Do the Big Whales really manipulate the Crypto Markets?
There is no doubt that those with fat pockets has the potential of controlling every situation as far as money is concerned. Individuals and sole investors tend to listen to what these big whales tweet or say about a certain asset but if you are just a nobody people wont even listen ti what you say as far as investment is concerned.
If you followed Donald Trump's case when he was removed from office, he was then banned from twitter and Facebook. Have you ever asked your self why he was banned? There is no lie that he is too powerful to the extent that whatever he says has an impact concerning freedom issues though the markets responded aswel when he tweets. Lately Elon Musk a billionaire was praising Shiba Inu and we saw how the price was performing, it was so bullish.
**What are they Likely to do in the markets?**
Whenever big whales tweet or open their mouth, the markets will respond accordingly so you have to be carefully when trading cryptos. As for me personally i hate trading news, If you see a popup saying Bill gates says Bitcoin is the future that doesn't mean that you should just jump in and buy bitcoin. Instead do your own research and trade what you see not what you think or hear.
Since they have billions of dollars sitting in their accounts they might want to invest and increase their profits so they might buy as many cryptos as possible then they start tweeting and pushing the price up and surely the prices will skyrocket because every news media will be updating you on what these whales are saying so that you will have confidence and buy.
When you buy, you will be just creating volumes and when the price is pumping a lot you will be now buying their own sell orders and that moment that is when they will offload their coins to you and the market will be flooded and the prices will fall drastically. When prices are falling you will then start panicking and you will be thinking of selling your coins so that you cut your losses while it is still small then they will buy back from you.
So as for me i always try to think like these big whales so that i don't become their prey, i want to feast on the table with them not for them to feast on me.
Is Binance Smart Chain the Best for DeFi & Smart Contracts as Compared to Ethereum Chain?
As it is said no idea is original. It obvious someone might come up with something then somebody else might take that something and perfect it in every way he could trying by all means to get rid of all the bottlenecks so than he can have a well crafted end product.
Ethereum is a well know crypto currency just like Bitcoin, but the only major difference is ETH has now more services to provide as compared to Bitcoin which is just used for payments. Ethereum has gained so much popularity because it was the sole giant when it comes to Smart Contracts,DeFi and DAaps . As the world has gone digital now smart contract are being signed digitally and stored on a public ledger where they can be audited anytime.
**A new challenger is out there roaring**
There can be only One king, so whoever is to challenge has to make sure that his/her arsenals are fully loaded. You will have to find the mistakes of your opponent and capitalize on that, that is the only way to outsmart them unless you are bringing in a brand new idea.
When Binance Coin was launched it was an ERC-20 token but it later changes from being an ERC-20 and it no longer runs on the Ethereum Chain but on its Binance Smart Chain. Now smart contracts are being run on the Binance Smart Chain aswel and now Binance is becoming a household name as investors are now selecting the BSC over the ETH Chain.
Binance came as a game changer with so much to offer. It showed that there are better alternatives than Ethereum. Do not quote me wrong i am not saying Ethereum is bad but BSC outshines ETH because of its low gas fees, lately ETH gas fee has been exorbitant and every investor tries to find ways to cut small their transactional cost.
If ETH gas fees remain so high there are higher chances that the tables will be turned and BSC will become the best option and for that reason its adoption rate will increase so as the capitalization and its price will skyrocket as well.
How best you can use Stable Coins to take your profit
On my previous article called "How to make money in volatile crypto markets " i talked more on how to invest and make money taking advantage of those huge swings highs and lows. It was a lovely article and i hope it will help lot of people to make money on different crypto assets. On this one i a m going to do a breakdown of the 2 types of coins that we have to carter for those who don't have an idea on how they should take their profits when they make an investment on crypto assets. We have Stable and Non Stable coins and we a going to look into these and see how they work.
**Non Stable Coins**
These types of coins are the so many on the crypto market and their value is always fluctuating. They can be called volatile coins because they can rise or fall within a short space of time. They are the best coins to invest in if you are looking to make money through buying and selling of coins.
These type of coins were are talking about include Bitcoin, Ethereum, Binance and so many others. If you check the price of Bitcoin when it was first launched in 2009 it was being valued at $0.02 per coins and now its value is $63,476.60 per coin. i am sure you can see the huge rise it had and now it seems like it is consolidating but for you to take out your position and realize your profit you will have to sell those bitcoins be it ethereum, ripple or whatever coin that you have but the question is. How do you take your profit when coins are falling or when they are still on their pick? ***Stable coins is the answer to this question.***
**Stable Coins**
These type of coins are the answer to our prayers. Lets look into it and see what are they, how they operate and how are they an answer to our problem. Firstly these type of coins are called stable in the sense that they have a stable value and does not move that much. They include Tether USD, USDC, DAI, Paxos and many more, the price is mostly pegged at $1 per coin. These coins are centralized, they are regulated aswel and their value is backed by some reserves e.g the number of coins in circulation is backed by real US Dollar.
Lets say you bought you bitcoins or ethereum and the price has been going up and its now running out of steam and you want to sell of your position and maybe re-enter later. If you sell Bitcoins and maybe lets say you buy Lite coin, will that solve anything?
Nothing is solved but instead it a recipe for disaster because that coin is a non stable coin aswel so it will lose its value because mostly when the crypto market starts falling the whole market will bleed, but since Stable coins are not volatile when you sell-off your Bitcoins you buy stable coins e.g Tether then you hold your money in Tether and the value will remain the same it wont change. That is the advantage of stable coins, i hope this will be helpful to those who did not know the main difference on these two types.
The Fate of Private Crypto Currencies
As the Government authorities are fighting crypto currencies day and night because they do not have full control of the operation. The only thing they can do is harm than good, which means crypto currencies have to be regulated so that they can be sparred by the wrath of the Government but that wont be possible unless they create their own regulated crypto assets.
This article is focusing more on the future of private crypto currencies the likes of Monero, Zcash, Dash, Verge and so many;
**What are Private Cryptos?**
Private crypto currencies are altcoins which are private in the sense that they can not be traced. This is a double edge sword as on the other hand it is good they can not be traced you will be safe from sniffers and cyber criminal as they can not tell your balance and the chances of you being victimized are slim. On the other hand the Government and its authorities can take this as a reason to ban them because they can not be audited as they are private.
There are higher chances that these altcoins can be used for cyber crimes e.g laundering, sponsoring terrorism and even buying illegal goods on the dark web, so we can say they do more damage to good if they fall in wrong hands, not to say they are not good coins.
These type of crypto currencies have a bleak future if the government keep on fighting the crypto currencies. There are higher chances that these will be the first altcoins they will ban, it will be no surprise if you hear that private altcoins are being de listed on the major exchanges because exchanges might do so to save themselves.
If you check Monero it is the most secure coin as it protects the address of the sender and the receiver, Their value and future price is now unpredictable since they will face a lot more prosecution from the authorities.
Out of the top 3 Private cryptos, Monero is the only coin which is trading above 50% of its all time high and the rest are trading closer to their all time low. This shows that there is less adoption on the privacy altcoins as this can be proved by the above screenshot which shows a distorted movement in the total capitalization of privacy coins.
Main Difference Between Token Farming & Token Staking
Farming and Staking are 2 different things and they both have different characteristics which distinguish them from each other. Lets do a breakdown analysis and see how they differ.
**They differ in what ways exactly?**
**Farming** or Token Yield Farming is when an investor deposit his/her funds in the liquidity pool with the intention of earning returns which are calculated as APYs. Lets say you deposit your DAI in Harvest Finance and you start farming and you will earn more DAI and iFarm. It can also be done when you deposit your funds in a lending platform such as AAVE. Mostly investors get rewards in trading fees for providing trading liquidity.
**Staking** it is when investor lock their funds so as to help in block verification and they get rewards for that. Lets say you buy you Atomic Wallet Tokens and you stake them in your Atomic Wallet for some period and then you will be earning your returns. This is done since most tokens are now using Proof of Stake an not proof of work.
**Pros & Cons**
These 2 operate differently and the risks involved are different. Yield Farming is a lucrative investment but its is a high risk investment as-well because there are impermanent losses involved. Your might end up regretting farming and for that reason that is why the APYs being offered are so huge.
Staking is safe as there are no risks involved , the only risk comes when you decide to stake your tokens on Centralized Exchanges and if those exchanges are hacked they you will definitely lose you crypto assets.
**Conclusion**
These 2 have their differences so if you are a high risk investor then yield farming is the way to go but if you are those types of investors who do not want to take risks then token staking is the way to go.
Which one is More Profitable, Crypto Assets or Stock and Forex Pairs
People have been making a fortune in the Forex and the Stock market since 1530s. Back in the days, the stock market was still being operated in such a way that the stock prices were written on a board and people would trade they are in an auction.
Nowadays thing have changed completely ,now there is internet and people can now trade in the comfort of their home with just a click of a button. They can now trade using brokers of their choice and they now have what is called leveraged account making it possible for anyone with little money to participate in the Forex and stock trading.
Stock Market and Forex market all come under the Financial Markets are are all traded and regulated by regulators so as to make sure the market is not manipulated and the most imported thing is to make sure the market wont crash as a result of devaluation. Unlike the Crypto currency market which is finding it hard to be well regulated and legalized and facing a lot of criticism from the authorities, the Stock Market and Forex Market are well regulated and legal without any challenges.
The Crypto Market which is a $2,590,327,889,804 Market. This Market has created a lot of millionaire and Billionaires through acquisition of crypto assets with low cost and hold them waiting for them to boom and take profit. Imagine Bitcoin once traded for less than $1 but is now trading at more than $50k per coin, so you can see the wonders brought by the crypto market. https://coinmarketcap.com/charts/
**Pros and Cons**
trade stocks and Forex but from what i have discovered is that, all these markets are highly liquid. In these 3 markets you can ride them all in the volatility phase and make some medium profits but the crypto market has an upper hand as it accommodate each and everyone. Most stocks are all expensive and not everyone is capable of trading them but in the crypto market we have assets which costs something like $0.0000001 or less which means they are affordable to anyone.
Stocks and Forex are traded using marginal and leveraged accounts which makes it a high risk business were an investor can lose more than what he invested. In crypto market you just purchase your assets and hold them and if it happens that the price is going down you will only lose value in assets not to lose your current assets.
**Conclusion**
They are all profitable and you can chose which one you are comfortable with, but as for me the crypto market in the real deal for long-term investments but if its medium and short term the the Forex and stock market is the best for me since the stocks are volatile when ever the market opens an when financial data is being released even when there is a speech so those will give an opportunity to make a fortune.
How to trade Crypto Currencies the same way Market Makers
There is a saying which says that if you cant beat them, then you should join them. There are certain wars that we can not win ourselves to the extent that we just have to join the other side. This also applies on the Crypto Markets, there are Market Markers in the market who are trading aswel but they are different and the way they also trade its different to ours to the extent that we have to copy what they do for us to be victorious.
**Who are Market Makers and what differentiate them from us**
These are big players in the Market and also participate in the trading just like we do and these are Hedge Funds, Investment Banks etc. They are big players in the sense that they have a lot of capital and they can move Markets when they trade unlike us retail traders.
**How do they Move Markets and how do you tell that they did?**
The picture above is a typical example of how Market maker show their selves in the Market. See that Grey zone were it emanated we can clearly see that there was a sharp rise on Bitcoin and it surged from $30,000 to $57,000 without retracement, this is how you tell that the Market Makers were present in the Market.
So when they leave their footprints like this they will always comeback to collect some orders from were they originated their move and that is when you wait for them to collect an wait for a bullish signal then you jump in and trade with them until you reach a zone when they had a previous massive sell an these are called "Order Blocks".
So there are bearish order Blocks and Bullish Order Blocks, when we are looking for Buy signals we do so at Bullish Order Block and when we are looking to sell we do so at Bearish Order Block.
Above is another example of a Bearish Order Block on that red zone on an Ethereum Chart. We can see that the price is trading around a zone which previously had a massive sell and we can see that it once tried to sell but it sold only for a short period. On this zone we expect the price to fall but do not forget price action is the key and we have to wait for a good bearish signal.
There are chances that the price will go up and continue being bullish so we have to keep that in mind. So if a sell or buy is found on an Order Block zone then you should expect a huge move from that zone.
**Conclusion**
Market Makers trade using order blocks so when trading you should also look for order blocks and only trade then the Market Makers are present in the Market so that you also rip out you chunk of meat when they do so. Remember to always apply price action techniques in confirming your orders and buy your cryptos currencies
How to make money in volatile crypto markets and also take advantage of promising projects
In crypto trading timing is the best thing you should know, you have to be patient enough to wait for the right moment to buy your coins and being patient enough to hold them while the price is being pumped up. The rule of gamblers applies here as-well "know what to keep and when to run away", and this also applies in crypto trading. A lot of people doesn't really know why they are buying coins, finding yourself is the first thing to do.
Do you want to hodl or you just want to take opportunities in the going up and down in the market, that is the first step. We are going to take a look at a few alt-coins, **BTC, ETH, BNB, DOGE**. Before we jump into these coins lets first look at the factors we should consider first when we are about to invest that's our first step:
Market Capitalization
Maximum Coin supply
Current Price of coin
**Market Capitalization**: It is the turnover or the value of transactions for a specific asset and it can be 24hour capitalization which shows the value of coins being traded per day, then there is overall capitalization which show the amount of coins value traded overally. If an alt-coin is not well adopted by the investors then its turnover will be low and mostly the movement of that coin will not be that much.
**Maximum Coin Supply**: The number of coins in circulation plays a pivotal role in this trading business. Supply determines value and scarcity, if an alt-coin is readily available with too much supply then the demand will be low because everyone has access to it but if the supply is low and the coin becomes scarce then the demand will be higher since everyone will be looking for it: there the price will go higher
**Current Price of coin**: The current price of coin will determine the amount of money you will make depending with the amount of money you are investing. Lets say you have $10,000 and you buy BTC worth that much and if price goes up with 25% then you will make $2500 profit, but with that same capital if you buy Doge coins with value of $0.2417 you will have 41,373 Doge coins and if the price rise by $0.15 only then you will have $6,205 profit so the price determines depending with your investment strategy and plan.
Lets us now get down with our cash cow markets and see how they have been performing since this year started and see how volatile are they. Firstly lets dive into
**Bitcoin**. In January bitcoin was trading around $30,000 per coin but in 3 and half months it managed to reach an all time high of $63,000 on 14th of April but it then retraced and now its rising again and the price is sitting at $61,000 and its still going up.
If you take a good look at the below picture you can see it has huge swings it made and a lot of people ride those and made a huge of money, now it falling and they are selling it taking their profits. So we can conclude that this altcoins is so liquid and you can make money if you scalp it.
**Ethereum** has been sitting of number 2 for so long and we don't know for how long it will remain at that spot as there are other altcoins performing very well but even though its going strong each and every day. It once reach an all time high of $1400 and then fell then last year that's when it started promising and this year it sky rocketed and broke the previous all-time high and set another new high of $4,362.35, it is volatile just like bitcoin. It also has huge high swings and lows you can ride.
Then we have **Binance coin** which is also promising fireworks, last year around august it was trading around $16 per coin, then on 1 February it was trading at $50 per coin but everyday its proving to be a powerful coin with a bright future like ethereum and there are chances that it might overtake ethereum. Today it is trading at $490 and on 12 April it set a new all time high of $630 which is a huge rise, i can safely say this coin is worthy buying and store it in your portfolio the leave it for some years and you will rip you profits and enjoy.
Last but not least, we now wrap it up with the most underrated crypto coin which has been struggling to sett new records but eventually it surprised a lot even me, the **"DogeCoin".** I know you agree with me that people had no faith in the doge because it was always going round and round on 1 place and people ended up thinking maybe is supply is affecting it since it is so huge. 0n 28 January it reached $0.85 per coins and now its trading at $0.24 per coins and there are higher chances that it can reach $1 so it a good long term investment.
Portfolio Diversification When Investing in Crypto
A wise-man wont put all of his eggs in one basket, so as the wise crypto trader. Imagine buying 10 altcoins of your choice e.g ***Bitcoin. Bitcoin Cash, Bitcoin Gold*** **(1st Scenario)** e.t.c then hold them and then all of sudden they just start falling and your you whole portfolio turns red and maybe as a result you panic and sell them. Maybe lets say you buy your T***ether, DAI, USDC*** *****(2nd Scenario)***** and the likes then after some months you will realize that you whole portfolio is just stuck on one place and not moving but the rest of the crypto market is sky rocketing, how stressful is it?
**What is Portfolio Diversification?**
Diversification it is when you invest in different assets not just one e.g Bitcoin Cash, Ethereum, Dash, Tether e.t.c. On my first scenario the coins i listed are all are results of bitcoin halving and are all related to bitcoin so they always trend with the bitcoin.
Then on my second scenario i listed stable coins and as we know this coins are not volatile they maintain their price so we can say they are just safe haven, you can find refuge in stable coins when the whole market is bleeding and your money will be safe.
**Coin Types**
**Volatile Alt-coins.** These are the type of coins which just change value anytime, its like they are a double edged sword they can make you rich or make you poor so you have to approach them with caution. They are then grouped in different categories like DEFI, gaming, Entertainment, Privacy coins, Memes and so on.
**Stable**. These are coins which are not volatile, they are always calm they don't move. They can be used as collateral and they are backed by actual dollars that is why their price is not volatile, they include Tether, DAI, USDC e.t.c.
**Rebase Tokens.** Then we have rebase tokens which has an elastic supply and they have a certain price they should maintain, if the market is bullish and their price surpass the marked price then the supply is increased in the market so as to dilute and meet the demand e.g Ampleforth is another rebase token.
**How to Diversify**
Now that we know what is diversification we now want to look at how we can diversify. The first thing to do is to do a breakdown of the crypto market and choose one or 2 coins from each segment e.g on file sharing coins you chose BitTorrent and then on gaming section you select Decentraland, on memes you select Shiba Inu, on Top Privacy coins you select Zcash, NFTs etc and you do that on the rest of the categories till your portfolio is complete.
As for the stable coins you don't invest in them but you will just buy them after you sell of all your coins in the bearish market and maintain the value of your money then sell them when you are reinvesting again. I hope this was helpful to some.
This just to help your organize it so that when another coin type is not trending since it will be moving less you will benefit from those which are trending well.
Risks Associated with storing your Altcoins on exchange wallets
Crypto currency purchases and investments does not just end there on the exchange platform. You have to make sure that your catch is safe so that you will not regret later on when you lose your altcoins. There are possible risks concerning safekeeping of crypto assets acquired.
In this article i am going to look at some of the possible risks in storing cryptos on exchange platform.
Hacking of exchange platforms
Closing of exchange platform
**Hacking**. There has been so many cases of exchange platforms being hacked and investors lose millions of their crypto currencies stored on the exchange. Hackers target exchange platform because they know large sums of altcoins are stored there, so if it happens that the exchange is hacked while your altcoins are still in there then there are chances that you will lose you coins.
If you are into buying and selling, more like a day trader maybe you can store them there so that you avoid withdrawal charges and network fees when you redeposit but if you are someone who just buys and HODL then you have to make sure you just buy then withdraw and store them on an independent wallet.
**Closure**. Then there is another case when exchange platforms just close for some reasons and you might be a victim aswel. There are cases where owners of the exchange platform close the exchange and run away with investors money. So this is another reason to keep them out so that you will be safe when such things happen.
I have been a victim of exchange platforms,m i lost my coins to *coinexchange.io* and *cryptopia*, i could have been a millionaire because i store millions of coins there not knowing that they can close anytime. So no-matter how much you trust an exchange platform it is not safe to store coins in their wallets , use independent wallets.
What could lead to Less Adoption of Bitcoin and Ethereum?
If you are a consumer at times you would realize that not everything that is on the paper is correct as compared to what is on the ground. Heaven on earth is always promised in order to draw the attention of consumers otherwise if you do not do so then you will likely lose potential clients.
**Freedom**
Bitcoin was said and is meant to replace the current payment system, fiat money and the banks. Imagine you deposit your $20,000 in the bank and if you go back and try to withdraw lets say $1,000 you will be told that we do not have such kind of money and you will be given limit on how you should spend your money.
If you are transacting large volumes of money that can also raise red flags, so you can see there is no **freedom** when it comes on how you spend your money. So that is why investors preferred crypto currencies because you can spend your money how ever you want it and any moment.
**However there is one thing that can slow down the progress which is:**
**Higher Transaction Fees**
The only problem with Bitcoin and Ethereum now its higher gas and transaction fees. Bitcoin can require $60 to $80 to complete a transaction of-which that is too much.
If people are complaining that banks can charge them unnecessary $2 to $5 transaction cost how about bitcoin and Ethereum which are charging exorbitant transaction fees to send and higher swapping fees when swapping tokens.
Obviously people would want that freedom which is there in crypto currencies but the fact that they are being charged huge sums of money will discourage them and they wont adopt the crypto.
**Conclusion**
If the fees could go low then people will fully adopt it without hesitation. They need to work on that because this is discouraging a lot of potential investors since the charges are now much more than those charged by banks.
Can we say Bitcoin is a Lucrative Investment as compared to other Crypto assets?
Its not a lie that whenever you invest you expect lucrative yields from your investment. A good investment does not just come on a silver plate and for that you will have to do a proper research relating to assets you are looking to invest in.
Back in the day people invested with bank being given small percentage interest per annum e.g 7%, by that time it seemed as if it was a good investment but in the long run that's when you would see that its nothing because by that time the profits might have been eroded by inflation.
**When was it launched?**
In 2009 bitcoin was introduced and it was a crypto currency and only a few knew about it and a few trusted it because it was a new thing on the block o a few jumped into the ship and bought their coins for $0.02. You can imagine someone who bought 1000 bitcoins for $20 right now that person is worth more than 1 million. As the wise always said if you want to roar in life you have to take a bold step.
**What makes it so powerful?**
lt's low supply
Decentralized
Daily turnovers
****Supply****
Bitcoin has a circulating supply of 18,839,475 BTC which is a low supply as compared to other crypto coins on the market and the rule of economics is "supply determines demand". The lower the supply the higher the demand and therefore the higher the price.
****Decentralized****
Bitcoin is fully decentralized and has no company which controls it, it is driven by the market forces and that is why up to now the government authorities can not wipe it, what they are only capable of doing is banning it in their countries and persecute the crypto exchanges which trade bitcoin because they know bitcoin is here to stay. C
an you imagine a world were you will be in control of your own money without any interference from the authorities, no boundaries, no paperwork, no monetary policy and every obstacles imposed by the government. I can safely say ***"Bitcoin is our Liberator".***
****Daily Turnovers****
Bitcoin has been going strong ever since it was launched, i have just took a short record from September when it was around $40,677.95. Now its close to 20 days only and it reached $55,728.94 on the 10 of October and its still bullish.
If you calculate that move you will see that for someone who has 1 Bitcoin has made a profit of$15,000 in 18 days.
**Is Bitcoin the only crypto asset which is lucrative?**
Of-course no there are altcoins out there which make make you a fortune but as for me Bitcoin is the best of all because of its volatility since in these markets we get our piece of the cake when volatility is present and to be short and precise ***"Bitcoin is the money making machine".***
Which one is the Best Investment, Binance or Ethereum
Spotting a good and lucrative investment which can reward you big in the long is not that simple. It takes a lot of determination researching and comparing crypto assets side by side trying to figure out which one is the best and all the factors which makes it outstanding as compared to the rest.
A lot of people makes wrong and costly decisions and they lose their hard earned money because they just invest without an know how of what they are getting their selves into.
**The Clash of the Titans**
**Ethereum** is a giant crypto currency which was launched in 2015 and it has been sitting of the second position and non has dared to take its spot. It is a decentralized and it offer's a whole lot of services, some crypto currencies the ERC-20 Tokens are being run on the Ethereum blockchain and it is also used for smart contracts which is the digital ledger.
All those services being offered by Ethereum blockchain also strengths that crypto currency as many business are now investing it so it is heavily adopted as we can see its capitalization is always going up each and every day. Currently it has 117,854,958.06 ETH in circulation and the price is $3,612 and its close to its all time high of $4,362.35 and it is showing that it about to break new ground and set a new record.
**Binance Coin** was launched on 2017 as a ERC-20 token running on Ethereum blockchain but late on in 2019 it migrated to BNB and it started running on its own blockchain called the Binance chain.
There are 168,137,036 BNB in circulation out of the total supply of 168,137,036 BNB and it is now the 4th biggest crypto currency with price $424.04 per BNB which is staggering increase from the $37 per coin which was the price it was being traded for on 1 January 2021.
**Conclusion**
These two altcoins are both marvelous i don't want to lie. They are both catchy and they promise higher returns in the future. If i were to chose only one i will go for Binance Coin because its still in its early pick stages and still has a long way to go, it has its own exchange platform and now tokens are running on their blockchain aswel which is another factor to consider.
It is much affordable than Ethereum and there are higher chances that you can make a lot of money from it and lastly its transaction costs are cheap as compared to ethereum.
The Network Fees for Swapping Tokens will leave you Penniless and Poor
A lot of people are resistance to change, when there is new things on the block they would not even try to take a glimpse and see if it is worth it. Thank God i am not part of that bandwagon.
I always enjoy taking new challenges and adventuring, but there are times when you will realize that some things are not just for you or maybe it can be bad timing but as we all know, "first impression lasts longer". I have uploaded a picture below of what i came through today when i was trying to do a coin swap on meta-mask wallet, i do not want to lie it was so disappointing and i even lost interest is coin token swapping.
I wanted to swap 0.7 of iFARM so that i can have Change Now Token (NOW) and the wallet took a few seconds finding the best option for me and i was given quotes and the fees were so disgusting.
I was given an estimate gas fee of 0.06326 ETH worthy $228.93 and then then the maximum network fee was $1,172.38 of which my transaction was for $154 only and i was supposed to pay those exorbitant fee. I guess these Ethereum based tokens are lacking competition and they are being reluctant to work on the network fees because its too much to handle.
Imagine being charged a transaction fee far much more than your actual transaction. Crypto currencies are supposed to give freedom to the people and save them from being robbed by the banks in the name of bank charges but well on these token swapping its better to be robbed less by the banks than to be robbed what we cant afford to lose. The experience was disappointing and i ever doubt if i will ever do a coin swap again.
Cryptocurrencies worthy looking into
When it comes to investing it is not all about just jumping into a moving train without knowing its destination. Fear Of Missing Out (FOMO) is the greatest weakness of the majority of traders, when they see an altcoin sky rocketing, the first thing that comes into their mind it buying that asset. That is the greatest mistake, instead you have to research on the altcoin you are looking forward to invest in and check the following:
Coin Supply
Market Capitalization
Coin Price
**Coin Supply**
Coin supply is a major key when it comes to the future of an altcoin. Some coins when they are launched their supply will be too much and for that reason the price will take longer to make a huge move. So that one is not supposed to be missed when deciding.
**Market Capitalization**
This one can be used to measure the adaptability of the coin on the market, to see how much trust does investors have on the asset in question. Capitalization is also affected by the coin supply, if too much coins are being traded then the total market capitalization will increase e.g the total market capitalization is now $2,289,811,962,356165. and with this investors now have faith in the crypto. https://coinmarketcap.com/charts/
**Coin Price**
Lastly the current price of the asset to b invested, if you are not a millionaire then don't expect to invest in bitcoin and become a millionaire. The price of bitcoin is so high and only the rich can become richer with it but if you are among average investors then you have to look for coins which has low prices and buy as many as you can. Someone who bought 25,000 Doge coins for $100 for $0.004 in 2019 today he has made $5,957 profit.
****The list of coins i believe are the best to invest in are as**** **follows**:
**Bytecoin:**
It is a private coin created in 2012, it currently cost $0.000341 per coin and its market capitalization$163,335,473 with 184,066,828,814 BCN in circulation. This coin has a potential of rising and make you rich make sure to add it to your portfolio.
**BitTorrent**
It is a file sharing token and it was bought by the owner of TRON. It is currently on number 56 which is a good sign of adoption, its current price is $0.003593 and it has market capitalization of $2,364,158,745 and 659,952,625,000 BTT are in circulation.
**Dogecoin**
It is a meme coin created in 2013, it is now sky rocketing and its price is now $0.2431 with market capitalization of $31,754,654,102 and 129,265,966,024 DOGE are in circulation and it is now ranked at number 10.
**TRON**
This one is a must have because it has a brighter future, it owns the file sharing BitTorrent and other altcoins now runs on its blockchain. It is on number 29 and the price is $0.09556 with capitalization of $6,832,731,625 and 71,659,657,369 TRX are in circulation. These are my top 4 investments you can look at them maybe you can see their potential.
The Future Giants: Bitcoin, Ethereum & BNB
Bitcoin, Ethereum and Binance are now the top 3 crypto currencies and they have been making headlines for the past weeks breaking levels and setting new all time highs. Now every investor want to be involved into these 3 looking forward to make some bucks if the price keeps on surging. These 3 we can say they have different characters with different characteristics, they are unique from others in their own way.
I am going to do a breakdown on each of them and highlight theirs advantages , disadvantages and their possible future prospects in relation to price and rate of adoption.
**Top down analysis**
**Bitcoin** has was introduces in 2009 and its value was $0.02 per coin and people loved it more to fiat money because of independence and they could enjoy freedom of their own money without Feds on their backs trying to see and control how then spend their money.
You could just send you bitcoins anywhere anytime and any amount . Bitcoins is now also used by businesses as a method of payment.
The only disadvantage of Bitcoins is that its network is now heavily congested and it is now taking longer to confirm transactions and some are even going for more than a week unconfirmed which is bad for business.
As a result of that people now has to chose to pay higher transaction fees if they want their transactions to be confirmed fast e.g you pay $13 to send $90 we can see its costly. Bitcoin tend to be cheaper when its price is lo
**Ethereum** was later then founded in 2014 and its all time low is $0.46 cents. You can imagine someone who just spent $10 and bought 21 ethereum coins that person today has $54,300 and all this is a result of ethereum being widely adopted and offers more services as compared to bitcoin, Dapps, Smart contracts and ERC-20 tokens running on it own blockchain. .
Ethereum also share the same disadvantages of bitcoin, it is now expensive to transact with ethereum.
The only thing that differs from it is, It is fast to transact with but this will discourages investors and users and this may result in new players coming into effect and they will capitalize on its weakens.
**Binance Coin** was introduced in 2017 as an ERC-20 token but later on it swapped to BEP2 tokens. It has its own exchange platform and is now on the biggest which is its greatest strength and for that reason we can expect it to outperform ethereum.
The Binance network is cheap and transactions are confirmed faster, another thing it is cheap to transact with Binance as compared to Bitcoin and Ethereum. For this reason there are higher chances that Binance can be more adopted in the near future.
How the pump and dump works in the crypto markets
Most crypto traders and investors are either involved in pumping and dumping or they are into HODLing. For newbies they might not be able to tell the difference so i am going to do a short analysis and by the end of this article you will be able to differentiate the 2 and know how each of them operate.
**What is Pumping & Dumping**
Pumping and Dumping is mostly done by Crypto currency trader and this is when traders will be looking for altcoins which are highly liquid or newly listed on the market. So as traders collectively they buy and accumulate orders and push the price up and the price will surge and they will be holding their buy positions and this is the phase they call it pumping.
Remember whatever goes up must come down, After they pump the price up there comes a time when they have to take profit. When they get to that point they will now apply the dumping phase. After some traders have seen prices going up and they happen not to have any position in the market, they will be in the **FOMO** state and this is when they will want to jump into the moving train just because the price is going up.
So when they jump in as a result of **FOMO** those who were already holding positions they will now release what they have been holding and we can say this is when they will be dumping their altcoins in the market and they will flood the market and as a result the price will fall drastically and those who got in as a result of **FOMO** they will become the victims of the circumstances.
**What is HODLing**
This is when investors buy altcoins and hold them in their wallets for a long time e.g a year or so with intentions of selling them off when they have higher value. To some they take this as a retirement investment and they will hold maybe for 10-15yrs going up.
**Conclusion**
Pumping and Dumping is mostly done by crypto traders and HODLing is mostly done by investors and on the other side there might be some traders who pump and dump then they take the profits and acquire much more stable altcoins which seem to have a bright future.
Bitcoin and Ethereum will never replace the current payment system "Fiat"
Fiat currency has been the mode of payment for decades, but currently crypto currency is finding its way in the business sector and used as a legal tender by some businesses. We all love crypto currency, bitcoin and ethereum to be specific because they are always rising and people have become rich from those cryptos. What we should know is being a good investment doesn't mean its a preferred mode of payment, there are some factors to be checked first so that we see if it qualifies:
Decentralized
Volatility
Unknown origin
Bitcoin and Ethereum are decentralized and can not be controlled and it makes it unreliable for it to replace fiat money. Unlike fiat, it can be controlled by the government and if there are some polices to be implemented its easy to do so though people hate government polices but at-least cyber crime rates will be minimized.
Bitcoin and Ethereum are volatile and their price can change over night and that's not goods for business, so with volatility it makes it unreliable to make it a mode of payment. Fiat is not that volatile and since the money market is regulated by the financial regulators it always stay in pipeline.
Bitcoin is claimed to be introduced by satoshi nakamoto and no one knows who that is and for that reason some people can not trust it to be a sole legal tender.
With these factors being taken into consideration, Bitcoin and Ethereum can be used as methods of payments but can not completely replace the whole system because of the above factors. The only threat to the fiat currency are stable coins, these are very stable and are centralized. The advantage of them is the freedom of spending your money however you want
Crypto currencies a double edged sword
Crypto currencies have been on the planet for about 11 years now and they have been heavily adopted worldwide and are now used for different purposes which include as a form of payment when purchasing things on stores and investments as well. It has been adopted for good and bad purposes which makes it a double edged sword o firstly we will see a few of its features which makes it what it is:
• Decentralized
• Free from interference
It is decentralized in the sense that no one owns it is driven by market forces and its price cannot be set by anyone which makes it decentralized.
Free from interference from the authorities it’s a safe investment and safe haven as well and everyone wants freedom when it comes to utilizing their assets but well these 2 factor are also the other edge of the sword which makes it a double edged sword which can cut from both edges.
Let’s take a look at the weak sides of crypto currency which makes it vulnerable: It is free from interference which makes it good but people tend to abuse it and take it to their advantage and use it for bad thing e.g. money laundering is always prohibited but people can take use businesses to clean their dirty money but with crypto currencies there will be no need for that as no one can track it so they will take advantage of it and use it.
So the crime rate is likely to rise and become unstoppable, back in the day drug lords when they supplied their cocaine across countries transporting their money was always a problem so they had to bribe officers but in this Era of crypto currency it will take just a few seconds for them to complete their payments. Scams These days there are lot of MLM and Ponzi schemes and crypto currencies are used for transacting so those schemes take advantage, since crypto can be sent across boarder they can create schemes and scam people from different countries.
Volatility Crypto currencies are too volatile and one can lose money when the price is fluctuating, so it might not be safe to store your money in crypto but the good thing about crypto is that there are stable coins which stabilize this and these can be used for maintaining the portfolio valuue Conclusion Crypto currencies are good, and if people would stop from doing bad things using crypto as this will create a bad name for crypto currencies. The authorities are always criticizing crypto currency so this will give them a reason to say bad thing about it but otherwise crypto is the best way to transact.
How to be successful and become the G.O.A.T
Life is not an easy road and for that reason we have so many people who failed and some even gave up. failure is not an option and once you get that into you head you will see that everything will flow better than before. The greatest enemy and barrier to our failures is our own mindset, if you have doubts in yourself how do you expect to make it in life and also how do you expect people to believe in you?
**What are the steps to conquering all the barriers?**
**Right Mindset**. If you don't take any action don't expect anyone to take do it for you: so first you should have the right mindset. No matter how hard it looks never ever give up, be like a cat if you keep on pushing it into the corner it will be forced to retaliate. So when thing go against you don't ask why me, instead say try me.
Just to prove mindset is the greatest step to take first, have you ever watched boxing? If you haven't check how the **Great** Muhammad Ali managed to defeat his opponents, he was too talkative he would scare you to death saying a lot of things just to make sure you are afraid of him. Just imagine George foreman was so fierce but Ali was not scared at all and he always said i will beat Foreman and surely he did. His tactic was to beat you in mind first then the match would be over before it even start.
**Always see the bigger picture.** As always said failing to plan is planning to fail, you should make sure you write down all you plans and goals and by that you will always remember what you are aiming. Right now if you ask anyone if he sees his self as a millionaire in the near future the answer you will get is no and you ask why? You will be told that i am poor and can afford to do anything that can make me richer to that.
John D Rockefeller did not woke up rich remember he grew up in poverty but he had a right mindset and he always saw things with a bigger picture and that why he became a billionaire so with a perfect state of mind you can be like him. Start small but with a bigger pictures and you will see how simple it is. Its obvious life is full of ups and downs but you will get there someday.
One last thing, always see how successful people made it in life and you will see that the struggle is real. It motivates more when you learn from actual people who have been there before.
Check some of my articles um sure they will be of help and dont forget to subscribe to get new posts.
Why Monero is better than Bitcoin
Investing in the most perfect crypto currency is the best thing you can think of, you wouldn’t go for some investment you are not sure of, or if you know that it has so much drawbacks. Bitcoin has come a long way has been dominating the markets, there is no doubt that it is the most adopted crypto currency in the world.
It has its good side which makes it powerful, but as you know whenever a competitor comes he makes sure that the weaknesses of his opponent are well perfected and makes them his own strength. That’s the way to outperform a competitor who is well established.
**What are the weaknesses of bitcoin?**
Higher transaction fees. Bitcoin has higher transaction fees which makes it expensive to transact with, investors wouldn’t want to make transaction with a currency they know is expensive to send. The more you make transactions with bitcoin that’s the more it will costs you e.g. sometimes transaction fees of bitcoin can reach $3-$5 so imagine if you make a lot of transactions per day how much would you lose?
Privacy. This is its main weakness, it lacks privacy and it exposes the transaction details to the public and this will make its investors vulnerable and prone to attacks. There are high cases of exchangers being hacked and bitcoins stolen by hacker e.g. cryptopia was hacked and bitcoins stolen
Low mining speed. The mining algorithm of bitcoins is a bit slow as compared to others, it takes 10 minutes to produce a new block on the blockchain which is much slower.
**Here comes the new challenger**
Monero is the top contender and it has outperformed bitcoin and has perfected its weaknesses and now it has made them its strength, so its checkmate in favor of Monero
**What is Monero?**
It is a decentralized crypto currency released in 2014 by 7 developers and their intention was to make a secure coin which offers anonymity to its users so as to protect their accounts. It uses Proof of Work for validating its block. This coin is untraceable and uses digital signatures for securing the transactions.
**Advantages of Monero over bitcoin**
Monero has low competitive transaction fees as compared to bitcoin which makes it cheap and the most preferred to transact with.
Mining algorithm of Monero is more advanced and faster than of bitcoin, bitcoin is 5 times slower than Monero on the time taken to mine a block.
Lastly Monero knocks out bitcoin when it comes to privacy. Monero uses better technology which protects the transaction and is untraceable, users can relax and not fear for their accounts being hacked.
**Conclusion**
Bitcoins is a good crypto currency but Monero is a better investment with a tight layer of security. Its use of stealth addresses makes it a beast when it comes to privacy and security. If you are a person who would like to enjoy privacy then Monero is your crypto coin.
A possible threat to privacy crypto currencies
Decentralized crypto currencies with thick layers of security are the most preferred coins when it comes to investing and transacting with. With them your transaction details will be safe because the transactions are untraceable.
There are a lot of these coins, the likes of Monero, Zcash, and Komodo etc. these privacy crypto currencies are mainly used by the dark web users. Let’s see their good and the bad side.
**The good and bad side of them**
The good side. We always enjoy the great services offered by these great coins, our transactions are safe from the bad guys who are always after our hard earned monies they won’t be able to trace our transactions because the protocols used are so secure and stealth addresses are used together with ring signatures.
With the currency bank system whenever you try to make a transaction which involve large amounts, the authorities will be on your back, so crypto currencies with option of being untraced are the best coins.
The bad side. This bad side is a just a rotten good side, it’s a good side which tends to be abused by the bad guys. The dark web guy who do illegal acts such as money laundering, buying illegal weapon and funding the war terrorists and that is a big threat to the world.
If illegal activities using coins like Monero or Zcash then those criminals won’t be put to justice because there is no way to prove the transactions they will just go free.
**Possible threats to privacy coins**
Those coins are prone to attacks by the authorities and are likely to be banned and they will drastically fall and might not recover this. There was a time when Japanese authorities said something about banning secure and untraceable coins, those coins fell.
If they are to be banned today Monero will likely fall and it will be its end as it uses Cryptonote protocol which has total privacy and maintain anonymity of senders, but Zcash might survive this because it has an option of showing the details or sender so it can transparent if the sender wants.
**Conclusion**
So if investing in secure crypto currencies it will be wise to invest in secure coins which have an options of revealing the transaction details so that if it happens that the authorities ban them you will not suffer insignificant losses. So Zcash is the best secure coin and safe to invest in.
Who knew life could be this stressful?
I was born and grew up in the jungles of Africa and Zimbabwe is were i originated. As we all know in African countries life is always tough, We always struggle to make ends meet, we really need to live for tomorrow but unfortunately the state we are in always drag us down.
I always hoped to become someone ahead of the situation,the harder you try to make it work its like you will be making it worse on the other hand.
Year after year we always set goals expecting to achieve them, but this year it was a huge blow to us all. Everyone was affected no-matter who you are and were you are from, the Covid-19 pandemic is a thorn in flesh. We hoped the well developed countries with a lot of resources could tackle it down and put it under control but yooh its something else, it seems like those countries are the ones recording high death rates.
Who do we put our trust on? The health sectors is failing and we have lost hope, masks and sanitizes can not save us fro this, its just trying hoping to see a change but truly speaking we have to put all our faith and trust in God, he is our only savior and our only hope.
With faith we can conquer and all will be well, it might take longer but we will get through this.
USDT vs Fiat Currency
USDT is a cryptocurrency based on blockchain and it is said the number of its coins in circulation are backed by traditional currencies e.g. Euro, USD and others but early last year the company behind the Tether announced that its coins are also now backed by loans though admitted they are not 100% backed by dollars.
Fiat currency these are the traditional currencies we use globally e.g. US dollars, Japanese Yen and others and they are issued with the government of their original countries
**Benefits of USDT over Fiat**
Freedom with no limitations
No track record which makes it safer from authorities
No Government interference
**Benefits of Fiat over USDT**
well regulated
Can be tracked as it has records
Government has control over it therefore it can control its supply and control inflation
**The disadvantages of USDT**
money launders and criminals can take advantage of it and do illegal acts transacting with crypto and not tracked but with Fiat the rate of crime is less as compared to Crypto.
Just to be short and precise, USDT is now becoming the safe haven and it saves a lot of time as you will no longer have to go the banking process and it is stress free.
Why read.cash is by far th best blogging site as compared to other sites?
Making money through blogging is a journey and not an easy road. You will always come across different blog site trying to find the best which is user friendly and with best features. Lets take a look at th features which makes read.cash th best.
**Less complicated**
On this journey i have been wondering how i will manage to get the best blog site and the first site I thought of was ***Steemit***. I tried to open an account with them and there was an option where you had to pay for your account to be approved fast and i did not select that option i chose the free option and it has been 3 months now since my account has not been approved and i jus gave up.
Then i went on to open an account with ***Publish0x*** and I applied to become an author, that site is just something else no matter how hard you try to become a perfect blogger they just drag you dow and you will end up so frustrated. Its either you articles are just deleted and you will be given a reason that you article is of poor quality and you lose your authorship. No matter how much you want to improve your self and become the best you will lose focus and i gave up on them.
Then i later found out about read.cash i don't want to lie the site is so perfect. It moulds you to become a perfect blogger, it doesn’t select wether you are a newbie or they accommodate every and this motivated me so much and um in love with the site.
**Fast withdrawal Process**
At Publish0x withdrawals are only done on Monday's only and i have mo than 3 weeks trying to make a withdrawal and its just cancelled . The process is so frustrating bt here at read.cash withdrawals are instant and you can withdraw anytime.
**Conclusion**
These 2 factors are just a few amongst other facts and it proves read.cash to be the best, it doesn’t discriminate or frustrate its users by any means. This is my favourite spot and its here to stay.
Trading brokers
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True fact of life
Blessing & Curses n life, they cum n form of people, if u want tu b derailed frm yo path, if u want tu destroy yo future or destiny its only a matter of meeting 1 or 2 wrong people & yo life goes in wrong direction
Blessing & Curses n life, they cum n form of people, if u want tu b derailed frm yo path, if u want tu destroy yo future or destiny its only a matter of meeting 1 or 2 wrong people & yo life goes in wrong direction
Why Monero is better than Zcash
These two crypto currencies are the most outstanding when it comes to security, privacy and being untraceable among other currencies. They are both designed and built for maintaining anonymity and are the best when it comes to that and they all have some other good features apart from that.
If Zcash is the best in performing secure and untraceable transactions then Monero is the undisputed champion, because it surpass Zcash by a few things. Let’s see what the main difference between these two champions is. •
*Less transaction fees*
*Liquidity*
*Security*
**Transaction fees**
Monero has a fast blockchain and a lightning network for confirming transaction its even faster than of bitcoin and the fees are better than of bitcoin but it is outperformed by Zcash by a small margin when it comes to less fees, therefore when it comes to this Zcash has the best to offer.
**Liquidity**
The law of supply and demand plays a pivotal role in the markets and it has to be well balanced, Zcash has low supply than of Monero and it has higher chances of being the most expensive crypto currency but liquidity is most thing to look for. Zcash has a market capitalization of $481 million and 24 hour turnovers of $200 million against $1.1 billion of Monero. The return on investment (RIO) of Monero is +2.484.69% and Zcash has -98.81%. It is crystal clear that Monero is highly liquid than Zcash and this makes it the best when it comes to liquidity.
**Security**
Both coins are secure and were created to protect user’s data, transaction details are private and untraceable. Zcash uses zk-SNARKS and it allows the sender whether he want his transactions details to be private or revealed to the public. Monero uses Cryptonote and with its protocol there its total anonymity, there is no option of choosing whether you want to reveal your transactions to the public or stay private. With this protocol Monero guarantees total privacy than Zcash and therefore Monero is the winner in this category.
**Conclusion**
Both coins are good investment, they both offer great services but whenever there is a comparison there is always a winner. Zcash is good at security but Monero was better, I had to look beyond security and see other factors so that I could come up we a full comparison and a better judgment so I compared the transaction fees because it matters most and I had to check liquidity as well and the numbers do not lie and it proven Monero is best at security and beyond that.
How market are manipulated
ether you are trading in the Crypto market, Forex market or Stock market you must be able to know the support and resistance levels, then you should know the supply and demand zones.
Financial and Crypto market are not a gamble so you have to know what you are doing in the market for you to make money because if you don't the Big Sharks on the wall Street will feast on your money which they refer to as dump money.
**The Nature of Every Business**
As we all know people setup businesses in order to make money not to loose money. So how do they do that: if they are in the buying and selling business "they buy low and sell high" that is how they make exuberant profit. That is how the financial markets are like, the big whales are more like buyers they buy and sell letter at higher prices.
card
**How do they trick us?**
When a new day starts they first offload the orders they have been holding the previous day and trick us by going on an opposite direction to which they will go for the rest of the day e.g, if the trend today is suppose to be bearish then when they open they go bullish and take everyone out then later they go their planned trend.
How can we overcome this?
Don't fall for their trap and trade like them:
**Supply Zone**
This is a market level were the market makers liquidate all their positions and they offload to us meaning as they drive the price down they will be selling to us at higher prices then when the price hit the ground they start buying from us and drive the price up again and make profit.
**Demand zones**
These are the zones were the big whales accumulate their orders and drive the price very high taking full advantage of the swings.
So for you to catch these trends use higher time-frames and trend with them, when they buy you should buy and when they sell you should sell. When the price is falling don't try to buy let it hit its lower and then buy, its just like a knife when its dropping don't try to catch on its way down because you will be cut, wait for it to hit the floor then pick it up.
The jungle feed on the weak, the greedy, the impatient and the old so as the markets.
@drmudpro
