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Cryptocurrency Trading: Choosing The Right Broker

If you want to try to invest in online trading, with or without robots, you can certainly contact a serious broker, such as eToro. The platform can allow the opening of positions on a large number of assets, including cryptocurrencies. Trading with CFDs, which is the one proposed for virtual currencies by the broker, can ensure significant advantages over direct ownership of the asset. Buying directly involves having first to have a wallet or the electronic wallet delegated to the conservation of digital coins. Also, it exposes the trader to cyber attacks that are now a rule on the web.

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If you want to try to invest in online trading, with or without robots, you can certainly contact a serious broker, such as eToro. The platform can allow the opening of positions on a large number of assets, including cryptocurrencies.

Trading with CFDs, which is the one proposed for virtual currencies by the broker, can ensure significant advantages over direct ownership of the asset. Buying directly involves having first to have a wallet or the electronic wallet delegated to the conservation of digital coins.

Also, it exposes the trader to cyber attacks that are now a rule on the web. It should also be considered that trading with CFDs does not oblige you to invest large amounts of capital. There are many options in case of Profit Revolution.

 Is Bitcoin automated trading a scam?

When it comes to automatic trading, the association with the term “scam” comes up. We can, however, speak of a real forcing, perhaps derived from some events such as that relating to Bitcoin Code.

Also, in this case, we are faced with a classic robot, called to operate based on the set parameters. According to many insiders, however, here we are in the presence of a real scam, even if we still do not reason based on judicial judgments that have become final.

There are some facts from which it is impossible to ignore — starting from a completely absurd promotional campaign, such as to generate suspicions in those who know that trading can certainly generate profits but only after hard work.

Another element on which the creators of the Bitcoin Code have been caught in obvious contradiction is the indication of the supposed creator of the method. At the same time, in the sites of other countries, the name varies according to latitude. A figure too sensational to go unnoticed.

A successful automatic trading model: eToro

However, it should be stressed that a successful and certainly not fraudulent automatic trading model has been about for some time now and is the one represented by eToro Copy Trading. The method developed by the Israeli broker, also known as Social Trading, allows those who register to take a cue from the operations put in place by the most experienced traders.

In other words, it is possible to view the success statistics of certified traders who agree to act as forerunners, to decide which one to follow and copy their strategies by a thread and by the sign.

Copy Trading has met with great success in every corner of the globe, allowing eToro to increase its clientele exponentially, adding to the many positive features it boasts and starting from the safety levels.

EToro has also opened digitized trading to Bitcoin and some of the more prominent Altcoins, including Ripple and Ethereum.

It should also be stressed that eToro allows you to take advantage of a demo, or simulated, version that perfectly reproduces the scenarios that open up on the markets, without aiming for real money. In this way, it is feasible to test one’s level of preparation and the validity of the notions learned. Not a small advantage, given the degree of complexity of the financial markets, especially for a beginner.

Beware of scams

The increasingly evident interest of public opinion, however, has unwanted consequences, such as the many scams that, in recent times, have targeted unwary users. In this category, according to someone, automatic trading should also be registered, or that carried out with particular software, which would be able to capture market signals and exploit them.

Robots are already widely used by large investors and investment funds to try to increase the number of positions to be opened exponentially. Given the volumes involved, it would be impossible to do it manually.

What’s the problem?

These robots should be used properly. If someone says that you can go to sleep and leave the task of cheating to them, it says something that is at least not true. The software must be programmed in the best way and must not be left free to perpetuate an error indefinitely.

A job that can only be accomplished by professional traders and certainly not by those who have just started trading online. A fact not to be forgotten if you want to avoid a freezing shower on your finances.

Conclusion: A series of fundamental parameters must be set up, starting with money and risk management. Besides, it is necessary to establish what the time may be to abandon the positions, with appropriate Stop Loss and Take Profit Revolution.

This is a sponsored post. As it’s related to crypto trading, you should also read our risk warning. Read more in our editorial policy.

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Source: https://bitcoinsinireland.com/cryptocurrency-trading-choosing-the-right-broker/

Blockchain

Former London Stock Exchange Group CEO Urges UK Government to Explore Cryptocurrencies

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The former CEO of the London Stock Exchange Group, Xavier Rolet, has advised the UK government to look into cryptocurrencies and SPACs to minimize the adverse impact of Brexit. In a recent report, Rolet claimed that the UK has trailed behind other countries in both aspects.

The UK Should Turn To Crypto And SPACs?

Born in France, Rolet is a businessman and the Chief Executive Officer of the London-based credit-focused asset management firm CQS. Before assuming this position, though, he served as the CEO of the London Stock Exchange Group and was named as one of the 100 best CEOs in the world in 2017 by the Harvard Business Review.

In a report cited by Bloomberg, Rolet touched upon the potential consequences to the UK economy following the withdrawal from the European Union and the European Atomic Energy Community, better known as Brexit.

The executive believes that the UK has two viable options to consider if it wants to minimize the risks and help the nation flourish.

In the first one, he urged the government to “promptly consider the SPAC revolution.” Also referred to as “blank check companies,” these special purpose acquisition companies (SPAC) operate as shell corporations listed on a stock exchange with the idea of buying out a private company, thus making it public. Ultimately, this strategy eliminates the need to go through a traditional initial public offering (IPO).

While the US has seen significant adoption in the past year with a 10x increase in the raised funds compared to 2019’s results, the UK regulators have halted their progress on the London markets.

Rolet’s second advice involved digital assets as he noted that “all relevant UK government agencies should be resourced to thoroughly understand cryptocurrencies.”

With proper regulations, the crypto ecosystem could “place London and the UK at the center of a reputable and safe financial market.”

The UK’s Regulatory Approach To Cryptocurrencies

While UK’s regulators have hindered SPACs’ progress within the country, the nation’s financial watchdog, the FCA, has also been rather harsh against the cryptocurrency industry.

As of the start of this year, the Financial Conduct Authority banned crypto derivatives and exchange-traded notes (ETNs) to retail customers.

Additionally, the watchdog has issued several warnings to investors that they could lose all their funds if allocated in digital assets.

The regulator also announced that all UK-based digital asset businesses need to be registered with it but extended the deadline for applications to July 9th, 2021.

Featured Image Courtesy of TheGuardian

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Source: https://cryptopotato.com/former-london-stock-exchange-group-ceo-urges-uk-government-to-explore-cryptocurrencies/

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Traders remain bullish even as DeFi’s TVL falls to $54.4 billion

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Decentralized finance and the numerous platforms offering investment services have been the talk of the cryptocurrency sector for several months and this has resulted in investors capturing spectacular gains for some of the top DeFi tokens like Uniswap (UNI) and AAVE. 

The fast-moving prices and 1,000% APY on staked tokens elicited cheers from investors when the market was going up, but the recent selling pressure seen as Bitcoin price dropped below $45,000 shows that the highest fliers are often the quickest to fall as traders rush to exit their positions and lock in their gains.

Daily cryptocurrency market performance. Source: Coin360

On Feb. 22 Bitcoin (BTC) price entered a sharp corrective phase which saw the top digital asset pullback by more than 20% from its all-time high of $58,274. As this occurred, the majority altcoins also saw double-digit corrections and DeFi tokens like PancakeSwap (CAKE) fell as much as 55%. 

Total value locked in DeFi shows resilience

The total value locked in DeFi platforms also took a hit as Bitcoin and altcoins corrected. Data from DeFi Llama shows the combined TVL of all DeFi platforms fell from $64.89 billion to $54.22 billion on Feb. 24. Cointelegraph also reported that this week’s correction led to the second-largest day of DeFi loan liquidations in history. 

Total value locked in DeFi. Source: Defi Llama

The decline in TVL is a result of decreasing token values rather than protocol outflows, indicating that token holders remain committed to the continued expansion of decentralized finance and that the current yields are still incentivizing investors to rem engaged.

Market analysis indicates that despite the recent $5.8 billion Bitcoin and altcoin liquidation, bulls remain optimistic and see this price pullback as a sign of a healthy market.

The same goes for the DeFi sector, which has been in a strong uptrend since the start of the year. Increasing DEX volume as well as a rising TVL show that DeFi is still in the early stages of growth, and while pullbacks are to be expected, the overall trend is positive as institutional and retail investors increasingly gain exposure to this emerging asset class.

Source: https://cointelegraph.com/news/traders-remain-bullish-even-as-defi-s-tvl-falls-to-54-4-billion

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ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

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ZelaaPayAE (ZPAE), a Dubai-based blockchain payment network focused on the Gulf region, has announced the deployment of 100 XPOS Handy (point-of-sale terminals) and 10,000 XPASS cards from partner Pundi X, a cryptocurrency payment platform.

“Pundi X has the technology to empower merchants across the world to deploy easy-to-use blockchain solutions. We’re excited to bring it to the UAE market.”
– Sahil Arora, ZPAE CEO

XPOS devices enable cryptocurrency transactions on the blockchain from anywhere….from trendy cafes in Seoul, South Korea, to pubs in New Hampshire, USA. Similarly, the XPASS card makes it easy for customers to pay with their crypto-assets.

“Any corner of the world where XPOS is, that’s a place where seamless transactions can take place. Both ZPAE and Pundi X essentially want the same things; making the blockchain accessible.”
– Zac Cheah, Pundi X’s CEO and Co-Founder

ZelaaPayAE (ZPAE) was founded with the aim of unlocking the power of cryptocurrency in the Middle East. The ZPAE token trades on numerous exchanges such as CoinTiger, JustSwap, Bilaxy, and others. The company is engaged in introducing a number of decentralized finance products in the UAE.

Source: Pundi X

Source: https://www.cryptoninjas.net/2021/02/24/zelaapayae-deploys-pundi-xs-merchant-crypto-payment-solutions-for-uae/

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