Making Money From Arbitrage Trading Method.
These days, almost everywhere you turn on social media, there's at least one person talking about the latest cryptocurrency, cryptostrategies,or NFT. But they don’t actually get to the good bit: How to make money from crypto. And what good is all the crypto news you heard, if you can’t benefit from it?
It seems like every month, there’s someone who has made billions from investing in crypto, like the guy who turned $8000 worth of SHIB into $5.7 billion. Even though we regularly get free cryptocurrency from websites and exchanges, I realized something during the process. Showing you how to make money on your own in crypto will go a long way. So today, I'm taking a deep dive into this proven way to secure the bag in crypto!
**Arbitrage Trading**
If you’re looking for how to make money from crypto in the most low-risk way, arbitrage is the best way to do it. Arbitrage is when you buy crypto at a low price on one exchange, move the crypto you bought to another exchange, and sell it there for a higher price.
This opportunity is there because crypto prices have a small difference on different exchanges. For example, the price of one Bitcoin can be $1,000 on one exchange and $1,100 on another. So if you buy it on the first exchange and sell it on the other, you’ll make $100 profit.
**Some Things to Note About Arbitrage**
The profit that comes from arbitrage isn’t a lot because the difference between the price of the same crypto across exchanges isn’t much. You may lose a big portion of your profit to transaction fees so make sure you’re not using a currency like Ethereum and Bitcoin that have huge transaction fees
**How to Get Started with Arbitrage**
For this, you’ll need to sign up on one exchange and another cryptocurrency exchange. Make sure you do your research before picking the exchanges. You’ll need secure exchanges that you can buy and sell crypto instantly on. You’ll also need to make sure that there’s a big enough difference between the prices on both exchanges for the crypto you want to buy. Buy the crypto on the first exchange, then send it to the next exchange and sell it. Withdraw the money plus your profit to your bank account. Go back to the first exchange, deposit again and buy the cryptocurrency again. Repeat the process until you’re satisfied.
Crypto Explained: What is Defi?
If you’re a crypto fan, you’ve probably been hearing a lot about DeFi for the past year now.
It’s understandable. DeFi was relatively unknown for years, and then *BOOM*! It became mainstream in 2020. Data shows that the total amount of money locked in DeFi is now $76.7 billion. Just a year ago, that number was just $900 million. If that’s not growth, then what is it ?
With all the hype about DeFi, we decided to do a deep dive into what it is. Don’t worry, this won’t be some boring speech about money and numbers. *As always, I have got the Olad special – a mixture of information and sweet old vibes*. So, grab a chair, and let’s talk about DeFi.
DeFi – What on Earth is it?
As you can probably guess, DeFi is a short-form word. It’s actually short for decentralized finance.
Without going too deep, DeFi is a system that offers financial services without middlemen.
**Think of it like this….**
Anything money-related requires middlemen. If you want to send money, you’ve got to go through a bank or a payment service. If you want to pay for a cup of coffee with your debit card, VISA or MasterCard makes it happen.
These third parties basically control the transaction. Think about the last time your card got declined or a transfer wouldn’t go through. *It was frustrating, right? We know – we’ve all been there* . Well, that was a problem with your payment service. Third-party services control your transaction and can record your information. They also take their share out of the total transaction value.
**The good thing is that…**
With DeFi, you get to cut these middlemen out. DeFi uses blockchain technology to bring two parties in a transaction together. There’s no one behind the curtain pulling strings or getting a percentage of your money. Everything is open and transparent.
Why DeFi? Because Traditional Finance is Losing its Spark
For the longest time, we’ve all been used to the same financial structure – banks, insurance companies, investment firms, and more. Well, instead of using the same systems that have been in place for generations, DeFi is where the cool kids are at. *Gang, gang!*
**Traditional finance has several disadvantages:**
– It can be slow and costly. Sending money to someone outside the country can take hours – if not days – using a bank. You’ll also need to make currency conversions using the bank’s rates, which are much lower.
– Then, there’s the issue of hacks and security breaches. Most financial institutions store their data in a single place. If hackers can successfully break through this data storage location, all customers’ information is out there for the world to see.
Think of this like putting all your eggs in one basket. If your money is with a bank and they decide to raise fees, they make a terrible investment or go bankrupt, your money’s gone! With DeFi, your money is stored on decentralized networks that are hack-resistant and safe.
– There’s also the problem of access. To open a bank account or an investment account today, you need to provide one document after another – *utility bills, employment proof, identification papers, proof of residence, the list goes on* .
Without these documents, access to financial services is almost impossible to get. With DeFi, however, you don’t need to scramble to get identification or proof. All you need is access to the internet, and you’re ready to roll .
**Types of DeFi Applications**
**Lending:** With DeFi like AAVE, borrowers can access funds much quicker, and they don’t have to go through long credit background checks. In general, DeFi lending services make borrowing faster, cheaper, and open to more people.
**Stablecoins:** Stablecoins (like USDT) are cryptocurrencies with values tied to fiat currencies. They can easily be transferred, and you can convert your cryptocurrencies to stablecoins when the market goes down and you need to run for the hills.
**Insurance:** DeFi can also help people insure their assets on the blockchain. By getting rid of middlemen and sharing risks, insurance will become much cheaper for you.
**Decentralized exchanges (DEXs):** DEXs allow you to trade and send cryptocurrencies without the need for a central authority. They don’t have much maintenance work, so DEXs charge lower trading fees.
Benefits of DeFi
Quick, cheaper transfers since you don’t have to rely on third parties
Flexibility, thanks to smart contracts
DeFi is open to anyone. It doesn’t matter where you are or if you have documents.
Possible Issues With DeFi
DeFi is still new, so many people don’t trust it
Smart contracts can have flaws, so they’re not 100% safe
The State of DeFi
Currently, DeFi is the best thing for most crypto fans. It has grown so much over the past year, and everyone is excited about its future. I will be grateful if The Bitcoin Cash promoters could grab the Defi opportunities to skyrocket the promotion of the coin. 👍
Beyond the security issues, DeFi is facing the same challenge that crypto had when it first began – not many people know much about it. Now, you can count yourself within that group. Doesn’t it feel good?
Cryptocurrency: Security For Philanthropy
For charities, the question of how to demonstrate transparency around donations has long been a problem. A lack of visibility of where the money goes can lead to a lack of trust which in turn leads to a decrease in donations which charities need to help people and to survive. However, some non-profits have found a solution: cryptocurrency. A cryptocurrency is built on blockchain, a distributed ledger technology that certifies records and transactions without the use of a central database.
It cannot be erased or changed. Each block in the chain contains several transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger. This means that transparency is an integral feature. This level of transparency just doesn’t exist in the fiat currency system.
For non-profits, this changes everything: it makes tracking donations easier and gives people unprecedented visibility on how their donations are used. Using cryptocurrency brings other benefits too. Sending money using digital currencies involves minimal costs and is much more efficient. Imagine all the money that has been wasted in the past due to expensive exchange fees and the presence of middlemen.
That doesn’t have to happen anymore, for using digital currencies is so much cheaper than the alternatives. Besides, it is almost instant, meaning the money gets to the people that need it at the right time. Some of the well-known non-profits like UNICEF, Save The Children, and the Against Malaria Foundation are already accepting cryptocurrency donations.
Oxfam piloted using cryptocurrency in disaster recovery in Vanuatu. Around 200 residents were given tap-and-pay cards which they could use to unlock the aid payments to buy food from designated local stores that were equipped with a smartphone to receive the payments. This was a welcome change from the previous cash-based payments that were delayed and hampered by the need for ID checks and bank visits. Blockchain technology can help beyond funding too.
The Indian NGO, Akshaya Patra Foundation, runs the world’s largest mid-day meal program of its kind and started to use blockchain technology to track food delivery to make the process much more efficient.
Earlier this year, we partnered with one of India’s leading NGOs, Child Rights and You (CRY), to give warm clothes, books and art supplies to people in rural communities across Chhattisgarh. In a country like India, unlocking the power of cryptocurrency in philanthropy could have a huge impact. Millennials make up over a third of the Indian population; they are also the most likely to own digital currencies.
They also give the most to charity and care the most about transparency and where their money is going. Adopting a donations system based on cryptocurrency could boost the amount of money given to a charity and so help those who are in the most need. There are a number of misconceptions around digital currencies: some people see them as a get-rich-quick investment scheme or a scam. But the truth is that there is nothing about digital currencies that make them more likely to be used illegally than fiat currencies; so cryptocurrency needs to be regulated in similar ways.
If, instead, the Government of India takes the decision to ban cryptocurrency, then it would be the first major democracy in the world to do so. An outright ban closes the door on the potential positive impact that cryptocurrency can bring, not only to individuals and the state but also to philanthropy and charities as well.
Cryptocurrency will have a huge positive impact on the world and build wealth for the people that need it the most. Donation systems based on cryptocurrency mean that donors know where their money is going and who it is helping. This greater transparency will lead to better use of funds and mean that the support reaches the people who need it. This also leads to an increase in public confidence in charities, and so more support. It’s a virtuous circle. Cryptocurrency today is a force for good.
True Happiness
A billionaire from Nigeria in a telephone interview, was asked by the radio presenter, "Sir what can you remember made you a happy man in life?"He said: “I have gone through four stages of happiness in life and finally I understood the meaning of true happiness.
The first stage was to accumulate wealth and means. But at this stage I did not get the happiness I wanted.
Then came the second stage of collecting valuables and items. But I realized that the effect of this thing is also temporary and the lustre of valuable things does not last long.
Then came the third stage of getting big projects. That was when I was holding 95% of diesel supply in Nigeria and Africa. I was also the largest vessel owner in Africa and Asia. But even here I did not get the happiness I had imagined.
The fourth stage was the time a friend of mine asked me to buy wheelchair for some disabled children. Just about 200 kids.
At the friend's request, I immediately bought the wheelchairs. But the friend insisted that I go with him and hand over the wheelchairs to the children. I got ready and went with him.
There I gave these wheel chairs to these children with my own hands. I saw the strange glow of happiness on the faces of these children. I saw them all sitting on the wheelchairs, moving around and having fun.
It was as if they had arrived at a picnic spot where they are sharing a jackpot wining.
I felt real joy inside me. When I decided to leave one of the kids grabbed my legs. I tried to free my legs gently but the child stared at my face and held my legs tightly.
I bent down and asked the child: Do you need something else? The answer this child gave me not only made me happy but also changed my attitude to life completely.
This child said: “I want to remember your face so that when I meet you again in life , I will be able to recognize you and thank you once again.”
Never Give Up
I remember one day I was walking and I stumbled on a local football match in a school playing ground, I stopped to watch it. As I sat down behind the bench near the touch line.....
I asked one of the boys what the score was. With a proud smile, he replied; "They are leading us 3-0" Really, I said. "I have to say you don't look discouraged" .
"Discouraged?" the boy asked with a puzzled look. Why should I be discouraged when the referee has
not blown the final whistle?"
Truly, I didn't have answer to this question! As I got back home that day, his question became a course in my life....
Indeed, life is like a game and why should you be discouraged when your referee..... "God" has not blown the final whistle on your life?
The truth is that as long as there is life, nothing is impossible and it is never too late for you.
Note this: Half time is not full time and God's calendar is not man's.
Its not over until its over !
Stay blessed.
Good morning everyone.
Is there anyone that knows how to import privatekeys into Electron Cash wallet? Kindly get in touch with me.
Thanks.
Hello everyone in the house.
For some days I have been finding it difficult to send money from my read. cash wallet to an external wallet. This is the message that prompt after each attempt :There was an error sending your funds
Error: "Wrong response format (response code: 413)". Contact us at hello@read.cash about this.
I had contacted @read.cash but was told to import my wallet to bitcoin. com
Please if anyone is experiencing this let me know.
Thanks.
Africa Is Dying Gradually!!!!!!
Nigeria’s Central Bank Orders Banks to Close Accounts of All Crypto Users
Any breaches of the order would face "severe regulatory sanctions," the central bank warned.
The CBN said it was reminding regulated banking institutions that "dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited."
As such, all banks should "identify persons and/or entities" transacting with cryptocurrency or operating crypto exchanges on their platforms and "ensure that such accounts are closed immediately."
Any breaches of the order would face "severe regulatory sanctions," the order states.
The CBN letter is signed by Bello Hassan, Director of Banking Supervision, and dated Feb. 5.
👎👎👎👎👎👎👎👎👎
Dedication To Teachers
I AM A TEACHER...
I May be a School Teacher,
I May be a College Lecturer,
I May be a University Professor !
Behind That Doctor,
It is Me, a Teacher •••
Behind That Engineer,
It is Me, a Teacher ••
Behind That Statistician,
It is Me, a Teacher •••
Behind That Nuclear Physicist,
It is Me, a Teacher•••
Behind That Mathematician,
It is Me, a Teacher •••
Behind That Scientist,
It is Me, a Teacher •••
Behind That Zoologist,
It is Me, a Teacher •••
Behind That Entomologist,
It is Me, a Teacher •••
Behind That Botanist,
It is Me, a Teacher •••
Behind That Economist,
It is Me, a Teacher •••
Behind That Entrepreneur,
It is Me, a Teacher •••
Behind That Lawyer,
It is Me, a Teacher •••
Behind That Political Scientist,
It is Me, a Teacher •••
Behind That Psychologist,
It is Me, a Teacher •••
Behind That Architect,
It is Me, a Teacher •••
Behind That Astrologer,
It is Me, a Teacher •••
Behind That Astronomer,
It is Me, a Teacher •••
I Carry the Light Even though they mostly make Fun of Me by their Uncharitable Jokes •••
But I am a Teacher •••
I don't Qualify for a Bungalow or a Villa nor Earn enough to buy an Expensive House or a Car like Corrupt Officers and Corrupt Politicians.
But Yes, I am a Teacher •••
Some Think or even Say that I have too many Holidays. They never know that I Spend those Holidays either correcting Papers or Planning what and how I am going to Teach when I go back to Blackboard or Whiteboard ...
Because I am a Teacher •••
Sometimes I get Confused and even get Stressed by the Ever-changing Policies over what and how I have to Teach ...
Despite All That, I am a Teacher and I Love to Teach and I am Teaching •••
On Pay-days I don't Laugh as Corrupt Officers and Others do, But by the Next day I Love to come with a Smile to those that I Teach ...
Because I am a Teacher ••
The main Source of My Satisfaction is when I see them Grow. I See them Succeed. I See them having all those Assets. I See them Bravely Face the World and its Challenges. And I Say yes I have Taught in Spite of Living in a World Opened by Google...
Because I am a Teacher ••• Yes I am a Teacher •••
It doesn't Matter how they Look at Me, It doesn't Matter how much more they Earn than I Do.
It Doesn't Matter that they Drive while I Walk because All what they have is through Me, A Teacher ...
Whether they Acknowledge Me or Not ... I am a Teacher ....
Am going to be Great! 💕💕
Good Ways To Treat Others
Here are some good ways to treat others in order to have a meaningful and rewarding life:
1. When you meet young people - INSPIRE THEM.
2. When you meet children - EDUCATE THEM.
3. When you meet old people - HELP THEM.
4. When you meet wise people - STUDY THEM.
5. When you meet leaders - HONOUR THEM.
6. When you meet foolish people - AVOID THEM.
7. When you meet humble people - TREASURE THEM.
8. When you meet arrogant people - IGNORE THEM.
9. When you meet gracious people - EMULATE THEM.
10. When you meet aspirational people - ELEVATE THEM.
11. When you meet strong people - SUPPORT THEM.
12. When you meet godly people - BLESS THEM.
13. When you meet elderly people - RESPECT THEM.
14. When you meet weak people - STRENGTHEN THEM.
15. When you meet hardworking people - ENCOURAGE THEM.
16. When you meet kind people - ESTEEM THEM.
17. When you meet Honest people -
PROMOTE THEM.
18. When you meet virtuous people - REWARD THEM.
19. When you meet evil people - EVADE THEM.
20. And in all situation ; "watch, pray and wish everyone well”.
If we can observe these wisdom nuggets , I strongly believe that the world will be more conducive for everyone to live.
Good day everyone!
Earn USDT directly to your faucetpay.io account.
Register ASAP using the link: https://cripto.win/?r=4687
BitcoinCash Is More Popular In Nigeria Now
It is exciting to tell the whole world that a leading cryptocurrency exchanger in Nigeria, "load.ng" has adopted and listed BitcoinCash as one of the coins exchangeable to NGN or USD on its platform.
This is a good news for Africans as our noble coin, BitcoinCash is getting more popular in the continent, using Nigeria as reference base.
This adoption in the most populous country of the continent will definitely have a significant positive effects on further adoption of Bitcoin Cash in the continent.
Load.ng, apart from being an exchanger of cryptocurrency, is also dealing in the trading of utility materials such as recharge cards, internet data, cable TV subscription, electricity and water bills settlement, to mention just a few
The joyous part of it is that those aforementioned products can be purchased using BitcoinCash as a means of payment on the platform. With increased daily patronage of millions of people across Nigeria, "the sky is the beginning for BitcoinCash".
In view of this, I see a very robust rate of mass adoption and utilization for BitcoinCash across the nooks-and-crannies of Nigeria soonest.
Invariably, this will transform the economy of Nigeria beyond the next level.
I'm very happy that my vigorous campaign for sporadic mass adoption of BitcoinCash in Nigeria is yielding positive results to date.
Hi, everyone.
Now that the point system is scrapped, I need someone to please give me the link to the last post by @RandomRewarder on how to earn with read.cash now.
Thanks & be blessed.
What's happening on read.cash? My point balance has been stagnant on 0.0 for the past 2 days despite my activities and peoples' comments on articles.
More so, I have no penalty!
Boosted Article Not Found In First Page
I boosted my article enthappening"BitcoinCash: High Hope For Africa's Mass Adoption" this morning but yet to come across it on the first page.
Can anyone enlighten me on what is happening?
Thanks.
BitcoinCash: High Hope For Africa's Mass Adoption
BitcoinCash, a leading cryptocurrency after Bitcoin, will experience a very significant growth rate of mass adoption in Africa soonest.
This imminent surge in mass adoption rate is "sine qua non" to multiple growth in Africa's economy at large. By-and-large, Nigeria's economy plays major roles in deciding the direction and pace of economic advancement in the continent.
Hope rises for mass adoption of cryptocurrency in Nigeria as the chief financial watchdog of the nation will treat cryptocurrencies and token offerings as forms of securities until proven otherwise. In a statement signed Friday, 18th September, 2020; the Securities and Exchange Commission (SEC) of Africa's most populous country said "all crypto assets will fall under the regulation that covers securities, exchanges and transactions on exchanges".
The SEC confirmed all forms of digital asset offering taking place in the country, as well as participating individuals and companies, acting for themselves or on behalf of others, will be subject to its regulatory guidelines and approval.
Nigeria isn't the first African nation aligning digital asset offerings with existing securities guidance. South Africa published a policy paper in April that called for all token offerings to adhere to traditional regulation as much as possible.
It is very glaring from facts and figures that with the giant strides made by the two giant nations towards cryptocurrency embracing and inclusion in economic development plans, BitcoinCash is being positioned to be favored along with Bitcoin in Africa.
Currently, millions of Nigerians are using Bitcoin to bypass trading hurdles with China as easy access to forex is nothing-to-write-home-about. These transactions translate to billions of US dollars on monthly basis.
With the steps taken by SEC, emerging opportunities are there for BitcoinCash to take its own share of the bogus markets. Invariably, this will boost BitcoinCash's popularity and mass adoption across Africa.
In the same vein, some major digital exchanges in Nigeria that I have been discussing BitcoinCash with are eagerly committed to list the coin on their platforms; for direct trading for Nigerian Naira (NGN) as well as US Dollar.
Notable among them are:
blockvila.com (already listed BCH and will commence trading by October).
quidax.com
naira4dollar.com
truexchange.com
nairaex.com
exchange indeed.com
jostpay.com(already trading BCH/NGN)
As soon as those exchanges launch massively into actions by servicing millions of customers across Africa, it will be a very joyous event for BitcoinCash. This will positively enhance the coin's mass adoption across Africa.
"Bitcoin Cash is the best cryptocurrency in the world"- It is the only cryptocurrency with the real features of borderless P2P payment solution, with a few cents as fee and within the flash of lighting for transaction; coupled with superb security and anonymity.
Who does not agree with me on those facts? Let's do a holistic comparison........I doubt reasonable answer(s) to this sweet challenge!
Are Points Stopped?
I just need to find out if points are no longer awarded by Random Rewarder.
My point was 0.00 since yesterday and as of the time of writing this short post.
If I am out of information on points, anyone could kindly guide me.
Thanks and nice day to everyone.
IFP: Amaury Sechet At Fault
https://youtu.be/__gbnF9-J6A
Regarding BCH IFP and in line with the debate on inclusion of IFP in the Bitcoin ABC's version 0.21.0, and with Amaury Sechet's responses to the fielded questions; can we really say he's at fault for the IFP saga?
Watch the video for some deductions.
Bitcoincash- A Good Buy
Bitcoin Cash(BCH) has proved itself as a "good investment" reaching the 9th position among all cryptocurrencies according to Coinmarketcap. As a prosperous Bitcoin fork, Bitcoin Cash is predicted to further grow in value.
Many members of the cryptocurrency communities, including Bitcoin and Ethereum miners, do not accept Bitcoin cash. Nevertheless, Bitcoin Cash has become a great investment tool. It is listed on different notable exchanges including Bitstamp, Coinbase, Gemini,Binance and Kraken to mention just a few.
As of the time of writing this article, Bitcoin Cash was trading at $1401.92 according to the Coinmarketcap price index. The ranking is 9th position, market cap is
**$26,259,134,084.09** , fully diluted market cap is **$29,439,974,361.62**, volume traded is **$7,999,869,288.31** and maximum supply is 21,000,000 BCH.
Though it is very difficult to make a price prediction for such a volatile market, it isn't enough to conduct a technical analysis. But why? To understand this, someone really needs to incorporate human psychology and follow the latest news about all top cyptocurrencies. In the first place, the prices depend on Bitcoin- as it gains strength it stimulates growth in the market and the prices of all other coins respond swiftly. Other influential factors include latest news, investments from highly-rated companies and individuals, productivity of miners and the attitude of exchanges.
Before I talk about the Bitcoin Cash future price, let's take a look at some predictions from popular services:
**Smartereum:** is of the opinion that Bitcoin Cash has great chance and predicts $20,000 for the next five years price.
**Trading Beasts:** This firm predicts at least $5000 towards the end of 2021.
**WalletInvestor:** It predicts long-term increase in Bitcoin Cash price as inevitable. It equally sees the future value to be at least $5000 by end of 2021.
**DigitalCoinprice**: It believes that Bitcoin Cash will reach $5200 by end of 2021.
"Those are good predictions which I strongly support from my own perspective as Bitcoin Cash is still the most successful hard fork in cryptocurrency history today". The total hashrate is 2.76 EH/s. This implies that mining pools believe in the future of Bitcoin Cash and are trying to support it. From Coinmarketcap's record, daily trading volume is over $7 billion hence traders believe in Bitcoin Cash too. The Bitcoin Cash fees are very low, so it could be stable with many people doing more daily transactions. This will definitely stimulate rise in price at least. Bitcoin Cash prevails above fiat in some countries, forecasters rely on future projects hinging on Bitcoin Cash and deeply see a continued growth as the impact of the coin is rising worldwide.
From the foregoing, it can be concluded that our highly valued coin, Bitcoin Cash has a very brighter future and worth investing into by any proactive and potential investor.
Moreover, the previous technical problems faced by Bitcoin Cash is now a thing of the past as the main antagonists have been eliminated completely.
I hereby urge all the stakeholders in the cryptocurrency market to give Bitcoin Cash the best investment shot.
Price Increase, High Transaction fee
This is snonymous with Bitcoin.
It is grossly inexpedient sending 10,000 Satoshi with $1.5 transaction fee. This is exorbitant and real breach of promise from Bitcoin to its admirers. It is high time crypto lovers made a paradigm shift to Bitcoin Cash as the only savior, it offers very low transaction fees and doesn't reverse transactions disappointedly.
Goal Without A Plan Is Just A Wish
This is something which came to my mind in my few months experiences with "Read.cash".
So, I wish to share this with all my friends and members in the various communities because communities threads have always helped me to get new ideas.
For starting any work we always need a correct planning. "I strongly believe that planning is the key to success". By correct planning we can achieve our goals. For that we have to work hard and invest our time into it.
"Time is an important factor in life". "No one can be rich over night"-it depends upon the time and efforts we are spending on work. We need patience and always think positive. First, we should prepare our self and learn more about read.cash and its launch pad lessons so that we can share our knowledge to the new affiliates and build up a successful team. It is also necessary that we get all affiliates active . We must try to understand and motivate those who show real interests and efforts, support them and encourage them but never give up. Always keep our goal in mind. "Unrealistic goals only let us down and make us feel like a failure". So make them measurable so that we can have a very clear target in front.
It is those who look for solutions that succeed always. Those who make excuses usually fail in whatever work they do. We will succeed only if we believe in ourselves and have a feeling that we never give up even there is any ups and downs.
We may be facing one challenge or another on read.cash platform, we really need to forge ahead, focus less on points and employ vigorous determination to boost our writing careers.
Long live read.cash! Long live readcashians!
Bitcoin Cash Needs Futures Trading Platforms
Bitcoin Cash really needs to penetrate some vigorous and special dynamic futures trading markets to fully spread its tentacles to the most advanced and big economy countries of the world.
Futures trading platforms offer a specific type of investment called "futures contracts", which are contracts that oblige an investor to buy or sell an asset at a certain time and price. This implies that futures trading platforms are quite different from regular exchanges, which simply buy and sell cryptocurrency on the spot. Futures are comprehensively used in mainstream finance, which means they will probably be of interest to traditional investors.
Experts predict that futures trading platforms will be cryptocurrency's large break into institutional finance, in fact they may even appeal to Wall Street investors-"something that Bitcoin Cash is unlikely to achieve on its own".
Although some exchanges already offer Bitcoin futures contract, they generally settle their contracts with cash. On the contrary, Bitcoin Cash futures trading platforms should be made to pay out their futures contracts with BCH, which will otherwise be stored in their digital asset warehouse. This implies that Bitcoin Cash futures trading platforms will be tightly integrated with the real cryptocurrency markets.
For the most part, these Bitcoin Cash futures trading platforms will be targeted at institutional investors; this will have a salient and growth-oriented impact on Bitcoin Cash's general market value as the demand for it will increase and subsequently drive up its price as well. "This is a good value for anyone that already owns Bitcoin Cash".
In addition, Bitcoin Cash futures trading platforms are to be designed to become the global networks, which will eventually find more places in retail and commerce; thereby catalysing the Bitcoin Cash's mass adoptions worldwide.
To crown it all, Bitcoin Cash extremely needs to tap into other key benefits of futures trading, which includes:
provision of highly leveraged investments.
provision of very liquid markets.
provision of very low commissions, execution costs and time frame.
provision of fast(er) money for speculators.
provision for great diversification or hedging.
These benefits are shiny stimuli that, if vehemently employed will position Bitcoin Cash for better mass adoptions worldwide.
Am I The Only One?
Despite some activities carried out on read.cash since morning, my point balance is still 0.0.
Random rewarder is not friendly to me on some days.
I don't know why?
Thanks everyone.
Points Stagnant
I have been observing the points being stagnant since morning.
My point is 62.6 since morning, and still the same as I'm writing this short notes.
I don't know if anyone else is experiencing same.
It happened yesterday, but later became dynamic towards the midnight(12.00 AM).
Anyone having similar issue should gist me.
Thanks.
Bitcoin Slammed Again
Bitcoin, the assumed crypto king experienced another slam this week when Michael Novogratz, a prominent BTC bull in the world turned down his long-term supported coin for Gold.
Although Novogratz accepted that Bitcoin outperformed the precious metal, it is still safer to buy more Gold than Bitcoin due to its highly volatile nature. "Bitcoin is still early in the adoption cycle", Novogratz affirmed. He further averred that "he would tell people to have a lot less Bitcoin than they have Gold, just because of the volatility"; Novogratz reiterated to CNBC's Fast Money on July 8.
Novogratz's call to prioritize Gold over Bitcoin comes amidst Gold's price hitting a nine-year high. On July 9, Gold broke a $1,800 threshold reaching the highest price since September 2011. The soaring price of Gold is attributed to the economic fears over the Covid-19 crisis.
Novogratz predicted Bitcoin to hit $20,000 by the end of 2020. Last year he predicted that institutional interests would push the Bitcoin price back to All-Time-High(ATH) of $20,000. However, Bitcoin failed to the expectation; eventually trading arround $7,000 at year's end.
The Barriers To BCH Mass Adoptions
When it comes to the issue of what is holding back the mass adoptions of BCH, lots of salient factors play significant negative roles in answering this particular question.
Among the factors, the cogent ones are highlighted as follows:
**Usability Limitation**
There are not many traditional retail businesses that accept BCH as a payment option, they accept fiat currencies which is their status quo in lieu.
**Accessibility**
While the above mentioned issue is quite important to enable the BCH holders use and transact with it conveniently, the masses must actually have the easiest ways to access BCH in the first place. Accessibility to BCH worldwide is still lopsided.
**Fear**
The 2017 bull market in cryptocurrencies brought many interested new retail investors into the market, hopping to profit off of the price bullish at the end of the year.
The ATH of BTC was $20,000 and that of BCH was $3,785.82 as of December 2017.
Many investors mortgaged their houses and invested in cryptocurrencies during the peak of the hysteria, only to experienced significant losses of over 50% during the 2018's bearish market.
It is these series of losses and the very real volatility allied with it that instill fear among potentially new BCH investors and distract them from giving it a try.
To be clear enough, it is not just volatility that instill so much fear, but negative volatility. This makes retail investors lose significant amount of money quickly.
Almost all investments have some degree of risk and volatility, but that of cryptocurrency is huge and nothing significant has been done to salvage the retail masses from this concern.
Another aspects of fear in consideration are exchange thefts, scam ICOs and lack of regulatory clarity. All of these negative factors hinder potential new investors from adopting BCH.
**Confusion**
It is relative that every industry would have challenges educating the masses about its advantages, the learning curves for cryptocurrencies are particularly steep due to their technical jargons. The cryptocurrency market is currently immature and inefficient to educate new investors thoroughly. Those who we regard as "experts and gurus" in this field have no total solutions regarding the simplicity of educating potential new investors. Invariably, BCH is at the receiving end of this impotency and lacuna.
To achieve mass adoptions for BCH and sustain it, the cryptocurrency industry and market must fill those lacunas with reasonable and lasting solutions.
Hope Rises For Small Businesses
As small businesses strive hard to sail through the economic havoc wrecked by Covid-19, current research indicates that small businesses are optimistic about the future.
Up to 75% of small business owners endorse the fact that if a crisis like the Covid-19 were to occur again,they would be better ready to handle it. This is corroborated by the survey from the Society for Human Resource Management.
In addition, 52% of small businesses expect to recover to preCovid-19 profitability within a few months.
These optimisms are credited to a director at the Society for Human Resource Management, saying "Covid-19 has been a big driver of innovations. Many small businesses surmounted the limitations of Covid-19 by inventing new products and new delivery methods-"change is inevitable".
According to the Society for Human Resource Management, 43% of small businesses have evolved new ways of promoting their brands digitally, including partnering with minority and social media organizations.
Not only has the Covid-19 spurred innovations, but also led to an upward trend in reskilling and upskilling. The survey found that 22% of small businesses have asked employees to learn new skills to support changes in their businesses-"opportunities out of adversities".
Despite all odds of Covid-19 pandemic, the manner in which small businesses have been able to successfully weather the storm has made them optimistic about the future, in addition to the supports they have gathered from their local communities. A lot of people put their money where their mouth is and really work hard to support local businesses this time; according to the survey.
Jeff Bezos Is The World's Richest Person:
The economy could be in shambles, but Jeff Bezo's wallet is not affected negatively.
He is now worth nearly $172Billion, to claim a new record as the world's richest person.
This is affirmed by Blomberg Billionaire Index.
Oil Price Slumps Again
Oil price worldwide has slumped again as a result of the newly discovered Covid-19 cases in the US to the tune of 55,000 cases daily.
As of 9:20 a.m. EDT on Friday, WTI Crude was down 1.28 percent at $40.13, and Brent Crude traded down 1.23 percent at $42.61. Prices recovered somewhat later in the afternoon but were still trading about 1% off.
@Olad
