BITCOIN PRICE HIT S500 AT HUOBI EXCHANGE

A chinese exchange huobi trading bitcoin has witness the price of bitcoin surpassing $500 and still kicking.

MANY COINS NOSE DIVING AND SERIOUSLY ON THE RED

What could be the cause of this nose dive?  Well it will not be to far from the fact that bitcoin is gaining value and many would want to cash in on that.  As soon as this frenzy ends you will notice a return to statusquo and a possible skyrocketting of some altcoins.

LISK ADDED AT POLONIEX

This another coin creating waves in the crypto sphere and it has been added at poloniex exchange.

COINS TO BE DELISTED FROM POLONIEX EXCHANGE

The following coins will be delisted from poloniex

On 6/3/2016, the following markets will be delisted: ARCH, EXE, GEMZ, INDEX, MIL, MRS, NOXT, XCH, XDP

So if you invested in any of this coins try and withdraw them before the deadline

COINS TOPPING THE CHART IN TERMS OF VOLUME AT POLONIEX

INVEST IN UTILITY BASED COINS

Coins that tend to have other value apart from it been traded at exchanges are considered utility assets. The developers of this type of asset render a particular type of service making use of the blockchain applicable to the real world problems. The service they render actually sole real life problems through the blockchain.


This type of digital asset is good to invest in because you are sure it will stay for a very long time and the value increase as it is adopted as solution to problems.

Some of this assets include Ethereum, maid, factom etc. Do some research on others an find out what they have to offer.

MY VIEW ON BITCOIN HALVING COMING UP SOON

The protocol governing bitcoin is design in such a way that the rate of supply of the coins is in deflationary way. It was designed that every 4 years the amount of bitcoins will be halved untill total amount of 21 million is reached.

As at now over 15 million is in circulation and the next halving is expected by july. This as brought in a lot of talks in the bitcoin community about the effect of this on the price of bitcoin.

Many are hoarding their bitcoin in the hopes that this halving will bring about scarcity thereby making the price to skyrocket. while some differ.  

I am of the opinion that the best approach is to aquire good altcoins at this point so that anyway the ball goes, it will favour you all the same.

DECRED COIN(DCR) ADDED AT POLONIEX

A coin called decred (DCR)has been added to poloniex exchange and and a 6 hour trade shows it ranking amongs the first 10 coins in terms of volume.

VOXELS COIN(VOX) ADDED AT POLONIEX EXCHANGE

A coin called voxels as been added to the exchange and is currently among the first 10 coins traded as the time of writing.

below are details of the coins from coinmarketcap and poloniex

BUY INTO ICOs FOR FUTURE RETURNS

ICO(initial coin offer) are digital asset made available to the public before it becomes available for exchange. This type of coins are offered at a cheap price and the moment it hits the exchange the value of this coins begin to rise.

That was how ethereum, syscoin coin started, now look at what there have become. I will like to bring to your notice 2 ICOs you should consider

DAO: https://daohub.org/ 

WAVES: http://ico.wavesplatform.com/

COINS CONSIDERED AS UNHEALTHY AS AT NOW

COINS CONSIDERED TO BE HEALTHY AS AT NOW

HOW TO TRANSFER OR SEND COINS FROM WALLET TO WALLET

This is a short video describing how to send coins from wallet to wallet. I had to compress the video because of the high resolution and size as a result it may not be too clear.  Also pardon me if you notice any gramatical error in the video.

You can also get it here

https://www.dropbox.com/s/ocauonpr2o9lqkm/send%20coins%20from%20wallet.mp4?dl=0 

UNDERSTANDING THE BASICS OF CANDELSTICKS

The candlestick chart is simply the graphical representation of what is going on in the buy and sell orders. Any buy or sell that takes place is graphically represented with the candle stick.


The candle stick is a very important tool needed by a crypto trader to make informed decisions. If you really want to know about candelsticks then i highly recommend this site.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks


enjoy.

MY PRICE PREDICTION FOR SYSCOIN AND THE REASON WHY

I will like to give a prediction about what the price of syscoin will look like in a few days or weeks based on a soft analysis i carried out on the chart.

What i did was quite simple but may or maynot be accurate. i will share it all the same.

I conected the high point from the chart to the next high points without intersecting or passing through any candlesticks and i also did the same for the low points.

As a result, the intersecting points from the high and low points brought about the prediction as you can see from the chart.

From the chart you will notice the prediction will be that the price of syscoin will rise to about 2284 satoshis on or before 8th of june 2016.

It should be noted that this prediction is just based on the soft analysis i carried out on the chart which may or maynot be that accurate. it is adviced you carry out your own research before buying into a coin.

Thanks.

COINS WITH GOOD BUY OPPORTUNITY TODAY

The following coins have good buy opportunity today

1 ethereum
2. maidsafecoin
3 dash
4 monero
5bitshares

i have noticed a particular pattern that during weekends, coins tend to fall in price. It has become a recurring decimal. When the week begins you will begin to notice an increase in prices.

so buy while it is cheap now.

DON"T TRADE WITH THE MINDSET OF MAKING A PROFIT

This got your attention right? When you engage in crypto currency trading, don't do that with the aim of making profits because that mindset will make your hopes high and when that is not achieved there is  a tendency for despair and disappointment which may ultimately lead you to make a wrong decision thereby causing you a huge loss.

Rather go into it with the mindset of not ever losing  yes. This way all your energy, skill and knowledge will be tilted towards ensuring that you don't incur  loss during your trading. Often times profit is generated through this type of mindset.

In a bid to  avoid a loss, one is usually very careful before clicking the buy or sell button but the opposite is the case when your focus is profit profit profit.

So try and inculcate this mindset and you will start seeing a great improvement in your crypto trading experience.

Thanks.

COINS WITH GOOD BUY OPPORTUNITY

As i have always said, never buy into a coin because it is very cheap and believing it will skyrocket by 100% percent the next day. That will be an uneducated assumption. The main reason you should by into a coin is because of its health. It must be the first consideration.

I will rather buy a coin that is very very expensive and healthy than buy a very cheap coin that is unhealthy. Why you may ask? If you buy into an unhealthy coin you stand a very high chance of your coin getting stuck for a very long time thereby preventing you from engaging in more lucrative trades.

I would like to list some coins i believe have good buy opportunity today not just because there are relatively cheaper to buy today but because of their health.

1. EXPANSE(EXP)
2. DIGIBYTE(DGB)
3 MONERO(XMR)
4.SYSCOIN(SYS)
5 SYNERO AMP

I am of the opinion that these are coins worth investing on a short and long term basis. I also advice that you do your own research before investing into any of these coins.

Thanks

CRYPTO CURRENCY TRADING IS A GOOD WEAPON AGAINST UNEMPLOYMENT AND POVERTY IN NIGERIA

Ever before I began crypto trading I have been submitting my CV with the hope of landing a good job but all my efforts were frustrated either with a very low paying job which cannot cater for my transportation and feeding alone not to talk less of other bills to pay. I was really worried.

Not until I stumbled upon an article on a forum talking about “ignore crypto currency and regret the rest of your life” The caption really grabbed my attention and out of curiosity I decided to read it. The funny thing was that the article didn’t really talk about trading and all that but was focused about mining a particular coin.

That was how it started for me; I picked interest and wanted to know more about crypto currency. I began to discover the various ways of benefiting from crypto currency.

The main reason for this article is to prove to the readers that it is very possible to use crypto currency trading as a vehicle to get out of unemployment and poverty.

This is a humble and genuine appeal to all graduate, unemployed youths, youth corpers, low income earners and anyone not satisfied with his/her monthly pay that with as little as 1 bitcoin you are on your way out of unemployment just like me. Trust me.

But before you start crypto trading, ensure that you have acquired the basic skills needed to start trading. Spend time to study how it is done first then you are good to go. It is not a rocket science or too difficult to understand. Infact, it is one of the easiest and legitimate ways of making money. Trust me.

Let me share with you one of my trading experience with a particular coin called digibyte(dgb) and from it you will understand the reason for this article.

I bought digibyte with about 0.73 bitcoins on the 14th of February 2016 at an average price of 55 satoshis and I just decided to leave it for about a month. Note that there many trading strategy you can adopt to get the result. As for me sometimes I day trade, hold for a week etc. it depends on the research you have carried out.

In my next post hopefully, I will show to you my day trading result with monero. Any way after about a month or so of holding my digibyte coin the price increased and I was able to sell at an average price of 102 satoshis. This is big if you ask me.

Below is the analysis of the trading activities.

This is more than 70% profit in about a month of holding.

You can’t get it wrong with crypto currency if you apply the basic strategy of trading.