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The world’s biggest cryptocurrencies are a very popular choice for many traders and investors, Ripple is no exception. As of now, XRP is ranked as the third most valuable coin by market cap and it attracts millions of traders and investors around the globe. In general, trading cryptocurrencies is risky and one should approach it always with caution. To save you from the prospect of losing money when trading Ripple, I recommend opening a free Ripple (XRP) demo account. Such an account is a perfect solution for people with inadequate experience. In today’s article, we will give you a list of popular brokers that offer Ripple trading on a free demo account. With it, you can also expect information for what purposes you can use this account.

Where to open a Ripple (XRP) trading demo account

Almost all cryptocurrency brokers feature on their trading platform Ripple. That means you can pick from the top brokers on the market and be almost absolutely certain, XRP will not be excluded. The brokers we have selected for this list are regulated by the European regulator CySEC and have a very solid reputation. Each cryptocurrency broker is unique, distinguishing in fees, a trading platform, minimum deposit et cetera.

Rank Broker Regulated a regulated company complies with the requirements of regulatory bodies such as the European CySEC or the British FCA Expert ratings Expert ratings are based purely on reviews and experience of our visitors and our team members Min. deposit Cryptocurrencies
4.8Read a review $100 BitcoinBitcoin CashBitcoin GoldDashEthereumEthereum Classic LitecoinRipple MoneroStellar Visit
4.6Read a review $200 BitcoinBitcoin CashEthereumEthereum ClassicLitecoinRippleIOTADashEOSCardanoNEOStellar Visit
4.5Read a review $100 BitcoinBitcoin CashEthereumLitecoinRippleIOTAEOSMoneroNEO Visit

General warning: Between 65-84.94% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money.
The comparison above doesn't cover all brokers out there. We might be partners with some of the listed companies


None of the brokers from the list above requires a deposit to open a ripple demo account. The demo account can differ from broker to broker in the amount of starting chips or in the possibility of refilling the account balance. If it gets down to such situation, one can always simply open a new one and start trading again with new chips. All brokers featured in the list offer mobile trading apps for your convenience to trade wherever you are.

Why one should open a Ripple practise account

Each trader will have different reasons for opening a cryptocurrency trading demo account. From our own experience and experience of our readers, we know these include:

  • To familiarise yourself with a trading platform of the broker. Each platform is different and if you are to trade there with your real funds you want to know what features will be at your disposal.
  • To get the touch of cryptocurrency trading with your own hands. It’s a great necessity to have a background knowledge about Ripple, its technology, development team, plans for the future et cetera, but nothing can replace the experience of being in the market and trading it.
  • To find price patterns that frequently occur on the market and develop a trading strategy
Risk-free XRP trading – Conclusion

An XRP demo account can be used also for trading other cryptocurrencies, you do not, of course, have to open separate accounts for trading each cryptocurrency. If you plan to explore trading other coins, make sure a crypto broker you chose to trade Ripple has them in its offer as well. This account type is not designed exclusively for newbie traders who lack trading knowledge, but also for veterans who want to test broker’s platform or strategy and do not want to risk their capital while doing it.

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The card industry leaders – MasterCard and Visa decided to crack down on unregulated forex, CFDs, Binary Brokers and ICOs. This comes as a welcoming surprise for regulated brokers who have to deal with new stricter ESMA rules that the European regulator introduced this summer. From now on brokers and ICO issuers will have to play by the rules and provide services only in jurisdictions for which they hold appropriate licenses. MasterCard’s rules are already in place from this Monday. VISA has announced that they will force the same measures from the 1st of December.

What does it mean for unregulated brokers and ICOs?

Starting from the 12th of October every payment processor who is processing the transactions of a high-risk securities merchant must demonstrate to Mastercard (and from the 1st of December to Visa) that adequate due diligence has been applied. Brokers and ICO issuers will be required to present evidence of legal authority to operate in a given jurisdiction. If they fail to do so, the payments will not be processed.

Good news for scammed traders and investors

For people who already made a deposit to an unregulated broker via credit card, these two card providers bring more good news. Clients can make a chargeback on their payment for up to a year and a half (540 days) after the date of the transaction.

Conclusion

This is good news to the industry that could possibly limit the number of unregulated companies and scams that do whatever they want without any restrictions. While such entities will now probably convert to bank wires and other alternative payment methods, the number of people who makes a deposit via these two card providers is so huge that it could significantly limit the number of people who decide to trade with an illegally operating company. The likelihood that the other major card issuer will not follow these two huge card providers is very small.

Source: financemagnates.com (1), (2), (3)

 

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The third most valuable cryptocurrency, Ripple, has increased its value in the last 24 hours by over 51%. XRP has now over 21 billion dollars market cap and is very close to overthrowing the world’s second-biggest cryptocurrency, Ethereum, and taking its place (ETH has currently market cap 23 billion dollars). The reason for such a surgical increase in price is probably due to a new feature that Ripple has announced this Monday to CNBC.com (see the article). This feature should help banks to speed up transactions while using Ripple.

Source: https://tradingbeasts.com/crypto/

For example, a bank might want to process a transaction from U.S. dollars to Indian rupees. According to Ripple, this process requires pre-funded local currency accounts in order to take place. With xRapid, Ripple claims that process would be sped up by converting the U.S. dollars into XRP tokens, to then move the money overseas, converting it back into Indian rupees at the other end.

Ripple has now partnerships with more than 120 banks and financial institution. Sagar Sarbhai, Head of Government & Regulatory Relations, APAC & Middle East at Ripple, said to CNBC the following: “I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production”.  When it comes to cryptocurrencies and adoption of the blockchain technology, everything takes a lot of time. With this statement, it does, however, not seem so true. That is the probable cause of why ripply is up by over 51% in the last 24 hours. The expectations are currently very high so if you want to take advantage of this opportunity when trading or investing, be careful.

Update to 16:50 – Ripple just became the world’s second most valueble cryptocurrency in the world and has risen by over 75% in the last 24 hours

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4.8
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4.5
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4.1
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3.3
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General warning: Between 65-83,5% of retail investor accounts lose money when trading CFDs.
The comparison above doesn’t cover all brokers out there, we might be partners with some of the listed companies

Treat failure as a lesson on how not to approach achieving a goal, and then use that learning to improve your chances of success when you try again. Failure is only the end if you decide to stop.

Richard Branson
British billionaire and bitcoin proponent, Virgin Galactic
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  • September 14, 2018
  • Posted by: Michael
  • Category: Cryptocurrency trading, Glossary
The Mystery of Satoshi Nakamoto

In case you haven’t heard of him, Satoshi Nakamoto is considered to be the genius of the cryptocurrency world as he is the creator of Bitcoin.

It has been ten years since he first disclosed his intentions of creating Bitcoin and blockchain to the professional community and, yet, his identity is still a mystery. It was on November 1, 2008, when the Cryptography Mailing List subscribers received the following message:

“I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party.”

The brief message included a link to the eight-page Bitcoin white paper. The white paper featured a proposal for the creation of a unique payment system and an online database – Bitcoin and blockchain. The message was sent by a mysterious man Satoshi Nakamoto whose identity hasn’t been revealed to this day.

The Bitcoin Creator

People love mysteries and the enigma of the Bitcoin creator is a good one. The only clues left by the man going by the name of Satoshi Nakamoto are his birth year and origin. He was allegedly born in 1975 in Japan.

Up until 2011, Satoshi was very active in the community and interacted with his supporters via electronic mail and the Bitcointalk forum. However, in April 2011, he vanished confident he was leaving the project and the source codes in “good hands”.

Since then, people keep trying to figure out who Satoshi Nakamoto really is and whether he is really a single person or a group of professionals.

The Many Unproven Theories

Although it is clear that Satoshi Nakamoto does not want his identity to be revealed, many people fascinated by the man want to solve the mystery. Accordingly, numerous theories sprang up in the past few years.

In 2014, the Newsweek magazine published a photo of an older man called Dorian Satoshi Nakamoto. It was the name and the profession of mathematician and IT specialist that caught the attention of the Newsweek editor. However, Dorian denied any connection to the Bitcoin creator.

Another person associated with Satoshi Nakamoto in 2015 was a businessman Craig Wright. Craig did not reject the connection and he even tried to feed the rumours himself.

Finally, many people believe Nick Szabo could be the real man behind Bitcoin. The American of Hungarian origin came up with an idea of a cryptocurrency called Bit Gold sometime before Bitcoin. He allegedly published a detailed concept on his blog at the end of 2008. However, there is some evidence suggesting the text might have been written as early as 2005.

The concept of Bit Gold described on the blog is surprisingly similar to the contents of the Bitcoin white paper. Even the linguistic analysis indicates a noticeable likeness of the two texts written by Szabo and Nakamoto. Unlike Wright, Nick Szabo denies any claims about him being Satoshi Nakamoto.

In spite of many theories, the identity of Satoshi Nakamoto still remains a mystery. The unwillingness of the Bitcoin creator to reveal himself is only understandable as he is likely to be a wealthy man in the world of Bitcoin.

Author: Michael
Hi, I'm Michael and my area of expertise is forex and cryptocurrency trading. I specialize in technical analysis, namely in chart pattern setups. I educate traders of all levels and I believe that prerequisite to successful active trading is always knowing risks of the game. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications. I do not give investment advice, but for general inquiries please use the comment section under any article.
Broker of the month
September 2018
1 Visit nowReview

CFD Service. 65% retail clients lose money
Provided in collaboration with eToro.com



Top 5 Crypto brokers
1
4.8
Visit nowReview
2
4.5
Visit nowReview
3
4.3
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4
4.1
Visit nowReview
5
3.3
Visit nowReview

General warning: Between 65-83,5% of retail investor accounts lose money when trading CFDs.
The comparison above doesn’t cover all brokers out there, we might be partners with some of the listed companies

Treat failure as a lesson on how not to approach achieving a goal, and then use that learning to improve your chances of success when you try again. Failure is only the end if you decide to stop.

Richard Branson
British billionaire and bitcoin proponent, Virgin Galactic
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Among some cryptocurrency investors live a big lie claiming that cryptocurrencies are a synonym for anonymity. We, however, know that this rumour is a big misconception as most cryptocurrencies keep transaction records on the blockchain that can be with proper resources easily tracked. That being said, there are coins with prime focus on anonymity that will keep your identity and transactions concealed. Here are the 5 top anonymous cryptocurrencies used by people who want their identity to stay hidden.

Monero (XRM)

Without a shadow of a doubt, Monero is the number one coin when it comes to anonymity. This cryptocurrency is often regarded as the Drug Dealer’s Cryptocurrency of Choice as its privacy is so well protected that it is virtually impossible to track its users. To achieve the best possible anonymity, Monero stealths addresses of the senders by grouping it with over 100 other transactions. Additionally, it uses a technique called “ring confidential transactions“ which automatically hides the amount of every transaction.

Dash (Dash)

The first privacy-centric cryptocurrency, Dash, uses coinjoin system called PrivateSend to secure the anonymity of its users. This system mixes transactions of multiple users and makes them look like one single transaction. It is, therefore, hardly possible to find out who send what amount or to whom. But as it is discussed at reddit.com, Dash has very far from achieving the same level of anonymity as Monero has.

ZCash (ZEC)

ZCash offers an optional feature called Zero-Knowledge Proof that hides transaction information. Unlike Monero, this anonymity tool has to be activated and does not apply automatically. ZCash approach anonymity from a different perspective. While the number one anonymous coin, Monero, makes all the addresses and send amounts visible, but makes virtually impossible to track who owns which address or to whom one is sending XRM, ZCash hides all transaction information.

Verge (XVG)

When we talk about cryptocurrencies with a strong emphasis on users’ anonymity we definitely have to mention Verge. Unlike most coins that focus on anonymity, Verge does not only mask transaction information but also IP addresses of its users. To do that it uses TOR and I2P services that stealth user identity and his location.

PIVX

The name of the cryptocurrency PIVX stands for Private Instant Verified Transaction. Being the fork of Dash, PIVX offers most features as its forerunner. PIVX is the first proof of stake cryptocurrency that has implemented Zerocoin protocol which unlinks sender and receiver from each transaction to secure complete privacy. The cryptocurrency developers currently also work on deferred broadcasting which would mean that the transactions could first go through a tiered (delayed) pre-broadcast phase instead of being broadcasted unilaterally across the network.

Conclusion – 5 Most anonymous cryptocurrencies

If you are concerned about your privacy you should give a chance to one of the cryptocurrencies we have mentioned today. My most favourite anonymous cryptocurrencies is Monero as it has probably the most cutting-edge technology features to hide the identity of its users.

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Any cryptocurrency investor and trader needs to keep track of the cryptocurrencies he owns, otherwise, he would have no idea which coins are carrying his portfolio and which ones are taking it down. While cryptocurrency exchanges offer their own environment to manage and track your coins it is most of the time insufficient. The crypto exchange platforms lack most of the functions that crypto portfolio trackers have and are necessary for us to properly monitor our coins. To have a good track of your beloved Moon coins – here are 5 ways to manage them (2 website trackers, 1 excel tracker and 2 mobile applications).

CryptoCompare – Ridiculously easy to use

One of the most popular crypto portfolio trackers is cryptocompare.com. Their crypto manager is very simple and you will get yourself familiarized with its interface in a matter of a few minutes. There are 2 ways how to add your coins to your cryptocompare portfolio, either you connect your crypto wallet to their application or you add your coins manually. If you choose the latter, you will be requested to enter there the information when you bought the coins and at what price. This tool is a perfect combination of a simple interface with some advanced features, sufficient for both beginner and advanced traders.

Price: free of charge (some functions are still in beta testing, in the future only available to subscribed users)
Website: https://cryptocompare.com

CoinTracking – A great way to track your trades
Introducing CoinTracking.info - Your Portfolio Monitor and Tax Calculator for all Digital Coins - YouTube

CoinTracking.info is another great crypto portfolio tracker. If some of the functions would not be accessible only to upgraded accounts (a small fee is required) we would definitely rank it as the number one choice. This website is especially good at tracking the performances of trades. There are 3 options how you can add or import your past trades. 1# You can add each of your transactions manually. 2# You can use CSV exchange import. 3# You can connect your CoinTracking account to your crypto exchanges (the best choice as whenever you make a new trade it will show up in the statistics automatically). CoinTracking excels in the number of functions it has and offers. You can make a report of your balance by day, by exchange, by currency, trading fees or you can even create a tax-report.

Free plan: max. 200 transactions
Pro plan: max. 3500 transactions
Cost of the pro plan: 0,012 BTC for one year / 0,019 BTC for two years / 0.039 BTC for a lifetime
Website: https://cointracking.info

Excel Crypto Portfolio Tracker

If you do not want to use website trackers and you are looking for a simple free solution to keep track of your coins, give a shot to good old Excel. This software has all functions that one needs to properly monitor any crypto portfolio. You can create either your own Excel spreadsheets and graphs or you can download someone else’s. I found at reddit.com in one thread a great crypto portfolio tracker that draws live data from the CoinMarketCap API and refreshes on demand. The author gives it for free so feel free to test it and see whether it meets your requirements.

Price: free of charge (if you already have Excel)
Link to Reddit portfolio: Click to visit

Blackfolio – The most popular mobile portfolio tracker

Blackfolio is with over 1 million downloads one of the most popular cryptocurrency portfolio trackers for mobile phones. Its interface is very intuitive and smooth. Not only you can track with this application over 3 000 coins from one place, but you can also create alerts for any cryptocurrency. Whenever the coin hits your predetermined price level, you get alerted. Once you enter the data about the trades you closed in the past with the information when you bought the coins and at what price, you can monitor your profit/loss on graphs. One can also display balance in over 30 fiat currencies or in popular cryptocurrencies (BTC, ETH…). The application is available for iOS as well as for Android.

Price: free of charge
Play.google.com: Link to download, Rating: 4,7/5
itunes.apple.com: Link to download, Rating: 4,7/5

Delta – The ultimate mobile portfolio tracker

Blackfolio on steroids, that is how the Delta application is depicted in the reviews on Google Play. To be honest I quite understand why as I fell in love with this application in a matter of a few seconds. Delta has an incredibly clear and modern design with many advanced features. To have all your trades on your Delta app, you can connect it to your crypto exchange from which it will download the data about your trades. Alternatively, you can add them manually. Unlike Blackfolio, Delta has portfolio and watchlist on different pages, which improves navigation in the application. A sophisticated coin analysis chart, as well as price alerts, are available for all trading pairs.

Price: free of charge
Play.google.com: Link to download, Rating: 4,7/5
itunes.apple.com: Link to download, Rating: 4,8/5

Summary – Cryptocurrency portfolio trackers

Each crypto investor and trader is looking for different functions or interface, that is why I cannot explicitly say which cryptocurrency portfolio tracker is the best. Requirements that I have from a portfolio tracker are met by all 5 choices above. Do you use one of these crypto portfolio trackers? Or you have some other alternative? Share your opinions in the comment section below.

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Cryptocurrency trading is more popular than ever and a huge number of investors are looking to jump on the crypto hype to make easy money. But it is very important to understand that crypto trading is no get-rich-quick scheme as most people think.

As a beginner cryptocurrency trader, you have to do your research to be positive about the cryptocurrencies you choose to invest in. You most definitely do not want to put your money into something that you do not believe in. In this article, I am going to examine all the necessary steps you should take as a crypto beginner. However, in the end, it is up to you to take them. But first, let’s start with some basic facts about the cryptocurrency market.

Cryptocurrency market is open 24/7

Unlike fiat currencies, cryptocurrencies can be traded 24/7. Trading volume differs during the day as traders from different countries enter the market at a different time. These changes have, however, a very low significance.

Crypto market is very volatile

The cryptocurrency market can skyrocket or fall down even by tens of percent in a matter of minutes or hours. It is completely different from stock or classic forex markets and it is important to realize that investing in cryptocurrencies puts your capital at high risk. The crypto market is probably the most welcoming one, even for beginners. Nevertheless, you still need to understand that the huge price spikes cryptocurrencies experience on a regular basis do not always bring a desired profit. In fact, they can also have a devastating effect on the investors’ capital. Now, I am going to teach you how to significantly reduce the risk. However, you always have to be aware of the crypto market volatility.

1. Find a broker where you can trade cryptocurrencies

Searching for the best crypto broker is not an easy task. There are many crypto companies and their offers vary. The main aspects you should consider when choosing a broker are following:

  • Trust & Regulation

If you come from a European country, the broker should be regulated by the CySEC, a regulatory body which oversees all the broker’s activities. They also provide full deposit insurance up to 20 000 dollars. Investors from Australia should be looking for brokers with ASIC license.

  • Fees

The less you pay in fees the more you can earn. So it’s only logical to find a broker with the lowest fees possible. Most brokers charge an amount equal to a spread for opening a position. A spread is the difference between what you pay for a cryptocurrency coin and what you get when you decide to sell it to the broker. Apart from that, many brokers charge a swap when you stay in a position overnight. Such brokers are usually best for day cryptocurrency trading and brokers with no swaps are best for a long-term holding.

  • Cryptocurrencies you want to trade

If a broker does not offer cryptocurrencies you desire to trade, there is no point in creating an account. Therefore, do not forget to check whether the company of your choice offers all the cryptocurrencies you plan to trade.

  • Leverage

Leverage can help you benefit from small price movements of cryptocurrencies. It is a very powerful tool when used by professionals, however, beginners should only use it with great caution or not at all. Fortunately, the cryptocurrency market is volatile enough to make a good profit even without it.

TOP 5 Rated Cryptocurrency Regulated Brokers on our web
Rank Broker Regulated a regulated company complies with the requirements of regulatory bodies such as the European CySEC or the British FCA Expert ratings Expert ratings are based purely on reviews and experience of our visitors and our team members Min. deposit Special features Advantages of the company over its competitors Cryptocurrencies
4.8Read a review $200
  • No. 1 Social and investing platform
  • Prefered choice for long-term investing
BitcoinBitcoin CashEthereumEthereum ClassicLitecoinRippleIOTADashEOSCardanoNEOStellar Visit
4.5Read a review $100
  • Free demo account
  • Tight spreads
  • Long-established company
BitcoinBitcoin CashEthereumLitecoinRippleIOTAEOSMoneroNEO Visit
4.3Read a review $10
  • Wide range of cryptocurrencies
BitcoinBitcoin CashBitcoin GoldDashEthereumEthereum Classic LitecoinRippleZcashOmisegoTronQtum Visit
4.1 Read a review $100
  • Competitive swap rates
  • Tradable against EUR
BitcoinEthereumLitecoinRippleDash Visit
3.3Read a review $100
  • Fully supports 20 languages
BitcoinEthereumLitecoinMonero NEOIOTAZcashRippleDash Visit

General warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65-83,5% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
The comparison above doesn't cover all brokers out there. We might be partners with some of the listed companies

2. Select your cryptocurrency

If you haven’t chosen the cryptocurrency you want to trade, now is the time. Selecting a digital coin with the highest potential is a very important step. You do not want to choose a cryptocurrency you don’t have faith in. When you do your research about cryptocurrencies, there are several things you should look for:

  • Infrastructure (App development, Cloud storage, Virtual Private Networks, funding, etc.)
  • Technology (Quick transaction process, firm and easy to use UI that is easy to adopt, etc.)
  • Development team (Skilled and experienced, solid amount of developers, etc.)
  • Growing popularity (Rising demand for the cryptocurrency, more people using it, media coverage, etc.)

These are the most important general rules when determining a cryptocurrency’s potential. Some of them are more important than others, but the cryptocurrency you select should meet at least 3 of these criteria.

3. Determine where the price is. Is it low or high?

Is the price now at its 45-week low? Or is it at its maximum? You probably know the saying “buy low, sell high”. Let me show you a great example of what I mean on the Ethereum chart which displays the price movement from the beginning of the year 2017 to 12.6.2017.

Wow, that looks really great, doesn’t it? That seems like a really good investment to make…Until…

The price went down to half in a one-month time. It is definitely true that there might be situations when a value of a cryptocurrency with a good technology, funding and media exposure keeps rising for a long time. However, such investments are very risky for beginner traders because it is hard to determine how long the growth can last. We surely do not want to end up chasing highs and go with the excessive optimism when it actually is the only thing pushing the price up.

4. The best way to approach crypto trades not only as a beginner

One of the best investors of all time, Warren Buffett, once said:

Be Fearful When Others Are Greedy and Greedy When Others Are Fearful

And this is a great way to approach the cryptocurrency market. Are others dumping coins for a relatively low price? Great! It might be a good time to buy them. Is the market optimism fake? Well, now might be a good time to lock in those profits and get out of the trade safely.

5. Determine your target sell price

Traders buy coins of a cryptocurrency when they consider it’s price to be low. Now, once you are in a trade and the price goes up, you have to think about the best time to get out of the trade (if you speculate on the price growth). You do not want to hold onto it until the end of days. The best time for leaving is when the prices are going too high and the investors are getting carried away. One way to determine this moment is by asking yourself “Do I honestly believe the coin is worth more?”. If you think that there is currently no more space for the cryptocurrency to grow, it is time to get out of the position.

6. What affects the price of cryptocurrencies

There are many fundamental influences that can drive the price of cryptocurrencies down or up. The main of them are as follows:

  • Government Regulations

Whenever any government makes a public statement about the regulation of a cryptocurrency, the market always reacts to it. Do you remember when China banned ICOs? The price of Bitcoin and other cryptocurrencies dropped down rapidly. Therefore, it is very important to keep an eye on such events, whether you are a beginner or a skilled trader.

  • Media exposure and other influencers

Generally, cryptocurrencies gain in value when they receive a positive media exposure. It is simply because more people are interested in buying the coins. There are also individuals who can influence the price of cryptocurrencies. Such people are usually extremely well-recognized in the field of finance and investing. So, when the CEO of the biggest American bank J.P. Morgan – Jamie Dimon publicly stated that he thinks that Bitcoin is a fraud that will eventually blow up, it was no wonder that the Bitcoin market took a big hit. Because of this statement, J. Dimon received many negative comments suggesting that his statements were intended to manipulate the price of Bitcoin.

  • Wider Mainstream Acceptance, New firms backing up the project

Has just Amazon, eBay or other huge international firm announced that from now on they will accept payments in Bitcoin? Great! You probably know what that means for the market… Similarly, when big companies like Microsoft, Intel or others provide their name and finance, it is another reason for the price to go up.

  • Technological Changes and Innovations

With every new technological change, there is a high chance that it might significantly affect the price of a cryptocurrency. For example, if a new security protocol that will make the cryptocurrency even more reliable, secure and scalable is scheduled to be released, it might induce a positive response of the market.

  • State of other markets

It should be no surprise that cryptocurrencies react to other markets’ developments as well. In the past, cryptocurrencies tended to benefit from crashes of other markets. Gold and Japanese yen are no longer the only instruments categorized as the safe havens investments.

Test crypto trading on a FREE Demo
Test crypto trading on a FREE Demo

Risk-free cryptocurrency trading on an unlimited demo account that can be created within a couple of seconds? No problem!

Check out more awesome crypto related articles
Check out more awesome crypto related articles

Tips for trading cryptocurrencies, day trading like a pro, holding techniques and much can be found in our crypto section.

SEE Live Crypto Prices and predictions
SEE Live Crypto Prices and predictions

Want to monitor live crypto prices? Our check out our price predictions for the following months and years? Proceed by using the link…

Author: Michael
Hi, I'm Michael and my area of expertise is forex and cryptocurrency trading. I specialize in technical analysis, namely in chart pattern setups. I educate traders of all levels and I believe that prerequisite to successful active trading is always knowing risks of the game. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications. I do not give investment advice, but for general inquiries please use the comment section under any article.
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Hodly is a cryptocurrency wallet where investors can buy, sell and securely story top cryptocurrencies. This wallet was launched as a side product of IQ Option, industry’s well recognizable regulated broker where over 20 million traders have created their account to trade Forex, options and CFDs. In this Hodly review, we will introduce all the cryptocurrency wallet features.

Hodly wallet (english) - Vimeo

Hodly – Main features from which investors can benefit
  • Ability to keep, buy or sell major cryptocurrencies with a bank card in just a couple of clicks
  • Simplified verification process that only requires an ID (ID verified within 15 minutes).
  • Two-step authentication for even more protection
  • Instant and free transfers between Hodly users
  • Smart feed with the latest trends and up-to-date cryptocurrency prices
  • Encrypted offline storage for cryptocurrencies and users’ personal data
  • Wide selection of cryptocurrencies that is still growing
  • In-app chat where Hodly users can connect with each other
  • 24/7 support service
Is Hodly safe?

Security is crucial when it comes to storing cryptocurrencies and we all know that the most secure place to store them is offline. This option might seem for some as too difficult or too expensive (you have to purchase hardware wallet and the good ones, like Ledger do not cost less than 100 €). Hodly, however, takes care of this hard work for you and they store 80% of all your funds offline.  Apart from the offline storage, they implemented on their platform 2-factor authentication security system that will make sure that your cryptocurrencies are safe and available only to you. This feature will send you a pin code to your phone whenever you will want to access your Hodly wallet. Hodly really does go above and beyond with security, leaving nothing to chance.

Buying cryptocurrencies with Hodly

In order to buy any cryptocurrency they offer, you have to open an account. Once you do that you can directly buy with fiat your currencies desired digital coins. Currently, they offer BTC, ETH, XRP, BCH, LTC, ETC, BTG, ZEC, OMG, NEO, OTN, XLM, TRX. The minimum deposit is $10 and the maximum is $100,000. With Hodly wallet you can store all your cryptos in one place.

Buying cryptocurrencies instantly is possible either by a bank card or by using Netteler, Sofort or WebMoney.

Live chat with customer support and other traders

As you probably know, reaching customer support at a crypto exchange is usually very difficult and frustrating. At best, you get a reply to your questions within a couple of working days. With Hodly, however, you can have answers to your queries in a matter of seconds. They state that the customer support can be reached out on live chat 24/7. We did a quick test and contacted them on Saturday at 10 PM (GMT) and it was proved to us that this is actually true. One of the Hodly employees answered to us in about 1 minute. Apart from being in touch with their support team, you can also have discussions with other traders on the platform. Traders use this feature to share their ideas about what coins to buy, when to buy or sell them and similar things that are related to crypto investing. While the Hodly support team can be contacted without the need to make any deposit, a chat with other investors requires a trading volume of at least $300. That is probably so that some people who never invested any money in crypto wouldn’t write there unsophisticated information.

The Hodly mobile app

The Hodly cryptocurrency exchange also has in its pocket a mobile app. This application is available for iOS as well as for Android. I downloaded the app to my mobile so I could test it in practice. The user interface looks really smooth and modern. Positive comments can be also said about its usage, which is very plain and simple. Buying and selling cryptocurrencies can be done on the mobile app in a couple of clicks as well. While some people might enjoy the conveniency of having an access from a mobile phone to all cryptocurrencies offered by Hodly, others might appreciate the news feed feature that can be used to monitor live crypto prices. The Hodly smart feed collets publications from renowned portals like Bitcoin.com, coindesk.com or globalcoinreport.com.


Average rating Hodly

Author: Michael
Hi, I'm Michael and my area of expertise is forex and cryptocurrency trading. I specialize in technical analysis, namely in chart pattern setups. I educate traders of all levels and I believe that prerequisite to successful active trading is always knowing risks of the game. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications. I do not give investment advice, but for general inquiries please use the comment section under any article.
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  • April 9, 2018
  • Posted by: Michael
  • Category: Cryptocurrency trading

Trading conditions on the cryptocurrency market are rarely different when moving from a demo account to a real account. However, there is one thing that changes significantly and that is your mindset, i.e. your trading psychology.

Most of the new cryptocurrency traders start their journey to break the routine and experience something new and exciting with the promise of a good profit. However, the excitement only lasts until they experience their first loss. Some can cope with loss better than others but no one is completely immune to the stress it brings about.

When reality does not meet expectations, anxiety rises and the vulnerability to hasty decisions is much greater. Although keeping emotions from influencing one’s decisions might seem easy, it is, in fact, an issue most of the cryptocurrency traders have to deal with. Thus, it is crucial to understand the two main aspects of the cryptocurrency trading psychology. Just keep reading to find out more.

Keep your expectations real

To stay confident and successful trader you need to know your limits and keep in your “comfort zone“ as stepping out of it can cause considerable distress. It is a fact that the less stressed you are, the better decisions you make and the more successful you become. Therefore, when you start losing your money it is important to stay as calm and focused as possible. Once the panic sets in, you are bound to make strategic mistakes resulting in an even greater loss.

The common mistake those new to the cryptocurrency trading make is letting the panic get to them whenever there is a small problem. Many of them then practice the double up strategy (martingale), meaning they invest a double amount of what they have lost hoping they can get their balance back to where it was. However, not only is this very risky, it just does not work in the long run. As many of the experienced traders say, learning to lose is the first step towards success.

Stay calm and focused

It is hard to get the real feel of the cryptocurrency market environment when starting as a demo account trader. It is the same as playing a poker game not using any real money. There is almost no stress, no pressure, and most importantly no responsibility for one’s actions.

Although cryptocurrency market conditions are no different using a demo account or a real account, users’ behaviour does change when transitioning from one to the other. To stay in perspective, keep in mind that what matters are your monthly results. Shift your focus from small gains and losses to see the bigger picture. In other words, your last trades’ outcomes say nothing about how successful you really are or can be.

Avoid greed and overexcitement

The other thing to watch for is your greediness which often stems from overexcitement over a recent successful trading streak. We can again draw a parallel between cryptocurrency trading and poker.

It is super easy for a poker player to lose control over his emotions and let greed take over when his game leader position seems stable and unshakeable. With a feeling of a complete victory being within his reach, he is overflowing with confidence and starts to take more and more risk. The problem is he forgets about what has made him the leader and that is patience and consistency.

The situation is slightly different when trading, as your success does not depend so much on your luck. Though some may disagree, traders can to a great extent eliminate the luck factor if they stick to their pre-set strategy. Unfortunately, as many as 90% of traders do become overexcited easily and forget about the key principles that have made them successful – business strategy, money management, patience, and most importantly consistency.

Author: Michael
Hi, I'm Michael and my area of expertise is forex and cryptocurrency trading. I specialize in technical analysis, namely in chart pattern setups. I educate traders of all levels and I believe that prerequisite to successful active trading is always knowing risks of the game. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications. I do not give investment advice, but for general inquiries please use the comment section under any article.
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General warning: Between 65-83,5% of retail investor accounts lose money when trading CFDs.
The comparison above doesn’t cover all brokers out there, we might be partners with some of the listed companies

Treat failure as a lesson on how not to approach achieving a goal, and then use that learning to improve your chances of success when you try again. Failure is only the end if you decide to stop.

Richard Branson
British billionaire and bitcoin proponent, Virgin Galactic
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  • March 19, 2018
  • Posted by: Michael
  • Category: Cryptocurrency trading

If you want to be a long-term cryptocurrency investor, you have to learn how to hold a cryptocurrency you own. This might seem like an easy task at first, but it isn’t. Most of you know that cryptocurrencies are known for their volatility but have you put any real thoughts to it? The crypto market can decline for several days or even months. If you want to be a pro hodler you have to learn how to handle this kind of pressure.

How to Hodl - YouTube

HODL – Meaning of the term

This term is used several times in the article, but do you even know its real meaning and origin? If not, hear a story of one of the most intentionally used typos in the cryptocurrency world. It all began in December 2013 when an investor on BitcoinTalk.org wrote a message in which he accidentally made a typo “I AM HODLING”.  Since then, this slang has been heavily used by the crypto community and it refers to “hold on for dear life”.

How to approach holding

Some traders think that if a cryptocurrency was increasing in the last year, it will do the same this year. You should, however, remember one thing. And that is past performances are not a good indication of future results. My tip is, therefore, not to pick a cryptocurrency just on the basis of its past results. A better approach is to make a sophisticated research that consists not only the price history but also cryptocurrency development, plans for the future, mining situation, marketing, regulation etc.

Cryptocurrencies as a store of value

The price of a cryptocurrency is crucial if one focuses on short-term trading. When holding, the current price is quite irrelevant. You want to pick a cryptocurrency that you can confidently hold for a number of years. Whether it’s price decreased or increased by 20% in the last month is not of vital importance. What is, however, imperative is the potential of a cryptocurrency. Does the coin we picked solve anonymity, security or transaction speed issues? If so, there might be a very good market for this. Speaking more generally, if the cryptocurrency has no use and can not help us solve some of our daily struggles, it has no future.

Advantages of long-term holding

Both day trading and long-term holding have their own pros and cons. I see two great advantages from the point of a hodler. Firstly, we have to talk about time efficiency, which is in today’s life extremely important. Unlike day traders, holders save tons of time as their research is done only before a purchase of a cryptocurrency. Once they obtain it, they do not regularly scan the market, whereas day traders have to go through this phase each and every day. Secondly, we have to mention reduced transaction costs. Hodlers save a great amount of money on fees associated with buying and then again selling cryptocurrencies they own.

Holding cryptocurrencies – Different risks

Each and every cryptocurrency is differently risky. Generally speaking, high market cap coins are less risky than the small ones. On the other hand, middle and low cap cryptocurrencies can possibly bring higher returns.

  • Low Risk- no cryptocurrency
  • Moderate Risk – BTC, Ethereum
  • High Risk – middle/low cap coins
Author: Michael
Hi, I'm Michael and my area of expertise is forex and cryptocurrency trading. I specialize in technical analysis, namely in chart pattern setups. I educate traders of all levels and I believe that prerequisite to successful active trading is always knowing risks of the game. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications. I do not give investment advice, but for general inquiries please use the comment section under any article.
Broker of the month
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Top 5 Crypto brokers
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4.8
Visit nowReview
2
4.5
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3
4.3
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4.1
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5
3.3
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General warning: Between 65-83,5% of retail investor accounts lose money when trading CFDs.
The comparison above doesn’t cover all brokers out there, we might be partners with some of the listed companies

Treat failure as a lesson on how not to approach achieving a goal, and then use that learning to improve your chances of success when you try again. Failure is only the end if you decide to stop.

Richard Branson
British billionaire and bitcoin proponent, Virgin Galactic
Read Full Article

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