With the recent downturn of the market, the cryptocurrency sphere opened many new opportunities to ambitious young people who are looking to get a cryptocurrency job in 2019. And by job, we don’t necessarily mean becoming an ICO advisor, but actually specialising in a specific part of a company’s growth.
But how does one go about choosing and finding the job opportunity best suited for him?
DEFINE YOUR IDEAL JOB POSITION
Most job positions available in the cryptocurrency sector are related to coding and development. If you are one of the few that want to work in front-back end development jobs, you can skip this step.
This chapter is written mostly for people who are looking to acquire a new skill that will help them get a cryptocurrency job in 2019, less than one year since the skill acquisition. Some of the most sought after, easy to learn, skills in the sector are the following:
-Marketing & Community managers
Start by choosing which job best suits your skills and lifestyle. If you are a good writer already, consider a specialisation in cryptocurrency content management. If you are more experienced with communication and quick problem solving, you should consider customer service.
TAKE A COURSE AND PERFORM ADDITIONAL RESEARCH
In order to kickstart your immersion in your newly chosen path, I would recommend you find an online course that can help you learn the skills you need.
There are many different options and pricetags, but my personal choice would be to go with Udemy. Their course are extremely underpriced and the value you get, if you choose the right course, is unparalleled.
Once your course has started, spend at least 2-3 hours per day practising your skills and doing further research on how you can apply these skills to the cryptocurrency sector.
A good place to start is by reading forums related to cryptocurrency or to your specific skill. If you want to get a cryptocurrency job in 2019, you need to know exactly what your employer is looking for and offer it before he asks for it.
OFFER YOUR SERVICES FOR FREE
Now that you have taken a course in your new skill and have practised enough to be considered at least “good” in what you do, it is time to build up a portfolio that you can show to your prospective employer.
To do that, the best way is to offer your services for free.
Send sample articles to your favourite cryptocurrency blog, develop some aesthetically pleasing graphics for new Social media posts of your favourite coin. Be ready to do some free gigs. If you work consistently, within a month you should have at least 10-15 work examples to show to your potential employer.
START ASKING FOR PAID POSITIONS
Now that you have your portfolio built, its time to finally start chasing. To get a cryptocurrency job in 2019, you will have to stand out of an enormous competition. How will you do this? There are many ways. Here are some tips to remember:
-Do not apply directly to the application button. Instead, spend some time to discover who the HR manager of your (potential) employer is and contact him/her directly via email. The easiest way to do this is by downloading Snovio, a Chrome extension that helps you get emails from linkedin profiles.
-Keep it concise. Don’t over complicate your request and do not talk about yourself. Instead, focus on the value you will be able to provide to the company.
-Everything you say must be formulated in a way that shows the employer you have done your homework regarding the company. What are their pain points? What are some current problems they are facing?
-In the end, ASK. Be unapologetic. Offer your help and state that this will be a paid job. Whether you decide to work for a given company as a freelancer or as a employee, you have to be able to let your character shine through the first email.
This step by step process helped me and many other people in my Social circle get a cryptocurrency job, with 3 to 6 months of continuous effort. You can do the same, only now, your competition will be way less, due to the results of this grueling bear market.
With all the recent drama in the cryptosphere, no one is certain when it comes to the “bottom” price. We heard analysts and experts share opinions that make us even more confused and the market sentiment right now is… how shall we put it… very sentimental. No one knows when is the best time to buy Bitcoin but many still believe in its long term growth.
Since everyone, once again, claims Bitcoin will die, here are some useful methods to go by in case you want to buy Bitcoin for its technological potential.
Buy Bitcoin when others are fearful
If that is not now then I don’t know when it is. During the start of this major bear market, everyone had his hopes up high, claiming one event or another were the reason their lamborghini orders were put on hold. Chinese Cristmas, Consensus and a bunch of other wild guesses, all acted as a catalyst for the fear of the current market.
Remember those people who claimed they would buy Bitcoin at $12.000 when it was around the $20.000 mark? The same people who claimed they wanted to buy at $6000 when Bitcoin was at $12000 price and keep on dropping? Now at 3000 no one buys and they all scream Bitcoin is in a death spiral. No one wants to buy Bitcoin right now because they are afraid.
Buy Bitcoin when the value has gone up, but the price has gone down
Bitcoin is, right now, more popular and necessary than ever. People have started to realise the unfair profiting of exclusive third parties when it comes to the control of our finances. These institutions do not necessarily care about money because they can simply print it. Therefore, they are putting up huge resources and energy to drop the value of Bitcoin, keeping their power model in place. Until now, their efforts have proven to be fruitful.
However, this does not change the fact that Bitcoin is and always will be a decentralised worldwide currency that is free to transport across continents in any amount. The people who “are in it for the technology” understand this. This is why they have decided to hold Bitcoin for a long timeframe, or until a middle ground is found.
Buy Bitcoin when you see strong signals from multiple high quality sources
High quality sources right now are uncertain. This comes after everyone in the field had a price prediction whether that is for the final bottom or the turn of the markets. So far, no expert has been right which proves that their expertise is not always to be trusted.
A strong signal in the cryptoworld needs to go far beyond a positive event or a development in the space. These have proven to not affect the price in a major way during 2018. Instead, strong signals could be translated in a new phase of mass interest for the coin, which will happen when the media picks it back up. Remember that, whether Bitcoin is manipulated or not, the only way the “big guys” can keep on profiting from the currency is if there is enough interest. And for interest to grow, price will have to grow as well.
Of course, it goes without saying, that this is not financial advice and it should not be treated as such. Our opinions are only an expression of our thoughts.
In all honesty, I don’t know a single investor, who hasn’t once thought or even bought Bitcoin. If you trade with crypto – you know that, sometimes, it can be challenging to find a safe and more private way of buying cryptocurrency. That’s why here I will give you all details on how to buy Bitcoin with Paysafecard.
What’s a Paysafe card?
Just to warm you up to Paysafe a little, let me brief you on what that is in case you haven’t heard yet.
Paysafe is a payment system that doesn’t include a physical credit card, middle-man or a bank. Instead Paysafecard has vendors in different locations (45 countries to be exact) all over the world. They sell vouchers containing a 16-digit pin code. The cool part here is that, when buying stuff with the voucher, you don’t need to share your credit card details or any personal information completing a payment. You can just use the code from the voucher to buy from any online shop that supports paysafe cards.
This is great for those who don’t have a credit/debit card, or even a PayPal account. It is also a good solution for those who want to purchase cryptocurrency anonymously.
How to use Paysafecard
Using Paysafecard is just as simple as putting and egg to boil. Wow…not the greatest metaphor, but you get the idea and I must be hungry. You’ll have to know this before you can know how to buy Bitcoin with Paysafecard. No voucher – no Bitcoin.
Here’s a handy infographic on the Paysafe website itself on how to buy the vouchers and how to use them later on:
As you can see in the picture from their official website, it really is very simple:
Find your closest vendor by entering your ZIP code.
Purchase a voucher with a credit of choice from 10$ up to 100$ value (the only step with includes you leaving the house too). The amount will depend on the country you’re in and the fiat currency that’s used.
Use the voucher in any desired online shop that allows Paysafecard payments.
Now onto how to buy Bitcoin with Paysafecard.
There are definitely a few ways on how to buy Bitcoin with Paysafecard. Before I jump into the list of exchanges and websites to buy from, anyone who is worried about privacy or safety, fear not.
This is why Paysafe is so awesome!
The site will ask for your e-mail address and phone number only to create a ‘Paysafecard wallet ‘ but that’s just if you are planning to not use the whole value of your voucher and collect an amount in your wallet for later use.
If you want to spend everything on your card, you can skip this step completely.
Where do I go from there?
There are exchanges, which allow you to buy Bitcoin directly, without having an account, then there are websites that require you to register and there are also sites, where you can first buy other Altcoins and then exchange them for Bitcoin.
Here are a few websites where it is simple to see how to buy Bitcoin with Paysafecard:
Websites to buy from anonymously (No Signup required)
This website is truly for those who don’t want to be seen, heard or known of. It is a completely anonymous way to buy your Bitcoins. Here, all information you have to disclose is the Paysafe voucher and your Bitcoin wallet. Click here to check it out.
In case you don’t trust non-registation websites and want to have an account before you exchange your voucher to Bitcoin, here are a few popular options to go for:
Buy Bitcoin with Paysafecard (Sign up required)
You will have to register on this site first, before you can buy Bitcoin using your Paysafe voucher. You can then find different sellers, choose the most reputable one and buy. Try the Local Bitcoins website.
This is a peer to peer platform which connects you to a seller instantly. You will have to register in this website as well, but by completing this step you will get better price tags for your Bitcoin, compared to fully anonymous exchanges. Find more information on the official Paxful website.
Buy another cryptocurrency first, then convert it to Bitcoin.
This platform will probably expose the most of your information, since you will have to register and first buy another cryptocurrency, before you can exchange that to Bitcoin. It will also charge you about 20% commission on the transaction. But, an option is still an option. If this interests you try out VirWox.
So, in finale, I would say that Paysafe card is ridiculously easy to use and therefore would be a great start in buying crypto. An added bonus is that you can manage your finances by controlling the urge to spend more cash on Bitcoin, since the Paysafecard vouchers have limited funds.
That being said – it is one of the more expensive options and you will definitelly find better pricing for your Bitcoin, if you decide to go with different payment methods, such as bank transfers or Neteller.
What is Bakkt and how will it change the cryptocurrency world?
Blockchain is growing. We can all see it through the daily new innovations in the space, the new companies which bring growth and adoption to the cryptocurrency space, one of which is Bakkt. But what is Bakkt and how did it manage to get such a strong reputation over the past few months?
What is Bakkt?
Bakkt is created to allow institutions & consumers to easily buy, sell, store and spend digital assets. Formed with the purpose of bringing trust, efficiency and commerce to digital assets, Bakkt aims to develop open technology to connect existing market and merchant infrastructure to the blockchain.
In plain English, Bakkt aims to serve as the first Globally Regulated Ecosystem for Cryptocurrencies.
Microsoft and Starbucks and the Intercontinental Exchange (ICE) have already jumped on board of the train with partnerships that should, at least, give BAKKT some credibility.
Being new in the industry and having such strong names behind it, makes BAKKT one of the most “bullish” blockchain news of 2018; and since you are reading this article it’s likely you have also taken notice.
BAKKT is scheduled to be released the first weeks of November and the price of Bitcoin has already started to move upwards in news of the event.
Creating a global currency
Put simply, Bakkt plans to tackle how digital assets are bought, sold, stored, and spent, in a safe and efficient way.
Since many are not familiar with the role of ICE and BAKKT in other sectors it’s better we shed some light here.
What is Bakkt going to solve you may ask?
Bakkt’s goal is to address the methods with which cryptocurrencies and digital assets in general are bought, sold, spent or stored. And they want to improve these methods to become more efficient and less risky.
ICE believes that Bakkt will not only help with the mainstream adoption of cryptocurrencies; it will also carve the path for the first Bitcoin-ETF approved by the SEC.
The SEC has yet to aprove an ETF due to a fear of manipulation, which does not allow Bitcoin to be seen as a trustworthy currency. Bakkt will address these problems, opening up opportunities for more efficient and trustworthy prospective ETFs.
According to Bakkt, their exchange will not allow margin trading or leverage trading, which is now one the risky, if not gambling, way to increase your Bitcoin count. And for those who think margin trading is safe, remember that exchanges are still centralised entities vulnerable to cyber attacks. There are many exchanges that are best to be researched thoroughly before investing.
Instead, they will focus on creating a more trusted, stable price formation which will decrease the volatility in the crypto markets. There will be not price speculation from their side, just real trading, similar to the current big exchanges.
The CEO of Bakkt, Kelly Loefler, mentioned that in order to succeed, Bakkt will focus on creating a stable regulatory construst, a transparent price discovery as well as a high quality trading infrastructure. Achieving those three goals will make Bakkt different from all other exchanges and provide a safe and regulated platform for investors.
Bakkt’s Goals — Is the Platform Good for Bitcoin?
Understanding what is Bakkt’s long term goal may sound like a utopia to many.
Bakkt wants to achieve success in three different areas. First, they want to replace retail credit card payments with blockchain applications, making room for Bitcoin to finally become a payment option within the world economy. Second, Bakkt wants to provide similar insurances for Bitcoin as other assets like stocks and bonds currently have. Finally, the last step of success and probably the most important for all the “hodlers” is to allow large amounts of institutional money to enter the cryptocurrency markets.
This, however, is also their biggest challenge. Getting institutions to invest large amounts of capital into crypto is harder than most tend to realise.
Bitcoin, in the eyes of many, is meant to be decentralized with no central authority, no single institutional monopoly, or regulations; Even though some people like to chew on the mass adoption gum, claiming that a strong centralized entity is needed for Bitcoin’s success, others ask what is Bakkt offering to the space, other than one more “undercover” method institutions use to take full control of the Bitcoin market.
Some also compare the involvement of BAKKT with the results “paper backed currencies” had on gold and silver in the past (surprise, it’s not positive).
One of the best arguments against BAKKT comes from@Super_Crypto who has been putting out incredibly accurate and in-depth articles related to the (not so lambo) future of Bitcoin. His recent article on Medium, outlining the methods used by the elites to suppress the price of Bitcoin got more than 39.000 claps, resulting in him getting a large following on crypto’s preferred Social media network.
The question keeps boggling your mind; how to become an ICO advisor.
But what exactly does this role entail and are you ready to take up the challenge?
ICO or Initial Coin Offerings are something we have all heard of in terms of crypto market. In short an ICO is when a company sells its tokes to private investors in exchange for cryptocurrency such as Bitcoin and Ethereum. So typically a company will launch an ICO when looking for an investment for a launch of a new app, coin or service, since Bitcoin and Ethereum can easily be exchanged for funds they need for their operations.
As simple as the title sounds, this job is quite a handful to say the least. There is no degree on how to become an ICO advisor. It will require you to have expertise in certain areas, which all make for a ICO to succeed. Here are some of the most important tasks that would require an advisor:
The overall marketing plan of the ICO
Everything from e-mail marketing to SEO and organic reach will be the task at hand here. Creating e-mail listings, newsletters, working with google ads, social media platform ads as well as with influencers will be the main goal here.
Follow up with the business model of the ICO
Here you will be involved in a process of deciding the form of the ICO, whether it is a traditional form of approach or if it’s a fork of an existing coin delivered in an airdrop. You’ll have to come up with the best course of action together with the project team to ensure the success of the project.
Logistics of the ICO process
Here you will work on putting down the distribution of the profits in detail, to make sure your ICO is fully transparent and investors trust you with their funding. It is often so that, without proper management and no prior fund raising experience, businesses take a toll and lose huge chunks of their investor’s money unnecessarily.
Monitoring and supporting the website
The website of the company is like the face of your company – it will be the first thing investors see when they search information about your ICO. Therefore you will be responsible of creating the perfect first impression by carving out the website; it has to be flawless. Here you also build trust with your investors by including everything from the most relevant information such as your whitepaper, roadmap and investment return plans to an attractive visual design and contact information.
Whitepaper development: How to become an ICO advisor “fast track” tip
This will most likely be the first step of the company and to that – crucial to determine the future success of the ICO. The Whitepaper contains absolutely all information about the project. You will have to make sure that all ‘what, how and why’ questions are answered in detail.
Communication and on-boarding of the investors
Here you will be taking care of the several channels that are typically used and known widely within crypto communities and investors. This will include Telegram, Reddit, Linkedin groups and Quora. You’ll need to make sure of a good exposure on these platforms, which will in turn bring you more investors and create knowledge of your offering.
Detecting and addressing the main challenges
This will include an extensive research done pre-ICO. You will have to research every aspect of the market to make sure you are ready to launch. Detecting main challenges also means avoiding failure at any cost and this will reflect in the success of the ICO later. Solving complex problems before they arise is one of the key aspects people need to consider when thinking how to become an ICO advisor.
Management post ICO
Post ICO management is important for many reasons, but to mention the most crucial would be that you not only want to keep up but improve the company’s work. It will include further developing the product, expanding and managing the community, regular updates and marketing of the product etc.
These are some of the most important roles that any ICO will seek to have help with, however there might be more, depending on the company and their protocols. So how to become and ICO advisor will also strongly depend on what/how many roles you want to cover.
But fear not, because any company that wants to launch successfully, will generally hire more than one advisor per field of expertise. But more about that a bit later.
An ICO advisor really needs to have pre-existing, extensive knowledge in crypto sphere and keep up with the information and updates on a regular. That being said – if you have been around crypto for a few years and generally follow through with all the latest news and trends, you have about the same chance in becoming an ICO advisor as anyone else within the biz.
Existing ICO advisors
Apparently the ICO advisor pool is also not very welcoming as it isn’t big. This is because those pioneering ICO advising don’t want any competition, to ensure better payment and rolling in all the business for themselves.
These pioneers will also claim that, in order to know how to become an ICO advisor, you need experience in rolling out an ICO yourself. Which, of course couldn’t be further from the truth. Bear in mind that one year ago this title didn’t even exist yet…
As mentioned earlier, ICOs running on logic, will select more than one advisor per field. So, say you focus on marketing, one person will be covering the investor part and then another person will take care of the smart contract. Do not sell yourself big here, because if you’re required to do something you have zero knowledge of, be honest or it will backfire. Teamwork makes the dream work.
Here are few of the practical steps you can take to make sure you get as many job opportunities as possible:
Update your Linkedin profile to fit the jobs description. Your title will here be ‘ICO Advisor’. Here also be specific as to what your specialisation is. Add as many field experts to your listing as possible.
Make sure you are listed on all the ICO listing sites. Here are a few to start with – Coinschedule; ICO Champs; ICO Bench; ICO Alert; ICO Watchlist. Check out more on this site.
Create your personal ICO advising website! More is more – if you can get vocal in this space preaching your passion and knowledge, even more chances that an ICO with trust you with a job. Also help other know how to become an ICO advisor by helping them through posts.
Besides own website, having social media accounts and being active on them constantly can also benefit you more than you know.
As with everything, becoming an ICO expert doesn’t happen overnight, so you will have to practice. And practice might mean that you’ll have to stay humble for a while, accepting as many job offers as you can.
Adding these jobs to your portfolio alone will grant you not only more experience but also more possibility to kick up your price.
That being said, when accepting a job – choose wisely! Many ICOs tend to cover failure by blaming their advisor, which, if inexperienced can just finish your advisor career right then and there and only that if you’re lucky. Research more on how to become an ICO advisor, especially when it comes in relation with your tax responsibilities, before accepting the job and if any red flags arise, respectfully decline.
Know your legal liabilities
Legalities are not a fun thing to go through, not for anyone. However, there are many responsibilities that come with advising a company for their ICO. As a precaution, go through the liabilities that arise before you sign off that contract. Better safe than sorry!
So there you have it, folks! If you still wonder how to become an ICO advisor, I suggest you go through this article one more time and right down the steps, which you would possibly skip. Complete them anyway!
Being an advisor can be a rewarding feeling, especially when you earn a recognition within the field, however nothing well deserved comes without hard work and consistent attempts to get better.
Recently, I have been doing some detective work to find out how I can better use my money to make money. And by money, I mean of course, crypto. Sliding from one option to another, I came across a trading bot called Cryptohopper and decided to give it a shot since it had a monthly trial for free. This is my honest Cryptohopper review.
I have to say I am generally very satisfied with this product and, therefore, I decided to write a lengthy Cryptohopper review/tutorial so you can decide if this service is worth your pennies!
After all, we all have a life and, spending three quarters of it in front of a computer screen just doesn’t make things better.
Even if crypto is your baby (which I totally understand!).
Cryptohopper Review: What is this bot all about?
Cryptohopper is an automated crypto trading bot that trades for you, so you can focus on the important things in life. Made by people who value time off the computer, this software can help you “outsource” your trading and allow you to relax all while you make profit automatically.
Get started in 3 easy steps
One of the aspects that makes Cryptohopper remarkably safe and convenient is that we don’t store your funds.
One of the things that makes Cryptohopper a great option, even for trading beginners, is that they do not store any of your funds. Your money remains in your wallets and only an API code is used to create and manage your trades.
1) Choose your exchange
This Cryptohopper review would not be complete if I didn’t explore the compatible exchanges. The bot is with many, including Huobi Pro, Binance, Coinbase Pro, Cryptopia, Bittrex, Kraken, Kucoin and Poloniex.
Keep in mind that the bot has a partnership with Huobi Pro, therefore offering better transaction fees for those who use Cryptohopper. From an “ease of use” perspective, Huobi is probably your best bet. We, however do not recommend using Huobi for your trades, at least for now, since there has been some issues going on lately.
2) Register your Cryptohopper account.
After successfully signing up on Cryptohopper and get an account, you will see your dashboard.
From your dashboard, you are able to create as many “Hoppers” as you can handle. Keep in mind though, every new “Hopper” needs a separate subscription and trade strategy depending on the exchange your account is using.
Now you can choose from the templates the bot offers or create one yourself, depending on your experience.
Once your Hopper is created, you can go to the config tab. Give your unique API key (can be found on the exchange you are using) and paste it in your config.
Good to remember: Coinbase Pro provides a passphrase together with the API code and Kraken gives you two separate API codes.
Save your changes.
3) Set up your config
It’s time for the most important step so pay close attention. You now need to configure your Hopper. As aforementioned, the templates offer pre-existing settings, which is good if you are just starting out.
However, this does not necessarily mean you are in profit. To become a successful trader you need to take into account the market conditions as well as the sentiment to form a strategy that fits the current market cycle.
From here there are really only two ways to proceed. If you are a beginner, it is a good idea to follow a signals channel, whether paid or free (more on that further down).
If you are a more experienced trader, you can trust your technical analysis and form your own trading strategy.
It is very important that you keep educating yourself no matter where you currently stand. Long term success comes from constant observation, experience and knowledge improvement. You can improve your skills by following forums, Discord/Telegram groups as well as popular Facebook/Twitter personalities. These will hone your skills and improve your potential profits.
What do I do with existing positions on the exchange?
If you already are an active trader, you may sync your pre-existing positions to Cryptohopper or keep them out of the bot’s reach if you decide to turn auto-sync off.
If, however, you do sync your existing active trades, you can also activate the “hold” setting, to keep the coins and sell them manually whenever you please.
Bot Configuration / Settings
Now it’s time to talk about the centre of operations, the core of your Bot. Let’s delve into the Settings of your Cryptohopper.
In the Config Pools tab you can set your configurations for all of your coins or set-up a strategy for a specific coin only. These are called “Config Pools”; seting up a different setting for each chosen coin.
If you already had a config implemented on all your coins, the Config Pool will override the coin-specific strategy with the new settings.
Since we all out on our Cryptohopper review we had to test the “risk-free” options as well. You can test the bot’s abilities without risking your money by deactivating the “Live Bot”. By doing so, the bot will continue executing trades, just without your funds. The output and results can be a good indicator of success for your current strategy.
Find your base currency by selecting the currency your funds are in.
If you are a beginner, we recommend working with either the USD or the Euro, since these FIAT currencies are more stable compared to others.
If your exchange does not support FIAT, you can also choose Tether(USDT) as your base currency.
Look at your options carefully because the coins you want to trade will determine the exchange you will be using.
It goes without saying that you should only invest in cryptocurrencies you have researched and you feel comfortable trading. After all, the responsibility lies solely with you, not with the bot.
The bot is the tool but YOU are the one using it.
To see the available trading strategies (which is a good idea if you are just starting out), check the Documentation for a detailed overview of just about anything Cryptohopper-related you might want to explore and learn more about.
What is the expected profit you are looking to make per trade?
It is important to remember that each exchange has its own fee structures. Most exchanges are charging you in the range of 0.1-0.5% per trade. Therefore, you should set your minimum profit percentage above the fee deduction. So, if an exchange charges 0.5% for a trade, your profit should be at least 0.55%. Depending on the comfort you feel with risk you should be working at the range of 1%-3%.
For my cryptohopper review, I used Binance and pay half the fees in their BNB coin, which takes the fees down to a mere 0.05% per trade.
Arbitrage refers to the instant trade of one or more cryptocurrencies between exchanges for odds for a minor risk-free profit.
Arbitrage trading may not be the strongest suit of Cryptohopper if you decide to trade on Binance like I do. The opportunities are limited since there are less coins available and, in the current bear market, the price spikes are very limited. That does not necessarily mean you should not do it. Just make sure you are absolutely sure before going into a trade.
Triangular arbitrage trading on one exchange is also possible. If you feel like wetting your feet, Poloniex and Bittrex are our recommendations since the coin availability is so broad.
You can easily enable “Arbitrage only allowed coins” in your configurations panel to arbitrage trade solely with coins you want in your approved coins list.
It is utterly important to understand how stop losses work before you even consider to start trading. Not understanding how stop loss works may result in a big portfolio “hit”.
By enabling Stop Loss on Cryptohopper, your coins will be sold with a minor loss if they go lower than the configured percentage.
This option may come in handy if you trade with signal groups.
Max open time buy/sell
Every time the bot places an order, what is the approximate timeframe for it to complete the trade? You can easily set a configuration for the amount of time one position can remain open, after which your trade will be fulfilled.
Amount Per Position
This is an important setting and it really depends on how much money you are trading with.
It is a good idea to start trades with a maximum of 5% of your total trading portfolio. This means that, if you are trading with $1000 USD, a position should not take more than $50 USD.
When you get more accustomed with the bot, you can allow it to chose the amounts by itself, by leaving the Maximum allocated amount empty.
I like to trade with low risk and low reward. Since I will be using the bot for a longer period of time with a position I would otherwise hold I am not really in a hurry to make more profit in a short amount of time. Here is how my settings look
Percent Profit: 1.2%
Percentage lower bid: 0.3
Percentage higher ask: 0.3
Trailing stop-loss: ENABLED
Trailing stop-loss percentage: 1.2
Arm trailing stop-loss at: 3
Use trailing stop-loss only: DISABLED
Hold assets when new target is the same: ENABLED
Auto close positions within time: 2 weeks
Max open time sell: 15
Max open time buy: 40
Max open positions: 30
Max percentage open positions per coin: 2
Percentage buy amount: Aprox. $100-200 per trade
Minimum BTC amount per order: N/A
One problem that I faced with Cryptohopper is that there is no opportunity to sell parts of a position as a wave goes down (otherwise known as averaging down). You need to place these orders on your own. I hope this will be worked on in the future.
Another problem I faced using the bot is that there is no clear indication if the signals are short term or long term, which can be confusing, especially for beginners. I choose to close my trades in this short timeframe even with risks on possibly a better profit but through that I still have the opportunity to catch some last minute great signals that look more promising. I used trailing stop for that. This is basically a stop that trails the price on the way up and allows me to hop on a ascending wave. The stop kicks in only at around 3%, which means that, if a price jumps straight to 3% the 1.2% profit taking is disabled and the trailing stop kicks in this stop is at 1.3% of the (then) current price. If the price goes down by 1.3% I sell automatically. So if, for example, a coin increases in value by 20% or more the trailing stop will follow the wave and only place a sell order if the 1.3% drop occurs. This is be far one of the most useful tricks I learned while working on this Cryptohopper Review.
I like to think that Cryptohopper would work better if the developers added more features, like price averaging if you are caught off guard with a bag that is facing a loss. Another option would be to add trailing stops where the % of the trail increases the more a wave ascends.
I believe that this bot is best used with (paid) signal groups. This is because it is not best in terms of configuration currently.
As I mentioned before in this Cryptohopper review, this bot is one of my favourite tools if used in combination with the proper signal groups. I like to work with paid signals since their average results are often much better than free groups. And since you are paying for the bot you may as well invest in quality information as well. And make sure you check for signal groups that inform you for short vs. long term positions so you don’t get stuck with bags you don’t want.
The bot makes some good recommendations on the best signals to use but I like to go with mininghamster since their signals are fast I am confident I won’t get stuck with my bags.
A few tips to manage risk
We will complete our Cryptohopper Review with some risk management tricks. In order to manage your risk you need to be very careful with your settings. Do not take this lightly as slight adjustment could lead to bad results.
During market crashes it is a good idea to limit your trades except if you feel very confident in your calls or positive events such as the upcoming ETF decisions are coming up. Nothing is certain, therefore do not blame us if you base your settings and trades off this Cryptohopper review.
Learn how to use stop losses and utilise them to your benefit.
Constantly do your own research on forums such as Reddit and Bitcointalk.
If the market conditions / sentiment is positive, increase your % of potential profit. Likewise, if the market goes sideways, decrease your % and limit your trades
For beginners or for individuals who are not familiarised with taxation of trades, it’s best to trade pairs with stable coins such as Tether (USDT).
Continue to improve your trading knowledge constantly.
That’s it folks. If you made it until here you have completed our Cryptohopper Review. All in all, I like Cryptohopper and I believe in its potential. There are, however, other trading bots that I may choose over this one for particular reasons, all of which will be analysed in future posts.
After the last bull market of 2017, many investors educated themselves enough to go out and purchase hardware wallets to store their coins off the cryptocurrency exchanges. And yet, you still seem to think that paying for a hardware wallet can wait. There must be other ways, right? Today, you are in luck! In this article we are going to teach you how to make a bitcoin paper wallet.
A bitcoin paper wallet is a randomly generated public and private key printed together, ready for you to print.
Paper wallets are offline wallet. They are mostly referred to as “cold storage” (very secure storage that does not make contact with the internet). These wallets, however, do have some important differences that make their usage a matter of debate, which we will analyse further bellow.
As you, probably, already guessed, paper wallets are made out of paper, although depending on the printer you use and the durability you are looking for, they could also be printed on plastic, metal or even get laminated (cool idea for a gift huh?
As you can see on the picture above, the printout one develops through a paper wallet generator includes the Public Key (SHARE) and the Private Key (SECRET).
Very important: Never share your private keys with anyone! Only share your public bitcoin address.
You could just copy and paste the keys on a Word document and print them out (deleting you history and any copy of the file subsequently). You could also make use of the free online services that generate a Bitcoin paper wallet for you (more on that bellow). Make sure, however, that it is not saved on your computer or smartphone.
Many Bitcoin paper wallet web services have a fancy design that you can turn into an art piece through cutting, folding and sealing. This way, the wallet becomes not only secure, but also an opportunity to practise your crafting skills.
After generating and printing the wallet, you can now send your Bitcoin to the public address presented on the wallet, and then store it in a place no one will ever care to look (I can think of some ideas!).
What makes your Bitcoin paper wallet the most secure of all options out there, is that they are totally offline (not connected to the internet in any way). They are not reachable by cyber criminals or hackers and there is no other party that may limit the control you have over your coins. Therefore, as long as your Bitcoin paper wallet is secure, your Bitcoin is secure too.
But you need to be really creative with your hiding place. See, there is nothing to protect you if someone finds your paper wallet. Someone could take it, spend all its holding and return the paper back to its original place, so you could never know who did it. This is by far the most important security drawback that Bitcoin paper wallets have.
One option to help you solve this is to fold the paper where your private keys are and seal the fold with a seal that cannot be broken or removed. These seals are usually called “tamper evident seals” but by the time you read this there may be even more “crypto specific” sealing methods that work better. Make sure the seal not only hides the private keys from plain sight but also if held under special light which can read the layers bellow
Then, you also need to think about natural disasters. What if your secret hideout gets flooded or catches on fire? what about an earthquake? Many people will tell you to keep your paper in the freezer , or in a plastic bag. I will share with you what I personally did:
I printed the wallet on a piece of paper. I then laminated that paper into hard plastic to protect it from ink fading and possible water exposure. Finally, I wrapped the laminated paper wallet in aluminium foil to protect it from fire. Simple, cheap and quick.
And don’t worry if you have your paper wallet hidden somewhere that is very unconventional to reach. As long as you have your public address, you can always check your balance online. And when the time comes, most online wallets will give you a full tutorial on how you can withdraw your paper wallet holdings.
Our favourite Bitcoin paper wallet generators:
Bitcoinpaperwallet is by far the best paper wallet generator if you want to gift a (hopefully loaded) paper wallet. Its an awesome idea as a Christmas present, a birthday gift or simply a kind gesture. The website also provides you with the tamper-evident seals that I mentioned above.
Mycelium provides an alternative and possibly more secure method to create a Bitcoin paper wallet, with the assistance of a USB which is plugged directly into your printer. The USB will generate a paper wallet through its random algorithm sequence, which gets printed out automatically, without the need to even visit a paper wallet generator website.
So go ahead and create your own Bitcoin paper wallet. It is not only free and secure but also an activity that could awake your inner creativity!
We talked about mining Bitcoin from your pc, but surely, this isn’t the only and definitely not the easiest coin to mine. At least, without losing an arm and a leg, by investing in fancy hardware ASICs and powerful machinery. So in this article I wanted to discuss the easiest coins to mine, ones that would perhaps be great for beginners and easy enough to get started with, at least.
Whilst the ‘’easiest coins to mine’’ might sound just picking the most common coin options and mining them, there really are more factors you should be looking at, when choosing the right ones.
Things like the difficulty to mine can be determined by researching the right places – it will also show you which coins are better to mine for you, depending on the mining hardware you use (GPU vs ASIC). Your research should also show you the most profitable coin to mine, based on the block rewards.
Then there is also the recognition of the coin, which basically tells you how big your competition is and what are the chances of you successfully mining with a profit too.
Bet you have heard of mining from your phone. And guess what – you’ve heard right! Before we jump into the list, I have to give props to how fast this industry has developed really.
Electroneum is probably on of the easiest coins to mine, however I haven’t directly included this in my TOP 5, just because, well, there is no other coin easier to mine than this. The team behind Electroneum, who formerly worked for Monero, don’t shy away from their ambitions. Intended to become the most decentralized cryptocurrency in the near future, you just so much as need a smartphone and a good connection to mine.
So the reality is – ETN is probably THE easiest coin to mine, because all you need to do is download the application on your phone, register and start mining. Safe to say, it doesn’t quite have any competition as of now.
But lets not get too far ahead and say you do want to use your PC and have invested in a GPU to mine. Here would be some of the easiest coins to mine for you:
If mining is something that has been on your mind, you have most likely also heard of this particular coin. Monero is one of the top privacy coins out there. The reason we placed it at numero uno in this list, is because it is the most profitable to mine, without needing a fancy ASICs hardware. You can use your PC and still reach a good profit over time.
In order to mine Monero, you will have to first make sure you have the mining software, which supports Monero. Then, also make sure you have the wallet to match – Monero GUI client.
This coin initially started out as a joke, its fan base and current marketcap definitely isn’t one though.
This definitely is one of the easiest coins to mine, as it can be done from just your CPU. Investing in additional graphic cards is always advisable, however not necessary.
You will need to get yourself a Dodgecoin Core Wallet, to store your coins, albeit the software you need can be any general CPU mining software. It also doesn’t eat up lots of energy, so it can mine in the background of whatever else you are doing. Easy enough, right?
As easy as the other two previous coins, Bytecoin proves to be simple to mine too. However, the returns might not be what you expected initially, therefore solo mining might not be the answer when it comes to Bytecoin.
Joining a mining pool would be the best option here. Join in and have a happy mining!
An easy and convenient coin to mine, since it has been specifically designed to resist ASICs mining. So for those who don’t want to overcomplicate mining, this might be a great option to start with.
You’ll need to first to join a specific miner of Vertcoin, which you can find here. Further join a mining pool, depending on your computing power and go ahead with mining Vertcoin!
Yet another privacy-based cryptocurrency, Zcash is also designed to be ASIC-resistant, much like Vertcoin. It would still be profitbale to mine Zcash, even without all the fancy hardware investment, and of course, easy enough because of that.
What’s even more intriguing is that the legendary former NSA agent Edward Snowden, has got the likes for this coin and has even commented on its privacy properties being ‘unique.’ Quite the recognition, huh?
So there you have it! Mining might sound challenging at first, but it doesn’t have to be! Using your good old PC and maybe investing in an additional graphics card would be all you need to try out mining. Unless you ain’t got time for that – whip out your trusty smartphone and get on with ETN, you really don’t even have a good excuse anymore. And who knows – you might even get good at it!