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Vaigha Varghese

Are Bitcoin and Crypto Futures a Good Investment?

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There are different ways through which you can invest in Bitcoin and cryptocurrencies but Bitcoin and cryptocurrency futures trading is one of the best. Cryptocurrency futures trading has seen tremendous growth since it was started, which can be largely attributed to the increased number of crypto futures exchanges getting into the market. 

You, therefore, have to carefully investigate the many exchanges to choose the best when venturing into Bitcoin and crypto futures trading. You have to evaluate the features of each of the exchanges against your goals since different exchanges offer different features that will influence your futures trading experience.

Some of the most sought-after features of a futures exchange include trading fees, types of futures, and the maximum possible leverage. One of the best-rated Bitcoin and Ethereum futures trading exchanges, BTCC exchange, has very favourable trading fees, a wide variety of futures., and offers maximum leverage of 150x, which is way above what most exchanges offer.

Bitcoin Spot Trading
BTCC Trading Platform

Crypto futures trading vs spot trading

When cryptocurrencies were first introduced, the only way that holders could trade them was through spot trading, which involves holding a specific cryptocurrency for you to sell it in exchange for another cryptocurrency or fiat currency. But after the introduction of cryptocurrency derivatives, it also became possible to trade cryptocurrency futures, which involves opening futures contracts on the price movements of a cryptocurrency without holding the actual cryptocurrency in a digital wallet.

Some of the exchanges that started with offering cryptocurrency spot trading have now also incorporated futures trading by providing alternative platforms where users can trade crypto and Bitcoin futures as well.

Cryptocurrency spot trading

In cryptocurrency spot trading, you are required to have a crypto wallet where you can hold cryptocurrencies. You then require to open an account with an exchange that offers spot trading and link your crypto wallet to it though other exchanges have inbuilt crypto wallets where users store their cryptocurrencies for trading.

 

crypto spot trading

Most of these exchanges are mostly pear to pear trading platforms where you identify another investor who wants to buy or sell a certain cryptocurrency at a certain price and you go ahead to sell or buy respectively. A good example of such a crypto exchange is LocalBitcoins.

In spot trading, you will be required to find a way of acquiring a certain cryptocurrency for you to trade it which makes you a target for hackers.

One of the main features of spot trading is that the settlement happens immediately since the buyer has to get the specific cryptocurrency they ordered while the seller gets fiat currency, stablecoins, or another cryptocurrency for the trade to be marked as complete.

However, for you to make a huge profit in spot trading, you have to have a large amount of cryptocurrencies. For instance, if you bought 1 BTC at $16000 and sold it at $23000, you would only make $7000. But if you had bought 10 BTC at the same price of $16000, and sold it at the same price of $23000, you would end up making a profit of $70000, which is ten times more.

Cryptocurrency futures trading

In cryptocurrency futures trading, you are not required to hold any cryptocurrency in a crypto wallet since futures contracts are derivatives instruments, which allows you to trade on the price movements of various cryptocurrencies without owning the actual cryptocurrencies.

Cryptocurrency futures trading

Once you choose a futures exchange, you deposit some funds, which can be in the form of stablecoins or fiat currency depending on what the exchange allows, into your futures trading account. If you are to trade on BTCC exchange, for instance, you would be required to deposit USDT stablecoins.

Your trading balance then increases or reduces depending on whether you are making losses or profits in your trades. 

In crypto and Bitcoin futures trading, settlements are made after the predetermined time expires. Different exchanges offer different expiration times ranging from daily, weekly, to perpetual contracts.

Also, the exchanges allow margin trading and provide you with leverages to enable you to open and hold larger positions than your account balance would allow. Different exchanges however offer different leverages with exchanges like BTCC offering some of the largest leverages of up to 150x. 

Although margin trading is advantageous, it is two-edged. If your market speculations are incorrect, you could bear the brunt. The larger the leverage, the larger the profit you make per price movement when your market speculation is correct but also the larger the loss in case the speculation is against you.

Conclusion

If you are looking for a good investment in cryptocurrencies, you could consider going for Bitcoin and crypto futures trading over spot trading.

Cryptocurrency futures trading does not require you to hold the volatile cryptocurrencies in crypto wallets like in spot trading. This also makes it safer since it does not expose you to the risk of hacks which is very common with crypto wallets and spot trading platforms.

Also, in futures trading, you do not require to have a lot of money in your trading account for you to open a large position since futures contracts exchanges allow margin trading and you can choose the leverage you want to magnify the size of your position.

Futures trading is also 50% to 80% cheaper than spot trading where you will be required to pay about 0.1% to 0.2% of each trade. 

BTCC Crypto futures exchange: https://www.btcc.com

In addition to the English market, BTCC is also available in Korean (비트코인 선물거래), Japanese (ビットコイン先物契約), and Vietnamese (Hợp đồng tương lai Bitcoin).

How to Become a Bitcoin Trader

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Before we dive into how to become a Bitcoin trader, we need to explain what Bitcoin trading is. Ever since it appeared back in 2009, Bitcoin has been growing in popularity and value. Because it’s not connected to any government institutions like other currencies, this cryptocurrency is entirely independent.

That’s why more and more people choose Bitcoin over traditional money, and it can be very profitable to enter the trading business. Like with anything else, the point of Bitcoin trading is buying low and selling high to earn a profit. But how can you become a Bitcoin trader? You don’t need a fancy college diploma to be successful.

With a bit of practice and reading about how trading works, anyone can become a successful Bitcoin trader. So if you’re thinking about becoming one, you’re in the right place to find out how to get started.

Why Trade Bitcoin?

As the strongest cryptocurrency on the market, Bitcoin has many advantages that other cryptocurrencies, or fiat currencies, can’t provide to their users.

First, the most significant advantage is the widely accepted payment method. Over the years, Bitcoin gained enough popularity to become a valid payment method across the world. Many people choose it because of its global use while avoiding unnecessary currency exchange.

Exactly because of that reason, Bitcoin will only grow further in popularity and use. That’s why this is the ideal time to invest in some Bitcoins with NordikCoin and sell them later for an increased price.

Second, the same widespread Bitcoin use helps with more comfortable and faster international transactions. While fiat currencies need to be processed through a bank or any other financial institution, the Bitcoin transaction is completed in just a couple of seconds, without any additional charges.

Finally, connected to the previous point, Bitcoin provides lower fees than any other currency available on the market. Transactions fees using Bitcoin are always more affordable, and there are no unexpected costs.

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1. Learn Regression Analysis

First things first, trading business requires a lot of effort and research. To be successful, or even get started, you need to know at least the basics of analysis. Like any other currency or cryptocurrency, Bitcoin is volatile – it has the quality of unpredictable rises and falls. Thus, to be successful in the trading business, it’s necessary to analyze charts and use them for your trading strategy.

Regression analysis can mean whether you succeed in this business or not. The ability to predict the future value of a currency is a complex task, but not an impossible one.

Although regression analysis might seem intimidating at first, remember that the most challenging step is to start something you know very little about. Once you get the hang of it, you’ll see that it’s just a matter of practice and learning from your previous mistakes.

The most important thing is to always evolve your knowledge about analysis and trading and create new strategies for your benefit. With NordikCoin, you can get the best deals for purchasing your Bitcoin to get you started.

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2. Stay Up to Date

Before starting with Bitcoin trading, you need to make sure if Bitcoin trading is legal in your country. Because cryptocurrencies are a fairly new thing on the market, there still aren’t that many laws proclaimed about its legality.

However, some countries are starting to take action, so make sure to determine whether your country passed an act related to Bitcoin.

One of the most important things is that, in the trading business, you need to be informed about the newest changes that may take place. Make sure to check your data regularly and track all present and future activities.

The majority of people falsely believe they’re completely informed once they make a successful transaction.

But this is not the case because the trading market is always changing, and traders need to acquire new information and update their strategy regularly. So it doesn’t matter whether you have previous trading experience or not. The Bitcoin market is continuously changing and evolving, and you need to invest a lot of time, energy, and resources into your trading education and practice.

3. Keep Moving Forward

Everyone is afraid of making a big business mistake. Why? Because we believe that if we make a mistake, we’re not cut out for the job. But we’re all human, and it’s impossible to execute every task perfectly. Sometimes you win, sometimes you lose – that’s the first rule of trading.

So don’t stress too much if the business doesn’t go well in the beginning.

Over time, you’ll figure it out and start to see the changes. Whether you win or lose, NordikCoin is always there to provide you with the fastest and easiest Bitcoin purchase process.

At the end of the day, the most important thing is to learn from your mistakes and try not to repeat them. Even when you lose, set stops and limits as the crucial management tools that will prevent you from risking too much of your assets.

Conclusion

To sum it up, the Bitcoin trading business is an excellent opportunity for all tech-savvy people out there.

If you want to combine your love for trading and technology, Bitcoin is the perfect way to go. Although it may seem overly complicated and too risky at first, we recommend you start small and build your way up.

There are excellent companies like NordikCoin that are here to give you a helping hand and offer you great deals. With that, you can get a sufficient amount of Bitcoin to get started at a great price. Remember always to stay updated and good luck!

PrimeXBT Research: Why PayPal Support Could Make Litecoin Shine Again

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Litecoin is often considered the silver to Bitcoin as digital gold and is one of the earliest and, therefore, most decentralized cryptocurrencies. However, since 2017 when Litecoin reached its all-time high peak alongside Bitcoin, the altcoin has lost its luster.

A short-lived glimmer of positivity around the asset’s halving causes prices to climb, but again, Bitcoin left it behind. Fast forward to now, and Litecoin is suddenly sparkling again, following news that it would be one of four cryptocurrencies supported by PayPal in a recent announcement.

Of the four assets, Litecoin surged the highest – more than 20% – on the news, but why? And is it enough to keep the digital version of silver shining once again? PrimeXBT’s lead analyst Kim Chua explains the key reasons why PayPal’s support could bring new growth to the long-stagnant cryptocurrency.

PayPal Puts The Spotlight On Litecoin, Supports Crypto As A Whole

Payments giant PayPal has revealed Litecoin as one of four cryptocurrencies that it will soon offer its 346 million customers and eventually support payments at PayPal’s over 26 million merchants worldwide.

Out of the four cryptocurrencies that users in the USA will soon be able to buy – Bitcoin, Ethereum, Bitcoin Cash, and Litecoin – Litecoin rallied the hardest following the news. Gains have thus far sustained, and the altcoin could soon be targeting higher if momentum can sustain also, Chua says. Her analysis includes targets of $85 if resistance at $70 can be broken. But she also expects Litecoin to outperform the rest of the pack.

Throughout 2020, Ethereum was the best performer out of the four, driven by the DeFi frenzy that came to a climax over the summer months. Bitcoin is currently the best-performing mainstream asset, beating out gold trading, stocks, and just about anything else.

While Bitcoin Cash has its own set of controversies, the damage done to Litecoin sentiment when founder Charlie Lee sold his stake in the project at the peak in 2017. Lee famously sold the top of the crypto bull market while simultaneously predicting a chance of the altcoin going to $20. It fell to that price at the bear market bottom, crushing investors and believers in the project’s hopes of a recovery.

Tarnished Digital Silver: Litecoin’s Similiaries With Bitcoin Are Gold

The multi-year decline has left Litecoin with little interest aside from acting as a testbed for second-layer Bitcoin technology. But this isn’t all a bad thing. Because Litecoin’s technology is nearly on par with Bitcoin’s and due to the similarities alone, it proves Litecoin is a robust and secure network. Litecoin also shares similar economics and the same block reward halving mechanism taking place approximately every four years.

Where things begin to differ is in the asset’s total supply. There are four LTC for every BTC, with 84 million compared to just 21 million. The current circulating supply of BTC is around 18.6 million, with a market capitalization of $240 billion, while LTC’s supply is about 66 million and $3.7 billion in cap.

Because the supplies and market cap are not proportionate with one another, the current price per BTC is $13,000, while each LTC is priced at roughly $58. The low cost relative to Bitcoin, Ethereum, and Bitcoin Cash, is yet another reason why investor interest dimmed on Litecoin over the years.

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Sinking Social Sentiment Turn Off The Lights On LTC, PayPal Turns It Back On

Due to the cryptocurrency market’s speculative nature, the buzz in the community and hype on social media is essential to luring in investor capital for all of the reasons mentioned above, including low price, founder issues, and negative sentiment, it has led to Litecoin lagging behind the rest of the market.

But that all could change now that Litecoin is on the list of cryptocurrencies supported by PayPal and has the furthest road to recovery. Aside from the seismic announcement on its own, moving forward, LTC being listed as one of the four crypto assets USA users can buy on PayPal will be a much-needed boost for Litecoin.

Not only will interest and hype begin to return, but by introducing the altcoin to a new audience and userbase that isn’t aware of the issue with founder Charlie Lee, or the years of disinterest, prices will begin to race and catch up to Bitcoin, and Ethereum’s almost two-year-long head start.

Non-crypto users who aren’t familiar with cryptocurrencies may see Litecoin’s low cost as a low barrier to entry and the cheapest price to own one full coin of the cryptocurrencies offered on PayPal. They could also view the lower cost coin to be a safer investment when first risking money in crypto.

Immediately following the news, social media mentions of Litecoin went through the roof, spiking several times higher than the usual dull trading volume, as the chart above demonstrates.

Social media has since fallen back to normal levels, but the subsequent rise in trading volume has sustained the price increase over the last week, suggesting traders aren’t eager to take profit on what might be a long-term reversal. Former resistance at $52 should now act as strong support, while Chua says that there is “potential to move to around $70-$75.” She also says bulls are likely to “defend” the neckline of an inverted head and shoulders pattern that coincides with $52.

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Ride Litecoin “Skyrocket” On An Upward Trajectory With PrimeXBT

Bitcoin being the first-ever cryptocurrency and having the largest regulatory acceptance and adoption, will always command a premium over its peers. However, few cryptocurrencies are as similar to Bitcoin as Litecoin is, which is a stamp of approval on the altcoin’s long-term value and longevity.

The market is now learning with more large-sized institutional participants that there isn’t enough BTC supply to go around, and because Litecoin’s supply is only four times more, digital silver has similar scarcity to Bitcoin and the precious metal its nicknamed for. As new investors come into crypto by way of PayPal, owning one full Bitcoin could feel too out of reach, while holding multiple Litcoin is highly affordable.

When that day arrives, Chua says the price per LTC could “skyrocket.” But before that happens, she claims that this spark set off by PayPal will need first to reignite renewed interest in LTC mining, once the price reaches a point where it is worthwhile again. Miner activity could also set off new developer interest, and building into Litecoin fundamentally could resume.

With activity high again, the buzz will be back, sentiment will soar, and Litecoin will shine again. “PayPal support will provide the much-needed impetus for LTC to turn around and begin on an upward trajectory,” the PrimeXBT analyst concluded.

Litecoin trading is just one of five cryptocurrency markets offered by the award-winning PrimeXBT, three of which match PayPal’s list of coins. The list includes Bitcoin, Ethereum, Litecoin, EOS, and Ripple, but the advanced trading platform also provides long and short positions on CFDs for stock indices, forex, commodities, and much more. There, traders can take advantage of the trend change in Litecoin and prepare for the upward trajectory that Chua claims could be ahead.

 

 

 

Hackers Demand $4.5 M In Bitcoin Following Ransomware Attack on Travel Management Firm

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US-based travel management company CWT paid $4.5 million worth of bitcoin in ransom to hackers this week who stole confidential corporate data, as Reuters reported yesterday (July 31). The hackers claimed to have encrypted files on 30,000 computers and uploaded 2 terabytes data from the company system.

The attack hit the business last week and it is reported that hackers used Ragnar Locker, a form of ransomware that encrypts computer files and keeps them inaccessible till the victim pays for access restoration.

Reuters said that they obtained the specifics of the negotiations between CWT representative and unidentified hackers from the publicly viewable chat room where hackers initially demanded $10 million as ransom before settling for $4.5 million. The first hint of a hack and ransom was posted on twitter by independent malware hunter @JAMESWT.

In a statement, CWT confirmed the cyberattack and said “We can confirm that after temporarily shutting down our systems as a precautionary measure, our systems are back online and the incident has now ceased’. CWT further added that U.S. law enforcement and the European data protection authorities had been immediately informed. Although the investigation is at an early stage, there is no evidence that customer’s personal and travel information has been compromised.

 Huge rise in hacking attacks

Various research indicates that both the number of ransomware attacks and the percentage of payment attacks are increasing annually. Attackers today often threaten large companies and demand massive payments. There are a lot of things that malware can do after the victim’s device has been taken over, the most common action is to encrypt some or all of the user’s data. Perhaps that’s why more ransomware victims are complying with their cyber attackers’ demands by handing out cash to decrypt encrypted data than ever before.

Twitter accounts of several famous figures, including Barack Obama, Elon Musk, Bill Gates, Jeff Bezos, were hacked on July 15, 2020. The tweeted message said that every bitcoin sent to the link in the tweet would have a doubled return. Fake tweets promised $2,000 for every $1,000 sent to Bitcoin. Although the hack was detected in hours, data from open blockchain records showed that a hacker could earn up to $120,000 in a short time frame.

Cryptocurrency Won’t Replace Cash Anytime Soon, and Here’s Why!

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The world of cryptocurrencies is wide and vast, revealing a glimpse of what future markets are going to be like. It’s really an exciting prospect, but I think we’re a long way off from seeing it become a reality. It’s hard to predict if, when, or how new technology will hit a mainstream audience.

Remember, people thought Virtual Reality, Flying Cars, Online Slots, and Fusion Reactors were going to be available in every home by 2015, but here I am in 2020, still waiting for my fusion-powered flying car with VR support. All jokes aside, I really don’t think Cryptocurrencies are going to reach a mainstream audience for a long while yet, and it all has to do with “convenience.”

What is Cryptocurrency?

In case you don’t know, Cryptocurrency is a virtual currency that is secured by what’s known as Cryptography, the science of securing digital files. This security prevents people from infinitely duplicating, double-spending, or counterfeiting their Cryptocurrency. The validity of Crypto wallets is maintained by “Blockchains.” Blockchains are lists maintained across multiple computers that keep track of who has how many coins. With each transaction, the computers in the blockchain check each other’s listings to ensure the exchange is valid, and the lists are updated across the board. It’s very clever, actually.

There are a lot of advantages to a completely digital currency that’s maintained like this. Governments can’t play games with it, and the decentralization of the blockchains provides a degree of autonomy, anonymity, and accessibility. Cryptocurrencies are limited in quantity algorithmically, and the currency is highly resistant to inflation.

In theory, you can access and use cryptocurrencies anywhere in the world, without having to convert between legal tender. By its nature, there’s no need to use a bank or credit card company to handle the transaction of your currency, because it’s all digital and secure. Transactions between two parties can be done directly.

In theory.

Why I don’t Think It’ll Hit the Mainstream… yet

In spite of all those advantages, I still don’t think that Cryptocurrencies will be replacing traditional currency anytime soon. The most significant indicator of whether or not something will reach a broad audience is its ease-of-use. We, humans, are lazy creatures that love the path of least resistance.

Just look at the difference between technology from ten, twenty years ago and now. Phones evolved from brick-sized landlines to slim, pocket-sized smartphones. Video games went from a nerdy niche to something that even politicians do in their spare time. Books became audiobooks. Cars park themselves. Technological advancement is about streamlining the ease of use so that a wider audience can take advantage of it.

For comparison, let me provide another example of a technology that’s still in its infancy and has yet to reach a broader audience: Virtual Reality.

Now, companies like Oculus and the HTC Vive are pretty successful, but they have yet to reach that mainstream audience, even in the gaming world. Did you know that VR helmets have been around since the nineties? Despite that, VR helmets have only started gaining traction in the past five or so years. They require a lot of room, the helmets themselves are bulky, the games available are limited, and the price point just isn’t low enough for the average consumer to invest in quite yet.

I see cryptocurrencies in a similar way. The ease-of-use just isn’t there yet for Joe Shmoe off the street to be interested. Paypal accomplishes a lot of the same benefits without being tied to a volatile currency. Bitcoin, the most well-known Cryptocurrency, goes for over nine-thousand dollars per coin. At the moment. That’s not exactly pocket change for Joe Shmoe. And if the price-per-coin suddenly drops, as cryptocurrencies at the moment are volatile enough to do, Joe Shmoe could end up losing thousands of dollars by doing absolutely nothing.

It all ties back to ease of use. You can’t go to the grocery store and buy some cabbages with Bitcoin. Until it becomes more convenient to use, and when it becomes safe enough for Joe Shmoe to stash his money away in an account as a cryptocurrency, maybe then it’ll become more widely accepted.

Until then, I think the average guy on the street will just see it as another intangible thing that investors and brokers magically make money off of—professional, high-brow gambling.

But who knows. Maybe I’ll be surprised when, five years from now, the Grand Mighty Mystic Poobah of Earth instates Dogecoin as Earth’s Legal Tender. You never know.

 

South African Crypto Investors Lose Millions as Former CEO Declared Bankrupt

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Willie Breedt, CEO of Vaultage Solutions, has been declared bankrupt while 2000 investors are expected to lose around R227 million, according to a News 24 report.

Vaultage solutions founded in 2018 welcomed the investment with the promise of weekly investment returns via cryptocurrency mining and trading. Breedt allegedly missed repaying investments, however, and never eventuated the development he had guaranteed to investors.

One of the biggest investors, Simon Dix of Hilton, who handed over R7.5 million to Breedt, successfully applied for a sequestration order against Breedt on Friday. The Gauteng High Court in Pretoria released a sequestration order on Friday. The sequestration order is issued by the Federal Court or the Federal Circuit Court, which decides that an individual is bankrupt. Once a sequestration order is received, the bankrupt ‘s assets are handed over to be managed by a bankruptcy trustee appointee.

Willie Breedt is also accused of going on the run after a few angry investors went on a manhunt, allegedly led by a colonel in the South African National Defense Force. The aim of the manhunt was to find Breedt and possibly recover some of the funds from him for ‘debt collectors.’ But Breedit had opened a case of intimidation with police in Jeffreys Bay before going on the run.

Investigators managed to find Breedt at a guesthouse in Pretoria and soon after the court issued Dix the sequestration order, the court sheriff accompanied by officers, raided the house where Breedt had been hiding, according to News 24’s report.

Numerous electronic devices have been seized on the raid, including a laptop and Ledger Nano hardware wallet, with police hoping to find details on where the bitcoin, as well as other currencies, could be hidden.

How to Trade Bitcoin – A Simple Guide for Beginners

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Bitcoin, introduced in 2009, was the first of a new genre of asset called cryptocurrency, a decentralized form of digital currency that eliminates the need for financial transactions by conventional banks and other financial institutions and governments. Bitcoin has grown rapidly and spread far and wide in a relatively short time and is popular all over the world. Often known as “Digital Gold,” a properly stored bitcoin can not be stolen, hacked, or seized either by government.

Bitcoin trading is an act of buying low and selling high. When you trade bitcoin CFDs, you never interact directly with an exchange.

The same way that traditional exchange works, bitcoin exchange takes place. There are no third parties involved in the transaction of bitcoins. Only the sender and receiver will be involved in the transaction process.

If you’re dealing with a bitcoin transaction, there are a lot of advantages for you. There is no transaction fee, and even you don’t have to deal with bank procedures as it takes a lot of time. This is an instant process, and it’s completely safe and secure.

If you want to take a position on the price of bitcoin, you need an IG trading account. On the other hand, if you want to get passive income in a very short time, you can invest in bitcoin.  You can also invest in the trade cfds for profit if you want to get profit instantly.

How to Trade Bitcoin – Know in Detail?

Bitcoin trading is very popular, and there are a number of ways you can trade cryptocurrencies and bitcoin. The profit will depend entirely on you, that is, how much time you can give to trading and how much investment you can make.

Basically, there are four ways of trading bitcoin ad they are listed below. Have a look,

  • Passive Trading:

Passive trading can be the best option for you if you’re interested in entering the cryptocurrency market and you’re a long-term holder.

On the other hand, this process will not take a lot of time. This method is both timeless and straightforward. You need to wait for the price to go up to a certain level, and then you can start selling it. Also, wait for the price to come down and then you can buy-in. It’s the process of dealing with passive trading.

  • Scalping:

It does various intraday trades on smaller market movements. You have to wait for a major opportunity if you’re the kind of trader that would offer many benefits to various small ones.

The cycle of buying and selling is the one involved in this trade. Scalping is one of the most common types of bitcoin trading.

  • Swing Trading:

If you want to take advantage of the market momentum, swing trading is the ideal option for you. They keep trends in price actions until the trend experiences a reversal.

If you have market experience and that trade strategy is an ideal option for you.

  • Day Trading:

Day trading strategies are for those traders who wanted to obtain the advantage of short-term opportunities in the bitcoins market.

This comes in the light of new trends emerging and news developing.   Day traders will open and close their place within a single trading day.

Reasons to Trade Bitcoins

 Yes, there are several reasons that make bitcoin both unique and exciting and there is a huge profit in it. Therefore, here are the reasons to trade bitcoins,

  • Bitcoin is volatile. This volatility help trader to make a quick and easy buck.
  • Bitcoin is open 24/7 which means you can trade bitcoin anytime you want.
  • Bitcoin is not fiat. It is not under the control of the single government.

The Final Thoughts

 The above factors are the best ones that will help you to trade bitcoins in a much easier way. You must learn the process in detail that is mentioned above.

Read the above instructions carefully and all the four trading strategies if you want to trade bitcoins in a much easier way.

 

 

 

 

SEC Obtains Assets Freeze Against Crypto Mining for Defrauding Millions from Investors

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The United States Securities and Exchange Commission (SEC) reported on Friday, June 5, 2020, that it has secured an asset freeze and other emergency relief against Daniel F. Putnam, Jean Paul Ramirez Rico, and Angel A. Rodriguez, who reportedly deceived investors in two cryptocurrency-related schemes over $12million. Millions were raised by running a multi-level marketing business known as the “Modern Money Team” operated from July 2017 to November of last year.

According to the complaint of the SEC, unsealed at the federal court in Salt Lake City, Putnam invested in crypto-mining equipment until at least July 2017 and subsequently turning to offer investors ‘crypto-currency trading packages.’ Nearly 200 investors joined Putnam’s mining scheme which was promised huge profits through cryptocurrencies mining on “Modern Money Team” operated mining hardware.

Putnam started the Modern Money Team (MMT) and started offering investments in the “crowd-funding of a powerful cryptocurrency mining operation.” MMT’s sought-after investors were able to buy mining machines, operate them in MMT ‘s facilities, and gain money each month from the successful mining of cryptocurrencies through the mining operation.

Investors who wanted to buy actual mining machines were advised that their machines would be placed and controlled remotely at Putnam’s selected locations and that Putnam or those he employed would monitor all mining activitiesPutnam earned around $3.25 million to nearly two hundred investors through the selling of mining machines and the involvement in the mining activity.

After the mining investment program was no longer economically viable, Putnam began offering investors the option to buy “cryptocurrency trading packages” through MMT. Ramirez managed the crypto investments, Rodriguez was the intermediary, and MMT was run by Putnam, a multi-level marketing professional. The   Investors were further informed that their funds would be kept in Bitfinex3 trading accounts controlled by Ramirez, who will be responsible for trading.

Back investor offices reported weekly earnings until November 2019, and investors were able to make regular withdrawals from their accounts. However, in November 2019, the MMT stopped making the proposed profit payments to investors, and the trading activity was halted.

The SEC also claimed that in November 2019, MMT stopped paying investors but managed to collect funds until 9 March 2020. Defendants also misappropriated investor funds for personal use and made similar payments to Ponzi Schemes to former investors. According to the complaint, the defendants carried out these fraudulent schemes through two Utah companies owned by Putnam, MMT Distributions, LLC, and R&D Global, LLC.

 

Bitcoin Shed 9% of its Value- It ‘s a Perfect Time to Invest

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Monday was an exciting day for the crypto-world as bitcoin ultimately broke the $10,000 psychological resistance. Just as people were speculating whether this was a start of a $20,000 ride, the market unexpectedly placed a damper on them-the price of bitcoin fell more than $800 in five minutes, dragging many cryptocurrencies to the red.

While the sudden plump was just another volatile episode of bitcoin, it was the umpteenth time such a huge fluctuation occurred on the market, so naturally, it creates some doubts for bitcoin enthusiasts as to whether bitcoin will see a significant increase in the near future, and how long it will be.

 

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We often say that the bitcoin market is a rollercoaster ride, but in the last few months, it seems more like a combination of a rollercoaster ride and a merry-go-round that keeps hovering around $9,000 and $10,000. sNow, for spot traders and hodlers, it seems like a really lackluster moment.

So, is it still wise to invest in bitcoin right now? Is there anything we can do in addition to waiting for the price to rise?

Compare with spot trading, leveraged trading is tailored made for volatile markets. Here are some advantages of leveraged comparing with spot trading:

  • Generate Profits on Both the Ups and Downs of the Market

Leveraged trading is more flexible than spot trading. In leveraged trading, you can make profits by speculating the price movement of bitcoin, instead of waiting for the price to increase. You can earn as much as bitcoins even in the bull market. 

  • High Liquidity

While spot trading requires you to prepare a large sum of money, leveraged trading enables you to “borrow” money from the exchanges, so the pressure on your cash flow is much lower. Besides, in spot trading or hodling, it might take days or even months for the market to gather pace and generate profits for you. But with leveraged trading, every small fluctuation is an opportunity to earn money. 

To illustrate, with the 100x leverage provided by Bexplus, you can open a position 100 times bigger than your initial capital. Let’s assume you open a short position 2 days ago with 1 BTC when bitcoin was changing hands at $10,000. With 100x leveraged, your position will worth 100 BTC. Now, the price of bitcoin nosedived to $9,500 in just a few hours. Your profit would be: ($10,000 – $9,500) * 100 BTC / $9,500 = 5.26 BTC. Your ROI would be 5.26 / 1 *100% = 526%. 

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Bexplus – The Go-to Futures Exchange for Beginners and Veterans

Headquartered in Hong Kong and established in 2017, Bexplus is a leading crypto derivatives platform offering 100x leverage in BTC, ETH, EOS, LTC, and XRP futures contracts. 

No spread, no KYC requirements, no deposit fee, Bexplus is trusted by traders worldwide, including USA, Japan, Iran, Singapore, and Sudan. 

Highlighted Features of Bexplus Exchange

  • Intuitive Interface

The user-friendly trading interface caters to the needs of both beginners and veterans. All the necessary data are clearly listed on the right side. For advanced traders, powerful tool-kit can help them better analyze the market. 

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  • Learn to Trade with 10 Free BTC

Upon registration, which takes only about 1 minute, traders will get a real account and a demo account. Even if you’re a beginner, you can still make profits like other veterans! There are 10 replenishable BTCs in the demo account for traders to practice as much as they like. You can also learn how to analyze the market and use the demo account toolkit.

  • Stop-loss and Take-profit

Bitcoin trading has its own risk. Since it is traded around the clock, it’s impossible for us to watch the market all the time. Bexplus’ stop-loss and take-profit options help traders better manage their positions and protect them from huge price swings. 

  • No Deposit Fee, Easy to Convert Your Funds

Bexplus supports Bitcoin, ETH, and 11 other cryptocurrency deposits, as well as USD, EUR, and GBP deposits. With one Visa Card, you can start your journey of accumulating bitcoin. 

  • Best Ranking Mobile Apps

Bexplus mobile app rank in the Top 5 of keyword search results related to bitcoin trading in 56 countries in App Annie. This full-featured app provides you with the same experience when using a computer, only far more convenient. 

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You can check the market, enter or close a trade, or deposit your funds in the interest-bearing wallet wherever you like. Bexplus mobile app has a 24/7 market notification to keep you updated with any huge market movement.  

All data and assets can be accessed through all kinds of devices including Windows, Macbook, Android phones, iPhones, and tablets. Bexplus app is available on Apple App Store and Google Play.

To boost the confidence of bitcoin traders, Bexplus now provides up to 10 BTC deposit bonus to users. Users can get a 100% deposit bonus for every deposit on Bexplus, and the profits gained with the bonus are withdrawable. Furthermore, active users can get 10% off of their transaction fee. You might miss the opportunity to buy bitcoin when it was trading at double-digit, but you still can catch this opportunity to earn handsome money on Bexplus!

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Find out more about Bexplus:

Website: https://www.bexplus.com/ Telegram: https://t.me/bexplusexchange
Apple App Store: https://itunes.apple.com/app/id1442189260?mt=8
Google Play: https://play.google.com/store/apps/details?id=com.lingxi.bexplus

7 Things to Review When Researching Cryptocurrency

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Cryptocurrency is so “today”-nearly everyone on-line is accepting payment in cryptocurrencies these days. Mobile jackpot casinos, too! And it’s important that we all know as much about dealing with cryptocurrencies as we can.

Most investors are focusing on cryptocurrencies as a potential inflation hedge. However, most investors do not really appreciate Bitcoin or any of the other cryptocurrencies. As the world economy fluctuates, don’t dive into cryptocurrency investment as a strategy to protect your assets. In order to achieve the best results, you need to understand how cryptocurrencies work before you invest, so you’ll be confident that these investments will meet your individual needs.

About Cryptocurrencies

Bitcoin was the world’s first cryptocurrency, a form of digital currency. It was invented in 2009 by an anonymous founder, using a pseudonym — Satoshi Nakamoto. There are numerous cryptocurrencies in the world today. None of these cryptos are managed by any public agency or bank. Instead, transactions are facilitated by using digital tokens that are recorded on a  blockchain. The blockchain consists of digital information stored in a database.

Michael Anderson, co-founder of Framework Ventures, compares investments in cryptocurrencies to traditional investments. “Tokens or coins used in a decentralized network are not the same as shares in a company,” says Anderson. |As such, growing and proliferating these networks requires new models for success, and we’re still in the first inning of proving them out.”

Some things you need to be aware of when investing in cryptocurrency include:

Multiple Cryptocurrency 

There are now more than two dozen cryptocurrencies. They include Bitcoin, the first cryptocurrency, and others such as Nano, ZCash, Monero, Litecoin, Peercoin, Nxt, NST, Ripple, Gridcoin, Ethereum, IOTA, Aurora Coin, Mazacoin, Verge and others. Bitcoin has always been the most valuable cryptocurrency in the world. Investors should not be swayed by bitcoin’s position as a market leader because there are others who offer investment opportunities that are just as good as bitcoin.

Don’t be swayed by bitcoin’s position as a market leader – do your research before deciding on your preferred investment cryptocurrency.

Risky

Investing in cryptocurrencies is not for the faint-hearted. This is a speculative form of investment. Anderson adds: “Like most start-up companies, most crypto assets will fail and therefore become worthless. Non-professional investors should only invest the amount they ‘re willing to lose.”

In addition, it is important to get your investment portfolio started at an opportune moment. If you invest in the wrong time, you can experience rapid and extreme losses. (Of course, if you invest at the right time, your portfolio can grow by leaps and bounds). In May 2017, one bitcoin unit (BTC) traded for approximately $1,500 and by December 2017 the bitcoin value was $19,800. In November 2018, bitcoin was valued below $4,000.Obviously, the market was volatile.

Of particular concern to many is the fact that the value of cryptocurrency pricing can be said to be driven by emotion.  When cryptocurrency is experiencing high usage and is incorporated into multiple industries, the price rate increases. You need the experience to be able to judge which cryptocurrencies and how many of them are going to be profitable for you.

Owning Cryptos

If you look at cryptocurrency investments as being similar to other investments, it’s easy to assume that to get into the cryptocurrency market, you simply buy coins, hold on to them for a while, and then sell them for profit in the future.

This is what many investors are doing, but there are other options. You can invest in cryptocurrency using CFDs for cryptocurrency. A CFD is a “Contract for Difference” which is essentially a contract that predicts an upward or downward shift in the value of the coin (or the percentage of the coin).

So the owner doesn’t really own the commodity – instead, he puts money on a value-assessment that decreases or increases it. The advantage of this system is that it is possible to profit from both losses and gains. In addition, trading may take place at any time of the day, on any day of the week.

Uncertainty

No investment is totally guaranteed but investments in cryptocurrencies are less certain than many others. Robert Johnson, Some financial advisors believe that the entire cryptocurrency exchange market is a bubble while others believe that the future market balances it. One thing that everyone agrees on is that the cryptocurrency network brings new offers for investors as new cryptos come onto the market all the time.

Decentralized

One of the things that is most appealing to many people about cryptocurrencies is also the most worrying. The technology of the blockchain is decentralized. The ledger that controls transactions between cryptocurrencies has no centralized oversight if a private key is lost or if one of the crypto central computers is hacked, the entire cryptocurrency can collapse. You need a strong password that hackers can’t easily hijack and store your private key, but nothing is foolproof.

Tax Authorities

Different countries’ tax authorities have differing views of cryptocurrencies but many follow the lead of the American Internal Revenue Service which has decided that it will not consider crypto a valid currency. That causes concern for many.

New Options

If you’re interested in investing in cryptocurrency, keep in mind that there are more options coming – new altcoins, digital currencies from some government-backed banks and stablecoins (cryptos that are backed by more conventional fiat currency assets). It’s important to keep searching and researching in order to get the most out of your investments.