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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

Bitcoin dominance is an irrelevant metric unless…

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The volatile cryptocurrency market has given way to multiple metrics for the market observers to analyze and predict what’s coming next. One such metric has been Bitcoin dominance, but as per Su Zhu, it should not be relevant to you unless you are a billionaire.

How so?

The CEO of Three Arrows Capital opined this after noticing the trend of the newcomers avoiding Bitcoin and Ethereum and opting for risky crypto tokens. When the largest digital asset was stuck in a wider correction period, altcoins like Dogecoin [DOGE] grabbed much attention. This was possible due to the hype created by Tesla CEO or, self-proclaimed “doge-father,” Elon Musk and the Doge community.

However, understanding the newcomers’ enthusiasm Zhu opined that if he were to bet on projects now, he would choose Solana and Avalanche.

Despite the popularity of altcoins, the exec remained bullish on Bitcoin and Ethereum as he expected, the former to flip gold’s market cap, and the latter to eventually hit a value above $25,000. Bold predictions, but nothing we haven’t heard before.

However, newcomers were more bothered about the dominance metric but as data suggested, Bitcoin dominance has recently been falling. The dominance was hit earlier but recovered to form a peak at 49.25% on 30th July. But given the correction phase that followed, the dominance of BTC fell and was last noted to be at 40% on 10th September.

It is interesting to note that despite plenty of adoption related news such as that of El Salvador, coming in over the past few weeks, it looks like the dominance has remained unaffected by it.

Source: CoinMarketCap

Twitter user and crypto enthusiast, @HsakaTrades also noted that Bitcoin dominance was not a relevant metric for anyone who has a “sub mid 9fig portfolio]. Agreeing with Hasaka, Zhu added,

“To clarify, if you’re holding for 5+ yrs, you shouldn’t be thinking about btc dominance in the first place. And obv btc and eth have a strong place in that portfolio.

If you’re allocating actively atm, and think debating btc v eth v alts is a good framework, you’re ngmi.”

While this advice could stand true for experiences, long-term trader interested in making money, but not the ones looking out to invest in tech. This was especially highlighted in the comments wherein the crypto users were upset about the CEO’s Solana [SOL] recommendation that recently witnessed an outage.

Nevertheless, the trading advice and strategies differd from trader to trader and Zhu’s opinion to not focus on the BTC dominance, prebably stemmed from a hodlers perspective. While interesting projects were now erupting in the crypto space, it looks like Bitcoin’s dominance, not only in terms of price, but as a crypto project could be challenge.

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Source: https://ambcrypto.com/bitcoin-dominance-irrelevant-for-anyone-not-10figs

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Blockchain

Millions of Dollars Raised Through Solana’s DeFi Projects

Millions of Dollars Raised Through Solana's DeFi Projects

PAI, an algorithmic stablecoin, backs Parrot Protocol. Grape Protocol was the primary source of the downtime. Solana has been up

The post has appeared first on thenewscrypto.com

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  • PAI, an algorithmic stablecoin, backs Parrot Protocol.
  • Grape Protocol was the primary source of the downtime.

Solana has been up nearly 3200% since August. Investors’ interest in Ethereum rival systems featuring DeFi, NFT, and smart contract services has risen dramatically.

The software applications that simulate legal contracts are smart contracts. Once housed on a blockchain network, the software application will run automatically without human intervention.

This month, Solana’s DeFi initiatives raised millions of dollars. This is another proof of Solana’s potential to compete with Ethereum. Currently, Ethereum has the most DeFi and NFT projects.

Bots raced to invest in a token sale for Grape Protocol over flooded the blockchain, causing Solana to collapse for 17 hours on Tuesday. Let us take a look at the few IDO that helped raise millions.

Grape Protocol

Grape Protocol, the primary source of the downtime, managed to raise just $600,000 on Raydium’s “Acceleraytor.”

Tokenized communities may use Grape Network to connect to platforms like Discord, Telegram, and soon twitter to collaborate over Solana and reward members with crypto.

Parrot Protocol

Parrot Protocol is based on Solana. Investors in the Initial DEX offering included Sino Global Capital, Alameda Research, and QTUM VC. Moreover, to put it simply, Parrot is a non-custodial lending platform and decentralized exchange.

PAI, an algorithmic stablecoin, backs Parrot. Furthermore, Parrot offered a governance token called PRT in its IDO. Thus, allowing investors to vote on the protocol’s operation and farm yields on Solana without affecting other Layer 1 blockchains.

Solana’s failure impacted Parrot’s IDO, but it was resolved by Sept. 16. Moreover, the team said it would start working on PRT staking, NFTs, and adjustable interest rates in “Letter from the Parrot.”

Several Solana initiatives will be launched in the next day’s/weeks. Examples include Solanium, Boca Chica, and Solstarter. On Solanium, whitelisted users may buy MatrixETF.

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Source: https://thenewscrypto.com/millions-of-dollars-raised-through-solanas-defi-projects/

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Cosmos (ATOM) Lead Market-Wide Rally

Cosmos (ATOM) Lead Market-Wide Rally

Cosmos’ creators call it an “internet of blockchains.” ATOM also launched a bridge to Ethereum at the end of August.

The post has appeared first on thenewscrypto.com

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  • Cosmos’ creators call it an “internet of blockchains.”
  • ATOM also launched a bridge to Ethereum at the end of August.

Cosmos (ATOM) blew up 10.74 percent overnight to establish a new price of $39.58, according to CoinMarketCap. It surpassed $40 yesterday, reaching $40.76. Despite today’s minor decline, Cosmos’ price was still ten dollars more than seven days ago, and twenty dollars higher than this time last month.

Its creators call it an “internet of blockchains.” It’s an interoperability network that allows various blockchains to connect, exchange data, and interact with one another.

In short, Cosmos claims to address some of the “hardest problems” in the blockchain sector. It seeks to provide an alternative to “slow, costly, unscalable, and ecologically harmful” proof-of-work protocols like Bitcoin by connecting blockchains. On August 18, Cosmos rose 25% from $15 to $20 after the introduction of Emeris, a cross-chain DeFi interface.

It also launched a bridge to Ethereum at the end of August. The inter-blockchain communication protocol (IBC) allowed trade across the Cosmos and Ethereum networks for the first time, along with the integration of Sifchain.

Cosmos Might Soon Over Take FTX Token

Cosmos is “Blockchain 3.0” — thus, as previously said, ease of usage is a significant objective. To this aim, the Cosmos SDK emphasizes modularity. This enables a network to be created quickly using existing code. Long term, it is anticipated that sophisticated applications would be simple to build.

Cosmos now has the twenty-first largest market value, but at this pace, it would only take $0.8 billion to flip FTX Token and make a bold entry into the top twenty.

Some in the crypto sector, much worried about the amount of fragmentation in blockchain networks. There are hundreds, yet few can converse. Cosmos wants to change this by making it feasible.

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Source: https://thenewscrypto.com/cosmos-atom-lead-market-wide-rally/

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