Blog

  • Clairvoyant From Wall Street

    Clairvoyant From Wall Street

     1 min read

    Just another clairvoyant from Wall Street.

    Jordan Belfort said Bitcoin’s price struggles in 2018 signal the beginning of the end for the top-ranked cryptocurrency. He gave advice to holders to get out and to do that before ”the inevitable crash.” Despite the extremely negative attitude towards Bitcoin itself, but this clairvoyant from Wall Street has trusted to Blockchain, the technology behind BTC and other cryptos. He said that Blockchain held immense promise.

    So, why the end of Bitcoin is near, according to Belfort?

    The reason lies in the multiple price dips experienced in June 2018 show that BCT is approaching its “final days.” He said that a major crash that would decimate the perceived value of the crypto was imminent.

    According to him, the perceived value of Bitcoin fell into the category of “the greater fool theory.” He accused people like John McAfee of deceiving the cryptocurrency community with false promises saying: ”The only reason why they’re doing that is that they’re trying to get more suckers in. To create unrealistic price projections at ridiculous values.”

    And Belfort went to say: ”Everything is wrong with it [BTC]. There’re too many fundamental flaws with it, and [the] bottom line is, get out if you don’t want to lose all your money.”

    This isn’t the first time that Belfort shows how hard he is against BTC and cryptocurrencies.

    In September 2017, he agreed with Jamie Dimon that BTC was a “fraud.” Belfort took things a step further the following month, calling ICOs “the biggest scam ever.”

    Is he right, what do you think?

    True is that cryptocurrency remains an abstract investment for many, but there may be more appetite for digital currencies than some might suggest or want it to be.

    If you ask Steve Wozniak and Jack Dorsey, Bitcoin will become the currency of the future. And I agree with those two guys.

    Belfort comes from Wall Street, remember that. 

     

  • Crypto is at Risk In Korea!

    Crypto is at Risk In Korea!

    1 min read

    Crypto is at risk in Korea.

    What excited the audience most is the information that one of an employee of Bitkoex, an exchange launched in May, posted information on how much of the Karma (KRM) cryptocurrency was held by 19 users on the platform in a social media chat last Friday.

    The leaked message contained the email addresses associated with the users as well as the wallet addresses and private keys to the KRM token in their accounts. This could allow anyone with the information to access the assets, according to a report from CoinDesk Korea.

    Those users hold  750 million won, or around $620,000, the report said.

    Later, Bitkoex said the employee posted the message by accident and the exchange has moved the exposed assets to a cold wallet. That means that information about them is not accessible through the internet. The company claimed no assets have been lost. This is not the first time that user information had been leaked from a Korean crypto exchange.

    CoinDesk, previously reported, the computer of an employee from Bithumb, was hacked earlier last year.
    Banks in Korea to Use Samsung SDS Blockchain to Verify Customer IDs 2
    On Monday, June 25th, the country’s Ministry of Science and ICT inspected the information security level of 21 crypto exchanges in South Korea from January to March and confirmed that most companies have security vulnerabilities.

    Just last week, Bithumb said, that around $31 million in cryptocurrency was stolen by hackers from the platform. 

    But, it is obvious, that is not the reason why Crypto is at risk in Korea.

    Update 5/30/2019

    South Korea’s major currency exchange Bithumb has properly started an over-the-counter (OTC) trading desk under the Ortus brand, according to a press release published on Feb. 7 this year.

    Moreover, South Korea is a hotspot for cryptocurrencies.

    A survey announced on April 20 by the Korea Financial Investment Association reveals that the ordinary cryptocurrency trader in that country has grown their crypto holdings by 64.2% in the last year.

  • Can Focused Groups Solve Loss Problems?

    Can Focused Groups Solve Loss Problems?

    Can Focused Groups Solve Loss Problems?
    How do focused groups work? What are the advantages?

    By Guy Avtalyon

    Yes, we have to discuss focused groups.

    You do not need a time machine to profit from crypto It’s true. If you invested in Bitcoin 7 years ago, 5 years ago or even 2 years ago – you would become a millionaire.

    But, it’s still can happen.

    In fact, people are still making good profits from it. Some even left their day jobs because of it I DO NOT say you need or will leave your day job

    Everyone needs a secure and safe income, and we all know there are many risks in the fortune markets, the stock markets, and even the crypto markets.

    But the time is now.

    Let me share a scenario I believe will happen:

    First of all, you should know (if you don’t by now) that crypto wallets are public for everyone to see how much you have inside, BUT it’s encrypted that way no one can know whom this wallet belongs to…

    So, we can all see the largest bitcoin wallets there is:

    https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

    Two things interest us most:

    1. There are 1,292(!!) wallets with over 10MIL of US Dollar worth in them
    2. And the richest wallet has $1,839,622,745 USD of worth in it (Almost 2 Billion(!!!!!) Dollar) for lucky address number 3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

    Why do we care about all these?

    Again, for 2 reasons:

    1. It’s clear there is A LOT of money into it
    2. By the fact we are a lot smaller than them, we can use their largeness to our advantage!
    What do I mean?

    Say, a big shark, someone with a wallet of 5 million dollar wants to start making these profits for real and monetize it into dollars. That means – sell it at market price for any demand.

    He can do it for only until some kind of limit, once he tries to get rid of a lot, it will definitely impact the price Bitcoin is trading. So, the largest your wallet is – the more difficult it will be for you to turn it into more usable money.

    In fact, the fact those wallets still have those amounts of money in them means 2 things:

    1. They lost the password, which means those bitcoins are lost forever
    2. They turn it into money slowly, slowly so it won’t impact the trading price

    What we aim to do, besides many more things we do, is to follow the leader
    It’s a common strategy in the Game Theory industry.

    What it basically means, is that once you’re not the leader (in this case, for sure) – you should look carefully at what is the leader doing and copy it as fast as you can.

    You can learn more about it here:
    https://en.wikipedia.org/wiki/Stackelberg_competition

    So how can you profit off it?

    It’s simple.

    You got a few options:

    1. Buy and hold for at least two years (most risky)
    2. Trade it. Just trading Bitcoin most of the times, using profit and loss boundaries, can make you profit with day trading (sometimes can take up to few days)
    3. Join some focused groups who are focused on the wealth of the entire group

    How do the focused groups work?

    Most of the times it’s based on 3 things:

    1. The knowledge of the combined group.

    It is well known that the crowd’s knowledge is better than any individual. Even the smartest alive is dumber than a group of 100 ignorance.

    So with this kind of social empowered brain, where different people from different countries with different news they read in different time meet – the predictions can be way better than an individual one.

    1. Educating

    It’s true, it’s never 100% of the people in the group (focused groups are no exception) take part in learning and educating themselves, and stay a silent part of the group that only wants to profit.

    Most of the people aren’t like that – they like to learn more, investigate have a healthy curiosity and, well, let’s face it:

    When it’s your money at risk – you should try to do ANYTHING you can to feel more secure.

    1. Using high technologies to measure and predict trends
    This is the advantage.

    Even when you have the smartest people in the world in your group, there is only so much a human being can do.

    For an example of high technologies that can potentially be the difference between ‘profit’ and ‘lose’ can be are:

    1. Following the biggest wallets – this means, if the technology detects unusual movements in the bigger wallets, it can indicate that they know something other people yet know and use it to their advantage.
    2. Following trends and market movements
    3. Comparing prices between many cryptocurrencies to make profits of arbitrage (the difference between the same crypto coin’s prices in different markets it’s traded on) etc.

    In fact, there are many more ways technology could help us gain advantages in the market…

    Bitcoin Focus Group is one of the few that combine all of them together. It’s mostly because they already have experience and active users.

    Every similar group can be successful. It only needs to have active users inside and gain experience. Experience lets improving all systems.

    Another thing that we must never forget – the focused groups’ interest is that everyone will gain profits. If some lose, the focused groups’ reputation drops drastically.

    I feel I need to warn again – there is no easy money (you will read about a lot in this blog) – We just try to outsmart some of the people.

    That’s all!

    Take into consideration, most of the focused groups have time and seat limit, so be sure to sign up. Do not pay in advance, always ask for a free trial if possible.

    Bitcoin Focus Group is recommended – Hurry up and check if you’re qualified.

  • Alert System Activate! Danger In The Air?

    Alert System Activate! Danger In The Air?

    Alert System Activate! Danger In The Air?

    When is danger in the air Bitcoin alert system will be activated.

    What? You didn’t know that Bitcoin has a warning system? That’s because it’s a private key the cryptocurrency’s creator entrusted to several bitcoin developers that activate the protocol’s so-called “alert system,” once used to flash a text warning to those running the software in case something happened that could impact the security of their funds.

    About a year ago it was like this:

    On January 19, 2017:

    The Final alert has been broadcast. This final alert essentially disables the alert system by overriding all alerts, preventing other alerts from being broadcast, and displays the static message “Alert Key Compromised”. The Alert Key will be published in the coming months, was only known info.

    After that, on March 8, 2017:

    Bitcoin Core 0.14 released with hard-coded final alert. The Alert System was disabled and deprecated in Bitcoin Core 0.12.1 and removed in 0.13.0. The Alert System was retired with a maximum sequence final alert which causes any nodes supporting the Alert System to display a static hard-coded “Alert Key Compromised” message which also prevents any other alerts from overriding it. This final alert is hard-coded into this release so that all old nodes receive the final alert.

    On May 1, 2017:

    Postpone release date of Alert key. Older clients could contain Alert handling code which is exploitable using the alert key, therefore the public release of the key has been temporarily postponed until considered safe.

    A few days ago, Bitcoin Core contributor Bryan Bishop twitted: ‘‘It’s time to reveal the bitcoin alert keys.”

    Who is in command of the alert system?

    This tweet is followed by a string of tweets without fully revealing it but quite cryptographically proving he’s in possession of the secret key.

    “It’s time. I’m thinking about releasing the private key early July at Building on Bitcoin, though it’s not finalized yet.” Bishop told. But he isn’t sure about the exact date of adding:

    Anyone with the alert key can send alerts to the Bitcoin network that would show up in GUI. Since this is centralization, Core developers are working on removing this power from themselves, to ensure BTC stays decentralized.

    What is the use of the alert system? Can be used to span?

    After May 1, 2017, no developer with possession of this secret code took an action. Until now.

    On the other hand, Bishop is giving to these projects and developers one last chance by sending messages on Twitter and through other channels.

    This kind of pressure which is coming from Bishop shows that Bishop and others are worried about attacks on their reputation. For instance, if the private key was compromised and used to sign a message with bad intentions, it could be blamed on one of the Bitcoin Core developers who’s known to have the key.

    “It would be better if the key was released,” said Bishop.

    Where is the catch? Nobody knows the full list of people that have access to the private key. But the secrecy is a liability because some of the people who have the key are known in public.

    Revealing the key is potentially dangerous for any cryptocurrencies.  

    If they used an older version of bitcoin’s code to create their cryptocurrency, and they did that, and they have not disabled the alert key mechanism in their own code, the other altcoins are in danger.

    “If the copycats have not disabled the alert system, nor changed the alert key [public key], and if they have not sent what’s known as a final alert message, then once the [bitcoin] keys are released, anyone will be able to send alerts on those [other] networks,” Bishop told CoinDesk.

  • Bitcoin use: The New Era Has Started!

    Bitcoin use: The New Era Has Started!

    Bitcoin use: The New Era Has Started!
    Who would use the fiat anymore

    By Guy Avtalyon

    I would like to tell you a few words about our global educational system. All over the world! They never teach us about even basic finance and who can expect now that people can understand and adopt something complex such is Bitcoin or any other crypto.

    What teachers taught us?

    My teachers taught me how interest was compounded.

    The reasons may not be so clear, but if banking history and monetary theory were taught in schools, no one would use the fiat system. Is so obvious. On the other hand, Bitcoin is a lot simpler than the fiat system, but people are legally compelled to adopt fiat.

    They are forced to! And it is globally. The situation is even worse than that. The people teaching youngsters these days have grown up under Keynesian economic theory  (also called Keynesianism). So, they strongly believe that money is defined as money only if you can touch it, smell it, or hear the sound of counting money.

    Keynesians cover different macroeconomic theories. They believe that in the short run, especially during recessions aggregated demand has a powerful influence on economics. Behind Keynesian theory stand the idea the governments should increase demand to boost growth. These economists believe buyers’ demand is the principal driving force in an economy. This theory promotes the expansionary fiscal policy. The theory strongly depends on government spending on infrastructure, unemployment compensations, and education. Well, the drawback of this theory is that overdoing Keynesian policies boosts inflation.

    It was very difficult for me a few years after Bitcoin came into my view to free my mind from its previous training.

    Ok, some people adopted new technology like ones who buy Android phones or some who run Linux as desktop. Some people are spoon-fed technology, like ones with iPhone or OSX.

    Anyway, I don’t expect people to understand.

    Bitcoin use

    Adoption of something doesn’t require understanding. We all use the internet in every segment of our lives but we can’t point our finger and say “Here! This is the internet!”

    If you ask someone how they understand that the universe is infinite and how they understand the meaning of infinite, you would be surprised by the answers.

    After all, I do not understand how the dishwasher works, but I still use it. Others can’t understand mobile phones or computers.

    But they are using that!

     

    So, use cryptos without fears.

    That’s why there is no excuse when I hear from someone that he does not understand how cryptos work. And how hard is to trade.

    OK, it takes intelligence, but no more than any traditional financial equity trade.

    Yeah, it takes basic finance knowledge to understand and invest but no further than average.

    People should know, if everyone learned about finances they would work and invest and become self-funded within 7 or 8 years even making minimum wage. C’mon, people, wake up!

    But I want to tell you.

    Bitcoin is making the biggest revolution in the finance industry in the last 200 years. Leading all cryptocurrencies, Bitcoin is at the forefront of the bleeding edge of blockchain innovation.

    I think it is necessary to stay patient and witness history first hand.

    Nothing can stop that!

  • Is Bitcoin dead? It is not the end!

    Is Bitcoin dead? It is not the end!

    Bitcoin is not dead

    1 min read

    Is Bitcoin dead? OK, who wanted to say that Bitcoin is dead?

    I can’t hear you! Speak louder, please! 🙂 

    This the most popular crypto will last forever.

    Today’s Bitcoin price is $6,150! More than for the weekend. And I think like many other professionals, it will be higher and higher.

    This is gonna sound crazy, but …

    In the next few days, the $6150, will be an important level to observe, and if the bitcoin price can surpass beyond that point, it is possible that the cryptocurrency initiates a strong short-term recovery and enter the July with large gains.

    The trading volume has to increase first, and the transaction volume of bitcoin will increase, and then as user activity surges, the bitcoin price will follow.

    So, is Bitcoin dead?

    Do you think that’s weird? No, it isn’t! That’s how markets do.

    I that case, what Tim Draper said can have sense. Ok, maybe one Bitcoin will never be quarter million US dollars, but close to that value…for sure.

    Well, I know several people who would say that crypto markets are so bad that they decided to stop showing ads for ICOs.

    Well, guys, you are totally wrong!

    You have to know one important fact: Bitcoin had 4 crisis so-called bubbles so far.

    The first was July 2010, when he jumped from $ 0.008 to $ 0.08.

    The other was the “Big Bubble 2011”, from $ 0.06 to $ 31, then dropped to $ 5.

    The third was in April 2013, from $ 20 to $ 280, when Cypriot banks rescued floating client deposits.

    The fourth was a major crisis of the MtGox Stock Exchange in November 2013 when it jumped from $ 70 to $ 1,200, and a few months later it fell to $ 200.

    Bitcoin is not dead
    What I want to say, Bitcoin is very experienced. Don’t worry about it.

    Ups and downs, that is the journey of experience.
    Like life is.

    And c’ mon man, don’t tell me you never have ups and downs and that fiat doesn’t have them at all.

    And c’ mon man, don’t tell me you never have ups and downs and that fiat doesn’t have them at all.
    Rubbish!

    For a better understanding of how the Bitcoin performs in the market, you can read the full tutorial HERE
    See ya in the future, there you will meet me.



  • Is This Bitcoin’s Bottom?

    Is This Bitcoin’s Bottom?

    1 min read

    The Bitcoin price has dropped below the $6,000  after initially below the $6,000 on June 23. Bitcoin officially fell to the lowest level from the beginning of this year. This drop is almost identical to the 2014 situation when BTC experienced an 80% correction from its all-time high.

    In fact, there are almost no differences, as both collapses are caused by the same cause by the eruption of a retail investor bubble. On the end of May and from the beginning of June, it seemed that the crypto market is recovered. The market was, for almost two weeks, stable.

    Bitcoin price charts are an electrocardiogram

    In today’s article Bitcoin falls below $6,000. But crypto trader says it’s not dead, Kellie Ell CNBC’s author, with reference to Brian Kelly, founder, and CEO of BKCM LLC, an investment firm focused on digital currencies, write:

    ”Bitcoin fell below $6,000 on Friday, but bitcoin bull Brian Kelly told CNBC that the popular cryptocurrency is “not dead.”

    While Kelly said the drop is “painful,” he also said it’s not unusual.

    “This is not the funeral for bitcoin whatsoever,” Brian Kelly, founder, and CEO of BKCM LLC, an investment firm focused on digital currencies, said on “Fast Money” Friday.

    “Let’s put this in perspective,” he said.

    “Do you know where we were a year ago? $2,500.”

    How To Make Money With Blockchain Technology?

    This morning value of Bitcoin was $5, 852 which is the lowest price from the beginning of the year. Now, at 4 PM CET, it is $5,927. Will, it hit quarter-million dollars. as Tim Draper said several days ago?

    For sure we have to wait. The truth is that the Bitcoin price is very unstable, with big and fast ups and downs. For some crypto fans, it is the true charm of Bitcoin. For ordinary people, buying Bitcoin is madness.

    You might be interested to read: Why you shouldn’t invest in bitcoin under any circumstances

    I’m sure we have to wait until 2022. It will be fun to see opponents how they are sad for not buying Bitcoin earlier when the Bitcoin price was much lower.


  • Do You Need A Broker To Trade Crypto?

    Do You Need A Broker To Trade Crypto?


    Read to the end.

    By Guy Avtalyon

    Do you need a broker to trade crypto?

    Nowadays, everything revolves around Bitcoin and cryptos. Due to the exponential increase in the price of most cryptos, an increasing number of people are considering how they can profit from it. So far, you’ve only been watching from the side of the other, watching others fill their pockets … it’s certainly an unpleasant feeling. It’s time for you to start trading!

    When you first start taking an interest in cryptocurrency you may think you are so lost in this huge sea of unknowns.

    Do you know how does the cryptocurrency market work? FIND HERE

    Where do you start? What are the useful keywords to look up and keep in mind? What are the available helpful resources?

    The question: Do I need a broker to trade crypto is the mother of all questions.

    To whom I can trust is the main and most powerful weapon when you have to choose the way to trade crypto.
    Over time, many have proven themselves to be scammers, and people lost trust. But you still have wonderful platforms. So, the answer is:

    No, you DO NOT need a broker to trade crypto.

    And of course, you may trade bitcoins with anyone without having to pay fees to a centralized exchange. True is that you don’t need any kind of mediator or agent between you and the crypto seller. I think the big advantage of bitcoin is no middle man.

    You don’t need a broker to trade crypto

    All you have to do is to use one of the trading platforms’ equipment with very good software. And there are scores of trading platforms. Powerful, to which you can trust.

    The most common place where people buy and trade cryptocurrency is on the exchanges. Those are places where you may buy and sell your crypto, using fiat. There are multiple measures to judge the reliability and quality of an exchange, such as liquidity, spread, fees, purchase and withdrawal limits, trading volume, security, insurance, user-friendliness.

    The first thing you really need is access to the “marketplace” from where to buy these cryptocurrencies. In other words, if you want to trade cryptocurrency you need:

    1) cryptocurrency wallet
    2) cryptocurrency exchange to trade on.

    Simple as that.

    Choose some respectable exchange and follow instructions. It mostly comes down to the following. After setting up an intermediary bank account and verifying your details, you are only five simple steps away from a Bitcoin purchase:

    1) Access the ‘Buy/Sell Bitcoin’ tab
    2) Select the payment method using the drop-down menu
    3) Enter the desired amount
    4) Click ‘Buy Bitcoin Instantly.’
    5) View your credited Bitcoins on your dashboard

    This process sometimes should be repeated several times.

    But it’s worth it in the end. Of course, it isn’t without any fees but fees are much lower than if you use a broker.

    If you’re interested in trading Bitcoin then you have a broad range of cryptocurrency exchanges from where to choose. But first make sure the exchange you pick accept fiat deposit so you can buy Bitcoin directly with your fiat money (US Dollar, Euros, etc.). Secondly, you want to make sure your preferred cryptocurrency is listed on the exchange. The most popular Crypto Exchange is CoinBase. But you can also use GDAX, BitFinex, Wirex, Binance, Coinmama, Bitpanda, or similar.

    If you want a bunch of fancy tools with which you can buy and sell cryptocurrencies you’ll want to use one of the exchanges that offer you a large variety of order types.

    An important factor when deciding your preferred cryptocurrency exchange is to research it thoughtfully and also listen to other user reviews and experiences.

    So, the answer to the question is – NO!

    If you want to invest in cryptocurrency, and not just buy/sell/trade, then you have a few options:
    a) New investors can choose an exchange to buy coins on and a wallet to store the coins in.
    b) An exchange-broker-wallet hybrid that allows customers to buy/sell/store cryptocurrency or some else options which I don’t want to recommend one until I reviewed them.

    But that is a completely different story.

  • A Trading Portfolio Should Look Like…

    A Trading Portfolio Should Look Like…

    Take a big breath and a pencil.

    2 min read

    Everyone has dreams about how the good life should look like. But it, besides earning enough money, it is necessary to build an investment or trading portfolio. Especially if you want to invest or trade cryptos.

    Before you begin building your complete financial portfolio you have to be calm and reasonable.

    Take a big breath and a pencil.

    The whole process of building a trading portfolio should be done in SEVERAL STEPS:

    STEP 1: Define why do you want to invest or trade. Your purpose is very personal.  If you thought saving and investing meant the same thing, you were wrong. Savings are the unutilized part of your income. Only when you put your savings partially or entirely into an investment instrument, it qualifies as an investment.

    STEP 2: Be realistic about your appetite for risk. Most of us know how much we have saved to date but very few of us have a realistic understanding of how much risk we’re willing to take on to achieve our financial goals. Your risk appetite will depend on your age and financial responsibilities.

    Young investors are under enormous stress! READ MORE

    STEP 3: Understand the relationship between risk and return. Risk and return are directly proportional to each other. Higher the risk involved, higher is the return and vice versa. For example, you have promises higher returns compared to fixed deposits, but it also comes with a relatively higher risk.

    Step by step to the trading portfolio

    STEP 4: Create a contingency fund. Honestly speaking, this has to be the first. Before you invest or trade anywhere, you must create a contingency fund for those rainy days. A contingency fund worth six months of your current income is good enough to keep you from dipping into your investment funds.

    STEP 5: “If you don’t know where you’re going, you’ll miss it every time.” – baseball philosopher, Yogi Berra. That means, you know your purpose for investing, but do you know what it will cost to achieve that purpose.

    STEP 6: Invest with a plan. The most successful portfolios are assembled based on a solid understanding of the fundamentals of the individual securities that comprise the portfolio. The trading portfolio should also factor risk tolerance into the balancing discussion.

    STEP 7: Give it time. While there may be some investment choices that you hold for shorter periods of time than others, overall, maintaining the long view should deliver consistently positive returns.

    And general advice while building a trading portfolio: TRY NOT TO BE OBSESSED!

    Markets can be volatile from day to day, even month-to-month, never mind hour-to-hour especially the market of cryptocurrencies. But over longer periods of time, volatility subsides. Build your portfolio and let it run.


    Checking the market every 15 minutes or so won’t affect your portfolio, but it will affect your sanity.

    When a lot of people think of investing or trading, they imagine painstakingly picking individual stocks, tracking their daily performance and constantly buying and selling. This may be good and interesting for TV shows or movies. But in real life it is agony.

    All you need to do is pick a couple of funds that attempt to mimic the total market’s behavior, and, for the most part, leave them alone for 5 or 10 years. It’s very simple, and it’s something everyone can and should do. In fact, it’s one of the best ways to effortlessly build wealth in the long term.

    There are more cryptos to the market and a good portfolio will usually include a few different types of investments.

    Are there any differences among trading portfolios for different assets?

    But when we are speaking about the trading portfolio, the principle is the same for cryptos and stocks: suitability, balancing different sectors and fund/crypto types.

    You can build a cryptocurrency portfolio using a risk-reward formula if that is acceptable to you. You are that one who has to decide how much risk you want to take on and that should influence which coins you invest in.

    Recommendation is keeping at least 50% of your portfolio in safe-ish coins like Bitcoin, Ethereum, Litecoin, Icoin.

    When building your own cryptocurrency portfolio you should not simply copy mine, always do your own research and decide which coins you can be excited about. Crucially, the entry point is very important and I entered many of these coins months ago when they were cheaper, there may be better buys out there right now. Buying more coins to expand your cryptocurrency portfolio is a smart idea.

    Diversify trading portfolio


    The more you diversify, the better your chance of hitting a coin that flies to the moon.

    To properly expand your portfolio, you will need to join a trading platform, some of the largest and most trusted trading platforms which list a wide selection of decent coins.

    Once you have your BTC in place on a cryptocurrency exchange, you can then expand your portfolio and buy other coins.

    How to structure your stock portfolio? HERE IS THE ANSWER

  • 10 Things You Need To Know Before Choosing A Broker

    10 Things You Need To Know Before Choosing A Broker

    10 Things You Need To Know Before Choosing A Broker
    One of the biggest decisions you’ll have to make is which exchange or broker to deposit funds with.

    By Guy Avtalyon

    What do you need to know before choosing a broker? A decision to choose the broker may be a nightmare for traders. If you read about them on various forums or read paid bad reviews, you can really find yourself stuck in that. One of the biggest decisions you’ll have to make is which exchange or broker to deposit funds with.

    If you’re looking to buy a cryptocurrency in an ICO, the advice is to read the company’s prospectus for this information:

    a) Who owns the company? A recognizable and popular owner could be a positive sign.

    b) Are there other major investors who are investing in it? It’s a good indication if other famous investors want to invest in the currency.

    c) Will you own a stake in the company or just currency or tokens? This distinction is important. Holding a stake means you’ll get to share in its earnings, while buying tokens simply means you’re allowed to use them, for example, like chips in a casino.

    d) Is the currency already developed, or is the company looking to raise money to develop it? The further along with the product, the less risky it is.

    What things you need to know before choosing a broker

    Before you jump in all of this you have to check:

    1) Demo Account: Before risking your own money, it is absolutely crucial you trade with a demo account. You need to know before choosing a broker if it offers a demo account Demo accounts are the best option a trader has to test a trading strategy and evaluate how they are as a trader. It might not be perfect, but it is better than the alternative of jumping straight into the deep water.

    2) Accessibility: Before you sign a contract with a  broker, test out their customer service and support. Are they accessible? If you have a problem whether it is technical or general, is there someone there whose only job is to provide you better service?

    3) Legitimacy: It is important to check on the broker’s website for any additional financial information and statistics about the brokerage. If it is not there, check on the parent company’s site, and if you cannot locate this information, this should raise a red flag. This is information you need to know before choosing a broker. 

    Also, you can CHECK HERE

    4) Resources: It is important to ensure that the platform competes with the market standard of including real-time charts, integrated technical analysis tools, live news, and updated market data, and sometimes support for trading systems.

    5) Foundation: The number of online brokers is expanding fast, so you’ll need to check and double-check before signing anything. Particularly if it involves very large amounts of money. It is therefore important to investigate who and what is behind the brokerage and how strong its foundations are.

    6) Competitive Spreads: After determining the integrity of the online broker, now you need to evaluate the quality of their offering.  It is of absolute importance to find a broker with the smallest spreads. That will warrant maximum profit for you.

    What else is important when picking a broker?

    7) Leverage Flexibility: is one of the most important advantages of the market. But large leverage is not always the top option for all traders. The larger the leverage involves the higher risk. So if you have limited money, higher leverage will increase your opportunities, that’s sure. On the other hand, if money isn’t a problem, lower leverage is better to pick.

    8) Account Types: Alike with the leverage, the type of account you choose will depend on your needs in trading. When choosing a broker, it is important it offers several types of trading accounts.

    9) Lenient Margin Rules: If a brokerage has strict margin rules, you might encounter a sharp decline in one of your positions. So, before it gets a chance to recover and make you some profits,  your broker can make a margin call. That can liquidate your account. This will result in great losses for you. It is important to know that broker’s margin rules are not too severe.

    10) Emotionless Trading Features: You need to trade in a cold and calculated way so as not to let your emotion get the best of you. One of the guiding principles in successful trading is “Leave emotion out”. This is done by setting a broker’s trading platform and under no circumstances deviating from them. The main advice is don’t rush into it, check your broker against the above criteria, establish a trading strategy, examine the market using technical and fundamental analysis.

    And experience of other traders too.