £20,000 per annum.

 

Other Governments Have Similar Tests

The U.K is not the only country to explore blockchain technology for registering and managing property.

In February, the Republic of Georgia teamed with Bitfury Group, a provider of blockchain infrastructure, to use the bitcoin blockchain to validate property related transfers, marking the first time a national government used the bitcoin blockchain to validate and secure government actions.

Blockchain technology has also be tapped to improve land ownership in developing countries.

Last year, a team of blockchain technology pioneers from Ghana, Denmark and the U.S., launched the Bitland initiative to establish usable land titles and free up trillions of dollars for infrastructure development in West Africa.

The Bitland initiative will educate the population about technology and provide the benefits of documented land ownership to those who don’t have it. It will begin in Ghana and expand throughout Africa, with hopes of catapulting infrastructure development and strengthening democracy.

 

David Ogden
Entrepreneur

 

Contributor: Lester Coleman

David

Bitcoin Value Set to Increase Because of Asian Influence

Bitcoin Value Set to Increase Because of Asian Influence

Bitcoin Value Set to Increase Because of Asian Influence

 

Like it or not, Bitcoin is on the ascent and the cryptocurrency is in no place close to be done climbing. As the coin turns out to be more standard in Asia and finds more noteworthy acknowledgment in Western socioeconomics, its esteem is certain to surge higher in the mid-term. This is as per investigators like Joseph Young, who demand that market endorsement will be Bitcoin’s most noteworthy driver for the following couple of months.

A solitary Bitcoin went for about $425 back in April 2016. A year later, the cryptocurrency has dramatically multiplied in esteem. It hit a high past $1,300 in March 2017. The coin is presently shaking off the impacts of late China and US imperatives, yet skimmed around the $1,200 check for the greater part of April.

Be that as it may, any individual who thinks the shot has gone to make unfathomable increases off Bitcoin will kick themselves later on. Examiner accord is in, and it looks just as more dangerous development anticipates this blasting cryptocurrency. In the east, Japan’s affection for Bitcoin is making the money a value-based top choice. In the meantime, India is demonstrating a ton of fondness to the coin also. In the event that bits of gossip are valid, the nation will see organizations and numerous prevalent retailers start tolerating the cash. Bitcoin exchanging the locale is set to get somewhat more remissed also.

Bitcoin has been required to have a tremendous effect in India throughout recent years. The nation stands to be an enormous coin cash driver because of the country’s poor foundation, monetary stage and broken account management framework. Around 40 percent of India’s working populace, which positions in the billions, is without a ledger. Poor govt. benefit conveyance, casual employments, an absence of occupations all together and poor instruction are recently a portion of the many reasons why such a variety of Indians don’t utilize banks.

The inhabitant is alluding to a current govt. activity that has sent India into monetary turmoil. The entire of India, regardless of whether with a financial balance or without, is attempting to pull back money for day by day exchanges. The nation’s legislature has quite recently demonetized their Rs 500 and Rs 1000 certified receipts, making it harder for banks to meet the day by day monetary necessities of the populace.

The legitimization of Bitcoin as perceived legitimate in India would send it taking off. It would likewise ease a large number of the nation’s fiscal disappointments. Countries like China, Japan and South Korea have broadly done this, pushing up the estimation of the cryptocurrency impressively throughout the years. India going with the same pattern would just send the coin soaring so far another populace in the billions lawfully exchanges and uses Bitcoin once a day.
 

David Ogden
Entrepreneur

 

Source: Coin News Asia.

David

Study highlights growing significance of cryptocurrencies

Study highlights growing significance of cryptocurrencies

Study highlights growing significance of cryptocurrencies

 

More than 3 million people (three times previous estimates) are estimated to be actively using cryptocurrencies like bitcoin, finds the first global cryptocurrency benchmarking study by the Cambridge Centre for Alternative Finance.

While many members of the general public may have heard of "bitcoin", the first decentralised cryptocurrency launched in 2009, a new report from the Cambridge Centre for Alternative Finance (CCAF) paints a broader picture of "cryptocurrencies".

The report shows that cryptocurrencies – broadly defined as digital assets using cryptography to secure transactions between peers without the need for a central bank or other authority performing that role – are increasingly being used, stored, transacted and mined around the globe.

The Global Cryptocurrency Benchmarking Study gathered data from more than 100 cryptocurrency companies in 38 countries, capturing an estimated 75 per cent of the cryptocurrency industry.

Prior to this research, little hard data existed on how many people around the world actively use cryptocurrencies. The conventional wisdom has been that the number of people using bitcoin and other cryptocurrencies was around 1 million people; however, based on newly collected data, including the percentage of the estimated 35 million cryptocurrency "wallets" (software applications that store cryptocurrencies) that are in active use, the CCAF research team estimates that there at least 3 million people actively using cryptocurrency today.

While bitcoin remains the dominant cryptocurrency both in terms of market capitalisation and usage, it has conceded market cap share to other cryptocurrencies – declining from 86 per cent to 72 per cent in the past two years.

The study by the CCAF at Cambridge Judge Business School breaks down the cryptocurrency industry into four key sectors – exchanges, wallets, payments, and mining. Highlights of the findings are:

Exchanges

Cryptocurrency exchanges provide on-off ramps to cryptocurrency systems by offering services to users wishing to buy or sell cryptocurrency. This sector was the first to emerge in the cryptocurrency industry, and has the most operating entities and employs the most people. Currently, about 52 per cent of small exchanges hold a formal government license, compared to only 35 per cent of large exchanges.

Wallets

Wallets have evolved from simple software programs to sophisticated applications that offer a variety of technical features and services. As a result, the lines between wallets and exchanges are increasingly blurred, with 52 per cent of wallets providing an integrated currency exchange feature.

Payments

Cryptocurrency payment companies generally act as gateways between cryptocurrency users and the broader economy, bridging national currencies and cryptocurrencies. They can fit into two broad categories: firms that use cryptocurrency primarily as a "payment rail" for fast and efficient cross-border transactions, and firms that facilitate the use of cryptocurrency for both users and merchants. The study found that the size of the average business-to-business cryptocurrency payment ($1,878) dwarfs peer-to-peer and consumer-to-business cryptocurrency payments.

Mining

In the absence of a central authority, cryptocurrencies are created by a process called "mining" – usually the performance of a large number of computations to solve a cryptographic "puzzle". The study shows how cryptocurrency mining has evolved from a hobby activity into a professional, capital-intensive industry in which bitcoin miners earned more than $2 billion in mining revenues since 2009. The cryptocurrency mining map indicates that a significant proportion of publicly known mining facilities are concentrated in certain Chinese provinces.

The study found that more than 1,800 people are now working full time in the cryptocurrency industry, as more companies are engaged across various cryptocurrency sectors.

"Cryptocurrencies such as bitcoin have been seen by some as merely a passing fad or insignificant, but that view is increasingly at odds with the data we are observing," says Dr Garrick Hileman, Research Fellow at the Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School, who co-authored the study with Michel Rauchs, Research Assistant at CCAF.

"Currently, the combined market value of all cryptocurrencies is nearly $40 billion, which represents a level of value creation on the order of Silicon Valley success stories like Airbnb," Dr Hileman says in a foreword to the study. "The advent of cryptocurrency has also sparked many new business platforms with sizable valuations of their own, along with new forms of peer-to-peer economic activity."
 

David Ogden
Entrepreneur

 

Source: University of Cambridge

David

Bitcoin and cryptocurrency on the rise in South Africa

bitcoin and cryptocurrency on the rise in south africa

 

Bitcoin and cryptocurrency on the rise in South Africa

 

Since the meteoric rise of Bitcoin, cryptocurrency has become increasingly popular across the world.

While Bitcoin is the largest and most widely-used cryptocurrency on the market, there are other currencies experiencing steady growth – such as Ethereum and Dash.

These cryptocurrencies also use a blockchain, or distributed ledger system, but feature different mining techniques and additional features.

Mining is the process of earning cryptocurrency based on the work done to confirm transactions and add them to the blockchain.

The earning efficiency of this process is generally based on hardware processing power, and mining different currencies can require different hardware.

While mining Bitcoin in South Africa generally requires a large investment, mining alternative cryptocurrencies can be a cheaper option for enthusiasts.

Cryptocurrency popularity in South Africa

BitMart CEO Jacques Serfontein told MyBroadband that cryptocurrencies like Bitcoin are becoming increasingly popular in South Africa.

“The popularity of cryptocurrencies has increased tremendously in South Africa, and with the weakening rand it’s a great investment option – giving returns of between 6-15% per month,” said Serfontein.

BitMart is a local online retailer which sells cryptocurrency mining hardware and hosts cloud mining services.

Serfontein said Bitcoin mining rigs remain the most popular choice among South Africans, despite the rise of alternative cryptocurrencies such as Ethereum.

“Ethereum mining hardware is becoming more and more popular as the price gains value, but Bitcoin remains the most popular cryptocurrency among miners,” he said.

“We deliver two Bitcoin miners for every other miner we sell.”

Dash follows closely behind Ethereum in terms of popularity and is gaining rapidly on its competitors.

Mining alternative cryptocurrencies can be more viable than Bitcoin mining for beginners, and Serfontein recommends they purchase a GPU-based mining rig which allows them to mine a number of different coins.

“We recommend the Thorium 2480 rig for beginners, as it is cheap and can mine Zcash, Ethereum, Monero, and various other coins,” said Serfontein.

You can choose to either mine the coin directly and keep it, or have our pre-loaded software convert the coin to Bitcoin.”

David Ogden
Entrepreneur

David

Majority of Nigerians Have Faith in Bitcoin

majority of Nigerians have faith in bitcoin

Majority of Nigerians Have Faith in Bitcoin

A recent survey indicates that Nigerian trust Bitcoin more than gold when it comes investments.

Bitcoin is rightly deemed as the “Digital Gold”. The cryptocurrency, introduced to the world in 2009 has all the properties of gold, except for the weight and these features aren’t lost on the Nigerian cryptocurrency community. Bitcoin has a huge presence in African nations, and Nigeria is one such African country which recently ranked high in Google Trends for Bitcoin-related searches. The extent of faith in the cryptocurrency among the community is now known to the world, thanks to a recent survey conducted by Luno — a cryptocurrency platform serving the region.
 

As a part of this survey, Luno sent a series of questions to all its Nigerian customers, and the results didn’t come as a surprise. The report states that the trust factor in Bitcoin among Nigerians is at an all-time high, as over 59% of the participants in the survey responding positively to the cryptocurrency. The untrusting ones were about 17% of all survey respondents while the remaining preferred to be neutral.
 

One of the leading African tech magazines quoted a representative from Luno describing the survey process saying,

 

“We shared a survey with our Nigerian customers which went out to all of our customers. We then reviewed the results for statistical significance, outliers, and errors and compiled the infographic from the data… Note that it was only sent to Luno customers, so the data might be slightly skewed towards our customer preferences (as opposed to all Nigerian Bitcoin users), but we enjoy the highest trading volume of Nigerian Bitcoin exchanges – as per publicly available volume data – so it should be somewhat similar across the board. We aim to do much more research and share the results with the media and Bitcoin community in the coming months.”

While the results may not be 100% accurate as those participating in the survey were already onboard Luno platform, which makes them existing cryptocurrency users, potentially having a biased opinion towards their favorite digital currency. Also, many of these respondents were found to be in favor of purchasing Bitcoin over gold as they expect the cryptocurrency’s value to appreciate much faster than that of the yellow metal.
 

The results of the survey were published by Luno in the form of an infographic, along with a promise to provide more information as soon as it finishes in-depth research and analysis of not just the platform’s users but other individuals as well.

David Ogden
Entrepreneur

David

Bitcoin Steams Ahead

Bitcoin Steams ahead

Bitcoin Steams Ahead

Cryptocurrency enthusiasts will have noticed that bitcoin’s price has been going up steadily over the past few days. It is always difficult to pinpoint the exact reason for this behavior. Japan’s new cryptocurrency regulation went into effect, and there is a big bitcoin marketing campaign on the /r/place subreddit. Both factors may contribute to future bitcoin price gains moving forward.

BITCOIN PRICE PREPARES FOR ANOTHER MAJOR RALLY

It is impossible to deny the recent bitcoin price gains. Over the past few days, the value per BTC has surpassed US$1,100 once again, after a few weeks of downward price momentum. Enthusiasts always believed this negative price trend was only temporary, though, as there is no reason for the bitcoin price to lose value over time.

That being said, the ongoing scalability debate hasn’t done the bitcoin price any good. Bitcoin Core and Unlimited supporters continue to “duke it out” on the internet, which generates some negative attention for the popular cryptocurrency altogether. However, it would appear even those debates are no longer sufficient to keep the bitcoin price down for an extended period of time.

It is also worth mentioning there is some positive attention on bitcoin right now. Japan recently introduced their new virtual currency regulation, which effectively removes the sales tax on bitcoin purchases. This makes bitcoin more approachable and affordable to everyday consumers in the country. Regulatory developments like these can pave a bright future for bitcoin moving forward.

Moreover, there is a dedicated bitcoin marketing campaign taking place on the /r/place subreddit. Reddit remains a key place to discuss bitcoin and other cryptocurrencies. Advertising on other subreddits will introduce more mainstream internet users to cryptocurrency as a whole, which can only be a positive thing in the long run. The bitcoin logo is getting some good exposure on this subreddit, that much is certain.

David Ogden
Entrepreneur

 

Author JP Buntinx

David

Poloniex-Traders-Panic-and-Suffer-Losses-Due-to-System-issues

Poloniex-Traders-Panic-and-Suffer-Losses-Due-to-System-issues

Poloniex – Traders Panic and Suffer Losses Due to System issues

Plenty of cryptocurrency traders are not too amused with Poloniex right now. The popular altcoin exchange suffered from several brief outages yesterday. During the panic, the Ripple price crashed hard and Ethereum lost US$1bn in market cap. It is unclear what occurred exactly, but we do know traders lost a lot of money in the process. It is unclear what will happen to the people who lost money, though.

Trading cryptocurrencies is always a risky business. Money can be earned and lost in a matter of mere seconds. However, if a popular exchange goes down and traders can’t execute orders, something is definitely amiss. Poloniex had a lot of issues last night after Ripple reached a new all-time high. Shortly after this happened, the platform became unresponsive.

Poloniex Suffers From Brief Outages Once Again

It was not just the web frontend suffering from these problems. The Poloniex API, used in tools such as TabTrader, became unresponsive as well. The company acknowledged the outage and trading resumed back to normal relatively quickly. However, a lot of users have suffered from spotty accessibility for several hours. During that time, trading just continued as normal, allowing some people to take advantage of the situation.

To be more specific, Ethereum lost close to US$1bn of its market cap during the trading frenzy. Events like these should not occur in the first place. Moreover, some people feel Poloniex should have halted all trading until the platform was operational again. This goes to show the platform cannot handle increased trading volume for an extended period of time. That is quite disconcerting, to say the least, given Poloniex’s position in the market.

One thing is certain: a lot of people have lost faith in Poloniex for the time being. One Reddit user even calls it an ‘organized scam crime website”, although that may be a too strong sentiment. It is true this is not the first time the exchange suffers from such outages, though. If these problems continue, Poloniex will quickly lose its market position. After all, the company has to provide exchange services around the clock, yet appears incapable of doing so.

It is unclear how much money people lost due to these issues, though. Ethereum’s market crashing and the unexpected Ripple dump raise a lot more questions than answers right now. Poloniex has some explaining to do, albeit it is safe to assume no one will be reimbursed for their losses. Centralized exchanges continue to pose a problem for traders. No exchange is always reliable or accessible, that much is certain.

Many years ago I suffered a significant loss when fiat currency trading, when I loss Internet access to my trading site at a crucial time. These outages underline the importance of setting stop losses.

David Ogden
Entrepeneur

 

Author JP Buntinx

Header image courtesy of Shutterstock

 

David

Indians Petition Government Demanding Legal Status for Cryptocurrencies

indians petition government demanding leagal status for cryptocurrencies

Indians Petition Government Demanding Legal Status for Cryptocurrencies

The Indian cryptocurrency ecosystem recently woke up to a shocking news on leading media outlets. It was reported that the use of Bitcoin in the country is illegal and could attract penalties under anti-money laundering laws. However, the report was not entirely accurate, and the news platforms were quoting a Member of Parliament seeking the implementation of cryptocurrency regulations by calling Bitcoin a “Ponzi scheme”.

While the confusion was eventually cleared, the incident has sown the seeds of mistrust about the government’s stance on the digital currency. Going by the example of few drastic decisions taken by the government in the past, they have come together to demand some clarity from the government regarding its stance on cryptocurrency. They have started an online signature campaign, petitioning the government to award a legal status for Bitcoin and other cryptocurrencies in the country.

The petition is probably the first strong public campaign organized by the recently formed Digital Asset and Blockchain Foundation of India. Addressed to Arun Jaitley — India’s Finance Minister, Urjit Patel – Governor of the Reserve Bank of India and S Selvakumar – the Joint Secretary of the Department of Economics Affairs Room, the petition makes a mention of various benefits offered by Bitcoin and cryptocurrencies and how it can be used for the betterment of the country. Also, it asks the government to take steps towards stopping bad actors who misuse the cryptocurrency than banning the technology and its use.

The petition on Change.org also says,

“Cryptocurrencies will be available irrespective and the illegal users do not care about its legal status. Please do not take hasty steps and prevent innovation, economic activity and jobs. This will only stop good uses of cryptocurrencies.”

In a country which has a considerable percentage of the unbanked population and ranks at the top for receiving the highest remittance, Bitcoin can offer an efficient and inexpensive solution. The use of cryptocurrencies and their underlying technology will not only speed up the financial services sector but also a range of other industries. With the adoption of distributed ledger technology, the government can also combat rampant corruption and red tape. But strict cryptocurrency regulations will stifle progress in this regard, preventing the country from keeping up with the global trend.

David Ogden
Entrepreneur

 

Author: Gautham

David

Basic Rules for Beginners in bitcoin Trading

Basic Rules for Beginners in Bitcoin Trading

basic rules for trading

 

There has been a protracted debate on the actual identity of Bitcoin, whether it should be regarded as a currency or a commodity.

With reasonable support on each side of the debate based on its inherent characteristics, a huge segment of the ecosystem is of the opinion that Bitcoin can, and should be regarded as both a currency and a commodity.

Whatever definition attached to Bitcoin, the constant variation in price offers an opportunity for investors to make a profit by trading the cryptocurrency, either as a long term investment or in a speculative short term pattern.

What is Bitcoin trading?

Bashir Aminu, Bitcoin trader and convener of online crypto group Cryptogene, explains the basic Bitcoin trading process as follows:

“If you buy Bitcoins at one price and then sell them for a higher price, you make a profit of the difference between those two prices, less any commission that you paid. However, if the price goes down, you will be in the uncomfortable position of having to either sell them at a loss or hold and hope the price goes back up while risking higher and higher losses if the price continues to drop.”

There are two major types of traders in the Bitcoin market, they are ‘long term’ traders and ‘short term’ traders. Each of these group of traders are classified by how long they may wish to hold onto a given position of trade.

Long term traders are usually involved in studying price trends over long periods of time. This informs their decision to buy and hold Bitcoin also over long periods with the hope of taking profit at a price higher than their original entry point. With Bitcoin still in its developmental stages, a lot of users suggest that this is a good time to buy.

This suggestion is based on the assumption that with increasing use case scenario and more adoption, demand for Bitcoin and its associated technology will increase, thereby creating more demand for the cryptocurrency which will automatically cause an eventual increase in value. Glimpses of this have been observed with the surge in Bitcoin price which coincides with a boost in its market capitalization and volume of trade.

On the other hand, short-term traders analyze the intraday behavior of Bitcoin price and seek to take advantage of the swings in price. These traders thrive in market volatility, a factor that is presently characteristic of Bitcoin.

In its early stages, the swings in Bitcoin price was usually so huge as every little event within the crypto space had very serious impact on the price of the cryptocurrency. As adoption grows and Bitcoin becomes more stable, price volatility has reduced considerably and experts think it is a better time to trade the cryptocurrency, compared to an earlier time.

“Bitcoin is certainly safer to invest in now than it was a couple of years ago”, says Aminu.

 

Trading rules

Aminu describes Bitcoin trading as extremely profitable if you play your cards well. According to him, it all depends on the market movement pattern. He tells Cointelegraph that Bitcoin value rises and falls dramatically throughout each trading day, jumping in whole dollar amounts. A phenomenon which he identifies as very risky when misjudged.

Based on his trading experience, Aminu outlines a set of rules for newcomers who may wish to profit from the Bitcoin market as follows:

Never put all your eggs in one basket. Your capital should be broken into smaller lots for multiple positions at different price levels.

Do not invest your life savings or money that may change your life drastically in the event of a loss. This rule is important mainly due to the existing level of uncertainty that still exists within the Bitcoin market.

Take full advantage of available technology in order to gain maximum profit

Understanding the market is a continuous process and requires a lot of time, concentration and effort. It is very crucial to do research and be up to date with current trends.

Know when to cash in. It is important to stay focused, unemotional and professional.

Traders should keep in mind that losing, just as much as winning, is an integral part of trading. It is the cumulative gains that count.

If this sounds to complicated there is a proven way of automated trading in the top 10 Cryptocurrencies by joining Trade Coin Club who do the hard work for you allowing you to share in the profit at three levels of risk. This frees you from having to follow the markets, minute by minute or hour by hour.

David Ogden
Entrepreneur

 

By Iyke Aru

David