CryptoTraderNews Archives - Page 5 of 20

FridayNov 22, 2019 1:18 pm

The Highs and Lows of a Bitcoin Decade

In the past decade, Bitcoin has performed extraordinarily well. Born in the ashes of the 2008 recession and global financial crisis, it rose like a phoenix with the intention of being a “P2P Electronic Cash” outside the central banking system and government control. Bitcoin has come a long way with its highs and lows. The journey began in 2009 with the published whitepaper called Bitcoin: An Electronic Peer-to-Peer Cash System. While it took several years to be adopted outside of of the programmer and developer realm, Bitcoin has become somewhat of a success story, began a digital revolution, and spawned…

ThursdayNov 21, 2019 12:54 pm

The Elevator Pitch for Blockchain Technology

Blockchain technology is trending this year and the latest challenge that traders and industry insiders face, is explaining the concept of Blockchain to others in 500 words or less. I’ve been to my fair share of blockchain conferences and most attendees go like this, “What is blockchain yechnology; can you explain the concept in brief?” Now, why is the elevator pitch so important? Because it conveys the message succinctly and keeps your audience, or future investor, engaged. If you have a project but haven’t put together your pitch, you might want to work on that. Now, before I get sidetracked,…

TuesdayNov 19, 2019 9:27 am

Preparing for a Recession: Bitcoin or Gold?

While the news of Bitcoin making the most out of the fear of recession is doing the rounds, the real-world narrative is completely different. Even though the DJIA is breaking records, there are those who believe what goes up must come down. These are the people who are prepping now for an eventual recession. The question is, are they investing in Bitcoin or gold? Bitcoin has been hailed as a digital alternative to gold but people are still nervous about adopting it because of the volatility of the crypto markets. For example, Bitcoin’s price plunged by up to 47.39% from…

MondayNov 18, 2019 12:45 pm

Five Below to Get into Esports?

Five Below (FIVE) has been on an upward trajectory over these past five years. The share price was at $42.00 in November 2014 and is now at $126.74. Shareholders in Five Below have seen substantial returns over the past five years. It is an intriguing firm in an age where traditional retailers are going into bankruptcy or face significant debt burdens. Sears, JC Penney, Forever 21, and other name brand stores struggle while Five Below continues to gain confidence from its shareholders. The publicly-held chain of discount stores, based in the United States, built its brand on items within the…

FridayNov 15, 2019 12:42 pm

Is Bitcoin an Efficient Currency?

When Bitcoin was first used for settling payments, banks and fiat supporters concluded that Bitcoin, as an actual payment mechanism, was a failure. It was slow, taking a minimum of ten minutes up to several hours to process a payment; it was unpredictable, complicated and definitely not user-friendly. To use Bitcoin as a remittance tool, especially in the beginning, relied on untested third party vendors that could easily take your Bitcoin and run, or challenge a transaction if you had the misfortune of being scammed through LocalBitcoins or PayPal. In addition to rampant scams, they were prone to hacks too.…

ThursdayNov 14, 2019 12:06 pm

Choosing Bitcoin Over the Dollar in Africa

Would it surprise you to hear that there are countries in Africa that are choosing Bitcoin over the dollar? The following article relays some of the critical points for Bitcoin adoption and why this technology is enabling under-served people the ability to connect to each other and grow financially. Bitcoin as a Global Hedge The promise of bitcoin is peer to peer value transfer without third parties such as banks. Peer to peer value transfer is happening daily on the bitcoin network. Individuals can send value in seconds to people all over the world without fear of frozen funds (via…

WednesdayNov 13, 2019 1:16 pm

TransferWise Should Get Into the Blockchain Space

Founded just shy of a decade ago and based in London, TransferWise is an online money transfer service that supports more than 750 currency routes across the world. Founded by Taavet Hinrikus and Kristo Käärmann, both born in Estonia, TransferWise provides multi-currency accounts that includes USD, EUR, GBP, CAD, AUD, and more. Hinrikus and Käärmann’s initial concept for TransferWise was to offer services much different than traditional currency transfers. Instead of being a broker that takes the difference between the buy and sell rates, TransferWise uses the inter-bank mid exchange rate and charges a small, very reasonable commission. From launching…

TuesdayNov 12, 2019 12:00 pm

Altcoin Predictions: The Top 10 In 2020

While the cryptocurrency industry is always expanding, the next great digital token may be released tomorrow for all anyone in the crypto community knows. Bitcoin is widely seen as a pioneer in the world of cryptocurrencies, analysts adopt many approaches for evaluating tokens other than BTC. It’s common, for instance, for analysts to attribute a great deal of importance to the ranking of coins relative to one another in terms of market cap. Let’s dive into the list of top 10 altcoins for 2020. Litecoin (LTC) Litecoin launched in 2011 and was among the initial cryptocurrencies following Bitcoin. Often referred…

MondayNov 11, 2019 12:16 pm

Everything You Need To Know About Crypto Trading Bots

Crypto trading involves monitoring, analysis and predictions, but manual trading comes with several down sides. The emergence of trading bots has also reached the crypto market and we’re going to give you a short 4-1-1 on crypto trading bots. Why? Because trading bots automatize the trading process. Brokers and financial traders have been using automated software to make their trades for them. Nearly 75% of trades on U.S. stock exchanges are made on an automated basis. Even people without prior trading experience are able to get involved into the Bitcoin and altcoin markets with the use of such bots. Just…

FridayNov 08, 2019 12:44 pm

What Is Global Macro Strategy Investing?

The Rise of Macro Strategies? Investors turn to Global macro strategies when they expect significant volatility and experience S&P 500 peak-to-trough drawdowns. Drawdows and volatility may occur from economic and political uncertainty. Savvy investors may want to hedge against potential loss by employing Global macro strategies in their portfolios. The Man Institute points out that macro strategies usually do well in uncertain times and prove to deliver robust returns when implemented properly. We’ve seen macro strategies play well in the dot com crash and in the more recent housing and credit crisis. Sophisticated macro strategies may provide outsized returns and…