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Best trading strategies in 2021 on Bityard

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There’s a famous adage that goes like “strategy is better than strength “. These words couldn’t be truer as far as trading is concerned. Discovering what strategy works and doesn’t work could be the best thing that ever happened to any trader. It is little wonder why a platform like Bityard would offer a user a demo account to experiment with different strategies in order to settle for a strategy that works. The number of strategies that can be used to execute trades are as countless as the number of traders in the w itorld. However, executing profitable trades requires one to have a successful strategy. A trading strategy is like a roadmap that is meant to guide a trader on his path to profits. It is highly recommended that a trader take his time to build a meaningful trading strategy. A demo account on Bityard would give a trader sufficient opportunity to devise a good and workable strategy.

This article will briefly highlight 3 of the easiest trading strategies that a trader could use on their trading journey. It is important to note that a trader can modify the strategies in a way that best suits his situation and objectives.

Fundamental analysis

This is one of the most important strategies that a trader can use to make successful trades. Although this strategy has its origins in stock trading, it is equally useful in the trade of cryptocurrencies. In fundamental analysis, what is involved is the critical analysis of the particular asset. It can range from considering the team behind the asset, use case of the asset, partnerships, and any other information that may negatively or positively influence the price of an asset. This information is critical in determining the market conditions of the asset, so knowing this information will give the trader a good idea about which direction the markets will go. 

Basically, the essence of fundamental analysis is to follow all news and announcements about an asset in order to understand the asset, as well as understand the fundamentals influencing its price in the market.

Dollar Cost Averaging (DCA)

Dollar Cost Averaging is probably the simplest, yet most effective trading strategies. Dollar Cost Averaging is the practice of making regular purchases of an asset over time. This strategy will consolidate the gains achieved when market conditions are good and offset the losses incurred when market conditions are unfavorable. This strategy is most effective for trading cryptocurrencies due to the nature of crypto assets. Cryptocurrencies are highly and deflationary by nature, so they will experience a lot of price swings as they increase in value with time. consider this hypothetical example of two traders on Bityard: one makes a lump sum investment of $1000, while the other one makes a monthly investment of $100. At the end of the year, the trader buying every month would have bought some coins at the lowest lows which would significantly improve his Return on Investment (ROI).

C:\Users\HP USER\Desktop\Dollar Cost Averaging.png

Dollar Cost Averaging is very simple, yet effective

Leverage trading

Bityard enables leverage trading on different assets up to 200X. Although leverage trading is a risky strategy, it is equally a strategy that could result in very lucrative gains for experienced traders. In leverage trading, a trader is able to trade a larger position with borrowed money from the exchange (Bityard). For example, if the trader believes that the price of a coin will go up, he can leverage a position by putting up some funds as collateral, while Bityard provides the remaining funds depending on the size of the leverage. Upon exiting the trade, the trader must pay back the borrowed funds to the exchange (Bityard).

Conclusion

The strategies for trading are not cast in stone. A trader is free to choose what works for him. Most importantly, every trader must be aware that trading is a risky endeavor, hence the risk must be managed appropriately to prevent losses. One of the ways to manage risk is to use the demo account feature on Bityard until a trader is confident in their particular choice of trading strategy.

Bitcoin Plunge to $50,000: Factors responsible and what to expect in coming weeks.

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The past 3 weeks for Cryptocurrency traders and investors have been a roller coaster Ride, with the carriage on a continuous descent and hearts threatening to leap out of chests.

Last week saw Bitcoin traded for as low as $50,500 on cryptocurrency-exchange Bityard, this price follows a continuous dip in the price of Bitcoin from an all-time high of $61,000, this is a 17% drop in value.

This price dip wasn't expected and was as a result of certain external factors whose cumulated effect led to the drop

Factors Responsible

• The first significant price slippage occurred on the 15th March after the Indian Government announced a plan to ban/regulate cryptocurrency in the country. This resulted in a selling frenzy, with many cryptocurrency investors and traders in India rushing to convert their Bitcoin to cash, wish resulted in a selling cascade involving investors from different countries. This dropped the price of Bitcoin from

$60,000 to about $53,000.

• It staggered back up to $58,000 only to suffer another drop to $55,000 on the 22nd of March after being lauded by American Federal reserve chairman Fed Powell Chair, where he said Bitcoin was too volatile and wasn’t a replacement for the dollar. This was followed by a significant improvement to about $57,200, after Tesla CEO Elon Musk tweeted

Tesla products could now be officially purchased with Bitcoin.

• But that wasn’t the end, this was followed by a drop to about $51,000, which was caused by a huge amount of sell orders liquidated on cryptocurrency-exchange Bitmex triggering massive sell-offs that took the price of BTC to as low as $50,300.

The price of Bitcoin has since bounced back as Bitcoin now trades for $57,000 on world leading cryptocurrency-exchange Bityard.

What to Expect in the Coming week?

The recent dip, posed an important test Bitcoin had to take, the testing of the 50,000 mark which previously was a crucial psychological resistance, turned support. The price movement which held firm at the $50,000 mark, despite the constant incursions, shows a strong support and one can expect Bitcoin to hold above $50,000.

This is expected to inspire more confidence in long term investments on Bitcoin and stimulate more buy orders. This will invariably lead to an increase in the price of Bitcoin.

Based on technical analysis:

Technical analysis shows a potential continuous bullish trend to the upside. As shown on the chart above, the support levels at 50k holds strong and has not been broken, although price ejected on touching the 50k support zone, we are still expecting price to revisit this area before moving strongly to the upside. To buy Bitcoin, we recommend world leading cryptocurrency exchange Bityard.

BITYARD

A secure and well-regulated exchange, with a simple platform designed with beginners in mind. All you need do is register, deposit funds, click on the spot trading page and buy whatever amount of cryptocurrency you want. And then hold till you decide you’ve made enough returns.

Another investment option is the Copy trade option available on Bityard. This trading option allows users make money from following expert traders, who contract trade digital assets. In this option investors can make profit from either direction of the market (when prices go up or when they come down).

Bityard offers the best prices on the market for any digital asset and has additional features which include a free daily mining option for users that allows you to get free tokens daily, when you mine them on the exchange’s app.

To register on Bityard and trade Ethereum or Bitcoin click here.

LiquidApps’s Bifrost Bridge Makes EOS the First Decentralized Chain to Integrate USDC

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Decentralized finance [DeFi] has garnered impeccable traction over the last couple of months. LiquidApps, a platform focused on optimizing decentralized development seemed to be aiding the growth of the DeFi market.

While the DeFi space has managed to lure in an array of individuals, it still suffers from siloed blockchains. However, LiquidApps seems to be on a mission to change this by building cross-chain bridges. With this decentralized development solution provider, EOS is all set to become the first truly decentralized chain to integrate USDC.

LiquidApps To Boost The DeFi Space With Its Cross-Chain Bridge

LiquidApps created an uproar in the crypto market with the launch of a cross-chain medium that allows users to transfer tokens or data to different blockchains without any hassle. Now, the platform is making use of the Bifrost bridge, developed by the community-led DAPP Account DAO (DAD), to allow the free flow of USDC or DAI to be bi-directionally transferred between Ethereum and EOS.

The aforementioned community, DAD has also rolled out eCurve, an EOS clone of the decentralized exchange Curve, that has witnessed over $1 million of DAI/USDC liquidity cross over it from Ethereum. eCurve stands out as the network carries out feeless transactions while being time-efficient. However, the transactions on Ethereum’s Curve cost anywhere between $1-200 each and take up to 10-15 minutes.

More recently, EOS lost one of its major DeFi projects to the Binance Smart Chain. This bridge could pose as a savior for the network in broadening and establishing ground in the DeFi space. This can be viewed as a proof of concept employing EOS.

Additionally, the DAD bridge can also pave the way for arbitrage across chains. A total of three stablecoins including, wrapped DAI, wrapped USDC, and EOS USDT are a part of the eCurve’s three-coin swap pool. The possibility of ETH users swapping their USDC or DAI to any stablecoin to a stablecoin with the highest ratio in the pool stands even if the equal one-thirds model falls out of equilibrium.

Elaborating on the emergence of the DeFi space and cross-chain bridges, Raman Bindlish, the founder of Blockstart, a prominent DSP on the DAPP network, stated,

“These are exciting times for us as developers of the technology as years of hard work from multiple teams coming to fruition. We are seeing the vision of multi-chain DeFi materialize and it can really enable the solutions that can scale to the same level as traditional finance.”

The progression of the DeFi space is inevitable. With several platforms making their way into the DeFi space, the existing ones are forced to keep up with the needs of their users and LiquidApps seems to be heading in the same direction. 

LiquidApps Employs Bifrost Bridge To Bolster The Presence Of EOS In The DeFi Space

by

Decentralized finance [DeFi] has garnered impeccable traction over the last couple of months. LiquidApps, a platform focused on optimizing decentralized development seemed to be aiding the growth of the DeFi market.

While the DeFi space has managed to lure in an array of individuals, it still suffers from siloed blockchains. However, LiquidApps seems to be on a mission to change this by building cross-chain bridges. With this decentralized development solution provider, EOS is all set to become the “first truly decentralized chain to integrate USDC.”

LiquidApps To Boost The DeFi Space With Its Cross-Chain Bridge

LiquidApps created an uproar in the crypto market with the launch of a cross-chain medium that allows users to transfer tokens or data to different blockchains without any hassle. Now, the platform is making use of the Bifrost bridge, developed the community-led DAPP Account DAO (DAD), to allow the free flow of USDC or DAI to be bi-directionally transferred between Ethereum and EOS.

The aforementioned community, DAD has also rolled out eCurve, an EOS clone of the decentralized exchange Curve, that has witnessed over $1 million of DAI/USDC liquidity cross over it from Ethereum. eCurve stands out as the network carries out feeless transactions while being time-efficient. However, the transactions on Ethereum’s Curve cost anywhere between $1-200 each and take up to 10-15 minutes.

More recently, EOS lost one of its major DeFi projects to the Binance Smart Chain. This bridge could pose as a savior for the network in broadening and establishing ground in the DeFi space. This can be viewed as a proof of concept employing EOS.

Additionally, the DAD bridge can also pave the way for arbitrage across chains. A total of three stablecoins including, wrapped DAI, wrapped USDC, and EOS USDT are a part of the eCurve’s three-coin swap pool. The possibility of ETH users swapping their USDC or DAI to any stablecoin to a stablecoin with the highest ratio in the pool stands even though one-thirds model fall out of equilibrium.

Elaborating on the emergence of the DeFi space and cross-chain bridges, Raman Bindlish, the founder of Blockstart a prominent DSP on the DAPP network stated,

“These are exciting times for us as developers of the technology as years of hard work from multiple teams coming to fruition. We are seeing the vision of multi-chain DeFi materialize and it can really enable the solutions that can scale to the same level as traditional finance.”

The progression of the DeFi space is inevitable. With several platforms making their way into the DeFi space, the existing ones are forced to keep up with the needs of their users and LiquidApps seems to be heading in the same direction.

Bitcoin Plunge to $50,000: Factors responsible & What to expect in coming weeks

by

The past 3 weeks for Cryptocurrency traders and investors have been a roller coaster Ride, with the carriage on a continuous descent and hearts threatening to leap out of chests. 

Last week saw Bitcoin traded for as low as $50,500 on cryptocurrency-exchange Bityard, this price follows a continuous dip in the price of Bitcoin from an all-time high of $61,000, this is a 17% drop in value. 

This price dip wasn’t expected and was as a result of certain external factors whose cumulated effect led to the drop

Factors Responsible

• The first significant price slippage occurred on the 15th March after the Indian Government announced a plan to ban/regulate cryptocurrency in the country. This resulted in a selling frenzy, with many Cryptocurrency investors and traders in India rushing to convert their Bitcoin to cash, wish resulted in a selling cascade involving investors from different countries. This dropped the price of Bitcoin from $60,000 to about $53,000.

• It staggered back up to $58,000 only to suffer another drop to $55,000 on the 22nd of March after being lauded by American Federal reserve chairman Fed Powell Chair, where he said Bitcoin was too volatile and wasn’t a replacement for the dollar.

This was followed by a significant improvement to about $57,200, after Tesla CEO Elon Musk tweeted Tesla products could now be officially purchased with Bitcoin.

• But that wasn’t the end, this was followed by a drop to about $51,000, which was caused by a huge amount of sell orders liquidated on cryptocurrency-exchange Bitmex triggering massive sell-offs that took the price of BTC to as low as $50,300. 

The price of Bitcoin has since bounced back as Bitcoin now trades for $57,000 on world leading Cryptocurrency-exchange Bityard. 

What to Expect in the Coming week?

The recent dip, posed an important test Bitcoin had to take, the testing of the 50,000 mark which previously was a crucial psychological resistance, turned support. The price movement which held firm at the  $50,000 mark, despite the constant incursions, shows a strong support and one can expect Bitcoin to hold above $50,000

This is expected to inspire more confidence in long-term investments in Bitcoin and stimulate more buy orders. This will invariably lead to an increase in the price of Bitcoin.u0H1mOSN3u7wOTnyot8J50Hz7b74e KZgKIro0 vSy4M5hlIjlxDUPz ejxTxYT8IiP1loA K7kdnUGnw8aV6SR9gIegQq9PCvZ80eCGB eGu2WlO09mAjNKjTRCTdqSJwvsTja6tPah7Ug6Jw

Based on technical analysis:

Technical analysis shows a potential continuous bullish trend to the upside. As shown on the Chart above, the support levels at 50k holds strong and has not been broken, although price ejected on touching the 50k support zone, we are still expecting price to revisit this area before moving strongly to the upside

To buy Bitcoin, we recommend world leading cryptocurrency exchange Bityard.

BITYARD

A secure and well-regulated exchange, with a simple platform designed with beginners in mind.

All you need do is register, deposit funds, click on the spot trading page and buy whatever amount of Cryptocurrency you want. And then hold till you decide you’ve made enough returns.

Another investment option is the Copy trade option available on Bityard. This trading option allows users make money from following expert traders, who contract trade digital assets. In this option investors can make profit from either direction of the market (when prices go up or when they come down).

Bityard offers the best prices on the market for any digital asset and has additional features which include a free daily mining option for users that allows you to get free tokens daily, when you mine them on the exchange’s app.

To register on Bityard and trade Ethereum or Bitcoin click on this linkc

Bitcoin Is No Longer Considered an Ephemeral Investment Option

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The performance of Bitcoin over the last few months has given investors many reasons to be happy about. In less than four months, BTC went from being worth less than £10,000 to being worth over £40,000, and it does not seem like this upward momentum is going to stop any time soon. The interesting thing about Bitcoin’s performance is that its value increased during a period when everything else in the world of finance struggled to keep up with all the negative global economic developments.

The incredible performance of Bitcoin has naturally driven the market to an on-going phase of “cryptomania”, as investors use their funds to buy BTC and other cryptocurrencies, even if their values are no longer a bargain. The big difference between this period and the “pre-bubble” period is that this time, the investors backing cryptocurrencies are considered trustworthy and business-savvy. The most popular example is Elon Musk, a person with a lot of influence in the world of business and, of course, a person who can affect the opinions of average investors through his public statements and globally communicated investments.

If you are among the lucky ones who kept believing in Bitcoin’s potential, then you are probably in a position to sit back and to enjoy popular games of chance, such as the Who Wants to Be a Millionaire slot online at mansioncasino.com/uk. After all, the £40K value of every Bitcoin, gives BTC holders the ability to make the choices they want both in terms of having fun as well as in terms of reinvesting their profits in other financial assets showing potential for future growth. You can trade your Bitcoin and get a lot of cash, you can trade it and buy hundreds of stocks and commodities, or you can use it by investing in real estate properties.

Crypto

There are, of course, many who worry that Bitcoin and other traditional investment assets may be at risk because of the inflation that is expected to hit the economy the moment the transactional activities go back to normal. On the other hand, it is almost impossible to predict what the new normal will be like. The global economy has taken heavy hits repeatedly, and it has always found ways to come back stronger, offering unique investment opportunities and incorporating new financial assets.

What Is the Best Choice for the Average Investor?

It is no secret that the financial market comes with a lot of profit opportunities, but at the same time, it is important to remember that every investment comes with risks. Investing in Bitcoin right now might be a pricy choice for the average pocket. Many traders would not risk putting their money on an asset that is worth this much, even if BTC has the potential to go from £40K to £100K in less than six months. If you want to invest in cryptocurrencies, then it might worth considering investing your money in one of the other cryptos one can find in the financial market. Buying one of the other established crypto-coins like Ethereum and Ripple will require a much smaller investment amount. Additionally, there is nothing saying that their price cannot reach the price of Bitcoin if the assets are given enough time to mature. 


Bityard Margin Trading: An Ultimate Guide

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In this article, we will be talking about margin trading on the Bityard exchange. We will tell you about various features and guide you with detailed steps for margin trading at Bityard.

Summary 

  • You can use Bityard‘s margin trading services both in commodity derivatives and crypto-assets.
  • By trading in the derivatives market, you invest in an underlying commodity with rights to exchange it at a fixed price in the future.
  • At Bityard, you get maximum leverage of 125x on crypto and 200x on derivatives.
  • Bityard offers many features such as Floating P&L, SL ratio, TP ratio, Leverage slider, etc.
  • You can easily customize the margin trading window at Bityard.
  • Bityard charges you with no interest but a high fee on margin trading.

What is margin trading?

Margin trading allows you to trade with borrowed funds and with your initial capital as collateral. This way, you can increase your investment with a smaller capital and increase your returns. The exchange usually charges you interest or an overall trading fee for the borrowed funds.

Margin trading at Bityard

Bityard offers isolated margin trading with a customizable easy to use interface.

At Bityard, you do not need to complete your KYC or activate your margin trading account to start trading on margin. All you need to do is create an account and deposit funds to your Bityard wallet.

Bityard Margin TradingBityard Margin Trading

What is derivatives margin trading?

Derivatives represent assets such as crude oil, gold, silver, copper, etc., and you can trade on any of these. While buying commodity derivatives, you buy the rights without actually possessing the commodity. 

The seller gives you the commodity’s ownership to exchange it in the future at a specific price. You then try and earn a profit based on the spot price of the commodity.

There are 11 commodities available at Bityard for margin trading. Since derivatives are not as volatile as cryptocurrencies, you get a higher maximum investment level of 40,000 USDT for crude oil.

Bityard DerivativesBityard Derivatives

What is crypto margin trading?

The second option for margin trading would be cryptocurrency. Bityard offers margin trading in 13 crypto assets and a maximum margin of 20,000 USDT for BTC as of March 2021. There are different upper and lower limits for other crypto assets.

Leverage in Crypto and Derivatives

Leverage determines the loan you will be receiving from Bityard. Suppose you choose a leverage of 10x with an initial capital of 1USDT. Then the platform will lend you 9 USDT, making it ten times your capital.

Leverage on BityardLeverage on Bityard

You get maximum leverage of 125x on crypto assets. However, Bityard offers maximum leverage of 200x on derivatives.

Bityard offers isolated margin trading

Bityard only offers isolated margin trading, which beginners usually prefer. Isolated margin trading helps you prevent liquidations and hence from losing all your funds in a market fall. To understand isolated margin trading, let’s have a look at an example.

How does isolated margin trading work?

Let’s assume you have 10 USDT in your Bityard wallet. Now you open a position worth 5 USDT in the BTC market with a leverage of 50x. Suppose the value of BTC dropped by 3%, and your funds are about to liquidize.

Now, you can either deposit more funds or let your capital liquidize. Even if your funds liquidize, you don’t lose any more than your initial capital for that particular position, which is not the case with cross-margin trading.

Margin trading at Bityard: Definitions

Bityard has a series of features and options on its margin trading window. Here we will try to explain to you all of these features one by one:

Balance

The balance represents your total account balance. When you open a position, your balance does not include your capital for that position.

Margin

The margin shows the total amount you’ve used as the capital until you close a position.

MarginMargin

Floating P&L

Floating P&L shows the combined value of return from all of your open positions. It can be zero, positive, or negative, showing no returns, profit, or loss.

Limit Order

Limit allows you to place orders beforehand, which execute when the market meets your order requirements. You can even change your order if you find a better opportunity in the market.

Limit Order BityardLimit Order – Bityard

Market Order

When you place a market order, all your positions open and close in real-time. You can only close the position after opening it and cannot alter the order details once you successfully open a position.

Difference between live and demo platform

Bityard offers a demo trading platform, which helps beginners to learn margin trading without risking their real assets. Using the demo tab, you can open and close positions without any capital. On the other hand, going live means trading with real capital as collateral and hoping for a return.

Bityard Demo PlatformBityard Demo Platform

Leverage slider

It is a slider on the right side of your margin trading window. The leverage slider allows you to adjust your leverage anywhere between its limits. However, you can also directly enter a value of leverage you desire in the box below.

Leverage sliderLeverage slider

TP ratio

You will find this option on the right side of your trading window. TP ratio allows you to know the closing value of a position with your desired return. You can either enter a % or the return you expect from a particular position.

Bityard TP ratioBityard TP ratio

SL ratio

You can click on the SL ratio from the right side of the Bityard margin trading window. The SL ratio tells you the exact value of your open position. You can close the position at that value to not incur any losses after a limit of your choice.

BItyard SL ratioBityard SL ratio

Equity

On the Bityard mobile app, by clicking on position, you will see a term called equity. Equity combines your balance, margin, and Floating P&L to tell your real-time account balance.

How to go long on Bityard?

Going long means opening a position that predicts a rise in the asset’s value. You can open a position by clicking on the Buy/ Long/ green button on the screen’s right side.

Bityard - Long BitcoinBityard – Long Bitcoin

How to go short on Bityard?

Short selling means opening a position that predicts a fall in asset value. By going short, you sell the lender’s asset at a higher price. And then, when the price lowers, you repurchase it and return it to the lender.

Since it a complex process, hence Bityard keeps you away from it and allows you an easy option to go short. You can open a short position by just clicking on the Sell/ Short/ red button on the screen’s right side.

Customize layout at the Bityard margin trading window?

Bityard allows you to customize your layout. You can click on the ‘Layout’ button at the top right corner of the graph, or you can hold and drag the particular tabs at your preferred location.

How to start with margin trading at Bityard?

For your ease, we thought of providing you with a detailed step-by-step guide for margin trading at Bityard. You can follow these steps for both derivatives as well as for cryptocurrencies.

Step 1: Sign up

To begin with margin trading, you must have an account at Bityard, and you can follow these steps to create one:

  • Visit Bityard’s official website and click on sign-up.
  • Now enter your email and password.
  • On the next window, verify your email by entering the code sent on your email.
  • It is not mandatory to complete your KYC. However, if you wish to do so, follow the below steps.
  • After logging in, go to your profile tab and click on Real name verification.
  • Now enter your passport or government-approved ID details.
  • Now upload pictures in JPEG or PNG format and wait for Bityard to complete the audit process.

Bityard KYCBityard KYC

Step 2: Deposit funds

To begin with, in any type of trading, you need to deposit funds. Bityard does not accept FIAT.; hence you need to buy the accepted currency from your local exchange and then deposit them in your Bityard wallet.

You can follow these steps to deposit funds at Bityard:

  • Hover on assets in the header and click on deposit.
  • Now choose an asset to make a deposit.
  • Read the terms of deposit carefully.
  • You can then either scan the QR code or copy the wallet address.
  • Remember only to send a particular asset to its specific wallet address. Sending a currency at a different address can lead to a loss of your asset.

Bityard depositBityard deposit

Step 3: Crypto margin trading

You can follow these steps to begin derivatives/ crypto margin trading at Bityard:

  • Hover on the contract and click on crypto/ derivatives as per your choice.
  • From the left side of the screen, click on the asset you wish to trade marginally.
  • Now enter your margin and choose leverage from the right side of the window.
  • Click on long/ short to open a position.
  • You can click on the close button at the bottom of the screen to close a position.

Bityard Margin Trading Fee

Bityard charges a trading fee of 0.05 % on all crypto margin trading orders. In contrast, there is a 0.025% margin trading fee on derivatives.

Bityard also charges an overnight fee on cryptocurrencies. However, there is no overnight fee on derivatives.

Fee calculation

For crypto assets:

Trading Fee: (Margin * Leverage * 0.05%) 

Overnight Fee: (Margin * Leverage * 0.045%)

For derivatives:

Trading Fees: (Margin * Leverage * 0.025%)

Margin trading rules at Bityard

Bityard has some margin trading rules, which are as follows:

  • There is a minimum margin limit of 5 USDT for all of the assets, including derivatives.
  • The upper limit varies depending on the asset. There is an upper limit of 40,000 USDT on crude oil, whereas only 20,000 on USDT on Bityard.
  • All the positions are auto-close at 05:55:00 SGT.
  • The trading hours are around the clock, i.e., 24×7.

Risks involved in margin trading

  • The most significant risk in margin trading would be liquidation.
  • The higher leverage you use, the higher your losses would be if the market goes sideways.
  • The exchange can sell your capital without informing you in case of liquidations.
  • You do not get a margin call at Bityard, so you shouldn’t leave your screen with an open position.

Bityard margin trading: Pros and Cons

ProsCons
Bityard provides you with one of the highest leverage among all crypto margin trading exchanges.They have a high trading fee, which justifies no interest rate.
They support isolated margin trading, which prevents you from losing more funds than your capital.The platform does not provide an option for cross-margin trading.
Bityard has licenses from four different countries.You can only use USDT for margin trading.
The platform has a customizable and easy-to-use interface.
They do not charge interest on your loan amount.

Bityard Margin Trading: Conclusion

Bityard makes margin trading simple with its user-friendly interface. The platform offers isolated margin trading with no interest on loans. However, you have to pay a significant trading fee and overnight fee. Therefore, Bityard is one the of these best Bitcoin margin trading exchange our there.

Margin trading is an excellent opportunity for investors with less capital and willing to take higher risks. Always remember, a wrong decision in margin trading can lead you to lose all your money.

Bitcoin vs Ethereum: Which is a better investment?

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Bitcoin

The cryptocurrency network is now worth more than Canada’s GDP. With a current market capitalization of around $1.8 trillion, it surpasses Canada’s GDP of $1.6trillion dollars, by about $200billion.

That is to say, if the cryptocurrency market was a country, it might have a shot at being a member of the G7, wouldn’t that be a sight?

At the zenith of this towering empire lie Bitcoin and Ethereum, these two digital assets make up $1.3 trillion of the total $1.7trillion of the cryptocurrency market. These two coins rank 1st and 2nd in popularity and value. This position makes these two tokens a healthy and safe investment.

 But lots of investors are usually undecided on which asset to invest in and how to invest. To help you make a decision we will explore both tokens, give our pick after a proper analysis and recommend investment options.

Bitcoin

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Bitcoin reached a new all-time high on the 13 of March 2021, trading at $60,000 on World leading crypto exchange Bityard, currently, it trades for $61,000. This comes just a few weeks after hitting the $50,000 mark which was a notable milestone, as the $50,000 mark was a crucial psychological barrier, and breaking that barrier makes Bitcoin reaching $100,000 before the end of the year, a realistic prospect.

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Bitcoin traded at $61500 on exchange Bityard

This exponential growth is relished by a lot of investors and keeps attracting new investors every day. But this growth also comes with its own worries, lots of individuals and analysts are afraid that such a rise could lead to the price of Bitcoin plummeting. They argue that Bitcoin lacks intrinsic value and will soon become worthless.

Based on present facts, such fears are unfounded, Bitcoin does have intrinsic value. Apart from value, it has as serving as the most trusted digital currency it also serves as a fixed asset, a lot of people who own Bitcoin buy as a form of long-term investment, hoping to sell when its value appreciates or to hold as a form of security.

This value isn’t just arbitrary it is strongly backed by institutions, in fact, the increase in the value of Bitcoin is fuelled by the interest of corporations or institutions, as seen in its recent increase to $50,000 this increase came after Tesla announced it has bought $1.5 billion worth of Bitcoin.

Considering the institutional backing Bitcoin has, one can safely accept that Bitcoin isn’t losing value anytime soon, and we can continue to expect rapid growth.

All indicators point to Bitcoin reaching the $100,000 mark before the end of the year

Ethereum

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Ethereum started the year at $730, six weeks later it was traded for $2030 on crypto exchange Bityard. An impressive run that saw an almost 300% gain in value.

No other digital asset show tremendous potential for growth this year, more than ethereum does. 

Presently 68% of ethereum is held in wallets with at least 10,000 ethereum, this signifies that a large quantity of ethereum is being acquired by whales who intend to hold long-term, and more ethereum is being moved out of crypto exchanges in large quantities. 

This increased interest to hold comes as a result of the anticipated upgrade of the ethereum system to ETH2.0 these upgrade aims to solve a lot of issues on the ethereum network and improve the capability of the network.

But a key component of this upgrade that is expected to drive the price of ethereum to higher levels is the upcoming London fork, slated to take place in the month of July.

This particular phase of the upgrade comes with a critical change, previously gas fees for transactions were paid to the miners, but with this upgrade, these fees will be sent to the ethereum network itself, where they will be burnt (erased from existence), reducing the number of ethereum in existence, and triggering a significant bullish run as relative scarcity causes an increase in value.

Which is a better investment?

We will go with Ethereum.

The planned upgrades to the ethereum blockchain, gives it an edge over Bitcoin as a usable asset, making it a better choice for transactions. This upgrade and the proposed ether burning(EIP 1559) show potential for massive gains that will eclipse whatever value appreciation Bitcoin undergoes. 

Another development to note is the resurgence of Defi (Decentralized finance) which is based on the idea that cryptocurrency technology can create an open alternative to traditional financial instruments such as savings, trading, loans, and more.

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 The growth of the DeFi ecosystem of which ethereum is the most common is still set to attract more users. This is expected to drive the price of ethereum higher.

How to invest 

To acquire or buy Ethereum or Bitcoin, we recommend world leading cryptocurrency exchange Bityard.

BITYARD

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A secure and well regulated exchange, with a simple platform designed with beginners in mind.

All you need do is register, deposit funds, click on the spot trading page, and buy whatever amount of Cryptocurrency you want. And then hold till you decide you’ve made enough returns.

Another investment option is the Copy trade option available on Bityard. This trading option allows users to make money from following expert traders, who contract trade digital assets. In this option, investors can make a profit from either direction of the market (when prices go up or when they come down).

Bityard offers the best prices on the market for any digital asset and has additional features which include a free daily mining option for users that allows you to get free tokens daily when you mine them on the exchange’s app.

To register on Bityard and trade Ethereum or Bitcoin click on this link

Here’s Why SecuX Should Be Your Next Crypto Wallet

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The increase in the demand for cryptocurrencies has also elevated the number of platforms in
the industry. With an array of products available in the market, those interested in using them
are always left confused, as to which product to choose. However, choosing a hardware wallet
just got easier with SecuX’s latest range of wallets.

SecuX entered the crypto market in 2018 and has been delivering a wide range of wallets. With
a vision of keeping up and offering answers to the emerging blockchain technology, SecuX has
been giving its competitors like Ledger and Trezor a run for their money.

Getting started with SecuX wallets: Pros

SecuX currently offers three varieties of hardware wallets including V20, W20, and W10.

●Support for multiple assets

These wallets support over 1000 cryptocurrencies with the inclusion of ERC-20 tokens. Users
will be able to find support for prominent cryptocurrencies like BTC, ETH, XRP, BNB, XLM, and
several others.

●Vault-grade protection

SecuX W20 Hardware Wallet Portfolio

Security is the most important aspect with regard to crypto wallets. SecuX offers an Infineon
SLE solid Flash CC EAL5+ Secure Element chip [SE] that aids in securing the PIN as well as
the private key of the users from any potential cyber or physical attack.

●Connectivity

With the V20 and the W20 models, users will be able to connect the device to the
laptop/desktop with a help of a USB and a mobile phone with Bluetooth. Other devices like
Tablets and iPad are also supported by the aforementioned wallets.

●Touch Screen

SecuX W10 Hardware Wallet 1

While there are several wallet providers in the market, SecuX stands out with its large 2.8”
touchscreen. This makes it easier for users to operate on, specifically while making
transactions.

● Compatibility

The W20, as well as V20, are compatible with prominent operating systems like Windows,
Chrome OS, MAC OS, iOS, Android, and Linux. The W10 is, however, not compatible with

Andriod and iOS.

SecuX V20 Hardware Wallet CrossPlatform 1

●Account recoverability

Recovering accounts just got easier as SecuX’s wallets are complaint with BIP32, BIP39 as well
as BIP44.

●Battery Life

With a 600mAh battery, the wallets last up to 7 hours with every charge. While Ledger offers
only 100mAh on its Nano X. An offline balance check is also found in these wallets.

Cons

●Size

When compared to the wallets offered by Ledger, which are USB sized, the dimensions of
SecuX wallets are bigger and easier to use.

●Number of coins supported

1000 Crypto Coins Tokens Support

While Ledger offers support for over 1100 crypto assets, Trezor supports more than 1090 coins.
SecuX, however, supports only 1000+ coins.

Setting up your wallet

SecuX wallets can be found on Amazon as well as Webshop. The V20 Flagshop is priced at
$139, W20 Fantasy for $119, and W10 Lite at $69 on SecuX Webshop. The SecuX mobile
application can be found on the App Store and Google Play for Andriod users. ​
​
SecuX Hardware Wallet is available for purchase on their website. Those interested in buying
right away can get up to 15% discounts on the purchase.

SecuX V20 and W20 wallets – 15% off with coupon code “ tronweekly ”
SecuX W10 wallet – 10% off with coupon code “ tronweeklyw10 ”

2gether launches 2GT utility token internationally on Bounce

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The past few months has seen the cryptocurrency market perform better than most traditional assets out in the world. This positive sentiment has been a key factor contributing to new developments and innovations in the space. 

2gether, the popular collaborative cryptic trading platform, was the latest player to shake things up in the industry with the listing of its 2GT token on Bounce, a decentralized platform that specializes in auction style ICO’s and NFTs. The ETH generated from the Bounce trades will be utilized for the 2GT/ETH liquidity pools on Uniswap.

According to reports from within the company, 2gether will be issuing 10 million 2GT tokens for a week before issuing the token on Uniswap sometime between March 5-12. 2gether further informed us that over the past few years the company has distributed over 20 million tokens to users. Since 2gether’s launch three years back, over 50 percent of its users are counted as designated founders. 

The cryptocurrency market’s growing relevance was again evidenced when 2gether statistics showed an 83 percent rise in 2GT trading between December 2020 and January 2021. Rising trading figures even during a pandemic was proof of the community’s confidence in the platform. Over the past three years, 27 million 2GT tokens worth $1.6 million were purchased off 2gether.

Ramon Ferraz, the CEO of 2gether had said:

“Over the last three years, 2gether has been working on increasing the utility of the 2GT token to further develop our Founder’s Plus Programme and beyond, while emphasizing compliance with the European Commission’s regulatory frameworks with the guidance of the crypto-specializing legal experts at Uría Menéndez’s Digital Law Group. The crypto boom of the last few months has empowered the company to succeed in its token issuance mission, and the 2021 roadmap brings new initiatives and projects that will add new layers to the 2GT’s utility.”

To put things into perspective, 2gether has been building its token utility since the end of Bitcoin’s 2017 bull run. The company has gone about achieving its functionality goals by envisioning the Founder Plus Programme at its core. Each part of the 2gether membership level comprises its own levels that can be scaled by purchasing or earning 2GT tokens. Users and fans of the platform rejoiced when it announced that interested parties from outside Europe could also conduct trades.

2gether added that the 2GT tokens will also be issued on Uniswap soon by utilizing the proceeds from the current Bounce issuance. An exact 50 percent of the ETH prceeeds will be directed towards 2GT/ETH liquidity pools. Additionally, users who stake their 2GT/ETH in the Uniswap liquidity pool will receive a 0.3 percent yield reward. Uniswap was not the only place where users could handle their 2GT tokens as other external wallets have also been given permission. 

 The token launch was one step in taking 2gether towards the mainstream realm. The platform currently operates in 22 countries with a user growth rate of a whopping 500 percent. Sources close to the company are hoping that the tie-up with Bounce will only enable it to better the burgeoning cryptocurrency ecosystem.