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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.

Comparing Bityard and eToro in 2021

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When it comes to crypto trading, choosing the right trading platform is just as profound as discovering a successful trading strategy. However, with so many trading platforms available on the market, deciding which platform to choose can seem like a nightmare. This article will compare two trading platforms, namely Bityard and eToro. The platforms will be compared on the basis of the most important metrics that users use to decide on which platform to use.

bityard v etoro 1
Comparing Bityard and eToro in 2021 5

What is eToro?
Etoro was founded in 2007 as a forex trading platform. It has evolved over the years to include stocks, derivatives, CFDs, and cryptocurrencies. It has a global reach, servicing over 17 million users in 140 countries. It is a multi-national licensed company, with licenses in countries such as Israel, UK, USA, Australia, among others.

eToro web interface

etoro interface
Comparing Bityard and eToro in 2021 6

What is Bityard?
Bityard is a contract trading platform with crypto assets and derivatives. It was founded in 2019. So far, it boasts of over 100,000 registered users in over 150 countries across the globe, making it one of the fastest crypto trading platforms in the world. It is headquartered in Singapore, and has multi-national licenses from Estonia, Singapore, USA and Australia.

Bityard web interface

bityard interface
Comparing Bityard and eToro in 2021 7
  1. Layout and user interface

The Bityard website is easy to navigate, staying true to Bityard’s mantra of designing a platform that simplifies complex trading. Which makes it user-friendly, regardless of the experience level of the trader. Traders have the option of trading via the website or the app version available for both Android and iOS. The website and the app provides similar features. There are many similarities between the eToro and Bityard platforms.

However, the Bityard website has more charts, technical analysis tools and a customizable viewing panel. Similarly, the Bityard app is easier to navigate as most features are easier to find. The eToro platform is loaded with more features such as newsfeeds and market research, which are harder to find for a newbie. A little tutorial might be necessary for a new user to find their way around the eToro platform.

2. Opening an account

Both EToro and Bityard require one to be registered in order to be able to trade on the platform. It takes just a few seconds to open an account. Bityard has the option of opening an account using either an email or phone number, while eToro gives the option of email, Facebook or Google. You will receive a confirmation code that you will use to complete the registration.

Once that is done, your account is ready to use. However, there are limited functionalities for
accounts that have not verified their identity. For both platforms, users who have not completed top tier levels of KYC have limited access to the platform’s features. EToro goes further as to make some features available only to users who have made their first deposit to their account. A minimum deposit of $200 is required on eToro. Bityard offers commission on referrals. On Bityard, a user can earn up to 60% of commissions on trading fees from referrals.

  1. Trading experience
    As already mentioned, Bityard seeks to simplify trading. “Complex contracts simple trade”
    appears on the first page of their website. True to that slogan, the trading experience on Bityard is seamless. There are 33 crypto assets with 19 trading pairs, and many derivatives ranging from stock market indices to precious metals. Although Etoro has only 16 crypto assets, it has hundreds of stocks, ETFs, indices and currency pairs.

Funding a Bityard account can be done through cryptocurrency and fiat. Unfortunately, fiat deposits for Bityard are only available in certain regions at the moment (Vietnam, Indonesia, and China). There are plans to extend the service to more countries. On the other hand, eToro only accepts funding via credit/debit card.

Bityard and eToro both have a demo account which allows a user to try out real trades with fake money. Both platforms also have the CopyTrade feauture which allows users to copy the positions of more experienced users on the platform.

  1. Fees
    Bityard has lower maker/taker fees, charging 0.05% of the transaction. For withdrawing, 2
    USDT is the charge on Bityard. Etoro’s trading fees vary by asset; it ranges from 0.75% – 5%. The minimum deposit that can be done is $200, while the minimum trade amount is $25. Etoro charges trading fees through spreads, which can rise and fall depending on market conditions. The withdrawal fee on eToro is $5.
  2. Security
    Both platforms have put up measures to enhance the security features on the platform. Every new login is authenticated by 2FA. Both platforms have PIN authentication for withdrawals. Bityard stores the crypto assets in cold storage, which protects them from hackers. The Bityard websites also has full SSL encryption, making all connections secure.

Conclusion
In this article, Bityard and eToro have been compared on different aspects. In terms of size, eToro has shown to have a bigger user base and wider selection of non-crypto assets than Bityard. However, Bityard has more crypto assets to trade. Ease of registration is somewhat similar on both platforms, even though it is much easier to register on Bityard because a new user can enjoy the full features of the platform without first making a minimum deposit.

Furthermore, the layout and user interface on Bityard has shown to have more superior features, hence giving a better trading experience. The welcome bonus and higher referral rewards on Bityard also make it a more attractive platform. Bityard’s trading fees are also comparatively lower than eToro’s. When it comes to security, both platforms have demonstrated their high regard for enhanced security, which is amazing.

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

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

A simple and practical Guide to copy trading on Bityard

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Copy Trading is the latest innovation on the cryptocurrency market. An entirely unique trading method, that allows users to benefit from the experience of expert traders and make profit from their knowledge.

The copy trading option is designed for beginners who have not learnt how to trade. In the copy trading option, you do not need to be an expert on cryptocurrencies to make profit on them, in fact you do not need to know much about Cryptocurrency trading to make money, all you need do is follow expert traders with an amount of capital and make money off their trades.

The copy Trading option also provides beginners interested in cryptocurrency trading, with an opportunity to learn, as they are able to observe the trades made by experts they follow, and this gives them a chance to analyse successful trades and incorporate the expert’s trading style.

Bityard a fully licensed and regulated exchange is one of the very few elite Cryptocurrency-exchanges that have pioneered the copy trading option and is the best pick for beginners who want to start copy trading.

A Step by step guide to the copy trading process

Registration:

The first step is to register on Bityard this is a very simple process and will not take more than a minute. To register, click here to input your email after which a verification code will be sent to your email.

Next you put a password of your choice, preferably a combination of letters and alphabets and one with good security. You click register and that’s it, your account is ready. Follow this Link to register.

Deposit:

The next step after registration is to fund your account.                                The bityard trading platform supports deposit via different Cryptocurrencies. 

For mobile users, to deposit into your account, look at the bottom right corner of the page, you will see an icon labelled assets

 click on it, then go the top left corner of the page that is opened, you will see an option of account and assets, click on the assets option, this will bring out the asset management page, there you will see a deposit option. 

Click on the deposit option, this opens a page with a list of Cryptocurrencies you can deposit, pick your desired Cryptocurrencies, copy the wallet address. Deposit into the wallet address and you’re set to go

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Note: The minimum deposit is 15USDT.

For PC users  after you login, at the top of the page you will see an asset option, click on it and it will bring a Dropbox with the deposit option, click on deposit, select a cryptocurrency of your choice, copy the address and deposit into the address.

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Pc web version deposit page

Choosing a Trader:

After you have deposited funds into your account, you can now choose a trader of your choice

Simply click on the Icon for the copy trade option. This opens the page for the list of traders. Each trader has statistics that show a trader’s performance and helps you better understand the trader’s trading style or pattern.

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Here I will explain what each Stat means and what it signify.

Win/rate 30D : shows the number of positive completed trades in the past 30days, that is the number of trades that end as the trader predicted. A higher win rate signifies that most of the trades, made end successfully.

30D Total trades: Shows the number of trades a trader has made in the last 30 days. A higher number signifies the trader is a frequent trader, a lower number shows the trader trades seldom

P/L ratio 30D: shows the percentage of profit as opposed to loss made by a trader. A positive percentage signifies that a Trader has made profit overall in the last 30 days, a negative percentage signifies that overall in the last 30 days the trader has made loss. 

Profit Rate: shows the percentage profit on the capital. A higher percentage signifies a trader makes a high profit on average.

Accuum followers: The number of people who copy a particular trader. A higher number shows a lot of people are comfortable with the trader and might reflect good trading skills

Profit share: The percentage of the profit the trader takes as his trading fee, when you copy him/her.

After going through the list of traders and finding one whose statistics are favorable to you, the next step you take is following the trader.

Following a Trader:

After choosing a trader and clicking on the follow option, a page showing the trading settings pops up. 

Amount: Allows you to set the amount that is to be used for each trade copied from the master trader. When setting the amount, you consider your general principal/investment and you set an amount that will allow you copy the trader even if he/she opens multiple trades at once.

Note: Maximum copy amount per trade is 400USDT

Daily margin: Allows you set a limit for daily trades. Once the trader makes those amounts of trades in a day, you automatically stop copying for the day

Stop loss ratio: Allows you to set a percentage of loss that is allowable in a trade once a trade reaches that amount it automatically closes. If this is set to unlimited then the trade closes whenever the master trader decides to close the trade.

Note: all trades automatically close at a 90percent loss rate.

After all these have been set, you click copy and start making money.

You can always choose to unfollow/stop copying a trader at anytime you choose.

You can also follow more than one trader, but when following multiple traders, you do so with respect to the amount of capital you have, to ensure a smooth and successful trading process.

Click this Link to register and Copy trade on Bityard.

Two features that make Bityard the best trading platform in 2021

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Introduction

For the first time ever, the market capitalization in cryptocurrencies has hit an all-time high of 1.6 Trillion US dollars (coingecko.com). In addition, Bitcoin and many other altcoins are trading at their all-time highs. Clearly, this is evidence of the growing demand by individuals and institutions to invest in crypto assets. With heightened interest in crypto assets, so is the need for trusted platforms on which to trade, exchange, sell, buy and store said assets. Those who wish to involve themselves in the investment of crypto assets must make themselves aware of the different platforms available and how they can leverage that knowledge to their advantage. 

This article will focus on highlighting two distinct features of Bityard that you will probably not find on any other major trading platform on the market. Some platforms may have one of the features, but not both.

Brief summary of Bityard

Just in case you are not familiar with Bityard, here is a brief introduction. Bityard is the leading cryptocurrency contracts exchange in the world. It is headquartered in Singapore. Its services are available in more than 150 countries around the world. It operates under a multi-national regulation and licensing framework in Singapore, the United States of America, Australia, and Estonia. Currently, the platform has more than 100,000 registered users.

Bityard offers a welcome bonus to new users. The welcome bonus can accumulate up to a sum of 258 USDT. Rewards are offered to new users who fully complete their registration and pass different levels in terms of the trading volume. 

Two things that make Bityard better than other platforms

Now that you are familiar with the Bityard platform, let us get into the two unique features that make Bityard a superior trading platform when compared to other platforms.

  1. Demo account

Once you are a registered user on Bityard, you automatically get a Demo account that is loaded with 100,000 USDT. This is not real money. Bityard also has the option of a Demo account that allows users to test their trading strategies or acquaint themselves with the platform without running the risk of losing their funds. A Demo account is meant to simulate a real trading experience. It allows someone to make real-time trades with fake money.

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Users can switch between a Demo account and a live account at the top-right corner of the user interface. A Demo account is a safe way for someone to learn how to trade. Even experienced traders can use the feature to test their trading strategies to see how profitable they are.

  1. Copy Trading

One of the most outstanding features of Bityard is the CopyTrade feature. This feature allows users to simply follow and copy other traders’ positions. It is a feature that enables less experienced traders to benefit from traders who are more experienced. With Copy trading, even amateur traders can trade like professional traders. The best part about this feature is that the person who is copied gets to share in the trade profits. Traders get 8% of the profit from the followers’ orders. Therefore, there is an incentive for experienced traders to share their positions so that they can be copied. 

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How to copy trades

Users can copy trades by going to the app and select which traders to follow in “community”. On the copy trade page, the user can set the method and amount. It is important for the user to browse through the list of traders and choose which trader meets their profit objectives and risk profile. Also, remember that there is no additional cost to you for copying a trader.

Conclusion

Bityard is a trading platform that wants to make trading easy, and this article has highlighted just two of the features that make trading on Bityard easy. the two features are Demo account and Copy Trading. These are features that you will most likely not find on other trading platforms.

THE WORLD LEADING TRADING PLATFORM BITYARD PARTNERS WITH PAXFUL

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The worlds-leading trading platform Bityard announced about teaming up with Paxful, one of the biggest cryptocurrency platforms when it comes to buying and selling Bitcoin

About Bityard:

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Bityard has been setting the pace in the world of cryptocurrency trading. Bityard offers safe, fast, and secured contract trading, spot exchange, and copy trading to over 50 cryptocurrency pairs and Derivatives.

Bityard is well regulated and compliant with international laws. Bityard remains one of the few trading platforms allowed in the USA.

The user-friendly interface, the low transaction fee (0.05%), and many other features have made Bityard become the best platform on the lips of many traders.

Users can still earn on Bityard even without depositing, through incentive programs like the Mining program, social media contest, etc.

Bityard offers a whooping $258 welcome bonus to new users (terms and conditions apply).

The Bityard’s customer service is always available 24/7.

To register on Bityard click here.

Now let’s throw more light on Paxful.

This article contains things you need to know about Paxful.

WHAT’S PAXFUL?

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Paxful is the next generation peer-2-peer bitcoin marketplace with over 2million+ users around the world. The paxful company was founded in 2016 (5yrs ago) by Ray Youssef (CEO) and Artur Schaback (CPO), both of whom had connections with New York.

Paxful has 4 offices around the globe with over 200+ Employee, Paxful services are also offered in 21 different languages.

WHY PEOPLE USE PAXFUL;

Paxful company has 2million+ users, here are the factors behind it;

Super human efforts;

Paxful put more extraordinary effort to see that its users get the best quality of services. Paxful is changing the concept of impossibility in the lives of billions around the world.

People oriented platform;

Decisions taken at paxful are always made with the people’s interest at heart.

Paxful always communicate with users, asking for their feedback/opinions, in other to creating something even better.

Product offered by Paxful;

Paxful is well known for the high-quality services they offer to their users, there include;

–People-Powered Technology;

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Paxful is entirely peer-to-peer, which means that, paxful users actually trade with real people in real-time—the way bitcoin was meant to be used.

-Free Crypto Wallet

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Paxful crypto wallets are reliable, easy-to-use, and don’t cost a dime. Paxful digital wallet provides a very safe place for users to store their wealth — no matter who you are or where you’re from or where you leave.

-Users fund security

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Safety and security are the Paramount factors on paxful when it comes to users fund. All trades on Paxful are protected by paxful secure escrow service to guarantee peace of mind.

AIM OF PAXFUL;

The aim of paxful is a simple one, which is to empower the forgotten four billion unbanked and underbanked communities, so they can have control of their money in a way they’ve never done before.

SUMMARY;

Bityard and paxful are two giant platforms that care so much about their users. The teaming up of these two platforms will ensure that people get the best quality of service when it comes to cryptocurrency trading.

The partnership between Bityard and paxful is surely a Game changer.
Bityard works at making complex contracts simple and easy, while paxful aims at empowering the forgotten four billion unbanked and underbanked communities, so they can have control of their money in a way they’ve never done in the past.

Click here to register on Bityard.

Bityard Becomes Fan Favorite As Exchange Begins Offering Features On Top of Copy, Margin Trading

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The cryptocurrency market has been on a massive surge over the past couple of days as major tokens breached all-time highs unheard of before. This positive sentiment acted as the perfect playing field for a lot of cryptocurrencies to onboard more long-term customers.

Bityard, the Singapore based cryptocurrency exchange was one of the few early players who accounted for the needs of the customer. By launching features such as margin trading and copy trading, the exchange captured the attention of the ecosystem while Bityard users applauded its versatility.

Bityard made a name for itself when its officials assured its users that all traders, veterans or newbies, will be treated to the same features. The exchange received a boost when it launched its copy trading feature which allowed uninitiated users to follow the trading patterns of experienced professionals. The copy trading feature was launched on the back of its demo trading addition which garnered praise from the ecosystem.

Using the demo trading feature, customers can practice a trade without investing any money of their own. To ensure that customers had a seamless experience, Bityard allocated a whopping 100,000 USDT for the demo. What makes the experiment even more successful was the fact that users could test out demo trading for just $5.

The other Bityard feature that stood out was copy trading, where freshers could copy the trade patterns of experienced professionals and reap the rewards. An official release had stated:

“On Bityard, when a user starts copying an advanced trader, there is no more action needed to take for the user afterwards. The trader who is copied will conduct an in-depth crypto investment strategy and start trading for all other users who copy the trader.” https://www.tronweekly.com/bityard-doubles-down-on-copy-trading/

Bityard has also launched several promotional events that give customers a chance to win large prizes. The exchange’s Welcome Bonus included a $258 USDT prize where $4 USDT could be earned simply by changing the username. Apart from bonuses, Bityard also offers free mining which is considered an essential addition to the platform. The organization also conducted a surprise contest where customers were asked to predict when Bitcoin would breach the $20,000 mark.

Apart from the aforementioned features, one of Bityard’s most attractive features was its focus on privacy and regulations. The exchange has licenses from four different regulators from the United States, Singapore, Estonia, and Australia. In less than a year since its launch, Bityard has made waves in the cryptocurrency ecosystem unparalleled anywhere. With a packed roadmap and its sights set on further developments, Bityard is surely out to make the digital asset world a better and more streamlined place.