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Showing posts from January, 2021

Exclusive Traders Guide: 7 Types Of Orders In Cryptocurrency Exchanges

  If you are a Crypto Trader  looking to enhance your trading skill, then this blog is exclusively for you  Market Orde r Market Order is the instruction to buy/sell assets instantly in the market value . Limit order Limit order is the instruction given to the exchange to wait for some time until the described value hits. A limit order is always closed by market order Stop - Loss Order Stop - Loss order is designed entirely to protect traders from significant losses. It is a kind of limit order, one can predefine the price of an asset but it will not be added in the order book Stop - Limit Order Stop - Limit Order is the same as the stop loss order but you can define stop price as well as limit price. It lets you set a limit between the range of values.    One Cancels the Order (OCO) It is the kind of tool where one can combine two orders and a trader can execute one  among them which is most  favourable for the market. then the other order cancelled a...

Why Binance is People’s Favorite Exchange ?

  Binance is the popular cryptocurrency exchange platform in the world, which has more than 13.5 million active users per day(as of 2020). The exchange is popularly known for providing effortless crypto to crypto trading and it gains more traffic in recent times as it allows the user to pay with very low transaction fees.   l Binance Supports trading with more than 100+ cryptocurrencies including bitcoin, ethereum, lite coin, and most importantly Binance coin l The exchange provides some kind of discount to the users who are ready to pay with the native coin BNB. l In January 2018 the firm has raised a capitalization of $1.3 billion. l Being a popular cryptocurrency exchange it provides Bitcoin Futures Trading, Launchpad, fundraising, Basic, and Advanced Trading. l Binance has high processing throughput and has the capacity to process 1,00,000 orders in a single day. l Binance supports market orders, limit order, stop-loss order and stop order. l Many new crypto coins and toke...

Reason Behind the Out Performance of Ethereum Over Bitcoin in 2021

  The price of Ether ( ETH ), the native cryptocurrency of the Ethereum blockchain network, has been soaring since the beginning of the new year. What's more, it has outperformed Bitcoin ( BTC ) since Jan. 1, gaining roughly 81% compared to Bitcoin's 26% in their respective USD pairs year-to-date.   There are three main reasons why ETH has been outpacing BTC throughout the past several days.The factors are Ethereum’s accelerating growth, the improving sentiment around DeFi and BTC’s current period of relatively low volatility. Ethereum is seeing rapid growth fueled by DeFi sentiment DeFi tokens have been surging rapidly as of late, led by majors such as Aave and SushiSwap, as Cointelegraph  reported . The rally of DeFi tokens is partly fueled by the fast-growing total value locked (TVL) of the DeFi market, which estimates the amount of capital deployed to DeFi protocols. BTC is consolidating with low volatility Throughout the past several days, Bitcoin has been mostly con...

5 Must Know Terms for Cryptocurrency Traders

  In 2020, Crypto Industry cracked the sky and bitcoin has reached its historical price 40K USD which pulls people around the globe towards crypto industry. There is no specific courses or universities to teach the trading methodologies and strategies. This is the kind of self-made skill But by knowing and understanding some terms will let you play your role better in crypto space.   1.  FUD - (Fear, Uncertainty, Doubt)   It is the common term used in the financial market to discredit the certain company.  In many cases, the information turns out to be false, or at the very least misleading. In some cases, however, it turns out to be true. It's always good to try to consider all sides of the argument. It can be helpful to think about what incentives people can have by publicly sharing certain opinions.   2.  Fear Of Missing Out (FOMO)   Fear of Mission Out (FOMO ) is the heavy emotion which drives traders to buy assets in folk in the fear of missi...

Digging the reason behind the Bitcoin Price Surge - The Analysis

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  Bitcoin, The king of Cryptocurrency stuns the world with the massive price of $40 K USD! F or the past few days, the BTC price graph is raising steadily and hits the historical peak. This great news brought   bright smile in crypto traders & investors face on the other hand, people who missed out BTC has a long face.   Have you ever think, why the BTC price is increasing to this extend? L et’s have a look!   Institutional investment   MicroStrategy, a business analytics company, converted $425 million worth of cash in its treasury to Bitcoin. Shortly after the payments company Square made a $50 million purchase. There is a huge variation in individual investment and institutional investment.   Institutional Investment considerably increases the trade volume than individual investors. JP Morgan share rider stated that the bitcoin would potentially replace the traditional investment like gold for the large extent. Galaxy Digital CEO stated that the...