FXB trading Posted January 23, 2018 Author Share Posted January 23, 2018 Is this the best time to get into cryptocurrency? The financial news has been filled with headlines about cryptocurrency for over a year now and this has undoubtedly played a part in the huge increase in value the likes of Bitcoin and the rest have experienced. While plenty acted quickly and got in on cryptocurrency, many other potential investors who have been cautiously considering making a move have held back fearing that the opportunity had gone when Bitcoin reached $20,000 and others like Ethereum and Ripple started making big gains. Warnings about bubbles, regardless of who was making them, have largely gone unheeded. New price records have been set then broken on a regular basis. However, a market correction was always going to happen. It’s been nothing like the drastic fall some commentators have predicted (remember Bitcoin was valued at around $900 in December 2016). However, on January 17 Bitcoin has tumbled to around $10,000 after reports that a ban on trading of cryptocurrencies in South Korea was possible. The fears of a regulatory crackdown sparked a domino effect on the broader cryptocurrency market with Ethereum dropping 23 per cent and Ripple 33 per cent on the same day. While some may view this as the beginning of the end of cryptocurrency trading, it’s more likely to be the breather this market will take while the new financial instruments that are growing up around cryptocurrencies settle in and the authorities firm up their decisions on how virtual coins will be regulated. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted January 25, 2018 Author Share Posted January 25, 2018 Forex coaching pays dividends Trading forex is a bit like driving, if you don’t get a few lessons from someone who knows what they’re doing you’ll probably crash. A good forex trading coach will help you become a profitable trader far sooner than if you dive into trading without proper training. A good trading coach, much like a good driving instructor, is aware of the mistakes a novice is likely to make and is able to steer you around or away from them and can explain why a certain course of action or choice is the better option. Much like driving, most of us want to learn so that we can use it safely, frequently and of course successfully. Driving without caution or at high speeds, without understanding the dangers, mirrors unprofitable or high risk trading and inherently increases the chance of losing money. Once you’ve accepted that coaching is the best way to start the next step is choosing which coach is right for you. In most situations where you need an expert, your natural instinct is to gravitate to the best available. This is where most people run into their first hurdle, as the industry is littered with so-called ‘forex gurus’ but who are not even professional traders. A recommendation from someone you know and trust is always a good place to start, but if no-one you know can advise you on coaching for forex trading there are some things to look out for which will help you make an informed choice. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted January 30, 2018 Author Share Posted January 30, 2018 How to choose technology and industrial stocks The common denominator for everyone who invests in stocks is to make predictions on the price evolution in order to capitalise on market movements and consequently make money. But how they go about it is dependent on how risk averse they are, and the time frame over which they want to realise profits. Investing in the stock market is both an intellectual challenge and a reflection of your own character. Before you decide which stocks to pick you need to understand what kind of investor you are. Growth investors tend to focus on a company’s potential for future profits, and whose earnings are rising the fastest. Since growth-oriented investors are interested in big future earnings, they are often willing to pay a high price for a stock relative to what it earns right now. The metric used to value stocks here is the price-to-earnings ratio (commonly referred to as the P/E). Value investors hone in on the current value of a company’s assets (factoring in its debts), and look for stocks that are cheap compared to those assets. Optimistic forecasts for profits are less important for them so they end up buying stocks with lower P/E ratios. Taking the value approach sounds like a more conservative approach, but there is the risk that these stocks go out of style for long periods of time. What may have initially looked like a bargain may turn out to a bad investment which other investors avoided because they identified serious problems with the business. That’s why solid research is critical when buying stocks, and the most common advice you’ll read about investing in stocks is to diversify. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted February 5, 2018 Author Share Posted February 5, 2018 If you are interested in buying cryptocurrencies, there are many crypto exchanges operating all around the world that allow you to buy cryptocurrencies. It is a good idea to register and verify your accounts with multiple exchanges. The reason for this is that the process can take time if there is an increase in registrations every time there is an increase in the price of Bitcoin. Different crypto exchanges have different features, fees, policies and coin listings. Leading brokers usually allow clients to use fiat currencies to buy cryptocurrency. These are traditional currencies such as Euros, Dollars and the British Pound. A guide for buying cryptocurrencies Once you have a basic understanding of cryptocurrencies, you can follow the steps below in order to start building your own portfolio. 1) Open an account with a cryptocurrency exchange The first thing you need is to know where to buy cryptocurrencies. If you want to buy Bitcoin, there is a wide range of exchanges to choose from. Make sure your desired cryptocurrency is listed on the exchange. Always research your chosen cryptocurrency exchange and read reviews. 2) Choose the cryptocurrencies you want to invest in long-term You can invest in multiple cryptocurrencies. However, it is advisable to start with one currency first. There is a wide range of cryptocurrencies to choose from. There are thousands of cryptocurrencies available on exchanges around the world. If you want to invest, you should enter initially with small amounts to familiarize yourself with the basic functions of the exchange. It is also important to get used to the market volatility so that you don’t panic sell. During a rapid fall in prices, price swings can be huge in a very short period of time. 3) What price is your chosen cryptocurrency trading at? An important thing you need to take into account is the price of your preferred cryptocurrency. For instance, you need to determine if it is cheap, at a high price or a low price. You should never make a purchase based solely on the price, but you should consider other factors as well. These factors are valuation, the available supply of currency, the technology it uses and the targeted market. In order to maximize your gains, it is essential that you apply the ‘buy low, sell high’ principle. This is a successful cryptocurrency trading strategy. 4) Store your cryptocurrencies in a wallet A cryptocurrency wallet acts like a bank account for your cryptocurrencies. Bitcoins are stored in a bitcoin wallet and Ethereum coins are stored in an Ethereum wallet. The same applies to all other cryptocurrencies which are stored in the appropriate wallet. Basically, a wallet is software which communicates with the network. You can tell the blockchain when you want to send or receive transactions. Cryptocurrencies can be stored both online and offline in a paper wallet or a hardware wallet, and can also be stored on the exchanges where you bought them. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted February 7, 2018 Author Share Posted February 7, 2018 A beginner’s guide to trading cryptocurrencies Cryptocurrency trading Cryptocurrency trading is becoming more and more popular and many investors are jumping on the cryptocurrency bandwagon. However, it is essential to understand that trading cryptocurrencies is not necessarily a ‘Get rich quick scheme’. Before you start investing in cryptocurrencies, it is important to do your research. Read our guide and find out all you need to know about trading cryptocurrencies. What are cryptocurrencies? Cryptocurrency is a digital or virtual currency that uses cryptographic techniques to secure transactions and control the creation of additional units of the currency. Cryptocurrencies are a digital asset and exist only in an electronic form. What are the most common cryptocurrencies? The most common cryptocurrencies are Bitcoin, Ethereum, Ripple, Litecoin, Dash, Monero, and Zcash. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted February 7, 2018 Author Share Posted February 7, 2018 A beginner’s guide to trading cryptocurrencies Cryptocurrency trading Cryptocurrency trading is becoming more and more popular and many investors are jumping on the cryptocurrency bandwagon. However, it is essential to understand that trading cryptocurrencies is not necessarily a ‘Get rich quick scheme’. Before you start investing in cryptocurrencies, it is important to do your research. Read our guide and find out all you need to know about trading cryptocurrencies. What are cryptocurrencies? Cryptocurrency is a digital or virtual currency that uses cryptographic techniques to secure transactions and control the creation of additional units of the currency. Cryptocurrencies are a digital asset and exist only in an electronic form. What are the most common cryptocurrencies? The most common cryptocurrencies are Bitcoin, Ethereum, Ripple, Litecoin, Dash, Monero, and Zcash. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted February 9, 2018 Author Share Posted February 9, 2018 How far will cryptocurrrencies go for security? Zcash go nuclear to generate random numbers to ensure security of digital coin in latest step by cryptocurrencies gain acceptance The security of cryptocurrencies is an issue for some people. The founders of digital coins know that stories about exchanges being hacked damage their image. For cryptocurrencies to be commonly used by the general public they must gain trust. The same trust that people have in the bank coins and notes they use to buy goods and services. The developers of privacy-obsessed digital coin zcash have gone to unique (and extreme) lengths to ensure their digital currency’s security. Zcash used nuclear waste from the infamous Chernobyl power station to create low-level radiation. This was converted into random numbers to generate zcash’s public cryptography parameters. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted February 14, 2018 Author Share Posted February 14, 2018 Samsung joins cryptocurrency bandwagon Samsung reveals plans to create mining chips as it officially enters cryptocurrency arena Samsung have announced that their foundry business makes chips designed for cryptocurrency mining. The move was reported by Korean newspaper The Bell who revealed the chips will be application-specific integrated circuit (Asic). It marks the first official move by Samsung into cryptocurrencies. Garrick Hileman, a cryptocurrency researcher from the University of Cambridge, said the move indicates that Samsung does not see Bitcoin as a bubble that is about to burst. Samsung’s foundry business is currently engaged in the manufacturing ocryptocurrency mining chips Bitcoin may be the biggest and most popular cryptocurrency today. However, it has been joined by many others over the years with new coins being launched regularly. Samsung’s chip manufacturing decision is clearly influenced by more than Bitcoin. The combined market value of cryptocurrencies has gone from less than $20bn to more than $540bn making it impossible to ignore. The South Korean company’s semiconductor business is booming. It overtook Intel to become the world’s biggest chipmaker last year. Asic chips are designed to carry out a single task, which in this case is mining. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted February 16, 2018 Author Share Posted February 16, 2018 Everything you need to know before you buy cryptocurrencies A $1000 investment in Bitcoin in July 2010 is now worth more than $141 million . Unbelievable! (value correct on 13/2/18) You’ve been following cryptocurrencies for a while and seen Bitcoin rise in value from cents to its highest point of almost twenty thousand dollars. You have been thinking about joining the crypto rush but your knowledge is very limited. You want to invest an amount of $500 and are probably wondering which cryptocurrencies to invest in. However, before you buy, you should do your research in order to find out everything there is to know about cryptocurrencies. To help you, we have compiled our own research. Read on to find out more. What is Bitcoin? Bitcoin is a popular digital currency created and stored electronically. It is digital money that is not linked to any financial institution, banking or currency system which can be transferred between individuals without any financial intermediaries. What makes Bitcoin valuable? Bitcoin gets its value because many people want to trade and accept it. It follows the basic rules of supply and demand. As people hear about others making money from cryptocurrencies, they buy their own and this makes the price increase. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted February 20, 2018 Author Share Posted February 20, 2018 Cryptocurrency will play a big role in our lives in the future The growth of cryptocurrency and blockchain The interest in cryptocurrency is often referred to as the ‘digital gold rush’ attracting thousands around the world to invest in cryptocurrencies such as Bitcoin and others like Litecoin, Ethereum and Ripple. The value of Bitcoin is linked to sentiment – whenever people rush to invest, the prices go up and when people decide to sell, the price goes down. This volatility has resulted in prices skyrocketing. In 2017, Bitcoin surged in valued from $830 to $19300 and is now fluctuating around $8,000. Other cryptocurrencies like Ripple and Ethereum are following a similar trend. This cryptocurrency rollercoaster has helped lucky investors to make fortunes. Blockchain, the technology behind Bitcoin and other cryptocurrencies, was designed to facilitate, authorise and log the transfer of bitcoins. How does blockchain technology work? Blockchain is a shared database populated with entries that must be confirmed and encrypted. Traditional databases are owned by a central authority like banks and governments, but blockchain does not belong to anyone. The impact that blockchain technology is having is similar to the impact of the internet in the 90s. As society becomes increasingly digital, financial services providers are looking to provide customers with more efficient, secure, and cost-effective services. Therefore, blockchain technology will become more applicable to our daily lives. Bitcoin and all cryptocurrencies depend on blockchain technology that makes transactions so secure that they are almost unhackable. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted February 20, 2018 Author Share Posted February 20, 2018 Cryptocurrency will play a big role in our lives in the future The growth of cryptocurrency and blockchain The interest in cryptocurrency is often referred to as the ‘digital gold rush’ attracting thousands around the world to invest in cryptocurrencies such as Bitcoin and others like Litecoin, Ethereum and Ripple. The value of Bitcoin is linked to sentiment – whenever people rush to invest, the prices go up and when people decide to sell, the price goes down. This volatility has resulted in prices skyrocketing. In 2017, Bitcoin surged in valued from $830 to $19300 and is now fluctuating around $8,000. Other cryptocurrencies like Ripple and Ethereum are following a similar trend. This cryptocurrency rollercoaster has helped lucky investors to make fortunes. Blockchain, the technology behind Bitcoin and other cryptocurrencies, was designed to facilitate, authorise and log the transfer of bitcoins. How does blockchain technology work? Blockchain is a shared database populated with entries that must be confirmed and encrypted. Traditional databases are owned by a central authority like banks and governments, but blockchain does not belong to anyone. The impact that blockchain technology is having is similar to the impact of the internet in the 90s. As society becomes increasingly digital, financial services providers are looking to provide customers with more efficient, secure, and cost-effective services. Therefore, blockchain technology will become more applicable to our daily lives. Bitcoin and all cryptocurrencies depend on blockchain technology that makes transactions so secure that they are almost unhackable. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted February 23, 2018 Author Share Posted February 23, 2018 Virtual trading and the global economy We have seen the rise of the virtual world in the twenty first century, which is a world that exists entirely on the internet. The currency that is used is known as bitcoin, but it does not possess any physical form. Bitcoin has now become a widely used currency, especially in China, the economic powerhouse. However, the lack of physical form makes bitcoin completely different to what money should be. A long time ago, the value of money was exactly what it was made of. Gold coins were made, and their value depended on the amount of gold in circulation. Nowadays, most money is printed on paper, which does not have that much value. Therefore, the government can print as much money as it wants as long as it has the cheap materials needed to print the money. Bitcoin is the next step in this worrying trend regarding the creation money. Bitcoins have no physical form, and they cost almost nothing to create. However, using bitcoin is very convenient as online transactions can be carried out using a currency which is suitable for expediting simple financial transactions. Read more.. Quote Link to comment Share on other sites More sharing options...
FXB trading Posted February 27, 2018 Author Share Posted February 27, 2018 Adapting to Bulls and Bears Bulls and Bears characterizes and defines the volatile market conditions. Bulls and Bears is a term which is common in the trading world, increasing the hopes of traders as well as shattering their expectations! But what do they really represent? Bulls and Bears actually describe market conditions, whether stocks and/or currencies are increasing or decreasing in value. They also demonstrate the mood of the investor, and indicate subsequent market trends. A bull market describes a market that is increasing which is shown by an increase in market share prices. This situation causes a psychological boom installing faith in investors and resulting in a positive long term trend. This tends to happen in countries with strong and solid economies with high employment levels. A bear market causes the opposite psychological effect; it characterizes a falling market with share prices continuously falling, so results in a downward trend persuading investors that this market decline will continue over the long term. It leads to an increase in unemployment as employers begin to dismiss workers. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted March 1, 2018 Author Share Posted March 1, 2018 Bitcoin value can reach $50k this year Bitcoin value has dropped by almost 45% after hitting a high of almost $20k this month but some experts feel the crypto currency is set to climb again in 2018 Investors who joined late will feel the latest headline about Bitcoin value is a bad joke. Most people who invested in Bitcoin recently are sitting on negative equity or have cashed out losing. Ethereum and Ripple backers have similar stories to share with their Bitcoin owning counterparts. But for portfolio manager Jeet Sign cryptocurrency volatility isn’t surprising and he envisages Bitcoin’s value hitting $50k this year. Singh gave his views about cryptocurrencies to RT while attending the Davos Economic Forum in Switzerland. He’s been operating in the cryptocurrency space for the last six years. He’s seen similar volatility time and again. And he’s also experienced fluctuations by more than 80% and above on a regular basis. Singh drew comparisons between cryptocurrency and the early performance of Microsoft and Apple stock. “If you look at Microsoft or Apple when they went public their stocks were very volatile because the market wasn’t mature,” he said. The lack of vendors accepting cryptocurrencies as payment results in cryptocurrencies being used more like as a store of value. However, in countries with high inflation (Indonesia and Thailand) cryptocurrencies are more readily accepted. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted March 6, 2018 Author Share Posted March 6, 2018 Join the few who gain from economic Armageddon The warning signs that a market crash is looming are becoming louder and more frequent. Despite this, most market participants are behaving like it can never happen. In fact, bullish trading is pushing the markets to new highs on an almost daily basis. The warnings are seen, heard and then ignored. Join the few who will take advantage of what’s about to happen. The same few who profited handsomely when billions were lost in the last global economic crisis almost a decade ago rather than those who simply follow the herd. For most people these warnings are like the graphic images printed on today’s packets of cigarettes, they spell out the dangers and yet all the same people are still smoking. Warnings about an impending market crash are being made by people who predicted with considerable accuracy in 2006 and 2007 what was ahead when the US sub-prime mortgage market collapsed and triggered the global financial crisis. The one thing these analysts can’t predict is an exact time and place for when the crash will happen. It’s the same reason people continue to smoke; nobody can say with certainty the number of cigarettes required to kill a person. So, trading continues regardless until the day the sudden dramatic drop in prices exceeds the 10 per cent threshold that officially marks the point that the crash has arrived. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted March 8, 2018 Author Share Posted March 8, 2018 Do zombie banks provide real liquidity? A zombie bank is an alarming characteristic of the modern economy. What is a zombie bank? The term zombie bank refers to a financial institution that has an economic net worth which is less than zero. Basically, it signifies that this financial institution is in debt. A financial institution that is in debt should not be called a financial institution as it does not have any money to provide to people. In addition, it should not be trusted with people’s money as this money may actually be used to pay off debts. Nevertheless, even though zombie banks are in debt, they continue to be called financial institutions. They can continue performing in this capacity because their debts are settled through credit provided by the government. What is liquidity? Liquidity is a term used to describe a market’s ability to sell an asset quickly without lowering its price. This generally happens when the specific asset is in high demand, and will be sold off quickly regardless of the market’s requirements. For example, gold is an asset that is almost always in high demand. Therefore, the gold market has a high market liquidity. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted March 13, 2018 Author Share Posted March 13, 2018 Why most traders do not succeed in forex trading? Making profits through stocks and shares is not an easy job. Inadequate trading methods, lack of confidence, patience and discipline can lead to a lack of success in the stock market. A trader should really know the tricks of trading. Inexperienced traders, who lack insight, risk all their money in one stock without planning before investing. Planning is a necessary standard in the stock market as complex trading techniques and lack of planning will contribute to the failure of the trader; therefore, successful traders always develop a plan. Lazy traders will definitely fail Without significant planning a trader will fail. Many traders are too lazy to develop a successful trading plan as it requires a lot of effort. Effort is necessary for success in the stock market, not just luck. Traders who are too confident and lazy are always in a hurry to chance their luck, which results in failure. Read More Quote Link to comment Share on other sites More sharing options...
FXB trading Posted March 15, 2018 Author Share Posted March 15, 2018 Why FXB Trading has chosen Bitpay FXB Trading is accepting bitcoin payments through Bitpay, a leading Bitcoin payment service provider. Bitcoin (BTC) is an online virtual currency with no centralized exchange. It is a unique electronic currency which is increasingly popular worldwide. Advantages of Bitcoin One advantage of Bitcoin is that there are no transaction costs. All bitcoin transactions are digitally recorded on public networks without banks or clearing agencies playing a role. There are normally no transaction costs involved in bitcoin, even for global transfers. In addition, bitcoin allows customers to transfer in and out of bitcoin toward any local currency with minimum effort. Furthermore, Bitcoin is particularly beneficial for traders from developing countries. This is because they have restricted access to wire transfers or credit card payments. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted March 20, 2018 Author Share Posted March 20, 2018 Rule the market through a confident trading approach The foreign exchange market is a decentralized market that is meant for trading currencies. The forex market determines the value of currencies. The magnetic power of money has motivated the investors to invest in stock markets. Earning money through equities is not an easy task. You need extensive research and lots of discipline, patience and confidence. You need to be able to interpret the market. Due to the volatility of a market, investors are in a continuous dilemma whether to invest or not. Market volatility causes the investors to lose trust in the stock market and shut themselves off from stock markets. Ideal investors must know how to deal confidently with this volatility. People who lack confidence cannot sustain the highs and lows of the marketing trends. Thinking about the winnings You need to be confident in order to trade efficiently. Trading efficiently helps to develop confidence. Confidence and perfect trading habits are almost equivalent. Low level of confidence can negatively affect trading performance. Thinking about your winnings can make you a winner. It is necessary to think about your wins, and it is necessary to consider the factors that result in the win. Important factors must be noted in a trading journal to record the trading policies that prompted the win. You must memorise trading techniques in order to acquire trading skill which will make you more confident in trading. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted March 22, 2018 Author Share Posted March 22, 2018 Litecoin rising. Momentum returning to cryptos? Litecoin value has almost doubled in two weeks and stands out amongst general increase in prices among main cryptos recently There are signs cryptocurrencies are on the rise with Bitcoin near $10,000 (February 16) and a Litecoin surge grabbing attention. As the case with most cryptos Litecoin recently dipped following record highs. However, it broke $214 (February 16) from a low of $110 on February 2 suggesting further price increases are imminent. Litecoin’s gain has stood out amongst a general growth pattern seen in many leading cryptos this month. Since its inception Litecoin founder Charlie Lee has positioned his creation as the silver to Bitcoin’s gold. The main benefits of Lee’s digital coin over Bitcoin are twofold. Michael LaVered of Oracle Times explains: “Litecoin combines all of the benefits of Bitcoin, but with shorter transaction times and lower fees.” LaVered believes that Litecoin could potentially overtake Bitcoin in price because of the difficulty the leading cryptocurrency faces in scaling. However, one of the driving factors behind Litecoin’s recent rise is the announcement of a potential hard fork called LitePay. LitePay will enable Litecoin users to make purchases through businesses with a flat 1% transaction fee. Litecoin founder Lee has disassociated his digital coin from the spin off, denouncing it as a “fraud”. However, Litecoin users are being attracted with the offer of 10 coins of litecoin cash per coin held. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted March 27, 2018 Author Share Posted March 27, 2018 Buy, sell, and exchange cryptocurrencies with the FXB Crypto Webtrader The FXB Crypto Webtrader allows you to buy, sell and exchange cryptocurrencies directly from your web browser in a couple of clicks with no additional software. All you need is an internet connection and a PC. The Crypto Webtrader is a regular part of the desktop platform. The application is safe to use – all transmitted data is securely encrypted. Crypto Webtrader Features Trade directly from any internet browser Compatibility with Windows, MacOS, Linux Reliable data protection Maximise your opportunities with real-time instant quotes FXB Crypto Webtrader offers a reliable and secure platform where you can buy, sell and exchange popular cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin, Monero, etc. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted March 29, 2018 Author Share Posted March 29, 2018 The Bitcoin, Litecoin, Ripple & Ethereum survival guide Are you still confused about Bitcoin? Or maybe you don’t know what cryptocurrency is and why it is so significant. Our Bitcoin survival guide will outline everything you need to know and help you make the right decisions when investing. Throughout this guide I will refer to Bitcoin, but the information applies to Litecoin, Ripple and Ethereum as well. Read on to find out all you need to know about Bitcoin and surviving the market trends. What is cryptocurrency? A cryptocurrency is a digital currency that uses cryptography to secure its transactions. How can cryptocurrency be used as money? Currency is a system of money and a form of exchange in general use in a specific country. At present, the Dollar is the most widely used currency around the world. Anything can be used as a form of exchange, and this includes cryptocurrency. Bitcoin is a ‘cryptocurrency’ Bitcoin is a type of cryptocurrency. There are many other cryptocurrencies such as Ripple, Litecoin, Dash, etc. Bitcoin is the most popular because it was the first successful cryptocurrency to emerge. It is a digital currency that can be used to complete a transaction between two parties without involving a middleman. It allows direct, private transactions between users with almost no transaction costs. This is achieved because it is powered by blockchain technology. Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted April 3, 2018 Author Share Posted April 3, 2018 Is Ripple the best cryptocurrency to invest in? Ripple is emerging as the cryptocurrency with the most real world use as more financial institutions partner with it to provide payment solutions Ripple is emerging from the pack of cryptocurrencies as one of the most likely to make a big impact in the financial services sector. Major companies are partnering with Ripple on payments projects to use its platforms. If these prove fruitful Ripple’s blockchain technology will take a step closer to becoming anindustry standard. Saudi Arabia’s central bank announced on February 14 that it was partnering with Ripple on a payments ledger. The system enables local banks to deploy Ripple’s xCurrent for cross-border payments and will save up to $400 million per year, according to Moody’s Investor Services. It’s not the first central bank Ripple have cooperated with. The Bank of England (BoE) successfully completed a proof of concept eight months ago to synchronise a payment between two central bank systems. It was part of the BoE’s exploration of solutions on how to update their payments systems. Then, Mark Carney, governor of the BoE, said the cryptographic system that underpins virtual currencies is “not sufficiently mature” to support the scale of the bank’s payment requirements. However, the test “highlighted areas where we would like to conduct more exploratory work.” Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted April 5, 2018 Author Share Posted April 5, 2018 Wall St strategist: $25k Bitcoin by year end Bitcoin value currently around $10k but will be worth more than double by year end says Fundstrat Fundstrat, one of Wall Street’s leading investment advisories, believes Bitcoin will soon return to the $20,000 value reached in 2017. Tom Lee is Fundstrat’s co-founder and has been a leading Wall Street strategist for 25 years. They published a cryptocurrency report (February 28) with analysis on price expectations also highlighting notable companies like Rakuten and plans to launch their own Rakuten Coin. CNBC spoke to Lee about the report where he added that he expected Bitcoin to reach $20,000 by the middle of the year. He also expects it to reach $25,000 by year end based on historical price trends and crypto-related announcements by major companies. Lee said: “The announcement by Rakuten is another example of positive developments in crypto in 2018, suggesting the large sell-off in Bitcoin and others at the start of the year was an overshoot to the downside.” Read more Quote Link to comment Share on other sites More sharing options...
FXB trading Posted April 10, 2018 Author Share Posted April 10, 2018 Ethereum for beginners Ether is the second largest cryptocurrency in terms of market capitalisation. The total value in the market is approximately $85 billion (value correct on 28/2/18). Even though it is considerably behind Bitcoin, Ethereum is well ahead of other major cryptocurrencies such as Ripple and Litecoin. If you want to find out about Ethereum, what it can be used for and its potential then this guide is for you. What is Ethereum? Ethereum is a decentralised programmable blockchain based software platform that runs smart contracts. The network is based on the blockchain technology and enables you to build decentralized apps and use the network if you have Ether. Ether is the cryptocurrency which helps in running the platform. Basically, Ethereum functions as a platform through which Ether tokens can be used to create and run applications and smart contracts. Ether is also used as a cryptocurrency and is traded on different exchanges. What is a smart contract? A smart contract is a blockchain based protocol that directly controls the transfer of digital currencies or assets between two exchanging parties. When a smart contract runs on the blockchain, it automatically executes under specific conditions. On the blockchain, smart contracts run exactly as programmed without any downtime, fraud or third-party interference. They solve a real problem by making existing systems better. read more Quote Link to comment Share on other sites More sharing options...
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