Friday, 30 December 2016

AN EXPECTATION FOR THE NEW YEAR CRYPTO WISE

Hello everybody and compliments of the season. 2017 holds great promises as far as crypto currency is concerned. It is very evident because of the sharp rise in price of bitcoin reaching an all year high of about $970 or so. Some said it touched $1000 mark in the Chinese markets.


This is no doubt a great sign of what to expect this coming 2017. I am of the opinion that we shall also witness increases in other altcoins as well and new development in the crypto currency sphere.

Many people are already jumping into the great technology that as revolutionize finance and the way we use it. If you have not joined the train, I strongly advice you to join now.


Thank you.

Saturday, 1 October 2016

BRAIN TEASER FOR TODAY

15 months ago the price of 1 bitcoin was N52,000.  As at today the price as increased by 420%.


  1. What is the current price ?
  2. What is the dollar value given the exchange rate to be N450 naira.

you can post your answers in the comments.

Thank you

Tuesday, 13 September 2016

A SIMPLE AND EFFECTIVE TRADING STRATEGY FOR THE BUSY EXECUTIVE, STUDENTS, YOUTH CORPERS (1 WEEK PLAN)

Crypto currency trading requires your time and constant monitoring of price movements. Maximizing profits is a function of ones ability to monitor the price of a coin at specific and regular intervals.

However, not everyone who is interested in crypto trading has the whole time in the world to be monitoring a trade always.

People like the busy executives, students, Youth corpers may not have the time to monitor the price movement of a coin frequently.

So is there a way out for these set of people? Yes.


1 WEEK PLAN WITH A 4 HRS STRICT MONITORING SCHEDULE

Conditions that must be met

  1. 1 bitcoin or more(my recommendations)

  1. the coin to invest must
    1. be among the 1st ten coins in terms of volume.
    2. Have a strong buy support say from 100btc and above.
    3. Be a utility coin
    4. Be traded  in at least 2 exchanges
    5. Must have a wallet outside the exchange you intend using.


WHAT YOU NEED TO HAVE AND MUST KNOW AS A TRADER

  1. 1 bitcoin or more(my recommendations)

  1. basic trading skills which include the following

    1. how to deposit and withdraw your coins
    2. how to place a buy order
    3. how to place a sell order
    4. how to fill a best sell order(buying directly from the order books)
    5. how to fill a best buy order(selling directly from the order books)
    6. how to use the buy/ sell stop limit
    7. understanding the unitary system of a coin


TARGET

The target is to achieve 5% to 50% or more within a week of trade.



If the above conditions are met then we can begin thus.


I will be using 1 bitcoin as a case study. More bitcoins will be preferable if you can afford it.



  1. Start by splitting the bitcoin in 5 fractions of 0.2 btc each.

  1. Determine the interval with which you choose to monitor your trade. I recommend every 4 hrs in a day within the 1 week. (42 times in a week) and you must be disciplined about the interval you eventually choose.

  1.  At this point you select the coin you wish to invest in and then open a trade with 0.2 btc and note the entry price.

  1. place a sell order of 10% premium to your entry price.(eg  if your entry is say 0.0025btc then a 10% sell order will be 0.00275 btc). Check  your trade after 4 hrs. just remember that your target range is 5% - 50% hence be realistic when placing your sell order based on the price actions and volatility you have noticed.

  1. If after 4 hrs your sell order is filled, then you start the process again. However, if it falls below the 10% sell order mark but it is within your target range say 5% - 9% then I recommend you close the trade and start the process again.

  1. If after 4 hrs the price of the coin falls below your entry price by 5% or more. Then buy back with another 0.2btc.

  1. At this point you have spent 0.4 btc, calculate your average buy price and set a 10% sell order and wait another 4 hrs to check.

  1. Assuming there is constant 5% or more fall in price and you have exhausted your reserve bitcoin. As in you have used up all the 1 btc you split. Then it is recommended you edge  your loss by making use of  the stop limit. You can set between 1% to 10% stop limit. This is the % loss you are willing to take in case the coin decides to dip further.

From experience, utility coins usually enjoys favorable volatility, that is why I recommend such coins if you decide to use this strategy. This way you are sure of always coming out with a profit and in the worst case scenario a break even within a short period of time.



Tuesday, 6 September 2016

MAIDSAFECOIN FUNDAMENTALS AND TECHNICALS: A GOOD REASON TO INVEST

FUNDAMENTALS

With MaidSafe rebuilding secure decentralised internet with BnkToTheFuture equity fundraising.....

And MaidSafe's funding on BnkToTheFuture coming up on 12th September which would run for 30 days.

Traders and investors may begin consider investing in the coin for a medium to semi long term....

See reasons


http://www.ibtimes.co.uk/maidsafe-rebuilding-secure-decentralised-internet-bnktothefuture-equity-fundraising-1579724



TECHNICALS



Taking a look at the daily charts of maidsafe... We can see that the coin has enjoyed a fair share of the uptrend for the past two months... Except for a retracement on the downside for 2 weeks now...

From the charts the coin seems to be oversold considering the RSI indicator (circled in the image).... This may however indicate exhaustion on the bears side....

With the fundamental news about the coin we may see a bounce off the support line (green line)  to the upside in the days to come...



Courtesy 
NANOKEN

Thursday, 1 September 2016

WHY YOU SHOULD INVEST IN CRYPTO CURRENCY

crypto currency is an amazing technology that is revolutionizing the financial system. the technology has a lot of potentials.

Below is a checklist of why i think you should invest in crypto currency.


1. It can be used to send money to anyone in the world with even visting a bank, with little or no cost at all.

2. Trading crypto currency will make you become self employed.

3. It is an investment asset because its value tend to increase over time.

4. you can purchase goods and services with it.

5. it as real case use. it solves real life problem. eg auditing, storage, voting etc.

Friday, 5 August 2016

WHAT TO LOOK FOR WHEN ANALYZING A CHART: THE RANGE

Analyzing a chart dosent require looking at the fancy components that constitutes the chart especially if you are a newbie.

What you are to look as a basic crypto currency trader is simply the RANGE within a particular period of time.


Its a statistical tool used in finding the difference between the the highest value and the lowest value.

But in cryptos we may not necessarily need the difference . What we need is the lowest value and the highest value within a particular period of time.  Let me give  an example


Lets say within 12 hrs the price of etc was hovering between 380k sats and 450k sats.. This is the price within 12hrs right.  Now lets say you enter the market at the 15th hour and you met the price to be at say 395k sats.

As an experienced trader what you are to do first is to look at past event from the chart.

When you look at d chart then you will notice that the price attained some certain height  based on that information you can enter the market.  Because there is every likelihood that the price might still rise to that 450k sats or more again within the remaining 24hrs.



The 4 days chart above shows the price volatility of ETC with 4 days. When analyzing this chart simply locate the higest point which is about 610,000 sats and the lowest point which is about 350,000 sats.

With this information, you can make an informed decision on whether to buy into this coin or not.



Saturday, 30 July 2016

SECURE YOUR TRADING ACCOUNTS BUT SECURE YOUR EMAIL THE MORE

Attacks and exploits have become very rampart these days as you hear of theft of coins and the likes. For this reason many exchanges have put in place strict security measures to prevent hackers.

Hackers on the other hand as seen hacking as a job and a very lucrative one at that. they are not only attacking exchanges alone but also email addresses associated with such exchanges.

So in order to protect your funds from been stolen always add an exra layer of protection like the 2 factor authentication and change your passwords as often as you can

Sunday, 24 July 2016

Wednesday, 13 July 2016

MORE ALTCOINS ADDED TO COINOMI MOBILE WALLET

The following coins have been added to the coinomi wallet.

Ethereum ,syscoin,  solarcoin and a few others.

The wallet is a multi currency wallet and holds more than 20 alternative currrncies.

Check their website or playstore to download the updated version.


https://coinomi.com

Friday, 8 July 2016

A 30 DAYS DISCIPLINED CRYPTO CURRENCY TRADING PLAN


Crypto currency trading can be a very profitable and lucrative venture. However in order to maximize profit, there is a need for discipline trading plan.

I would like to present to you a strict but very effective trading plan if adhered to can fetch you a profit ranging from 5% to 60% monthly all things been equal.

What you need to start

  1. At least 1 bitcoin (recommended)

  1. A reputable trading exchange with advanced trading features.

  1. Identify a healthy and very volatile coin for the day.

  1. A reliable internet subscription.

  1. Patience, discipline and constant monitoring.



Target: To make between 1% to 5% or more profit on a daily bases.



The required steps to achieve maximum profit.

Lets assume a very bullish coin as been identified at say 12,000 satoshis.

  1. Set a 1% or less buy stop limit. If filled, it means your entry point will be 12,120 satoshis.

  1. Immediately go ahead and set a 2% sell stop limit. Reason been that if the price falls above 2%, you only take that loss and have an opportunity to buy back cheaper.  E.g let say it falls by 5% and you buy back at that point you have gained 3% more in the coins.

  1. Monitor the market until you have gotten a clear cut 1% to 5% profit. Then exit the market and close for the day.

  1. Repeat the process for the next 29 days. On the 30th day, take stock of your profit to ascertain how much profit you really made at the end of the month.


Conclusion


Assuming an average profit of 3% was made on a daily bases for 30days that will be a whooping 90% return on investment.

Monday, 4 July 2016

AN OPPORTUNITY THAT PRESENTS ITSELF IF ETHEREUM HARD FORKS TO RECOVER THE DAO FUND

During the ico of the dao 1 ether gives you about 100dao. Now the value of the dao has fallen because of the supposed hack or exploit.  This has necesitated the hard fork whose aim is to return investors fund at the rate at which the Bought it.

The opportunity now is to buy as much dao as you can buy and when the hard fork is implemented you will be getting more ethers.

Friday, 1 July 2016

TEST YOUR THEORETICAL TRADING SKILLS WITH THIS QUIZ


If i bought 100 ethers at at 1.8million satoshis, with the hope of making a profit. But i decided to take a 5% loss using the sell stop limit.  3 hrs later,  i checked the market and discovered my stop limit has been filled and the price of ether is now 0.014 btc. I know decide to set a 10% buy stop limt.

I check few hours later and the price of ether is at 0.0175.

Q1. How many bitcoin did i start with initially?

Q2. How many bitcoins did i have after the sell stop limit had been filled?

Q3 At what price did i enter the market again?

Q4 How many ethers did i have after opening the new position?

Q5 If i decide to sell at the current price.  How many bitcoin will i now have?

I am expecting your answers

Monday, 27 June 2016

CHECKLIST: THE LAZY MAN WAY OF INVESTING IN CRYPTO CURRENCY




  1. Resgister in a reputable exchange.(poloniex, kraken, huobi, bitstam, bittrex etc)
  2. Send your bitcoins to the exchange after purchase.
  3. Look for healthy coins to buy and hold.
  4. Study the 1 to 2 months chart of the coin and look for a trend that looks like the one below


5.    When you identify such chart , buy and come back a week or a month later to see if the price has increase. then sell.

6.  repeat again and again for profit.

Thanks

Monday, 20 June 2016

THE PRICE OF BITCOIN NOW

Below is the price of bitcoin as at the time of this post



THE ETHEREUM PRICE PLUMMETING IS A FUNCTION OF THE DAO FIASCO

Few days back, there was a report of a hack in the DAO.  The DAO is a smart contract running on top of the ethereum network.  It was discoverd that over 3 million ether was stolen by a hacker.

Reports revealed that the stolen ethers are held temporarily in a child DAO which will be released to the hacker with 27days.

The news of this hack spread like wide fire and caused the price of both the DAO and ether to plummet by more than 50%.

A soft and hard fork is proposed for a possible solution to the problem.  Many,  have varying opinion about the proposed solution as it will negate the intention of the DAO in the first place as regards the non reversal of any transaction and subsequently ruin the reputation of ethereum as a veritable platform to run any smart contracts.

Saturday, 18 June 2016

BITCOIN STILL STRONG AND HOVERING BETWEEN $720 TO $780

Bitcoin has proven to be a currency of choice within the internet community.  Due to the upcoming halving of reward a sudden spike as been noticed in the past months from about $420 to about $750.

The spike may continue even after the halving.

Wednesday, 15 June 2016

PRICE OF BITCOIN IN NAIRA

As at the time of post below are the various prices of bitcoin in nigeria by different exchangers namely nairaex, bitx and bitpesa




Monday, 13 June 2016

ETHEREUM ALMOST HITTING $20

It appears the upward trend of bitcoin seems to have no effect on ethereum has the digital asset is bullish aswell.

In the past,  a rise in bitcoin would mean a fall in ethereum.  But this is a different scenerio now.

Ethereum is thought by many has bitcoin biggest competitor and may like be at par with it sometime in the future.

Whether this is true or not,  only time will tell.

BITCOIN STILL ON THE RISE AT $680 PLUS

A $700 price is very possible today going by the bullish run bitcoin is exhibiting.

Altcoins seems to be loosing value but surprisingly ethereum seems to maintain statusquo.

The rise of bitcoin seems not to affect ethereum that much. It is considered a very stiff opposition to bitcoin.


Saturday, 11 June 2016

BITCOIN IS ABOVE $600 AT MAJOR EXCHANGES

The rise and rise of bitcoin is becoming phenomenal even as the much anticipated reward halving is just by the corner.


Is this the push need inorder to experience an all time high?

Many analyst have predicted bitcoin to attain a $1000 plus price tag by the end of the year.


Tuesday, 7 June 2016

ETHEREUM BASED MARKET ADDED AT POLONIEX

It is worthy of note that ethereum has been given its own market at the poloniex exchange in my opinion is long overdue.

Dao and lisk will be trading against it at the moment with more coins hopefully to join in the future.

SIACOIN SERIOUSLY PUMING AT POLONIEX

It is quite interesting to note that siacoin is very bullish right now.  All that bought when it was sub 40sats will be smiling now.

That is the importance of investing in utility based coin.  You cant get it wrong. There is room to benefit both long term and short term

Saturday, 4 June 2016

BITCOIN STILL IN A BULLISH MODE AT $570+

The fact that bitcoin price is on the high maynot be to far from the much anticipated  reward halving coming up by july.

This may be a signal as to what will happen post bitcoin halving.  We may yet be about to experience maybe an ATH.

It is very obvious bitcoin is growing significantly and may likely attain a price tag of S600 by the end of today or by the beginning of the new week.

There is so much suspence and excitment in the bitcoin world at this period.

As only time will tell what the price of bitcoin will become after the halving.

Wednesday, 1 June 2016

BITCOIN PRICE STILL ABOVE $500

Although the much anticipated halving of bitcoin reward is still more than a month ahead, the price of bitcoin as continued showing a bullish trend with some exchange experiencing a price of $550 few days ago.

The price however is trying to stabilise between the ranges of $500 to $540 at different exchanges.

Many have speculated $1,000 price tag by the end of the year.

We cross our arms and watch how events turn out.

Friday, 27 May 2016

BITCOIN PRICE HIT S500 AT HUOBI EXCHANGE

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


Thursday, 26 May 2016

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.




Wednesday, 25 May 2016

LISK ADDED AT POLONIEX

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


Monday, 23 May 2016

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

Wednesday, 18 May 2016

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.


Tuesday, 17 May 2016

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.

Monday, 16 May 2016

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.






Saturday, 14 May 2016

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








Friday, 13 May 2016

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/



Wednesday, 11 May 2016

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.

Sunday, 8 May 2016

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.

Thursday, 5 May 2016

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.

Tuesday, 3 May 2016

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

Monday, 2 May 2016

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.

Saturday, 30 April 2016

MY DAY TRADING EXPERIENCE WITH MONERO (XMR)

I  would like to share with you my day trading experience with MONERO (XMR). After the profit i made from syscoin yesterday, i decided to day trade with Monero.

Day trading is another strategy you can adopt if you want to make profit on a short term. There are some factors to consider before day trading though. A key is to identify a good entry point and a good closing point.

Anyways, i started my trade at 0.00201446 sats and i started monitoring the market at different intervals. When you day trade, the intervals at which you monitor the market is very very key to the amount of profit you can make.

A 1,2,4 and 6Hrs interval is good for a 24hr trade. It should be noted that many intervals could however bring a better result.

Below is the detailled analysis of my day trading with Monero.


The first image shows my average buying price , the amount of bitcoin i used in buying and other information. look at it well and take note of the date and time i bought the coins.





The second image shows my average buying price and my average selling price as well as the profit i made.

So in summarry I used 2.69 bitcoins to purchase monero at an average buying price of 0.00197429 and sold at an average selling price of 0.00209476 which resulted in a profit of 0.164 bitcoins($72 approx N21,000) within 24 hrs.

Day trading is a very good way of making profit everyday. However, this is a function of your ability to identify a good entry point and exit point. And most importantly make sure you know what you are doing.

Thanks.





Friday, 29 April 2016

SYSCOIN! OH SYSCOIN!!

Syscoin seems to be very active today. I personally have made about 0.3bitcoins profit not to long ago. it seems it is a coin really sought after. i will be watching to see how things turn out by the end of today.

I have my proof to show to you and not just making any lofty claims. The date and time  i purchased and the date and time i sold which is today will be there for you to see. As well as the amount and price i bought. All the information will be made available for any one who cares to confirm.

From my trading records i started my purchase on   2016-03-19 17:52:18 up to 2016-03-22 18:14:11. At this point i will like you to do the calculation of how many bitcoins i used in buying syscoin and the amount of syscoin i got.

i started selling my syscoin from 2016-04-12 11:08:06 up to 2016-04-29 12:06:16 which is today. The complete data is available in the image for confirmation and verification.




Wednesday, 27 April 2016

ONE WEEK TRADING PLAN WITH 1 BITCOIN INVESTMENT

There are many trading plans you can adopt to bring out the result you seek irrespective of the amount of bitcoins you have.

I want to discuss a one week trading plan with 1 bitcoin investment. We shall make use of a one week chart with a 24hr candle stick. This plan is best suited for busy people or part time trader who don’t have the time to be monitoring the market always. But if you are a full time trader like me then this is not the best for you.

Let us start

  1. first you split your bitcoin in 3 parts 0.3, 0.3. 0.4.
  1. When you look at the chart we have 7 candle sticks representing buying and selling.
  2. The first candle stick is the first day of the trading week on a 24 hr interval. Identify the low point where you can enter the market, in this case that will be 0.002348 bitcoin.
  3. So you purchase whatever coin it is you are dealing with at 0.002348 with 0.3 bitcoins and that will give you about 127.7 of the coins. Take not of the time you bought and the return back 24 hrs later to check.
  4. 24hrs later will result in the second candle stick. But instead of rising it falls again. At this point identify the lowest point you can buy again with another 0.3 bitcoin. That will be 0.002272 which will give 132 of the coins. Take note of the time you bought and return 24hrs again to check
  5. This will result in the third candle stick. There is a further fall in price and lowest point is 0.002205. buy with the remaining 0.4 bitcoin. This will give 181 of the coins.
  6. At this point, find your average buying price. Which will be 0.002272. take note of it and return by 24 hrs again.
  7. This is the fourth candle stick and there is sign of increase in price. Identify the highest point to sell and make a profit. In this case that point is 0.002281. if you sell at this point you will come out with  1.00364. that is just a profit of 0.00364 amounting to about N527.8 profit which is small but it is still a profit. So patience is required. Leave everything as it is and return the next 24 hrs.
  8. The fifth candle stick shows a highest point of 0.002540. at this point sell sell sell. You will come out with 1.1176 btc that is a profit of 0.1176 amounting to about N17,052 or so which is very decent profit if you ask me.
  9. repeat the process again for another week.

NOTE: your ability to identify this high and low points is what determines how much you can make. Also note that results in profit are not always the same.

thanks

Tuesday, 26 April 2016

LITECOIN TAKING AN UPWARD SWING

It is interesting to note that litecoin as been quiet for quite a while and all of a sudden as bitcoin started showing an upward trend litecoin followed suite.

I think this goes to show that litecoin is directly related to bitcoin. As the price of the latter rises the former follows and vice versa.


BUYING ALTCOINS NOW IS A GOOD DECISION

Most altcoins have fallen in value by more than 20% and the reason is not farfetched. Anytime bitcoin rises in value, investors tend to pull out their buy support from other altcoins so as to cash in on the bitcoin frenzy while it lasts.


By the time bitcoin maintains a fairly stable price or even a fall then altcoins will start increasing in value. This trend has become a reoccurring decimal which I have noticed since I started crypto trading.


Therefore,It will not be a bad idea to buy into some of those cheap coins now.

Ethereum, maid and monero fall



BITSTAMP IS NOW A NATIONALLY LICENSED BITCOIN EXCHANGE.

What this means is that bitstamp can now operate as a licenced financial institution in europe. The Minister of finance Pierre Gramegna in the country of luxembourg signed and granted the licence.

source
https://www.cryptocoinsnews.com/bitstamp-becomes-worlds-first-nationally-licensed-bitcoin-exchange/

   


Monday, 25 April 2016

ALTCOINS FALLING BECAUSE OF BITCOIN RISE.

This is always a common factor. Anytime the price of Bitcoin increases the prices of altcoins begin to fall.

What is the explanation to this? It is a very simple explanation. People who placed buy orders for altcoins are simply pulling their orders to cash in on the Bitcoin frenzy.

Anyone who bought Bitcoin when it was $420 and noticed it has increased to $450 will do what anybody will do. Sell at $450 and make a profit. And this is the major reason for the fall in altcoins prices.

I will bet you that when the price of Bitcoin start to fall which will definitely happen , you will begin to notice a rise in price of altcoins again.

Now that coins are low. It is a good time to start buying those altcoins cheap.

Friday, 22 April 2016

A CRITICAL ANALYSIS OF A 24 HR CHART

As a crypto trader, it is very possible to make money everyday. I want to do a critical analysis of a 24 hr chart on Ethereum that occurred between the 20th of April 19:30hrs to 21st of April 19:30hrs.

The analysis is on a 30mins candle stick. The purpose of analyzing a chart is to enable you make a good or near accurate forcast or prediction for the next trading day or week.

This analysis will help somebody with just 1 bitcoin or 100 bitcoins to make profit daily or weekly  as the case may be. I shall do a calculation of profits from the above investment based on the result from the chart analysis.

Analysis
Analysis was carried out on Bitcoin/Ethereum 24hr chart with a 30 mins candle stick which occurred  between the 20th of April 19:30hrs to 21st of April 19:30hrs.

Findings from the Analysis
  1. A total of 48 candle sticks with different buying and selling volume were observed which is a strong indication of volatility.
  2. 24 candle sticks indicating selling and another 24 candle sticks representing buying was also observed.
  3. 13 out of the 24 selling candle sticks showed a high selling volume.
  4. 8 out of the 24 buying candle sticks showed a very high buying volume.
  5. The chart further revealed 5 volatile ranges where profit could be made.

Results from the findings

5 volatile ranges were observed at various points and there are as follows:

  1. The first volatile range occurred between the 1st and 3rd candle stick with an estimated profit of 1.68% within 90 mins of trade.
  2. The second volatile range occurred between the 7th and 8th candle stick with an estimated profit of 0.945% within 60 mins of trade.
  3. The third volatile range occurred between the 9th and 11th candle stick with an estimated profit of 1.57% within 90 mins of trade.
  4. The fourth volatile range occurred between the 16th and 28th candle stick with an estimated profit of 4.37% within 6 hours of trade.
  5. The fifth volatile range occurred between the 33rd and 38th candle stick with an estimated profit of 1.6% within 3 hours of trade.




Calculation of profit with 1 bitcoin investment on each of the volatile range

Volatile range
%profit
Bitcoin investment
Bitcoin profit
Naira value
1st
1.68
1
0.0168
2,184
2nd
0.945
1
0.00945
1,228
3rd
1.57
1
0.0157
2,041
4th
4.37
1
0.0437
5,681
5th
1.6
1
0.016
2,080
Total
10.165

0.10165
13,214

Summary
Assuming all volatile range was achieved then a total of 10.165% profit would have been realized from 1 bitcoin investment within 24 hours which will amount to N13, 214 profit.



Calculation of profit with 100 bitcoins  investment on each of the volatile range

Volatile range
%profit
Bitcoin investment
Bitcoin profit
Naira value
1st
1.68
100
1.68
218,400
2nd
0.945
100
0.945
122,800
3rd
1.57
100
1.57
204,100
4th
4.37
100
4.37
568,100
5th
1.6
100
1.6
208,000
Total
10.165

10.165
1,321,400

Summary
Assuming all volatile range was achieved then a total of 10.165% profit would have been realized from 100 bitcoin investment within 24 hours which will amount to N1, 321,400 profit.



Conclusion

From the whole analysis you will agree with me that crypto currencies are very very volatile and a lot of money to be made from this volatility if you are an experienced crypto trader.

None of the candle sticks from the chart shows any stable prices. There  all have different prices both on the selling and buying side.

I will say it again and again and again, crypto currency trading is the easiest, legitimate and a near risk free way of making money anytime anyday.

This an open call to any investor either individual or company that can afford to purchase 100 bitcoins or more for trading and speculative purpose to engage my services and get good return on investment.

You will not loose your investments rather it will be working for you round the clock while you bother about other things.




NOTE: inasmuch as the above profit margins are realistically possible it should be noted that results are not the same everyday. 

Tuesday, 19 April 2016

BITCOIN IS BITCOIN BECAUSE OF THE BLOCKCHAIN. PART 2

The underlying technology behind the success of bitcoin is the blockchain. What then is the blockchain?

I will explain it in the simpliest way that I can. You and me are the blockchain. How? Simple, As long as you have bitcoin and the software running on your system and you are also involved in mining of some sort then you are part of the blockchain.

The blockchain consist of group of miners ranging from 2 to as many as possible connected in a peer to peer manner.

Miners are the ones that bring more bitcoin into existence but that would require them to successfully confirm every transactions and the process of confirming every transactions require the solving of complex mathematical   equations with the help of their computer power. When this process is completed, there are rewarded with bitcoin. This is the process called mining.

What features make the blockchain so unique

  1. It is technically impossible to hack.
  2. It has no central authority.
  3. Every transactions are recorded in a public ledger for every one to see.
  4. It is trustless and yet every transaction are legitimate.
  5. It has so many uses and application yet to be deployed apart from the area of money. Eg bitcoin.


Money is one the most prominent application of the blockchain that we are all used to. For example, Bitcoin is able to function as money on the internet and accepted as money on the internet world wide because of the properties the blockchain has.

Well, it is not only money that the blockchain can be used for. Let me tell you another use of the blockchain.

The voting system
It is strange right but it will work if properly implemented.

We have all heard of rigging, stealing of ballot boxes, manipulation of results, tampering of election materials, bribing of voters to secure votes and every form of negative vices characterized in a typical election period.

If the blockchain technology is implemented and used for election purposes, all this vices mentioned above will be eliminated totally. There will be no need to go to court to file an appeal, there will be no need to spend so much money on election materials and so on and so forth. Infact the cost of running a successful election will be reduced from a 100% to about 20% if not less. Thereby saving the government of any nation a lot of money.

Dalemat you are very funny. How do you think this will work?

Well, this is my theory of how it will work.

  1. Firstly, a certain amount of  digital token is created just like bitcoin with no value of course.
  2. One token is  issued to all eligible voters with their token address either on their mobile device or online wallet. This can be confirmed on the blockchain just to make sure every eligible voter has only one token.
  3. The candidates say governorship are also issued their own token address without any token in it.
  4. A QR code can be generated for each candidate for easier voting.
  5. On election day, the voter simply scans the QR code and sends his or her token to the candidate of choice address. If you don’t have a phone it can also be done on the online wallet with the candidates details there to choose from and cast your vote.

With this, voting , collation and result can be concluded in less than 2 hours all in the comfort of your house.
No need for long queues, there will be no harassment, no bribing and all that. You can get the result and know the winner immediately all on the blockchain.

This is an amazing technology if you ask me.